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

<ul>
<li>Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.</li>
<li>Etana will wheel electricity to their commercial property buildings located in several jurisdictions in South Africa.</li>
<li>The electricity that will be wheeled by Etana includes 30GWh per annum of hydroelectric power from Serengeti Energy.</li>
</ul>


Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.
Etana will wheel electricity to their commercial property buildings located in several jurisdictions in South Africa.
The electricity that will be wheeled by Etana includes 30GWh per annum of hydroelectric power from Serengeti Energy.


Chariot Limited (AIM: CHAR): Milestone for the electricity trading business in South Africa

United Kingdom

Chariot is an Africa-focused transitional energy group with three core business streams: Transitional Gas, Transitional Power, and Green Hydrogen. It focuses on high-value gas development projects offshore Morocco, provides sustainable and reliable renewable energy and water solutions across Africa, and develops green hydrogen projects. Chariot was founded in 2007 and is headquartered in London, United Kingdom.

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Chariot (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

Chariot Limited (AIM: CHAR): Milestone for the electricity trading business in South Africa

Etana Energy (49% held by Chariot) has signed a PPA with Growthpoint Properties to supply 195 GWh per year of renewable energy.

Auctus Advisors

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