Australis Applies To Form A New TMS Unit, Pearl River Field, Amite County

Australis has an application on the March 16 MS O&G Board public hearing agenda for a TMS Unit in the Pearl River Field, Amite County.
Petition of Australis TMS Inc., requesting the Board to integrate all interests in a 1,984 acre oil unit, situated in Sections 19, 20, 21, 36 & 37, Township 2 North, Range 3 East, for the horizontal drilling of the May 36-1H Well at an off-unit surface locations 127' FWL and 2,155 FNL of Section 35, to a depth of 12,116' to test the Tuscaloosa Marine Shale Formation at a regular location, with authority to drill multiple horizontal wellbores.

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Replies to This Discussion

Permalink Reply by Rock Man on March 13, 2022 at 13:42

Now the $64,000 question - Can Australis drill a TMS lateral to permitted depth / length and get the casing cemented effectively?

Based on their history, the answer is a resounding "NO"!

Maybe they have new staff and / or approach?

My gut is telling me that they don't - just chasing high oil prices

Time will tell!

Permalink Reply by Hale Yayuh on March 13, 2022 at 16:15

Yep, we'll find out and you're probably pulling for them, I sure am. Lots of oil down there!

Permalink Reply by Skip Peel - Mineral Consultant on March 13, 2022 at 16:19

My money is on State Line, not Australis.

Permalink Reply by DCM on March 15, 2022 at 7:33

22.03.10.%20Australis%20Investor%20Deck.pdf

Attached is presentation by Australis regarding its TMS holdings, released last Thursday (10 Mar 2022).

Permalink Reply by Skip Peel - Mineral Consultant on March 15, 2022 at 7:37

Thanks, DCM.  Things are percolating in the TMS.  Looking forward to seeing some new well results.

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