Announcement • Jun 24
Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1579 million. Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1579 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 54,448,264
Price\Range: AUD 0.0029
Security Features: Attached Options Announcement • Jun 20
Australian Oil Company Limited Announces Executive Changes Australian Oil Company Limited announced the appointment of Mr. Kian Tan and Mr. Rowan Harland as joint Company Secretaries for the Company, replacing Mr. Jordan McArthur and Mr. David McArthur following their resignations as joint Company Secretaries. Mr. Tan is a Chartered Accountant with over 10 years of financial reporting, accounting, advisory and auditing experience. He is currently a financial accountant to a number of ASX-listed and unlisted entities. He is responsible for yearly and half-yearly reporting requirements, quarterly reporting, BAS lodgements and day-to-day bookkeeping. Kian holds a Bachelor of Commerce degree from Curtin University and is an associate member of the Chartered Accountants Australia and New Zealand. Mr. Harland is a corporate advisory executive at SmallCap Corporate, a Perth based corporate advisory firm. He is responsible for a broad range of corporate services for ASX-listed and unlisted entities. Rowan holds a Master of Finance degree as well as a Bachelor of Commerce from Curtin University and is currently the Company Secretary for a range of ASX listed entities. Announcement • Jun 01
Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.47 million. Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.47 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,153,847
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,384,618
Price\Range: AUD 0.13
Discount Per Security: AUD 0.00078
Transaction Features: Subsequent Direct Listing Announcement • May 22
Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million. Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 86,206,896
Price\Range: AUD 0.0029
Security Features: Attached Options Announcement • Apr 24
Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.03 million. Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.03 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 319,165,633
Price\Range: AUD 0.0029
Discount Per Security: AUD 0.000174
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 380,834,367
Price\Range: AUD 0.0029
Discount Per Security: AUD 0.000174
Transaction Features: Subsequent Direct Listing Announcement • Apr 23
Australian Oil Company Limited, Annual General Meeting, May 22, 2026 Australian Oil Company Limited, Annual General Meeting, May 22, 2026. Location: at level 1, 31 cliff street, fremantle,wa 6160., Australia Announcement • Dec 22
Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.8 million. Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 190,945,748
Price\Range: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 306,933,792
Price\Range: AUD 0.0013
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 0.8 million. Australian Oil Company Limited has filed a Follow-on Equity Offering in the amount of AUD 0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 190,945,748
Price\Range: AUD 0.0021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 306,933,792
Price\Range: AUD 0.0013
Transaction Features: Subsequent Direct Listing Announcement • Apr 11
Australian Oil Company Limited, Annual General Meeting, May 15, 2025 Australian Oil Company Limited, Annual General Meeting, May 15, 2025. Location: at level 1, 31 cliff street, fremantle, wa 6160, Australia Board Change • Dec 30
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Bill Ashby is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 24
Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.734336 million. Australian Oil Company Limited has completed a Follow-on Equity Offering in the amount of AUD 0.734336 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 116,953,061
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,714,286
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,142,857
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Australian Oil Company Limited Announces Board Changes Australian Oil Company Limited announced that it has appointed Chris Hodge as Non-executive Chairman of the Company. Chris is a highly experience and successful manager of oil and gas E&P companies. A geologist and geophysicist by training, he has acted as both a Non-executive and Managing Director with ASX listed companies - most recently at Adelphi Energy Ltd, ROC Oil Company Ltd. and Horizon Oil Ltd. He has also acted as a trusted advisor to both Mitsui & Co Ltd. and Mitsubishi Corporation. At Adelphi, Chris as MD guided the company to being a first mover in the Eagleford shale in Texas; at ROC he was a NED of the company which was taken over by Fosun; and at Horizon, Chris oversaw the transition from a troubled exploration and production company with a PNG focus, to a debt-free dividend paying entity with strong oil production and a bright future. Chris has worked extensively overseas (Argentina, USA, Thailand, Indonesia, China and NZ), however he retains a deep working knowledge of the Australia oil and gas producing basins - especially in WA and Queensland. Chris holds a B.Sc (Hons) in Geology from Liverpool University, a M.Sc in Structural Geology from Imperial College and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. The Company also announced the resignation of David McArthur as a Non-executive Director of the Company, but will remain in his role as joint Company Secretary. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (87% average weekly change). Market cap is less than US$10m (€2.01m market cap, or US$2.23m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Sep 13
First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in 1H 2023) First half 2024 results: AU$0.001 loss per share (improved from AU$0.003 loss in 1H 2023). Revenue: AU$298.0k (down 93% from 1H 2023). Net loss: AU$1.01m (loss narrowed 43% from 1H 2023). Announcement • Apr 28
Sacgasco Limited, Annual General Meeting, May 29, 2024 Sacgasco Limited, Annual General Meeting, May 29, 2024, at 10:00 W. Australia Standard Time. Location: Level 1, 31 Cliff Street, Fremantle Western Australia Australia Agenda: To consider Adoption of Remuneration Report; to consider Re-election of Director Childs; to consider Approval to Issue 2.5c Director Options Marshall; to consider Approval to Issue 3.5c Director Options Marshall; to consider Approval to Issue 4.5c Director Options Marshall; and to consider Approval of 7.1A Mandate. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022) Full year 2023 results: EPS: AU$0.001 (up from AU$0.007 loss in FY 2022). Revenue: AU$9.40m (down 47% from FY 2022). Net income: AU$628.0k (up AU$4.44m from FY 2022). Profit margin: 6.7% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Announcement • Dec 15
Sacgasco Limited, Annual General Meeting, Jan 19, 2024 Sacgasco Limited, Annual General Meeting, Jan 19, 2024, at 10:00 W. Australia Standard Time. Location: Level 1, 31 Cliff Street, Fremantle, WA 6160 Fremantle Western Australia Australia Agenda: To consider disposal of main undertaking; to ratification of issue of shares; to ratification of issue of shares; to ratification of issue of shares; and to consider other matters if any. Reported Earnings • Sep 18
First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in 1H 2022) First half 2023 results: AU$0.003 loss per share (improved from AU$0.005 loss in 1H 2022). Revenue: AU$4.45m (down 49% from 1H 2022). Net loss: AU$1.77m (loss narrowed 21% from 1H 2022). Announcement • Jul 28
Blue Sky International Holdings, Inc. entered into an agreement to acquire Nido Petroleum Pty Ltd and Yilgarn Petroleum Philippines Pty Ltd. from Sacgasco Limited for $2.5 million. Blue Sky International Holdings, Inc. entered into an agreement to acquire Nido Petroleum Pty Ltd and Yilgarn Petroleum Philippines Pty Ltd. from Sacgasco Limited for $2.5 million on July 26, 2023. The agreement is subject to the confirmation of the farmout agreement with the PNOC Exploration Corporation (“PNOC”) by 15 August 2023. The agreement is subject to the Company receiving requisite shareholder approval. Anticipated Closing Date is 15 August 2023. Announcement • Jul 17
Sacgasco Limited Appoints Kane Marshall as Managing Director Sacgasco Limited announce that it has appointed Kane Marshall as Managing Director of the Company. Kane has over 20 years' experience in various roles as a director, geologist, engineer and company builder. He currently advises several resource companies on new venture transactions and funding. He is currently the Non-Executive Chairman of NSX listed diamond explorer Consolidated Africa Limited and prior to that held various senior roles with ASX listed oil and gas companies including Chief Operating Officer of Bounty Oil and Gas NL, Managing Director of Key Petroleum Limited and Non-Executive Director of Hawkley Oil and Gas.His diverse experience base includes technical and managerial roles with private equity, junior and major oil companies. Mr. Marshall holds academic qualifications which include a Master of Petroleum Engineering from Curtin University, Bachelor of Science (Petroleum Geology) from the University of Western Australia and aBachelor of Commerce (Investment Finance and Corporate Finance) from the University of Western Australia. Former Managing Director Gary Jeffery will assume the role of non-executive technical director. The remuneration for Mr. Marshall will be $300,000 pa plus superannuation and the executive appointment issubject to 3 months termination notice by either party. Announcement • Jul 07
Sacgasco Limited has completed a Follow-on Equity Offering in the amount of AUD 0.445199 million. Sacgasco Limited has completed a Follow-on Equity Offering in the amount of AUD 0.445199 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 63,599,800
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Share price has been highly volatile over the past 3 months (119% average daily change). Negative equity (-AU$10m). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (€3.44m market cap, or US$3.74m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Jun 28
Sacgasco Limited has completed a Follow-on Equity Offering in the amount of AUD 0.63 million. Sacgasco Limited has completed a Follow-on Equity Offering in the amount of AUD 0.63 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,000,000
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Andrew Childs was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 28
Insider recently bought €80k worth of stock On the 21st of September, Paul Amoako-Atta bought around 7m shares on-market at roughly €0.012 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €347k more in shares than they have sold in the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Andrew Childs was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Chairman Andrew Childs was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 08
Insider recently bought €470k worth of stock On the 5th of August, Steven Dahl bought around 18m shares on-market at roughly €0.026 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 14
Insider recently bought €622k worth of stock On the 5th of January, Kenneth Baker bought around 17m shares on-market at roughly €0.036 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
