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Australis Oil & Gas (ATS) investor relations material
Australis Oil & Gas Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Secured a farmin with a major US oil and gas company for TMS appraisal and development, with the partner carrying $46.25 million of initial program costs for an 80% interest in undeveloped acreage.
Completed the sale of 90% working interest in TMS producing wells to EQV, transferring operatorship and receiving a transition fee.
Retained 10% working interest in TMS producing wells, with Q1 2026 sales volume of 4,577 bbls.
Financial highlights
Sales revenue from retained TMS interests was $0.288 million after hedges in Q1 2026.
Cash and cash equivalents at quarter-end were $13.6 million, with no debt following repayment of Macquarie credit facilities.
Net cash used in operating activities was $624,000 for the quarter.
Hedge loss of $0.024 million realized in Q1 2026 due to oil price caps, compared to a $0.12 million gain in Q4 2025.
Outlook and guidance
Development partner progressing planning for the Initial Test Well, with potential spud in H2 2026.
Australis expects industry interest in TMS Core to increase due to geopolitical events and US supply security focus.
Continues to explore further development opportunities within TMS Core outside the current AMI.
- Debt-free with strong cash reserves after asset sales, despite a $24.9M net loss in 2025.ATS
H2 20258 Mar 2026 - $46M TMS program and $16.9M well sale enable debt-free growth and 20% retained upside.ATS
Investor Update19 Dec 2025 - Net loss narrowed to US$1.9 million amid lower revenue and ongoing going concern risks.ATS
H1 202531 Aug 2025 - Robust safety, cost control, and a scalable TMS asset position the company for future growth.ATS
AGM 2025 Presentation23 Jun 2025 - De-risked TMS Core provides scalable, high-return oil development amid tightening US shale inventory.ATS
Investor Presentation23 Jun 2025 - Q3 saw lower sales but improved net debt and rising partner interest in the TMS asset.ATS
Trading Update13 Jun 2025 - Net loss narrowed 71% to $4M as cash flow improved and partner search for TMS continues.ATS
H1 202413 Jun 2025 - Steady revenue, improved EBITDA, and active partner engagement highlight Q2 2024 progress.ATS
Trading Update13 Jun 2025 - Q1 2025 saw stable EBITDA, reduced net debt, and active pursuit of a TMS development partner.ATS
Trading Update6 Jun 2025
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