Det kan tænkes ja, men jeg tror nu ikke Cercina 1350 + f/d lige er til at overtage, så bliver det i hvert fald dyrt - RHEMOURA der i mod er en mulig kandidat, med 380 + f/d er til at betale og komme i nærheden af.

Ellers er er der en håndfuld andre producerende felter som er meget interessante 😊

Aqualight 🇩🇰🇳🇴

MarketGunslinger/ LSE

Afternoon, everyone. What a great RNS from Zenith yesterday, I am surprised that the market did not react better to it but I think that they are taking time to cotton on to what a good deal this is. I suspect that as the impact sinks in then it will respond as it should.

The key takeaways from the RNS are as follows:

1. Zenith have not just purchased a stake in the Ezzaouria license from Candax (like they did with the purchases of Sidi El Kilani from CNPC and KUFPEC). In this instance they have bought 100% of “Ecumed Petroleum Zarzis Ltd” which owns the 45% stake of the Ezzaouria license. This may seem a little difference but it has huge implications as it means that there is no governmental approval required for the asset purchase as the license owner has not changed.

2. The value of the 25,000 barrels of oil being held in storage is valued at $1,250,000 to Zenith. This values each barrel at $50 which is a very conservative estimate considering that the oil price today is currently at $67 (which would value the oil at $1,675,000). Presumably the reason for the conservative valuation is based on the fact that the oil is not available to sell today and so Zenith have to take into account the fact that the oil price may well go down as well as up in the future when it comes to be sold.
3. Andrea Cattaneo looks like he has pulled off another masterful deal by purchasing an asset from a distressed company that has been compelled to sell this asset far below its real worth. Zenith have agreed to pay $250,000 now and another $500,000 over ten years (at $50,000 per annum) – so in total $750,000 (though this could go up if oil production significantly increases. For this they have already received access to the 25,000 stored barrels of oil worth $500,000 more that the sum which they have paid.

Of course the key consideration here is that this money is clearly not accessible in the near future (as otherwise Candax would have held on to it) and there will presumably be ongoing production costs which will need to be paid before the asset is cashed in on. This is what I like about AC’s deal-making though – he really knows how to take best advantage of a distressed competitor.

I spent some of last night looking into Candax and it is clear that they have been in trouble for a number of years. They were originally listed on the TSX but were delisted (by the exchange, not by their choice) in 2015 because the market value of the company had fallen below the minimum acceptable levels https://www.newswire.ca/news-releases/tsx-delisting-review---candax-energy-inc-symbol-cax-522149481.html. They were then taken over by a company called Geofinance in a deal that valued the company at a miniscule CAD$2,056,250.

In the circumstances that they find themselves in any normal public company would easily be able to get bridge funding based on the 25,000 barrels of oil but a private company with a poor credit history and other debts piling up would obviously struggle. AC has clearly seen this and grabbed the opportunity – just like he did when he bought Tilapia for £200,000 even with AAOGC being owed $5 million from the SNPC.
4. Although the asset is out of license terms at the moment it appears to just be inches from the finish line of getting another 20 year deal and from what has been stated in the RNS it appears that this renewal will go through once the Tunisian political situation has sorted itself out and in the meantime the license just continues to be operated on an ad-hoc basis. In a worst-case-scenario if the license does not get renewed then Zenith will walk away with a $500,000+ profit anyway, so it is a no-lose deal.

5. Perhaps the most interesting part of the whole deal though is the fact that Candax inserted a clause asking for a royalty of $0.35 per barrel of $50,000 per year for the next ten years – whichever is greater. This shows that they think that the workover activities which are aimed at increasing production to over 1,000 bopd have a very good chance of working.

Candax have owned a share in the license for over 10 years and I found a report from 2011 where they announced that after a workover programme carried out in 2010 the field is “currently producing at over 1,000 bopd subsequent to the previously announced 2010 / 2011 side-track and work-over campaign”. https://www.euro-petrole.com/candax-announces-production-update-on-ezzaouia-field-onshore-tunisia-n-i-5210 They have clearly been content to live off the profits of this decade-old workover for many years and have obviously not had the money to carry out any new work at least since they were delisted from the TSX in 2015.

The potential for a workover programme to increase production at Ezzaouia here is clearly significant and it is equally significant that Candax have asked for the $0.35 per barrel royalty rather than a flat fee of $50,000 per annum as gross production would have to go above 900 barrels of oil per day for this to deliver any additional value to them. Having owned the asset for at least the last ten years then they clearly think that this is possible.

Conclusion

Sorry for the long post. The basic takeaways from this are simple and I think that the market will wake up to them soon:

1. Zenith have purchased the license in a way that is different from their Tunisian purchases and which does not need governmental approval. Once they make the payments then the deal is done and they own the license and the 25,000 barrels that come with it.

2. The $1,250,000 value attached to the 25,000 barrels of stored oil is very conservative and values it at $50 per barrel based on the fact that the future price could go down as well as up. At today’s price it is valued at $1,675,000 and if oil went up to $80 per barrel (random number choice) then it could be worth up to $2,000,000.

3. AC has carried out another blinding deal at the expense of a distressed competitor. They have sold at a massively discounted sale price not because they want to, but because they have to.

4. The deal is a no-lose deal. The value of the oil currently stored is greater that the money paid (even taking into account the royalties from the next 10 years) and so even in the unlikely event that the license is not renewed for a further 20 years then Zenith will still make a minimum of $500,000 on this deal. If the license is renewed as expected then Zenith will make may millions more.

5. The upside from a workover programme should be very considerable. The fact that Candax have inserted a royalty clause that only pays off for them if production goes above 900bopd shows that they believe that this is likely to happen. This would mean a minimum of 400bopd net to Zenith post-workover and at $65 oil a gross revenue of $9,500,000 to Zenith.

The market will soon wake up to the potential of this deal and all the other opportunities that Zenith has so much going for it at the moment. We should get news the other Tunisia assets in the near future and they will deliver another cash windfall of several million dollars and the Congo election is less than a week away. Assuming a favourable result for Zenith is received (and the incumbent President wins another term) then I expect that the 20 year renewal of the Tilapia license will be received by May at the latest and we will start a work program there designed to net us another 1,000-5,000 bopd. There is big money to be made by Zenith in 2021 and there is big money to be made by all us investors in this time period too.

@Fakevenues - What could be the reason the oil has not been sold, and might not be sold for the next periode of time ?
Bt.w thanks for huge insight and deep anaylsis, appreciate it.

I am not sure why. But if I remember correct it is being stored in an export facility which could be the reason.

Dette er utenfor mitt kompetanseområde, men kan det være en del av landets strategiske oljelager, og en forpliktelse de påtok seg som en del av de opprinnelige lisensbetingelsene?

Det er jo også et godt spørsmål, Herman. Men uansett om dette er strategisk eller lagret for å oppnå volum, eksport eller what, så har jo AC gjort det klart at Tunisia kan utbetale forskudd for fremtidig produksjon. Taktisk så kan dette like gjerne være gjort som en del av noe større som kommer "we intend to capitalise on certain additional acquisition opportunities that may present themselves in the near-term".
Zenith har jo tidligere vært rask med å oppdatere sine hjemmesider med 'operasjoner', men det er foreløpig stille om denne.

Jeg er aksjonær i Panoro som er deleier i de to feltene. Har veldig liten tro på at de selger disse to. De er fornøyd med sine assets i Tunisia.

Da jeg la ut den linken, så tenkte jeg vel egentlig på Candax sine assets i Tunisia.
Og når MarketGunslinger har bekreftet at dette er et selskap som sliter, så spørs det hva som kan komme.

Endnu et fantastisk indlæg fra MG 😃😃

Tror slet ikke markedet/ Pøblen har fattet aftalen. 🙈

AC er godt nok imponerende til at handle aftaler hjem 🙈🙈💰💰💰

Ja det var det jeg skrev, at dette var noe stort, men jeg hadde ikke alle disse viktige tallene så godt beskrevet som her. No er det kommet så langt med div. avtaler og kjøp av lisenser og tilgang til oljebrønner, at ZENA må godkjennes som et alminnelig litet oljeselskap med et godt grunnlag for videre vekst, og at det er all grunn til å ha tillit til sin leder AC og selskapet.

Kommentar fra AEGOS på denne på LSE

Having just read MarketG's excellent account I realise my effort pales into insignificance. However it perhaps reinforces some of the more important aspects of the deal.

The Ezzaouia oilfield was low on my list of 33 potential acquisitions in Tunisia largely due to the recent award of a new 20-year concession, as confirmed in the RNS. Of the five fields [ Ezzaouia, El Bibane, Robbana, Belli & Al Manzah] in which ECUMED, the Tunisian subsidiary of Candax Energy Inc, has an interest, Ezzaouia is by far the most productive, so it appeared to be the least likely candidate for disposal. Also as Candax is 100% owned by Geofinance N V, a private equity investment company which only acquired the asset in 2015, a disposal seemed unlikely and even then only on terms disproportionately favourable to the seller. In that latter respect I'm glad to be proved wrong as AC appears to have achieved acquisition under very advantageous terms.

Acquisition of the entire share capital of EPZ [ECUMED Petroleum Zarzis Ltd] by ZEAL [Zenith Energy Africa Ltd] is crucial to the deal, as the 20-year New Concession, “Ezzaouia”, was applied for, and granted to, EPZ and ETAP [state oil company with 55% interest]. The agreed work programme has also been signed jointly by EPZ & ETAP and most importantly, the currently awaited parliamentary approval, will relate to the “New Concession” in the names of EPZ and ETAP. Legally, the acquisition of EPZ by ZEAL does not materially influence that process of parliamentary approval of the concession itself so there should be no consequential delay in granting of that approval.

With regard to the terms of the SPA [share purchase agreement], the cash payment of US$150,000 is well covered by the recent capital raise, and presumably the US$100,000 share issue will be at the share price current within 60 days of completion, so the higher the SP the lower the dilution, minimal though that will be. The royalty of US$0.35 per barrel, [ie 45% net to EPZ], for 10 years, with a minimum of US$50,000 per annum, implies a calculation based on a minimum average production of 391 bopd per annum. In total a very advantageous outlay for the anticipated production and development potential.

Operational costs are as yet unknown but as MARETAP, the joint operating company will be owned in partnership with ETAP [on a 50/50 basis according to Candax], expenditure over and above day to day operations will be by mutual agreement. It is reassuring that a major remediation program of all six producing wells was completed in 2012, involving de-scaling and replacement of jet-pumps with sucker-rod pumps. So hopefully no seriously expensive upgrades due in the near future.

There is much to add regarding the geotechnical aspects of the new acquisition and of the developmental potential, but that can wait until more appropriate times. For now and after an inevitably superficial appraisal, this appears to be another potentially profitable and well executed acquisition by AC.
AGEOS.

Merkelig dag i dag. Selges den ned før nyheter? Sitter i ro med mitt lave snitt, men det tærer på å være positiv :)

For oss langsiktige (mer enn 2 år, kanskje mer) betyr ikke disse svingningene noe som helst. Det er hverken 15,13 eller 10 øre som er målet eller smertegrensen.
Her må man ta det med ro, puste med magen, og ikke sitte å nistirre på kursen hele tiden. Og hvertfall ikke lese eller la seg rive med å begynne med innlegg på noen av de mst hysteriske trådene her på HO.
I går fikk vi jo første melding om at AC har sikret oss inntekter, ja faktisk oljeinntekter, vi produserer i Tunisia. Smak på den. Ekstremt positivt. Her kommer nok mer.
At det nå er forlenget tidsfrist for SLK, er mye bedre enn det motsatte. Nå vet vi at myndighetene ikke er avvisende, og trenger mer tid og ikke minst ønsker det offisielt, grunnet utfordrende tider med Covid og interne politiske uroligheter.

Jeg skjønner det bare ikke hvorfor noen aksjonærer blir irrasjonell å bare kaster korta når selskapet har fått en deal der de tjener cash. Selskapet med en liten gjeld som i hvert fall ikke er noen problem å betjene. Olje som ligger å venter på å bli cashet ut i mitt syn. Hadde de ikke hvert interessert i å forlenge denne lisensen med Zenith hadde de kastet Zenith på døren for lenge siden. Selskapet står da mye sterkere enn de gjorde før kl 08.00 på mandag :))) Men det er bare å vente på at de kaster seg ferdig så tror jeg nok en oppgang kommer omsider. Som en skrev tidligere på en tråd at vi ville få en episk uke så mener jeg vedkommende har fullstendig riktig i det. Caset er lang bedre idag en for 3 mnd siden :))) TTT men det få være så jeg synes AC har greid å utrette meget i det siste og skal ha skryt for det arbeidet han legger ned for selskapet! Ha ellers en fin fin dag videre!

Hvis jeg ser på det der bliver skrevet på de mest aktive tråde, så er det smerteligt tydeligt at langt størstedelen ikke har den fjerneste ide om hvad de taler om, hverken firmaet, potentialet, tidsperspektiv, hvorfor der bliver udsendt den RNS, der gør samt det faktum at der kommer endnu en RNS med samme budskab men med den anden del af de 2 aftaler, at de uerfarne bliver usikre er der ikke noget at sige til, når vi ser på mængden af skrald der er hældt ud over firmaet de sidste 2 handelsdage, sørgeligt.

Der er skrevet i tusindvis af indlæg, og lavet i tusindvis af konstruktive besvarelser fra nogle dygtige skribenter, som kender casen helt i bund. Man kunne ønske sig at størstedelen ville bruge bare er minimum af tid på at læse de tråde igennem.

Jeg har selv brugt nogle timer på denne case igennem længere tid, og har delt meget information, og har haft det sjovt med det, det samme har en række andre dygtige skribenter.

Jeg har nævnt det før og gør det nu igen, ja der har været bump på vejen, og det skal man forvente i et lille firma som har prøvet forskellige løsninger igennem årene, men vi er på rette vej og 2021 bliver året, cv19 eller ej, hvor tingende går den helt rigtige vej, jeg har stadig ikke solgt og jeg har stadig ingen rysten på hånden, uanset dagens overraskende udvikling, men det accepter jeg for der kommer dage som langt overstiger ethvert fald, bare i stigninger fremadrettet. Mange tidligere indlæg belyser hvad der er i vente både økonomisk - antal felter - at vi har eget udstyr og ikke skal betale tårnhøje priser - osv.

Jeg har aldrig haft noget i mod at dele alle de oplysninger jeg har fundet, samt lave de ugentlige opdateringer fra SLK, samt det kommmende nye felt EZZAOUIA. Men med mængden af ignoranter der har indfundet sig, på andre tråde kan jeg godt afsløre at der kommer til at gå lang tid imellem de kommende opdateringer, interessen for at få skriveadgang til disse låste tråde er stærkt stigende, men i udgangspunket skal der ikke flere ind på denne tråd, eller de andre låste tråde.

I har alle været tro mod de retningslinjer, der blev meldt ud i starten, uden person angreb eller andet skrald, tak for det. Lad os holde den gode stil.

God aften til jer derude 😊

Aqualight 🇩🇰🇳🇴

AQ, god kveld!

Takk for et reflektert og godt innlegg! Jeg håper du finner din skrivelyst med å oppdatere oss på feltene med oljeproduksjon og hvor mye det gir til selskapet. Det hele har jo såvidt begynt for oljemyggen Zenith😊😊😊 ha ellers en fin fin aften fra en som setter stor pris på dine innlegg!!!

De har virkelig jobbet hardt nå Zena for å oppnå disse resultatene, den siste gode nyhet gjenspeilet ikke på kursen som fortjent, men nå har de et godt fundament for å bygge videre med utnytte å ta del i ulike oljefelt og kjøpe seg mer opp. Jeg holder til jul. Om den skulle gå til 0.11, holder fortsatt, bare et lite skremme skudd. Snart ser vi 0.30. Så kommer sikkert 0.50. Ha tålmodighet på denne, det vil lønne seg på sikt 6-12 måneder.

Jeg tror nu heller ikke på de felter, men jeg har lavet en lille liste med potentielle overtagelses kandidater, som ikke pt. producerer :

1. Belli (Onshore)
2. Robbana (Onshore)
3. El Menzah (Onshore)

Alle i Tunesien, så det kan være et af ovenstående navne der kommer i en RNS!!

Vi får se

Aqualight 🇩🇰🇳🇴

Jeg vil bare få takke deg for nok et godt innlegg Aqualight, og jeg må bare få si det er kjedelig at det heretter vil gå lengre tid mellom oppdateringene dine. På dette forumet er der en håndfull skribenter som virkelig kan sakene sine bra. Jeg er sikker på at den gjennomsnittlige oppegående leser her på forumet vet hvem dere er. Siste dagene har jeg hatt det litt gøy med "baisser-gjengen" som kommer med den ene påstanden etter den andre. Som jeg selv skrev nylig er jeg ingen ekspert, og jeg hadde derfor tatt det for gitt at disse "ekspertene" med letthet skulle kunne gi skikkelige svar på spørsmålene jeg har stilt de. Det som derimot skjer er at de snur spørsmålet tilbake eller rett og slett lar være å svare på de. En del av spørsmålene har jeg visst svaret på selv, men jeg har vært litt interessert i å se om de var i stand til å svare for seg. Denne testen ser det enda ikke ut som om de vil klare å bestå. Uavhengig av dette er det for meg klinkende klart hvem som faktisk vet hva de snakker om. Jeg håper derfor virkelig at dere som bidrar konstruktivt til å belyse oss andre fortsetter med deres gode og vel informative innlegg. De er høyt verdsatt!

Ingen tvil om at vi trenger seriøse innlegg fra deg Aqualight mfl.Jeg sitter langsiktig og selger ikke en eneste liten million før kontrakter og produksjon i større skala er et faktum. Lykke til

Vi kan bare poste på de her lukket tråde 👍👍

Så bare lade være med at tage mere ind 😃😃

Det bliver rigeligt at skrive om i fremtiden 💰

Jeg sidder pris på dine opdateringer 💰

Vi er helt enige Herbius.

Based on that assumption, our risked NAV derived using a 12% discount factor, 237.9 million shares on a fully diluted basis and current FX rate, would provide a higher target price of 48.46p. We are thus happy to reconfirm our Conviction Buy stance with an increased target price of 48.46p. (5,69 Nkr)

Forholdsmæssigt i forhold til antal aktier, giver det Zenith en prissætning KUN på TLP ll, på
5,69/4,5 = 1,264 Nkr. Pr. Aktie - det er mere end 10 gange fra hvor vi er dags dato.

http://www.alignresearch.co.uk/anglo-african-oil-gas/anglo-african-oil-gas-revision-to-price-target-post-recent-newsflow/

Aqualight 🇩🇰🇳🇴

Kanon AQ, så kan de aber bare hygge sig på de åbne tråde, det bliver nok kedeligt i længden når ingen gider og svare dem 👍👍💰💰

Så en opfordring til alle som har Zen aktier og seriøse, ikke skriv på de åbne tråde 👍👍👍

👌

Dette her er jo veldi gbra og riktig, men kan det brukes idag all den tid selskapet fortsatt ikke eier lisensen? når alt er endelig signert snakker vi...men det skjer vel ikke ved det første det heller

Efter valget nu på søndag (21/3-21) er jeg overbevist om at tingende tager fart, de har brug for produktionen, vi har brug for produktionen, ingen tvivl om at det formelle papirarbejde er klaret (SPC), og at den politiske godkendelse (indskrivning til lov) har præsidentens velsignelse, derfor kan oplysningerne bruges, og derfor er de stadig dags aktuelle. Så der er mange ting der er lige op over. ( alt er relativt, men så lad os kalde det indenfor synsfeltet, og det er tæt nok)

Og selvom der endnu mangler ovenstående, så er “vi” de eneste der sidder ved det veldækkede bord, hvor der allerede er brugt mange millioner $.

Aqualight 🇩🇰🇳🇴

Jeg er helt enig med deg her AQ! Men jeg hadde noen tanker fra den andre tråden din med følgende: Det var en tanke som plutselig slo meg når jeg leste ditt siste innlegg her AQ. Vil Zenith melde at de sender både workoveren og riggen til Tunis for dette feltet? Skulle Congo gå i orden innen kort tid og heller leie inn rigg og mannskap dit? Kan dette være et senario i det korte bilde?

Så enig!

Herlig å sitte godt lastet og klar for oppturen som kommer..

Har du tilgang til topp 20?

Noen spennende navn på listen?

Jeg ser ikke for mig at der bliver lejet en rig til Congo, men mandskab, ja absolut - workover udstyret som jeg ser det, bliver sendt til Tunesien, Zenith drilling har som jeg husker det, et (base Crew) og så bliver der ansat lokale folk efter behov i de enkelte lande. På LSE var det fremme at antallet af ordentlige rig i Congo var meget begrænset og dem der er i orden er allerede hyret mange år frem, af super major’s (ENI og andre)

Jeg kan ikke huske om denne har været fremme før, men det er meget positivt de gør klar til øget produktion

Link: https://www.africanews.com/2021/02/22/congo-seeks-to-end-fuel-shortages-with-new-refinery/

Aqualight 🇩🇰🇳🇴

Jeg husker å ha lest at det var muligheter til å leie/låne rigg fra et større selskap fra tidligere rapporter, men de har kanskje godt ut på dato når det gjelder TLPII? Ville vel tro at de hadde en løpende kontakt med selskapet om stadig å kunne låne rigg fra dem.

Legger denne ut her som MG har postet på LSE og jeg synes den fortjener en plass her :))

1. Zenith bought Ecumed Petroleum Zarzis Ltd (EZP). EZP owns the 25,000 barrels that are currently held in storage. Because Zenith now owns EZP then Zenith owns the 25,000 barrels of oil that are in storage. There are no license acceptance hanging over the deal. Once the two payments are made then the deal is done and Zenith own the oil in storage.

2. The idea that you have come up with that the Tunisian government may confiscate the oil belonging to EZP as “an asset of the concession” is a risk factor that so insignificantly small as to be almost impossible. There are legal contracts in place for who owns what and the Tunisian government are not going to be able to unilaterally tear up the contracts and then claim it for themselves without breaking their own laws. Of course they could still technically do this, but the moment they started confiscating oil that was owned by a foreign company then all foreign investment would leave the country – not just in the oil sector but pretty much every sector. It would no longer be a country that foreign businesses would operate in and it would ruin their economy. It is simply not worth the risk.

3. It is important to remember that the Ezzaouia license does not just run itself and spit out oil like a cash machine. It needs to be operated and these operations cost money on an ongoing basis. EZP have been paying money each moth to keep the operations going under Candax and they will continue to do so under Zenith. There is no way that Candax would have agreed to continue putting funding into the project if they were not contractually assured that even operating outwith the formal license period that they would be able to own their share of the oil produced during this time. Nor would Zenith have bought EZP if this assurance was not in place.

4. The idea that the oil can only be sold at a time and place of the Tunisian government’s choosing is also not plausible. There will be fixed points deliniated in contracts when the oil can be sold. No business would sign up to a deal whereby they could only sell their product at the whim of a random official.

5. While we do not know exactly when we will be able to sell the stored oil at the moment it is possible to calculate when the oil was last sold. The RNS tells us that Zenith’s share of Ezzaouia’s production is 210 bod. Since they are now storing approx. 25,000 barrels of oil then we know that this is 119 days worth of stored oil, which means that the last sale date was November 19th or thereabouts. I would assume that the sales process would occur on a 6 month basis which would mean that we can expect the next sale to take place in the middle of May – which is only two months away.

6. I agree absolutely that the renewal of the 20 year license is completely in the hands of the Tunisian government and they could decide to renew it or not renew it at their own whim. I would far rather that the license is renewed and we end up with a new 20 year license here as well as in Tilapia, but as I have said before the deal is a good one even if we do not. In a worst case scenario we and up with $1,25 million worth of oil having paid out $750,000 for the assets. However, in reality there is going to be additional revenue from new oil generated since the takeover date and I fully expect that if the license is renewed then Zenith would not have to pay the additional $500,000 in royalties as there would have been no significant production to pay these royalties on.

7. I do agree that AC is being conservative with the loan drawdown money, but I think that this is perfectly sensible. The loan is a backup plan that will allow the company to get over any slowdowns in operations and also to purchase new assets very quickly if the opportunities present themselves. To me there is nothing suspicious in this but it is simply prudent business.

For what it is worth I think that Ezzaoiua is a fantastic deal that has been pressed out of a distressed competitor and within a very short timeframe we are going to see significant cashflow benefits from the acquisition.

President valg søndag, jobbes med Nigeria oljefeltet mot 15.april, hvis Zenith får dette, blir det virkelig en oppgang. Dette er en opptur jeg ikke har lyst til å gå glipp av. Tror endelig den kursen dette selskapet fortjener kommer i april. Setter en realistisk 0.30 kurs med tildelt Nigeria oljefelt.

Sidste nyt fra valget:

Congo Brazzaville’s ‘emperor’ consolidating power in presidential polls


https://www.rfi.fr/en/africa/20210318-congo-brazzaville-s-emperor-consolidating-power-in-presidential-polls

Aqualight 🇩🇰🇳🇴

Takker AQ👍

Mon ikke kongen vinder igen, og fejrer sejren med at give sin bedste ven AC Licensen 😃🙏

Dette var da en utrolig dejlig fakta tråd uden larm 👍

Takker AQ!

Helt enig Herbius, jeg har gått over til å bare lese disse lukkede trådene. Blir for dumt med drittslenging og personangrep ved hver minste bevegelse i aksjekursen.

March 18, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Exercise of Warrants

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN ; OSE: ZENA), the listed
international oil & gas production company focused on pursuing African
development opportunities, is pleased to announce that an investor in the
Company has exercised warrants to acquire a total of 16,428,571 new common
shares of no par value (the "Warrant Shares") in the capital of the Company with
an exercise price of NOK 0.15 (equivalent to approximately £0.013) for a total
consideration of 2,464,286 NOK (approximately £209,600).

Admission of the Warrant Shares to the Euronext Growth of the Oslo Stock
Exchange is expected to take place tomorrow, March 19, 2021. The Warrant Shares
will rank pari passu in all respects with the existing common shares of the
Company.

An application for the Warrant Shares to be listed on the standard segment of
the FCA Official List and to be admitted for trading on the London Stock
Exchange Main Market for listed securities will be made within 12 months of the
issue date.

Total Voting Rights

The Company wishes to announce, in accordance with the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules, the following revised
information resulting from completion of the Financing.

Herlig! Da skal vi nok litt opp i morgen.

Herlig er det Christen Sveaas tro?

Mer penger i kassa til ZENA!

Litt interessant med timingen her. Utløper disse warrants i nærmeste fremtid? Og hvorfor har vedkommende ikke heller valgt å plukke aksjer på 12-13? Kan det være at det ville ta noen dager hvis en ikke skal dra kursen over 13-14 øre, og at gode nyheter i teorien kan komme når som helst? Ikke vet jeg...Det jeg dog er rimelig sikker på er at vedkommende er relativt godt oppdatert på selskapets situasjon og potensial "going forward".