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 Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.</li>
<li>AIDECOBAP has also released the Peruvian and Brazilian oil convoys.</li>
<li>More on the blockade resolution In return for lifting the blockade, AIDECOBAP signed an alliance act with the Regional Governor, Perupetro and Puinahua’s District Municipality.</li>
</ul>


The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.
AIDECOBAP has also released the Peruvian and Brazilian oil convoys.
More on the blockade resolution In return for lifting the blockade, AIDECOBAP signed an alliance act with the Regional Governor, Perupetro and Puinahua’s District Municipality.


PetroTal Corp (AIM: PTAL): River blockade lifted. 22 mbbl/d production

<ul><li>The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has started a violent blockade in the Puinahua Canal against all ships providing services to PetroTal, preventing the monetization of oil production.</li><li>Already US$8 mm has been accumulated in a social fund by PetroTal in a restricted bank account.</li><li>At YE24, the net working capital would be ~US$165 mm net of a further dividend distribution of US$55 mm in 2024.</li></ul>

The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has started a violent blockade in the Puinahua Canal against all ships providing services to PetroTal, preventing the monetization of oil production.Already US$8 mm has been accumulated in a social fund by PetroTal in a restricted bank account.At YE24, the net working capital would be ~US$165 mm net of a further dividend distribution of US$55 mm in 2024.

PetroTal Corp (AIM: PTAL): Another (Probably Short Lived) River Blockade

<ul><li>Production continues to be very high, averaging ~21 mbbl/d in April and ~21.14 mbbl/d so far in May.</li><li>We understand that April sales matched production, which demonstrates that the Brazil export route is working well.</li><li>Given the high production so far in 2Q23 (leading us to increase our forecast from 17 mbbl/d to 18.5 mbbl/d), the FY23 production guidance of 14 15 mbbl/d looks increasingly conservative.</li></ul>

Production continues to be very high, averaging ~21 mbbl/d in April and ~21.14 mbbl/d so far in May.We understand that April sales matched production, which demonstrates that the Brazil export route is working well.Given the high production so far in 2Q23 (leading us to increase our forecast from 17 mbbl/d to 18.5 mbbl/d), the FY23 production guidance of 14 15 mbbl/d looks increasingly conservative.

PetroTal Corp (AIM: PTAL): Another strong quarter with continued high production

<ul><li>1Q23 production was 12,618 bbl/d, above our expectations of 11,500 bbl/d.</li><li>Oil sales continued to be very high in March at 21,500 bbl/d with 19,565 bbl/d sold through Brazil and the balance to Iquitos, with production averaging &gt; 20 mbbl/d for more than 60 consecutive days.</li><li>Well 14H has been put in production at a rate of 3 mbbl/d constrained by export route capacity.</li></ul>

1Q23 production was 12,618 bbl/d, above our expectations of 11,500 bbl/d.Oil sales continued to be very high in March at 21,500 bbl/d with 19,565 bbl/d sold through Brazil and the balance to Iquitos, with production averaging &gt; 20 mbbl/d for more than 60 consecutive days.Well 14H has been put in production at a rate of 3 mbbl/d constrained by export route capacity.

PetroTal Corp (AIM: PTAL): High Production. More Free Cash Flow than Expected.

<ul><li>YE22 net cash and 4Q22 production had already been reported.</li><li>Production continues to be very high with 20,500 bbl/d production to date during March.</li><li>Comparing dividend yield across the sector PetroTal’s dividend yield of ~13% is one of the highest of the sector.</li></ul>

YE22 net cash and 4Q22 production had already been reported.Production continues to be very high with 20,500 bbl/d production to date during March.Comparing dividend yield across the sector PetroTal’s dividend yield of ~13% is one of the highest of the sector.

PetroTal Corp - Generous Capital Return: 10% Buyback Plus ~13% Dividend Yield

United States

PetroTal Corp. operates as an oil and gas development and production company. The Company focuses on acquisition, development, and exploration of material oil assets. PetroTal serves customers in North and South America. ... More

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

PetroTal (PTAL LN)

PetroTal Corp (AIM: PTAL): River blockade lifted. 22 mbbl/d production

The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.

Auctus Advisors

PetroTal Corp (AIM: PTAL): Another (Probably Short Lived) River Blockade

This river access disruption coincides with planned production reductions to tie in previously installed infrastructure. Production in June to date...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Another strong quarter with continued high production

Given the high production so far in 2Q23 (leading us to increase our forecast from 17 mbbl/d to 18.5 mbbl/d), the FY23 production guidance of 14 15...

Auctus Advisors

PetroTal Corp (AIM: PTAL): High Production. More Free Cash Flow than Expected.

1Q23 production was 12,618 bbl/d, above our expectations of 11,500 bbl/d. Oil sales continued to be very high in March at 21,500 bbl/d with 19,565...

Auctus Advisors

PetroTal Corp - Generous Capital Return: 10% Buyback Plus ~13% Dividend Yield

YE22 net cash and 4Q22 production had already been reported. Production continues to be very high with 20,500 bbl/d production to date during March.

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)