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>From January to April 2025, production averaged 26.5 mboe/d.</li>
<li>This is consistent with 1Q25 production of 27.6 mboe/d, which benefited from one month of output from Triton.</li>
<li>Repairs at Triton have been completed, and production remains on track to restart in June.</li>
</ul>


From January to April 2025, production averaged 26.5 mboe/d.
This is consistent with 1Q25 production of 27.6 mboe/d, which benefited from one month of output from Triton.
Repairs at Triton have been completed, and production remains on track to restart in June.


Serica Energy Plc (AIM: SQZ): Another very good well result. Triton on track

<ul>
<li>The envisaged merger between EnQuest and Serica is not proceeding at this time.</li>
<li>Given the drop in Brent since the potential transaction leaked on 7 March, this outcome is unsurprising.</li>
<li>Given Serica’s prospects as a standalone company, there was no imperative for the company to force a deal.</li>
</ul>


The envisaged merger between EnQuest and Serica is not proceeding at this time.
Given the drop in Brent since the potential transaction leaked on 7 March, this outcome is unsurprising.
Given Serica’s prospects as a standalone company, there was no imperative for the company to force a deal.


Serica Energy Plc (AIM: SQZ): Catalysts Ahead

<ul>
<li>Production at Triton has been suspended due to issues caused by Storm Éowyn, which resulted in minor damage to one of the cargo tanks.</li>
<li>While preparing to conduct repairs, an integrity issue with a coupling in the inert gas line required for purging the tanks was identified.</li>
<li>The FPSO remains offline pending identification of the root cause.</li>
</ul>


Production at Triton has been suspended due to issues caused by Storm Éowyn, which resulted in minor damage to one of the cargo tanks.
While preparing to conduct repairs, an integrity issue with a coupling in the inert gas line required for purging the tanks was identified.
The FPSO remains offline pending identification of the root cause.


Serica Energy Plc (AIM: SQZ): Triton Shut Down Until March

<ul>
<li>FY24 production of 34.6 mboe/d had been reported previously.</li>
<li>The GE-05 well (Serica WI: 100%) has been brought into production at a stable rate of 6 mbbl/d after having flowed 9 mbbl/d on test.</li>
<li>This exceeds our estimate of 3 mbbl/d.</li>
</ul>


FY24 production of 34.6 mboe/d had been reported previously.
The GE-05 well (Serica WI: 100%) has been brought into production at a stable rate of 6 mbbl/d after having flowed 9 mbbl/d on test.
This exceeds our estimate of 3 mbbl/d.


Serica Energy Plc: 40 Mboe/D Production in 2025. Expect Generous Shareholders’ Distribution in 2025

<ul>
<li>Triton production resumed on 27 December 2024 following a shut-down of about three weeks, within the guidance of two to four weeks.</li>
<li>There was brief period of unscheduled downtime at Bruce due to a subsea intervention associated with the Rhum field.</li>
<li>Production at Bruce has now resumed.</li>
</ul>


Triton production resumed on 27 December 2024 following a shut-down of about three weeks, within the guidance of two to four weeks.
There was brief period of unscheduled downtime at Bruce due to a subsea intervention associated with the Rhum field.
Production at Bruce has now resumed.


Serica Energy Plc (AIM: SQZ): Triton Back on Stream. Compressor Vulnerability to Be Fixed in 1Q25.

United Kingdom

Serica Energy is a UK-based independent upstream oil and gas company with operations focused on the UK North Sea. It specializes in identifying, acquiring, exploiting, and producing oil and gas reserves, managing a portfolio of energy fields to extract hydrocarbons. The company operates assets such as the Bruce, Keith, and Rhum fields in the UK Northern North Sea, as well as the Columbus Field, Triton FPSO, and Mansell field in the Central North Sea. Headquartered in London, United Kingdom, the company was founded in 2004.

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Serica Energy (SQZ LN)

Serica Energy Plc (AIM: SQZ): Another very good well result. Triton on track

From January to April 2025, production averaged 26.5 mboe/d. This is consistent with 1Q25 production of 27.6 mboe/d, which benefited from one month...

Auctus Advisors

Serica Energy Plc (AIM: SQZ): Catalysts Ahead

The envisaged merger between EnQuest and Serica is not proceeding at this time.Given the drop in Brent since the potential transaction leaked on 7...

Auctus Advisors

Serica Energy Plc (AIM: SQZ): Triton Shut Down Until March

Production at Triton has been suspended due to issues caused by Storm Éowyn, which resulted in minor damage to one of the cargo tanks.

Auctus Advisors

Serica Energy Plc: 40 Mboe/D Production in 2025. Expect Generous Shareholders’ Distribution in 2025

FY24 production of 34.6 mboe/d had been reported previously. The GE-05 well (Serica WI: 100%) has been brought into production at a stable rate of...

Auctus Advisors

Serica Energy Plc (AIM: SQZ): Triton Back on Stream. Compressor Vulnerability to Be Fixed in 1Q25.

Triton production resumed on 27 December 2024 following a shut-down of about three weeks, within the guidance of two to four weeks.

Auctus Advisors

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