Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

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 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>• Corporate production, including Thorsby, is now above 6 mboe/d.</li><li>Our 4Q26 forecast of 5.7 mboe/d therefore looks conservative.</li><li>• Backing out ~550 boe/d from Thorsby implies Colombia production of ~5.45 mbbl/d, above the ~5 mbbl/d reported on 7 August, despite no new wells being added.</li></ul>

• Corporate production, including Thorsby, is now above 6 mboe/d.Our 4Q26 forecast of 5.7 mboe/d therefore looks conservative.• Backing out ~550 boe/d from Thorsby implies Colombia production of ~5.45 mbbl/d, above the ~5 mbbl/d reported on 7 August, despite no new wells being added.

Arrow Exploration Corp. (AIM: AXL): Stronger‑than‑expected production; Icaco drilling programme expanded again