Tullball

Fikk flere gaver i dag..................billigsalg her ennå :-))

50 øre!!

En treger ikke skrive 10 sytemeldinger hver dag, det holder med maks 2...:-) Kjøp noen millioner aksjer eller bare vent til triggerne eventuelt går i boks.

Herman – 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 “buffer” capital in the bank for unpredicted events – 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 – 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 “The 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.”

When asked in the Investor conference call of April 9th 2021l “Are you able to indicate when the sale of bonds can become a major source of financing for Zenith? He replied with the following statement “ 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 don’t want to make a lot of money or lose their stake but they wan t a prudent but secure return.”

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 – 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.

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.

https://twitter.com/CattaneoGenoa

må kjøpe en dress til han andre. er det kongo-kontoret i bakgrunnen?

Ser ut som han har fått 10 dollar for å bli med på bildet uten å ane hva han er med på. I virkeligheten heter han James og er taxisjåfør... neida...:-)

Og da var vi tilbake på 0,106
Hallelujah!

😂😂😂

Eller måske Herman 😂😂

Synes Herman er på vei til å bli en storhausser nå i forhold til tidligere! Stå på Herman du gjør en kjempejobb! Pluss noen til😁😁😁 vi nærmer oss for hver dag som går! Nøkkelordet er tålmodighet!

Ha ellers en super aften både dansker og andre!

I den grad det er mulig med tekniske vurderinger:

Zenith Energy har brutt opp gjennom taket i en fallende trendkanal på mellomlang sikt

Range 10 - 19 øre

Herman – 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 “spending” 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 – 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 that’s: “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”

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.

Herlighet så mange reisedøgn denne mannen må ha. Gjør en kjempe jobb om dagen!!!

Jeg hausser med en hånd og baisser med den andre, litt som Zenith ledelsens forhold til å skape aksjonærverdier...:-) Er mye å sette fingeren på i dette selskapet, men det forandrer ikke det faktum at aksjen er grisebillig.

Er helt enig med deg at denne er grisebillig om ting slår til blir det ellevilt!

Ha en strålende helg alle som en!

Husk det er fredag min venn....

Hvorfor er aksjen grisebillig? Antall aksjer som bare øker er jo lik Mcap ganget ned aksjepris???

Er den ved at løbe fra dig 💰💰😂😂

Nei....ikke i hele tatt.....husk at vi har hatt grønne dager på børsen ...denne får jeg nok på 0.1 og under i neste uke. I mellomtiden har vi tjent på andre aksjer. Husk at nå du kjøper Zena så kommer du kun ut i pluss ved news🤠🎅😊

Kos deg i SIEM OFFSHORE du. Vi trenger ikke deg! Neste uke blir kanon!! 🔥💫☀️

Ja siem gav mer en Zena.😊 for der sitter du fengslet
Du må slutte å lure folk inn i Zena.....ikke rart folk dumper med tap hver dagfor å komme seg inn i andre likvide aksjer..

Hehe dejligt at vide 💰💰🤏

Så bliver vi da fri for at høre på dig i fremtiden 🙏🙏

Nei....kommer duppen på 0.1 så er jeg inne.....og den kommer nok i neste uke 😎 Med ønske noen fin weekend 😊

Gullhaugen...
Etter handelen å bedømme denne uka så kommer ikke 0,10 neste uke! Har blitt skuffet utallige ggr men noe er i ferd med å skje! Se handlene!

Denne uka har vært grønn ..ikke lenge siden den var i 0.0980.😎

Kjøss meg i røven som de sier i by Vestlandet. Noen tror innerst inne at det som skrives her på på dette forumet betyr noe som helst. Tenker at noen av dere trenger virkelig en reality check. Kom dere ut i det virkelige liv...det hjelper på det meste. Take care og good look

Og hvordan er det i det virkelige liv konjagi..?

Hei Herbius.
Ja, 10 % opp på 1 uke kan vi som har vært nede i den røde "dødsdalen" til 3.8 øre leve med.
Husk det jeg sier nå......
Her skal bli endel som må bite seg i leppen,over ting de har skrevet og sagt.
Dette går veien,. Jeg var lenge bekymret for finansiering for videre boreaktivitet som må til.
Det er jeg ikke lengre.
Han jobber utrolig bra den"lille" italieneren.
Ha en flott helg alle som en...

Those are without patience are out in last 2 months. So now we are going north only. Stock is 3 to 4 times undervalued with Tunisians asset's without tilapia. 2Company added 3 new production field after last year announcement of Tilapia II & SLK ( which is currently producing field generating profits of 3 millions nok per month ) and 2p reserve of 20 million is added. I am ok with total number of stock increase to 2 billion still stock will go above 1 kr until next year end.

Lets first talk about 20 øre as first target.
Talk about 1 kr or 10.000 to 20000 barrels pr.day in production is just bull shit.
Lets bild stone om stone.
Dont dream..

Er ikke tiden å være ute på nå... det ble en ganske så fin uke, vi bare fortsetter oppover neste uke. God helg😀

2 billion shares and 1 kr share price is obviously equal to a market cap of 2 billion NOK. Zenith will have to deliver an enormous growth with regards to both production and reserves in order to pull that off. They also need to get rid of the special «zenith discount». Another company I own shares in have 100 million P3 and the reserves are growing very quickly year on year. Their market cap is approx 2 billion nok. Personally I dont think zenith will have this level of success, but a lot is dependent on 103c and the success of the subsequent 8 wells. We can dream of 8x 2000 b/d from the Djeno formation, but its only a dream at this stage.

Since you have guided both the Tilapia PSA and the sale of the oil inventory in May, I guess we will have great news on Monday! :-)

Jeg er sikker på at vi har noe mer håndfast når vi nærmer oss juli måned! 😄😄😄💰💰💰

galskap å tenke på at fult brukbare og morderne rigger blir skrapet. .når de kunne blitt brukt for en billig penge til å boret utenfor Tunisia, som garantert har mye gass/olje https://finansavisen.no/nyheter/oljeservice/2021/05/28/7680700/seadrill-skraper-fem-rigger

Hej Svartsyn 👍👍😃😃

Ved 2500- 3000 fat burde vi se 1 kr, for da er Tilapia hjemme og i produktion, derfor jeg er blevet i aktien efter fiaskoen i AS 💰💰💰👍👍👍

Men kommer selvfølgelig an på hvad olieprisen er, og hvad forventningerne er til fremtiden 🙏

Tror snart der kommer gode nyheder fra Congo 😃