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Australis Oil & Gas Boosts Production Amid Strategic Partner Talks

6:10pm on Sunday 1st of June, 2025 AEST Oil & Gas
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Australis Oil & Gas Boosts Production Amid Strategic Partner Talks

6:10pm on Sunday 1st of June, 2025 AEST
Key Points
  • Q4 2024 sales volume increased by 3% to 62,000 barrels
  • Sales revenue slightly declined by 2% to US$4.5 million due to lower oil prices
  • Net debt reduced by 19% to US$2.2 million, supported by debt repayments
  • Year-end 2024 reserves assessed at 65 million barrels 2P+2C with producing reserves of 1.62 million barrels
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