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 Anchois project continues to make progress towards FID in early 2023.</li><li>Société Générale is continuing to lead the structuring and syndication of the debt funding for Anchois.</li><li>Value and newsflow Taking FID at the Anchois project in Morocco remains the key near term catalyst and would take our Core NAV to ~£0.65 per share.</li></ul>

The Anchois project continues to make progress towards FID in early 2023.Société Générale is continuing to lead the structuring and syndication of the debt funding for Anchois.Value and newsflow Taking FID at the Anchois project in Morocco remains the key near term catalyst and would take our Core NAV to ~£0.65 per share.

Chariot Limited (AIM: CHAR): Meeting with management: Operations on track

<ul><li>ADX Energy (ADX AU) C; Target price of A$0.070 per share: Anshof Reserves estimate well above expectations – RISC estimates that the Anshof field holds 5.2 mmboe of 2P gross reserves (4.2 mmboe net to ADX).</li><li>The 2P reserves estimate is based on an assumption of a water oil contact at 1,720 m and includes the area of the field where the sand thickens.</li><li>Calima Energy (CE1 AU) C; Target price of A$0.70 per share: 3Q22 update.</li></ul>

ADX Energy (ADX AU) C; Target price of A$0.070 per share: Anshof Reserves estimate well above expectations – RISC estimates that the Anshof field holds 5.2 mmboe of 2P gross reserves (4.2 mmboe net to ADX).The 2P reserves estimate is based on an assumption of a water oil contact at 1,720 m and includes the area of the field where the sand thickens.Calima Energy (CE1 AU) C; Target price of A$0.70 per share: 3Q22 update.

United Kingdom

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

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Chariot Limited (CHAR LN)

Chariot Limited (AIM: CHAR): Meeting with management: Operations on track

The Anchois project continues to make progress towards FID in early 2023. Société Générale is continuing to lead the structuring and syndication of...

Auctus Advisors

Auctus on Friday - 04/11/2022

The 2P reserves estimate is based on an assumption of a water oil contact at 1,720 m and includes the area of the field where the sand thickens.

Auctus Advisors

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