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How Australian Oil’s Surat Basin Entry and US Acquisition Could Reshape Its Future

7:12pm on Friday 30th of January, 2026 AEDT Energy
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How Australian Oil’s Surat Basin Entry and US Acquisition Could Reshape Its Future

7:12pm on Friday 30th of January, 2026 AEDT
Key Points
  • Binding agreements signed for Surat Basin asset acquisition pending regulatory approval
  • Acquisition of Xstate USA increases Australian Oil’s California interests
  • Production optimisation and stabilisation underway in the Dempsey area
  • Completed A$800,000 capital raising to support operations and growth
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