Proactive Investors - Run By Investors For Investors

Australian Oil Company to pounce on acquisition

Australian Oil Company to pounce on acquisition

Australian Oil Company (ASX: AOC) is poised to divulge details of an acquisition, with the Australian Stock Exchange granting the company a trading halt today.

AOC's shares are currently in pre-open.

In February this year the company raised just under $1.2 million from a placement at $0.10, and in the December quarter 2013 received $1.75 million cash upon resolution of issues related to exploration licence PEL 182 in the Cooper Basin, South Australia.

AOC is currently focused on California exploration opportunities.

The halt will remain in place until the opening of trade on Wednesday 9th April, or earlier if an announcement is made to the market.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full SGC profile View Profile

Sacgasco Ltd Timeline

Related Articles

June 21 2019
In June, Touchstone CEO chief executive Paul Baay said the company was ready to spud the first well on the Ortoire block, which according to a prospect evaluation by GLJ has an estimated net present value between US$10.5mln and US$86.86mln
oil rig
May 08 2019
The NJOM3 well will be drilled to a total depth of 1,100 metres intersecting at least three reservoir zones
coal mine
April 01 2019
Lesedi is one of two projects Tlou has in Botswana and comprises five CBM prospecting licences
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use