Australian Oil Company gains on buying assets in Queensland

Australian Oil

10/12/2025 01:06

** Australian Oil Company AOK.AX soars as much as 25% to A$0.003, highest in more than a week

** Oil and gas explorer signs agreements with ADZ Energy

(Queensland) Pty and OGT Energy Pty

** Under agreement, co to acquire three petroleum leases, one petroleum pipeline licence in Queensland's Surat Basin

** About 12.3 million shares traded, 3.9x the 30-day average

** YTD, AOK down 33.3%

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))