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Australis Secures US$46 Million Farmout to Kickstart TMS Drilling in Q4 2026

8:01am on Friday 21st of August, 2026 AEST Energy
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Australis Secures US$46 Million Farmout to Kickstart TMS Drilling in Q4 2026

8:01am on Friday 21st of August, 2026 AEST
Key Points
  • Farmout deal funds US$46.25 million drilling program
  • Willson 1H well permitted for Q4 2026 spud
  • 47,500 net acres held, 62 million barrels recoverable
  • US$11.2 million cash, no debt after asset sale
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