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 Mopane-2A appraisal well (the 4th well to be drilled at Mopane) has been spud.</li>
<li>The purpose of the well is to appraise the AVO-3 that had been discovered at Mopane-2X located ~8km to the northeast.</li>
<li>This appraisal well has been prioritized following the Mopane-1A success.</li>
</ul>


The Mopane-2A appraisal well (the 4th well to be drilled at Mopane) has been spud.
The purpose of the well is to appraise the AVO-3 that had been discovered at Mopane-2X located ~8km to the northeast.
This appraisal well has been prioritized following the Mopane-1A success.


Sintana Energy Inc. (TSX-V: SEI): More Drilling in Namibia

<ul>
<li>Galp has announced that the Mopane-1A appraisal well (the third well to be drilled at Mopane) has encountered light oil and gas-condensate in high quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimum CO2 and no H2S concentrations.</li>
<li>While limited information is available, we view the very good reservoir characteristics as a positive.</li>
<li>In addition, we note the reference to the presence of light oil in addition to gas condensate.</li>
</ul>


Galp has announced that the Mopane-1A appraisal well (the third well to be drilled at Mopane) has encountered light oil and gas-condensate in high quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimum CO2 and no H2S concentrations.
While limited information is available, we view the very good reservoir characteristics as a positive.
In addition, we note the reference to the presence of light oil in addition to gas condensate.


Sintana Energy Inc. (TSX-V: SEI): Positive well results at Mopane

<ul>
<li>~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months.</li>
<li>This is very material and is expected to attract the attention of investors.</li>
<li>Sintana provides exposure to three out of the six licences with high impact drilling.</li>
</ul>


~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months.
This is very material and is expected to attract the attention of investors.
Sintana provides exposure to three out of the six licences with high impact drilling.


Sintana Energy Inc. (TSX-V: SEI): Pure Play on the World’s Exploration Hotspot

<ul>
<li>Drilling operations have started at the Mopane 1-A appraisal well on PEL 83.</li>
<li>This appraisal well is the first of an up to four well programme potentially consisting of two appraisal wells and two exploration wells.</li>
<li>While the programme is expected to increase the value of this asset, this comes at no cost to Sintana as they are fully carried by Galp.</li>
</ul>


Drilling operations have started at the Mopane 1-A appraisal well on PEL 83.
This appraisal well is the first of an up to four well programme potentially consisting of two appraisal wells and two exploration wells.
While the programme is expected to increase the value of this asset, this comes at no cost to Sintana as they are fully carried by Galp.


Sintana Energy Inc. (TSX-V: SEI): Drilling on multiple licences in coming months

<ul>
<li>Chevron is acquiring an 80% WI in PEL82 in the Walvis Basin, offshore north Namibia.</li>
<li>As a result of the transaction NAMCOR and Custos’ 10% (each) residual interest will be carried. Sintana holds 49% of Custos.</li>
<li>The Orange Basin’s acreage is now in the hands of multiple large companies.</li>
</ul>


Chevron is acquiring an 80% WI in PEL82 in the Walvis Basin, offshore north Namibia.
As a result of the transaction NAMCOR and Custos’ 10% (each) residual interest will be carried. Sintana holds 49% of Custos.
The Orange Basin’s acreage is now in the hands of multiple large companies.


Sintana Energy Inc. (TSX-V: SEI): Chevron farm-in rerates a new area in Namibia

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): More Drilling in Namibia

The purpose of the well is to appraise the AVO-3 that had been discovered at Mopane-2X located ~8km to the northeast. This appraisal well has been...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Positive well results at Mopane

Galp has announced that the Mopane-1A appraisal well (the third well to be drilled at Mopane) has encountered light oil and gas-condensate in high...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Pure Play on the World’s Exploration Hotspot

~11 high impact appraisal/exploration wells will be drilled on various licences in Namibia over the coming months. This is very material and is...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Drilling on multiple licences in coming months

This appraisal well is the first of an up to four well programme potentially consisting of two appraisal wells and two exploration wells.

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Chevron farm-in rerates a new area in Namibia

As a result of the transaction NAMCOR and Custos’ 10% (each) residual interest will be carried. Sintana holds 49% of Custos.

Auctus Advisors

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52-week Range

Market Cap (USDm)

P/E

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