Learn More A major company making acquisition that more than doubles Australis’ size, and provides a significant future oil production and development opportunity
Learn More A significant position in the core of the Tuscaloosa Marine Shale (TMS), comprising acres already Held By Production, along with a significant future development holding
Learn More One of the few remaining underdeveloped shale basins in the US with enormous future development potential
Learn More Buying oil production at a discount to Net Present Value, with additional value and growth potential from a large inventory of future locations
Learn More Fully funded by existing cash reserves and a new share placement
Learn More Initial lease management will be funded from cashflow, with the intention to include third parties also involved in the TMS in the next phase of development activity
