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Sacgasco
(Sydney:AOK)
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Rating:40Underperform
Price Target:
AU$0.01
▲(400.00% Upside)
Action:Downgraded
Date:10/01/26
The score is weighed down primarily by very weak financial performance—sharp revenue decline, structurally poor profitability, persistent negative free cash flow, and recurring negative equity. Technicals provide no usable confirmation due to missing indicators, and valuation offers limited support because losses (negative P/E) and lack of dividend data reduce interpretability.
Positive Factors
Low reported debt (2025)
Reporting zero debt in 2025 materially reduces near-term refinancing risk and interest expense burden. For an exploration company this preserves optionality to fund targeted appraisal or JV activity with equity, farm-outs or asset sales rather than costly borrowings, supporting strategic flexibility over the next several months.
Negative Factors
Persistent negative equity
Accumulated losses creating negative equity weakens the company’s capital base and restricts access to traditional credit and capital markets. Over the medium term this elevates dilution risk from equity raises, reduces bargaining power in farm-outs or JV terms, and constrains the firm's ability to absorb further operational setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Low reported debt (2025)
Reporting zero debt in 2025 materially reduces near-term refinancing risk and interest expense burden. For an exploration company this preserves optionality to fund targeted appraisal or JV activity with equity, farm-outs or asset sales rather than costly borrowings, supporting strategic flexibility over the next several months.
Read all positive factors
Sacgasco (AOK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.08M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-1.28
Revenue Growth-86.05%
EPS Growth43.24%
CountryAU
Employees2
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,431,059,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.47
Price to Sales (P/S)9.70
P/FCF Ratio-1.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sacgasco Business Overview & Revenue Model
Company Description
Based in Fremantle, Australia, the Australian Oil Company Limited is involved in the exploration, development, and extraction of oil and gas within Canada and the United States. The company, which was founded in 2005, previously operated as Sacgas...
How the Company Makes Money
Sacgasco’s potential revenue model is typical of an upstream exploration and production (E&P) company: it aims to create economic value by discovering and commercializing hydrocarbons and/or by monetizing project interests. However, specific, curr...
Sacgasco Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 230.54K | 220.09K | 528.28K | 9.40M | 18.42M | 8.88M |
| Gross Profit | -1.23M | -2.84M | 528.28K | 2.71M | 4.14M | 2.53M |
| EBITDA | -2.53M | -3.86M | -2.38M | 2.08M | -460.33K | -8.37M |
| Net Income | -2.80M | -2.84M | 6.18M | -733.26K | -3.60M | -10.68M |
Balance Sheet | ||||||
| Total Assets | 2.49M | 2.11M | 2.62M | 23.38M | 29.16M | 38.45M |
| Cash, Cash Equivalents and Short-Term Investments | 624.22K | 808.17K | 902.59K | 265.73K | 441.31K | 1.29M |
| Total Debt | 32.39K | 0.00 | 1.22M | 1.12M | 1.05M | 839.53K |
| Total Liabilities | 4.18M | 3.56M | 2.19M | 31.04M | 37.81M | 41.57M |
| Stockholders Equity | -1.69M | -1.45M | 431.20K | -7.65M | -10.89M | -3.17M |
Cash Flow | ||||||
| Free Cash Flow | -951.29K | -2.10M | -2.41M | -6.81M | -3.73M | -8.76M |
| Operating Cash Flow | -1.88M | -2.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -105.24K | 1.31M | 1.89M | 279.12K | -19.88K | -457.44K |
| Financing Cash Flow | 1.72M | 707.67K | 644.20K | 1.65M | 2.83M | 5.57M |
Sacgasco Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
53 Neutral | AU$3.38M | -6.72 | -29.94% | ― | ― | 44.72% | |
44 Neutral | AU$2.05M | -3.66 | 4.32% | ― | -27.82% | -30.43% | |
42 Neutral | AU$11.85M | -0.72 | -52.73% | ― | -20.73% | 51.43% | |
41 Neutral | AU$624.62K | -0.12 | 131.52% | 1.49% | -47.01% | 77.51% | |
40 Underperform | AU$6.08M | -2.14 | 178.28% | ― | -86.05% | 43.24% | |
37 Underperform | AU$1.71M | -0.87 | -27.74% | ― | -20.37% | 36.84% |
* Energy Sector Average
AU:AOK
Sacgasco
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―
―
AU:BUY
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―
―
―
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77.78%
Sacgasco Corporate Events
Sacgasco Director Boosts Equity Stake Through Major Share and Option Issue
Sep 25, 2026
Sacgasco, under the Australian Oil Company Limited banner, operates in the oil and gas exploration and production industry, using ASX listings to raise capital and deploy incentive structures. The company targets energy projects that require ongoi...
Australian Oil Company Clarifies Trading Status of Newly Issued Shares
Sep 25, 2026
Australian Oil Company Limited has issued 103,448,276 fully paid ordinary shares, as reflected in a recent Appendix filing, and has provided formal notice under section 708A of the Corporations Act to clarify their status for secondary trading. Th...
Australian Oil Company Seeks ASX Quotation for Over 103 Million Shares
Sep 25, 2026
Australian Oil Company Limited has applied to the ASX for quotation of 103,448,276 ordinary fully paid shares under the code AOK, with an issue date of 25 September 2026. The move formalizes the admission of this large tranche of equity to trading...
Australian Oil Company Appoints New Director With No Current Shareholdings
Sep 24, 2026
Australian Oil Company Limited has notified the ASX of the appointment of Thomas Streitberg as a director effective 24 September 2026, in line with listing rule disclosure requirements. The initial director’s interest notice confirms that St...
Australian Oil Co strengthens board with new Executive Chairman and equity-backed investment
Sep 23, 2026
Australian Oil Co has appointed industry veteran Tom Streitberg as Executive Chairman for a three‑year term, strengthening its leadership as it seeks to build a larger portfolio of Australian and international oil and gas assets. Streitberg,...
Sacgasco Director Piers Lewis Acquires 6 Million Shares in Australian Oil Company Limited
Sep 17, 2026
Sacgasco has disclosed a change in director interests at Australian Oil Company Limited, noting that director Piers Lewis has acquired an indirect holding through Cranley Consulting Pty Ltd. The company operates in the upstream oil and gas sector,...
Sacgasco Director Kane Marshall Increases Indirect Shareholding
Sep 17, 2026
Sacgasco has disclosed a change in director John Lloyd Kane Marshall’s interests, reporting an on-market purchase of 4,750,000 fully paid ordinary shares in Australian Oil Company Limited for $14,250. Following the transaction, Marshall̵...
Australian Oil Company Releases Interim Half-Year Financial Report
Sep 11, 2026
Australian Oil Company Limited has released its interim financial report for the half-year ended 30 June 2026, providing shareholders and regulators with an overview of its financial performance and position. The report includes key statements on ...
Australian Oil Company Builds Production Momentum as Commodity Prices Strengthen
Sep 10, 2026
Australian Oil Company Ltd is an ASX-listed upstream producer with oil operations in Queensland’s Surat Basin and gas assets in California, complemented by a pipeline of international exploration concessions. The group focuses on low-cost, i...
Australian Oil trims register with completion of small-holder share sale facility
Sep 1, 2026
Australian Oil Company Limited has completed an unmarketable parcel share sale facility aimed at holders of shareholdings valued at less than A$500, enabling them to sell their stakes without brokerage or handling costs that could make small trade...
Sacgasco boosts director William Ashby’s equity-based incentives
Aug 14, 2026
Sacgasco has disclosed a change in director William Ashby’s interests, reflecting a substantial grant of equity-linked securities. Ashby received 3,448,275 free attaching options and 51,750,000 performance rights, with no cash consideration,...
Director Marshall Granted Major Options and Performance Rights in Australian Oil Company
Aug 14, 2026
Australian Oil Company Limited, linked to Sacgasco, is an energy exploration firm whose capital base comprises ordinary shares along with multiple tranches of options and performance rights held by directors via associated corporate entities. This...
Australian Oil Company Issues 26.7 Million Long-Dated Unquoted Options
Aug 14, 2026
Australian Oil Company Limited, listed on the ASX under the code AOK, operates in the upstream oil exploration sector, focusing on petroleum resource discovery and development. As a junior energy company, it uses equity and option-based structures...
Australian Oil Company Issues 110 Million Unlisted Options
Aug 14, 2026
Australian Oil Company Limited has notified the market of the issue of 110,000,000 unlisted options, each exercisable at $0.006 and expiring on June 30, 2028.The options are part of previously announced transactions and will not be quoted on the A...
Australian Oil Company Issues Over 207 Million New Performance Rights
Aug 14, 2026
Australian Oil Company Limited has notified the ASX of a significant issuance of unquoted equity securities in the form of performance rights. The company, which focuses on oil exploration and production, continues to use equity-based incentives a...
Australian Oil Company Issues 190 Million Unlisted Options
Aug 14, 2026
Australian Oil Company Limited has issued 190,417,171 unlisted options, each exercisable at $0.006 and expiring on June 30, 2028. The options are not quoted and are tied to previously announced transactions, signaling a significant expansion of po...
Australian Oil Company to Host Investor Webinar for Shareholder Q&A
Aug 13, 2026
Australian Oil Company has scheduled an investor webinar on MarketOpen Direct Connect for 14 August 2026, offering shareholders a live online forum to engage with management. Managing Director Kane Marshall will deliver a company update and partic...
Australian Oil Co boosts Emu Apple output and readies Riverslea restart in Surat Basin
Aug 10, 2026
Australian Oil Co has reported improved performance from the Emu Apple-1 well in the Surat Basin, where production has risen to 15–20 barrels of dry oil per day following an acid wash, with the previous 30% water cut eliminated. Measured flu...
Australian Oil Company Issues Prospectus for Large Options Offer
Aug 7, 2026
Australian Oil Company Limited has released a transaction-specific prospectus dated 7 August 2026 for an offer of up to 556,551,725 options to eligible applicants, prepared under section 713 of the Corporations Act. The document emphasises that th...
Director boosts stake in Australian Oil Company via T2 Placement
Aug 6, 2026
Australian Oil Company Limited has disclosed a change in director William Ashby’s holdings, indicating his direct participation in a recent T2 Placement. Ashby acquired 3,448,274 fully paid ordinary shares for $10,000, increasing his total s...
Australian Oil Company Director Increases Indirect Shareholding via Placement
Aug 6, 2026
Australian Oil Company Limited has disclosed a change in director John Lloyd Kane Marshall’s indirect interests, highlighting increased exposure to the company’s equity. Marshall holds his stake through several investment vehicles, ref...
Australian Oil raises capital with major share issue to fund growth
Aug 6, 2026
Australian Oil Company Limited has issued 380,834,367 fully paid ordinary shares to professional and sophisticated investors as part of a capital raising first announced in late April 2026, expanding its total shares on issue to more than 2.3 bill...
Australian Oil Company Seeks ASX Quotation for 380 Million New Shares
Aug 6, 2026
Australian Oil Company Limited has applied for quotation on the ASX of 380,834,367 ordinary fully paid shares under the ticker AOK, with an issue date of August 6, 2026. The large volume of new securities, issued pursuant to a previously announced...
Australian Oil Company lifts Californian cash flow as gas prices rise and key wells restart
Jul 29, 2026
Australian Oil Company Ltd. reports that CityGate gas prices have risen above US$3 per MMBTU, lifting its Californian operations to breakeven and, at times, positive cash flow. This price improvement reflects stronger local demand and gives the pr...
Australian Oil Company posts maiden Emu Apple revenue and advances Surat Basin development
Jul 29, 2026
Australian Oil Company Limited reported its first crude oil revenue from the Emu Apple Oil Field in the June 2026 quarter, with two liftings of 422 barrels each under an agreement with IOR Energy Pty Ltd. The company is planning an intervention pr...
Australian Oil Co steps up Surat Basin restart with Emu Apple well and Major Gas Field plans
Jul 27, 2026
Australian Oil Company Limited has restored production at the Emu Apple-1 well in the Surat Basin’s PL 264 licence, following successful acidization and careful ramp-up of pump rates to pre-intervention levels. The improved reservoir communi...
Australian Oil Company switches auditors in cost-focused move
Jul 24, 2026
Australian Oil Company Limited, an Australian-based energy firm listed on the ASX as AOK, concentrates on conventional oil and gas exploration and production in the Surat Basin and operates natural gas and oil producing wells in California, while ...
Australian Oil Co Advances Surat Basin Field Restart and Resource Upgrade
Jul 12, 2026
Australian Oil Co has intensified development and exploration activity across its Surat Basin licences, engaging Energetica Consulting to deliver independent resource estimates and integrate seismic, geochemical and electromagnetic data. The move ...
Sacgasco Director’s Options Expire, Shareholding Unchanged
Jul 2, 2026
Sacgasco has disclosed a change in director William Ashby’s interests, reporting the expiry of 428,572 unlisted options that were due to lapse on June 30, 2026. Following this change, Ashby continues to hold 6,835,643 fully paid ordinary sha...
Director’s Option Expiry Slightly Reduces Potential Dilution at Australian Oil Company
Jul 2, 2026
Australian Oil Company Limited, tied to Sacgasco, is an ASX-listed energy explorer focused on oil and gas assets. Its capital base comprises a large pool of fully paid shares and multiple tranches of options, many held indirectly by senior executi...
Australian Oil Company Lets Large Tranche of Options Expire Unexercised
Jul 1, 2026
Australian Oil Company Limited, an ASX-listed oil-focused energy firm, operates through issued capital structures that include options and other convertible securities. The company’s capital base is actively managed through the listing and e...
Australian Oil Co advances Phase 1 development in Surat Oil Basin
Jul 1, 2026
Australian Oil Company has commenced Phase 1 development initiatives in the Surat Oil Basin, highlighted by intervention work on the Emu Apple-1 well and the near completion of geological mapping for the Major Gas Field. The Emu Apple-1 well has u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.