Australis Oil & Gas Limited reported consolidated earnings results for the year ended of December 31, 2016. For the period, the company reported total income of AUD 1,133,000 compared to AUD 2,000 for the two months ended of December 31, 2015. Loss from continuing operations before income tax expense was AUD 9,529,000 compared to AUD 2,285,000 for the two months ended of December 31, 2015. Net loss attributable to owners of the company was AUD 9,529,000 compared to AUD 2,285,000 for the two months ended of December 31, 2015. Basic and diluted loss per share was 3.69 cents against of 4.00 cents for the two months ended of December 31, 2015. Net cash outflow from operating activities of AUD 6,072,000 compared to AUD 200,000 for the two months ended of December 31, 2015. Payments for acquisition of exploration interests was AUD 25,375,000 compared to AUD 1,120,000 for the two months ended of December 31, 2015. Payment for property, plant and equipment was AUD 64,000 compared to AUD 29,000 for the two months ended of December 31, 2015.