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Australis Oil & Gas ( (AU:ATS) ) has issued an announcement.
Australis Oil & Gas reported positive operational cash flow in the first half of 2025, driven by an average oil price of US$70/bbl and reduced group costs. Despite a natural decline in production and weather-related outages, the company achieved a small hedge gain and reduced its net debt to US$1.9 million. Australis continues to focus on securing a partner for the TMS development, supported by increasing interest from potential partners, although no guarantees of a transaction can be made.
More about Australis Oil & Gas
Australis Oil & Gas Limited operates in the oil and gas industry, focusing on the exploration and production of oil. The company is engaged in developing the Tuscaloosa Marine Shale (TMS) play, which is considered one of the last undeveloped quality oil plays. Australis aims to secure a partner to deploy development capital in the TMS to enhance its value.
YTD Price Performance: 10.0%
Average Trading Volume: 1,043,148
Technical Sentiment Signal: Sell
Current Market Cap: A$14.46M
Find detailed analytics on ATS stock on TipRanks’ Stock Analysis page.