TMS Acquisitions

Acquisitions of the TMS acreage and wells in Mississippi and Louisiana through transactions completed by Australis in 2016 and 2017 and through an ongoing leasing program are depicted in this map. Note the targeted exposure to the delineated core of the TMS which is the focus of Australis’ ongoing leasing and drilling activity.

Third party activity has increased with the Reese 11H – 1 having been drilled and completed in early 2022 by Stateline Exploration LLC an operating entity of Juniper Capital and the acquisition of Goodrich Petroleum, by Paloma Rresources introduces new operators to the play who have completed the two DUCs (Drilled but Uncompleted wells) shown in the map below that have been awaiting a fracture stimulation since 2014.