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. 

Stephane Foucaud
  • Stephane Foucaud
OMV OMV AG
ENI ENI S.P.A. ... (+11)

AUCTUS ON FRIDAY - 10.04.2026

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.80 per share: Very high flow rate at latest hz well boosts reserves, production and exploration upside – The K‑46 horizontal well has delivered an excellent result, flowing at rates of up to 18.3 mmcf/d. It has been choked back to a stable 15.5 mmcf/d to mitigate the risk of gas‑hydrate formation. The flowing pressure of 1,235 psi is very high. With an initial reservoir pressure of 2,695 p...

Stephane Foucaud
  • Stephane Foucaud

Valeura Energy (TSX: VLE): Expect very material cashflow in 2Q26

• 1Q26 production averaged 22.3 mbbl/d, broadly in line with our 23 mbbl/d forecast. • Liftings occurred only in January and February, resulting in inventories rising from ~0.62 mmbbl at YE25 to ~1.23 mmbbl as of 31 March 2026. • This timing effect limited reported revenue to US$92.3 mm in 1Q26, but we expect a significant revenue uplift in 2Q26 as inventories unwind. Notably, 0.68 mmbbl were lifted in April at very strong prices. • From mid March until the declaration of cease fire in Iran, cru...

Stephane Foucaud
  • Stephane Foucaud

Condor Energies Inc. (TSX: CDR): Very high flow rate at latest hz well...

• The K‑46 horizontal well has delivered an excellent result, flowing at rates of up to 18.3 mmcf/d. It has been choked back to a stable 15.5 mmcf/d to mitigate the risk of gas‑hydrate formation. • The flowing pressure of 1,235 psi is very high. With an initial reservoir pressure of 2,695 psi—only 9% below virgin conditions—the data confirms that the pool remains largely undrained. The well’s absolute open‑flow potential is estimated at 67 mmcf/d. • The well is expected to be brought onstream n...

Stephane Foucaud
  • Stephane Foucaud

Panoro Energy ASA (OSE: PEN): Extending the Dussafu licence by up to 1...

• The Dussafu PSC term has been extended from 2038 to 2053. The fiscal terms for the extension remain unchanged from the current regime, and no additional work commitments have been imposed. This longer licence life has several positive implications for Panoro. • First, the extension allows existing production to run for several additional years. This increases the likelihood that a portion of the company’s 2C contingent resources can be reclassified into 2P reserves by YE26. It also prolongs ac...

Stephane Foucaud
  • Stephane Foucaud

GeoPark Limited (NYSE: GPRK): Discontinuing coverage

• We are discontinuing coverage on GeoPark Limited.

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