Australis hit by impairments but outlook positive

ASX listed Australis Oil & Gas, which operates several producing assets in North America, posted a US$125.2 million loss for the year ended December 31, but things are looking a lot rosier for the company over the next 12 months.

Australis hit by impairments but outlook positive Australis hit by impairments but outlook positive Australis hit by impairments but outlook positive Australis hit by impairments but outlook positive Australis hit by impairments but outlook positive

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The loss included impairments of $126.7 million, however its net profit before impairments and tax was $1.5 million.

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