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>ADX Energy (ADX AU)C ; target price of A$0.80 per share: Equity raise to fund increased WI in Anshof – ADX is raising A$4.2 mm of new equity plus up to A$1 mm through an offer to shareholders at a price of A$0.10 per share.</li>
<li>Subscribers will also receive half a warrant with an exercise price of A$0.16 per share.</li>
<li>The capital injection will provide funding for ADX’s increased interest in Anshof (from 50-60%) following the decision of Xstate Resources not to participate in the upcoming programme as well as funding for the Welchau-1 gas well (50% funded by MCF Energy) which ADX expects to spud in January 2024 after an anticipated environmental clearance.</li>
</ul>


ADX Energy (ADX AU)C ; target price of A$0.80 per share: Equity raise to fund increased WI in Anshof – ADX is raising A$4.2 mm of new equity plus up to A$1 mm through an offer to shareholders at a price of A$0.10 per share.
Subscribers will also receive half a warrant with an exercise price of A$0.16 per share.
The capital injection will provide funding for ADX’s increased interest in Anshof (from 50-60%) following the decision of Xstate Resources not to participate in the upcoming programme as well as funding for the Welchau-1 gas well (50% funded by MCF Energy) which ADX expects to spud in January 2024 after an anticipated environmental clearance.


Equity Bottom-Up

<ul>
<li>Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s hottest exploration spots.</li>
<li>Exploration drilling is about to start on Sintana’s blocks, with at least 4 wells expected from 4Q23 to 4Q24.</li>
<li>Sintana holds an effective 4.9% interest in block PEL 83, located just north of Shell’s &gt;5 bnbbl discoveries.</li>
</ul>


Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s hottest exploration spots.
Exploration drilling is about to start on Sintana’s blocks, with at least 4 wells expected from 4Q23 to 4Q24.
Sintana holds an effective 4.9% interest in block PEL 83, located just north of Shell’s &gt;5 bnbbl discoveries.


Sintana Energy Inc. (TSX-V: SEI): Initiating Coverage

Canada

Sintana Energy Inc. produces and distributes petroleum products. The Company acquires, develops, explores, and produces oil and gas. Sintana Energy serves customers in North and South America.

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Sintana Energy (SEI CN)

Auctus on Friday - 24/11/2023

Equity raise to fund increased WI in Anshof – ADX is raising A$4.2 mm of new equity plus up to A$1 mm through an offer to shareholders at a price...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Initiating Coverage

Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s...

Auctus Advisors

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