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Australis shares tumble after Tuscaloosa update

AUSTRALIS oil and gas saw its shareprice plummet 26% yesterday, and a further 11% today, after it released an update on its onshore Tuscaloosa Marine Shale project in the US.

Australis shares tumble after Tuscaloosa update

In September the company began delayed fraccing operations at its Quin 41-30 3H well and Saxby 03-10 2H wells, drilled over the last quarter. Australis tested a new choke management regime across...

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