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 £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.</li>
<li>Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.</li>
<li>In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.</li>
</ul>


Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.
Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.
In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.


Corcel Plc (AIM: CRCL): Equity Raise from Blue Chip New Investors Bolsters Balance Sheet Ahead of Busy 2026

<ul>
<li>Corcel has received final ministerial approval for the Environmental Impact Assessment, granting full environmental clearance to proceed with seismic acquisition activities within the KON-16 Block.</li>
<li>The approved licence encompasses both 2D seismic acquisition and future exploration drilling operations.</li>
<li>The seismic programme is underpinned by £3.85 mm in proceeds from the accelerated exercise of warrants.</li>
</ul>


Corcel has received final ministerial approval for the Environmental Impact Assessment, granting full environmental clearance to proceed with seismic acquisition activities within the KON-16 Block.
The approved licence encompasses both 2D seismic acquisition and future exploration drilling operations.
The seismic programme is underpinned by £3.85 mm in proceeds from the accelerated exercise of warrants.


Corcel plc (AIM: CRCL): Seismic and drilling permits received

<ul>
<li>Charlestown Energy Partners, certain of the company's directors, and other private investors have exercised 50 million warrants at an exercise price of 0.50 pence per share, representing a ~40% premium to the share price prior to the announcement.</li>
<li>These warrants formed part of a 125 million warrant transfer from SNPC (Shandong New Powder COSMO) to the participating shareholders.</li>
<li>SNPC has retained 41.5 million warrants.</li>
</ul>


Charlestown Energy Partners, certain of the company's directors, and other private investors have exercised 50 million warrants at an exercise price of 0.50 pence per share, representing a ~40% premium to the share price prior to the announcement.
These warrants formed part of a 125 million warrant transfer from SNPC (Shandong New Powder COSMO) to the participating shareholders.
SNPC has retained 41.5 million warrants.


Corcel plc (AIM: CRCL): Insiders and large shareholders exercise warrants at a premium to share price

Thematic (Sector/Industry)

<ul>
<li>Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026 – Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.</li>
<li>Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.</li>
<li>In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.</li>
</ul>


Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026 – Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.
Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.
In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.


<ul>
<li>Corcel has updated the prospectivity of its three Angolan blocks, following reinterpretation of legacy seismic and enhanced Full Tensor Gravity Gradiometry (eFTG) data.</li>
<li>The revised analysis indicates more pre-salt and post-salt leads and prospects than previously anticipated.</li>
<li>At KON-16, five pre-salt leads and prospects have been identified, each estimated to hold 20–300 mmbbl of prospective resources, compared to three pre-salt prospects with 300 mmbbl recoverable estimates previously.</li>
</ul>


Corcel has updated the prospectivity of its three Angolan blocks, following reinterpretation of legacy seismic and enhanced Full Tensor Gravity Gradiometry (eFTG) data.
The revised analysis indicates more pre-salt and post-salt leads and prospects than previously anticipated.
At KON-16, five pre-salt leads and prospects have been identified, each estimated to hold 20–300 mmbbl of prospective resources, compared to three pre-salt prospects with 300 mmbbl recoverable estimates previously.


Corcel plc (AIM: CRCL): Increasing the size of the prize

United Kingdom

Corcel Plc operates as a mining and mineral resource development company. The Company focuses on battery metals exploration and flexible grid solutions. Corcel serves customers in the United Kingdom.

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Corcel (CRCL LN)

Corcel Plc (AIM: CRCL): Equity Raise from Blue Chip New Investors Bolsters Balance Sheet Ahead of Busy 2026

Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors. Following the raise, Corcel’s cash balance...

Auctus Advisors

Corcel plc (AIM: CRCL): Seismic and drilling permits received

Corcel has received final ministerial approval for the Environmental Impact Assessment, granting full environmental clearance to proceed with...

Auctus Advisors

AUCTUS ON FRIDAY - 12/12/2025

Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026

Auctus Advisors

Corcel plc (AIM: CRCL): Increasing the size of the prize

Corcel has updated the prospectivity of its three Angolan blocks, following reinterpretation of legacy seismic and enhanced Full Tensor Gravity...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Corcel Plc (AIM: CRCL): Equity Raise from Blue Chip New Investors Bolsters Balance Sheet Ahead of Busy 2026

Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors. Following the raise, Corcel’s cash balance...

Auctus Advisors

Corcel plc (AIM: CRCL): Seismic and drilling permits received

Corcel has received final ministerial approval for the Environmental Impact Assessment, granting full environmental clearance to proceed with...

Auctus Advisors

Corcel plc (AIM: CRCL): Insiders and large shareholders exercise warrants at a premium to share price

Charlestown Energy Partners, certain of the company's directors, and other private investors have exercised 50 million warrants at an exercise...

Auctus Advisors

AUCTUS ON FRIDAY - 12/12/2025

Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026

Auctus Advisors

Corcel plc (AIM: CRCL): Increasing the size of the prize

Corcel has updated the prospectivity of its three Angolan blocks, following reinterpretation of legacy seismic and enhanced Full Tensor Gravity...

Auctus Advisors