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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
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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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