Australis Oil & Gas Ltd. · ASX:ATS
Australis Oil & Gas — Shareholder Meeting (May 2025)
22 slides from Australis Oil & Gas's shareholder meeting presentation, May 22, 2025
Slide 1: Chairman's Address and Company Presentation Material
ASX Announcement 22 May 2025 For Immediate Release Chairman’s Address and Company Presentation Material 2025 Annual General Meeting Please find attached to this document a copy of the Chairman’s address and the presentation that will be provided by Australis Oil & Gas Limited today at its Annual Gen
Slide 2: Chairman's Address – 2025 Annual General Meeting
Chairman’s Address – 2025 Annual General Meeting Welcome to the 2025 AGM of Australis Oil & Gas. Thank you to those in attendance today. Our CEO Ian Lusted will address activities and business development in more detail in his presentation following the procedural elements of the AGM. During the pas
Slide 3: 2025 AGM Presentation
ASX: ATS 2025 AGM Presentation 22 May 2025
Slide 4: 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 5: 2024 ESG and Financial results
2024 ESG and Financial results NOT FOR DISTRIBUTION OR RELEASE IN THE US 3
Slide 6: ESG summary - 2024
ESG summary - 2024 Australis reported another year of safe operations and reduced emissions Employee Safety Performance ▪ Strong safety culture for field operators resulted in 2024 2023 another exemplary performance with no safety Near Miss 0 1 incidents over 3,722 workdays in 2024 (4,194 in 2023).
Slide 7: Fiscal summary 2024
Fiscal summary 2024 Solid 2024 fiscal performance continues to support strategic objectives Financial results Units 2024 ▪ Strong fiscal results during 2024 Sales Volume (WI) Bbls 254,000 ▪ Net Debt at US$2.2 million at 31 Average Realised PriceA US$/bbl 78 December 2024 Average Achieved PriceB US$/
Slide 8: 2024 Operating Costs
2024 Operating Costs Our focus has been on production efficiency and operated costs ▪ Australis is a small operator active in an area that is remote to the major oil field service centers. Access to services and longer lead times can add to cost price pressure and so is a focus for the team − Overal
Slide 9: Driving down workover frequency
Driving down workover frequency Driving down well workover frequency – key to extending field life and minimizing operating costs ▪ Workover costs are a significant portion of the Australis operating budget. ▪ Workover frequency has been a key focus for the operations team over past 8 years to exten
Slide 10: Prudent fiscal management
Prudent fiscal management Careful fiscal management since Covid has maintained the opportunity whilst reducing fiscal exposure ▪ G&A reduction from US$12.7 million in 2019 to US$4.3million in 2024 ▪ Impact of operational improvements led to reduced workover frequency and operating costs ▪ Continued
Slide 11: Industry Status and the TMS
Industry Status and the TMS NOT FOR DISTRIBUTION OR RELEASE IN THE US 9
Slide 12: Capital Discipline – E&P Capex
Capital Discipline – E&P Capex Public companies remained primarily focused on short term shareholder returns and not portfolio longevity. Reinvestment rates are lower ▪ Maximising free cashflow in 2024 remained the priority. ▪ Total Capital Spending is slowing ▪ Operational & cost efficiencies (long
Slide 13: Industry is maturing – comparison of Dallas Fed survey
Industry is maturing – comparison of Dallas Fed survey Each year the Dallas Fed conducts a highly regarded survey of oil and gas executives. The charts below compare responses from 2021 and 2025 to the same question Dollars per barrel 120 Permian Other U.S. Permian Permian (Delaware) (Nonshale) (Oth
Slide 14: Well Performance in the Delaware Basin v TMS
Well Performance in the Delaware Basin v TMS Average Well productivity is declining in the Permian (Delaware) ▪ Analysis from Novilabs shows 6-month oil productivity per lateral ft for the top 10 operators in the Delaware Basin Source: Novilabs report November 2024 12
Slide 15: Well Performance in the Delaware Basin v TMS
Well Performance in the Delaware Basin v TMS Average Well productivity is declining in the Permian (Delaware) ▪ Analysis from Novilabs shows 6-month oil productivity per lateral ft for the top 10 operators in the Delaware Basin ▪ Coterra acquired Avant and Franklin Mountain for $3.95bn in Q4 2024 So
Slide 16: Well Performance in the Delaware Basin v TMS
Well Performance in the Delaware Basin v TMS Average Well productivity is declining in the Permian (Delaware) ▪ Analysis from Novilabs shows 6-month oil productivity per lateral ft for the top 10 operators in the Delaware Basin ▪ Coterra acquired Avant and Franklin Mountain for $3.95bn in Q4 2024 ▪
Slide 17: Well Performance in the Delaware Basin v TMS
Well Performance in the Delaware Basin v TMS Average Well productivity is declining in the Permian (Delaware) TMS 2014 well performance ▪ Analysis from Novilabs shows 6-month oil productivity per lateral ft for the top 10 operators in the Delaware Basin ▪ Coterra acquired Avant and Franklin Mountain
Slide 18: Australis TMS Asset
Australis TMS Asset In the light of the industry status the TMS has the key attributes necessary to attract field development capital ▪ A delineated but undeveloped quality oil play is very scarce onshore in the USA ▪ Existing established unconventional oil plays are increasingly mature – quality fu
Slide 19: Strategic Position with Scale in TMS Core – Q1 2025
Strategic Position with Scale in TMS Core – Q1 2025 Australis controls the core area and is largest lease holder in the play ▪ Large contiguous land position in the TMS Core with ~47,500 net acres (none on federal lands) providing strategic control and operational benefits. TMS Asset Profile Mississ
Slide 20: Summary
Summary Although it has taken patience as time frames have extended, Australis remains in a unique position to create value 2024 Results Production Netback $7.3mm EBITDA $2.5mm Fiscal 254,000bbls (-3% vs 2023) (+150% vs 2023) (-8% vs 2023) 0 Lost Time 0 Reportable 0.073 mt EHS Incidents Spills CO2e/
Slide 21: Footnotes
Footnotes 1. Estimates from the independent Ryder Scott report, effective 31 December 2024 and dated 29 January 2025. The report was prepared in accordance with the definitions and disclosure guidelines contained in the Society of Petroleum Engineers (SPE), World Petroleum Council (WPC), American As
Slide 22: 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