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>The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of ~US$155 mm.</li>
<li>The group benefits from a dual listing in London and Toronto.</li>
<li>The enlarged platform offers exposure to a geographically diverse set of exploration and appraisal assets, unified by common geological themes on both sides of the South Atlantic conjugate margin.</li>
</ul>


The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of ~US$155 mm.
The group benefits from a dual listing in London and Toronto.
The enlarged platform offers exposure to a geographically diverse set of exploration and appraisal assets, unified by common geological themes on both sides of the South Atlantic conjugate margin.


Sintana Energy Inc. (TSX-V: SEI): Materiality and Diversification

<ul>
<li>Sintana is acquiring Challenger Energy in an all-share transaction under which Challenger shareholders will receive 0.4705 new Sintana shares for each Challenger share held.</li>
<li>Challenger shareholders will hold ~25% of the combined entity on completion.</li>
<li>Challenger holds interests in two exploration licences, offshore Uruguay.</li>
</ul>


Sintana is acquiring Challenger Energy in an all-share transaction under which Challenger shareholders will receive 0.4705 new Sintana shares for each Challenger share held.
Challenger shareholders will hold ~25% of the combined entity on completion.
Challenger holds interests in two exploration licences, offshore Uruguay.


Sintana Energy Inc. (TSX-V: SEI): Widening high impact exploration footprint with deeper relationship with Chevron

<ul>
<li>The Mopane-2A well at PEL-83 found a hydrocarbon column of gas-condensate in AVO-3 with a thin net pay in the reservoir sweet spot.</li>
<li>Encountering AVO-3 at Mopane-2A confirms the lateral extent of the reservoir.</li>
<li>The thin net pay is in line with the geological model.</li>
</ul>


The Mopane-2A well at PEL-83 found a hydrocarbon column of gas-condensate in AVO-3 with a thin net pay in the reservoir sweet spot.
Encountering AVO-3 at Mopane-2A confirms the lateral extent of the reservoir.
The thin net pay is in line with the geological model.


Sintana Energy Inc. : Mopane-2A Encounters Gas Condensate in the Sweet Spot

<ul>
<li>Galp has received multiple non-binding offers from reputable parties for a stake in PEL 83, home to the Mopane discovery.</li>
<li>The company is actively engaging with several counterparties, aiming to announce a farm-in partner by YE25.</li>
<li>These counterparties bring strong operatorship credentials and have prioritized Namibia within their corporate strategies.</li>
</ul>


Galp has received multiple non-binding offers from reputable parties for a stake in PEL 83, home to the Mopane discovery.
The company is actively engaging with several counterparties, aiming to announce a farm-in partner by YE25.
These counterparties bring strong operatorship credentials and have prioritized Namibia within their corporate strategies.


Sintana Energy Inc. (TSX-V: SEI): Multiple offers received by Galp for Mopane

<ul>
<li>Sintana has agreed terms to acquire a 5% net interest in KON-16 onshore Angola from Corcel for US$2.5 mm.</li>
<li>In addition, Sintana will receive a 2.5% net profit interest on 71.5% of KON-16 until reaching US$50 mm, after which the net profit interest reduces to 1.5%.</li>
<li>There are multiple post-salt (shallow) and pre-salt (deeper) prospects that were highlighted by 2010 2D seismic.</li>
</ul>


Sintana has agreed terms to acquire a 5% net interest in KON-16 onshore Angola from Corcel for US$2.5 mm.
In addition, Sintana will receive a 2.5% net profit interest on 71.5% of KON-16 until reaching US$50 mm, after which the net profit interest reduces to 1.5%.
There are multiple post-salt (shallow) and pre-salt (deeper) prospects that were highlighted by 2010 2D seismic.


Sintana Energy Inc. (TSX-V: SEI): Adding High Impact Exploration Onshore Angola

Canada

Sintana Energy Inc. produces and distributes petroleum products. The Company acquires, develops, explores, and produces oil and gas. Sintana Energy serves customers in North and South America.

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Sintana Energy (SEI CN)

Sintana Energy Inc. (TSX-V: SEI): Materiality and Diversification

The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Widening high impact exploration footprint with deeper relationship with Chevron

Sintana is acquiring Challenger Energy in an all-share transaction under which Challenger shareholders will receive 0.4705 new Sintana shares for...

Auctus Advisors

Sintana Energy Inc. : Mopane-2A Encounters Gas Condensate in the Sweet Spot

The Mopane-2A well at PEL-83 found a hydrocarbon column of gas-condensate in AVO-3 with a thin net pay in the reservoir sweet spot.

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Multiple offers received by Galp for Mopane

Galp has received multiple non-binding offers from reputable parties for a stake in PEL 83, home to the Mopane discovery. The company is actively...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Adding High Impact Exploration Onshore Angola

In addition, Sintana will receive a 2.5% net profit interest on 71.5% of KON-16 until reaching US$50 mm, after which the net profit interest...

Auctus Advisors

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