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>Corcel has raised £2.72 million of new equity at a price of 0.16p per share, representing a premium of 6.7% to yesterday's close.</li>
<li>The company will also issue one warrant per new share with a strike price of 0.225p per share (24-month duration).</li>
<li>Following a six-month period, Corcel will have the right to request the warrants to be exercised if the share price is equal to or above 0.30p per share for a period of 25 consecutive trading days.</li>
</ul>


Corcel has raised £2.72 million of new equity at a price of 0.16p per share, representing a premium of 6.7% to yesterday's close.
The company will also issue one warrant per new share with a strike price of 0.225p per share (24-month duration).
Following a six-month period, Corcel will have the right to request the warrants to be exercised if the share price is equal to or above 0.30p per share for a period of 25 consecutive trading days.


Corcel Plc (AIM: CRCL): Raising New Equity to Grow and Progress Angola

<ul>
<li>Intervention activities will soon restart at the Tobias-13 and Tobias-14 wells on Block KON-11, aiming to re-establish production at the Tobias field.</li>
<li>Discovered in 1961, the Tobias field initially had an estimated 94 mmbbl of oil in place.</li>
<li>Twelve wells were drilled, with eight producers reaching peak production of 17.5 mbbl/d.</li>
</ul>


Intervention activities will soon restart at the Tobias-13 and Tobias-14 wells on Block KON-11, aiming to re-establish production at the Tobias field.
Discovered in 1961, the Tobias field initially had an estimated 94 mmbbl of oil in place.
Twelve wells were drilled, with eight producers reaching peak production of 17.5 mbbl/d.


Corcel plc (AIM: CRCL): Restarting intervention activities at Tobias field

<ul>
<li>Corcel is a ~£6 mm market cap AIM-listed E&amp;P company focused on Portuguese-speaking Angola and Brazil.</li>
<li>It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021.</li>
<li>Corcel is also building a portfolio of mature onshore producing assets in Brazil.</li>
</ul>


Corcel is a ~£6 mm market cap AIM-listed E&amp;P company focused on Portuguese-speaking Angola and Brazil.
It offers a unique exposure to the prolific Kwanza onshore basin in Angola which reopened to international companies in 2021.
Corcel is also building a portfolio of mature onshore producing assets in Brazil.


Corcel Plc (AIM: CRCL): Initiating Coverage

Canada

Corcel Exploration Inc. provides metal and minerals mining services.

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Corcel Exploration (CRCL CN)

Corcel Plc (AIM: CRCL): Raising New Equity to Grow and Progress Angola

Corcel has raised £2.72 million of new equity at a price of 0.16p per share, representing a premium of 6.7% to yesterday's close.

Auctus Advisors

Corcel plc (AIM: CRCL): Restarting intervention activities at Tobias field

Intervention activities will soon restart at the Tobias-13 and Tobias-14 wells on Block KON-11, aiming to re-establish production at the Tobias field.

Auctus Advisors

Corcel Plc (AIM: CRCL): Initiating Coverage

Corcel is a ~£6 mm market cap AIM-listed E&P company focused on Portuguese-speaking Angola and Brazil. It offers a unique exposure to the prolific...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)