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 funding package associated with the acquisition of Mont d’Or (MOPL) has been upsized from C$15.3 mm to C$18.9 mm.</li>
<li>This comprises C$12.2 mm of convertible (C$10 mm previously) and C$6.7 mm of new equity (C$5.3 mm previously).</li>
<li>The convertible holder will also be issued 76.25 mm warrants (62.5 mm previously) at an exercise price C$0.14/sh.</li>
</ul>


The funding package associated with the acquisition of Mont d’Or (MOPL) has been upsized from C$15.3 mm to C$18.9 mm.
This comprises C$12.2 mm of convertible (C$10 mm previously) and C$6.7 mm of new equity (C$5.3 mm previously).
The convertible holder will also be issued 76.25 mm warrants (62.5 mm previously) at an exercise price C$0.14/sh.


Criterium Energy Ltd (TSX-V: CEQ): Funding for Indonesia acquisition upsized

Thematic (Sector/Industry)

<ul>
<li>Criterium Energy (CEQ CN)C ; target price of C$0.45 per share: Transactions repriced on more attractive terms – Criterium has renegotiated the terms of the Mont d’Or (MOPL) acquisition.</li>
<li>Criterium will now assume only ~US$25.5 mm of debt rather than ~US$37 mm previously.</li>
<li>A US$4.8 mm payment to the lenders and the conversion of US$4.9 mm of debt into equity (US$2.5 mm on completion of the acquisition plus US$2.4 mm in 2025) reduce further the existing debt to ~US$15.8 mm at closing. </li>
</ul>


Criterium Energy (CEQ CN)C ; target price of C$0.45 per share: Transactions repriced on more attractive terms – Criterium has renegotiated the terms of the Mont d’Or (MOPL) acquisition.
Criterium will now assume only ~US$25.5 mm of debt rather than ~US$37 mm previously.
A US$4.8 mm payment to the lenders and the conversion of US$4.9 mm of debt into equity (US$2.5 mm on completion of the acquisition plus US$2.4 mm in 2025) reduce further the existing debt to ~US$15.8 mm at closing. 


<ul>
<li>Criterium has renegotiated the terms of the Mont d’Or (MOPL) acquisition.</li>
<li>Tourmalet (a subsidiary of Provident Capital Partners, the seller of MOPL) will, as before, be issued US$1 mm in Criterium shares at closing.</li>
<li>Criterium is raising new capital of C$15.3 mm, comprising C$10 mm of convertible debt plus C$5.3 mm of new equity.</li>
</ul>


Criterium has renegotiated the terms of the Mont d’Or (MOPL) acquisition.
Tourmalet (a subsidiary of Provident Capital Partners, the seller of MOPL) will, as before, be issued US$1 mm in Criterium shares at closing.
Criterium is raising new capital of C$15.3 mm, comprising C$10 mm of convertible debt plus C$5.3 mm of new equity.


Criterium Energy Ltd (TSX-V: CEQ): Transactions repriced on more attractive terms

<ul>
<li>Criterium Energy (CEQ CN) C; target price of C$0.55 per share: Financing priced – The C$22 mm offering for the acquisition of Mont D’Or Petroleum has been priced at C$0.20 per subscription receipt.</li>
<li>Each subscription receipt will convert into a unit comprising one share and one warrant with an exercise price of C$0.25 per share valid for 36 months.</li>
<li>On completion of the acquisition, Criterium will hold 1,050 bbl/d long life and high netback production and 4.7 mmbbl 2P reserves across 2 PSCs in Indonesia (Tungkal in South Sumatra and West Salawati in Southwest Papua). </li>
</ul>


Criterium Energy (CEQ CN) C; target price of C$0.55 per share: Financing priced – The C$22 mm offering for the acquisition of Mont D’Or Petroleum has been priced at C$0.20 per subscription receipt.
Each subscription receipt will convert into a unit comprising one share and one warrant with an exercise price of C$0.25 per share valid for 36 months.
On completion of the acquisition, Criterium will hold 1,050 bbl/d long life and high netback production and 4.7 mmbbl 2P reserves across 2 PSCs in Indonesia (Tungkal in South Sumatra and West Salawati in Southwest Papua). 


<ul><li>• The C$22 mm offering for the acquisition of Mont D’Or Petroleum has been priced at C$0.20 per subscription receipt.</li><li>Each subscription receipt will convert into a unit comprising one share and one warrant with an exercise price of C$0.25 per share valid for 36 months.</li><li>With operating netbacks of ~US$38/bbl at US$75/bbl Brent, the assets are very low risk and very resilient to a low oil price.</li></ul>

• The C$22 mm offering for the acquisition of Mont D’Or Petroleum has been priced at C$0.20 per subscription receipt.Each subscription receipt will convert into a unit comprising one share and one warrant with an exercise price of C$0.25 per share valid for 36 months.With operating netbacks of ~US$38/bbl at US$75/bbl Brent, the assets are very low risk and very resilient to a low oil price.

Criterium Energy Ltd (TSX-V: CEQ): Initiating Coverage

Canada

Criterium Energy Ltd. is a mineral exploration and mining company. The Company mines for oil and gas in southern Turkey. Criterium Energy also mines for diamonds, gold, and base metals in Greenland.

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Criterium Energy (CEQ CN)

Criterium Energy Ltd (TSX-V: CEQ): Funding for Indonesia acquisition upsized

• The funding package associated with the acquisition of Mont d’Or (MOPL) has been upsized from C$15.3 mm to C$18.9 mm. • This comprises C$12.2 mm...

Auctus Advisors

Auctus on Friday - 29/09/2023

Criterium Energy (CEQ CN)C ; target price of C$0.45 per share: Transactions repriced on more attractive terms – Criterium has renegotiated the...

Auctus Advisors

Criterium Energy Ltd (TSX-V: CEQ): Transactions repriced on more attractive terms

Tourmalet (a subsidiary of Provident Capital Partners, the seller of MOPL) will, as before, be issued US$1 mm in Criterium shares at closing.

Auctus Advisors

Auctus on Friday - 07/07/2023

Criterium Energy (CEQ CN) C; target price of C$0.55 per share: Financing priced – The C$22 mm offering for the acquisition of Mont D’Or Petroleum...

Auctus Advisors

Criterium Energy Ltd (TSX-V: CEQ): Initiating Coverage

• The C$22 mm offering for the acquisition of Mont D’Or Petroleum has been priced at C$0.20 per subscription receipt. Each subscription receipt...

Auctus Advisors

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