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>Longboat expect to have a £9 mm in cash at YE22.</li><li>The size of the EFF is being increased from £49 mm to ~£65 mm with the availability period extended to YE24.</li><li>This is expected to be funded with YE22 cash (~£9 mm), drawings on the EFF (~£15 mm) and the proceeds from the tax refund in November 2023, net of the repayment of the amount drawn on the EFF at YE22 (net inflow of ~£2 mm).</li></ul>

Longboat expect to have a £9 mm in cash at YE22.The size of the EFF is being increased from £49 mm to ~£65 mm with the availability period extended to YE24.This is expected to be funded with YE22 cash (~£9 mm), drawings on the EFF (~£15 mm) and the proceeds from the tax refund in November 2023, net of the repayment of the amount drawn on the EFF at YE22 (net inflow of ~£2 mm).

Longboat Energy plc (AIM: LBE): Balance sheet reflections