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 few remaining undeveloped onshore oil producing basins in the US.
Australis is initially focused on 81,000 net acres that it holds in the oil rich TMS core, making it the largest 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.