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>1Q24 production of 35,473 boe/d., Production from CPO-5 was impacted by blockades over 22 days.</li>
<li>As a result, net production at CPO-5 was only ~5.6 mbbl/d (vs our forecast of 7.5 mbbl/d).</li>
<li>Production at CPO-5 has now been restored.</li>
</ul>


1Q24 production of 35,473 boe/d., Production from CPO-5 was impacted by blockades over 22 days.
As a result, net production at CPO-5 was only ~5.6 mbbl/d (vs our forecast of 7.5 mbbl/d).
Production at CPO-5 has now been restored.


GeoPark Limited: Current Net Production of >38 Mboe/D Including 9 Mbbl/D at CPO-5

<ul>
<li>GeoPark has submitted a binding offer to acquire a non-operated Working Interest in unconventional blocks in the Neuquen Basin in Argentina.</li>
<li>The offer has been accepted by the seller and the parties are working on an exclusive basis towards execution of definitive agreements.</li>
<li>The completion of the transaction could occur in 3Q24 </li>
</ul>


GeoPark has submitted a binding offer to acquire a non-operated Working Interest in unconventional blocks in the Neuquen Basin in Argentina.
The offer has been accepted by the seller and the parties are working on an exclusive basis towards execution of definitive agreements.
The completion of the transaction could occur in 3Q24 


GeoPark Limited (NYSE: GPRK): Potential Acquisition of Unconventional Producing Assets in Argentina

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the country’s oil &amp; gas industry.</li><li>This report is the third in a three-part WTR Energy Focus series on Colombia. It follows Oil &amp; Gas Operators Guiding for Bottom-Up Growth… and Striking a Balance Between Energy Security and Fiscal Stability.</li><li>Colombia’s natural gas demand will increase due to an energy transition and upstream operators with gas exposure realizing strong gas prices in an undersupplied market (as shown on right).</li></ul>

The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the country’s oil &amp; gas industry.This report is the third in a three-part WTR Energy Focus series on Colombia. It follows Oil &amp; Gas Operators Guiding for Bottom-Up Growth… and Striking a Balance Between Energy Security and Fiscal Stability.Colombia’s natural gas demand will increase due to an energy transition and upstream operators with gas exposure realizing strong gas prices in an undersupplied market (as shown on right).

Energy Focus: Colombia Series (3 of 3) - The Path to Net Zero and Implications for Oil & Gas

<ul>
<li>Chariot (CHAR LN)C; target price of £0.50 per share: 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.</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>


Chariot (CHAR LN)C; target price of £0.50 per share: 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 the project and TotalEnergies is a partner.
Mauritania benefits from an ideal geography for wind and solar energy.


<ul>
<li>The key takeaway from the 4Q23 results press release is the announcement of a modified Dutch auction tender offer to purchase up to US$50 mm of GeoPark shares at a price of US$9-10 per share.</li>
<li>This represents ~10% of the current market cap of the company.</li>
<li>The tender price range represents a premium of 8-20% to the prior day close.</li>
</ul>


The key takeaway from the 4Q23 results press release is the announcement of a modified Dutch auction tender offer to purchase up to US$50 mm of GeoPark shares at a price of US$9-10 per share.
This represents ~10% of the current market cap of the company.
The tender price range represents a premium of 8-20% to the prior day close.


GeoPark Limited (NYSE: GPRK): Dutch auction for 10% of the market cap at significant premium to the share price

Colombia

Geopark Limited is an oil and gas exploration and production company. The Company has operating and production properties in Chile, Colombia, Brazil and Argentina.

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Geopark Ltd (GPRK US)

GeoPark Limited: Current Net Production of >38 Mboe/D Including 9 Mbbl/D at CPO-5

1Q24 production of 35,473 boe/d., Production from CPO-5 was impacted by blockades over 22 days. As a result, net production at CPO-5 was only ~5.6...

Auctus Advisors

GeoPark Limited (NYSE: GPRK): Potential Acquisition of Unconventional Producing Assets in Argentina

GeoPark has submitted a binding offer to acquire a non-operated Working Interest in unconventional blocks in the Neuquen Basin in Argentina.

Auctus Advisors

Energy Focus: Colombia Series (3 of 3) - The Path to Net Zero and Implications for Oil & Gas

The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the...

Water Tower Research

AUCTUS ON FRIDAY - 15/03/2024

Chariot (CHAR LN)C; target price of £0.50 per share: Feasibility study as a first step to unlocking a mega green hydrogen project

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GeoPark Limited: Current Net Production of >38 Mboe/D Including 9 Mbbl/D at CPO-5

1Q24 production of 35,473 boe/d., Production from CPO-5 was impacted by blockades over 22 days. As a result, net production at CPO-5 was only ~5.6...

Auctus Advisors

GeoPark Limited (NYSE: GPRK): Potential Acquisition of Unconventional Producing Assets in Argentina

GeoPark has submitted a binding offer to acquire a non-operated Working Interest in unconventional blocks in the Neuquen Basin in Argentina.

Auctus Advisors

Energy Focus: Colombia Series (3 of 3) - The Path to Net Zero and Implications for Oil & Gas

The government of Colombia seeks to accelerate the country’s path toward net zero emissions, while investors question the implications for the...

Water Tower Research

AUCTUS ON FRIDAY - 15/03/2024

Chariot (CHAR LN)C; target price of £0.50 per share: Feasibility study as a first step to unlocking a mega green hydrogen project

Auctus Advisors

GeoPark Limited (NYSE: GPRK): Dutch auction for 10% of the market cap at significant premium to the share price

The key takeaway from the 4Q23 results press release is the announcement of a modified Dutch auction tender offer to purchase up to US$50 mm of...

Auctus Advisors