Australis Oil & Gas (ASX:ATS) said a financing transaction with a subsidiary of EQV Partners closed on Tuesday, and Australis transferred 90% of its working interest in the producing well inventory to the subsidiary, retaining 10% of its working interest, according to a Wednesday Australian bourse filing.

Certain adjustments led to a final adjusted purchase price of $15.6 million. Australis will also provide transition services to EQV for a fee over the next 60 to 90 days.

Australis added that it repaid all the outstanding debt and accrued interest due under the Facility A and Facility C held with Macquarie Bank.