Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

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 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>1Q23 production was 6,320 bbl/d (we expected 7,250 bbl/d) as the FPSO in Gabon was shut down for an extended period to complete the necessary final tie-in work of the Hibiscus Ruche Phase I development at the Dussafu Marin Permit.</li><li>Gross production in Gabon was 7 mbbl/d in the quarter (we assumed 10 mbbl/d).</li><li>Production ramp-up in Gabon 1Q23 gross production in Gabon was ~7 mbbl/d (Panoro WI: 17.5%).</li></ul>

1Q23 production was 6,320 bbl/d (we expected 7,250 bbl/d) as the FPSO in Gabon was shut down for an extended period to complete the necessary final tie-in work of the Hibiscus Ruche Phase I development at the Dussafu Marin Permit.Gross production in Gabon was 7 mbbl/d in the quarter (we assumed 10 mbbl/d).Production ramp-up in Gabon 1Q23 gross production in Gabon was ~7 mbbl/d (Panoro WI: 17.5%).

Panoro Energy ASA (OSE: PEN): 1Q23 financials in line