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How Australis Oil & Gas Is Strategically Cutting Debt While Hunting for a Partner
10:41am on Thursday 23rd of October, 2025 AEDT
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Energy
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How Australis Oil & Gas Is Strategically Cutting Debt While Hunting for a Partner
10:41am on Thursday 23rd of October, 2025 AEDT
Key Points
47,300 net acres held in Tuscaloosa Marine Shale core with 65 million barrels 2P+2C reserves/resources
Q3 sales volumes fell 9% to 48,800 barrels due to well workovers
Oil prices averaged a $3.70/bbl premium to WTI, softening revenue decline to 8%
Operating costs decreased, boosting field netback by 28% to $1.1 million
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