Sale of Tunisian oil productionđ°đ°đ°
https://newsweb.oslobors.no/message/537717
Sale of Tunisian oil production
July 8, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Sale of Tunisian oil production
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 agreed an international crude oil lifting, scheduled to take place during the month of July 2021, of approximately 68,000 barrels net to Zenith (including 20,000 barrels of domestic market sales) for total receivables of approximately US$4.5 million.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
"We are delighted to have agreed our first sale of Tunisian oil production during a period of high oil prices.
The Company will apply this significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane, as well as within the Ezzaouia concession following agreement with our partners, to achieve a maximisation of oil production in the near-term.â
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
E-mail: info@zenithenergy.ca
Allenby Capital Limited - Financial Adviser & Broker
Nick Harriss
Nick Athanas Tel: + 44 (0) 203 328 5656
The information included in this announcement is defined as inside information
pursuant to MAR article 7 and is publicly disclosed in accordance with MAR
article 17 and section 5 -12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person.
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
Sale of Tunisian oil production
July 8, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Sale of Tunisian oil production
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 agreed an international crude oil lifting, scheduled to take place during the month of July 2021, of approximately 68,000 barrels net to Zenith (including 20,000 barrels of domestic market sales) for total receivables of approximately US$4.5 million.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
"We are delighted to have agreed our first sale of Tunisian oil production during a period of high oil prices.
The Company will apply this significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane, as well as within the Ezzaouia concession following agreement with our partners, to achieve a maximisation of oil production in the near-term.â
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
E-mail: info@zenithenergy.ca
Allenby Capital Limited - Financial Adviser & Broker
Nick Harriss
Nick Athanas Tel: + 44 (0) 203 328 5656
The information included in this announcement is defined as inside information
pursuant to MAR article 7 and is publicly disclosed in accordance with MAR
article 17 and section 5 -12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person.
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
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Gullit
08.07.2021 kl 08:25
4655
Det e sÄ viktig det!! Da kan vi virkelig bli tatt pÄ alvor fremover. Dette gir enorme muligheter videre. Fortsett sÄnn..
Most of the oil sell from Ezzaouia for last 6 month cost 1/3 market value of company. Calculate SLK oil sell value until Dec 2021 from April 2020 and remaining oil sell from Tunisia for second half of 2021 will cross more than $10 million in current oil price.
Redigert 08.07.2021 kl 08:30
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Nice! Jeg tror myndighetene nÄ snart stempler SLK.
Liverbirds
08.07.2021 kl 08:58
4450
Her bygges det en skikkelig grunnmur đ
NÄ mÄ dere se Ä fÄ solgt!!!
NÄ mÄ dere se Ä fÄ solgt!!!
Nano Rekyl
08.07.2021 kl 09:09
4366
NĂ„ er det bare Ă„ ta frem popcornet som har vĂŠrt lagret en liten stund Ă„ kose segđ°đ°đ°
Slapp av karer. Denne ender i minus nÄr bÞrsdagen er over
citius
08.07.2021 kl 09:12
4321
BÞr MINIMUM gÄ 100% pÄ bekreftelser pÄ eierandeler i Tunisien, oljeprodkusjon og salg av oljen
og da prises hele butikke KUN til 260 millioner
Ăretrilling fram til nĂ„, jeg holder pĂ„ mine framover, vi var oppe i ca 0,18. Mye positivt har skjedd etter dette. Gratulerer alle sammen!! Blir nok hett for daytradere noen dager ja.
Herman*
08.07.2021 kl 09:15
4286
Den ender nok ikke i minus, men hadde trodd en slik nyhet ville medfÞrt et volum pÄ 20-30 mill. Ser ikke ut som det skjer, sÄ markedet er fortsatt noe avventende. Med Tilapia og muligens andre lisenser (vÊre seg congo, Tunisia eller Vest Afrika), bÞr vi se en helt annen interesse for selskapet med en kurs pÄ 20-30 Þre avhengig av hva som eventuelt blir meldt.
Redigert 08.07.2021 kl 09:21
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phantom1
08.07.2021 kl 09:21
4233
Stille fĂžr stormenâŠ.oppdatering imorgen - bekreftet salg igang av olje - rakett uten like spĂžr du meg -
Fatter ikke de som velger Ä selge pÄ 11-12 Þre. MÄ mangle noe eller vÊre desperate etter penger til noe..
Tigerberget
08.07.2021 kl 09:23
4205
Slettet brukerskrev Slapp av karer. Denne ender i minus nÄr bÞrsdagen er over
Regner med du shorter denne nÄ da?
citius
08.07.2021 kl 09:25
4192
MÄ vÊre fortvilende Ä vÊre pÄ selgeren nÄr det man venter pÄ endelig skal falle pÄ plass
voldsom inntektsvekst, nye prosjekter, borring og mer olje
med DAGENS oljepriser blir det mye cash fremover
Nano Rekyl
08.07.2021 kl 09:27
4169
Slettet brukerskrev Slapp av karer. Denne ender i minus nÄr bÞrsdagen er over
Du fÄ hive deg pÄ fÞr ekspresstoget tar av fra perrongen :)
Tigerberget skrev Regner med du shorter denne nÄ da?
Niks, ikke mye Ă„ hente der heller.
Redigert 08.07.2021 kl 09:32
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citius
08.07.2021 kl 09:36
4113
Dersom noen har problem med mattematikken, kan jeg lÄne bort en kalkulator
helt gratis!!
helt gratis!!
Hold pÄ aksjene. Noen prÞve Ä lÞse ut SL!!
in London it crossed more than 24% now
X-43 scramjet
08.07.2021 kl 09:59
3957
Har et lite lodd i Zenith, hÄper pÄ en kjempe rekyl opp nÄ.
London knows more than us about tomorrows presentation, now more transaction and crossed kr 0.13 with 125 transaction. I am expecting some info about 2P reserve from Tunisia.
Redigert 08.07.2021 kl 10:48
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citius
08.07.2021 kl 10:53
3957
Blir helt nĂždt til Ă„ legge turen innom polet :-))
2x champis. En for i dag og glede. En for i morgen...enda mer glede
Etter all innsamling av data, Info og tall, blir det positive overraskelser :-))))
Endelig !!!!!!!!!!!
Svartsyn
08.07.2021 kl 11:06
3895
Det har du virkelig grunn til Ă„ gjĂžre citius.
De som skjĂžnner viktigheten av denne meldingen,vi eier oljen og
vi selger den.
Usikkerheten er borte i Tunisia.
NÄ kan vi begynne Ä tenke pÄ kredittvurderingen av selskapet. Og emisjonsspÞkelse pÄ lave kurser er historie.
Den beste meldingen pÄ mnd.svis.
Ha en flott dag alle Zenithere,dette kan vÊre starten pÄ en reise mange ikke trodde pÄ.
Og til slutt, Cattaneo ,du har brukt pandemitiden bedre enn 99% av konkurrentene. All honnĂžr fra min side.
De som skjĂžnner viktigheten av denne meldingen,vi eier oljen og
vi selger den.
Usikkerheten er borte i Tunisia.
NÄ kan vi begynne Ä tenke pÄ kredittvurderingen av selskapet. Og emisjonsspÞkelse pÄ lave kurser er historie.
Den beste meldingen pÄ mnd.svis.
Ha en flott dag alle Zenithere,dette kan vÊre starten pÄ en reise mange ikke trodde pÄ.
Og til slutt, Cattaneo ,du har brukt pandemitiden bedre enn 99% av konkurrentene. All honnĂžr fra min side.
Gullit
08.07.2021 kl 12:15
3772
Ja man glemmer avogtil all jobben AC legger ned i dette. Han kan knapt ha sett familien de siste Ärene.. hÄper folk forstÄr viktigheten av dette og blir med pÄ denne reisen. Oppsiden har vel egentlig ikke begynt enda.
X-43 scramjet
08.07.2021 kl 12:37
3678
Siste mail til Mr. Cattaneo var rundt NyttÄr. Kursen har dundret ned fra 20 Þre til 10 Þre og nÄ 12 Þre. BÞr gÄ opp lett til 25 Þre denne gang. Virker som de endelig har snudd det. MÄ bare bli ferdig med pandemien, sÄ gÄr dette til topps.
citius
08.07.2021 kl 12:44
3653
In the near-term..............
"The Company will apply this significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane, as well as within the Ezzaouia concession following agreement with our partners, to achieve a maximisation of oil production in the near-term.â
Nano Rekyl
08.07.2021 kl 12:56
3616
Kommer nok til Ă„ dundre inn med gode meldinger pĂ„ lĂžpende bĂ„nd! Frigjort kapital til utvikling og tunnelen blir stadig bredere jo nĂŠrmere vi kommer Ă„pningenđđđ snart vil det gi utslag pĂ„ kursen ogsĂ„!
Cat349e
08.07.2021 kl 13:09
3577
Det ligger godt tilrette aktiva messig, til at vi kan fĂ„ noe snadder info i morgenđđ
phantom1
08.07.2021 kl 13:46
3473
Visse skal vel prĂžve kjĂžpe seg inn best mulig uten Ă„ lage ringer i vannet - vanskelig đ
citius
08.07.2021 kl 15:57
3220
Er det noen gang uttrykket "sitte stille i bÄten" gjelder, sÄ mÄ det vÊre Nà :-)))
phantom1
08.07.2021 kl 16:01
3207
blir mange lange i trynet som skal skrive dritt imorra naar den tar av som Pinguin rakett
Nano Rekyl
08.07.2021 kl 16:06
3175
Det er nok mange som snart mÄ knytte lÞpeskoene pÄ seg for Ä komme seg inn :) skal nok bli trangt i dÞra!!!
citius
08.07.2021 kl 16:08
3166
Litt rart at mĂžkkasprederne ble borte
Fremover vil det rulle inn hundrevis av millioner :-)))))))))))))))))
MarketGunsling
08.07.2021 kl 16:27
4044
This is fantastic news today. We only paid $300,000 for Robbana and El Biban and $250,000 for Ezzaouia and we have already sold the 68,000 barrels of oil generated from there for $4.5 million. That is a hell of a deal â giving us revenue of approx. $66 per barrel.
On top of this, when we finally get approval for the Sidi El Kilani purchase which we know from the 17th March RNS had 65,000 barrels of oil in storage on February 28th 2021 and produces approx. 250 bopd net to Zenith which would mean an additional 30,000 barrels produced between then and the end of June then we should have over 100,000 barrels to sell from there which at the figures from todays sale should give us another $6.6 million coming in.
This will mean that in the near future our Tunisian assets which we would have bough for under $1,000,000 combined would have delivered revenues of over $10,000,000. Of course there will be production costs to come off from these numbers but we should still be generating a signifncant net profit from it.
When you think that we will be starting a work program in Tunisia soon and increasing production significantly from this point on then the future looks very exciting.
But hats off to Zenith. Today we have made $4.5 million in sales on an original investment of $550,000. That is incredible business.
On top of this, when we finally get approval for the Sidi El Kilani purchase which we know from the 17th March RNS had 65,000 barrels of oil in storage on February 28th 2021 and produces approx. 250 bopd net to Zenith which would mean an additional 30,000 barrels produced between then and the end of June then we should have over 100,000 barrels to sell from there which at the figures from todays sale should give us another $6.6 million coming in.
This will mean that in the near future our Tunisian assets which we would have bough for under $1,000,000 combined would have delivered revenues of over $10,000,000. Of course there will be production costs to come off from these numbers but we should still be generating a signifncant net profit from it.
When you think that we will be starting a work program in Tunisia soon and increasing production significantly from this point on then the future looks very exciting.
But hats off to Zenith. Today we have made $4.5 million in sales on an original investment of $550,000. That is incredible business.
Aldara
08.07.2021 kl 18:47
3912
Ja, mĂžkkaprederne er borte?
Men hausserne fortsetter Ä pÞse pÄ....
Men hausserne fortsetter Ä pÞse pÄ....
Stockdance
08.07.2021 kl 19:49
3824
Ja, synes du ikke det er fryktelig rart at disse sÄkalte "hausserne fortsetter Ä pÞse pÄ", pÄ en dag hvor en viktig milepel i bedriftens historie ble nÄdd da det gikk fra Ä vÊre et exploration-firma til Ä produsere egen olje? Jeg er egentlig litt overrasket over at det ikke er blitt hausset mer enn det er blitt, og jeg tenker ogsÄ det er viktig Ä lytte til de mer kompetente av oss som faktisk klarer Ä vÊre saklige nÄr de legger frem informasjon og meddeler oss deres tanker. Uten Ä nevne navn er her flere her som klarer dette pÄ en meget balansert og fin mÄte. Jeg takker samtlige av disse for deres konstruktive innlegg.
phantom1
08.07.2021 kl 20:02
3784
NEL med verdi pÄ 30 mrd lÞfter seg 7 pst ved melding om en pumpe med verdi 2 mill i SÞrkedalsveien eller noe - her er 150 mill selskap opp samme nÄr det selger olje for 40 mill
Utrolig -đ€Łđ€Ł
Utrolig -đ€Łđ€Ł
Stockdance
08.07.2021 kl 20:13
3746
De sier at aksjer prises pÄ forventninger. Det blir spennende Ä se hva som skjer nÄr det samme fenomenet inntreffer i denne aksjen.
Nano Rekyl
08.07.2021 kl 21:43
3596
Heisan!
IC i morgen er det klokka 11 norsk tid eller blir det klokka 12?
Fant ut av detđđđ
IC i morgen er det klokka 11 norsk tid eller blir det klokka 12?
Fant ut av detđđđ
Redigert 08.07.2021 kl 21:47
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marked1
08.07.2021 kl 22:23
3491
Er Zena notert i USA? Noen som i sÄ fall har link til denne?
Takk.
Takk.
X-43 scramjet
08.07.2021 kl 22:28
3477
NÄ fortjener Zena en fin stigning fremover, er spent pÄ den avtalen om den signeres midten av august eller fÞr det.
Ikke i USA. I London og Oslo.,
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