Introduction
TUSCALOOSA MARINE SHALE (TMS)
ONSHORE USA
Through multiple acquisitions and strategic leasing, Australis has achieved a strategic acreage position within the TMS, one of the last emerging oil shale basins onshore in the USA with oil production per well similar to the best areas within US shale such as Eagle Ford in Texas.
At 31 December 2024, Australis holds 48,000 net acres in the oil rich TMS core, making it the largest producer and acreage holder in that region. Australis operates 31 producing wells generating positive cashflow.
This large acreage position within the TMS core, with it's associated production and cashflow, proven reserves and large undeveloped resource provides the platform for significant value creation for Australis shareholders.
| At 31 December 2024 |
|
| Net TMS Core leased (focus) acres |
48,000 (83% HBP) |
| Net (after royalties) production - average 2024 |
530 bbl/day |
| Ryder Scott estimated developed reserves as at 31 Dec 24 |
|
| 1P Developed (i.e. producing) |
1.64 million bbls |
| 2P Developed |
2.11 million bbls |
| 3P Developed |
2.72 million bbls |
| 2C Resources |
63 million bbls |
| Well inventory (future locations, net) - 48,000 net acres assessed |
~ 160net wells |
For a summary of reserves and resources refer to Reserves and Resources.
