Latest Australian Oil Company News

Australian Oil Company Limited is set to lift its first crude oil from the Emu Apple Oil Field in the Surat Basin on 31 March 2026, marking a key production milestone. Concurrently, the company has identified intriguing iodine anomalies in its exploration permit PL 30, hinting at potential new hydrocarbon targets.

Australian Oil Company Limited has formalised a 12-month crude oil lifting agreement with IOR Energy for its Emu Apple Oil Field, paving the way for steady cash flow and further development in the Surat Basin.

Australian Oil Company Limited (ASX, AOK) has secured key assets in Queensland's Surat Basin and completed a strategic acquisition in California, positioning itself for near-term production growth and exploration upside.

Bounty Oil & Gas has announced a significant board renewal, including the appointment of Kane Marshall as Chairman and the retirement of long-serving CEO Philip Kelso. These leadership changes mark a new chapter as the company pursues growth in its Australian oil and gas assets.

Australian Oil Company Limited has signed binding agreements to acquire strategic oil and gas assets in Queensland's Surat Basin, positioning itself for production growth and exploration opportunities.

Australian Oil Company Limited has secured full control over key Sacramento Basin assets by acquiring Xstate USA Corporation, enhancing its exploration potential amid favorable regulatory shifts in California.

Australian Oil Company Limited reports stronger gas production in California’s Sacramento Basin and an $800,000 capital raise to advance new ventures and operational upgrades.

Trading in Australian Oil Company Limited shares has resumed following the lifting of a suspension tied to a recent capital raising announcement.

Australian Oil Company Limited has announced an $800,000 capital raising through a two-tranche share placement aimed at advancing its Californian oil and gas projects and exploring new growth opportunities.

Australian Oil Company Limited has voluntarily suspended trading on the ASX as it finalizes a capital raising deal, with details expected by 24 October 2025.

Australian Oil Company Limited reported stable gas production from key wells and completed a $1 million loan forgiveness settlement, while refocusing its portfolio away from less promising leases.

Australian Oil Company Limited has resolved a significant financial dispute with former director Gary Jeffery, involving loan forgiveness and a substantial share issuance that strengthens its balance sheet and refocuses management on growth.