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.

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.</li><li>Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.</li><li>See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.

Equity Bottom-Up

<ul>
<li>Zephyr has been awarded a further 27,000 acres in Utah, effectively doubling its leasehold position surrounding the White Sands Unit (WSU) within the Paradox project.</li>
<li>Most of the leases carry a 10‑yr initial term.</li>
<li>The leasing round proved more competitive than anticipated, underscoring rising industry interest in the Paradox Basin—particularly as Utah advances multiple large‑scale hyperscale and AI data‑centre developments that will increase regional natural gas andenergy demand.</li>
</ul>


Zephyr has been awarded a further 27,000 acres in Utah, effectively doubling its leasehold position surrounding the White Sands Unit (WSU) within the Paradox project.
Most of the leases carry a 10‑yr initial term.
The leasing round proved more competitive than anticipated, underscoring rising industry interest in the Paradox Basin—particularly as Utah advances multiple large‑scale hyperscale and AI data‑centre developments that will increase regional natural gas andenergy demand.


Zephyr Energy Plc (AIM: ZPHR): Likely resources boost in the Paradox

Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

<ul>
<li>The minerals exploration and development Company notes the release of an announcement by its joint venture partner, West Coast Silver Limited, regarding the Elizabeth Hill Silver Project.</li>
<li>The announcement outlines assay results for the first 17 of 32 reverse circulation (RC) drill holes completed in May 2026 at the project, located near Karratha in Western Australia's Pilbara region.</li>
<li>The RC drilling has significantly increased the scale of silver mineralisation up to 70m north of the Elizabeth Hill April 2026 maiden mineral resource estimate, confirming the mineralised system is open at depth and along strike, with multiple holes ending in mineralisation in the Munni Munni Fault Zone. </li>
</ul>


The minerals exploration and development Company notes the release of an announcement by its joint venture partner, West Coast Silver Limited, regarding the Elizabeth Hill Silver Project.
The announcement outlines assay results for the first 17 of 32 reverse circulation (RC) drill holes completed in May 2026 at the project, located near Karratha in Western Australia's Pilbara region.
The RC drilling has significantly increased the scale of silver mineralisation up to 70m north of the Elizabeth Hill April 2026 maiden mineral resource estimate, confirming the mineralised system is open at depth and along strike, with multiple holes ending in mineralisation in the Munni Munni Fault Zone. 


Zephyr Energy Plc - Hybridan Small Cap Feast: 9 June 2026

<ul>
<li>1Q26 production averaged 918 boe/d (71% oil).</li>
<li>Including NGL volumes, we estimate total output of ~1,045 boe/d, ahead of our prior forecast of ~1,000 boe/d.</li>
<li>This is a particularly solid performance given that 1Q26 volumes were negatively affected by a January cold snap that temporarily shut in some production.</li>
</ul>


1Q26 production averaged 918 boe/d (71% oil).
Including NGL volumes, we estimate total output of ~1,045 boe/d, ahead of our prior forecast of ~1,000 boe/d.
This is a particularly solid performance given that 1Q26 volumes were negatively affected by a January cold snap that temporarily shut in some production.


Zephyr Energy Plc (AIM: ZPHR): Solid production in 1Q26. Unexpected recovery of US$ 1 mm

<ul><li>• Enbridge, the owner and operator of the 16‑inch gas pipeline connecting Zephyr’s Powerline Road Gas Plant to the Northwest Pipeline operated by Williams Companies, Inc., has completed a detailed technical review of the in‑line inspection results of the pipeline • The inspection confirmed that the pipeline is structurally sound at current operating pressures, with no repairs required and no immediate integrity concerns.</li><li>• This represents a critical milestone toward delivering first gas from the Paradox project.</li><li>The regulatory approval process required to increase pipeline operating pressure to enable gas transport to the Northwest Pipeline can now begin.</li></ul>

• Enbridge, the owner and operator of the 16‑inch gas pipeline connecting Zephyr’s Powerline Road Gas Plant to the Northwest Pipeline operated by Williams Companies, Inc., has completed a detailed technical review of the in‑line inspection results of the pipeline • The inspection confirmed that the pipeline is structurally sound at current operating pressures, with no repairs required and no immediate integrity concerns.• This represents a critical milestone toward delivering first gas from the Paradox project.The regulatory approval process required to increase pipeline operating pressure to enable gas transport to the Northwest Pipeline can now begin.

Zephyr Energy Plc (AIM: ZPHR): Successful completion of the Paradox gas pipeline in-line inspection process

United Kingdom

Zephyr Energy is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. It engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company is headquartered in Newbury, United Kingdom, and was incorporated in 2002.

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Zephyr Energy (ZPHR LN)

AUCTUS ON FRIDAY - 25.09.2026

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising...

Auctus Advisors

Zephyr Energy Plc (AIM: ZPHR): Likely resources boost in the Paradox

Zephyr has been awarded a further 27,000 acres in Utah, effectively doubling its leasehold position surrounding the White Sands Unit (WSU) within...

Auctus Advisors

Zephyr Energy Plc - Hybridan Small Cap Feast: 9 June 2026

The minerals exploration and development Company notes the release of an announcement by its joint venture partner, West Coast Silver Limited,...

Hybridan

Zephyr Energy Plc (AIM: ZPHR): Solid production in 1Q26. Unexpected recovery of US$ 1 mm

This is a particularly solid performance given that 1Q26 volumes were negatively affected by a January cold snap that temporarily shut in some...

Auctus Advisors

Zephyr Energy Plc (AIM: ZPHR): Successful completion of the Paradox gas pipeline in-line inspection process

• Enbridge, the owner and operator of the 16‑inch gas pipeline connecting Zephyr’s Powerline Road Gas Plant to the Northwest Pipeline operated by...

Auctus Advisors

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