Zenith er bare i start fasen med å finne mer olje og lukrative oljefelt, bra for oss som kan kjøpe billige aksjer, det som skulle bli en bra sommer i 2021 blir kanskje heller våren 2022, vi skal være tålmodige selv for å komme opp i 20 øre igjen. Imens vi venter på kursoppgang har vi andre aksjer. Skal gi denne gode 6 måneder til før vi ser gode forbedringer.

Også utrolig hvor hurtig folk glemmer Pandemien, den er slet ikke ovre i Afrika endnu 🤮🤮

Covid-19 kan raskt bli ett problem igjen ....
Etter seks måneder kan ett nytt skudd være lurt.

Noe å tenke på for ledelsen i Zena

We have lots to look forward to and the only way is up from here. I think we will get updates sooner than we think very happy with AC's progress.

@LATO

Hvis denne aftale bliver til noget, kan jeg sagtens se for mig at vores egen rig, kommer til at arbejde der fuld tid, samtidig ser jeg en fordeling på 40/60 eller 50/50 - økonomien skal nok ordne sig, med det potentiale der beskrives.

Og hvad så med Tilapia ll? Jeg er overbevist om at når den aftale bliver lukket, finder man en god samarbejdspartner som kender området, og har udstyret til at få olien op - mange store firmaer har været i landet i mange mange år, så både det rette udstyr og mandskab er til stede allerede.

Jeg er også overbevist om at vores workover rig (375Hp) bliver i Tunesien.

Aqualight 🇩🇰🇳🇴

De skal også Flow teste, så ikke håb på noget, så bliver i bare skuffet 😃😃

I think we will be very pleasantly surprised with the oil flows that yet to come in my humble opinion

Alle oljeselskaper som noen inne har blitt startet opp har brukt utrolig mange år med svinginger både opp og ned, Zenith er ikke noe unntak. Er veldig mange desperate små-investorer som sikkert oppdaterer denne tråden daglig i håp om at de skal 10xe pengene sine. Realistisk sett kan det såklart skje, men det hjelper ikke å oppdatere tråden med den samme infoen om og om igjen.

Sant det. Men ta en titt på oljeprisen!! Tjener penger no!

Selvfølgelig hjelper det.
Man holder motet oppe og tenker at dette er fortsatt Afrika hvor tidsbegrep virker totalt fraværende.

Oppadgående smittetrend i Congo Brazzaville, og nedadgående i Tunisia.

https://coronalevel.com/Congo_Brazzaville/
https://coronalevel.com/Tunisia/

Mon tro hvorfor kursen er mye bedre i London om dagen??

ja over 13 øre der nå..kommer nok her også..Med disse olje og strømprisene som er om dagen tjener faktisk lille zenith greit med peng hver dag..Hvem hadde trodd det for et år siden..

Time to fill and ready for at least triple it before year end.

HalleLujah...
Hele Norge letter....
Nei vent, ser jeg noe fortsatt ligge skadeskutt i grøfta..?
Burde ikke være mulig, men.....vent litt..
Å det er jo Zena.... Ja ja, kommer vel snart... Ventet snart et år men vel vel...Kommer snart...ZZZzzzzz...

Hva mener du er neste trigger da Herbius?

Tilapia next imo.........and when that comes expecting a double in share price.........good luck all investors

?? Skadeskutt? Det er da rimelig mange andre aksjer som er skadeskutt, denne har vert på stedet hvil en stund.. men nå er vi lovet oppdatering innen 6 dager. På med smilet,,

Vi får nok svar næste uge tror jeg..
En uges Flow test burde være nok til at vurdere Flowet, da de kender brønden.

SLK / Tilapia kan komme nu eller om 2 måneder 👍

Sid stille og bliv belønnet 😃

Heisan, Herbius!

Ha vår kjære AC også gått over til Africa Time med sine egne meldinger som skal komme med oppdatering på Rob-1?

Sikker på at han har europeiske tidsestemater jeg da😊!

Ha ellers en fin fin dag videre alle sammen!

Lato

Yes, it would be very interesting to see what it would cost to buy into OML141. ADM Energy’s announcement about what it cost them to buy in is quite confusing in it’s own right but it does give a clue about the scale of the cost. https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=31806576&company=admenergy

ADM spent: $800,000 ($250,000 in cash and $550,000 in equity) in order to acquire a 51% interest in KOHN UK Ltd which apparently held a 70% stake in the OML141 RSA. On top of this they also had an agreement in place to provide technical and financial support in exchange for a 15% net profit interest in the field. As best I can understand it, this means that they could get 50% of the revenue generated from the field (35% plus 15%) for $800,000 plus funding a number of unspecified drilling expenses.

No matter how much the drilling expenses end up mounting up to the idea that ADM were available to get their hands on assets that have recoverable resources of 73 million barrels and that ADM though could produce approximately 4000bopd per well drilled for just $800,000 is pretty impressive.

I have been reading the discussion on the UK boards of ADM energy and there seems to be a very strong sense amongst the majority of the investors there that there is something very suspicious about the way that the company has responded to investors questions about OML141. The general consensus amongst half that board is that the company probably no longer own any of Barracuda and it is clear from reading the AMD annual accounts that they have no money to fund any drilling in Nigerian anyway.

So my thoughts on this are that Zenith are almost certainly purchasing from Noble Hill Network Limited the same assets that ADM owned and appear to have defaulted on. I would therefore assume that these would be available for a similar purchase price (approx. $1 million for 50% of the RSC) plus a commitment to pay for a percentage of the ongoing development of the asset.

If Zenith can get hold of a share 50% share of the asset for $1 million and can fund or farm out the development costs then 4,000 bopd production from a single well is very rich pickings indeed. At today’s oil prices this is worth $332,000 per day or $121 million per annum, Even if we were to say that extraction costs were $33 per barrel (which is very conservative) then this would still deliver a revenue of $73,000,000 net production per annum of which $36.5 million would be net to Zenith. This means that it would be quick and easy to cover even large drilling costs of around $10 million and the revenue from Tunisia could probably cover this being serviced by debt.

Obviously, we could also spend $10 million and not get any oil to flow but that is a different conversation really. The key point is that if we can acquire the rights to OML141 at around the same price as ADM paid for them then we could potentially acquire ourselves the kind of company-making asset that AC has always talked about getting hold of on Nigeria. Also, our Nigerian production means that we would probably be able to cover the drilling costs via debt.

Early days with this of course. All we have at the moment is an exclusivity agreement but I like that AC seems to be thinking big again.

Melding 12 oktober:
« ROB-1 operations are expected to be concluded during the next 10 days.»
Da kan vi forvente en oppdatering de nærmeste dagene.

10 arbejdsdage vel sagtens + african time. Så eo. October ;)

if 2P is 73 million barrels then look like 3 times bigger than Tilapia if both come in production it will cross production up to 10000 bopd in 2023 which is huge currently companies with 3000 to 4000 bopd with equal number of shares but more debt than Zenith in market range from 1 to 1.5. Only missing thing here is institutional investor which owns 30 to 40 % holding in other companies.

What exactly do you base your calculations on when you say 10000 bopd? IF Zenith gets Tilapia with equal conditions as AAOG, and we receive successful drilling results, would that not provide higher expectations than that? Based on the number of expected wells and production rate I find it reasonable to believe in a different production rate than what you estimate. Do not get me wrong, 10000 bopd is also huge!

You should make a better guesstimate from this, with the assumption that ZENA produces over 10K:
"E&Ps Producing 10-20k boepd comp. table. The group is up 71% YTD, trading on $11.4/2P reserve and $33.5k/flowing barrel."

https://twitter.com/OilGasTracker/status/1447931157383991302

Tunisia around 1800 bopd (after all workover and drilling ) + Tilapia 5300 bopd per well from Djeno + Nigeria 4000 bopd per well + Italy is Tilbud. I am calculating for 2023 which is realistic target for Tilapia. I believe there is Zenith is targeting more big field in Tunisia and Congo with other partner but it is not clear when but until 2023 it will surly in production which is not considered.

Men nå må de få lukket noen avtaler. Begynner å blir flaut dette.....

Lurer veldig på hva som er årsaken til at det drar ut såpass i tid!

Lato det som egentlig er flaut, er at ikke folk skjønner hva som er i ferd med å skje for selskapet! AC kan ikke styre folket i Afrika, men må pent vente..... Gleder meg til neste kap. som kommer for selskapet!

Ha ellers en fin, fin dag alle sammen!

I understand how you get 1800 bopd from Tunisia, but with an estimate between 1000-5000 bopd per well at Tilapia, the amount of wells and a 56% share to Zenith I believe in higher production rates than 10000 bopd. Of course everything depends on the long waited signatures and successfull drilling results.

Begynner du å bli utålmodig Lato??
En endring på vei?? Vanligvis kommer det mld hver uke-hver annen uke---mld som ikke rikker kursen en tøddel.
Men nå er det ikke kommet mld på en stund... Mulig neste blir en breaker da...Det er det vi alle venter på..Men da blir det vel massivt salg også regner jeg med..?!

Det virker som tiden i Afrika er sirkulær opphøyd i det uendelige!

Mener du massivt salg rett etter gjennombruddsmelding, eller når Zenith er i ferd med å få ut sitt potensial også rent kursmessig?

we are discussing more than 1 well in Tilapia in 2023 for different formation and Zenith increase its share to 60% from 56% from latest document.

Skal vi nu ikke lige nå de 2000 fat først og en prisning på 1 kr 😃😃💰💰

Yes, I know. Is the correct number of wells 8? I am also aware of 60%, but I just tried to give a picture of the expected production with AAOG terms. No matter how crazy it looks now I believe AC is closer to his estimate than you are with 10000 bopd. But! Without the signatures in place everything seems like a distant dream. However, history tells us that we should not underestimate dreams becoming true. Even though things take enormously long time I would also like to ask you why you say 2023.

9 wells and it is possible drilling 2 wells in 2023 because lack of storage facility currently for more oil. One more thing there is no company name surface for Tilapia other than AI reported last year also Congo team already visited Italy start of Jan.

Aldri forstått meg på deg, men nå må det da snart løsne her Aldara!!! Vi trenger fremdrift…..