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Australis Oil & Gas Limited

Energy / Oil & Gas Exploration & Production

Current price

$0.051

0.001 (2.00%)

Last trade: Invalid date GMT

Market cap

$61.10m

Market closed

Investor Presentations

Principal Activity

Australis Oil & Gas (Australis) is an oil and gas company formed by the founder and executives of Aurora Oil & Gas Limited (Aurora), which was sold in June 2014 for an enterprise value of A$2.6 billion including assumed debt of approximately A$800 million. Through two acquisitions completed in 2016 and 2017, Australis has accumulated a strategic position within one of the last emerging oil shale basins onshore in the USA. Australis has become the largest acreage holder in the production defined core area of the Tuscaloosa Marine Shale (TMS), onshore Louisiana and Mississippi. 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. In addition, Australis owns a large oil & gas licensed area onshore Portugal with a discovered gas resource.


Address

29/77 St Georges Terrace, Perth WA 6000, Australia

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Copyright © 2020 Fresh Equities. All rights reserved. ACN 619 657 028. CAR: 001267539 of AFSL: 471379.