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 - 02.06.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy Exploration (ADX AU)C; Target price of A$0.20 per share: Momentum accelerating. Potential resources increase in Austria – The Welchau‑1 well is scheduled for re‑entry in February to test the Reifling reservoir. An acid stimulation will be performed on the perforated interval to address wellbore damage and improve productivity in the carbonate section. The operation should also yield additional insight into the deeper Welchau...

Stephane Foucaud
  • Stephane Foucaud

Vaalco Energy (NYSE: EGY): Much stronger balance sheet than expected. ...

• Vaalco has agreed to divest its Canadian producing assets for US$25.6 mm, effective 1 February 2026. • Although the price is below our expectations, the Canadian portfolio is non‑core. In the context of (1) growing resource potential in Egypt following the successful H‑field exploration well in the Eastern Desert, and (2) the capital requirements associated with developing the Equatorial Guinea assets—where we estimate total project capex at approximately US$350 mm—we view the decision to recy...

Stephane Foucaud
  • Stephane Foucaud

ADX Energy (ASX: ADX): Adding materiality to Welchau

• The continuous hydrocarbon shows and light oil recovered at Welchau‑1 indicate the presence of a light‑oil system within the broader Welchau anticline as well as a deeper gas condensate system in pressure communication with the historic Molln-1 gas discovery. • The latest mapping indicates the crest of Welchau structure is 500 m updip of Welchau-1 which ADX estimates to contain 11.7 mmbbl of P50 prospective resources (Pmean of 17.7 mmbbl). • The latest mapping also indicates the Welchau gas‑c...

Stephane Foucaud
  • Stephane Foucaud

Sintana Energy Inc. (TSX-V: SEI): Resolution of Colombia arbitration w...

• Sintana has reached a settlement with ExxonMobil regarding the arbitration related to the VMM‑37 block in Colombia. Under the agreement, Sintana will receive a total of US$9 million in cash, including an initial US$3 mm payment due within 60 days of execution (we assume receipt in April). • The remaining US$6 mm payment is contingent on regulatory approval in Colombia. For modelling purposes, we assume this will be received in 4Q26. • This settlement meaningfully strengthens Sintana’s balance ...

Stephane Foucaud
  • Stephane Foucaud

ADX Energy (ASX: ADX): Momentum accelerating. Potential resources incr...

• The Welchau‑1 well is scheduled for re‑entry in February to test the Reifling reservoir. An acid stimulation will be performed on the perforated interval to address wellbore damage and improve productivity in the carbonate section. The operation should also yield additional insight into the deeper Welchau Deep gas prospect and a potential up‑dip oil accumulation. Further drilling could occur during the 2026/27 winter season. • Drilling at the HOCH‑1 shallow prospect is expected to begin in Mar...

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