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 is initiating a strategic review of its Transitional Power business.</li><li>• The business includes multiple wind and solar projects in Southern Africa (with a solar project already operational in Burkina Faso).</li><li>It also includes a power trading licence in South Africa.</li></ul>

• Chariot is initiating a strategic review of its Transitional Power business.• The business includes multiple wind and solar projects in Southern Africa (with a solar project already operational in Burkina Faso).It also includes a power trading licence in South Africa.

Chariot Limited (AIM: CHAR): Initiating a strategic review of the Transitional Power business to focus on gas

<ul>
<li>The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania.</li>
<li>Chariot holds a 50% interest in the project and TotalEnergies is a partner.</li>
<li>Mauritania benefits from an ideal geography for wind and solar energy.</li>
</ul>


The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania.
Chariot holds a 50% interest in the project and TotalEnergies is a partner.
Mauritania benefits from an ideal geography for wind and solar energy.


Chariot Limited (AIM: CHAR): Feasibility study as a first step to unlocking a mega green hydrogen project

<ul>
<li>Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.</li>
<li>Etana will wheel electricity to their commercial property buildings located in several jurisdictions in South Africa.</li>
<li>The electricity that will be wheeled by Etana includes 30GWh per annum of hydroelectric power from Serengeti Energy.</li>
</ul>


Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.
Etana will wheel electricity to their commercial property buildings located in several jurisdictions in South Africa.
The electricity that will be wheeled by Etana includes 30GWh per annum of hydroelectric power from Serengeti Energy.


Chariot Limited (AIM: CHAR): Milestone for the electricity trading business in South Africa

<ul>
<li>Drilling at Loukos in Morocco is expected to start around the end of 1Q24 with Chariot expecting the imminent approval of environment permit for up to 20 drilling locations.</li>
<li>The first prospect to be drilled will be Gaufrette (in line with previous indications).</li>
<li>Energean and Chariot are negotiation a contract for a drilling rig for the 2024 campaign.</li>
</ul>


Drilling at Loukos in Morocco is expected to start around the end of 1Q24 with Chariot expecting the imminent approval of environment permit for up to 20 drilling locations.
The first prospect to be drilled will be Gaufrette (in line with previous indications).
Energean and Chariot are negotiation a contract for a drilling rig for the 2024 campaign.


Chariot Limited (AIM: CHAR):Onshore drilling to start in 1Q24

<ul><li>• The transaction consists of two tranches.</li><li>Energean will initially acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively for US$10 mm on closing plus US$15 mm on FID.</li><li>Energean will also fund US$85 mm of gross costs including drilling the Anchois East well and up to US$7 mm seismic at Rissana.</li></ul>

• The transaction consists of two tranches.Energean will initially acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively for US$10 mm on closing plus US$15 mm on FID.Energean will also fund US$85 mm of gross costs including drilling the Anchois East well and up to US$7 mm seismic at Rissana.

Chariot Limited (AIM: CHAR): Like-minded farm-in partner to unlock Anchois

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): Initiating a strategic review of the Transitional Power business to focus on gas

• Chariot is initiating a strategic review of its Transitional Power business. • The business includes multiple wind and solar projects in...

Auctus Advisors

Chariot Limited (AIM: CHAR): Feasibility study as a first step to unlocking a mega green hydrogen project

The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania. Chariot holds a 50% interest in...

Auctus Advisors

Chariot Limited (AIM: CHAR): Milestone for the electricity trading business in South Africa

Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.

Auctus Advisors

Chariot Limited (AIM: CHAR):Onshore drilling to start in 1Q24

Drilling at Loukos in Morocco is expected to start around the end of 1Q24 with Chariot expecting the imminent approval of environment permit for up...

Auctus Advisors

Chariot Limited (AIM: CHAR): Like-minded farm-in partner to unlock Anchois

• The transaction consists of two tranches. Energean will initially acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively...

Auctus Advisors

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Market Cap (USDm)

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