Australis Oil & Gas on track to record best day ever on partnership with U.S. co

Shares of Australis Oil & Gas ATS.AX rise as much as 92.3% to A$0.025, on track to record its best day ever, if trend holds

Stock at its highest level since October 2023

ATS partners with an established U.S. oil and gas co for development of Tuscaloosa Marine Shale (TMS), an emerging oil shale basin in the U.S.

Co also agrees to sell its 90% of working interests in existing TMS producing wellbores for $16.9 million

Nearly 9.9 million shares change hands, 8.3x the 30-day average volume

Stock has risen 177.8% this year, including the session gains