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 Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now back online.</li><li>Each well is expected to reach 4,000 bbl/d gross production (8,000 bbl/d gross total, 2,400 bbl/d net to GeoPark).</li><li>The total gross production of both wells could reach 9,000 bbl/d by YE23.</li></ul>

• The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now back online.Each well is expected to reach 4,000 bbl/d gross production (8,000 bbl/d gross total, 2,400 bbl/d net to GeoPark).The total gross production of both wells could reach 9,000 bbl/d by YE23.

GeoPark Limited (NYSE: GPRK): CPO-5 wells back online. Multiple discoveries in Colombia and Ecuador

<ul><li>• 2Q23 production of 36,581 boe/d and cash at the end of June had already been reported. • The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia continue to be expected to return to production in August.</li><li>The Vasconia discount in Colombia has now decreased to ~US$3.5/bbl but it was between US$8.4/bbl and U$5.9/bbl in 2Q23.</li></ul>

• 2Q23 production of 36,581 boe/d and cash at the end of June had already been reported. • The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia continue to be expected to return to production in August.The Vasconia discount in Colombia has now decreased to ~US$3.5/bbl but it was between US$8.4/bbl and U$5.9/bbl in 2Q23.

GeoPark Limited (NYSE: GPRK): Discoveries in Colombia and Ecuador. Important drilling results over coming quarters

Thematic (Sector/Industry)

<ul>
<li>Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales Norte B Pad Horizontal Well 1.</li>
<li>This is the first horizontal well drilled in the Ubaque on Tapir.</li>
<li>Three more horizontal wells will be drilled on the pad.</li>
</ul>


Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales Norte B Pad Horizontal Well 1.
This is the first horizontal well drilled in the Ubaque on Tapir.
Three more horizontal wells will be drilled on the pad.


<ul>
<li>GeoPark (GPRK US)C; target price of US$26 per share: More favourable offtake contract in Colombia – GeoPark has signe da new offtake contract with Vitol for a minimum of 20 mbbl/d.</li>
<li>The agreement improves GeoPark’s price realizations by US$0.15/bbl vs the current agreement.</li>
<li>As part of this transaction, GeoPark will obtain immediate access to committed funding from Vitol for up to US$300 mm, with an option to increase by another US$200 mm for a total of US$500 mm, in prepaid future oil sales over the period of the offtake contract.</li>
</ul>


GeoPark (GPRK US)C; target price of US$26 per share: More favourable offtake contract in Colombia – GeoPark has signe da new offtake contract with Vitol for a minimum of 20 mbbl/d.
The agreement improves GeoPark’s price realizations by US$0.15/bbl vs the current agreement.
As part of this transaction, GeoPark will obtain immediate access to committed funding from Vitol for up to US$300 mm, with an option to increase by another US$200 mm for a total of US$500 mm, in prepaid future oil sales over the period of the offtake contract.


Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<ul><li>The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the country’s oil &amp; gas industry.</li><li>This report is the third in a three-part WTR Energy Focus series on Colombia. It follows Oil &amp; Gas Operators Guiding for Bottom-Up Growth… and Striking a Balance Between Energy Security and Fiscal Stability.</li><li>Colombia’s natural gas demand will increase due to an energy transition and upstream operators with gas exposure realizing strong gas prices in an undersupplied market (as shown on right).</li></ul>

The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the country’s oil &amp; gas industry.This report is the third in a three-part WTR Energy Focus series on Colombia. It follows Oil &amp; Gas Operators Guiding for Bottom-Up Growth… and Striking a Balance Between Energy Security and Fiscal Stability.Colombia’s natural gas demand will increase due to an energy transition and upstream operators with gas exposure realizing strong gas prices in an undersupplied market (as shown on right).

Energy Focus: Colombia Series (3 of 3) - The Path to Net Zero and Implications for Oil & Gas

Colombia

Geopark Limited is an oil and gas exploration and production company. The Company has operating and production properties in Chile, Colombia, Brazil and Argentina.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Geopark Ltd (GPRK US)

GeoPark Limited (NYSE: GPRK): CPO-5 wells back online. Multiple discoveries in Colombia and Ecuador

• The Indico 6 and Indico 7 wells in the CPO-5 block in Colombia are now back online. Each well is expected to reach 4,000 bbl/d gross production...

Auctus Advisors

GeoPark Limited (NYSE: GPRK): Discoveries in Colombia and Ecuador. Important drilling results over coming quarters

• 2Q23 production of 36,581 boe/d and cash at the end of June had already been reported. • The Indico 6 and Indico 7 wells in the CPO-5 block in...

Auctus Advisors

AUCTUS ON FRIDAY - 17/05/2024

Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales...

Auctus Advisors

AUCTUS ON FRIDAY - 10/05/2024

GeoPark (GPRK US)C; target price of US$26 per share: More favourable offtake contract in Colombia – GeoPark has signe da new offtake contract with...

Auctus Advisors

Energy Focus: Colombia Series (3 of 3) - The Path to Net Zero and Implications for Oil & Gas

The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the...

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)