Australian Oil Company Limited · ASX:AOK
Australian Oil — Shareholder Meeting (May 2025)
12 slides from Australian Oil's shareholder meeting presentation, May 15, 2025
Slide 1: Annual General Meeting: Strategy and Corporate Overview
MAY 2025 For personal use only ANNUAL GENERAL MEETING STRATEGY AND CORPORATE OVERVIEW
Slide 2: Corporate Overview
For personal use only CORPORATE OVERVIEW AUSTRALIAN OIL CO AGM MAY 2025 2
Slide 3: Directors and Officers
DIRECTORS AND OFFICERS For personal use only Kane Marshall Chris Hodge Bill Ashby Jordan McArthur Managing Director Non Executive Chairman Non Executive Director Company Secretary Kane has over 20 years’ experience in various roles Chris is a trained geologist and geophyscisist and Bill has thirty-e
Slide 4: Corporate and Strategic Status
CORPORATE AND STRATEGIC STATUS • The Company has now exited underperforming assets in Canada and Philippines • Cash consideration for these assets totalling A$3 million finally received ending both shareholder and joint venture relationship defining new chapter and reset of the For personal use only
Slide 5: Current Operations: Sacramento Basin - California
For personal use only CURRENT OPERATIONS SACRAMENTO BASIN - CALIFORNIA AUSTRALIAN OIL CO AGM MAY 2025 5
Slide 6: Sacramento Basin Areas of Development
SACRAMENTO BASIN AREAS OF DEVELOPMENT • Active in three (3) counties: • Tehama County (Malton Wells – VBC-1, VBC-2 and VBC-3) tied into Mantis Meter • Glen County (Stoney Creek/Rio Grande/Rancho Capay/Big Jake, Borba and Dempsey) predominantly producing For personal use only into Stoney Creek Master
Slide 7: Current Production and Future Potential
CURRENT PRODUCTION AND FUTURE POTENTIAL • Production slowly in decline not assisted by shut in of Neely-2 in August 2024 Neely-2 shut- in • Last quarter production drop due to connection of Flow Rate Target pipeline for the Reclamation Board (RB) wells (bottom left) to CRC gathering system (bottom l
Slide 8: Strategic Plan
For personal use only STRATEGIC PLAN AUSTRALIAN OIL CO AGM MAY 2025 8
Slide 9: AOK Strategic Objectives
AOK STRATEGIC OBJECTIVES OPTIMISE DEVELOPMENT Reduce costs, maximise production, become self-funding ASSETS For personal use only IDENTIFY AND Primarily Sacramento basin with synergies, but also Australia and ACQUIRE NEW VENTURES SE Asia EXECUTE WORK PROGRAMS Identify and drill 1-2 wells across port
Slide 10: AOK New Ventures
AOK NEW VENTURES • California (primary) • Take advantage of our local operating expertise and economies of scale with current inventory of properties • Several bolt on opportunities already identified – both oil and gas • Exploration leasing costs affordable compared to other jurisdictions with leve
Slide 11: Thank You
For personal use only THANK YOU For more information please contact us. australianoilco.com.au Head Office: Investors / Shareholders: Managing Director: Level 1, 31 Cliff Street, Fremantle, WA 6160 Investor Relations Kane Marshall Australia Stewart Walters Managing Director T: (08) 9388 2654 E: stew
Slide 12: Disclaimer
DISCLAIMER This presentation contains summary information and statements about Australian Oil Company Limited This presentation may not be released to US wire services or distributed in the United States. This (ASX.AOK) (AOK), its subsidiaries and their respective activities, which is current as at
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