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>FY22 production of ~7.5 mbbl/d and YE22 net debt of US$47 mm had already been reported.</li><li>4Q22 gross production in Tunisia of 4,612 bbl/d was particularly high as 15 wells are now in production.</li><li>The focus for 2023 is to grow production and the FY23 production guidance of 9-11 mbbl/d with 7.0-7.5 mbbl/d in 1Q23 increasing to at least 12.5 mbbl/d (when all six new production wells at the Hibiscus/Ruche Phase I development are onstream) has been re-iterated.</li></ul>

FY22 production of ~7.5 mbbl/d and YE22 net debt of US$47 mm had already been reported.4Q22 gross production in Tunisia of 4,612 bbl/d was particularly high as 15 wells are now in production.The focus for 2023 is to grow production and the FY23 production guidance of 9-11 mbbl/d with 7.0-7.5 mbbl/d in 1Q23 increasing to at least 12.5 mbbl/d (when all six new production wells at the Hibiscus/Ruche Phase I development are onstream) has been re-iterated.

Panoro Energy ASA (OSE: PEN): >65% production increase expected during 2023