AUCTUS ON FRIDAY - 27/06/2025
AUCTUS PUBLICATIONS________________________________________
New Zealand Energy (NZ CN)C: Financial update – New Zealand has received short term loans totalling C$0.48 mm from Charlestown Energy Partners and a company controlled by New Zealand’s Chairman. The loans, which were issued with an original issuance discount of 10%. are unsecured and non-convertible, with interest payable at 15% per annum and repayment is due on August 27, 2025, The company now intends to complete a private placement.
Zephyr Energy (ZPHR LN)C: Equity raise and acquisition – Zephyr has raised £10.5 mm of new equity at £0.03 per share. The proceeds of the raise will fund (1) a £5.4 mm acquisition of 0.6 mmboe 2P and ~400 boe/d net production in the Rocky Mountains and (2) working capital and capex through to first production at its flagship Paradox Basin development..
IN OTHER NEWS
________________________________________
AMERICAS
Diversified Energy (DEC LN/US): Partnership with Carlyle – Diversified and Carlyle have entered into a strategic partnership to invest in up to $2 bn in existing proved developed producing natural gas and oil assets across the United States.
NG Energy (GASX CN): Operating update in Colombia – Current gross production at Sinu-9 is 12 mmcf/d which is expected to be maintained throughout 2Q25 and increase to over 40 mmcf/d of production capacity in 3Q25. Overall net production in 1Q25 was 8.6 mmcf/d. The downhole obstruction at Maria Conchita could not be removed through fishing and a workover and recompletion of the Aruchara-3 well is required to return the well to its previous production volumes.
Touchstone Exploration (TXP LN/CN): ~2/3rd of proceeds from equity raise still outstanding – £10.325 mmm of the £15.375 mmm in gross proceeds from the private placement announced 16 May 2025 remains outstanding. The company believes that the outstanding funds could be received on 27 June 2025.
ASIA AND AUSTRALASIA
Repsol (REP SM): Selling asset in Indonesia – Repsol is selling its 24% WI in the Corridor Block in Indonesia to Medco Energi for US$425 mm. Corridor is a gas-producing asset located onshore Sumatra. In 2024, it contributed ~19,000 boe/d and 26 mmboe reserves to Repsol.
EUROPE
Aker BP (AKERBP NO)/Vaar Energi (VAR NO)/Shell (SHEL LN): Dry hole in Norway – The Rondeslottet exploration well was dry.
BlueNord (BNOR NO): Operating update in Denmark – Production in June to date was 44.5 mboe/d of which 21.7 mboe/d is from the base assets Dan, Gorm and Halfdan and ~22.8 mboe/d is from the Tyra hub.
Shell (SHEL LN): No deal with bp (BP LN) – Shell is not in talks to acquire bp. Shell has no intention of making an offer for BP.
Prospex Energy (PXEN LN): Equity raise for Spain – Prospex has raised ~£1 mm of new equity priced at 4.5 p per share. The proceeds will be allocated for the cash call for the Viura-1B well to fund the workover to resume production at the Viura field and to cover ordering long-lead items for the 2026 drilling campaign.
SUB-SAHARAN AFRICA
Afentra (AET LN): Potential new asset onshore Angola – Afentra has initialled a risk service contract concerning an operated interest in KON4 in the onshore Kwanza basin. Block KON4 covers 1,387 sqkm and is situated in a historically productive area of the onshore Kwanza basin, where 11 oil and 2 gas fields have been discovered and over 90 mmboe produced to date. The block features the Quenguela Norte field, estimated to hold over 200 mmbbl of discovered oil in place. The field achieved peak production of 12,000 bbl/d, with 42 mmbbl recovered before it was eventually shut-in and abandoned in 1999.
Helium One (HE1 LN): Helium resource update in Tanzania – Gross Helium 2C contingent resources at Itumbula have been estimated at 0.3 bcf. There are also 0.7 bcf U2 prospective resources.
Aker BP ASA engages in the exploration, development, and production of petroleum resources on the Norwegian Shelf. In addition, Co. has a separate Johan Sverdrup business unit to manage its interest.
BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.
Diversified Gas & Oil is an Appalachian Basin focused natural gas and crude oil operations company.
Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
Sintana Energy is a development stage company engaged in oil and gas exploration and development activities in the United States.
Sterling Energy, together with its subsidiary is an upstream oil and gas company. Co. is an operator of exploration and production licenses, with a primary geographic focus on Africa. Co. is primarily focused on the development of its Somaliland Odewayne block, and Mauritania C-10 exploration block. Co. holds 40% working interest in the Somaliland Odewayne exploration block. This unexplored frontier acreage position comprises an area of 22,840 sq. km. Co. holds 13.5% working interest in the Mauritania C-10 exploration block. Block C-10 covers an area of approximately 8,025 sq. km. As of Dec 31 2016, Co. had a total proven plus probable oil reserves of 73,000 barrels of oil equivalent.
Touchstone Exploration Inc., formerly Petrobank Energy and Resources Ltd., is an oil and gas exploration and production company. The Company's segments include Trinidad and Canada. The Company's core producing properties are located onshore within Trinidad. The Company's producing properties in Trinidad include Coora 1, Coora 2, New Dome, South Palo Seco, Barrackpore, Fyzabad, Icacos, Palo Seco and San Francique. The Company's exploratory properties in Trinidad include Bovallius, Moruga, New Grant, Ortoire, Otaheite, Piparo, Rousillac, Siparia and St. John. Its exploratory properties in Canada include Beadle, Druid, Luseland and Winter. The gross acres of the properties include approximately 106,604. The Company operates a total of approximately 370 wellbores on the Coora blocks. The New Dome block is located onshore in the southwest portion of Trinidad in the Ward of Siparia. The Barrackpore Block is located approximately 11 kilometers southeast of the city of San Fernando.
Rose Petroleum is an oil and gas (O&G) and mining company with exploration assets and an operational crushing and flotation mill. Co.'s principal activities are the exploration and development of O&G resources together with the evaluation and acquisition of other mineral exploration targets, principally gold, silver, uranium and copper, and the development and operation of mines in Mexico. In Co.'s O&G division, the area of focus is on two unconventional oil and gas basins in the U.S.: the Uinta Basin and the Paradox Basin. In its mining division, Co. continues its milling operations through its subsidiary, Minerales VANE S.A. de C.V., which owns the SDA Mill in Mexico.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.