Australis Oil & Gas Ltd (ASTTF)

Overview

Australis Oil & Gas Limited is an upstream oil and gas company that specializes in the exploration, development, and production of oil and gas assets. Established in 2014, the company has positioned itself within the competitive energy sector with a specific focus on developing its holdings in the Tuscaloosa Marine Shale. This significant asset comprises 31 producing wells spread across an area of approximately 61,400 net acres located in Louisiana and Mississippi, the United States. The strategic location of its assets coupled with a dedicated focus on upstream activities, positions Australis Oil & Gas Limited uniquely within the oil and gas industry. Headquartered in Subiaco, Australia, the company leverages its geographically diversified portfolio to ensure sustained growth and value creation in the energy market.

Products and Services

• Exploration - Australis Oil & Gas Limited engages in the exploration of new oil and gas fields, focusing on identifying and evaluating potential resources. The objective is to expand its portfolio of assets and enhance its reserves, thereby securing long-term growth opportunities.
• Development - Post-exploration, the company undertakes the development of identified oil and gas fields. This includes engineering, procurement, construction, and installation activities required to bring discovered resources to production. Australis aims at efficient field development to maximize resource recovery and optimize production levels.
• Production - With 31 producing wells in the Tuscaloosa Marine Shale, Australis Oil & Gas Limited is involved in the ongoing production of oil and gas. This process involves extracting hydrocarbons from the ground and preparing them for sale, leveraging existing infrastructure and technologies to ensure cost-effective operations.