Amonita Pty Limited is strategically positioned to rapidly commercialize oil and gas reserves to offer a high return potential to our global investor partners. We utilize cutting edge technology to optimize the profitability of each asset we develop, while still staying true to our more traditional values, which stem from the belief that you must “do unto others as you would have them do unto you.” These values, or core beliefs, have been instrumental in the development of our company’s culture, helping to strengthen the relationships we have with our investors, land owners, and industry leading experts.

Our strategy is to accumulate undervalued, high-quality unconventional upstream assets, manage those assets in a capital-disciplined fashion to demonstrate underlying value and then monetise based on the increased value of those assets on behalf of shareholders.

Our strategy in the TMS in the current macroenvironment is focused on the management of our existing production to maximise field cashflows and the maintenance of our strategic leasehold position within the TMS core to ensure retention of an inventory of Tier 1 well locations and the associated level of oil resources for future development. We are also exploring interest from potential industry partners to assist in the funding of activity necessary to demonstrate and realise on the value of the TMS assets, which might include continued development drilling in the right price environment.

By the end of 2024 the acreage position had reduced to approximately 80,000 net acres, but Amonita has carefully renewed those leases that maintain a strategic control on targeted high grade areas and has also instigated a permitting program, in anticipation of future drilling operations, that ensures Operator status on planned development units.

The Amonita position in the TMS core has a number of advantages that continue to make it increasingly unique and valuable in the US shale industry. It is a large, strategic operated position in a basin with proven Tier 1 oil productivity that can be realised economically at modest oil prices. Management believe it is perhaps the only remaining Tier 1 oil play that has been delineated, appraised but remains effectively undeveloped. The position, with its associated sizable reserves and resources was acquired at a low entry cost. By pursuing the above strategy, Amonita believes it will be in the best position to achieve significant value creation for its shareholders as our foundation asset becomes more attractive to industry participants in an environment where the diminishing inventory of Tier 1 oil wells in the USA needs to be replaced.