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Australis Oil and Gas (ASX:ATS) to develop the Tuscaloosa Marine Shale
March 9, 2026
ATS, Australis Oil and Gas
Australis Oil and Gas (ASX: ATS)
We spoke with Ian Lusted, Managing Director of Australis Oil and Gas (ASX: ATS), about the company’s recent partnership with a US-listed independent oil and gas company to advance drilling and development across its undeveloped position in a formation called the ‘Tuscaloosa Marine Shale’ (TMS).
That partner will deploy up to US$46m under a Carry Program, funding ATS for a 20% working interest to earn an 80% interest in undeveloped operated acreage and part of the company’s non-operated holding. This unlocks what Australis considers to be very lucrative acreage in the TMS.
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