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>.Chariot (CHAR LN) C ; Target price £0.45 per share: Commencing drilling operations at high impact well in Morocco – Drilling operations have commenced on the Anchois East well (now named Anchois-3). The well has three objectives.</li>
<li>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. A side-track will then be drilled to intersect and further evaluate the discovered gas sands in the Anchois field, with a current gross 2C Contingent Resource estimate of 637 bcf, in the eastern part of the main fault block of the field. </li>
</ul>


.Chariot (CHAR LN) C ; Target price £0.45 per share: Commencing drilling operations at high impact well in Morocco – 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. A side-track will then be drilled to intersect and further evaluate the discovered gas sands in the Anchois field, with a current gross 2C Contingent Resource estimate of 637 bcf, in the eastern part of the main fault block of the field. 


Equity Bottom-Up

<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

<ul><li>• Chariot has received approval for its Environmental Impact Assessment (EIA) for the Anchois project. • The EIA covers all aspects of the development including future wells and offshore infrastructure, the onshore Central Processing Facility and the link to the GME pipeline.</li><li>Positive news would also have a beneficial impact on the attractiveness of Morocco for the oil and gas sector.</li></ul>

• Chariot has received approval for its Environmental Impact Assessment (EIA) for the Anchois project. • The EIA covers all aspects of the development including future wells and offshore infrastructure, the onshore Central Processing Facility and the link to the GME pipeline.Positive news would also have a beneficial impact on the attractiveness of Morocco for the oil and gas sector.

Chariot Limited (AIM: CHAR): EIA awarded at Anchois. Imminent partner on track

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)

AUCTUS ON FRIDAY - 16/08/2024

Commencing drilling operations at high impact well in Morocco – Drilling operations have commenced on the Anchois East well (now named Anchois-3).

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

Chariot Limited (AIM: CHAR): EIA awarded at Anchois. Imminent partner on track

• Chariot has received approval for its Environmental Impact Assessment (EIA) for the Anchois project. • The EIA covers all aspects of the...

Auctus Advisors

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