Production rise of 73% for Australis

AUSTRALIS Oil & Gas half year report for the period ending June 30 finds sales revenue of US$28.2 million, a realised sales price of $63.8 per barrel of oil, field netback of $15.1 million, EBITDA of $7.2 million, net profit after tax of $4.5 million, and capital expenditure of $43.5 million.

Production rise of 73% for Australis Production rise of 73% for Australis Production rise of 73% for Australis Production rise of 73% for Australis Production rise of 73% for Australis

 

At the end of the period Australis had net working capital of $16.5 million, borrowings via its Macquarie facility of $20 million and available undrawn debt of $45 million.

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