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Australis Oil and Gas Limited (ASX:ATS)

ALERT: Price-sensitive ASX Announcement for ATS
Current share price for ATS : $0.029 0.001 (3.57%)+
Announcement
Release
21 Aug 2026 8:01AM
Price at Release
$0.028
Full Release
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Summary
Australis Oil and Gas Limited's August 2026 corporate presentation highlights strategic developments in the Tuscaloosa Marine Shale (TMS) asset. Australis has executed a farmout agreement with a US-based development partner, carrying a 20% interest in a US$46.25 million program to develop the TMS, which positions Australis with a significant stake in one of the last undeveloped high-quality shale plays in the US. Recent transactions include selling 90% of wellbore-only interests to EQV Group to eliminate debt and fund future developments. Australis plans to spud the Willson 1H well in Q4 2026, with permits approved for additional wells, Mathieu 1H and Baker 1H. The company is focusing on leveraging its development partner's resources and expertise to maximize the TMS potential, foreseeing increased industry interest and shareholder value.
Key Points
  • Australis holds approximately 47,500 net acres in the TMS Core.
  • Executed a farmout agreement with a US listed development partner.
  • Australis is carried for a 20% interest in a US$46.25 million work program.
  • First carried well, Willson 1H, planned for Q4 2026.
  • Permits approved for additional wells, Mathieu 1H and Baker 1H.
  • Strategic sell of 90% wellbore-only interests to EQV for US$16.9 million.
  • Australis aims to leverage development partner for TMS expansion.
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.