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

Arrow Exploration Corp / Equity Bottom-Up

<ul>
<li>Arrow reported 3Q25 production of 4,214 boe/d, broadly in line with our ~4.4 mboe/d expectation.</li>
<li>The company held US$6.5 mm in cash at end‑September (with no debt), rising to US$8.2 mm by 1 November.</li>
<li>With only one rig currently in operation, recent drilling success at M‑5 and M‑6, and the imminent contribution from the M‑HZ7 horizontal well, we expect Arrow’s cash position to continue to strengthen.</li>
</ul>


Arrow reported 3Q25 production of 4,214 boe/d, broadly in line with our ~4.4 mboe/d expectation.
The company held US$6.5 mm in cash at end‑September (with no debt), rising to US$8.2 mm by 1 November.
With only one rig currently in operation, recent drilling success at M‑5 and M‑6, and the imminent contribution from the M‑HZ7 horizontal well, we expect Arrow’s cash position to continue to strengthen.


Arrow Exploration Corp. (AIM: AXL): Rebuilding cash momentum; Icaco prospect drilling on track for 1Q26

<ul>
<li>The M-6 vertical well has encountered 30 ft of net oil pay in the Carbonera C9 formation (previously named Guadalupe).</li>
<li>This compares favourably with the results of the M-5 well that encountered ~ 26 feet of net oil pay in the same formation.</li>
<li>This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in December.</li>
</ul>


The M-6 vertical well has encountered 30 ft of net oil pay in the Carbonera C9 formation (previously named Guadalupe).
This compares favourably with the results of the M-5 well that encountered ~ 26 feet of net oil pay in the same formation.
This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in December.


Arrow Exploration Corp. (AIM: AXL): Another positive result at Mateguafa Attic

<ul>
<li>The M-5 vertical well at Mateguafa Attic encountered approximately 26 feet of net oil pay in high-quality Guadalupe sandstone (22% porosity), along with an additional 11 feet in the Carbonera C7 formation.</li>
<li>The discovery will contribute new reserves, as none had previously been attributed to Mateguafa Attic.</li>
<li>The well was brought online in the Guadalupe interval, delivering a gross oil rate of 570 bbl/d with an 8% water cut on a tight 17/128 choke.</li>
</ul>


The M-5 vertical well at Mateguafa Attic encountered approximately 26 feet of net oil pay in high-quality Guadalupe sandstone (22% porosity), along with an additional 11 feet in the Carbonera C7 formation.
The discovery will contribute new reserves, as none had previously been attributed to Mateguafa Attic.
The well was brought online in the Guadalupe interval, delivering a gross oil rate of 570 bbl/d with an 8% water cut on a tight 17/128 choke.


Arrow Exploration Corp. (AIM: AXL): Discovery at Mateguafa Attic

Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

<ul>
<li>Arrow Exploration Corp 11.75p £38.59m (AXL.L) The high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins updates on drilling at Mateguafa Oeste-1, on the Tapir Block in the Llanos Basin where Arrow holds a 50% interest.</li>
<li>The exploration well was spudded on September 21 and reached target depth on September 26.</li>
<li>The primary targets were the sands of the Ubaque formation which have been prolific producing reservoirs in the nearby Carrizales Norte field. </li>
</ul>


Arrow Exploration Corp 11.75p £38.59m (AXL.L) The high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins updates on drilling at Mateguafa Oeste-1, on the Tapir Block in the Llanos Basin where Arrow holds a 50% interest.
The exploration well was spudded on September 21 and reached target depth on September 26.
The primary targets were the sands of the Ubaque formation which have been prolific producing reservoirs in the nearby Carrizales Norte field. 


<ul>
<li>The Mateguafa Oeste was water wet. Our ReNAV for the well was £0.09 per share.</li>
<li>We did not carry any production from this prospect in our cash flow forecast.</li>
<li>The rig will now move to Mateguafa Attic where the Mateguafa 5 vertical well will be drilled in November. </li>
</ul>


The Mateguafa Oeste was water wet. Our ReNAV for the well was £0.09 per share.
We did not carry any production from this prospect in our cash flow forecast.
The rig will now move to Mateguafa Attic where the Mateguafa 5 vertical well will be drilled in November. 


Arrow Exploration Corp. (AIM: AXL): Dry Hole at Mateguafa Oeste but Three More Prospects to Drill

Canada

Arrow Exploration Corp. is a public junior oil and gas company. The Company focuses in the acquisition, exploration, and development of oil and gas properties in Colombia and in Western Canada.

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Arrow Exploration Corp (AXL LN)

Arrow Exploration Corp. (AIM: AXL): Rebuilding cash momentum; Icaco prospect drilling on track for 1Q26

With only one rig currently in operation, recent drilling success at M‑5 and M‑6, and the imminent contribution from the M‑HZ7 horizontal well, we...

Auctus Advisors

Arrow Exploration Corp. (AIM: AXL): Another positive result at Mateguafa Attic

This result provides a strong foundation for the first horizontal well at Mateguafa (M-HZ7), already spudded and expected to come onstream in...

Auctus Advisors

Arrow Exploration Corp. (AIM: AXL): Discovery at Mateguafa Attic

The well was brought online in the Guadalupe interval, delivering a gross oil rate of 570 bbl/d with an 8% water cut on a tight 17/128 choke.

Auctus Advisors

Hybridan Small Cap Feast: 01/10/2025

he high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins updates on drilling at Mateguafa Oeste-1...

Hybridan

Arrow Exploration Corp. (AIM: AXL): Dry Hole at Mateguafa Oeste but Three More Prospects to Drill

The Mateguafa Oeste was water wet. Our ReNAV for the well was £0.09 per share. We did not carry any production from this prospect in our cash flow...

Auctus Advisors

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