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.

Thematic (Sector/Industry)

<ul><li>Hartshead Resources (HHR AU)C; target price of A$0.18 per share: On tack for first gas in 2025 – The FDP for Phase I is nearing completion and will be submitted in two weeks.</li><li>Panoro Energy (PEN NO)C; target price of NOK50 per share: Executing on plans.</li><li>Pharos Energy (PHAR LN)C; target price of £0.55 per share: Flow rate at new Vietnam well above expectations.</li></ul>

Hartshead Resources (HHR AU)C; target price of A$0.18 per share: On tack for first gas in 2025 – The FDP for Phase I is nearing completion and will be submitted in two weeks.Panoro Energy (PEN NO)C; target price of NOK50 per share: Executing on plans.Pharos Energy (PHAR LN)C; target price of £0.55 per share: Flow rate at new Vietnam well above expectations.

<ul>
<li>Arrow Exploration (AXL LN) C; Target price of £0.45 per share: Good flow rate at RCE-4 – The RCE-4 well has been put in production.</li>
<li>This is a similar result as at RCE-3 (24 h flow rate of 968 bbl/d gross/484 bbl/d net).</li>
<li>Serinus Energy (SEN LN): FY22 results – FY22 production was 889 boe/d including 379 boe/d in Romania and 510 boe/d in Tunisia.</li>
</ul>


Arrow Exploration (AXL LN) C; Target price of £0.45 per share: Good flow rate at RCE-4 – The RCE-4 well has been put in production.
This is a similar result as at RCE-3 (24 h flow rate of 968 bbl/d gross/484 bbl/d net).
Serinus Energy (SEN LN): FY22 results – FY22 production was 889 boe/d including 379 boe/d in Romania and 510 boe/d in Tunisia.


Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

VAC Investments

<h2>Oil Price</h2><p>Crude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases at their meeting later this month. WTI ended the week at USD 65.67/bbl (flat w/w) while Brent ended at USD 76.37/bbl. Crucially, the Brent/WTI spread remains elevated at c.USD 11/bbl, likely driven by continued robust US production growth. </p><hr><h2>Last Week in E&amp;Ps</h2><p><strong><a href="https://www.smartkarma.com/entities/22143" target="_blank" data-smartkarma-citation="entities:22143:1">Soco International PLC (SIA LN)</a></strong> ,<strong> 07 Jun</strong> - We like Soco's high-quality Vietnam production and…</p>

Oil PriceCrude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases at their meeting later this month. WTI ended the week at USD 65.67/bbl (flat w/w) while Brent ended at USD 76.37/bbl. Crucially, the Brent/WTI spread remains elevated at c.USD 11/bbl, likely driven by continued robust US production growth. Last Week in E&amp;PsSoco International PLC (SIA LN) , 07 Jun - We like Soco's high-quality Vietnam production and…

<h2>Oil Price</h2><p>Crude Oil had a strong week, with WTI and Brent +10% over the week, closing at USD 65.87/bbl and USD 70.5/bbl, respectively. The significant outperformance was largely driven by heightened geopolitical risk around the Iran Nuclear Deal, continued strong oil demand growth YTD in 2018, and an increased likelihood that the OPEC/Russia deal goalposts could be moved to extend it beyond Y/e-18. Crucially, we would argue the equity markets remain sceptical of the recent rally, with the…</p>

Oil PriceCrude Oil had a strong week, with WTI and Brent +10% over the week, closing at USD 65.87/bbl and USD 70.5/bbl, respectively. The significant outperformance was largely driven by heightened geopolitical risk around the Iran Nuclear Deal, continued strong oil demand growth YTD in 2018, and an increased likelihood that the OPEC/Russia deal goalposts could be moved to extend it beyond Y/e-18. Crucially, we would argue the equity markets remain sceptical of the recent rally, with the…

Energy Expert

Thierry Bros, PhD

Thierrybros.com

<p>As mentioned on 31 January 2017 in <a href="https://www.smartkarma.com/insights/energy-who-could-benefit-from-brexit" target="_blank" data-smartkarma-citation="insights:8488">Energy: Who Could Benefit from Brexit?</a>, "Independent trading houses operating in Europe (like <a href="https://www.smartkarma.com/entities/764" target="_blank" data-smartkarma-citation="entities:764:1">Glencore Plc (GLEN LN)</a>, Trafigura or Vitol) would be able to take advantage of the increased volatility and spread" and "some LNG producers close to Europe and LNG portfolio players would be able to arbitrage the EU vs the UK". Since this publication, Trafigura is seeking to reopen an LNG import terminal in the UK. </p><p>Enjoy a short updated <a href="https://www.dukascopy.com/tv/en#206316" target="_blank">webcast</a>, where I reiterate the 3…</p>

As mentioned on 31 January 2017 in Energy: Who Could Benefit from Brexit?, "Independent trading houses operating in Europe (like Glencore Plc (GLEN LN), Trafigura or Vitol) would be able to take advantage of the increased volatility and spread" and "some LNG producers close to Europe and LNG portfolio players would be able to arbitrage the EU vs the UK". Since this publication, Trafigura is seeking to reopen an LNG import terminal in the UK. Enjoy a short updated webcast, where I reiterate the 3…

Independent Trading Houses to Benefit from Brexit

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)

Auctus on Friday - 26/05/2023

Hartshead Resources (HHR AU)C; target price of A$0.18 per share: On tack for first gas in 2025 – The FDP for Phase I is nearing completion and will...

Auctus Advisors

Auctus on Friday - 24/03/2023

Arrow Exploration (AXL LN) C; Target price of £0.45 per share: Good flow rate at RCE-4 – The RCE-4 well has been put in production.

Auctus Advisors

Global E&Ps: Energy Weekly Vol. 20

Oil PriceCrude Oil prices remained fairly flat for the week, with markets awaiting further clarity on OPEC + Russia's likely production increases...

Aaditya Chintalapati, CFA

Global E&Ps: Energy Weekly Vol. 14

Oil PriceCrude Oil had a strong week, with WTI and Brent +10% over the week, closing at USD 65.87/bbl and USD 70.5/bbl, respectively. The...

Aaditya Chintalapati, CFA

Independent Trading Houses to Benefit from Brexit

As mentioned on 31 January 2017 in Energy: Who Could Benefit from Brexit?, "Independent trading houses operating in Europe (like Glencore Plc (GLEN...

Thierry Bros, PhD

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