AUCTUS ON FRIDAY - 04/04/2025
AUCTUS PUBLICATIONS________________________________________
Pulsar Helium (PLSR LN/CN)C; Target price of £0.85 per share: Starting helium well test at Topaz – Well-testing activities at Jetstream #1 and Jetstream #2 at the Topaz project have started. Well-testing activities are expected to occur in two sequential phases, the initial phase will focus on flow testing at the Jetstream #1 and Jetstream #2 appraisal wells, followed by a second phase of extended pressure build-up monitoring. The initial phase of flow testing is expected to continue over approximately four weeks. The second phase will consist of extended pressure build-up monitoring through the end of June. Our unrisked NAV for Topaz is £2.63 per share.
IN OTHER NEWS
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AMERICAS
Alvopetro Energy (ALV CN): Production update in Brazil – Sales volumes in March were 2,580 boe/d.
Blue Star Helium (BNL AU)/ Helium One (HE1 LN): Drilling results at helium project in USA – The Jackson-4 well at Galactica-Pegasus flowed 0.19 mmcf/d of raw gas with 1.18% helium and 85.93% CO2.
GeoPark (GPRK US): Selling small assets in Colombia and Argentina – GeoPark is selling its interests in Llanos 32 and Manati for an aggregate total consideration of US$20 mm net of US$12 mm liabilities.
New Stratum Energy (NSE CN): Raising new equity for Ecuador acquisition – New Stratum has raised ~US$120 mm of new equity at a price of C$0.30 per share. The proceeds will fund the acquisition of 50% WI in the Sacha Block with ~77 mbbl/d production.
Nostra Terra (NTOG CN): Operating update in USA – Net oil production is ~130 bbl/d. Oil production from Pine Mills, currently at 90 bbl/d net, is expected to increase to between 100 and 135 bbl/d net on completion in a fortnight following field electrical upgrades.
Shell (SHEL LN): Selling US assets – Shell is selling 16.125% interest in Colonial Enterprises to Brookfield Infrastructure Partners for US$1.45 bn.
EVENTS TO WATCH NEXT WEEK
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07/04/2025 – Repsol (REP SM): 1Q25 update
08/04/2025 – OMV (OMV AG): 1Q25 update
10/04/2025 – PetroTal (PTAL LN/TAL CN): 1Q25 update
Week of the 07/04/2025 – GeoPark (GPRK US): 1Q25 update
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.
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