Past year: ▲ 230%(1.00c – 3.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 May 2024investor presentation● Neutral
2024 AGM chairman's address and presentation. Chairman Stewart repeats that returns are taking longer than expected, calling third-party engagement 'encouraging yet ultimately frustrating'. Talks with several parties continue; no deal announced in the text shown.
29 Apr 2024quarterly activities report● Neutral
March quarter 2024: sales 67,258 bbl (up 13%), EBITDA US$0.4m (from negative US$0.4m). Cash US$7.9m and debt US$12m after the Facility C draw. Core acreage 58,700 net. Partner engagement continues; no deal.
8 Apr 2024auditor change● Neutral
BDO Audit Pty Ltd replaces BDO Audit (WA) Pty Ltd as auditor after BDO WA restructured its audit practice and resigned with ASIC consent. Same BDO firm; a confirming vote is due at the next AGM.
7 Mar 2024debt financing▲ GoodMajor
Australis drew US$6m under Macquarie's Facility C, paying US$2m off Facility A (now US$6m) for US$4m of new liquidity. Facility A repayments are suspended to 30 September 2024, then US$0.5m a quarter, with maturity May 2026. This completes the December 2023 arrangement.
29 Feb 2024annual report● Neutral
Appendix 4G and 2023 corporate governance statement. Compliance disclosure only, with no new operating or financial information in the text shown.
29 Feb 2024annual report▼ Bad
2023 annual report: net loss US$15.3m, mainly from the US$9.4m expired-lease write-down and higher depletion. Adjusted EBITDA US$1.0m, cash US$3.8m, debt US$8m. Board remains confident of finding a partner. AGM set for 14 May 2024.
31 Jan 2024resource reserve update▼ BadMajor
Year-end 2023 Ryder Scott update: 2P+2C resource cut to 89 MMbbl from 120, PDP reserves 2,085 Mbbl with NPV10 US$47m (versus US$82m a year earlier). December quarter EBITDA was negative US$0.4m; cash US$3.8m, debt US$8m. Acreage 61,400 net.
8 Dec 2023debt financing▲ GoodMajor
Macquarie agreed a new Facility C, optional to draw by 7 March 2024, expected about US$6m, repaid over 24 months from oil swap hedges. Drawing would cut Facility A repayments to US$0.5m a quarter and extend its maturity to May 2026.
30 Oct 2023quarterly activities report● Neutral
September quarter 2023: sales 69,000 bbl (down 5%), EBITDA US$0.6m (from US$0.8m) after two workovers. Cash US$3.9m, debt US$9m. Core acreage fell 10% to 65,800 net acres. Partner talks continue; no deal.
18 Sept 2023admin correction● Neutral
Computershare's Perth registry office moved to Level 17, 221 St Georges Terrace from 18 September 2023. Administrative notice only; no impact on the company's operations or finances.
23 Aug 2023half year report▼ Bad
First-half 2023: net loss US$13.8m, mainly non-cash charges of US$9.4m for expired leases written off and US$2.4m depletion. Adjusted EBITDA US$0.9m. Debt US$10m. Several partner candidates completed diligence but no deal was reached in the half.
28 July 2023quarterly activities report● Neutral
June quarter 2023: sales 73,000 bbl (down 4%), EBITDA US$0.8m (from US$0.1m) on just one workover. Cash US$3.7m, debt US$10m. Core acreage fell to 73,300 net acres. Partner talks continue; no deal.
4 May 2023other● Neutral
A recording of the 2 May 2023 AGM webinar, with the chairman's address and CEO presentation, is on the company website. Administrative, with no new information.
2 May 2023investor presentation● Neutral
AGM chairman's address and presentation. Chairman Stewart says returns have taken longer than expected, but he is confident of value and expects third-party engagement in several forms. He urges shareholders to stay the course. No new deals disclosed in the text shown.
27 Apr 2023quarterly activities report▼ Bad
March quarter 2023: sales 76,200 bbl (down 9%), EBITDA US$0.1m (from US$1.1m) after four workovers and higher costs. Cash US$5.4m, debt US$11m. Core acreage 77,200 net acres; resource figure cut to 120 MMbbl. Partner interactions continue; no deal.
24 Feb 2023annual report▲ Good
Australis's 2022 annual report showed oil sales revenue of US$33.6m before royalties and hedges, a hedge loss of US$5.2m, EBITDA of US$6.1m and net profit of US$2.0m. Year-end cash was US$7.8m and borrowings US$12.0m, and the AGM was set for 2 May 2023.
24 Feb 2023annual report● Neutral
Appendix 4G and corporate governance statement for 2022. Compliance disclosure only, with no new operating or financial information in the text shown.
9 Feb 2023resource reserve update▼ BadMajor
Year-end 2022 Ryder Scott update: 2P developed reserves 3.14 MMbbl (down 15%); 2C contingent resource 117.06 MMbbl (down 21%), reflecting only reduced leased acreage. PDP NPV10 rose to US$82m on a higher oil price. No undeveloped reserves, as no partner is secured.
25 Jan 2023quarterly activities report● Neutral
December quarter: sales 83,300 bbl (down 7%), EBITDA US$1.1m (down 39%) on lower volumes and oil price. Cash US$7.8m, debt US$12m. Core acreage about 79,600 net acres. Partner talks with potential partners and financial institutions continue; no deal.
26 Oct 2022quarterly activities report▲ Good
September quarter: sales 89,600 bbl (up 8%), EBITDA US$1.8m (up 80%). Cash US$8.3m, debt US$13m. Paloma completed the second DUC, West Alford 10H, with Australis at 10%. Core acreage 81,900 net acres. Partner talks continue.
22 Aug 2022half year report▲ Good
First-half 2022: EBITDA US$3.2m (US$1.1m a year earlier), net profit US$1.1m versus a US$1.7m loss. Macquarie facility extended 18 months, to May 2025. Painter 5H reached IP30 of 640 bopd. Partner talks continue with several parties; no deal.
28 July 2022quarterly activities report● Neutral
June quarter: sales 82,900 bbl (down 10%), EBITDA US$1.0m (down from US$2.2m, with non-cash charges cited). Cash US$8.7m, debt US$14m. Paloma completed the first DUC well, Painter 5H, in which Australis holds 10%. Core acreage fell to 83,500 net acres.
27 May 2022other● Neutral
A recording of the 25 May 2022 AGM webinar, including the CEO presentation, is available on the company website. Administrative, with no new information.
25 May 2022investor presentation● Neutral
AGM chairman's address and presentation. Chairman Stewart says higher oil prices should raise demand for quality development opportunities and that third-party engagement is likely. He urges shareholders to stay the course. No new figures or deals.
27 Apr 2022quarterly activities report▲ Good
March quarter 2022: sales 91,600 bbl, EBITDA US$2.2m (up from US$0.5m), cash US$8.8m, debt US$15m. Paloma Resources plans to complete two drilled-but-uncompleted TMS wells in Q2, with Australis taking a 10% interest. Core acreage fell to 94,300 net acres and the resource figure to 153 MMbbl.
14 Mar 2022investor presentation● Neutral
Audio of the 10 March conference presentation has been posted on the company website. Administrative, with no new information.
10 Mar 2022investor presentation● Neutral
Euroz Hartleys Rottnest conference presentation. It restates known points: over 95,000 net acres, 33 producing wells, about 1,000 bopd, 150 MMbbl net resource, cash US$9m and debt US$16m. It notes third-party activity, with Reese 11H No.1 now flowing oil. No new announcement.
24 Feb 2022annual report● Neutral
2021 annual report: oil sales revenue US$28.3m before royalties and hedges, hedging loss US$5.4m, EBITDA US$2.7m, net loss US$2.4m. Cash US$9.3m, borrowings US$16m. AGM set for 25 May 2022. Management says it remains patient in its partner search.
24 Feb 2022annual report● Neutral
Appendix 4G and corporate governance statement for 2021. Compliance disclosure only, with no new operating or financial information in the text shown.
7 Feb 2022resource reserve update▼ BadMajor
Year-end 2021 Ryder Scott update: 2P developed reserves 3.67 MMbbl (down 11%); 2C contingent resource 148.99 MMbbl (flat). No undeveloped reserves were booked because there is no development plan while the company seeks a partner. Acreage about 98,000 net; five marginal wells sold.
