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Australian Oil Lifts Maiden 422 Barrels at $151 Average in Surat Basin

8:27pm on Friday 15th of May, 2026 AEST Energy
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Australian Oil Lifts Maiden 422 Barrels at $151 Average in Surat Basin

8:27pm on Friday 15th of May, 2026 AEST
Key Points
  • First oil lifting yielded 422 barrels at $151 AUD per barrel
  • Next lifting planned for around 400 barrels in mid-May
  • Production steady at 15 barrels per day with 30% water cut
  • Assays from Riverslea-3 to support crude sales agreement
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