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 from January to April 2025 was 5,757 boe/d, comprising 4,216 boe/d from Vietnam and 1,541 bbl/d from Egypt.</li>
<li>This is consistent with the FY25 production guidance of 5.0-6.2 mboe/d, which has been reaffirmed.</li>
<li>In Egypt, receivables increased from US$29.5 million at year-end 2024 to US$31.7 mm by the end of April.</li>
</ul>


Production from January to April 2025 was 5,757 boe/d, comprising 4,216 boe/d from Vietnam and 1,541 bbl/d from Egypt.
This is consistent with the FY25 production guidance of 5.0-6.2 mboe/d, which has been reaffirmed.
In Egypt, receivables increased from US$29.5 million at year-end 2024 to US$31.7 mm by the end of April.


Pharos Energy Plc (LSE: PHAR): High impact drilling in Vietnam in 4Q25. Lower capex than expected.

<ul>
<li>FY24 production and YE24 net cash have already been reported.</li>
<li>The FY25 production guidance of 5.0-6.2 mboe/d is unchanged.</li>
<li>However the highlight of the press release is the upcoming programme in Vietnam.</li>
</ul>


FY24 production and YE24 net cash have already been reported.
The FY25 production guidance of 5.0-6.2 mboe/d is unchanged.
However the highlight of the press release is the upcoming programme in Vietnam.


Pharos Energy Plc (LSE: PHAR): Return to production growth in Vietnam

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>Our daily digest of news from UK Small Caps @HybridanLLP 19th February 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Delistings: Intelligent Ultrasound Group (IUG.L) delisted from AIM.</li><li> What’s baking in the oven?</li><li> Potential** Initial Public Offerings: 6 February: GlobalData (DATA.L) has announced an intention to move to the Main Market from AIM.</li></ul>

Our daily digest of news from UK Small Caps @HybridanLLP 19th February 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Delistings: Intelligent Ultrasound Group (IUG.L) delisted from AIM. What’s baking in the oven? Potential** Initial Public Offerings: 6 February: GlobalData (DATA.L) has announced an intention to move to the Main Market from AIM.

Tracsis Plc - Hybridan Small Cap Feast: 19/02/2025

<ul>
<li>Pharos and IPR have signed a non-binding MOU with EGPC to use their best efforts to conclude negotiations for the merger of the El Fayum and North Beni Suef Concession Agreements.</li>
<li>While there is limited information at this stage, this is an important step that would unlock further investment through better fiscal terms and longer licence duration.</li>
<li>The El-Fayum licence has a current expiry date of 2034 (including a 5 year extension), with 9 years remaining.</li>
</ul>


Pharos and IPR have signed a non-binding MOU with EGPC to use their best efforts to conclude negotiations for the merger of the El Fayum and North Beni Suef Concession Agreements.
While there is limited information at this stage, this is an important step that would unlock further investment through better fiscal terms and longer licence duration.
The El-Fayum licence has a current expiry date of 2034 (including a 5 year extension), with 9 years remaining.


Pharos Energy Plc (LSE: PHAR): MOU with EGPC in Egypt to improve terms and licence duration

<ul>
<li>FY24 production was 5,801 boe/d including, 1,440 bbl/d in Egypt and 4,361 boe/d in Vietnam.</li>
<li>This is in line with expectations.</li>
<li>The FY25 production guidance has been set at 5.0-6.2 mboe/d, including 3.6-4.6 mboe/d in Vietnam and 1.4-1.6 mboe/d.</li>
</ul>


FY24 production was 5,801 boe/d including, 1,440 bbl/d in Egypt and 4,361 boe/d in Vietnam.
This is in line with expectations.
The FY25 production guidance has been set at 5.0-6.2 mboe/d, including 3.6-4.6 mboe/d in Vietnam and 1.4-1.6 mboe/d.


Pharos Energy Plc: FY24 in Line. All Eyes on Vietnam Drilling and Licence Consolidation in Egypt

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): High impact drilling in Vietnam in 4Q25. Lower capex than expected.

Production from January to April 2025 was 5,757 boe/d, comprising 4,216 boe/d from Vietnam and 1,541 bbl/d from Egypt.

Auctus Advisors

Pharos Energy Plc (LSE: PHAR): Return to production growth in Vietnam

FY24 production and YE24 net cash have already been reported. The FY25 production guidance of 5.0-6.2 mboe/d is unchanged.

Auctus Advisors

Tracsis Plc - Hybridan Small Cap Feast: 19/02/2025

Our daily digest of news from UK Small Caps @HybridanLLP 19th February 2025 * A corporate client of...

Hybridan

Pharos Energy Plc (LSE: PHAR): MOU with EGPC in Egypt to improve terms and licence duration

Pharos and IPR have signed a non-binding MOU with EGPC to use their best efforts to conclude negotiations for the merger of the El Fayum and North...

Auctus Advisors

Pharos Energy Plc: FY24 in Line. All Eyes on Vietnam Drilling and Licence Consolidation in Egypt

FY24 production was 5,801 boe/d including, 1,440 bbl/d in Egypt and 4,361 boe/d in Vietnam. This is in line with expectations.

Auctus Advisors

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