Australis Oil & Gas Limited reported audited consolidated earnings results for the year ended of December 31, 2017. For the year, the company reported loss from operating activities was AUD 1,254,000 compared to AUD 7,055,000 for the same period a year ago. Loss from continuing operations before income tax was AUD 1,159,000 compared to AUD 6,994,000 for the same period a year ago. Net loss attributable to owners of the company was AUD 1,159,000 compared to AUD 6,994,000 for the same period a year ago. Basic and diluted loss per share was 0.18 cents against of 2.71 cents for the same period a year ago. Net cash inflow from operating activities was AUD 2,570,000 compared to net cash outflow from operating activities of AUD 4,456,000 for the same period a year ago. Payments for acquisition of exploration interests was AUD 8,448,000 compared to AUD 18,623,000 for the same period a year ago. Payment for property, plant and equipment was AUD 635,000 compared to AUD 47,000 for the same period a year ago.