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>• 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

<ul>
<li>The FY23 financials were in line with our forecasts.</li>
<li>The high impact Anchois East well continues to be expected to spud in August.</li>
<li>A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot).</li>
</ul>


The FY23 financials were in line with our forecasts.
The high impact Anchois East well continues to be expected to spud in August.
A drilling success could increase the size of Anchois to over 1 tcf (300 bcf net to Chariot).


Chariot Limited (AIM: CHAR): High impact well offshore Morocco on track to spud in August

<ul>
<li>The OBA-1 well onshore Morocco has encountered an approximate 70 m gross interval containing elevated resistivities coincident with elevated mud gas readings, indicating potential gas pays, with no water-bearing reservoirs identified.</li>
<li>While the approximate 200 m gross thickness for the reservoirs is in line with pre-drill expectations, the absence of water in the 70 m gross interval is particularly encouraging and could suggest larger than expected resources (12 bcf pre drill).</li>
<li>The well is now expected to be tested in 3Q24.</li>
</ul>


The OBA-1 well onshore Morocco has encountered an approximate 70 m gross interval containing elevated resistivities coincident with elevated mud gas readings, indicating potential gas pays, with no water-bearing reservoirs identified.
While the approximate 200 m gross thickness for the reservoirs is in line with pre-drill expectations, the absence of water in the 70 m gross interval is particularly encouraging and could suggest larger than expected resources (12 bcf pre drill).
The well is now expected to be tested in 3Q24.


Chariot Limited (AIM: CHAR): Drilling success onshore Morocco

<ul>
<li>Chariot has started to drill the Dartois prospect onshore Morocco.</li>
<li>The well is targeting a different reservoir system and trapping style than the Gaufrette prospect.</li>
<li>The main target at Dartois is estimated to hold 12 bcf of gross prospective resources.</li>
</ul>


Chariot has started to drill the Dartois prospect onshore Morocco.
The well is targeting a different reservoir system and trapping style than the Gaufrette prospect.
The main target at Dartois is estimated to hold 12 bcf of gross prospective resources.


Chariot Limited (AIM: CHAR): Drilling at the second well onshore Morocco has commenced

United Kingdom

NWF Group plc, together with its subsidiaries, engages in the agricultural and distribution business delivering feed, food, and fuel in the United Kingdom. The company?s Feeds segment manufactures and sells animal feed and other agricultural products to farmers, as well as supplies seeds. Its Fuels segment sells and distributes domestic heating, industrial, and road fuels to domestic and commercial customers; and distributes fuel cards. This segment operates a network of 17 fuel depots. The company?s Food segment is involved in the warehousing and distribution of ambient grocery and other products to supermarket and other retail distribution centers. The company is also involved in agriculture nutritional advisory business. NWF Group plc was founded in 1871 and is headquartered in Nantwich, the United Kingdom.

Pharos Energy PLC is an independent oil and gas exploration and production company. The Company focuses on growth and returns to stakeholders, headquartered in London and listed on the London Stock Exchange. Pharos Energy has production, development, and exploration interests in Egypt, Israel, and Vietnam.

Rockhopper Exploration Plc operates as an oil and gas exploration and production company in the United Kingdom. It engages in the exploration and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. It holds 95.50% interests in the PL003a production licenses; 60.50% interests in PL003b production licenses; 64.00% interests in PL004a, PL004b, and PL004c production licenses; 100% interests in PL005 production licenses; and 40% interests in PL032 and PL033 production licenses. The company also holds a portfolio of production and exploration interests in Italy, Malta, and Croatia. Rockhopper Exploration Plc was founded in 2004 and headquartered in Salisbury, the United Kingdom.

Stobart Group Ltd. offers freight transportation and logistics services.  The Company transports cargo by truck, operates a rail freight terminal and port facilities, and offers warehouse storage services.

Quadrise Fuels International plc and its subsidiaries principally engage in the manufacture and marketing of emulsion fuel for use in power generation, industrial and marine diesel engines, and steam generation applications in the United Kingdom. It produces oil-in-water emulsion-based asphalts and fuels, through its MSAR technology as a substitute for conventional heavy fuel oil. Quadrise Fuels International plc was incorporated in 2004 and is based in London, the United Kingdom.

Afentra PLC is an independent Oil & Gas company focused on the African Energy Transition. The Company has a current interest in a high potential exploration project, onshore southwestern Somaliland.

Petro Matad Limited is a holding company. The Company, through its subsidiaries is focused on oil exploration, as well as future development and production in Mongolia.

Sound Energy plc, together its subsidiaries, operates as an oil and gas exploration, development, and production company. It operates a portfolio of 22 onshore gas licenses and permits in Italy and Morocco. The company was formerly known as Sound Oil Plc and changed its name to Sound Energy plc in September 2015. Sound Energy plc was founded in 2005 and is based in Sevenoaks, the United Kingdom.

Egdon Resources PLC is an oil and gas exploration and production company.  The Group owns acreage in the United Kingdom and France.

The Parkmead Group plc, an independent oil and gas company, engages in the exploration and production of oil and gas properties. It holds interests in 48 exploration and production blocks; and produces approximately 5,000 barrels of oil equivalent per day. The company also provides energy sector economics, valuation, and benchmarking services, as well as advises on energy policies and fiscal matters, and undertakes economic evaluations; and benchmarking and training services. It has operations in Europe, North America, and internationally. The Parkmead Group plc was incorporated in 2000 and is headquartered in Aberdeen, the United Kingdom.

PT Soechi Lines Tbk operates as an integrated liquid and gas transportation services company for cargoes such as crude oil, fuel oil, liquefied chemicals, and liquefied petroleum gas. The Company owns and operates tankers, floating storage and offloading units. Soechi Lines also operates a shipyard constructing new-builds and performing maintenance and repairs.

Shell Pakistan Limited markets petroleum and petrochemical products. The Company also blends and markets different types of lubricating oils.

Mi Chang Oil Industrial Co., Ltd. refines, produces, and distributes lubricants used in industrial machinery, ships, and automobiles.  The Company also produces rubber processing oil for rubber products manufacturing and insulating oil for electrical properties.

Strong Petrochemical Holdings, Ltd. offers trades of crude oil, petroleum products, and petrochemical products.

Pancontinental Oil & Gas NL  a petroleum (oil and gas / hydrocarbon)  exploration company with key assets in Australia, Kenya and Namibia. The Company has high-percentage interests in a range of oil and gas targets in Australia and Africa.

JC Chemical Co., Ltd, manufactures biofuels including biodisel and other byproducts derived from bioenergy source.

Alligator Energy Ltd. is a uranium exploration company. The Company is focused on prospective, drill ready uranium targets on granted tenements in Australia's uranium province, the ARUP in the Northern Territory.

SUSCO Pcl distributes petroleum products including unleaded and regular gasoline and diesel oil through its gasoline filling stations and directly to large end-users.  Through its subsidiaries, the Company acts as an oil agent and offers marine freight transportation services.

E.A. Technique (M) Bhd owns and operates marine vessels focusing on marine transportation and offshore storage of oil and gas, and provision of port marine services. The Company also owns a shipyard involved in shipbuilding, ship repair and minor fabrication of steel structures.

RH Petrogas Limited is an independent oil and gas company. The Company acquires and develops properties for oil and natural gas resources.

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): 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...

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

Chariot Limited (AIM: CHAR): High impact well offshore Morocco on track to spud in August

The FY23 financials were in line with our forecasts. The high impact Anchois East well continues to be expected to spud in August.

Auctus Advisors

Chariot Limited (AIM: CHAR): Drilling success onshore Morocco

The OBA-1 well onshore Morocco has encountered an approximate 70 m gross interval containing elevated resistivities coincident with elevated mud...

Auctus Advisors

Chariot Limited (AIM: CHAR): Drilling at the second well onshore Morocco has commenced

Chariot has started to drill the Dartois prospect onshore Morocco.The well is targeting a different reservoir system and trapping style than the...

Auctus Advisors

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