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>1H26 production of 5,650 boe/d — comprising 4,583 boe/d in Vietnam and 1,067 bbl/d in Egypt — had been disclosed previously.</li>
<li>TGT and CNV contributed 3,551 boe/d and 1,032 boe/d respectively.</li>
<li>The end-June cash balance had likewise been previously disclosed.</li>
</ul>


1H26 production of 5,650 boe/d — comprising 4,583 boe/d in Vietnam and 1,067 bbl/d in Egypt — had been disclosed previously.
TGT and CNV contributed 3,551 boe/d and 1,032 boe/d respectively.
The end-June cash balance had likewise been previously disclosed.


Pharos Energy Plc (LSE: PHAR): Adding to the Vietnam drilling programme

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Smartkarma AI Primers

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Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/pharos-energy-plc">Pharos Energy</a>'s near-term outlook is dominated by a recommended all-cash takeover offer from Serica Energy, which represents a significant premium and is expected to complete in the first half of 2027.</li>
  <li>The company maintains a geographically focused portfolio of production and development assets in Vietnam and Egypt, which have demonstrated strong operational momentum and cash flow generation.</li>
  <li>Valuation appears attractive, with the company trading at a significant discount to peers on key metrics such as EV/Sales and Price-to-Book, which likely catalyzed the acquisition interest.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Pharos Energy's near-term outlook is dominated by a recommended all-cash takeover offer from Serica Energy, which represents a significant premium and is expected to complete in the first half of 2027.
  The company maintains a geographically focused portfolio of production and development assets in Vietnam and Egypt, which have demonstrated strong operational momentum and cash flow generation.
  Valuation appears attractive, with the company trading at a significant discount to peers on key metrics such as EV/Sales and Price-to-Book, which likely catalyzed the acquisition interest.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Pharos Energy (PHAR LN) - Jul 2026

<ul>
<li>Serica Energy has announced a cash offer of £0.286683 per Pharos share.</li>
<li>In addition, Pharos shareholders will receive a special dividend of £0.04 per share.</li>
<li>The aggregate value of the cash and special dividend consideration under Serica’s offer represents a 20.7% premium to the equivalent consideration offered by Ratio Petroleum.</li>
</ul>


Serica Energy has announced a cash offer of £0.286683 per Pharos share.
In addition, Pharos shareholders will receive a special dividend of £0.04 per share.
The aggregate value of the cash and special dividend consideration under Serica’s offer represents a 20.7% premium to the equivalent consideration offered by Ratio Petroleum.


Pharos Energy Plc (LSE: PHAR): Superior takeover offer by Serica Energy

<ul>
<li>High production, high cash, further drilling in Vietnam • 1H26 production averaged 5,650 boe/d net, comprising 4,583 boe/d in Vietnam and 1,067 boe/d in Egypt, slightly above the January–April average of 5,561 boe/d (Vietnam: 4,492 boe/d).</li>
<li>The TGT‑18X appraisal well averaged 1,850 bbl/d gross (550 bbl/d net) in June.</li>
<li>The CNV infill well, completed mid‑March, is contributing ~700 bbl/d gross (175 bbl/d net), while CNV‑5X is expected to complete by end‑July.</li>
</ul>


High production, high cash, further drilling in Vietnam • 1H26 production averaged 5,650 boe/d net, comprising 4,583 boe/d in Vietnam and 1,067 boe/d in Egypt, slightly above the January–April average of 5,561 boe/d (Vietnam: 4,492 boe/d).
The TGT‑18X appraisal well averaged 1,850 bbl/d gross (550 bbl/d net) in June.
The CNV infill well, completed mid‑March, is contributing ~700 bbl/d gross (175 bbl/d net), while CNV‑5X is expected to complete by end‑July.


Pharos Energy PLC - High production, high cash, further drilling in Vietnam

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.</li><li>Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.</li><li>See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.

United Kingdom

Pharos Energy is an independent oil and gas exploration and production company with a portfolio of production, development, and exploration assets. The company primarily operates in Vietnam and Egypt, focusing on delivering sustainable growth and returns. Pharos Energy was founded in 1997 and is headquartered in London, England.

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Pharos Energy (PHAR LN)

Pharos Energy Plc (LSE: PHAR): Adding to the Vietnam drilling programme

1H26 production of 5,650 boe/d — comprising 4,583 boe/d in Vietnam and 1,067 bbl/d in Egypt — had been disclosed previously.TGT and CNV contributed...

Auctus Advisors

Primer: Pharos Energy (PHAR LN) - Jul 2026

Pharos Energy's near-term outlook is dominated by a recommended all-cash takeover offer from Serica Energy, which represents a significant...

αSK Primers

Pharos Energy Plc (LSE: PHAR): Superior takeover offer by Serica Energy

The aggregate value of the cash and special dividend consideration under Serica’s offer represents a 20.7% premium to the equivalent consideration...

Auctus Advisors

Pharos Energy PLC - High production, high cash, further drilling in Vietnam

High production, high cash, further drilling in Vietnam • 1H26 production averaged 5,650 boe/d net, comprising 4,583 boe/d in Vietnam and...

Auctus Advisors

AUCTUS ON FRIDAY - 25.09.2026

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising...

Auctus Advisors

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