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 (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

<ul><li>• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected.</li><li>Gas sales have commenced.</li><li> • The well initially flowed at estimated rates increasing from 2 to 5.5 mmcf/d during clean-up.</li></ul>

• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected.Gas sales have commenced. • The well initially flowed at estimated rates increasing from 2 to 5.5 mmcf/d during clean-up.

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A well test performance towards the upper end of expectations

<ul>
<li>The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.</li>
<li>An additional column of a further 8 to 12 m may be confirmed upon completion of log analyses.</li>
<li>This is above company expectations.</li>
</ul>


The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.
An additional column of a further 8 to 12 m may be confirmed upon completion of log analyses.
This is above company expectations.


New Zealand Energy Corp. (TSX-V: NZ): Better than expected results at Tariki-5A

<ul>
<li>The T-5 development well did not encounter the main reservoir target.</li>
<li>The fault delimiting the reservoir is interpreted to be shallower (worst case scenario) than in the base case.</li>
<li>The well will now be sidetracked to the west into the reservoir.</li>
</ul>


The T-5 development well did not encounter the main reservoir target.
The fault delimiting the reservoir is interpreted to be shallower (worst case scenario) than in the base case.
The well will now be sidetracked to the west into the reservoir.


New Zealand Energy Corp. (TSX-V: NZ): The Tariki-5 Well Needs to Be Sidetracked

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): 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

New Zealand Energy Corp. (TSX-V: NZ): Tariki-5A well test performance towards the upper end of expectations

• Tariki-5A has been perforated over the top 8 m of the 20 m of gas bearing sands intersected. Gas sales have commenced. • The well initially...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): Better than expected results at Tariki-5A

The Tariki-5A well has encountered a gas column of at least 8 metres out of a gross Tariki sand of ~60 m.An additional column of a further 8 to 12...

Auctus Advisors

New Zealand Energy Corp. (TSX-V: NZ): The Tariki-5 Well Needs to Be Sidetracked

The T-5 development well did not encounter the main reservoir target. The fault delimiting the reservoir is interpreted to be shallower (worst case...

Auctus Advisors

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