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How Will Australian Oil’s New Lifting Deal Unlock Surat Basin Potential?
8:38am on Friday 13th of March, 2026 AEDT
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Energy
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How Will Australian Oil’s New Lifting Deal Unlock Surat Basin Potential?
8:38am on Friday 13th of March, 2026 AEDT
Key Points
12-month lifting agreement executed with IOR Energy Pty Ltd
Sales price linked to Brent Oil benchmark converted to AUD
Initial lifting of approximately 500 barrels expected within weeks
Revenue to fund exploration and development in Surat Basin assets
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