Australis marks strong start to year with production up

US ONSHORE explorer Australis Oil & Gas has reported a strong quarter with oil production up 58% on the December quarter and field productivity confirmed at its Tuscaloosa Marine Shale (TMS) acreage in Mississippi, US.

Australis marks strong start to year with production up Australis marks strong start to year with production up Australis marks strong start to year with production up Australis marks strong start to year with production up Australis marks strong start to year with production up

 

Australis sold 206,000 barrels of oil over the quarter bringing in US$12.4 million in revenue at an oil price of $60 bbl, equating to a 46% increase in sales revenue on the previous quarter.

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