Australis Oil & Gas Limited announced consolidated earnings results for the half year ended June 30, 2017. For the year, the company reported revenue of $7,030,000. Loss from operating activities was $2,371,000 compared to $3,613,000 a year ago. Loss before income tax was $2,310,000 compared to $3,590,000 a year ago. Net loss after income tax was $2,310,000 compared to $3,590,000 a year ago. Total comprehensive loss for the period attributable to owners of the company was $2,310,000 or 0.44 cents per basic and diluted share compared to $4,319,000 or 1.92 cents per basic and diluted share a year ago. Net cash outflow from operating activities was $4,284,000 compared to $1,818,000 a year ago. Payment for property, plant and equipment was $257,000 compared to $23,000 a year ago. Payment for capitalised oil and gas assets was $237,000 compared to $17,522,000 a year ago.