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How Australis’ $46M Partner Deal Could Unlock Tuscaloosa Marine Shale Value
3:32pm on Thursday 26th of February, 2026 AEDT
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Energy
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How Australis’ $46M Partner Deal Could Unlock Tuscaloosa Marine Shale Value
3:32pm on Thursday 26th of February, 2026 AEDT
Key Points
Net loss of US$24.9 million due to $20.7 million impairment charge
Development partner to invest up to US$46.25 million in Tuscaloosa Marine Shale (TMS)
Sale of 90% interest in producing wells for US$16.9 million
Full repayment of Macquarie Credit Facility and year-end cash of US$14.2 million
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AUSTRALIS OIL & GAS (ASX:ATS)
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