Australis Oil & Gas (ATS) Q3 2026 TU earnings summary

Executive summary

• Willson 1H received development-partner approval; contracts and long-lead items advanced, with a Q4 2026 spud targeted subject to securing an active rig.

• TMS leasehold reached 48,725 net acres, including 84% held by production; retained production interests generated 6,060 bbls of Q3 sales.

Financial highlights

• Q3 sales revenue from retained interests was US$0.525m; field netback was US$0.2m, including marketing fees.

• Cash and cash equivalents were US$10.140m at quarter end, versus US$11.184m at Q2 end; Q3 operating cash outflow was US$1.171m.

• Q3 customer receipts were US$467k; payments included US$369k for production, US$727k for staff, and US$294k for administration and corporate costs.

Outlook and guidance

• Willson 1H is targeted for a Q4 2026 spud; rig procurement remained in progress, with suitable candidates identified but availability dependent on existing contract extension options.

• Mathieu 1H and Baker 1H permits were approved; both planned wells are to be drilled from the Willson 1H pad as 10,000 ft laterals.

• The first advance payment under carry-program funding was received after quarter end to prefund imminent program operations.