How Is Australis Oil & Gas Turning Losses Around While Seeking TMS Partner?

• Net loss narrowed to US$1.9 million from US$4.0 million year-on-year
• Revenue declined 26% to US$7.7 million due to production dips and weather impacts
• Operational cash flow remained positive with a 30% cut in general and administrative costs
• Net debt reduced to US$1.9 million, maintaining compliance with debt covenants