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>Galp Energia has announced a second discovery of light oil in deeper and high quality reservoir sands at the Mopane-1X exploration well on PEL83.</li>
<li>This follows the light oil discovery in shallower sands announced earlier this month.</li>
<li>Busy programme on the Shell’s block (south of PEL83) Shell operates PEL 39 that is located just south of PEL83.</li>
</ul>


Galp Energia has announced a second discovery of light oil in deeper and high quality reservoir sands at the Mopane-1X exploration well on PEL83.
This follows the light oil discovery in shallower sands announced earlier this month.
Busy programme on the Shell’s block (south of PEL83) Shell operates PEL 39 that is located just south of PEL83.


Sintana Energy Inc. (TSX-V: SEI): Second Light Oil Discovery at PEL83

<ul>
<li>Galp Energia has announced a major discovery of light oil in reservoir sands of high quality at the Mopane-1X exploration well on PEL83.</li>
<li>Pending the results of the well test, this could be very material to Sintana.</li>
<li>We note that Sintana will be carried to commercial production by Galp, resulting in no dilution associated with funding the development of PEL83.</li>
</ul>


Galp Energia has announced a major discovery of light oil in reservoir sands of high quality at the Mopane-1X exploration well on PEL83.
Pending the results of the well test, this could be very material to Sintana.
We note that Sintana will be carried to commercial production by Galp, resulting in no dilution associated with funding the development of PEL83.


Sintana Energy Inc. (TSX-V: SEI): Major discovery at PEL83

<ul>
<li>Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s hottest exploration spots.</li>
<li>Exploration drilling is about to start on Sintana’s blocks, with at least 4 wells expected from 4Q23 to 4Q24.</li>
<li>Sintana holds an effective 4.9% interest in block PEL 83, located just north of Shell’s &gt;5 bnbbl discoveries.</li>
</ul>


Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s hottest exploration spots.
Exploration drilling is about to start on Sintana’s blocks, with at least 4 wells expected from 4Q23 to 4Q24.
Sintana holds an effective 4.9% interest in block PEL 83, located just north of Shell’s &gt;5 bnbbl discoveries.


Sintana Energy Inc. (TSX-V: SEI): Initiating Coverage

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): Second Light Oil Discovery at PEL83

Galp Energia has announced a second discovery of light oil in deeper and high quality reservoir sands at the Mopane-1X exploration well on PEL83.

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Major discovery at PEL83

Galp Energia has announced a major discovery of light oil in reservoir sands of high quality at the Mopane-1X exploration well on PEL83. Pending...

Auctus Advisors

Sintana Energy Inc. (TSX-V: SEI): Initiating Coverage

Sintana Energy is a ~C$75 mm market cap TSX listed explorer that provides unique exposure to the Orange Basin, offshore Namibia, one of the world’s...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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