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!
Yep, we'll find out and you're probably pulling for them, I sure am. Lots of oil down there!
My money is on State Line, not Australis.
Attached is presentation by Australis regarding its TMS holdings, released last Thursday (10 Mar 2022).
Thanks, DCM. Things are percolating in the TMS. Looking forward to seeing some new well results.