bullish
Australis Oil & Gas Limited - Oil Prices and M&A on the Up
SUMMARY
- Australis Oil & Gas (ASX:ATS) is an oil and gas producer/developer, with a strategic and controlling position in the emerging Tuscaloosa Marine Shale (TMS) oil play, onshore US.
- The TMS is an Eagle Ford-equivalent but early-stage oil play with gross recoverable oil potential of around 7bn barrels – this is likely to be the next big thing.
- Australis represents a highly- leveraged and attractive exposure to the transformational potential of the TMS oil play.
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