How Is Australis Steering Through Q2 Challenges While Hunting for a TMS Partner?

• Q2 sales volumes declined 5% to 53,700 barrels due to weather and workovers
• Sales revenue fell 12% to US$3.6 million with higher operating costs
• Cash flow covered all operating and corporate expenses despite challenges
• Debt reduced by US$1.1 million to US$5.9 million; cash balance at US$4.0 million