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>The Welchau‑1 well is scheduled for re‑entry in February to test the Reifling reservoir.</li>
<li>An acid stimulation will be performed on the perforated interval to address wellbore damage and improve productivity in the carbonate section.</li>
<li>The operation should also yield additional insight into the deeper Welchau Deep gas prospect and a potential up‑dip oil accumulation.</li>
</ul>


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.


ADX Energy (ASX: ADX): Momentum accelerating. Potential resources increase in Austria

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: HOCH-1 potentially larger than expected – Pressure‑build‑up analysis from the first Hall zone at HOCH‑1 indicates stronger reservoir productivity, supporting a potential flow rate of ~3.5 mmcf/d versus the actual test rate of 2.7 mmcf/d.</li><li>The sand body is also estimated to extend at least 600 m from the HOCH‑1 wellbore.</li><li>Recently reprocessed pre‑stack depth‑migrated 3D seismic has refined the mapping of the Hall Channel Sands intersected in the deeper section of HOCH‑1.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: HOCH-1 potentially larger than expected – Pressure‑build‑up analysis from the first Hall zone at HOCH‑1 indicates stronger reservoir productivity, supporting a potential flow rate of ~3.5 mmcf/d versus the actual test rate of 2.7 mmcf/d.The sand body is also estimated to extend at least 600 m from the HOCH‑1 wellbore.Recently reprocessed pre‑stack depth‑migrated 3D seismic has refined the mapping of the Hall Channel Sands intersected in the deeper section of HOCH‑1.

<ul><li>AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: Well test update in Austria – The pressure build up analysis of first Hall zone at HOCH-1 indicates good reservoir productivity (3.5 mmcf/d potential) with a sand extent of at least 600 metres from the HOCH-1 wellbore.</li><li>Recently reprocessed pre stacked depth migrated 3D seismic mapping of the Hall Channel Sands intersected in the deeper section of the HOCH-1 well have been correlated to nearby wells (2.5-3.0 km away) indicating the potential for a large lateral extension of several sand bodies planned to be tested during the remaining program.</li><li>A Hall sand and a Hall Channel sand will be tested during the remaining phase 1 test program later this month.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: Well test update in Austria – The pressure build up analysis of first Hall zone at HOCH-1 indicates good reservoir productivity (3.5 mmcf/d potential) with a sand extent of at least 600 metres from the HOCH-1 wellbore.Recently reprocessed pre stacked depth migrated 3D seismic mapping of the Hall Channel Sands intersected in the deeper section of the HOCH-1 well have been correlated to nearby wells (2.5-3.0 km away) indicating the potential for a large lateral extension of several sand bodies planned to be tested during the remaining program.A Hall sand and a Hall Channel sand will be tested during the remaining phase 1 test program later this month.

<ul>
<li>ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf (P90–P50–P10 cases).</li>
<li>The new mean prospective resource of 619 bcf reflects the increased upside potential for the permit.</li>
<li>Individual prospect sizes range between 37–111 bcf (P50 case), with four prospects each estimated at 60–68 bcf (P50).</li>
</ul>


ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf (P90–P50–P10 cases).
The new mean prospective resource of 619 bcf reflects the increased upside potential for the permit.
Individual prospect sizes range between 37–111 bcf (P50 case), with four prospects each estimated at 60–68 bcf (P50).


ADX Energy (ASX: ADX): Resource Estimates Boost in Sicily

<ul>
<li>ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share.</li>
<li>Investors in the placement will also receive one option for every two new shares subscribed, exercisable at A$0.039 per share.</li>
<li>The capital raise strengthens ADX’s balance sheet ahead of its 2026 work programme and effectively removes the funding overhang that had weighed on the stock.</li>
</ul>


ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share.
Investors in the placement will also receive one option for every two new shares subscribed, exercisable at A$0.039 per share.
The capital raise strengthens ADX’s balance sheet ahead of its 2026 work programme and effectively removes the funding overhang that had weighed on the stock.


ADX Energy (ASX: ADX): A$3.5 mm funding boost ahead of busy activity programme

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): Momentum accelerating. Potential resources increase in Austria

An acid stimulation will be performed on the perforated interval to address wellbore damage and improve productivity in the carbonate section.

Auctus Advisors

AUCTUS ON FRIDAY - 21.08.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: HOCH-1 potentially larger...

Auctus Advisors

AUCTUS ON FRIDAY - 14.08.2026

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: Well test update in Austria –...

Auctus Advisors

ADX Energy (ASX: ADX): Resource Estimates Boost in Sicily

ADX has increased its aggregated prospective gas resource estimates for its Sicily Channel permit from 103–369–772 bcf to 188–484–1,265 bcf...

Auctus Advisors

ADX Energy (ASX: ADX): A$3.5 mm funding boost ahead of busy activity programme

ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share.Investors in the placement will also receive one option for every two...

Auctus Advisors

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