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

<ul><li>• The North Flank prospect at Anchois-3 is water wet (ReNAV: £0.03/sh), This has a negative impact on Anchois South (ReNAV: £0.07/sh).</li><li>• The B sands that were the main appraisal targets were thinner than expected and the deeper C & M sands were water wet, however these were drilled down-dip from the Anchois-2 well where the sands were found gas-bearing.</li><li>The B sands will not be tested and the main hole will be plugged an abandoned.</li></ul>

• The North Flank prospect at Anchois-3 is water wet (ReNAV: £0.03/sh), This has a negative impact on Anchois South (ReNAV: £0.07/sh).• The B sands that were the main appraisal targets were thinner than expected and the deeper C & M sands were water wet, however these were drilled down-dip from the Anchois-2 well where the sands were found gas-bearing.The B sands will not be tested and the main hole will be plugged an abandoned.

Chariot Limited (AIM: CHAR): Anchois-3 disappoints. All eyes on South Africa power

<ul>
<li>The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet.</li>
<li>Our ReNAV for this prospect was £0.03/sh.</li>
<li>The well was sidetracked in the B sands which are the main appraisal targets. Preliminary interpretation indicates the presence of gas in these sands.</li>
</ul>


The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet.
Our ReNAV for this prospect was £0.03/sh.
The well was sidetracked in the B sands which are the main appraisal targets. Preliminary interpretation indicates the presence of gas in these sands.


Chariot Limited (AIM: CHAR): Anchois-3 encounters gas in the appraisal target but one of the exploration targets is dry

<ul>
<li>Drilling operations have commenced on the Anchois East well (now named Anchois-3). </li>
<li>The well has three objectives. An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field with a 2U Prospective Resource estimate of 170 bcf in the main O Sand target.</li>
<li>Our unrisked NAV for this prospect is £0.05/sh. We carry a 61% chance of success. </li>
</ul>


Drilling operations have commenced on the Anchois East well (now named Anchois-3). 
The well has three objectives. An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an undrilled fault block to the east of the main field with a 2U Prospective Resource estimate of 170 bcf in the main O Sand target.
Our unrisked NAV for this prospect is £0.05/sh. We carry a 61% chance of success. 


Chariot Limited (AIM: CHAR): Commencing Drilling Operations at High Impact Well in Morocco

<ul>
<li>Chariot has raised US$6.4 mm of new equity (US$7 mm before expenses) priced at 6.5 p per share.</li>
<li>Management and insiders have contributed ~US$1 mm to the raise.</li>
<li>The company was initially looking to raise only US$6 mm (before expenses) but the fundraising was oversubscribed.</li>
</ul>


Chariot has raised US$6.4 mm of new equity (US$7 mm before expenses) priced at 6.5 p per share.
Management and insiders have contributed ~US$1 mm to the raise.
The company was initially looking to raise only US$6 mm (before expenses) but the fundraising was oversubscribed.


Chariot Limited (AIM: CHAR): Potentially entering Namibia offshore and boosting balance sheet

<ul>
<li>Chariot has signed Heads of Terms with Vivo Energy for the future offtake from the Loukos onshore licence where natural gas has been encountered at Dartois.</li>
<li>Up to 3 mmcf/d would be initially sold to the CNG midstream business under a long-term gas sales agreement.</li>
<li>Vivo intends to design, fund, construct and operate a CNG plant and virtual distribution network to transport natural gas from a number of sources to existing and new industrial customers in Morocco.</li>
</ul>


Chariot has signed Heads of Terms with Vivo Energy for the future offtake from the Loukos onshore licence where natural gas has been encountered at Dartois.
Up to 3 mmcf/d would be initially sold to the CNG midstream business under a long-term gas sales agreement.
Vivo intends to design, fund, construct and operate a CNG plant and virtual distribution network to transport natural gas from a number of sources to existing and new industrial customers in Morocco.


Chariot Limited (AIM: CHAR): Key step towards developing future gas to industry business onshore Morocco

United Kingdom

Chariot Limited is an independent oil and gas exploration group focused on Namibia and Mauritania.

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Chariot Limited (CHAR LN)

Chariot Limited (AIM: CHAR): Anchois-3 disappoints. All eyes on South Africa power

• The North Flank prospect at Anchois-3 is water wet (ReNAV: £0.03/sh), This has a negative impact on Anchois South (ReNAV: £0.07/sh). • The B...

Auctus Advisors

Chariot Limited (AIM: CHAR): Anchois-3 encounters gas in the appraisal target but one of the exploration targets is dry

The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were...

Auctus Advisors

Chariot Limited (AIM: CHAR): Commencing Drilling Operations at High Impact Well in Morocco

The well has three objectives. An initial pilot hole will be drilled to evaluate the potential of the Anchois Footwall prospect, located in an...

Auctus Advisors

Chariot Limited (AIM: CHAR): Potentially entering Namibia offshore and boosting balance sheet

Chariot has raised US$6.4 mm of new equity (US$7 mm before expenses) priced at 6.5 p per share. Management and insiders have contributed ~US$1 mm...

Auctus Advisors

Chariot Limited (AIM: CHAR): Key step towards developing future gas to industry business onshore Morocco

Chariot has signed Heads of Terms with Vivo Energy for the future offtake from the Loukos onshore licence where natural gas has been encountered at...

Auctus Advisors

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