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Australis Oil and Gas Limited (ASX:ATS)

ALERT: Price-sensitive ASX Announcement for ATS
Current share price for ATS : $0.030 0.001 (3.45%)+
Announcement
Release
19 Aug 2026 2:14PM
Price at Release
$0.029
Full Release
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Summary
Australis Oil & Gas Limited reported significant financial challenges for the first half of 2026, with a net loss of $2.6 million, a substantial decrease in sales revenue, and notably lower sales volumes compared to the previous year. Despite achieving an average realized oil price of $85 per barrel, the company's Field Netback and Adjusted EBITDA were negative. No dividends were declared, and the company focused on preparations for drilling operations under a Carry Program. Financial activities included the closure of hedge contracts and a strategic transaction that impacted working interest in producing wells.
Key Points
  • Australis Oil & Gas Limited reported a net loss of $2.6 million for the first half of 2026, compared to a loss of $1.9 million in the same period in 2025.
  • Sales revenue decreased significantly by 93% from $7.72 million in H1 2025 to $0.51 million in H1 2026.
  • Total sales volumes for H1 2026 were approximately 9,200 barrels, a decrease from 110,000 barrels in H1 2025.
  • Australis reported a Field Netback of negative $0.1 million and an Adjusted EBITDA of negative $2.6 million for the period.
  • The average realized oil price was $85 per barrel, excluding hedge losses and prior period adjustments.
  • The company did not declare or pay any dividends during the first half of 2026.
  • Australis commenced preparations for drilling the Initial Test Well, the Willson 1H, under a Carry Program with a spud date planned for Q4 2026.
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.