Australis Oil & Gas Ltd. ( (AU:ATS) ) has provided an update.
Australis Oil & Gas Ltd has released its 2024 Annual Report, highlighting key achievements such as maintaining its TMS asset, reducing net debt, and generating surplus cash flow. Despite a net loss due to non-cash write-downs and depreciation, the company remains optimistic about securing a partner for further development of its TMS asset, which is crucial in a market with diminishing Tier 1 locations.
More about Australis Oil & Gas Ltd.
Australis Oil & Gas Ltd is an ASX-listed upstream oil and gas company focused on developing its onshore oil and gas assets in the United States. The company has significant holdings in the TMS core area, with recoverable reserves and a track record of creating shareholder value.
Average Trading Volume: 150,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.41M
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