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

Sintana Energy Inc. (TSX-V: SEI): Pure play on the world’s exploration...

• ~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months. This is very material and is expected to attract the attention of investors. Sintana provides exposure to three out of the six licences with high impact drilling. • We believe that the recent weakness of Sintana’s share price offers an opportunity with an asymmetric risk/reward profile. • We estimate that Sintana’s current share price trades at a discount to the market value of i...

Stephane Foucaud
  • Stephane Foucaud

Panoro Energy ASA (OSE: PEN): Production reaching 13 mbbl/d. Two high ...

• There were no surprises in the 3Q24 accounts. • Since last week, WI production has increased from 12.5 mbbl/d to 13 mbbl/d. • Gross production in Gabon continues to be ~40 mbbl/d. Three further workovers for ESP installation are planned during 4Q24. The nameplate capacity of the FPSO could be increased by 10% to 44 mbbl/d. • Gross production in EG stands at 29 mbbl/d. The second infill well is starting production and could take overall gross production in EG to 35 mbbl/d. This new well could ...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 15/11/2024

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.70 per share: 1.9 mbbl/d at latest CN well. Water disposal infrastructure operational. High net cash – The fifth horizontal well at Carrizales Norte (CNB HZ-6) is producing 1.9 mbbl/d of oil (0.95 mbbl/d net to Arrow) with a water cut of 31%. The well reached TD ~ one month ago. After ~1 month of production, CNB HZ-1 and CNB HZ-3 were also producing >30% water with ~1 mbbl/d oil produ...

Stephane Foucaud
  • Stephane Foucaud

PetroTal Corp (AIM: PTAL): Production >21 mbbl/d. Buying a new rig wil...

• 3Q24 production was 15,203 bbl/d. This is in line with previous indications. The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet. • With the end of the dry season, production has rapidly increased from 10.7 mbbl/d during the first week of October to >21 mbbl/d currently. • PetroTal is buying a new rig that will be imported into Peru in 1Q25. Having a more modern rig will reduce downtime and minimize mobilization and...

Stephane Foucaud
  • Stephane Foucaud

Valeura Energy (TSX: VLE): High production in 4Q24. Launching a share ...

• The 3Q24 production and cash position at the end of September had been reported previously. • Production in September and October stood at ~26.4 mbbl/d. This is very high. The company expects production to be ~26 mbbl/d over 4Q24. We only assumed 24-25 mbbl/d. • The high production combined with (1) the settlement in early October of a 0.18 mmbbl lifting sold at the end of 3Q24 and (2) above average liftings in 4Q24 suggests high cashflow and free cashflow in 4Q24. As previously reported, Vale...

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