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

AUCTUS ON FRIDAY - 20.03.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.19 per share: New equity raise ahead of drilling in Austria – ADX has raised A$4.4 mm new equity at A$0.027 per share. Investors will also receive one option for every two new shares, with an exercise price of A$0.0405 per share. The proceeds will fund the HOCH‑1 shallow exploration well in Austria, which is expected to spud next month. The strengthened cash position also enables well‑site prep...

Stephane Foucaud
  • Stephane Foucaud

Valeura Energy (TSX: VLE): Beyond a simple production story

• FY25 production, YE25 reserves, and YE25 net cash positions have already been disclosed. Since the beginning of the conflict in Iran, the Dubai benchmark has outpaced Brent price with a current premium of US$40-50/bbl. Given the fiscal terms in Thailand, this has important positive implications for Valeura’s cashflow. • Valeura’s portfolio also contains several meaningful sources of upside that could be accelerated in the context of the current high oil price. We expect materially improved vis...

Stephane Foucaud
  • Stephane Foucaud

Corcel plc (AIM: CRCL): Equity raise to accelerate activities

• Corcel has raised £3.6 mm of new equity at a price of 0.40p with Investors also receiving one warrant per new share, exercisable at 0.70p per share. • The warrants include an accelerator clause: if the shares trade at or above 0.85p for 25 consecutive trading days, the company may issue notice requiring warrant holders to exercise within 30 days. • The additional capital enables Corcel to procure long‑lead items for the upcoming KON‑16 exploration well. This strengthens the company’s negotiat...

Stephane Foucaud
  • Stephane Foucaud

Vaalco Energy (NYSE: EGY): Restart of CI in a few weeks. Focus on Koss...

• The Baobab FPSO has arrived offshore South Africa and remains on schedule to reach Côte d’Ivoire in late March, keeping the planned 2Q26 restart on track. This milestone is critical to boost cash flow, particularly in the current high oil‑price environment. • 2P reserves are estimated at 90.6 mmboe. Excluding the 13.7 mmboe associated with the Canadian assets sold in 1Q26, YE25 WI 2P reserves of 76.9 mmboe represent a slight increase versus YE24. With minimal exploration spend, Vaalco replaced...

Stephane Foucaud
  • Stephane Foucaud

ADX Energy (ASX: ADX): New equity raise ahead of drilling in Austria

• ADX has raised A$4.4 mm new equity at A$0.027 per share. Investors will also receive one option for every two new shares, with an exercise price of A$0.0405 per share. • The proceeds will fund the HOCH‑1 shallow exploration well in Austria, which is expected to spud next month. The strengthened cash position also enables well‑site preparation and materials for two additional Austrian wells. • HOCH-1 is a 5.2–8.0 Bcf (P50–Pmean) prospect (2.6–4.0 Bcf net to ADX) with an upside case of 17.3 Bcf ...

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