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Australis Secures $46M Partner to Drive TMS Development Forward
8:47am on Thursday 27th of November, 2025 AEDT
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Energy
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Australis Secures $46M Partner to Drive TMS Development Forward
8:47am on Thursday 27th of November, 2025 AEDT
Key Points
Development partner to invest ~$46 million in TMS undeveloped acreage
Australis retains 20% interest and operatorship in development program
Sale of 90% interest in producing wells to EQV Group for $16.9 million
Proceeds used to repay all debt and boost cash reserves to ~$12 million
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