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 main target at Gaufrette (onshore Morocco) was water wet.</li>
<li>While the reservoirs were thicker and of better quality than expected with multiple gas shows, the trap did not work and the reservoirs are interpreted to be water bearing.</li>
<li>Given the presence of water in the upper reservoirs at the main target, it was decided not to deepen the well to drill the secondary deeper target.</li>
</ul>


The main target at Gaufrette (onshore Morocco) was water wet.
While the reservoirs were thicker and of better quality than expected with multiple gas shows, the trap did not work and the reservoirs are interpreted to be water bearing.
Given the presence of water in the upper reservoirs at the main target, it was decided not to deepen the well to drill the secondary deeper target.


Chariot Limited (AIM: CHAR): Drilling update onshore Morocco

<ul>
<li>The farm-out transaction with Energean has now completed.</li>
<li>Chariot has received the US$10 mm cash upfront payment and retains 30% of in the Lixus licence (where the Anchois project is located) and 37.5% of the Rissana licence, offshore Morocco.</li>
<li>A rig contract has also been signed with Stena Drilling to drill the high impact Anchois-East appraisal and development well in 3Q24.</li>
</ul>


The farm-out transaction with Energean has now completed.
Chariot has received the US$10 mm cash upfront payment and retains 30% of in the Lixus licence (where the Anchois project is located) and 37.5% of the Rissana licence, offshore Morocco.
A rig contract has also been signed with Stena Drilling to drill the high impact Anchois-East appraisal and development well in 3Q24.


Chariot Limited (AIM: CHAR): Initiating a strategic review of the Transitional Power business to focus on gas

<ul><li>• Chariot is initiating a strategic review of its Transitional Power business.</li><li>• The business includes multiple wind and solar projects in Southern Africa (with a solar project already operational in Burkina Faso).</li><li>It also includes a power trading licence in South Africa.</li></ul>

• Chariot is initiating a strategic review of its Transitional Power business.• The business includes multiple wind and solar projects in Southern Africa (with a solar project already operational in Burkina Faso).It also includes a power trading licence in South Africa.

<ul>
<li>The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania.</li>
<li>Chariot holds a 50% interest in the project and TotalEnergies is a partner.</li>
<li>Mauritania benefits from an ideal geography for wind and solar energy.</li>
</ul>


The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania.
Chariot holds a 50% interest in the project and TotalEnergies is a partner.
Mauritania benefits from an ideal geography for wind and solar energy.


Chariot Limited (AIM: CHAR): Feasibility study as a first step to unlocking a mega green hydrogen project

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales Norte B Pad Horizontal Well 1.</li><li>This is the first horizontal well drilled in the Ubaque on Tapir.</li><li>Three more horizontal wells will be drilled on the pad.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact well – Drilling operations have started at the Carrizales Norte B Pad Horizontal Well 1.This is the first horizontal well drilled in the Ubaque on Tapir.Three more horizontal wells will be drilled on the pad.

United Kingdom

Chariot Limited is an independent oil and gas exploration group focused on Namibia and Mauritania.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Chariot Limited (CHAR LN)

Chariot Limited (AIM: CHAR): Drilling update onshore Morocco

While the reservoirs were thicker and of better quality than expected with multiple gas shows, the trap did not work and the reservoirs are...

Auctus Advisors

Chariot Limited (AIM: CHAR): Initiating a strategic review of the Transitional Power business to focus on gas

Chariot has received the US$10 mm cash upfront payment and retains 30% of in the Lixus licence (where the Anchois project is located) and 37.5% of...

Auctus Advisors

Chariot Limited (AIM: CHAR): Initiating a strategic review of the Transitional Power business to focus on gas

• Chariot is initiating a strategic review of its Transitional Power business. • The business includes multiple wind and solar projects in...

Auctus Advisors

Chariot Limited (AIM: CHAR): Feasibility study as a first step to unlocking a mega green hydrogen project

The feasibility study for the green hydrogen “Project Nour” has now been presented to the government of Mauritania. Chariot holds a 50% interest in...

Auctus Advisors

AUCTUS ON FRIDAY - 17/05/2024

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; target price of £0.50 per share: Spudding high impact...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)