---
title: "Australis Oil & Gas posts first-half loss but advances U.S. drilling plans"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296301655.md"
description: "Australis Oil & Gas reported a H1 2026 net loss of US$2.6 million despite US$0.5 million in revenue, driven by negative field netbacks and adjusted EBITDA. The company holds US$11.2 million in cash. Operationally, it advanced its U.S. drilling strategy, securing permits for the Willson 1H well and initiating leasing for carried wells, positioning for late 2026 drilling activity."
datetime: "2026-08-19T04:22:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296301655.md)
  - [en](https://longbridge.com/en/news/296301655.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296301655.md)
generator: "portal-rs"
---

# Australis Oil & Gas posts first-half loss but advances U.S. drilling plans

Australis Oil & Gas ( (AU:ATS) ) has provided an update.

Australis Oil & Gas reported first-half 2026 sales volumes of 9,200 barrels and revenue of US$0.5 million, with an average realised oil price of US$85 per barrel. Despite this, the company posted a field netback of negative US$0.1 million, adjusted EBITDA of negative US$2.6 million and a net loss after tax of US$2.6 million, while ending the period with cash of US$11.2 million.

Operationally, Australis advanced its U.S. development strategy, working with its development partner to prepare permitting and designs for the first wells under its carry program. The permit for the Willson 1H initial test well has been granted, leasing has commenced under the initial leasing program, and permitting has started for the second carried well, positioning the company for upcoming drilling activity in late 2026. 

**More about Australis Oil & Gas**

Australis Oil & Gas Ltd is an ASX-listed upstream energy company focused on developing onshore oil and gas assets in the U.S., particularly within the production-delineated core of the Tuscaloosa Marine Shale. The company controls about 47,300 net acres, largely held by production, and has material upside through roughly 160 net future drilling locations and independently assessed reserves and contingent resources.

**YTD Price Performance:** 86.67%

**Average Trading Volume:** 1,213,014

**Technical Sentiment Signal:** Hold

**Current Market Cap:** A$33.3M

See more insights into ATS stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**