Financial Review article from June 2016.Wonder whether they are...

Financial Review article from June 2016.

Wonder whether they are going to be able to replicate the Aurora deal?? Would be quite something to take ATS from the current $50MM market cap to a $2Bil market cap.

Former Aurora Oil & Gas team to float Australis. Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
Updated Jun 20, 2016 – 6.23pm, first published at Jun 19, 2016 – 12.15am SaveShare

The team behind $2 billion Western Australian success story Aurora Oil & Gas has a new offering for listed equities investors.

As revealed by Street Talk on Monday, former Aurora chairman Jon Stewart, technical director Ian Lusted and finance director Graham Dowland are set to float their latest venture, Australis Oil & Gas.It's understood Australis has hired Euroz Securities and Bell Potter Securities to oversee the mooted initial public offering, while Max Billingham's Blackpeak Capital is also involved.
Street Talk can reveal former Aurora chairman Jon Stewart, technical director Ian Lusted and finance director Graham Dowland are set to float their latest venture, Australis Oil & Gas. Luis Enrique Ascui The raising will be as much as $50 million for a market capitalisation of about $100 million.
An ASX listing is slated for the second half. Australis' pitch is expected to centre around the experienced management team who together made a motza for Aurora Oil & Gas shareholders when the shale player was acquired by Baytex Energy Corp in June 2014. The deal valued Aurora's equity at $1.9 billion. The team is sticking to its knitting with Australis, and say their strategy is to build an oil and gas portfolio of exploration, appraisal and core proven assets. At present, Australis is primarily focused in the United States, however, the company acquired two concessions in Portugal last year and has applied for a third.