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>4Q22 production of 10,374 bbl/d was above the guidance of 8.5-9.5 mbbl/d given in December.</li><li>YE22 production was 23,709 bbl/d.  Natural flow from well 12H has increased to 6.4 mbbl/d since 8 January.</li><li>Net of the repayment of the US$80 mm bond in 1Q23, we estimate that, at the mid point of the production guidance (14.5 mbbl/d), PetroTal will hold ~US$150-US$180 mm in net cash (calculated as cash minus debt) at YE23 (Brent: US$85-96/bbl).</li></ul>

4Q22 production of 10,374 bbl/d was above the guidance of 8.5-9.5 mbbl/d given in December.YE22 production was 23,709 bbl/d.  Natural flow from well 12H has increased to 6.4 mbbl/d since 8 January.Net of the repayment of the US$80 mm bond in 1Q23, we estimate that, at the mid point of the production guidance (14.5 mbbl/d), PetroTal will hold ~US$150-US$180 mm in net cash (calculated as cash minus debt) at YE23 (Brent: US$85-96/bbl).

PetroTal Corp (AIM: PTAL): >US$100 Mm Potentially Available for Shareholder Returns in 2023