Zenith lÄner penger til utvikling i Tunisia!
https://newsweb.oslobors.no/message/534145
Loan for Tunisian Development
May 26, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Loan for Tunisian Development
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 entered into a loan agreement with Winance, a Dubai registered single-family office (the âLenderâ), for a total amount of EUR 2.1 million (approximately ÂŁ1.8 million or approximately NOK 21.4 million) (the âLoan Agreementâ).
Terms
The Loan Agreement has a duration of six months and does not attract interest.
An upfront arrangement fee, equal to 5 percent of the total drawdown amount, has been paid to the Lender in accordance with the terms of the Loan Agreement.
During each month prior to the maturity date, Zenith shall make repayments in accordance with the Loan Agreement (âInstalmentsâ), with the first Instalment being payable during the month of July 2021.
100,000,000 new common shares of no par value (the âReserve Sharesâ) have been issued to the Lender to be held in a depositary institution designated by the Lender.
Under the terms of the Loan Agreement, Zenith may elect to pay each Instalment either by cash or by utilising the Reserve Shares, by delivering to the Lender an amount of Reserves Shares equivalent to the quotient obtained by dividing the Instalment Amount by 95 percent of the applicable VWAP (volume weighted average price) for the period of ten business days prior to the due date for each Instalment.
New Common Shares held in Treasury
The Company has issued a total of 8,400,000 new common shares at a price of NOK 0.10 (equivalent to approximately ÂŁ0.085) to be held in Treasury (the âTreasury Sharesâ).
An application for the Treasury Shares and Reserve 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 and section 3.10 of the Euronext Growth Oslo Rule Book Part II, the following revised information resulting from the issuance of the Reserve Shares and the Treasury Shares.
Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share
Common Shares in issue and admitted to trading on the Main Market of the London Stock Exchange 313,400,824 1 313,400,824
Common Shares in issue and admitted to trading on the Euronext Growth Market of the Oslo BĂžrs - representing the total outstanding common share capital of the Company 1,377,289,331 1 1,377,289,331
The above figure for total number of common shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
âWe are very pleased to have concluded our first financing agreement with Winance. This is fruit of the considerable effort made by Zenithâs management team in developing our funding strategy with emphasis towards Arab and Middle Eastern financial markets.
The Company will use the funds obtained from the Loan to commence its near-term operational objectives in Tunisia, as well as providing additional capital for potential acquisitions that the Company may seek to complete. We shall update the market in due course regarding our operational programme in Tunisia.
In view of the confidence of the Companyâs management in the value creation potential of our possible near-term progress, Zenith shall seek to minimise the use of the Reserve Shares to fulfil the obligations arising from the Loan, and instead maximise the use of the Companyâs financial resources generated from oil production.â
Waqas Ibrahim, Director and CFO of Winance, commented:
âWe are delighted to collaborate with a proficient and esteemed management team such as that of Zenith Energy. Winance, as a strategic partner, shall seek to support Zenithâs growth aspirations for the foreseeable future by utilising our extensive expertise to innovate and adapt to the evolving funding requirements it may have as it delivers on its ambitious African development campaign.â
Loan for Tunisian Development
May 26, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Loan for Tunisian Development
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 entered into a loan agreement with Winance, a Dubai registered single-family office (the âLenderâ), for a total amount of EUR 2.1 million (approximately ÂŁ1.8 million or approximately NOK 21.4 million) (the âLoan Agreementâ).
Terms
The Loan Agreement has a duration of six months and does not attract interest.
An upfront arrangement fee, equal to 5 percent of the total drawdown amount, has been paid to the Lender in accordance with the terms of the Loan Agreement.
During each month prior to the maturity date, Zenith shall make repayments in accordance with the Loan Agreement (âInstalmentsâ), with the first Instalment being payable during the month of July 2021.
100,000,000 new common shares of no par value (the âReserve Sharesâ) have been issued to the Lender to be held in a depositary institution designated by the Lender.
Under the terms of the Loan Agreement, Zenith may elect to pay each Instalment either by cash or by utilising the Reserve Shares, by delivering to the Lender an amount of Reserves Shares equivalent to the quotient obtained by dividing the Instalment Amount by 95 percent of the applicable VWAP (volume weighted average price) for the period of ten business days prior to the due date for each Instalment.
New Common Shares held in Treasury
The Company has issued a total of 8,400,000 new common shares at a price of NOK 0.10 (equivalent to approximately ÂŁ0.085) to be held in Treasury (the âTreasury Sharesâ).
An application for the Treasury Shares and Reserve 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 and section 3.10 of the Euronext Growth Oslo Rule Book Part II, the following revised information resulting from the issuance of the Reserve Shares and the Treasury Shares.
Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share
Common Shares in issue and admitted to trading on the Main Market of the London Stock Exchange 313,400,824 1 313,400,824
Common Shares in issue and admitted to trading on the Euronext Growth Market of the Oslo BĂžrs - representing the total outstanding common share capital of the Company 1,377,289,331 1 1,377,289,331
The above figure for total number of common shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
âWe are very pleased to have concluded our first financing agreement with Winance. This is fruit of the considerable effort made by Zenithâs management team in developing our funding strategy with emphasis towards Arab and Middle Eastern financial markets.
The Company will use the funds obtained from the Loan to commence its near-term operational objectives in Tunisia, as well as providing additional capital for potential acquisitions that the Company may seek to complete. We shall update the market in due course regarding our operational programme in Tunisia.
In view of the confidence of the Companyâs management in the value creation potential of our possible near-term progress, Zenith shall seek to minimise the use of the Reserve Shares to fulfil the obligations arising from the Loan, and instead maximise the use of the Companyâs financial resources generated from oil production.â
Waqas Ibrahim, Director and CFO of Winance, commented:
âWe are delighted to collaborate with a proficient and esteemed management team such as that of Zenith Energy. Winance, as a strategic partner, shall seek to support Zenithâs growth aspirations for the foreseeable future by utilising our extensive expertise to innovate and adapt to the evolving funding requirements it may have as it delivers on its ambitious African development campaign.â
Redigert 26.05.2021 kl 08:14
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Aldara
26.05.2021 kl 17:07
3209
Slettet brukerskrev Flott avslutting! NĂ„ starter kjĂžret mot 50 Ăžre:)
Ja. Hadde endelig vĂŠrt en stor glede! Men er overhodet ikke overbevist siden denne stadig faller tilbake, dessverre! Men ingenting hadde vĂŠrt bedre!
Gullit
26.05.2021 kl 17:16
3242
Slettet brukerskrev Flott avslutting! NĂ„ starter kjĂžret mot 50 Ăžre:)
Det som er her, det ligger Ă„ ulmer veldig, masse spennende pĂ„ gang. Plutselig bestemmer noen stĂžrre seg for Ă„ ta plass.. og plutselig gĂ„r vi fra Ă„ vĂŠre en liten mygg til en middels flueđ
Herbius
26.05.2021 kl 17:35
3208
Ja glĂŠder mig til den dag vi runder 20 Ăžre og vi er fri for alle de AmĂžber/ AMATĂR Nisser herinde đđđ°đ°đ°đ°
Men, er ikke det ogsĂ„ selve grunnen til at du alltid kommer tilbake hit? đđđ
Herman*
26.05.2021 kl 18:17
3115
NÄ skal jeg ikke falle for fristelsen til Ä komme med grunnlÞs haussing, men tror fÞlgende er nÞkternt: Hvis Zena viser at de klarer Ä igangsette konkrete utviklingsprosjekter pÄ sine lisenser i Tunisia, samt sikrer Tilapia i Congo, kan det godt hende tunisiske myndigheter ombestemmer seg nÄr det gjelder Ä slippe Zenith til pÄ de aller stÞrste oljefeltene. Som kjent er stÞrre aktÞrer pÄ vei ut, og myndighetene jobber hardt for Ä erstatte dem. Da er det plutselig ikke snakk om noen hundre fat her og der. Time will tell...
Joffe3
26.05.2021 kl 19:36
2987
Herman !
Dette kommer til Ă„ bli fres. :-)
Ja..... vi vet alle hva som kommer nĂ„. Lille Zenith Energy blir " Ărn" SĂ„ kan Chris ta seg en bolle. :-)
Blir faktisk fristet til Ă„ stemme Demokratene til hĂžsten. Er litt lei dette Ti hi hi greiene til Lan M Berg og Globallistene.
Venter spent pÄ brev i fra reisene "Onkel reisende McAC jeg da" :-)
I fra 11 Ăžre til f.eks. 15 Ăžre er god avkasting. :-)
Joffe3
Dette kommer til Ă„ bli fres. :-)
Ja..... vi vet alle hva som kommer nĂ„. Lille Zenith Energy blir " Ărn" SĂ„ kan Chris ta seg en bolle. :-)
Blir faktisk fristet til Ă„ stemme Demokratene til hĂžsten. Er litt lei dette Ti hi hi greiene til Lan M Berg og Globallistene.
Venter spent pÄ brev i fra reisene "Onkel reisende McAC jeg da" :-)
I fra 11 Ăžre til f.eks. 15 Ăžre er god avkasting. :-)
Joffe3
Redigert 26.05.2021 kl 20:37
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Nano Rekyl
26.05.2021 kl 19:59
2937
Tror det blir mange fine reisebrev fra vÄr kjÊre onkel reisende AC nÄ fremover!
Joffe3
26.05.2021 kl 20:24
2886
Nano Rekyl !
Tro kan du gjĂžre i kirka.
Det blir mange fine reisebrev i fra vÄr kjÊre onkel reisende McAC nÄ fremover. :-)
Joffe3
Tro kan du gjĂžre i kirka.
Det blir mange fine reisebrev i fra vÄr kjÊre onkel reisende McAC nÄ fremover. :-)
Joffe3
Joffe3
26.05.2021 kl 20:41
2829
Fluefiskeren !
Du er bare herligste.
Joffe3.
Du er bare herligste.
Joffe3.
Redigert 26.05.2021 kl 20:46
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Nano Rekyl
26.05.2021 kl 20:51
2812
Helt enig med deg der Joffe 3, jeg vet..... det er jo derfor jeg har investert i Zena! Ha ellers en fin fin aften! Hilsen en som er inne blant de 100 stĂžrste idiotene! Men jeg er snart pĂ„ vei ned til banken med et digert smil đ°đ°đ°
Aldara
26.05.2021 kl 21:12
2764
Joffe3... Lenge siden du har shortet? Dekket inn for lengst..?
Redigert 26.05.2021 kl 21:12
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Joffe3
26.05.2021 kl 21:20
2731
Aldara !
Beklager feil Nick.
Nei..faktisk ikke....... McAC har jeg faktisk trua pÄ et par Är til. (ikke tro) :-)
Joffe3
Beklager feil Nick.
Nei..faktisk ikke....... McAC har jeg faktisk trua pÄ et par Är til. (ikke tro) :-)
Joffe3
Redigert 26.05.2021 kl 21:32
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citius
26.05.2021 kl 21:45
2648
Inkl salg av oljelager mm sÄ er det finansiering nok for en lengre borreplan godt inn i 2022
Z sin egen rig pluss workover rigg bĂžr lande i Tunisien innen kort tid
Congo-avtalen ligger nok pÄ bordet for signering ogsÄ snart
I oljesammenheng sÄ har det faktisk gÄtt ganske kort tid :-))
Tror dere denne forsetter opp i dag siden den gikk opp rett fĂžr bĂžrs slutt ??:)
Slettet brukerskrev Tror dere denne forsetter opp i dag siden den gikk opp rett fĂžr bĂžrs slutt ??:)
Ville ikke tatt gÄrsdagens kursoppgang som noen pekepinn. Det handles pÄ lavt volum i denne aksjen. En enkeltperson kan Þke kursen betraktelig om man absolutt vil inn, og vice versa.
Ville lest meg opp pÄ selskapet i stedet :)
Ville lest meg opp pÄ selskapet i stedet :)
Redigert 27.05.2021 kl 01:03
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HOLD pĂ„ AKSJENE!!! KJĂP av de svake!!!
Aldara
27.05.2021 kl 09:07
2207
Jeg ser billighorene er raskt pÄ plass med salg under sist omsatte. MÞkkamÞnster! Vil dette endres..?
Slettet brukerskrev HOLD pĂ„ AKSJENE!!! KJĂP av de svake!!!
Hvem tar ut 2,2 millioner aksjer pÄ 0.1272?
NU kĂžr vi!!!!
NU kĂžr vi!!!!
Slettet brukerskrev HOLD pĂ„ AKSJENE!!! KJĂP av de svake!!!
Hvem tar ut 2,2 millioner aksjer pÄ 0.1272?
NU kĂžr vi!!!!
NU kĂžr vi!!!!
Gullit
27.05.2021 kl 09:11
2594
Slettet brukerskrev Hvem tar ut 2,2 millioner aksjer pÄ 0.1272? NU kÞr vi!!!!
Det er nÄ vi mÄ klare Ä holde fast pÄ aksjene.. dette er smÄ Þrer...
Aldara
27.05.2021 kl 09:12
2572
En eller annen G J à K kommer garanert til Ä lempe ut pÄ 0,10xx snart! Vent Ä se! HÄper jeg tar feil!
Herman*
27.05.2021 kl 09:12
2573
Hvis Zena leverer de neste ukene, fÄr vi en solid reprising. Kursen var 18 Þre da de meldte at selskapet var den foretrukne «sÞkeren» pÄ Tilapia. Hvis de lykkes med Ä inngÄ en bindende avtale med myndighetene, og dermed sikrer lisensen, bÞr vi hÞyere enn dette. SÄ er det mange andre triggere som er nevnt mange ganger fÞr, og mye av dette kan komme de neste ukene om vi er heldige. Hva kursen er i dag er ikke sÄ viktig, men avslutter vi juni under 20 Þre blir jeg skuffet. Tilapia og en stor lisens i Vest Afrika bÞr sende kursen over 30 Þre, men timingen pÄ sistnevnte er usikker. Jeg har i mine kursmÄl hensyntatt det faktum at selskapet handles med stor rabatt i forhold til «peers». Det vil de nok gjÞre en god stund fremover.
Redigert 27.05.2021 kl 09:15
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Helt enig! Utrolig mye spennende som kan bli meldt nÄr som helst!
Utrolig at noen velger Ă„ selge ned.
Alle vet kursen skal kraftig opp!
Bare hĂžr hva tanker Dover portefĂžljen og Stig Myrseth hadde av Zena! Underpriset delux!!!
Men de skulle ha handlet litt:)
Utrolig at noen velger Ă„ selge ned.
Alle vet kursen skal kraftig opp!
Bare hĂžr hva tanker Dover portefĂžljen og Stig Myrseth hadde av Zena! Underpriset delux!!!
Men de skulle ha handlet litt:)
Aldara
27.05.2021 kl 11:05
2320
Samme drittmĂžnster som vanlig!
Folk pÊlmer ut pÄ kjÞp, de klarer ikke sitte rolig!
Vi fÄr ikke denne opp fÞr folk slutter med den dritten eller at noen rÞsker ALT opp til 15 Þre!
Skjerp eder! Jeg Ăžnsker ikke tilbake til 0,10xx
Folk pÊlmer ut pÄ kjÞp, de klarer ikke sitte rolig!
Vi fÄr ikke denne opp fÞr folk slutter med den dritten eller at noen rÞsker ALT opp til 15 Þre!
Skjerp eder! Jeg Ăžnsker ikke tilbake til 0,10xx
citius
27.05.2021 kl 11:15
4214
Tullball
Fikk flere gaver i dag..................billigsalg her ennÄ :-))
50 Ăžre!!
Herman*
27.05.2021 kl 11:19
4198
En treger ikke skrive 10 sytemeldinger hver dag, det holder med maks 2...:-) KjÞp noen millioner aksjer eller bare vent til triggerne eventuelt gÄr i boks.
MarketGunsling
27.05.2021 kl 15:02
4035
Herman â yes I agree that the figures you have mentioned make it clear that the company should be fully funded not just for the Ezzaouia workovers ($1.2 million) but also for the work at El Bibane ($3.5 million) and Robbana (which at a guess would be another $400k). In total the company has access to almost $9 million from the various warrants, placings and loans.
Obviously some of the money raised has gone on ongoing Tunisian operation costs as well as the purchases prices and covering of Compagnie Du Desert Ltd debt. However, it is clearly perfectly possible that the company could have gone ahead and developed all three of Ezzaouia, El Bibane and Robbana without borrowing funds from Winance at all. Which begs the question: why did they borrow the money?
I think that there are two answers to this:
The first is that: small-cap oil and gas companies can never have access to enough capital until they become cash-positive producers. It is prudent to make sure that there is always some âbufferâ capital in the bank for unpredicted events â whether these are cost-overruns in drilling programs or unexpected asset acquisition opportunities. So on the one hand it is just the company being prudent with a loan that has not costed very much to put in place.
The second and more important point is that this could be a very clever piece of forward-thinking credit management by the company. By borrowing and repaying a sum of money that they do not really need over a very short period of time they are building up a credit history with Winance which will allow them to be in a position to borrow more money for other projects in the not-too-distant future. As you suggested, funding for Tilapia would certainly be a good use of this credit line.
This fits in with exactly what Andrea was saying that he wanted to do in the investor conference call and the interview with Stig Myrseth on May 6th 2021 â which is to move the company away from funding operational activities via placings and instead funding them via the bond market. He said in the Stig interview âThe intention as published recently in an RNS is clearly to reduce to a minimum (aiming for zero) the issuing of new shares. At the same time there are still a few warrants in circulation that will be triggered at some stage. There is also the fact that all the other mechanisms that we are using are more complicated than a simple equity issues.â
When asked in the Investor conference call of April 9th 2021l âAre you able to indicate when the sale of bonds can become a major source of financing for Zenith? He replied with the following statement â As soon as possible, but it is a process. We are working in continental Europe rather than the UK to create a form of bonds that can be issued cheaply and easily by a lead broker that can replace them with joint brokers and investors. Bonds are a much more complicated entity than equities as they are international rather than just within one country and they are also purchased by investors who donât want to make a lot of money or lose their stake but they wan t a prudent but secure return.â
The key point of both these answers is that they show a consistent aim to produce a company that is funding operational activities out of debt rather than equity. Obviously the long-term aim is clearly to generate funding via the bond market but this will not be practical until Zenith is clearly showing an annual report (or at least interims) that show there is significant revenue generation from operational activities. So in the short-term, until the company is in a stronger position to sell its own bonds Winance seems to be the perfect opportunity to finance development via debt instead of equity.
It is also important to remember that once we have completed the Ezzaouia work program (and assuming that it is successful) then we will be generating $472,500 per month in net revenue ($35 x 450bopd for 30 days) but if we get Robbana up to 200bopd this would deliver another $210,000 per month ($25 x 200 bopd x 30days) in revenue and a successful well intervention at EBB-3 would deliver a further 500bopd generating $525,000 per month ($35 x 500 x 30). In total this would equate to just over $1 million a month in production profit. This would very easily service a loan of $5 million to cover the costs of drilling Tilapia â meaning that we would no longer have to rely on the timely delivery of the SNPC $5.7 million.
As you say, the company is well funded going forwards not only for the Tunisian production work program but also for the acquisition of new assets. If all goes well with the Tunisan work program then we could well be building up to a future when AC will actually be in a position to deliver on his aim of enabling future growth to be financed on debt instead of equity.
Obviously some of the money raised has gone on ongoing Tunisian operation costs as well as the purchases prices and covering of Compagnie Du Desert Ltd debt. However, it is clearly perfectly possible that the company could have gone ahead and developed all three of Ezzaouia, El Bibane and Robbana without borrowing funds from Winance at all. Which begs the question: why did they borrow the money?
I think that there are two answers to this:
The first is that: small-cap oil and gas companies can never have access to enough capital until they become cash-positive producers. It is prudent to make sure that there is always some âbufferâ capital in the bank for unpredicted events â whether these are cost-overruns in drilling programs or unexpected asset acquisition opportunities. So on the one hand it is just the company being prudent with a loan that has not costed very much to put in place.
The second and more important point is that this could be a very clever piece of forward-thinking credit management by the company. By borrowing and repaying a sum of money that they do not really need over a very short period of time they are building up a credit history with Winance which will allow them to be in a position to borrow more money for other projects in the not-too-distant future. As you suggested, funding for Tilapia would certainly be a good use of this credit line.
This fits in with exactly what Andrea was saying that he wanted to do in the investor conference call and the interview with Stig Myrseth on May 6th 2021 â which is to move the company away from funding operational activities via placings and instead funding them via the bond market. He said in the Stig interview âThe intention as published recently in an RNS is clearly to reduce to a minimum (aiming for zero) the issuing of new shares. At the same time there are still a few warrants in circulation that will be triggered at some stage. There is also the fact that all the other mechanisms that we are using are more complicated than a simple equity issues.â
When asked in the Investor conference call of April 9th 2021l âAre you able to indicate when the sale of bonds can become a major source of financing for Zenith? He replied with the following statement â As soon as possible, but it is a process. We are working in continental Europe rather than the UK to create a form of bonds that can be issued cheaply and easily by a lead broker that can replace them with joint brokers and investors. Bonds are a much more complicated entity than equities as they are international rather than just within one country and they are also purchased by investors who donât want to make a lot of money or lose their stake but they wan t a prudent but secure return.â
The key point of both these answers is that they show a consistent aim to produce a company that is funding operational activities out of debt rather than equity. Obviously the long-term aim is clearly to generate funding via the bond market but this will not be practical until Zenith is clearly showing an annual report (or at least interims) that show there is significant revenue generation from operational activities. So in the short-term, until the company is in a stronger position to sell its own bonds Winance seems to be the perfect opportunity to finance development via debt instead of equity.
It is also important to remember that once we have completed the Ezzaouia work program (and assuming that it is successful) then we will be generating $472,500 per month in net revenue ($35 x 450bopd for 30 days) but if we get Robbana up to 200bopd this would deliver another $210,000 per month ($25 x 200 bopd x 30days) in revenue and a successful well intervention at EBB-3 would deliver a further 500bopd generating $525,000 per month ($35 x 500 x 30). In total this would equate to just over $1 million a month in production profit. This would very easily service a loan of $5 million to cover the costs of drilling Tilapia â meaning that we would no longer have to rely on the timely delivery of the SNPC $5.7 million.
As you say, the company is well funded going forwards not only for the Tunisian production work program but also for the acquisition of new assets. If all goes well with the Tunisan work program then we could well be building up to a future when AC will actually be in a position to deliver on his aim of enabling future growth to be financed on debt instead of equity.
Herman*
27.05.2021 kl 15:14
4007
I agree with everything you say, but I still dont believe that Zenith will get the 5.7 million in cash. The signing fee for Tilapia is 2 million USD. The rest-in my opinion, will probably be offset against a larger ownership in Tilapia. What do you think about the West Africa deal? Do you think it will happen this summer? They have been positive to a lot of deals, some of which dont materialize of course.
mÄ kjÞpe en dress til han andre. er det kongo-kontoret i bakgrunnen?
Redigert 27.05.2021 kl 15:42
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Herman*
27.05.2021 kl 15:44
3933
Ser ut som han har fÄtt 10 dollar for Ä bli med pÄ bildet uten Ä ane hva han er med pÄ. I virkeligheten heter han James og er taxisjÄfÞr... neida...:-)
Aldara
27.05.2021 kl 15:53
3900
Og da var vi tilbake pÄ 0,106
Hallelujah!
Hallelujah!
Redigert 27.05.2021 kl 15:54
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Nano Rekyl
27.05.2021 kl 16:48
3806
Synes Herman er pĂ„ vei til Ă„ bli en storhausser nĂ„ i forhold til tidligere! StĂ„ pĂ„ Herman du gjĂžr en kjempejobb! Pluss noen tilđđđ vi nĂŠrmer oss for hver dag som gĂ„r! NĂžkkelordet er tĂ„lmodighet!
Ha ellers en super aften bÄde dansker og andre!
Ha ellers en super aften bÄde dansker og andre!
citius
27.05.2021 kl 17:44
3714
I den grad det er mulig med tekniske vurderinger:
Zenith Energy har brutt opp gjennom taket i en fallende trendkanal pÄ mellomlang sikt
Range 10 - 19 Ăžre
Zenith Energy har brutt opp gjennom taket i en fallende trendkanal pÄ mellomlang sikt
Range 10 - 19 Ăžre
MarketGunsling
28.05.2021 kl 17:06
3420
Herman â I think that it is inevitable that the signature bonus for Tilapia will come out of the $5.7 million owed by the SNPC and I suspect we will also end up âspendingâ some more of that money on a new license acquisition in the Congo. However, I do think that we are going to end up with at least $2 million in cash ending up being handed over from the SNPC to Zenith.
Re the West Africa deal â yes, I think that this will happen this summer or earlier. I think that by the middle of summer we will have the Tilapia 2 license, an additional license in Congo and the West Africa deal. I think that the big hint on these (especially the West Africa one) is in the last news release when they said about the E2.1 million thatâs: âThe Company will use the funds obtained from the Loan to commence its near-term operational objectives in Tunisia, as well as providing additional capital for potential acquisitions that the Company may seek to completeâ
In my experience, when Zenith say something like this in a news release then it usually means that a new deal is pretty imminent. Exciting times ahead IMO.
Re the West Africa deal â yes, I think that this will happen this summer or earlier. I think that by the middle of summer we will have the Tilapia 2 license, an additional license in Congo and the West Africa deal. I think that the big hint on these (especially the West Africa one) is in the last news release when they said about the E2.1 million thatâs: âThe Company will use the funds obtained from the Loan to commence its near-term operational objectives in Tunisia, as well as providing additional capital for potential acquisitions that the Company may seek to completeâ
In my experience, when Zenith say something like this in a news release then it usually means that a new deal is pretty imminent. Exciting times ahead IMO.
Redigert 28.05.2021 kl 17:07
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Gullit
28.05.2021 kl 17:42
3373
Slettet brukerskrev mÄ kjÞpe en dress til han andre. er det kongo-kontoret i bakgrunnen?
Herlighet sÄ mange reisedÞgn denne mannen mÄ ha. GjÞr en kjempe jobb om dagen!!!
Herman*
28.05.2021 kl 17:58
3332
Jeg hausser med en hÄnd og baisser med den andre, litt som Zenith ledelsens forhold til Ä skape aksjonÊrverdier...:-) Er mye Ä sette fingeren pÄ i dette selskapet, men det forandrer ikke det faktum at aksjen er grisebillig.
Nano Rekyl
28.05.2021 kl 18:23
3298
Er helt enig med deg at denne er grisebillig om ting slÄr til blir det ellevilt!
Ha en strÄlende helg alle som en!
Husk det er fredag min venn....
Ha en strÄlende helg alle som en!
Husk det er fredag min venn....
Gullhaugen
28.05.2021 kl 19:04
3251
Hvorfor er aksjen grisebillig? Antall aksjer som bare Ăžker er jo lik Mcap ganget ned aksjepris???
Redigert 28.05.2021 kl 19:06
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Gullhaugen
28.05.2021 kl 19:24
3211
Nei....ikke i hele tatt.....husk at vi har hatt grĂžnne dager pĂ„ bĂžrsen ...denne fĂ„r jeg nok pĂ„ 0.1 og under i neste uke. I mellomtiden har vi tjent pĂ„ andre aksjer. Husk at nĂ„ du kjĂžper Zena sĂ„ kommer du kun ut i pluss ved newsđ€ đ
đ
Kos deg i SIEM OFFSHORE du. Vi trenger ikke deg! Neste uke blir kanon!! đ„đ«âïž
Redigert 28.05.2021 kl 19:32
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Gullhaugen
28.05.2021 kl 19:58
3168
Ja siem gav mer en Zena.đ for der sitter du fengslet
Du mÄ slutte Ä lure folk inn i Zena.....ikke rart folk dumper med tap hver dagfor Ä komme seg inn i andre likvide aksjer..
Du mÄ slutte Ä lure folk inn i Zena.....ikke rart folk dumper med tap hver dagfor Ä komme seg inn i andre likvide aksjer..
Redigert 28.05.2021 kl 20:33
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