Australis Oil & Gas Ltd. ( (ASTTF) ) has released its Q2 earnings. Here is a breakdown of the information Australis Oil & Gas Ltd. presented to its investors.
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Australis Oil & Gas Ltd. is an oil and gas exploration and production company primarily operating in the Tuscaloosa Marine Shale (TMS) in the USA, with a focus on developing its onshore assets in Louisiana and Mississippi. In its latest earnings report for the half-year ending June 30, 2025, the company reported a decrease in total sales volumes and revenue compared to the previous year, with sales volumes dropping to 110,000 barrels and revenue at US$7.7 million. Despite these challenges, the company managed to reduce its net loss after tax to US$1.9 million, down from US$4.0 million in the same period last year. Key financial metrics showed a decline, with Adjusted EBITDA falling by 44% to US$0.7 million and Field Netback decreasing by 35% to US$2.5 million. The company also reported a decrease in capital expenditure, with only US$75,000 spent on well equipment replacement. Looking ahead, Australis Oil & Gas Ltd. remains optimistic about improving market conditions and is actively seeking partners to advance the development of its TMS asset, which it believes meets the criteria for high production rates and control over development. The management is focused on strategic partnerships to enhance value creation and monetization of its core assets.