Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

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.

Equity Bottom-Up

<ul><li>• ADX has varied its acreage position to maximise exposure to a proven shallow gas play.</li><li>A total of seven drill-ready shallow gas play prospects exist within the ADX-AT-I and ADX-AT-II licence areas have been matured for drilling.</li><li>A further four gas prospects are being matured within its newly varied acreage areas.</li></ul>

• ADX has varied its acreage position to maximise exposure to a proven shallow gas play.A total of seven drill-ready shallow gas play prospects exist within the ADX-AT-I and ADX-AT-II licence areas have been matured for drilling.A further four gas prospects are being matured within its newly varied acreage areas.

ADX Energy (ASX: ADX): Focus on the shallow gas prospects

<ul>
<li>ADX has now matured 13 shallow gas prospects across the ADX-AT-I and ADX-AT-II licence areas in Austria.</li>
<li>The play is proven, supported by historical discoveries within the basin.</li>
<li>Nearby historical discoveries in the area have produced 220 bcf to date.</li>
</ul>


ADX has now matured 13 shallow gas prospects across the ADX-AT-I and ADX-AT-II licence areas in Austria.
The play is proven, supported by historical discoveries within the basin.
Nearby historical discoveries in the area have produced 220 bcf to date.


ADX Energy: Adding Four Low Risk Drill-Ready Shallow Gas Prospects to Start Drilling by YE25

<ul>
<li>1Q25 net production was 246 boe/d. This is in line with our expectations. ADX held A$6.7 mm in cash at the end of March.</li>
<li>ADX is prioritizing production growth in Austria, with plans to advance up to 12 shallow gas prospects across ADX-AT-I and ADX-AT-II where it has varied its exploration acreage to maximise exposure to the proven gas play.</li>
<li>The company aims to secure a partner for the first cluster of three prospects in 3Q25, with two of these wells potentially being drilled in 4Q25. </li>
</ul>


1Q25 net production was 246 boe/d. This is in line with our expectations. ADX held A$6.7 mm in cash at the end of March.
ADX is prioritizing production growth in Austria, with plans to advance up to 12 shallow gas prospects across ADX-AT-I and ADX-AT-II where it has varied its exploration acreage to maximise exposure to the proven gas play.
The company aims to secure a partner for the first cluster of three prospects in 3Q25, with two of these wells potentially being drilled in 4Q25. 


ADX Energy (ASX: ADX): Readying-up the portfolio to return to drilling in 4Q, 2025

<ul>
<li>ADX’s acreage in Austria has been modified to include additional near-term, low-risk gas prospects, as well as high-impact, higher-risk opportunities.</li>
<li>One focus of the 2025 program is to drill shallow, low-risk, high initial production gas prospects that can be rapidly put into production.</li>
<li>ADX has more than tripled the number of these prospects within its revised acreage positions at ADX-AT-I and ADX-AT-II, holding 100% WI in the new prospects.</li>
</ul>


ADX’s acreage in Austria has been modified to include additional near-term, low-risk gas prospects, as well as high-impact, higher-risk opportunities.
One focus of the 2025 program is to drill shallow, low-risk, high initial production gas prospects that can be rapidly put into production.
ADX has more than tripled the number of these prospects within its revised acreage positions at ADX-AT-I and ADX-AT-II, holding 100% WI in the new prospects.


ADX Energy (ASX: ADX): New acreage in Austria increases prospect inventory with a focus on low risk

<ul>
<li>ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2.</li>
<li>ADX applied for the permit in 2018, but the moratorium on awarding new exploration blocks in Italy was only lifted last year.</li>
<li>ADX will become a licensed operator in Italy as well as Austria and Romania.</li>
</ul>


ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2.
ADX applied for the permit in 2018, but the moratorium on awarding new exploration blocks in Italy was only lifted last year.
ADX will become a licensed operator in Italy as well as Austria and Romania.


ADX Energy (ASX: ADX): Permit award in Italy opens a new growth area

Australia

ADX Energy Ltd. explores for oil and natural gas.  The Company operates onshore and offshore in Tunisia, offshore in Italy, and onshore in Australia.

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ADX Energy Ltd (ADX AU)

ADX Energy (ASX: ADX): Focus on the shallow gas prospects

• ADX has varied its acreage position to maximise exposure to a proven shallow gas play. A total of seven drill-ready shallow gas play prospects...

Auctus Advisors

ADX Energy: Adding Four Low Risk Drill-Ready Shallow Gas Prospects to Start Drilling by YE25

ADX has now matured 13 shallow gas prospects across the ADX-AT-I and ADX-AT-II licence areas in Austria. The play is proven, supported by...

Auctus Advisors

ADX Energy (ASX: ADX): Readying-up the portfolio to return to drilling in 4Q, 2025

1Q25 net production was 246 boe/d. This is in line with our expectations. ADX held A$6.7 mm in cash at the end of March.

Auctus Advisors

ADX Energy (ASX: ADX): New acreage in Austria increases prospect inventory with a focus on low risk

ADX’s acreage in Austria has been modified to include additional near-term, low-risk gas prospects, as well as high-impact, higher-risk opportunities.

Auctus Advisors

ADX Energy (ASX: ADX): Permit award in Italy opens a new growth area

ADX has been offered and accepted the “d 363 C.R-.AX” permit in the Sicily Channel, offshore Italy, covering a maximum area of 346 km2.

Auctus Advisors

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