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Australis Oil and Gas Limited (ASX:ATS)

ALERT: Price-sensitive ASX Announcement for ATS
Current share price for ATS : $0.029 0.007 (31.82%)+
Announcement
Release
29 Jul 2026 10:59AM
Price at Release
$0.022
Full Release
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Summary
The document is a quarterly activities report and cash flow statement for Australis Oil & Gas Limited for the quarter ending 30 June 2026. Australis is progressing its strategic goals through its Development Partner, a US-listed company, which will carry Australis’ interest in a US$46.25 million work program in the TMS Core. The report highlights the approved permits for the Willson 1H well and the initiation of permitting for the second carried well. Australis managed to maintain cash and cash equivalents of US$11.2 million by the end of the quarter. The company has a total of 47,300 net acres in the TMS Core and significant reserves, with 62 million barrels of 2P+2C net reserves. Financial activities are detailed in Appendix 5B, showing receipts from customers, staff, and administrative costs, among other financial data.
Key Points
  • Australis Oil & Gas is focused on strategic development in the TMS Core.
  • Development Partner will carry US$46.25 million work program interest.
  • Permit approved for Willson 1H and application for second well initiated.
  • Cash balance at quarter end was US$11.2 million.
  • 47,300 net acres with 62 million barrels of 2P+2C net reserves.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.