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>• Drilling operations have commenced at the TGT-H1 infill well in Vietnam, with results expected within 28 days.</li><li>This well is anticipated to enhance production ahead of year-end 2025.</li><li>• This marks the beginning of a six-well drilling campaign across the TGT and CNV fields, utilizing two rigs operating in parallel.</li></ul>

• Drilling operations have commenced at the TGT-H1 infill well in Vietnam, with results expected within 28 days.This well is anticipated to enhance production ahead of year-end 2025.• This marks the beginning of a six-well drilling campaign across the TGT and CNV fields, utilizing two rigs operating in parallel.

Pharos Energy Plc (LSE: PHAR): Kicking off high impact drilling programme

<ul>
<li>1H25 production of 5,642 boe/d and net cash of US$22.6 mm at the end of June had been reported previously.</li>
<li>1H25 operating cashflow was US$16.1 mm, exceeding our forecast of US$13.4 mm, driven by stable output at TGT—Pharos’ most profitable asset.</li>
<li>The FY25 production guidance range has been narrowed from 5.0-6.2 mboe/d to 5.2-6.0 mboe/d.</li>
</ul>


1H25 production of 5,642 boe/d and net cash of US$22.6 mm at the end of June had been reported previously.
1H25 operating cashflow was US$16.1 mm, exceeding our forecast of US$13.4 mm, driven by stable output at TGT—Pharos’ most profitable asset.
The FY25 production guidance range has been narrowed from 5.0-6.2 mboe/d to 5.2-6.0 mboe/d.


Pharos Energy Plc (LSE: PHAR): Largest Vietnam drilling programme since original development

<ul>
<li>Pharos and IPR have received approval from EGPC's Executive Board for the consolidation of the El Fayum and NBS concession agreements. Pharos retains its 45%.</li>
<li>The new consolidated concession carries a term of up to 20 years—comprising an initial 15-year period and a five-year extension—valid through 2045 (previously 2034 for El Fayum and 2043 for NBS).</li>
<li>The agreement includes three newly awarded exploration areas.</li>
</ul>


Pharos and IPR have received approval from EGPC's Executive Board for the consolidation of the El Fayum and NBS concession agreements. Pharos retains its 45%.
The new consolidated concession carries a term of up to 20 years—comprising an initial 15-year period and a five-year extension—valid through 2045 (previously 2034 for El Fayum and 2043 for NBS).
The agreement includes three newly awarded exploration areas.


Pharos Energy Plc (LSE: PHAR): Better terms for Egypt licences

<ul>
<li>1H25 production was 5,642 boe/d, broadly in line with our expectations of ~5,800 boe/d.</li>
<li>This also compares well with production of 5,757 boe/d from January to April.</li>
<li>Production in Vietnam remained stable at 4,183 boe/d in 1H25, compared to 4,216 boe/d over the January–April period.</li>
</ul>


1H25 production was 5,642 boe/d, broadly in line with our expectations of ~5,800 boe/d.
This also compares well with production of 5,757 boe/d from January to April.
Production in Vietnam remained stable at 4,183 boe/d in 1H25, compared to 4,216 boe/d over the January–April period.


Pharos Energy Plc (LSE: PHAR): Operations on track. Six well drilling programme to commence in Vietnam in 3Q25

Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

<ul>
<li>12th May: Cobalt Holdings, a Company created primarily to purchase and hold physical cobalt, offering public equity investors pure-play direct exposure to the price of cobalt, announced its intention to raise approximately US$230m through its Global Offer and the possible Admission on to the Main Market in June 2025.</li>
<li>Glencore International AG and certain entities and affiliates managed by Anchorage Structured Commodities Advisor, have agreed to participate as cornerstone investors, agreeing to invest, in aggregate, an amount representing approximately 20.5% of the Shares to be offered pursuant to the Global Offer.</li>
<li>9th May: iFOREX Financial Trading, the fintech business with a proprietary online and mobile trading platform for multi-asset contracts for difference, announces that it is considering an IPO onto the Main Market.</li>
</ul>


12th May: Cobalt Holdings, a Company created primarily to purchase and hold physical cobalt, offering public equity investors pure-play direct exposure to the price of cobalt, announced its intention to raise approximately US$230m through its Global Offer and the possible Admission on to the Main Market in June 2025.
Glencore International AG and certain entities and affiliates managed by Anchorage Structured Commodities Advisor, have agreed to participate as cornerstone investors, agreeing to invest, in aggregate, an amount representing approximately 20.5% of the Shares to be offered pursuant to the Global Offer.
9th May: iFOREX Financial Trading, the fintech business with a proprietary online and mobile trading platform for multi-asset contracts for difference, announces that it is considering an IPO onto the Main Market.


Pharos Energy Plc - Hybridan Small Cap Feast: 15/05/2025

United Kingdom

Pharos Energy PLC is an independent oil and gas exploration and production company. The Company focuses on growth and returns to stakeholders, headquartered in London and listed on the London Stock Exchange. Pharos Energy has production, development, and exploration interests in Egypt, Israel, and Vietnam.

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Pharos Energy (PHAR LN)

Pharos Energy Plc (LSE: PHAR): Kicking off high impact drilling programme

• Drilling operations have commenced at the TGT-H1 infill well in Vietnam, with results expected within 28 days. This well is anticipated to...

Auctus Advisors

Pharos Energy Plc (LSE: PHAR): Largest Vietnam drilling programme since original development

1H25 operating cashflow was US$16.1 mm, exceeding our forecast of US$13.4 mm, driven by stable output at TGT—Pharos’ most profitable asset.

Auctus Advisors

Pharos Energy Plc (LSE: PHAR): Better terms for Egypt licences

Pharos and IPR have received approval from EGPC's Executive Board for the consolidation of the El Fayum and NBS concession agreements. Pharos...

Auctus Advisors

Pharos Energy Plc (LSE: PHAR): Operations on track. Six well drilling programme to commence in Vietnam in 3Q25

1H25 production was 5,642 boe/d, broadly in line with our expectations of ~5,800 boe/d.This also compares well with production of 5,757 boe/d from...

Auctus Advisors

Pharos Energy Plc - Hybridan Small Cap Feast: 15/05/2025

obalt Holdings, a Company created primarily to purchase and hold physical cobalt, offering public equity investors pure-play direct exposure to the...

Hybridan

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