Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Thematic (Sector/Industry)

<ul>
<li>ADX Energy (ADX AU) C : Portion of deeper target at Welchau flows water on test – Two intervals (total of ~16 m) in the Steinalm formation were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.</li>
<li>Gas was initially observed at surface. While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappointing and surprising given the results of the logs, the inflow of gas while drilling, the analysis of the retrieved cores (with indication of hydrocarbons) and the fact that oil samples were recovered from this interval.</li>
<li>The well is now being flowed while ADX is running a downhole production logging tool to analyse the contribution of the various sections of the well to flow. </li>
</ul>


ADX Energy (ADX AU) C : Portion of deeper target at Welchau flows water on test – Two intervals (total of ~16 m) in the Steinalm formation were tested at a stable rate (natural flow) of 240-290 bbl/d of drilling mud, likely contaminated formation water and some oil traces.
Gas was initially observed at surface. While the achieved flow rate highlights the high permeability of the natural fractures, the absence of hydrocarbons is disappointing and surprising given the results of the logs, the inflow of gas while drilling, the analysis of the retrieved cores (with indication of hydrocarbons) and the fact that oil samples were recovered from this interval.
The well is now being flowed while ADX is running a downhole production logging tool to analyse the contribution of the various sections of the well to flow. 


Equity Bottom-Up

Sintana Energy Inc. produces and distributes petroleum products. The Company acquires, develops, explores, and produces oil and gas. Sintana Energy serves customers in North and South America.

<ul>
<li>~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months.</li>
<li>This is very material and is expected to attract the attention of investors.</li>
<li>Sintana provides exposure to three out of the six licences with high impact drilling.</li>
</ul>


~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months.
This is very material and is expected to attract the attention of investors.
Sintana provides exposure to three out of the six licences with high impact drilling.


Sintana Energy Inc. (TSX-V: SEI): Pure Play on the World’s Exploration Hotspot

Panoro Energy ASA explores for oil and natural gas in Brazil, Gabon, and Nigeria . The Company operates offshore in the Camamu-Almada and Santos basins.

<ul>
<li>There were no surprises in the 3Q24 accounts.</li>
<li>Since last week, WI production has increased from 12.5 mbbl/d to 13 mbbl/d.</li>
<li>Gross production in Gabon continues to be ~40 mbbl/d.</li>
</ul>


There were no surprises in the 3Q24 accounts.
Since last week, WI production has increased from 12.5 mbbl/d to 13 mbbl/d.
Gross production in Gabon continues to be ~40 mbbl/d.


Panoro Energy ASA (OSE: PEN): Production Reaching 13 Mbbl/D. Two High Impact Wells by End of 1Q25

PetroTal Corp. operates as an oil and gas development and production company. The Company focuses on acquisition, development, and exploration of material oil assets. PetroTal serves customers in North and South America. ... More

<ul>
<li>3Q24 production was 15,203 bbl/d. This is in line with previous indications.</li>
<li>The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet.</li>
<li>With the end of the dry season, production has rapidly increased from 10.7 mbbl/d during the first week of October to &gt;21 mbbl/d currently.</li>
</ul>


3Q24 production was 15,203 bbl/d. This is in line with previous indications.
The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet.
With the end of the dry season, production has rapidly increased from 10.7 mbbl/d during the first week of October to &gt;21 mbbl/d currently.


PetroTal Corp (AIM: PTAL): Production >21 Mbbl/D.

<ul>
<li>Gross production at Dussafu has now reached 40 mbbl/d, taking Panoro’s overall WI production to 12.5 mbbl/d from 9,401 bbl/d in 3Q24.</li>
<li>Production could grow further with two wells to be completed by YE24.</li>
<li>A Ruche well is also set for first oil in 4Q24.</li>
</ul>


Gross production at Dussafu has now reached 40 mbbl/d, taking Panoro’s overall WI production to 12.5 mbbl/d from 9,401 bbl/d in 3Q24.
Production could grow further with two wells to be completed by YE24.
A Ruche well is also set for first oil in 4Q24.


Panoro Energy ASA (OSE: PEN): 12.5 mbbl/d current production. On track to achieve >13 mbbl/d by YE23