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>New Zealand Energy, L&amp;M Energy, and Genesis Energy have entered into a memorandum of understanding (MoU) to advance the Tariki gas storage project.</li>
<li>The MoU establishes an exclusive framework for collaboration across technical studies, commercial negotiations, and project development milestones, ultimately leading to a final gas storage services agreement.</li>
<li>This agreement will underpin the path toward a final investment decision, project completion, and commercial operations.</li>
</ul>


New Zealand Energy, L&amp;M Energy, and Genesis Energy have entered into a memorandum of understanding (MoU) to advance the Tariki gas storage project.
The MoU establishes an exclusive framework for collaboration across technical studies, commercial negotiations, and project development milestones, ultimately leading to a final gas storage services agreement.
This agreement will underpin the path toward a final investment decision, project completion, and commercial operations.


New Zealand Energy Corp. (TSX-V: NZ): Gas storage MOU signed with Genesis Energy

<ul>
<li>Monumental Energy will fund New Zealand Energy’s (NZE) share of costs for the workover of four wells—Waihapa-H1, Ngaere-1, Ngaere-2, and Ngaere-3.</li>
<li>In return, Monumental will earn a 25% royalty on NZE’s production share, post full recovery of its capital investment, which will be repaid from 75% of NZE’s net revenue interest.</li>
<li>The total investment is modest, at</li>
</ul>


Monumental Energy will fund New Zealand Energy’s (NZE) share of costs for the workover of four wells—Waihapa-H1, Ngaere-1, Ngaere-2, and Ngaere-3.
In return, Monumental will earn a 25% royalty on NZE’s production share, post full recovery of its capital investment, which will be repaid from 75% of NZE’s net revenue interest.
The total investment is modest, at


New Zealand Energy Corp. (TSX-V: NZ): Farming out New Zealand appraisal assets to grow production

<ul>
<li>Monumental Energy reports that Copper Moki-1 and Copper Moki-2 are currently producing a combined 125 bbl/d, with rates trending upwards as pump speeds are gradually increased.</li>
<li>Reflecting this momentum, we are revising our gross production estimate for Copper Moki from 125 boe/d to 180 boe/d (~175 bbl/d) for Q4 2025.</li>
<li>The Ngaere-1 pipeline was recommissioned in July with initial production from the well exceeding 400 bbl/d (200 bbl/d net to New Zealand Energy’s 50% working interest).</li>
</ul>


Monumental Energy reports that Copper Moki-1 and Copper Moki-2 are currently producing a combined 125 bbl/d, with rates trending upwards as pump speeds are gradually increased.
Reflecting this momentum, we are revising our gross production estimate for Copper Moki from 125 boe/d to 180 boe/d (~175 bbl/d) for Q4 2025.
The Ngaere-1 pipeline was recommissioned in July with initial production from the well exceeding 400 bbl/d (200 bbl/d net to New Zealand Energy’s 50% working interest).


New Zealand Energy Corp. (TSX-V: NZ): Higher than expected production resumption

<ul><li>• New Zealand Energy (NZE) has raised C$3 mm of new equity priced at C$0.18 per share.</li><li>The proceeds of the raise will fund the desktop studies required to prepare the field development plan, derisking the gas storage project ahead of expected monetization within the next 12 months.</li><li>It will also fund the repayment of the convertible note.</li></ul>

• New Zealand Energy (NZE) has raised C$3 mm of new equity priced at C$0.18 per share.The proceeds of the raise will fund the desktop studies required to prepare the field development plan, derisking the gas storage project ahead of expected monetization within the next 12 months.It will also fund the repayment of the convertible note.

New Zealand Energy Corp. (TSX-V: NZ): Equity raise to progress Tariki gas storage

<ul><li>• Tariki-5A has been put on production at a stable rate of 1 mmcf/d plus 25-30 bbl/d of condensate.</li><li>This is less than anticipated (2-5.5 mmcf/d during clean-up with deliverability estimates of ~12 mmcf/d based on wellhead data) due to liquid loading in the tubing and difficulties in managing liquid slugging at Waihapa after ~30 km of pipeline.</li><li>NZE is considering remediation operations to reduce the amount of liquid production, which could increase wellhead pressure and potentially gas production.</li></ul>

• Tariki-5A has been put on production at a stable rate of 1 mmcf/d plus 25-30 bbl/d of condensate.This is less than anticipated (2-5.5 mmcf/d during clean-up with deliverability estimates of ~12 mmcf/d based on wellhead data) due to liquid loading in the tubing and difficulties in managing liquid slugging at Waihapa after ~30 km of pipeline.NZE is considering remediation operations to reduce the amount of liquid production, which could increase wellhead pressure and potentially gas production.

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A flow constrained by liquid. First injection in gas storage by YE25

New Zealand

New Zealand Energy Corp. is an oil and natural gas company. The Company is engaged in the exploration, acquisition and development of petroleum and natural gas assets in New Zealand.

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New Zealand Energy (NZ CN)

New Zealand Energy Corp. (TSX-V: NZ): Gas storage MOU signed with Genesis Energy

New Zealand Energy, L&M Energy, and Genesis Energy have entered into a memorandum of understanding (MoU) to advance the Tariki gas storage project.

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Farming out New Zealand appraisal assets to grow production

Monumental Energy will fund New Zealand Energy’s (NZE) share of costs for the workover of four wells—Waihapa-H1, Ngaere-1, Ngaere-2, and Ngaere-3.

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Higher than expected production resumption

Monumental Energy reports that Copper Moki-1 and Copper Moki-2 are currently producing a combined 125 bbl/d, with rates trending upwards as pump...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Equity raise to progress Tariki gas storage

• New Zealand Energy (NZE) has raised C$3 mm of new equity priced at C$0.18 per share. The proceeds of the raise will fund the desktop studies...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A flow constrained by liquid. First injection in gas storage by YE25

• Tariki-5A has been put on production at a stable rate of 1 mmcf/d plus 25-30 bbl/d of condensate. This is less than anticipated (2-5.5 mmcf/d...

Auctus Advisors

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