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

Arrow Exploration Corp / Equity Bottom-Up

Arrow Exploration Corp. is a public junior oil and gas company. The Company focuses in the acquisition, exploration, and development of oil and gas properties in Colombia and in Western Canada.

<ul>
<li>M-HZ7, the first horizontal well at Mateguafa Attic, has been brought onstream in the C9 zone.</li>
<li>It is producing on a small choke (25/128) at a restricted gross oil rate of 1,694 bbl/d (847 bbl/d net to Arrow), with oil quality of 30.6° API and a 4% water cut.</li>
<li>This initial rate is approximately double that of the M-6 vertical well.</li>
</ul>


M-HZ7, the first horizontal well at Mateguafa Attic, has been brought onstream in the C9 zone.
It is producing on a small choke (25/128) at a restricted gross oil rate of 1,694 bbl/d (847 bbl/d net to Arrow), with oil quality of 30.6° API and a 4% water cut.
This initial rate is approximately double that of the M-6 vertical well.


Arrow Exploration Corp. (AIM: AXL): High flow rate at first Mateguafa Hz well firms-up the upside case

Sintana Energy Inc. produces and distributes petroleum products. The Company acquires, develops, explores, and produces oil and gas. Sintana Energy serves customers in North and South America.

<ul>
<li>The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of ~US$155 mm.</li>
<li>The group benefits from a dual listing in London and Toronto.</li>
<li>The enlarged platform offers exposure to a geographically diverse set of exploration and appraisal assets, unified by common geological themes on both sides of the South Atlantic conjugate margin.</li>
</ul>


The completion of the acquisition by Sintana of Challenger creates one of the largest listed exploration-focused companies with a market cap of ~US$155 mm.
The group benefits from a dual listing in London and Toronto.
The enlarged platform offers exposure to a geographically diverse set of exploration and appraisal assets, unified by common geological themes on both sides of the South Atlantic conjugate margin.


Sintana Energy Inc. (TSX-V: SEI): Materiality and Diversification

Serica Energy PLC explores for and extracts oil and natural gas.  The Company operates primarily in the United Kingdom and Indonesia.

<ul>
<li>Serica is acquiring a Southern North Sea (SNS) asset package from Spirit Energy for ~US$74 mm, with an effective economic date of 1 January 2025.</li>
<li>The assets produced 13.5 mboe/d in 1H25 (96% gas) and hold 18.7 mmboe of 2P reserves.</li>
<li>Completion is expected in 2H26, with an expected modest cash payment at closing.</li>
</ul>


Serica is acquiring a Southern North Sea (SNS) asset package from Spirit Energy for ~US$74 mm, with an effective economic date of 1 January 2025.
The assets produced 13.5 mboe/d in 1H25 (96% gas) and hold 18.7 mmboe of 2P reserves.
Completion is expected in 2H26, with an expected modest cash payment at closing.


Serica Energy Plc (AIM: SQZ): Another Accretive Gas Acquisition

Thematic (Sector/Industry)

<ul>
<li>Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026 – Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.</li>
<li>Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.</li>
<li>In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.</li>
</ul>


Corcel (CRCL LN)C; Target price of 1.40p per share: Equity raise from blue chip new investors bolsters balance sheet ahead of busy 2026 – Corcel has raised £3 mm of new equity at a price of 0.35 p per share from two blue chip new investors.
Following the raise, Corcel’s cash balance is expected to reach ~£6 mm by YE25.
In addition, Sintana Energy will pay Corcel ~US$2 mm in cash upon closing the acquisition of a 5% interest in KON‑16.


Pharos Energy PLC is an independent oil and gas exploration and production company. The Company focuses on growth and returns to stakeholders, headquartered in London and listed on the London Stock Exchange. Pharos Energy has production, development, and exploration interests in Egypt, Israel, and Vietnam.

<ul>
<li>Year‑to‑date production to 30 November 2025 averaged 5,391 boe/d, comprising 4,074 boe/d in Vietnam and 1,317 boe/d in Egypt.</li>
<li>Pharos expects FY25 production to be broadly similar, in line with guidance of 5.2–6.0 mboe/d.</li>
<li>The TGT‑H1 infill well was brought onstream on 20 November.</li>
</ul>


Year‑to‑date production to 30 November 2025 averaged 5,391 boe/d, comprising 4,074 boe/d in Vietnam and 1,317 boe/d in Egypt.
Pharos expects FY25 production to be broadly similar, in line with guidance of 5.2–6.0 mboe/d.
The TGT‑H1 infill well was brought onstream on 20 November.


Pharos Energy Plc (LSE: PHAR): Production boost expected by mid 2026

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.