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>• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected.</li><li>Gas sales have commenced.</li><li> • The well initially flowed at estimated rates increasing from 2 to 5.5 mmcf/d during clean-up.</li></ul>

• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected.Gas sales have commenced. • The well initially flowed at estimated rates increasing from 2 to 5.5 mmcf/d during clean-up.

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A well test performance towards the upper end of expectations

<ul>
<li>The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.</li>
<li>An additional column of a further 8 to 12 m may be confirmed upon completion of log analyses.</li>
<li>This is above company expectations.</li>
</ul>


The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.
An additional column of a further 8 to 12 m may be confirmed upon completion of log analyses.
This is above company expectations.


New Zealand Energy Corp. (TSX-V: NZ): Better than expected results at Tariki-5A

<ul>
<li>The T-5 development well did not encounter the main reservoir target.</li>
<li>The fault delimiting the reservoir is interpreted to be shallower (worst case scenario) than in the base case.</li>
<li>The well will now be sidetracked to the west into the reservoir.</li>
</ul>


The T-5 development well did not encounter the main reservoir target.
The fault delimiting the reservoir is interpreted to be shallower (worst case scenario) than in the base case.
The well will now be sidetracked to the west into the reservoir.


New Zealand Energy Corp. (TSX-V: NZ): The Tariki-5 Well Needs to Be Sidetracked

<ul>
<li>Commencement of drilling operating at the high impact Tariki field is likely to be delayed by two weeks.</li>
<li>This has no impact on our valuation.</li>
<li>Our unrisked NAV for the Tariki-5 well is C$4.90 per share, including C$2.50 per share for the oil target and the balance for the low risk gas target (2P reserves).</li>
</ul>


Commencement of drilling operating at the high impact Tariki field is likely to be delayed by two weeks.
This has no impact on our valuation.
Our unrisked NAV for the Tariki-5 well is C$4.90 per share, including C$2.50 per share for the oil target and the balance for the low risk gas target (2P reserves).


New Zealand Energy Corp. (TSX-V: NZ): Unconsequential Delays to Drilling.

<ul>
<li>The Tariki-5 well continues to be expected to spud in early September.</li>
<li>Drilling operations are expected to take 28 days with production starting in late October or early November.</li>
<li>Initial production is expected to be around 6-8 mmcf/d growing to 20 mmcf/d within 10 months once New Zealand Energy has upgraded its facilities to comply with current safety and production standards.</li>
</ul>


The Tariki-5 well continues to be expected to spud in early September.
Drilling operations are expected to take 28 days with production starting in late October or early November.
Initial production is expected to be around 6-8 mmcf/d growing to 20 mmcf/d within 10 months once New Zealand Energy has upgraded its facilities to comply with current safety and production standards.


New Zealand Energy Corp. (TSX-V: NZ): Increasing Domestic Natural Gas Prices. Tariki-5 to Spud in September

New Zealand

New Zealand Energy Corp. is an oil and natural gas company. The Company is engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.

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New Zealand Energy (NZ CN)

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A well test performance towards the upper end of expectations

• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected. Gas sales have commenced. • The well initially...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Better than expected results at Tariki-5A

The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.An additional column of a further 8 to 12...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): The Tariki-5 Well Needs to Be Sidetracked

The T-5 development well did not encounter the main reservoir target. The fault delimiting the reservoir is interpreted to be shallower (worst case...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Unconsequential Delays to Drilling.

Commencement of drilling operating at the high impact Tariki field is likely to be delayed by two weeks. This has no impact on our valuation.

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Increasing Domestic Natural Gas Prices. Tariki-5 to Spud in September

The Tariki-5 well continues to be expected to spud in early September. Drilling operations are expected to take 28 days with production starting in...

Auctus Advisors

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