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 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.

<ul>
<li>Serica is acquiring the UK assets of the Parkmead Group for an initial consideration US$6.5 mm in cash.</li>
<li>The transaction includes 50% WI in the Skerryvore prospect (Serica already owns 20%) and 50% in Fynn Beauly (heavy oil discovery).</li>
<li>An additional deferred consideration of US$11.7 mm will be paid in stages over the next 3 years.</li>
</ul>


Serica is acquiring the UK assets of the Parkmead Group for an initial consideration US$6.5 mm in cash.
The transaction includes 50% WI in the Skerryvore prospect (Serica already owns 20%) and 50% in Fynn Beauly (heavy oil discovery).
An additional deferred consideration of US$11.7 mm will be paid in stages over the next 3 years.


Serica Energy Plc (AIM: SQZ): Compressor at Triton down for 2-4 weeks

<ul>
<li>After resumption of production at the Triton FPSO last week, an issue with one of the compressor seals has been discovered which has resulted in production being suspended.</li>
<li>These repairs are expected to take 2-4 weeks.</li>
<li>We are now cautiously assuming that Triton will be offline until YE24.</li>
</ul>


After resumption of production at the Triton FPSO last week, an issue with one of the compressor seals has been discovered which has resulted in production being suspended.
These repairs are expected to take 2-4 weeks.
We are now cautiously assuming that Triton will be offline until YE24.


Serica Energy Plc (AIM: SQZ): Compressor at Triton Down for 2-4 Weeks

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): 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

Serica Energy Plc (AIM: SQZ): Compressor at Triton down for 2-4 weeks

The transaction includes 50% WI in the Skerryvore prospect (Serica already owns 20%) and 50% in Fynn Beauly (heavy oil discovery).

Auctus Advisors

Serica Energy Plc (AIM: SQZ): Compressor at Triton Down for 2-4 Weeks

After resumption of production at the Triton FPSO last week, an issue with one of the compressor seals has been discovered which has resulted in...

Auctus Advisors

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