Ann: Quarterly Activities Report, page-8

“Although there can be no guarantee that Australis will be able to ultimately complete a partnering transaction on satisfactory terms (or at all), we remain confident in our ability to do so in due course”. Greatly respect management’s honesty instead of misleading, deceptive statements re prospects, aimed at attracting investors/ keeping them anchored. They’re real… no disputing TMS’s significant potential as USA’s last remaining unconventional oil play but significant challenges lie ahead to convince parties of its viability and valuable worth. Can Australis crack the code?!