From the Westoz site (WIC) whose largest holding at 11% is ATS...

From the Westoz site (WIC) whose largest holding at 11% is ATS

Revenue ($m) $48m $125m $238m
EBITDA ($m)

NPAT ($m) $11m $26m $42m
Dividend Yield (%)

EV:EBITDA (x) 14.8x 5.3x 3.6x Price Earnings Ratio (x) 25.0x 11.0x 7.0x


ATS is an oil & gas exploration, production and development company with particular focus on production and development acreage in the Tuscaloosa Marine Shale (TMS) play in Louisiana. ATS was established in 2014 by the team that took Aurora Oil & Gas from a 20c early stage exploration company to a $4.20 takeover through the development of Eagle Ford shale assets. ATS listed in 2016 and to date has focused on aggregating acreage in what is considered the most prospective areas of the TMS.
Source: Factset Estimates
Following a recent $39m equity raising ATS will now move from land banking to development drilling to prove up the potential production parameters of the acreage. ATS is expecting to drill 4-10 development wells starting in the December half of this year. We believe successful execution of this well development program will add signi cant value and attract attention from a wider audience of investors, funders and corporates.
ATS shares gained in value by 61% over the March quarter due to a signi cant uplift in proven reserves from 4 million to 28.9 million barrels and a modest increase in the oil price.