Introduction

TUSCALOOSA MARINE SHALE (TMS)

ONSHORE USA

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 60,000
Net production - average March 2017 (bbls/day) 1,700
PDP oil resources (millions bbls, net) 5
2C oil resources (millions bbls, net) - Focus acres only 106
Well inventory (future locations, net) - Focus acres only 291