Sale of Tunisian oil production💰💰💰
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.”
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.”
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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MarketGunsling
08.07.2021 kl 16:27
3817
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 – 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.
Stockdance
08.07.2021 kl 19:49
3597
Ja, synes du ikke det er fryktelig rart at disse såkalte "hausserne fortsetter å pøse på", på en dag hvor en viktig milepel i bedriftens historie ble nådd da det gikk fra å være et exploration-firma til å produsere egen olje? Jeg er egentlig litt overrasket over at det ikke er blitt hausset mer enn det er blitt, og jeg tenker også det er viktig å lytte til de mer kompetente av oss som faktisk klarer å være saklige når de legger frem informasjon og meddeler oss deres tanker. Uten å nevne navn er her flere her som klarer dette på en meget balansert og fin måte. Jeg takker samtlige av disse for deres konstruktive innlegg.
phantom1
08.07.2021 kl 20:02
3557
NEL med verdi på 30 mrd løfter seg 7 pst ved melding om en pumpe med verdi 2 mill i Sørkedalsveien eller noe - her er 150 mill selskap opp samme når det selger olje for 40 mill
Utrolig -🤣🤣
Utrolig -🤣🤣
Stockdance
08.07.2021 kl 20:13
3519
De sier at aksjer prises på forventninger. Det blir spennende å se hva som skjer når det samme fenomenet inntreffer i denne aksjen.
Nano Rekyl
08.07.2021 kl 21:43
3369
Heisan!
IC i morgen er det klokka 11 norsk tid eller blir det klokka 12?
Fant ut av det😄😄😄
IC i morgen er det klokka 11 norsk tid eller blir det klokka 12?
Fant ut av det😄😄😄
Redigert 08.07.2021 kl 21:47
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X-43 scramjet
08.07.2021 kl 22:28
3250
Nå fortjener Zena en fin stigning fremover, er spent på den avtalen om den signeres midten av august eller før det.
Ikke i USA. I London og Oslo.,
n3wbie
08.07.2021 kl 23:03
3135
marked1
08.07.2021 kl 23:11
3107
Ok takk, men fant Zena nå på London Stock Exchange sine egne sider:
https://www.londonstockexchange.com/stock/ZEN/zenith-energy-ltd/company-page
https://www.londonstockexchange.com/stock/ZEN/zenith-energy-ltd/company-page
citius
09.07.2021 kl 06:30
2910
Aksjen stoppet på 0,125 på Londonbørsen torsdag
godt over OSE
Daglig snitt-volum i London er litt over 1 millioner aksjer
Torsdag:
Volume
46,462,984
godt over OSE
Daglig snitt-volum i London er litt over 1 millioner aksjer
Torsdag:
Volume
46,462,984
marked1
09.07.2021 kl 07:12
2840
Et volum på LSE på 4600% høyere enn normalen! Tydelig at interessen i aksjen er eksplosiv 💥🚀💰
Redigert 09.07.2021 kl 07:13
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Gullit
09.07.2021 kl 07:16
2830
Det er nok mange som no ser att dette er en seriøs aktør med enorme muligheter. Spennende dag med IC snart. Blir det ytterligere News også?
marked1
09.07.2021 kl 07:22
2808
Evt news må stort sett børsmeldes og må i så fall komme forut for IC. Gårsdagens news holder lenge for meg.
Fakevenues
09.07.2021 kl 08:28
2694
Mener det var PEN som betalte $5 pr STBO for felt Offshore ?
Zenith holds a 100% interest in the El Bibane and Robbana
December 31, 2019; contingent reserves (1C) of El Bibane which evaluated remaining oil in place as 25.7 MMSTBO and 6.5 BCF of natural gas.
(El Bibane expires on December 31, 2033.)
December 31, 2019, for the contingent reserves (1C) of Robbana which evaluated remaining oil in place as 10.99 MMSTBO.
(Robbana expires on November 4, 2034.)
From RNS 8th July 2021
“The Company will apply this significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane.......”
Det burde tilsi at bare disse 2 feltene har en verdi over NOK 1,- pr aksje ? Så kan en jo regne Ezzaouia, SLK & Tilapia i tillegg til disse
Zenith holds a 100% interest in the El Bibane and Robbana
December 31, 2019; contingent reserves (1C) of El Bibane which evaluated remaining oil in place as 25.7 MMSTBO and 6.5 BCF of natural gas.
(El Bibane expires on December 31, 2033.)
December 31, 2019, for the contingent reserves (1C) of Robbana which evaluated remaining oil in place as 10.99 MMSTBO.
(Robbana expires on November 4, 2034.)
From RNS 8th July 2021
“The Company will apply this significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane.......”
Det burde tilsi at bare disse 2 feltene har en verdi over NOK 1,- pr aksje ? Så kan en jo regne Ezzaouia, SLK & Tilapia i tillegg til disse
Redigert 09.07.2021 kl 08:30
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phantom1
09.07.2021 kl 09:28
2593
JA da er jo noen posisjonert godt. Fint å slippe være alene hehehe
gravemaskinen
09.07.2021 kl 10:04
2481
Da er i allefall min beholdning full, så nå kan callen bare starte og vi kan se fremover med minst 40 mill på bok i selskapet..Deilig.God helg
citius
09.07.2021 kl 10:24
2413
Etter litt hikke, er oljeprisen nå tett på 75 USD igjen
Lover godt for høstens produksjon og salg
Med dagens aksjekurs er vi flere 100% bak fair value
men det kommer.... :-))
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