Grown and ‘hand-plucked’ from a natural, safe and sustainable habitat.
We have developed the world’s first commercial greenlip abalone sea ranching facility. We build our own artificial abalone reefs (called abitats) on our leases in the pristine waters of Flinders Bay. We place hatchery reared juvenile abalone on them – then let nature (with a little help from our divers) do the rest to produce this marine delicacy. A totally natural, ‘wild-harvest’ product. Because we have some control of the process we can harvest to market demand to whatever size the market requires. We call this aquaculture technique sea ranching.
ASX : OGA
Hatchery reared juvenile greenlip abalone are placed on our custom built reefs in the pristine waters of Flinders Bay. Our leases are situated in areas where wild abalone is in abundance. Nature (with a little help from our divers) does the rest to provide a premium product.
Green Lip Abalone
Our ranched abalone is a totally natural, 'wild-harvested,' premium product. The abalone is grown in its natural habitat, the ocean. It feeds on seaweed as do wild abalone.
Panko Crumbed Abalone recipe and Asian sauce
4 abalone fillets, tenderized
1/2 cup Panko bread crumbs (Japanese Bread Crumbs)
Slice the abalone. Prepare a bowl of flour. Add abalone to flour to coat.
Whisk egg. Add bread crumbs, salt and pepper to a bowl. Add floured abalone pieces to egg and coat with bread crumbs.
Heat oil in frypan. Cook abalone for 1 minute on each side or until golden.
For the sauce, mix soy sauce, finely chopped chilli, garlic and coriander in a bowl.
Ocean Grown serves up higher revenue but wider costs amid expansion
Ocean Grown sold 24.3 tonnes of its abalone in just the past six months.
That’s 161 per cent more than the same period last year, leading to a 222 per cent in sales revenue to $1.34 million. Total revenue was $1.5 million.
Losses for the half widened to $1.6 million compared to a loss of $1.2 million in the same period last year.
Ocean Grown (ASX:OGA), which recently joined the local bourse, reported increases across the board in harvests and biomass.
OGA sees a 161% sales growth
Ocean Grown Abalone Limited (ASX: OGA) released a 161% increase in sales growth in the first half of the 2018 financial year, complemented by an 114% growth in production.
On 31st January, OGA released its operations update and Appendix 4C Cashflow Statement for the quarter ending 31 December 2017.
OGA successfully listed on the Australian Securities Exchange (ASX) in November 2017, after successfully raising A$10 million in an oversubscribed initial public offering (IPO).
Key outcomes of the report include:
Sales for H1FY18 were 24.3 tonnes - 161% higher than the 9.3 tonnes in H1FY17
Sales were mostly to Asian markets, with sales to Australia representing 7% of the total
A total of 7026 Abitats (artificial abalone reefs) were deployed at Flinders Bay - this is on target to reach 10,000 Abitats deployed at Flinders Bay by Q1FY19
Harvest for H1FY18 was 21 tonnes, 114% higher than the 9.8 tonnes in H1FY17
OGA gets retail ready in time for Chinese New Year
Chinese New Year is upon us and our unique, greenlip abalone is one of the delicacies, which will be enjoyed during this special time of year.
Our first shipment of retail ready abalone arrived into Guangzhou, China on 31st January, just in time for the Chinese New Year festivities. We have been working on new packaging for the Asian market for some time, and it is now ready for consumers in some Chinese supermarkets.
Watch this Chinese New Year promotional video from one of our Shenzhen clients.
Sydney Morning Herald Article: World-first local abalone farm capitalises on Chinese new year
Chinatowns the world over will come alive this Friday for Chinese new year, with highly prized abalone one of the delicacies that will be enjoyed by a lucky few during the festivities.
West Australian producer Ocean Grown Abalone is one of the businesses that benefits from Chinese largesse during the festivities.
The Bull.com.au; Winners in the dining boom
Stories about the so-called “dining boom” mostly focus on Australia’s potential to export more fruit, vegetables and meat to Asia. Exporting seafood to emerging markets gets less attention from stockmarket investors, even though fish is a key part of Asian diets.