Australis Oil & Gas Limited is an Australia-based oil and gas company. The Company's principal activity is oil and gas exploration, development, and production. Its segment includes Oil & Gas Production and Other. The Company's Oil & Gas Production segment is engaged in the development and production of oil and gas assets in the United States (USA). The Company operates one area of interest onshore being leases, wells and facilities in the Tuscaloosa Marine Shale (TMS) in the states of Louisiana and Mississippi in the USA. It holds approximately 47,400 net acres within the production delineated core of the oil producing TMS. The Company is engaged in operating approximately 30 producing wells and 18 non-operated wells all within the TMS. Its subsidiaries include Australis Services Inc, Australis TMS Inc, Australis USA 1 Pty Limited, and Australis Europe Pty Limited.