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An update from Australis Oil & Gas Ltd. ( (AU:ATS) ) is now available.
In the fourth quarter of 2024, Australis Oil & Gas Limited reported a slight decrease in sales revenue despite increased sales volumes due to lower commodity prices. The company managed to achieve a higher field netback and reduced its overall debt, indicating a stable financial performance. The TMS remains a strategic focus for Australis, with continued engagements with potential partners and a significant reduction in workover activities, signaling efficient operations and future growth opportunities.
More about Australis Oil & Gas Ltd.
Australis Oil & Gas Limited is an upstream oil and gas company focused on developing its onshore assets in the United States, particularly within the Tuscaloosa Marine Shale (TMS). The company holds a significant position as the largest acreage holder and producer in this core area, which offers substantial growth potential through its unconventional oil reserves.
YTD Price Performance: 0.0%
Average Trading Volume: 150,000
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.22M
See more data about ATS stock on TipRanks’ Stock Analysis page.
