Zenith Energy: Nå starter oppturen!!🔥
April 23, 2021 ZENITH ENERGY LTD. ("Zenith" or the "Company") Debt reduction, amendment of terms and issue 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 it has reduced its liabilities, extended the maturity date of two existing loans and issued share purchase warrants to certain lenders of the Company. Debt Reduction On February 14, 2020, the Company announced that, in relation to its US$2.5 million convertible loan facility (the "Facility") it had reduced its liability to US$1.05 million. The Company is pleased to confirm that, following recent repayments, the current liability in relation to the Facility stands at US$0.7 million. As last announced on January 6, 2021, the Company had an outstanding credit agreement with a financial institution in Azerbaijan for an amount US$54,650.00 plus accrued interest payable by June 30, 2021. The Company is pleased to confirm that this liability has now been reduced to a total amount of US$25,000. Loan Extensions The Company confirms that it has amended the terms of the US$2.5 million convertible loan facility and of an existing revolving credit line, extending the current repayment terms. Issue of Warrants In connection with these loan extensions, Zenith has issued: o 45,000,000 share purchase warrants exercisable at NOK 0.12 (approximately £0.01) per common share payable in full in cash on subscription, and expiring within six months from the date of issue ; and, o 13,593,113 share purchase warrants to the lenders exercisable at NOK 0.156 (approximately £0.013) per common share payable in full in cash on subscription expiring three years from the date of issue. Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "We are always seeking to improve our balance sheet by reducing our debt exposure, specifically to convertible loan facilities. The Board believes the Company shall soon be able to settle all outstanding convertible debt instruments in the event it successfully completes and develops the recently announced acquisitions which have the potential to transform the Company's revenue position and profitability in the current oil price environment." Zenith Energy Ltd
Redigert 23.04.2021 kl 08:12
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BlackPearl
24.04.2021 kl 16:55
4601
Billyjojimbob skrev Du prøver å skrive norsk,men det blir svorsk da du er svensk.😷
Rimelig sikkert at han er fra vestlandet😀
5/1 eller 10/1. 100/1 = 12 millioner aksjer tulling!!!
BlackPearl
24.04.2021 kl 18:10
4621
Billyjojimbob skrev Det der var 1slag under beltestedet,garantert svensk😁
Tenkte ikke slik da😀 ser nå at denne kan mistolkes litt😂
Konjagi
24.04.2021 kl 20:47
4538
De seriøse innleggene fortsetter med full styrke, og det er den samme flokken som koser seg meg dritkasting. Flott det
Wtf is going on here? People are not allowed to use a different language or think twice.
You should pick up a book before you cook the fish.
Chris: skjønner at du er arv av ukyskhet men hold det litt for deg selv.
You should pick up a book before you cook the fish.
Chris: skjønner at du er arv av ukyskhet men hold det litt for deg selv.
Aldara
26.04.2021 kl 10:56
4013
Forget about Nigeria! Too expensive!
Concentrate on Tunisia, Congo and upcoming country no 3!
Concentrate on Tunisia, Congo and upcoming country no 3!
Allroad18
26.04.2021 kl 14:30
3739
Vil rette overskriften til " Når starter oppturen?" Penny stocks ass..
Herman*
26.04.2021 kl 14:34
3739
Den nettsiden er så banal, at det ikke er sikkert at den blir oppdatert med det første.
Faen att jeg ikke fikk solgt meg helt ut på news dagen. Kjøpte for mange aksjer og undervurderte klovnene.
Da blir jeg sittende en stund med resterende 😭
Da blir jeg sittende en stund med resterende 😭
Viking_I
26.04.2021 kl 15:30
3718
Zenith will sell oil most probably in May from EZZ field as per selling cycle .
Gullhaugen
26.04.2021 kl 17:13
3595
Håper AC før signert noe i Congo nå. Nå må vi får noen kursdrivende news snart og ikke bare fjasemeldinger.
Joffe3
26.04.2021 kl 18:18
3575
Viking_l !
Fantastisk, det går virkelig veien framover. :-)
"googel translaite"
And up we go.
Joffe3.
Fantastisk, det går virkelig veien framover. :-)
"googel translaite"
And up we go.
Joffe3.
Galv
26.04.2021 kl 19:13
3511
Viking
We need to look more on Congo TLP - When contract finish-
The field Tilapia will have value sold only on proven reserv this 40-50 m boe value sold on rot is 5-7 us that belong to Zenith about 2-3 nok^2000-3000%^ . We have lates sale what pen from Tullow paid.
We only need to drill one well and to deephts lay confirm the flow.
Hope all stop talk about Nigeria - we need all us dollar to Congo 🗼🛢
We need to look more on Congo TLP - When contract finish-
The field Tilapia will have value sold only on proven reserv this 40-50 m boe value sold on rot is 5-7 us that belong to Zenith about 2-3 nok^2000-3000%^ . We have lates sale what pen from Tullow paid.
We only need to drill one well and to deephts lay confirm the flow.
Hope all stop talk about Nigeria - we need all us dollar to Congo 🗼🛢
Redigert 26.04.2021 kl 19:38
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Gullhaugen
26.04.2021 kl 19:25
3487
Herman*
26.04.2021 kl 20:52
3442
Hvis du leser hva som står om Congo og prosessen rundt Tilapia, står det ingenting om at de har vunnet anbudsrunden/budrunden. Så det virker som AC har tråkket på noen tær da han veltet seg i selvgodhet i forbindelse med den børsmeldingen. Han nevne vel noe litt diskré om dette i siste investor call: Han ville ikke provosere folk som tydeligvis hadde hatt et dårlig år.
Zenith Energy Congo SA ("Zenith Congo"), has been selected as the successful bidder for the award of a new 25-year licence to operate the Tilapia oilfield (“Tilapia II”
Bør være på plass snart denne!
Bør være på plass snart denne!
Galv
26.04.2021 kl 21:39
3388
Lato
Tenker du er en del av den lukkede gruppa.
Det er klippet fra melding desember skrevet av AC.
Denne melding er også fjernet fra hjemme siden.
Vi må bare satse på AC lander Tilapia avtale.
Det er denne som avgjør om Zenith blir 1-2 osv nok aksje eller en 10-20 øre aksje💰🛢😉
Tenker du er en del av den lukkede gruppa.
Det er klippet fra melding desember skrevet av AC.
Denne melding er også fjernet fra hjemme siden.
Vi må bare satse på AC lander Tilapia avtale.
Det er denne som avgjør om Zenith blir 1-2 osv nok aksje eller en 10-20 øre aksje💰🛢😉
Gullhaugen
26.04.2021 kl 22:04
3323
Jeg synes faktisk at AC virket ganske spak og ikke like energisk og selvsikker som han pleier.
BlackPearl
26.04.2021 kl 22:08
3362
«in the event the Company was successful in being awarded a new 25-year permit»
regner med at du har sett denne også
regner med at du har sett denne også
Jeg betviler ikke at Tilapia 2 går inn. Kommet nok news snart!
Gullhaugen
26.04.2021 kl 23:04
3239
BlackPearl skrev Vi får håpe at det skjer noe med den dealen snart
Ja nå haster det uten ser vi 0.06 igjen ganske snart.
Viking_I
27.04.2021 kl 02:30
3085
"The Company will make a further regulatory announcement once the IPU is concluded" as per message and IPU is concluded in start of Feb.Zenith "is pleased to announce that it has now received formal confirmation regarding the successful completion of the Inquiry of Public Utility (Enquête d'Utilité Publique) ("IPU"), following an in-depth technical and financial review, performed by the Ministry of Hydrocarbons of the Republic of the Congo during the month of January 2021. As announced on December 23, 2020, the Company will now proceed with the potential finalisation and ratification of the Production Sharing Contract ("PSC") for Tilapia II." Message dated 10 Feb.
( Is anyone having information regarding IPU done by govt other than Zenith for Tilapia II) and New Govt is already in-placed this month so expected news until May end as AC is in Congo. Some people trying to create panic as usual for bottom fishing but current price way lower than Tunisians asset's half income. Tilapia II will be bazooka after concluded expected production.
( Is anyone having information regarding IPU done by govt other than Zenith for Tilapia II) and New Govt is already in-placed this month so expected news until May end as AC is in Congo. Some people trying to create panic as usual for bottom fishing but current price way lower than Tunisians asset's half income. Tilapia II will be bazooka after concluded expected production.
Redigert 27.04.2021 kl 04:40
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Gullhaugen
27.04.2021 kl 07:20
2927
Bør ikke Zena følge oljeprisen oppover nå? Akkurat nå er hele butikken verdsatt til 109 mill. Litt lavt spør du meg. Er alle de nye aksjene ute i markedet nå?
Galv
27.04.2021 kl 07:26
2914
I am agree with viking.
We have someone try to see 9-8 øre so they can fill up with more share.
I think we will see deal completed before summer.
The best information just now - we have no other oil company deal with Congo oil departement about Tilapia😀🗼🛢
We have someone try to see 9-8 øre so they can fill up with more share.
I think we will see deal completed before summer.
The best information just now - we have no other oil company deal with Congo oil departement about Tilapia😀🗼🛢
Redigert 27.04.2021 kl 07:28
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Herman*
27.04.2021 kl 08:10
2852
Hvis du tror jeg prøver å fiske billige aksjer, tar du feil. Jeg stiller alltid kritiske spørsmål. Når det gjelder den IPU, er ikke den knyttet spesifikt til Tilapia, men til lisenser i Congo generelt. (Ref brevet fra dama i departementet) Ellers er jeg enig at 10 øre reflekterer bare det de har fått til i Tunisia og Italia. En formalisering av Tilapia vil derfor være en stor trigger.
Redigert 27.04.2021 kl 08:10
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Gullhaugen
27.04.2021 kl 08:29
2801
I dag bør vi opp på siste emipris samt AC sitt innsidekjøp. Olja er stigende men dumpinggjengen dreper jo alle oppganger selv på 0.035 øre😜 Når skal disse dritrungene lære??
Billyjojimbob
27.04.2021 kl 19:06
2404
De som ønsker blir kvitt luter under 10 øre,er den ikke mer verdt pt?