Abilene Oil and Gas Limited announced consolidated earnings results for the half-year ended December 31, 2014. For the period the company reported the company reported revenue of AUD 142,201 against AUD 158,060 for the same period last year. Loss before income tax was AUD 1,578,243 against AUD 537,030 for the same period last year.

Loss after tax for the period was AUD 1,578,243 or AUD 2.668 per share against AUD 537,030 or AUD 0.101 per share for the same period last year. Net cash used in operating activities was AUD 365,225 against AUD 541,140 for the same period last year. Payments for joint venture investment activities were AUD 1,533,476.

Payments for exploration assets was AUD 225,707 compared to AUD 1,244,474 a year ago.