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Australis Oil and Gas Limited (ASX:ATS)

ALERT: Price-sensitive ASX Announcement for ATS
Current share price for ATS : $0.030 0.015 (96.67%)+
Announcement
Release
2 Jul 2026 11:11AM
Price at Release
$0.015
Full Release
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Summary
Australis Oil and Gas Limited provided an update on the TMS Carried Work Program, highlighting key developments and strategic partnerships that support their operational goals. The company has submitted a well permit application for the Willson 1H well, which is set to be a 10,000-foot extended lateral drill in the TMS Core. This well is part of a US$46.25 million carried work program with a development partner, who will finance a 20% working interest for Australis. They also formed an Area of Mutual Interest (AMI) with their partner, allowing further collaboration in leasing and development within the TMS. Australis has strengthened its position by selling a significant portion of its TMS producing well inventory, ensuring financial backing for future projects.
Key Points
  • Australis Oil and Gas Limited announced an update on their TMS carried work program.
  • A well permit application for the Willson 1H has been submitted.
  • The Willson 1H will be a 10,000-foot lateral well, part of a US$46.25 million carry program.
  • Australis and its development partner have formed an Area of Mutual Interest (AMI) in the TMS Core.
  • The development partner will carry Australis for a 20% working interest.
  • Australis has sold 90% of its working interest in TMS inventory to EQV to fund further developments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.