Introduction

TUSCALOOSA MARINE SHALE (TMS)

ONSHORE USA

Through multiple acquisitions and targeted leasing, Australis has achieved a strategic acreage position within the TMS, one of the last emerging oil shale basins onshore in the USA which has similar oil productivity to the best areas within US shale such as Eagle Ford and Permian basin in Texas.

At 31 December 2024, Australis holds 48,000 net acres in the oil rich TMS core, making it the largest producer and acreage holder in that region.  Australis operates 30 producing wells and has interests in another 17 non op wells generating positive cashflow.

This large acreage position within the TMS core, with it's associated production and cashflow, proven reserves and large undeveloped resource provides the platform for significant value creation for Australis shareholders. 

See the reserves and resources section for more detail Reserves and Resources. 

As the unconventional oil industry becomes more mature then quality future drilling inventory becomes increasingly scarce and expensive within the established basins. This makes earlier stage plays such and the TMS with the ability to scale leasehold and further optimise well design attractive.