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>3Q24 production was 15,203 bbl/d. This is in line with previous indications.</li>
<li>The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet.</li>
<li>With the end of the dry season, production has rapidly increased from 10.7 mbbl/d during the first week of October to &gt;21 mbbl/d currently.</li>
</ul>


3Q24 production was 15,203 bbl/d. This is in line with previous indications.
The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet.
With the end of the dry season, production has rapidly increased from 10.7 mbbl/d during the first week of October to &gt;21 mbbl/d currently.


PetroTal Corp (AIM: PTAL): Production >21 Mbbl/D.

<ul>
<li>3Q24 production was 15,160 bbl/d. This is well above expectations of 13 mbbl/d.</li>
<li>While the river levels were at record lows, PetroTal has maximized the barge fleet capacity during the quarter.</li>
<li>Production during the first week of October was 10.7 mbbl/d. With the end of the dry season in sight, production is expected to return to capacity by mid-November, </li>
</ul>


3Q24 production was 15,160 bbl/d. This is well above expectations of 13 mbbl/d.
While the river levels were at record lows, PetroTal has maximized the barge fleet capacity during the quarter.
Production during the first week of October was 10.7 mbbl/d. With the end of the dry season in sight, production is expected to return to capacity by mid-November, 


PetroTal Corp (AIM: PTAL): Production and Cash Well Above Expectations

<ul>
<li>The VS1 sand has produced ~320 bbl/d of 18.6 API oil during a brief test of a sidetrack of Well 20H.</li>
<li>The oil gravity is similar to that found in the VS2 reservoir.</li>
<li>The VS1 reservoir has not been developed to date as the company has only focused on the VS2 that has much better permeability.</li>
</ul>


The VS1 sand has produced ~320 bbl/d of 18.6 API oil during a brief test of a sidetrack of Well 20H.
The oil gravity is similar to that found in the VS2 reservoir.
The VS1 reservoir has not been developed to date as the company has only focused on the VS2 that has much better permeability.


PetroTal Corp (AIM: PTAL): Potential Reserve Addition

<ul>
<li>2Q24 production of 18,290 bbl/d had been reported previously.</li>
<li>Production in July was 20,034 bbl/d, very close to the production of 20,555 bbl/d in June.</li>
<li>The dry river season indicators are at the moment at lower levels than 2023.</li>
</ul>


2Q24 production of 18,290 bbl/d had been reported previously.
Production in July was 20,034 bbl/d, very close to the production of 20,555 bbl/d in June.
The dry river season indicators are at the moment at lower levels than 2023.


PetroTal Corp (AIM: PTAL): Accelerating Drilling Programme.

<ul>
<li>2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d.</li>
<li>A brief river blockade impacted production but production in June was 20,555 bbl/d.</li>
<li>• Well 19H has achieved production rates of ~8.5 mbbl/d during the initial 7 days of production.</li>
</ul>


2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d.
A brief river blockade impacted production but production in June was 20,555 bbl/d.
• Well 19H has achieved production rates of ~8.5 mbbl/d during the initial 7 days of production.


PetroTal Corp: Unrestricted Cash Position Increased by >30% During the Last Quarter

United States

PetroTal Corp. operates as an oil and gas development and production company. The Company focuses on acquisition, development, and exploration of material oil assets. PetroTal serves customers in North and South America. ... More

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PetroTal (PTAL LN)

PetroTal Corp (AIM: PTAL): Production >21 Mbbl/D.

The cash position at the end of September had been previously reported and there are no surprises in the rest of the balance sheet.

Auctus Advisors

PetroTal Corp (AIM: PTAL): Production and Cash Well Above Expectations

While the river levels were at record lows, PetroTal has maximized the barge fleet capacity during the quarter. Production during the first week of...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Potential Reserve Addition

The VS1 sand has produced ~320 bbl/d of 18.6 API oil during a brief test of a sidetrack of Well 20H. The oil gravity is similar to that found in...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Accelerating Drilling Programme.

2Q24 production of 18,290 bbl/d had been reported previously. Production in July was 20,034 bbl/d, very close to the production of 20,555 bbl/d in...

Auctus Advisors

PetroTal Corp: Unrestricted Cash Position Increased by >30% During the Last Quarter

2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d.

Auctus Advisors

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