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Australis Oil & Gas ( (AU:ATS) ) has provided an announcement.
In its second quarter of 2025 report, Australis Oil & Gas highlighted ongoing discussions with potential partners for the development of the TMS, despite a decrease in sales volume and revenue compared to the previous quarter. The company managed to reduce its debt and maintain operational cash flow, although production costs rose due to workover operations. Australis is adjusting its production strategy by moving some wells to periodic schedules to optimize costs and production efficiency.
More about Australis Oil & Gas
Australis Oil & Gas Limited is an upstream oil and gas company focused on the strategic development of its onshore oil and gas assets in the United States, particularly within the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. The company aims to provide shareholder value through its significant reserves and resources, leveraging the expertise of its founders and executives from Aurora Oil & Gas Limited.
YTD Price Performance: 10.0%
Average Trading Volume: 2,732,794
Technical Sentiment Signal: Sell
Current Market Cap: A$11.83M
For detailed information about ATS stock, go to TipRanks’ Stock Analysis page.