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 federal drilling permit to start drilling State 36-2 LNW-CC well has not been received yet.</li><li>This reflects a backlog in issuing drilling permits.</li><li>Meanwhile Zephyr has already completed construction of the shared pad on which the State 36-2 LNW-CC and the State 36-3 LN-C9 wells will be located.</li></ul>

The federal drilling permit to start drilling State 36-2 LNW-CC well has not been received yet.This reflects a backlog in issuing drilling permits.Meanwhile Zephyr has already completed construction of the shared pad on which the State 36-2 LNW-CC and the State 36-3 LN-C9 wells will be located.

Zephyr Energy Plc (AIM: ZPHR) - Minor Delays to Drilling Start.

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)

Zephyr Energy Plc (AIM: ZPHR) - Minor Delays to Drilling Start.

The federal drilling permit to start drilling State 36-2 LNW-CC well has not been received yet. This reflects a backlog in issuing drilling permits.

Auctus Advisors

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