Australis Oil & Gas provided an update on the company's development activities in the Tuscaloosa Marine Shale (TMS), onshore Mississippi: The Stewart 30H-1 well has been drilled to a total measured depth of 19,424 feet and production casing successfully run and cemented. The horizontal well path was within the target window and achieved the planned completed horizontal length of 6,900 ft. Total main rig operations for the well were completed in 25 days, which was ahead of the target of 32 days. After successfully drilling the Stewart 30H-1 well, the rig was skidded to the second well on the same pad, the Bergold 29H-2 well on 8 November 2018. The Bergold 29H-2 had already been drilled to the intermediate casing depth of 11,680 ft. At 06:00 hr on Wednesday 14 November (CST) the rig was drilling the horizontal section of the production hole at a depth of 14,524 feet. Following drilling and casing of the Bergold 29H-2, completion crews will be mobilised to the Stewart Bergold pad to complete both wells. Australis will update shareholders on the progress of the initial well program at key milestones and upon the occurrence of material events. The Company will provide well productivity data after each pair of wells has achieved 30 days of production following well clean up (IP30).