Sacgasco Limited (AU:AOK) has released an update.
Australian Oil Co. has amended its agreement with Blue Sky Resources for the divestment of Red Earth assets, optimizing the deal to benefit both parties. The company will receive an additional A$750,000 by end of October 2024, with A$1.5 million deferred to December, while retaining ownership of a key subsidiary, leading to significant tax savings. This strategic move aligns with the firm’s growth plans and aims to enhance shareholder value.
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