Australian Oil Updates Settlement Payment Terms

Sacgasco Limited (AU:AOK) has released an update.

Australian Oil Company Limited has received a payment of A$750,000 from Blue Sky Resources Ltd as part of their Omnibus Settlement Agreement. The agreement has been updated, reducing the Tranche 3 payment to A$300,000 and increasing the final payment to A$1,200,000, due by January 2025. This financial adjustment reflects the company’s strategic focus on enhancing shareholder value through exploration and production in the Sacramento Basin.

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