Australis facing limited funding options

AUSTRALIAN-listed oil producer Australis Oil & Gas has done everything it can to remain afloat amid the oil price crash which hurtled markets into a vortex in the first half, but will need a joint venture partner to remain a viable business, at least according to RBC Capital Markets analysis.

Australis facing limited funding options Australis facing limited funding options Australis facing limited funding options Australis facing limited funding options Australis facing limited funding options

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Just a year ago the company was an ASX300 All Ordinary oil producer celebrating a 73% rise in production from its US Tuscaloosa Marine Shale operations across Louisiana and Mississippi.