Takk for nyanserte og reflekterte innlegg. Jeg sitter langsiktig. Ønsker alle et Godt nytt år, med positiv fremgang for alle aksje eiere. Lykke til i 2022.

Hei Aqualight og alle Zenithere.
Godt nyttår til heile hurven.
Det ble ikke boret 1 METER i 2021.
Det håper jeg det blir forandring på i 2022.
Vi har et flott fundament nå, vi må bare komme igang.
Forøvrig enig med Konjagi Nigeria er et blindspor, det har vi ikke muskler eller kompetanse til å drifte.
La oss heller få en eller to av de andre "kontraktene" underskrevet. Så skal dette bli spennende.

Sidste nyt fra Brazzaville vedrørende energi -

https://gouvernement.cg/compte-rendu-du-conseil-des-ministres-du-mercredi-29-decembre-2021/

The increase in our hydrocarbon production capacity, with a new orientation given to the sector, thanks to the production of liquefied gas, as well as the resulting increase in the supply of electricity in the sub-regional framework recently concluded with the DRC and the development of eco-tourism will also be at the heart of the priorities for 2022 and the following years.

These priorities will allow, in addition to the creation of thousands of jobs, especially for our youngest compatriots, an effective revival of the national economy and inclusive growth. Concluding his remarks, and before presenting his wishes to the Ministers, the Head of State invited the Government to mobilize and take these objectives head-on, in order to ensure the success of the five-year term. and therefore the success of the Congo.

Speaking on behalf of the Members of the Government, Mr. Anatole Collinet MAKOSSO, Prime Minister, Head of Government, after thanking the Head of State for his warm wishes to everyone, assured the President of the Republic of the full mobilization of the Members of the Government so that the results expected by the people, of which the chief magistrate is the only accountant before the Nation and before history, are at the rendezvous.

Nothing more being on the agenda, the President of the Republic closed the meeting and adjourned the meeting.

Started at 1:30 p.m., the Council of Ministers meeting ended at 2:45 p.m.



Done in Brazzaville, December 29, 2021

Aqualight 🇩🇰🇳🇴

Velkommen til 2022 -

Jeg har ud fra de tilgængelige informationer fra henholdsvis Allenby Capital (14 December 2021) & BCRA (September 2021) - sammensat lidt af en huskeliste både til nye og gamle investorer.

Følgende kilder er brugt.

Allenby Capital link: https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2021/12/20211214-Zenith-Energy-ZEN.L-Allenby-Capital-Interims.pdf?c2642=on
BCRA Rapport link: http://www.bcra-bg.com/

1. Zenith suggested that 1,000 b/d is possible by the second quarter of 2022 assuming successful workover and drilling activity.

2. Near-term, the work programme in Tunisia involves drilling a vertical well at Robbana and two side-tracks in non-producing wells.- Zenith is scheduled to commence an infill and side-track drilling programme on its Ezzaouia and Robbana licences shortly. Results should emerge during the first quarter of 2022. The programme is low-risk and should provide an early boost to production.

3. Production in Tunisia was running at 650 b/d net in late September 2021 including conditional SLK output.

4. Torrente Cigno, revenues are currently (September 2021) running at €195,000/month or €2.34m annually. Zenith has the potential to boost gas supply to Torrente Cigno and hence power plant production.

5. At end September 2021, the proved and probable reserve position was 31.1mm boe gross or 21.7mm boe net.

6. Chapman Petroleum, have estimated probable reserves of 19.63mm barrels gross. (Tilapia ll/Brazzaville) Zenith Congo is expected to hold a 60% interest in the new Congo Licence II once issued, with the remaining 40% held by Société Nationale des Pétroles du Congo (SNPC), the National Oil Company.

7. Zenith has a US$5.7m receivable outstanding which is owed by the national oil company, SNPC, for its share of previous work programmes. (Tilapia ll/Brazzaville)

8. Current President, Denis Sassou Nguesso is supportive of the petroleum industry. (Tilapia ll/Brazzaville)

9. SMP lawsuit: Zenith, via AAOG, inherited a claim against the French drilling company SMP. This related to alleged errors in the drilling of exploration well TLP-103C in the Tilapia licence offshore Congo. According to Zenith, a settlement is likely to be at least US$3.1m.

10. Zenith has expressed an interest in making further acquisitions in Tunisia.

11, Given that only two of the four Torrente Cigno generating modules are in operation, the facility is capable of being leveraged assuming gas supply can be increased. Potentially this can be achieved by drilling the Masseria Vincelli 2 side-track which could boost output by 1,000 mcf/d gross,according to the Chapman CPR. We believe in the light of Torrente Cigno’s strong financial performance and the tight power market in Italy Zenith may give the go-ahead for the Masseria Vincelli 2 side-track in the coming months.

Som det mest usikre lige nu er Nigeria, Noble Hill-Network Ltd (NHNL) option agreement - som vi er oplyst udløber den 15 Januar 2022- vi må forvente enten en RNS, lige om lidt, eller en afklaring senest til den kommende generalforsamling midt i januar 2022. - firmaet oplyser selv følgende:

Development work at the Barracuda field is at an advanced stage with the B-5 production well scheduled to be drilled in the first quarter of 2022. Zenith has suggested production potentially running at 4,000 b/d gross in the second quarter.

I tillæg til ovenstående oplysninger er det min opfattelse at følgende er meget vigtigt at huske:

Zenith Congo, the group applied for a new 25-year licence, for the Tilapia oilfield (to be called Tilapia II), for which it was the successful bidder. The award process for Tilapia II has involved an “Inquirty of Public Utiltiy” s, which was successfully completed by Zenith Energy in February 2021. The Company is currently negotiating the terms of Tilapia II with the Ministry of Hydrocarbons of the Republic of the Congo. The timing of the final granting of the licence remains uncertain and remains subject to successful negotiations with the Congolese Minstry of Hydrocarbons regarding Tilapia II.

Aqualight 🇩🇰🇳🇴

Jeg forstod på den siste web infoen til AC, at den 1200 hp bore riggen lå lagret ved en utskipnings kai i Tunisia, i påvente for nye oppdrag i Tunisia eller Congo/ Nigeria.. Men det aktuelle letefeltet i Nigeria ligger vel i et sump-område, og der kan en vel ikke bruke denne type rigg som fraktes på hjul ? Vil den bli på-montert på en lekter eller må det lages infrastruktur inkl. vei-fyllinger ?

"The Company has been informed that the drilling location for B-5 has already been acquired by NHNL and all necessary civil works (including dredging and clearing of the designated well location) have been performed in preparation for the mobilisation of a barge-mounted drilling rig. A suitable and fully inspected drilling rig has been identified and a site visit is planned in mid-December 2021, with the expectation of signing a drilling contract in January 2022 to begin operations during the first quarter of 2022. Production from the Barracuda oilfield is expected to begin during the second quarter of 2022 at a rate of approximately 4,000 barrels of oil per day." https://newsweb.oslobors.no/message/548053

Når det gjelder Rigg, så er det visst inngått avtale med et Nigeriansk selskap vedrørende en spesiell type rigg som egner seg for dette feltet. Videre for raskt å kunne raskt hente profitt fra feltet, se link under.

Hentet fra en tråd på LSE-Forumet:
29 Nov '21
"Scroll down to see Eunisell EPF Barge 'Victory', the probable barge-mounted Early Production Facility mentioned in today's RNS and from which oil production would be transferred to an adjacent floating storage and offloading vessel.

www.eunisellproduction.com

AGEOS"

1000 Takk, for info :)

https://www.linkedin.com/posts/zenith-energy-limited_january-2022-newsletter-zenith-energy-activity-6884495874077011968-iWHD

Canadian oil & gas company Zenith Energy plans to invest more in Tunisia
January 6, 2022

(TAP) - Canadian oil and gas company Zenith Energy plans to strengthen its partnership with Tunisia and invest more in the hydrocarbon sector, CEO and President of the company Andrea Cattaneo said Tuesday.
He was speaking at a working session held with Minister of Industry, Mines and Energy Neila Genji at the ministry's headquarters.
The Minister said her department is committed to continuing to support investors in research and exploration in the hydrocarbon sector and help them work in the most favorable conditions.
One of the government priorities is to resume the normal pace of activities in this dynamic sector in order to increase domestic oil production, which is likely to bolster energy security.
Zenith Energy Ltd. is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia.
The Company is listed on the London Stock Exchange Main Market for listed securities (ZEN) and the Euronext Growth of the Oslo Stock Exchange (ZENA).

tap.info

https://www.tdailynews.net/story-z13182840

For præcis 2 år og 1 måned siden i dag, (25/12-2020) startede jeg denne seriøse tråd. Vi har siden da oplevet en udvikling som mange ikke så som en mulighed, men her er vi, stærkere end nogensinde, med store indtægter, set i forhold til størrelsen på firmaet, samt en pipeline som mildest talt ser fuldstændig fantastisk ud - og ja ventetiden dræner, mit personlige syn på firmaet er dog hvis noget, forbedret mange 100% - at det ikke afspejler sig i aktieprisen, kan jeg helt grundlæggende godt forstå, for udviklingen med hensyn til det vi venter på, har trukket en del ud, men ærlig talt så er det blot et billede på vores egen tålmodighed, og ikke på de resultater som faktisk er opnået. Alle venter på den store forløsning - men med en blanding af tålmodighed - politik - og ikke mindst en verdensomspændende pandemi, har det ikke været de nemmeste omstændigheder at arbejde under.

Jeg kan se at der er en del snak om at firmaet ikke svare på spørgsmål! jeg bliver nysgerrig på hvad det er for nogle spørgsmål der bliver stillet? nu er det, som det altid har været fuldstændig umuligt at svare på en lang række spørgsmål, som kan synes uskyldige som afsender, så spørgsmål som hvornår kommer Tilapia ll aftalen, hvornår kommer SLK aftalen eller Nigeria - er for firmaet helt umulige at svare på, AC har ikke for vane at tilbageholde oplysninger, og hvorfor skulle han? Som jeg har skrevet både her og svaret på de spørgsmål som er sendt til Zenithinvestor2021@gmail.com - så er jeg slet ikke i tvivl om at resultaterne kommer, ikke nødvendigvis i det tempo som vi hver især gerne vil have det, men de kommer.

Jeg tror samtlige vinkler på firmaet og de RNS der er blevet udsendt har været analyseret og vendt her på tråden, af nogle yderst kompetente investorer, lige siden 2020, og pilen peger heldigvis kun en vej, nemlig den positive vej. at AC i den sidste RNS spiller med helt åbne kort, og samtidig giver en ret præcis forventet måned for hvornår, firmaet forventer yderligere proces, kan jeg kun være tilfreds med. Jeg nævner gerne igen, at hvis firmaet ikke havde noget at byde ind med så er der en lang lang række forhold som aldrig var sket, herunder diverse møder med præsidenter og ministre i en håndfuld lande, samt en stadig stigende opbygning af økonomiske muskler, både med hensyn til udstedelse af nye aktier samt optagelse af lån. Hvis det var så nemt at gøre hvad AC gør, så kan jeg godt nævne 100 olie myg som ville gøre det samme, i morgen. sandheden er at det er yderst kompliceret at gøre det han gør, samt at holde momentum, når hans egne forventninger er de samme som dem vi sidder med.

SLK & Tilapia ll, kommer når de kommer - udviklingen fra i dag og 6 måneder frem, kan jeg umiddelbart se 2 senarier for mig, 1 udbygning af Italien, som jeg også har nævnt tidligere, og 2 et yderligere opkøb af et allerede producerende felt i Tunesien, som ikke skal godkendes . en handel på linje med ECUMED - og indtil da så husk at pengene faktisk strømmer ind i kassen, uanset om tålmodigheden er tyndslidt eller om aktien falder - hvis det var så enkelt at drive en olie myg så havde vi alle gjort det.

Beklager lidt, fraværet fra tråden, men der har været meget at se til de sidste mange måneder - god aften til jer alle.

Og så det lille Ps. jeg har ikke solgt - men købt en smule, ikke meget.... men nok.

Aqualight 🇩🇰🇳🇴

Takk for oppdatering! Er helt enig med deg og tålmodighet er nødvendig.
Ingen aner når det kommer big news!

👍😃👍

Helt enig i dine synspunkter Aq. Sitter tungt lastet og sitter trygt. Ny melding i dag ang kommende salg av olje :) hva utgjør det på bunnlinjen?

A very good post. As you correctly say, whatever way we look at Zenith just now everything is pointing in a positive direction. We are just about to sell $9 million of oil that we have produced from our Tunisian assets and are about to acquire another asset in Tunisia (presumably the second SLK 22.5%) that will increase our production revenues further. Tilapia appears to be just around the corner too.

I would be interested to hear if anyone can think of anything negative about the company just now.

Many sold in last 2 days to buy cheap in range of 0.08 soon they will come back, it will give good boost. I am waiting for CCH meeting result as EZZ workover was conditional of 20year license so will get update on it. many more things are interesting happening in Tunisia will surpass Tilapia II Congo in terms of production and 2P reserve. Remaining SLK is interesting to see how much AC bargain in new deal or trough traditional way to get back 80000 barrels. (obviously paying after operational cost )

I think that Tunisia will be the “engine room” of the company for the near future. It is the “grown up” bit of the company which although not terribly sexy will allow the company to continue going forwards and growing by generating the cash-flow that will enable the company to service debt and develop in the future without resorting to yet more equity raises.

At the moment we have Tunisia generating large amounts of money that cover all of the company’s operating costs. Today’s RNS shows that we will be selling about $8 million worth of oil in April. We are also waiting for Tiliapia to come on board and this should put a massive boost under the share price when it does as the potential there will be enormous. However, imagine if we did not have Tunisia and we were just waiting for Tilapia or the Nigerian deal to come it. That would make the company a total disaster that was just gambling on getting a license and then doubling down on being successful in production there.

Because we have Tunisia actually working, it does not matter if the Tilapia or Nigerian deals don’t come through. We would just look for another one. Don’t get me wrong, I really want Tilapia 2 to come in and I think that it will do in the near future – but the point I am making is that even if it doesn’t the company will still survive and prosper because of Tunisia.

The Nigeria deal I would personally be happier if Zenith walked away from it. Originally, I thought that it was a great deal because the amount of oil within the license is clearly huge, but with the dispute between ADME and NHNH still not resolved and the cost being $20 million for our share then it looks like this could be a mess. Our current option expires on March 1st and the 17th January ADME RNS said that the next court hearing will not be until March 1st so there is no way we are going to close this deal before the option expires. I could see us going ahead with it if the court rules wholly in NHNL’s favour on March 1st but if (as I suspect) this is just the beginning of a long drawn out court case then I would rather we walked away. For $20 million I expect we could get just as good a deal elsewhere and without any of the messy legal issues.

And in the meantime, Tunisia will just keep on pumping out oil and delivering cash-flow. It might not be sexy, but it is the most crucial part of the company at the moment.

Thank you MarketGunsling -

I got this, from the EU parlement - https://www.europarl.europa.eu/doceo/document/E-9-2022-000205_EN.pdf

Remember RNS 5834R? - As previously announced, we are evaluating how best to optimise and, where possible, enhance the productivity of our Italian portfolio, which also includes a number of other prospective concessions in addition to Torrente Cigno." -

https://www.lse.co.uk/rns/ZEN/update-on-profitability-of-italian-operations-4yt0cvdrv5qf0bq.html

Aqualight 🇩🇰🇳🇴

Meget spennende . Ser gjerne en oppbygging i Italia. Der er arbeidsforholdene mye enklere selv om arbeidskraft er noe dyrere.. godt innlegg Aqua

With gas prices looking like they will stay where they currently are then it is a no brainer to expand the Italian operations - providing that the acquisition price is one of AC's normal bargain deals. My only concern is that this could be quite difficult to achieve in this gas price environment and we do not want to overpay for assets in this sector in case there is a fall back in gas prices over the next 2-3 years.

This is unlikely I know, but I have always been impressed with Andrea's deal-making abilities and how good he is at finding a bargain and I would not want to lose this determination to get the best price just because energy prices are high right now.

Jeg kommer lige med en lille betragtning i forhold til AC´s handel i dag - og måske lidt svar -

Hvem har 40 millioner aktier? må jeg anbefale at i kikker lidt på hvem der har købt ind fra 2019 og frem - herunder se lidt på de private placement der løbende har været- her har i svaret. - AC må ikke handle på ikke børsmeddelte oplysninger, det er korrekt, men hvad er det der ikke er børsmeldt? alle udsendte RNS afsluttes stort set hver gang med >in due course < ergo er det meddelt, men resultatet kan variere - derudover har direktionen et tilladt vindue at handle indenfor, her må de handle uanset, med visse små begrænsninger. Hvis der bliver lavet insider handel som vi kender det fra bøgerne, er det endog MEGET svært at bevise det, så hvis det ikke bliver anmeldt, bliver det ikke undersøgt, og han påvirker ikke kursen positivt med dagens handel, han køber indenfor det man roligt kan kalde et acceptabelt niveau, hvis han havde købt til kurs 20 øre, så var det manipulation - det er der bare ikke tale om.

Hvis AC, havde fået oplysninger om noget nært forestående på gaden i Brazzaville, så vil jeg godt se de personer som skulle bevise det, alt der ikke er optaget eller nedskrevet er rent retsligt en påstand - men igen, hvis der kommer nyheder omkring de allerede udmeldte ting vi venter på, så er det altså ikke insiderhandel, beklager.

Og så husker i vel et af de sidste interview, hvor han jo netop sagde det med at han godt ville købe flere aktier, samt hans kommentar med hvilken betydning og hvilket signal det kunne sende til marked, ellers så gense det.

Jeg kan kun se det er yderst positivt at AC køber stort ind, det sender det helt rigtige signal til andre store investorer og som mange har nævnt så har han for alvor noget på spil med mere end 100 millioner aktier -

God aften til jer alle.

Aqualight 🇩🇰🇳🇴

Dette selvfølgelig kjempe positivt og beviser jo bare at AC har stål tro på det som skjer i kulissene sine:-) En annen ting som jeg tror mange allerede har glemt er RNS 2.November hvor det blir utstedt aksjer for ca 35 000 000 NOK til kurs 0,13, så sier det seg selv at de ikke driver med "lodd" kjøp og sjanse spill til 35 mill. Angående innsidehandel er det vel bare AC selv som kan bevise, så der er han nok safe;-)

En lille detalje, man nok lige skal huske, er en af følgende punkter, det højeste antal aktier der er omsat på en enkelt dag er i omegnen af, 383 millioner stk, så udbuddet er ikke så stærkt som nogle måske tror, der er rigtig mange aktier ud af den samlede mængde, som er på meget lange hænder, derfor mener jeg også at et ædrueligt bud på aktier der kan købes når "flaget" går op, er under 300 millioner stk. og det kan lyde af meget, men når mange vil ind, holder sælgerne igen, så det tal er nok meget optimistisk, rigtig mange har de sidste 2 år, sagt at når den stiger så er de ude, men tro mig, det er de ikke, for mere vil have mere, derfor er det også klogt at have en strategi med indbygget exit plan.

Omkring den 9 september 2019, var kursen tæt på 1 nok kr. - på en meget lav omsætning, faktisk under 6 millioner stk. (på det tidspunkt var der omkring 200 millioner aktier) kursen gik fra 0,20 nok kr. til - omkring 0,99 nok kr. - det vidner præcis om det jeg nævner omkring at mere vil have mere, og nu sidder der måske en håndfuld og tænker jo jo AQ, men nu er der jo næsten 10 x det antal aktier, og det er korrekt, men det ændre ikke på at største delen af de 10 x er på meget lange hænder, både i Norge og i UK, så derfor, kan aktien eksplodere på sammen måde igen? umiddelbart ja- Har tingende ændret sig så meget siden 2019, at sådan en kursstigning kan forsvares? umiddelbart ja -

Jeg ved godt mange har en holdning til skribenten Viking_I, med diverse datoer og så videre, men lad mig slå en ting fast, de beregninger skribenten fremlægger er samlet set nogle af de mest præcise, jeg har set fremlagt, både med værdi fastsættelse og fremtidige indtægter, bevares så er der en fejl her og der, men det kan ske, for en hver -

Jeg ser frem til de kommende uger, hvor jeg er overbevist om at vi alle bliver meget klogere, på mange områder.

Aqualight 🇩🇰🇳🇴

Har tenkt i de samme baner, synes det er flott info viking leverer. Men klart det er lett å være negativ da det stort sett har siget nedover den siste tiden.. fint å høre fra deg Aqua, vi må håpe det snart blir landet en av de større avtaler. Vi står liksom klar på startstreken med helt nye joggesko!!

Kommer inden 14 dage 😃😃👍👍

Har vi hørt det før 😂😂

Nu tror jeg på det, ham der han inside info 💰💰

Har laget meg et excel-ark hvor jeg har lagt inn hva ZENA har og hva ZENA kan få. Jeg har også lagt inn noen av de lisenser som AGEOS har presentert. For ordens skyld må jeg bare nevne at AGEOS er visstnok Geolog og en aktiv bidragsyter & sparringpartner på LSE forumet,- i tillegg så er det Londonfishb5 som også skal være geolog, og bidrar med mye ‘negativt’ rundt ADME, men positivt for ZENA.
Men så til saken,- Det som jeg finner i mitt Excel-ark, er så sinnsykt at jeg kommer ikke til å publisere dette,- men jeg kan gå så langt som å si at Viking1, er aldeles ikke helt på jordet i sine analyser.

Lidt nyt fra Congo/Point Noir :

https://www.agenceecofin.com/production/1102-95052-congo-sur-7-3-milliards-de-petrole-vendu-en-2019-moins-de-8-6-ont-ete-verses-au-tresor-public?fbclid=IwAR3zuWBgL4_hPZ661ElCjWNFM9yTntOW3KWhvioheojY4cthK5AeN7CSnuo

Oversat til Engelsk -

In 2019, the Republic of Congo's oil benefited large multinational groups, traders and the Chinese partner. The share reserved for the needs of the people, which was already small, has been reduced by unfortunate transactions.

The 2019 report of the Extractive Industries Transparency Initiative (EITI) recently published on Congo reveals that out of a total of $7.27 billion in oil sold, only $624.5 million (FCFA 361.3 billion) has been donated to the coffers of the national public treasury. This share represents just over 8.6%, according to calculations by the Ecofin Agency.

More generally, the share of income captured by the Congolese State on sales of its hydrocarbons in 2019, including social and environmental payments reported by extractive companies, shares of the Société Nationale Pétrolière du Congo (SNPC) net of taxes and various tax revenues, was $1.6 billion. This represented just 21% of the total.

The share available for the Congolese public treasury has been reduced by several levies that have gone out of the country, including $523.5 million to guarantee infrastructure projects built by China. A debt that was $2 billion and repayable over 20 years.

There was also a levy of $451.2 million to repay a debt contracted from traders Glencore, Trafigura, and Orion-Oil. At the end of 2019, Congo still owed these traders $2 billion, repayable until 2023.

The EITI report reveals that Total Energies collected $2.3 billion in the sale of its shares of Congolese oil that year. To this must be added various commissions charged for its assistance to Congolese public administrations. The second beneficiary is Chevron Overseas, which received $1.25 billion from the sale of its shares, and the third beneficiary is the local subsidiary of the Italian ENI group, which received just over $1 billion. The latter also received various payments for financial transactions on an electricity project. A loan that had an interest rate of 18%.

Of the amount that finally arrives in the public treasury accounts, another part was taken by CORAF, the national refining company. Its economic model provided that it would be able to finance itself. But by the end of 2019, the company had returned to the public treasury only CFAF 3.6 billion out of more than FCFA 194.6 billion expected.

Finally, we note that the share of oil revenues that will have actually been allocated directly to the 5.4 million Congolese is rather negligible. Infrastructure projects guaranteed with the oil that belongs to them, only slightly benefits local businesses and the 264 social housing units built with the Chinese loan are far from meeting the actual demand of the people.

These populations are even penalized for living in an oil-producing country. In the city of Pointe Noire, the cost of living is high, due to the presence of oil sector workers who have the means to finance their consumption, unlike those who still do not have access, directly or indirectly, to oil revenues.

Aqualight 🇩🇰🇳🇴

Lidt nyt fra Nigeria :

https://www.agenceecofin.com/hydrocarbures/0702-94943-nigeria-les-faibles-resultats-du-secteur-petrolier-pourraient-plomber-la-croissance-economique

Oversat til Engelsk :

The economy of the leading black gold producer depends largely on oil rent. Despite the efforts of the federal government to restructure the oil sector, the results are slow to be observed.

In Nigeria, a note from financial rating agency Fitch Solutions, published last week, indicates that the low oil production performance recorded in recent months could affect economic growth in the coming years.

According to Fitch, the overall growth of the Nigerian economy will experience relatively low rates over the next four years, despite the new law on the oil industry, which aims to accelerate the growth of the sector and in turn the economy. A situation that, according to the firm, is directly related to the underperformance of the oil and gas sector, the main source of public revenue.

"Despite the new law, our oil and gas team expects oil production to gradually decrease in the coming years. We expect an average annual decrease of 0.5% between 2023 and 2026. In total, fixed investment spending will contribute only 0.6% to overall growth in 2022, "comments the report.

However, Fitch Solutions indicates in its report that Nigeria is expected to record slightly higher economic growth in 2022, from 3.1% in 2021 to 3.5% in 2022, the country's best performance since 2014.

For several months, the country has been facing low production due to maintenance work, the obsolescence of the facilities and the maturity of some key projects. All these difficulties are closely linked to the country's weak upstream investment over the past two decades, when the sector was still framed by the old oil code. The document was considered too restrictive according to investors.

Aqualight 🇩🇰🇳🇴

I am ready to discuss numbers based on reports. It look sometimes totally unrealistic after adding Nigeria and Congo 2P reserve but its a fact. If all assumption fall in line then we will able to cross kr 1 until next year. AC has to restrain issuing more warrants and share until he complete Tunisia work. If as planned 4 well in Nigeria and 4 Tilapia in production we will reach kr 4 to kr 6. (it will take time may be 2 more years)

IOX having similar numbers of share but less 2P reserve and more debt than zenith but daily production is around 3000 bopd (6 times more Zenith). price now 16 times than Zenith.

@Viking_I

I have your back when it comes to the numbers, about the time frame, lets wait and see - one step at the time.

Thank you for your post, on the numbers.

Aqualight 🇩🇰🇳🇴🇬🇧

wrong...Iox has 180 million shares....Zenit has 1 800 million shares...10 times more...market cap same, around 200

Then i am wrong on IOX, then it is too much undervalue company too. P/E is below 0.5 now for IOX.

Fire on a platform in Pointe-Noir -

Brand på olieplatform i Pointe-Noir - 20 personer menes at være fanget. Platformen ejes af Perenco.

Incendie sur une plateforme pétrolière de Pointe-Noire ( Emeraude SUD ). Plus de 20 travailleurs seraient coincés dans l’incendie à cause d’un dispositif de sécurité défaillant. La plate forme pétrolière appartiendrait à PERENCO .

Aqualight 🇩🇰🇳🇴🇬🇧

Fra RNS udsendt den 24 Januar - 2022 - https://www.lse.co.uk/rns/ZEN/operational-update-8211-tunisia-4vmmhqa6vk2la0p.html

Ved vi følgende, fra den udsendte RNS - og jeg har tilknyttet lidt tal samt lidt kommentar :

Ezzaouia Concession

The Ezzaouia concession is producing approximately 500 barrels of oil per day ("BOPD") and 18 MSCF of natural gas at a stable rate. - 500 boe x 85$ x 28 dage = 1.190.000$ ( 10.583.352 nok kr.) før udgifter pr. 28 dag x 12 måneder i alt 14.280.000$ ( 127.000.000 nok kr.) pro anno. uden salg af gas.

The Company is currently consulting with its partner, Entreprise Tunisienne d'Activités Pétrolières ("ETAP"), having decided to perform sidetracks in two non-producing wells on a 'back-to-back' basis to maximise cost control.

The first side-track will be performed in well EZZ-18. The drilling programme for the well intervention is currently being finalised with ETAP. A casing log to determine casing integrity has been agreed and is expected to be performed in March 2022. - Opstarten er lige om lidt

The selection of the second side-track well has still not been finalised and will be determined upon completion of a reservoir study to optimise the selection of the most productive and technically favourable well.

Zenith is expecting to achieve a gross production rate of 1,000 BOPD from the Ezzaouia concession upon completion of the two sidetracks.

Robbana Concession

The Company has finalised plans to drill Robbana-3 ("ROB-3") in the Robbana concession, a new well that will reach a total target depth of approximately 2,500 metres, having designated a different location to that previously considered following an in-depth geological and reservoir review.

ROB-3 will target three proven hydrocarbon-bearing reservoirs in the Cretaceous Upper Meloussi sandstone formation, from which successful production has been achieved from the Robbana-1 well ("ROB-1") for many years.

In the event of a successful outcome, ROB-3 is expected to produce approximately 150-200 BOPD. - 150 (200) boe x 85$ = > 357.000$ (476.000$) pr. mdr. x 12 = 4.284.000$ (5.712.000$) pro anno. (38,1 - 50,8 mill nok kr pro anno)

Funding for ROB-3 is expected to be obtained by way of debt financing and from the Company's existing cash reserves.

The necessary long-lead items have previously been acquired and are already on location. The Company is currently in the process of completing negotiations with a drilling contractor.

Drilling activities are scheduled to commence in June 2022, following the completion of civil work activities and the mobilisation of a drilling rig to the well location.

Update on ROB-1

The Company has suspended production activities from ROB-1 because of increasing water influx caused by a possible lack of casing integrity.

A casing integrity test by to be run by wireline will shortly take place to determine the cause of the water ingress in the wellbore. The necessary action to restore production will be taken accordingly.

Remedial action to restore production from ROB-1 will be planned accordingly based on the results of the investigations performed.

El Bibane concession

El Bibane is producing a stable rate of approximately 90 BOPD net to Zenith. - 90 boe x 85$ x 28 dage = 214.200$ x 12 (22,8 mill nok kr pro anno)

Aqualight 🇩🇰🇳🇴🇬🇧

Håper dette går veien for Zena. Ser ut som det blir endel aktiviteter fremover. Nå håper jeg virkelig aksje kursen gjenspeiler suksessen i 2022. Kan det endelig gå mot 30 øre Aqualight?

Obviously with Tilapia looking like it is going to be the next major move in the Zenith acquisitions trail most of our recent calculations have been on what a huge amount of money that could be worth. However, with oil prices as they are at the moment we also should not forget that Tunisia Is kicking off a large amount of cash as well.

With production currently at somewhere between 450-500 bopd, oil prices at $90 per barrel and opex costs at about $25 then we are looking at a net revenue of:

450bopd = $10.6 million per annum
500bopd = $11.8 million

When we add the additional income from the Italian electricity generation then we are probably up to about $14-$15 million per annum of income. This is more than enough to cover the $12.6 million (CAD$16 million) of administrative expenses for the company and also to leave approx. $2 million left over.

This excess capital is potentially very important for Zenith because this means that that company is already (and even with Rob-1 currently not producing) generating enough money to service debt. This in turn means that when the Tilapia license comes in and we need to drill it then it will be easy to get a debt facility to do this -serviced by the cash generated by Tunisia and the company does not have to issue any more shares to fund the first stage of Tilapia development.

The first step of generating revenue to service debt has already been completed. The next step is to seal the T2 license and assuming, that we get thisgranted while Andrea is in the Congo next week (as per the twitter rumours) then we only have to finish off the last 20% of the TLP-103C drill and then the real money can start to come in.

In short, the Tunisian production allows us to kick start the development of Tilapia and unlock the potential riches there without diluting shareholders.

Before anyone goes crazy over the cost of administration, just look at the half-year accounts, because there is an explanation that is not included in the post. see page 34 - so you do not have to guess.

Link:
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2021/12/Zenith-Financial-Statements-30-September-2021.pdf

Aqualight 🇩🇰🇳🇴

Thats normal In 2021 Zena had mor bolls in the air compare to 2020, so its understandable than expensives war much higher.

Maixent Raoul Ominga renouvelé dans ses fonctions de directeur général de la Société nationale des pétroles du Congo. Le décret a été signé ce jeudi 3 Mars 2022 .

Bare smil og vær glad - helt enkelt.

Aqualight 🇩🇰🇳🇴🇬🇧

Hvem er denne mann?
Maixent Raoul Ominga fornyet i sine funksjoner som daglig leder for National Petroleum Company of Congo. Dekretet ble signert torsdag 3. mars 2022

@LATO - vi kan kalde ham kongen af SNPC. Alle beslutninger uden undtagelse går igennem Maixent - og så er han pro Zenith.

Aqualight 🇩🇰🇳🇴

Hvis der er nogle der ønsker at følge prisudviklingen i Italien på strøm, helt tæt så kan i starte lige her : https://www.mercatoelettrico.org/En/default.aspx

Så kan i også regne de kommende RNS meldinger ud, med hensyn til det stigende overskud.

Aqualight 🇩🇰🇳🇴🇬🇧

Tenker litt på Zena tilbake høsten 2019, kursen gikk fra 0.20 kr til 1 kr. Det hadde vært fint hvis det samme skjedde igjen. 30 øre er vel realistisk denne gang. Laster opp mer denne måneden hvis vi fortsatt er på 10-12 øre per aksje

Høres bra ut! Håper på endelig news denne uken og at Tilapia er i boks!

Galskap å selge nå! 🍾

Idag sker det, kan jeg mærke 💰💰💰

Som jeg har tillatt meg å synse litt om så burde det skje denne uken, hver sitt valg, lykke til!

Salg av olje slutten av mars som kan gi Zena litt inntekter, tildeling av Tilapia som mange håper på, så er det aktiviteter med olje brønn aktiviteter fremover spesielt sommeren som kan gi positive utslag for aksje kursen. Nå har jeg troen på at dette kan bli bra igjen. Pandemien har utsatt prosjekter og vil jeg tro. Men nå vil det bli lettere fremover

International crude lifting for a value of approx. US$6.4 million from Tunisia

Aqualight 🇩🇰🇳🇴