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.

Equity Bottom-Up

Woodside Energy Group Ltd / Equity Bottom-Up

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<li>Calima Energy (CE1 AU) C; Target price of A$0.70 per share: 3Q22 production in line.</li>
<li>Solid drilling programme – 3Q22 production was 4,150 boe/d, which is in line with expectations.</li>
<li>Tethys Oil (TETY SS)C; Target price of SEK120 per share: Production update in Oman – Production in September was 9,824 bbl/d in line with last month.</li>
</ul>


Calima Energy (CE1 AU) C; Target price of A$0.70 per share: 3Q22 production in line.
Solid drilling programme – 3Q22 production was 4,150 boe/d, which is in line with expectations.
Tethys Oil (TETY SS)C; Target price of SEK120 per share: Production update in Oman – Production in September was 9,824 bbl/d in line with last month.


<ul><li>3Q22 production was 4,150 boe/d, which is in line with expectations.</li><li>Calima will drill five wells (3 Gemini Sunburst and 2 Pisces Glauconitic) in 4Q22 in order to maintain production.</li><li>The 1Q23 drilling programme will be announced shortly and is expected to include new wells at Brooks and Thorsby.</li></ul>

3Q22 production was 4,150 boe/d, which is in line with expectations.Calima will drill five wells (3 Gemini Sunburst and 2 Pisces Glauconitic) in 4Q22 in order to maintain production.The 1Q23 drilling programme will be announced shortly and is expected to include new wells at Brooks and Thorsby.

Calima Energy Ltd (ASX: CE1): 3Q22 production in line. Solid drilling programme

Australia

Calima Energy Limited operates as an oil and gas company. The Company explores and produces petroleum products. Calima Energy invests in oil and gas projects internationally.

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Calima Energy (CE1 AU)

Auctus on Friday - 21/10/2022

Tethys Oil (TETY SS)C; Target price of SEK120 per share: Production update in Oman – Production in September was 9,824 bbl/d in line with last month.

Auctus Advisors

Calima Energy Ltd (ASX: CE1): 3Q22 production in line. Solid drilling programme

3Q22 production was 4,150 boe/d, which is in line with expectations. Calima will drill five wells (3 Gemini Sunburst and 2 Pisces Glauconitic) in...

Auctus Advisors

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