A company with an experienced team. A proven management team with a demonstrated track record in developing and realising value from oil & gas exploration and development.
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 the largest land owner and operator within the core area of the TMS, one of the last emerging oil shale basins onshore in the USA. Australis has control over its capital program to develop the identified large proven undeveloped resources.
Current market conditions continue to provide attractive opportunities for growth in our core asset area of the TMS. Development of the TMS is profitable at current oil prices and offers significant upside potential through modest oil price improvements.
The A$2 miliion SPP is now open to shareholders as at the record date 26 Feb 2021. Offer price is A$0.05 per share, up to A$30,000 per shareholder. Offer closes on 26 Mar 2021. For more information refer to our investor page.
Eligible Shareholders Refer Here