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>Net production at Nong Yao has reached a stable level of ~12.1 mbbl/d. This compares with 6.3 mbbl/d in 2Q24.</li>
<li>This production, when combined with the Wassana field being back online, has resulted in stable aggregate WI oil production over the past week of 26.2 mbbl/d.</li>
<li>We are assuming only 20.4 mbbl/d for 3Q24, which might be too conservative.</li>
</ul>


Net production at Nong Yao has reached a stable level of ~12.1 mbbl/d. This compares with 6.3 mbbl/d in 2Q24.
This production, when combined with the Wassana field being back online, has resulted in stable aggregate WI oil production over the past week of 26.2 mbbl/d.
We are assuming only 20.4 mbbl/d for 3Q24, which might be too conservative.


Valeura Energy: Production Guidance Re-Iterated but Lower Capex and Additional Resources

<ul><li>• The 2Q24 production and the cash position at the end of June had previously been reported.</li><li>• Development drilling at Nong Yao C has been completed with the 6 development wells encountering the reservoirs in line with expectations.</li><li>One appraisal well was successful and will be converted into a seventh production well.</li></ul>

• The 2Q24 production and the cash position at the end of June had previously been reported.• Development drilling at Nong Yao C has been completed with the 6 development wells encountering the reservoirs in line with expectations.One appraisal well was successful and will be converted into a seventh production well.

Valeura Energy (TSX: VLE): Production guidance re-iterated but lower capex and additional resources

<ul>
<li>Through advanced underwater inspection, including magnetic particle inspection, Valeura has concluded that the observed anomaly (a crack within a weld) on the Wassana MOPU is superficial, and accordingly does not constitute a risk to the structural integrity of the facility.</li>
<li>Valeura has begun the process of restarting production operations and anticipates achieving pre-suspension oil production rates of ~5,000 bbl/d within a week.</li>
<li>Valeura is looking to accelerate the redevelopment of the Wassana field.</li>
</ul>


Through advanced underwater inspection, including magnetic particle inspection, Valeura has concluded that the observed anomaly (a crack within a weld) on the Wassana MOPU is superficial, and accordingly does not constitute a risk to the structural integrity of the facility.
Valeura has begun the process of restarting production operations and anticipates achieving pre-suspension oil production rates of ~5,000 bbl/d within a week.
Valeura is looking to accelerate the redevelopment of the Wassana field.


Valeura Energy (TSX: VLE): Wassana production restart

<ul>
<li>2Q24 production was 21.1 mbbl/d, which was very close to our expectations (21.3 mbbl/d).</li>
<li> Production is expected to increase in 3Q24 with the start-up of production at Nong Yao C.</li>
<li>Half of the planned drilling targets have already been drilled.</li>
</ul>


2Q24 production was 21.1 mbbl/d, which was very close to our expectations (21.3 mbbl/d).
 Production is expected to increase in 3Q24 with the start-up of production at Nong Yao C.
Half of the planned drilling targets have already been drilled.


Valeura Energy (TSX: VLE): Operational blip offers an opportunity for investors

<ul>
<li>Production at Wassana has been suspended following the discovery of a crack within one of the MOPU’s steel jack-up legs that could pose a risk to the structural integrity of the MOPU.</li>
<li>The company is conducting further inspections and analysis to plan next steps.</li>
<li>Further visibility is expected in the coming weeks.</li>
</ul>


Production at Wassana has been suspended following the discovery of a crack within one of the MOPU’s steel jack-up legs that could pose a risk to the structural integrity of the MOPU.
The company is conducting further inspections and analysis to plan next steps.
Further visibility is expected in the coming weeks.


Valeura Energy (TSX: VLE): Operational Blip Offers an Opportunity for Investors

Canada

Valeura Energy Inc. operates as an exploration company. The Company engages in the development and production of petroleum and natural gas. Valeura Energy focuses on growing its resource base and production in the Thrace Basin in Northwest Turkey.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Valeura Energy Inc (VLE CN)

Valeura Energy: Production Guidance Re-Iterated but Lower Capex and Additional Resources

This production, when combined with the Wassana field being back online, has resulted in stable aggregate WI oil production over the past week of...

Auctus Advisors

Valeura Energy (TSX: VLE): Production guidance re-iterated but lower capex and additional resources

• The 2Q24 production and the cash position at the end of June had previously been reported. • Development drilling at Nong Yao C has been...

Auctus Advisors

Valeura Energy (TSX: VLE): Wassana production restart

Through advanced underwater inspection, including magnetic particle inspection, Valeura has concluded that the observed anomaly (a crack within a...

Auctus Advisors

Valeura Energy (TSX: VLE): Operational blip offers an opportunity for investors

2Q24 production was 21.1 mbbl/d, which was very close to our expectations (21.3 mbbl/d). Production is expected to increase in 3Q24 with the start...

Auctus Advisors

Valeura Energy (TSX: VLE): Operational Blip Offers an Opportunity for Investors

Production at Wassana has been suspended following the discovery of a crack within one of the MOPU’s steel jack-up legs that could pose a risk to...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)