Australis finance director Graham Dowland (left) with chief executive Ian Lusted.
Australis steady on ASX debut
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Monday, 25 July, 2016 - 13:38
Category:
Subiaco-based Australis Oil & Gas has held its ground on its ASX debut, following completion of a $30 million initial public offering earlier this month.
Australis raised the funds through the placement of 120 million shares at 25 cents each.
At 1:30pm, its shares were worth 25.5 cents each.
The company was formed out of Australian success story Aurora Oil & Gas, which was sold for $1.8 billion in 2014.
The team behind Aurora subsequently reformed as Australis, including chairman Jon Stewart, chief executive Ian Lusted and finance director Graham Dowland.
Australis owns onshore tenements in the US and assets in Portugal.
The completion of the IPO, lead managed by Euroz Securities, follows completion of a $24 million private placement in January.