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

Pharos Energy Plc (LSE: PHAR): Return to production growth in Vietnam

• FY24 production and YE24 net cash have already been reported. • The FY25 production guidance of 5.0-6.2 mboe/d is unchanged. However the highlight of the press release is the upcoming programme in Vietnam. • The FY25 capex guidance has increased to US$37–66 mm, up from the previous US$33 mm. The minimum programme includes drilling the TGT appraisal commitment well (18X) and procuring long-lead items for three TGT infill wells and two CNV wells (one appraisal well, 5X, and one infill well), sc...

Stephane Foucaud
  • Stephane Foucaud

Valeura Energy (TSX: VLE): FY24 results in line. Additional reserves e...

• FY24 production, YE24 reserves and YE24 net cash had been reported previously. The FY25 guidance has been re-iterated. • Production in March to date at Manora was 2.9 mbbl/d. • FID for the Wassana redevelopment is still anticipated in early 2Q25, with first oil expected in early-2027. A significant portion of the 10.6 mmbbl low-risk contingent resources at Wassana will be converted into 2P reserves upon FID. • 10 development and appraisal wells are currently planned for the Jasmine field in 2...

Stephane Foucaud
  • Stephane Foucaud

Pulsar Helium Inc. (TSX-V: PLSR): Accessing project finance rather tha...

• Pulsar has signed a term sheet for a US$4 mm project finance facility set to mature in March 2026. The facility will bear interest at 12% per annum on any drawn amounts, with a 2% utilization fee on draws, which will be reimbursable at maturity. • We understand that Pulsar will be able to draw on this facility imminently. • This highlights the quality of the Topaz asset. Accessing project finance at this stage underscores its value, as such funding is typically only available closer to FID. •...

Stephane Foucaud
  • Stephane Foucaud

Condor Energies Inc. (TSX: CDR): Production rises again. Maiden reserv...

• 4Q24 production in Uzbekistan was 10,511 (in line) rising to 12,019 boe/d in March-to-date and 12,288 boe/d in the past five days following the third successful workover in the area. At least six additional well candidates with similar geological characteristics have been identified, expected to further boost production. Multiple other independent workovers candidates being matured. • Since taking operatorship, Condor has completed 20 workovers with over 100 remaining candidates identified. Du...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 21/03/2025

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.10 per share: Significant power transaction highlights the value of the S. Africa electricity trading business – Etana Energy, the South African electricity trading business (49% held by Chariot) has arranged a US$55 mm guarantee finance facility through Standard Bank and secured an equity investment of up to US$20 mm from Norfund for working capital. In exchange, Standard Bank and Norfund will ho...

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