TUSCALOOSA MARINE SHALE (TMS)
In 2016 and 2017 Australis has through two separate acquisitions of assets in the TMS, achieved a strategic acreage position within one of the last emerging oil shale basins onshore in the USA.
Australis holds over 140,000 net acres in the oil rich TMS core, making it the largest producer and acreage holder in that region. Australis operates 31 producing wells generating positive cashflow.
This large acreage position within the TMS core, together with the associated production and cashflow, proven reserves and large undeveloped resource provides the platform for significant value creation for Australis shareholders.
|Summary of Australis' TMS Asset
||As at April 2017
|Net TMS Core leased (focus) acres
||81,000 (25% HBP)
|Net TMS Core (other) acres
|Net production - average March 2017 (bbls/day)
|PDP oil resources (millions bbls, net)
|2C oil resources (millions bbls, net) - Focus acres only
|Well inventory (future locations, net) - Focus acres only