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>Production continues to be impacted by the reduced barge movements to/from Brazil during the low river dry season.</li>
<li>Production in August was 12,651 bbl/d, in line with previous indications (~13 mbbl/d).</li>
<li>Important upcoming newsflow includes the potential reopening of the ONP pipeline allowing PetroTal to increase production and eliminate the production constraint during the dry season when the Amazon river water level is low.</li>
</ul>


Production continues to be impacted by the reduced barge movements to/from Brazil during the low river dry season.
Production in August was 12,651 bbl/d, in line with previous indications (~13 mbbl/d).
Important upcoming newsflow includes the potential reopening of the ONP pipeline allowing PetroTal to increase production and eliminate the production constraint during the dry season when the Amazon river water level is low.


PetroTal Corp (AIM: PTAL): Lower level of production in 3Q23 in line with our expectations

<ul>
<li>2Q23 production, net debt and working capital at the end of June had already been reported.</li>
<li>The dry season has started, resulting in low river levels, which constrains barging sales. Production in July was 11,552 bbl/d increasing to 13 mbbl/d in August.</li>
<li>The company has re-iterated its FY23 production guidance of 14-15 mbbl/d.</li>
</ul>


2Q23 production, net debt and working capital at the end of June had already been reported.
The dry season has started, resulting in low river levels, which constrains barging sales. Production in July was 11,552 bbl/d increasing to 13 mbbl/d in August.
The company has re-iterated its FY23 production guidance of 14-15 mbbl/d.


PetroTal Corp (AIM: PTAL): Boosting 2Q23 Dividend Distribution.

<ul>
<li>2Q23 production was 19,031 bbl/d.</li>
<li>This is higher than our forecast (18.5 mbbl/d) and the company’s recently increased 2Q23 guidance (5% higher than 17 mbbl/d).</li>
<li>During the quarter, production was affected by the ongoing ONP closure and six days of planned maintenance, which constrained production by ~25%.</li>
</ul>


2Q23 production was 19,031 bbl/d.
This is higher than our forecast (18.5 mbbl/d) and the company’s recently increased 2Q23 guidance (5% higher than 17 mbbl/d).
During the quarter, production was affected by the ongoing ONP closure and six days of planned maintenance, which constrained production by ~25%.


PetroTal Corp (AIM: PTAL): High production

<ul>
<li>The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.</li>
<li>AIDECOBAP has also released the Peruvian and Brazilian oil convoys.</li>
<li>More on the blockade resolution In return for lifting the blockade, AIDECOBAP signed an alliance act with the Regional Governor, Perupetro and Puinahua’s District Municipality.</li>
</ul>


The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.
AIDECOBAP has also released the Peruvian and Brazilian oil convoys.
More on the blockade resolution In return for lifting the blockade, AIDECOBAP signed an alliance act with the Regional Governor, Perupetro and Puinahua’s District Municipality.


PetroTal Corp (AIM: PTAL): River blockade lifted. 22 mbbl/d production

<ul><li>The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has started a violent blockade in the Puinahua Canal against all ships providing services to PetroTal, preventing the monetization of oil production.</li><li>Already US$8 mm has been accumulated in a social fund by PetroTal in a restricted bank account.</li><li>At YE24, the net working capital would be ~US$165 mm net of a further dividend distribution of US$55 mm in 2024.</li></ul>

The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has started a violent blockade in the Puinahua Canal against all ships providing services to PetroTal, preventing the monetization of oil production.Already US$8 mm has been accumulated in a social fund by PetroTal in a restricted bank account.At YE24, the net working capital would be ~US$165 mm net of a further dividend distribution of US$55 mm in 2024.

PetroTal Corp (AIM: PTAL): Another (Probably Short Lived) River Blockade

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): Lower level of production in 3Q23 in line with our expectations

Important upcoming newsflow includes the potential reopening of the ONP pipeline allowing PetroTal to increase production and eliminate the...

Auctus Advisors

PetroTal Corp (AIM: PTAL): Boosting 2Q23 Dividend Distribution.

he dry season has started, resulting in low river levels, which constrains barging sales. Production in July was 11,552 bbl/d increasing to 13 mbbl...

Auctus Advisors

PetroTal Corp (AIM: PTAL): High production

2Q23 production was 19,031 bbl/d. This is higher than our forecast (18.5 mbbl/d) and the company’s recently increased 2Q23 guidance (5% higher...

Auctus Advisors

PetroTal Corp (AIM: PTAL): River blockade lifted. 22 mbbl/d production

The Indigenous Association for Development and Conservation of Bajo Puinahua (AIDECOBAP) has removed the illegal river blockade.

Auctus Advisors

PetroTal Corp (AIM: PTAL): Another (Probably Short Lived) River Blockade

This river access disruption coincides with planned production reductions to tie in previously installed infrastructure. Production in June to date...

Auctus Advisors

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