Australian Oil Advances Surat Basin Growth with Resource Assessment and Production Restart Plans
Australian Oil Company (ASX: AOK) has advanced its Phase 1 Surat Basin development strategy through a series of operational and exploration initiatives aimed at strengthening production and expanding resource potential. The company has appointed Energetica Consulting to prepare an independent assessment of resources across its Surat Basin licences, including the Major Gas Field. At the Emu Apple Oil Field, restoration work continues following encouraging results from a condensate backwash, with an acid wash planned before production resumes. Meanwhile, the Riverslea Field awaits regulatory approval to restart production under its Later Development Plan, while additional wellhead sampling is expected to support future crude sales agreements. Exploration efforts have also identified promising infill drilling opportunities and a potential oil-bearing interval within the Showgrounds Formation at the Major Gas Field. Collectively, these initiatives reflect Australian Oil’s strategy of enhancing production, advancing exploration prospects, and strengthening its resource base to support long-term operational and commercial growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Australian Oil Advances Surat Basin Growth with Resource Assessment and Production Restart Plans
Australian Oil Company (ASX: AOK) has advanced its Phase 1 Surat Basin development strategy through a series of operational and exploration initiatives aimed at strengthening production and expanding resource potential. The company has appointed Energetica Consulting to prepare an independent assessment of resources across its Surat Basin licences, including the Major Gas Field. At the Emu Apple Oil Field, restoration work continues following encouraging results from a condensate backwash, with an acid wash planned before production resumes. Meanwhile, the Riverslea Field awaits regulatory approval to restart production under its Later Development Plan, while additional wellhead sampling is expected to support future crude sales agreements. Exploration efforts have also identified promising infill drilling opportunities and a potential oil-bearing interval within the Showgrounds Formation at the Major Gas Field. Collectively, these initiatives reflect Australian Oil’s strategy of enhancing production, advancing exploration prospects, and strengthening its resource base to support long-term operational and commercial growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au