Australis Oil & Gas (ATS) AGM 2025 Presentation summary

ESG and safety performance

• Achieved zero safety incidents over 3,722 workdays in 2024, maintaining a strong safety culture and effective SOS program.

• No reportable oil leaks; five minor spills (2.92 bbl) all contained on-site.

• Reported Scope 1 and 2 emissions under TCFD; Scope 1 emissions mainly from gas flaring at 0.62 mmscf/d.

• Opportunities identified to reduce emissions via gas export or onsite use in future development.

Financial and operational results

• 2024 sales volume reached 254,000 bbls, generating $19.4M in revenue and $2.5M EBITDA.

• Net debt at $2.2M as of year-end; cash balance $6.2M, total debt $8.4M.

• Field netback was $7.3M; producing wells valued at $38M (NPV10).

• Conservative hedge position adopted for 2025 to cover debt obligations.

Cost management and efficiency

• Maintained overall Opex from 2023 to 2024; fixed costs up 3%, variable costs down due to savings initiatives.

• Workover frequency reduced by 44% in 2024, significantly lowering related expenses.

• Average interventions per well per year dropped from 1.22 (2015-2019) to 0.30 (2020-2025 YTD), a 75% improvement.

• Average time since last intervention on key wells reached 1,030 days in 2024.