Australis Oil & Gas Ltd. · ASX:ATS
Australis Oil & Gas — Shareholder Meeting (May 2026)
21 slides from Australis Oil & Gas's shareholder meeting presentation, May 5, 2026
Slide 1: ASX Announcement: 2026 Annual General Meeting Presentation Material
ASX Announcement 5 May 2026 For Immediate Release Company Presentation Material 2026 Annual General Meeting Please find attached to this document a copy of the presentation that will be provided by Australis Oil & Gas Limited today at its Annual General Meeting. This ASX announcement was authorised
Slide 2: 2026 AGM Presentation
For personal use only ASX: ATS 2026 AGM Presentation 05 May 2026
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Australis Oil & Gas Limited ACN 609 262 937 (ASX: ATS) (Australis). Summary of information: This presentation contains general and background information about Australis’ activities current as at the date of the presentation and
Slide 4: 2025 Highlights
2025 Highlights 2025 proved to be a key transition period for the Australis business plan and our Tuscaloosa Marine Shale (TMS) asset Key strategic objectives met through two transactions announced in November 2025 which For personal use only position the company for funded growth. Specifically
Slide 5: 2025 Strategic Transactions
2025 Strategic For personal use only Transactions NOT FOR DISTRIBUTION OR RELEASE IN THE US 4
Slide 6: Key transactions in 2025
Key transactions in 2025 Australis announced two key transactions in November 2025 On 26 November 2025 Australis advised it had executed and closed on a farmout transaction with a US listed Development Partner that has active onshore development and exploration operations in multiple onshore For per
Slide 7: 2026 workflow with Development Partner
2026 workflow with Development Partner Preparation and Planning underway for first carried well Australis has been working with the Development Partner on multiple fronts during early 2026 with provisional locations identified for both the ITW and future carry wells. For personal use only Land – t
Slide 8: Opportunity for increased exposure to TMS upside
Opportunity for increased exposure to TMS upside Australis has a strategic land position and an extensive data base Large contiguous land position in the TMS Core with ~47,200 net acres (none on federal Acreage Expiry Profile lands) providing strategic control and operational benefits. 31 March 20
Slide 9: Opportunity for increased exposure to TMS upside - continued
Opportunity for increased exposure to TMS upside - continued Value proposition Australis current market capitalization US$21 million (30/4/26 – AU$0.022/share) For personal use only Australis effective cash balance US$12.3 million (End Q1 26) If farmin is completed Australis will have been car
Slide 10: Key transactions in 2025 - continued
Key transactions in 2025 - continued Australis announced two key transactions in November 2025 On 26 November 2025 Australis advised it had executed a second transaction, which closed out on the 30 December 20251. Australis sold 90% of its working interest in the producing TMS wells to an affiliate
Slide 11: Industry Status and the TMS
Industry Status For personal use only and the TMS NOT FOR DISTRIBUTION OR RELEASE IN THE US 10
Slide 12: US unconventional industry continues to mature
US unconventional industry continues to mature As the industry matures new resources are becoming harder and more expensive to find, leading to lower growth rates. Reinvestment rates are lower and more expensive For personal use only F&D reserve replacement dropped below 100% for the first time in
Slide 13: New export demand pressures on US production
New export demand pressures on US production The recent events in the middle east are restructuring global oil supply chains and have introduced a new demand dynamic into the US domestic market. For personal use only Gulf coast crude oil exports are surging in the existing climates, passing 5 mill
Slide 14: 2025 ESG and Financial results
2025 ESG and Financial For personal use only results NOT FOR DISTRIBUTION OR RELEASE IN THE US 13
Slide 15: ESG summary - 2025
ESG summary - 2025 Australis reported another year of safe operations and reduced emissions Employee Safety Performance Strong safety culture for field operators 2025 2024 continued, with only one incident that did not For personal use only Near Miss 0 0 result in an LTI as the employee returned t
Slide 16: Fiscal summary 2025
Fiscal summary 2025 Strong 2025 fiscal performance with managed costs 2025 Financial results Fiscal results during 2025 supported business Units 2025 whilst partnering efforts continued. For personal use only Sales Volume (WI) Bbls 208,100 Sales volume reduction in line with Average Realised Pri
Slide 17: 2025 Operating Costs
2025 Operating Costs During 2025 we continued our focus on production efficiency and production operated costs Operating costs are a key value driver to both our fiscal performance and the longevity of our production base − Overall Opex was reduced by 15% during 2025 For personal use only − Variab
Slide 18: Driving down workover frequency
Driving down workover frequency Whilst there was a modest increase in the number of workovers, costs went down Australis’s efforts to drive down workover frequency, cost and extend run times has been effective throughout tenure as operator For personal use only Slight increase recorded in workov
Slide 19: Summary
Summary 2025 was a transformational year for Australis The Company has delivered on a number of long term strategic goals, allowing us to move to the next phase of our business strategy on a fully funded basis. We have For personal use only Secured a partner for the TMS Development with a carried
Slide 20: Glossary
Glossary Unit Measure Unit Measure B Prefix - Billions bbl Barrel of oil MM or mm Prefix - Millions boe Barrel of oil equivalent (1bbl = 6 mscf) M or m Prefix - Thousands scf Standard cubic foot of gas /d Suffix - per day Bcf Billion standard cubic foot of gas Abbreviation Description Abbreviation D
Slide 21: Appendix – Single well economic assumptions
Appendix 1 – Single well economic assumptions On slide 8 Australis provided single well economic analysis using the following assumptions ATS 20yr 7,200ft lateral type curve − A conservative 20 year type curve as shown For personal use only opposite − Well cost $10.4 million – assumes continuous rig