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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 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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