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08 October 2024
| Name: | SACGASCO LIMITED (SGC) (This company subsequently changed its name to AUSTRALIAN OIL COMPANY LIMITED. You should refer to that name for Status.) | ||||||
| ISIN: | AU000000SGC8 | ||||||
| Date of Listing: | 11 October 2005 | ||||||
| Subsequent Names: |
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| Former Names: |
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Stock Exchange Status: (updated daily)
This company subsequently changed its name to AUSTRALIAN OIL COMPANY LIMITED. You should refer to that name for Stock Exchange Status.Legal Status: (updated monthly)
ACN: 114 061 433ABN: 83 114 061 433
Registration Date: 02 May 2005
Capital Gains Tax (CGT) Status: (updated at least quarterly)
This company subsequently changed its name and is now AUSTRALIAN OIL COMPANY LIMITED. You should refer to that name for Capital Gains Tax Status.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| AUSTRALIAN OIL COMPANY LIMITED | 13/08/2024 | |
| SACGASCO LIMITED | 04/11/2015 | 13/08/2024 |
| AUSTRALIAN OIL COMPANY LIMITED | 04/11/2015 |
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail
Expand this box to read and print
name changed to Australian Oil Company Limited | 13/08/2024 |
The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding a resource report on the Borba 1-7 well. | 17/02/2021 |
Borba 1"7 well to spud this week. Maiden Independent Prospective Resource Assessment completed. Multiple stacked conventional sandstone objectives able to be tested with a single well with a Geological Chance of Success of 70%. Mean unrisked recoverable gas Prospective Resource for Borba of 141 BCF (100%). Low risk play"opening well to explore "Tcf"potential" geological trend. Sustained A$5/Mcf gas pricing on the US West Coast enhancing value. | 17/02/2021 |
The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding a resource report on the Borba 1-7 well. | 17/02/2021 |
The suspension of trading in the securities of Sacgasco Limited will be lifted from the commencement of trading on Friday, 29 January 2021, following the release by SGC of an announcement regarding an acquisition. | 28/01/2021 |
The company releases a notice of Proposed issue of Securities - SGC. | 28/01/2021 |
Acquiring a 20% working interest in 500 BOEPD (100%) from Reactivated Oil Fields in Alberta, Canada: Sweet Oil (86%) and Natural Gas (14%). Sweet Oil (86%) and Natural Gas (14%). Purchase Price: CAD 500,000 cash (~A$510,000) and 1.92 million SGC shares at an issue price of 7.3 cents each (A$140,000). Remaining Proved Reserves of 3.7 million BOE (100%) estimated by Independent Evaluator at 31 December 2019. To be Operated by efficient, low cost private Operator which provides local synergies. Acquisition funded from existing cash, with Effective date of 18 January 2021 with Closing Date prior to 10 March 2021. Drilling of Borba natural gas prospect is Sacgasco's key priority with preparations being finalized. | 28/01/2021 |
The securities of the company will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announceent regarding a material acquisition. | 27/01/2021 |
The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding an acquisition and a capital raising. | 20/11/2020 |
The company releases a notice of Proposed issue of Securities - SGC. | 20/11/2020 |
Acquiring 30% working interest in 1,000 BOPD from Producing Oil Fields in Alberta, Canada: Sweet light oil with an average oil quality of 39o API from Keg River Formation; Purchase Price: CAD 600,000 cash (~A$640,000) and 8.85 million SGC shares at an issue price of 4.0 cents each (~A$350,000): Purchase price metric: ~US$2,400 per flowing BOPD. Remaining proved reserves of 4.4 million BO (100%) estimated by Independent Auditor at 31 December 2019: Purchase price metric: ~US$0.55 per BO of Proved Reserves. Extensive Owned infrastructure. To be Operated by efficient, low cost private Operator which provides local synergies: Production is Cash Flow positive at current oil price; Potential to Grow Production and reduce OPEX through early operational activity; Exploration and Development Locations provide large upside. Acquisition fully funded through placement of $2,300,000 of SGC shares at 3.5c per share. Expected close by 31 January 2021, subject to Alberta Energy Regulator (AER) approval. Drilling of Borba Prospect remains the key priority for Sacgasco with preparations ongoing. | 20/11/2020 |
The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding an acquisition and a capital raising. | 18/11/2020 |
name changed from Australian Oil Company Limited | 04/11/2015 |
name changed to Australian Oil Company Limited | 13/08/2024 |
The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding a resource report on the Borba 1-7 well. | 17/02/2021 |
Borba 1"7 well to spud this week. Maiden Independent Prospective Resource Assessment completed. Multiple stacked conventional sandstone objectives able to be tested with a single well with a Geological Chance of Success of 70%. Mean unrisked recoverable gas Prospective Resource for Borba of 141 BCF (100%). Low risk play"opening well to explore "Tcf"potential" geological trend. Sustained A$5/Mcf gas pricing on the US West Coast enhancing value. | 17/02/2021 |
The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding a resource report on the Borba 1-7 well. | 17/02/2021 |
The suspension of trading in the securities of Sacgasco Limited will be lifted from the commencement of trading on Friday, 29 January 2021, following the release by SGC of an announcement regarding an acquisition. | 28/01/2021 |
The company releases a notice of Proposed issue of Securities - SGC. | 28/01/2021 |
Acquiring a 20% working interest in 500 BOEPD (100%) from Reactivated Oil Fields in Alberta, Canada: Sweet Oil (86%) and Natural Gas (14%). Sweet Oil (86%) and Natural Gas (14%). Purchase Price: CAD 500,000 cash (~A$510,000) and 1.92 million SGC shares at an issue price of 7.3 cents each (A$140,000). Remaining Proved Reserves of 3.7 million BOE (100%) estimated by Independent Evaluator at 31 December 2019. To be Operated by efficient, low cost private Operator which provides local synergies. Acquisition funded from existing cash, with Effective date of 18 January 2021 with Closing Date prior to 10 March 2021. Drilling of Borba natural gas prospect is Sacgasco's key priority with preparations being finalized. | 28/01/2021 |
The securities of the company will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announceent regarding a material acquisition. | 27/01/2021 |
The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding an acquisition and a capital raising. | 20/11/2020 |
The company releases a notice of Proposed issue of Securities - SGC. | 20/11/2020 |
Acquiring 30% working interest in 1,000 BOPD from Producing Oil Fields in Alberta, Canada: Sweet light oil with an average oil quality of 39o API from Keg River Formation; Purchase Price: CAD 600,000 cash (~A$640,000) and 8.85 million SGC shares at an issue price of 4.0 cents each (~A$350,000): Purchase price metric: ~US$2,400 per flowing BOPD. Remaining proved reserves of 4.4 million BO (100%) estimated by Independent Auditor at 31 December 2019: Purchase price metric: ~US$0.55 per BO of Proved Reserves. Extensive Owned infrastructure. To be Operated by efficient, low cost private Operator which provides local synergies: Production is Cash Flow positive at current oil price; Potential to Grow Production and reduce OPEX through early operational activity; Exploration and Development Locations provide large upside. Acquisition fully funded through placement of $2,300,000 of SGC shares at 3.5c per share. Expected close by 31 January 2021, subject to Alberta Energy Regulator (AER) approval. Drilling of Borba Prospect remains the key priority for Sacgasco with preparations ongoing. | 20/11/2020 |
The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding an acquisition and a capital raising. | 18/11/2020 |
name changed from Australian Oil Company Limited | 04/11/2015 |
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Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 18/05/2022 | Andrew Childs | 400,000 | $0.022 | $8,605 |
| 10/05/2022 | Andrew Childs | 1,000,000 | $0.020 | $20,000 |
| 10/02/2022 | Andrew Childs | 200,000 | $0.024 | $4,790 |
| 03/02/2022 | Andrew Childs | 800,000 | $0.025 | $20,093 |
| 14/12/2017 | Philip Haydn-Slater | 1,000,000 | $0.085 | $85,000 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Kane Marshall | Managing Director | 17/07/2023 |
| William Ashby | Non Exec Director | 07/04/2022 |
| David McArthur | Non Exec Director, Company Secretary | 02/05/2024 |
| Jordan McArthur | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Andrew Childs | Chairman | 25/11/2008 | 30/04/2024 |
| Gary Jeffery | Technical Director | 24/10/2013 | 03/04/2024 |
| Joanne Kendrick | Non Exec Director | 01/06/2021 | 07/04/2022 |
| David McArthur | Non Exec Director | 16/11/2016 | 01/06/2021 |
| Gregory Channon | Non Exec Director | 03/12/2018 | 18/08/2020 |
| Graeme Clatworthy | Director | 02/08/2018 | 03/12/2018 |
| Philip Haydn-Slater | Non Exec Director | 02/02/2017 | 02/08/2018 |
| Keith Martens | Non Exec Director | 14/06/2011 | 16/11/2016 |
| Aqeel Virk | Non Exec Director | 08/07/2015 | 31/07/2016 |
| Mark Ohlsson | Director | 01/05/2013 | 06/05/2014 |
| Ian Tchacos | Non Exec Director | 09/04/2010 | 01/05/2013 |
| Joseph Jagelman | Managing Director | 02/05/2005 | 29/02/2012 |
| Grant Jagelman | Managing Director | 02/05/2005 | 29/02/2012 |
Date of first appointment, title may have changed.
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