A company with an experienced team. A proven management team with a demonstrated track record in developing and realising value from unconventional oil & gas developments.
A deliberate and considered business strategy to take advantage of current market conditions to build on Australis’ significant position within the Tuscaloosa Marine Shale. Proven reserves and large undeveloped resources provide the platform for significant value creation for shareholders.
Australis is now the largest land owner and operator within the core are of the TMS. Together with its large onshore acreage holding in Portugal, Australis has control over its capital program to develop the identified large undeveloped resources.
Current conditions provide an attractive opportunity with the fundamental drivers in place for a modest oil price recovery in due course.