Rob-1 workover value to zenith exciting times

TheLondonOiler
ZENA 21.10.2021 kl 11:49 13888

I personally see the value bigger than we think. With a ramp in production in Tunisia alone we should be sitting at double where we are now, with a Tilapia sealed and delivered update multiples, very excited to be a Zenith investor
Slettet bruker
25.10.2021 kl 11:20 5670

Hold på aksjene! Bjellesauer og proffer laster nok snart ZENA!

https://finansavisen.no/nyheter/finans/2021/10/25/7759290/kjop-i-olje-selg-i-vekst
gravemaskinen
25.10.2021 kl 11:22 5666

Viss pumpen som stod der før hadde 20% kapasitet...ja hva blir produksjonen viss de nå får en pumpe som gir 80-100% kapasitet..her kan vi fort få 150 + pr dag i produksjon....begynner å se meget pent ut
Slettet bruker
25.10.2021 kl 13:55 5458

Do not forgot well intervention for EL Bibane combine with Robbana ROB-3 drilling (planned drilling in next 60 to 90 days completion and EBB-3 well intervention first Q of 2022) Zenith can achieve 1000bopd in Tunisia in these two field in next 4 - 5 month. Before Q2 2022 Zenith will produce 1800 bopd in Tunisia.
• Zenith has acquired a 100% working interest in El Bibane.
• A total of three wells remain active within El Bibane: EBB-5, EBB-4 and EBB-3RE2. A total of 6 wells plus 4 sidetracks have been drilled.
• EBB-5 currently produces approximately 80-100 barrels of condensate per day (API 49/50) with 5.5-6 MMSCF of natural gas from well EBB-5, which is re-injected into the formation via well EBB-4.
• It is expected that, by utilising new technologies, well EBB-4 may achieve commercial production of natural gas in addition to its current use as an injector well.
• EBB-3 suffered string damage and has been temporarily shut-in, having previously produced at a rate of between approximately 500-600 barrels of oil per day (35 API) prior to production being suspended. The low oil price environment during 2020 and the material investment required to restore production from this well have prevented the necessary repair work from being implemented.
• Zenith has already obtained market quotations for the well intervention required to restore production from well EBB-3 for an amount of approximately US$3.5 million.
Redigert 25.10.2021 kl 13:56 Du må logge inn for å svare
Slettet bruker
25.10.2021 kl 14:41 5349

Noen som har topp 20 / topp 50-100 aksjonærliste i ZENA?
Slettet bruker
25.10.2021 kl 14:53 5313

Kursen den sank den gitt.

Zenith style
jantt
25.10.2021 kl 16:04 5311

Håber da ikke at det var en af de "store" nyheder vi ventede på for det hjalp da ikke meget på kursen
Barneskirenn
25.10.2021 kl 16:08 5287

Det var det ikke. Dette var en god nyhet, men fortsatt en "teaser". Blir nok bedre utslag da tall på flow kommer senere.
Veeeeeeeeeenter fortsatt på de store mega-triggerne; Congo, Nigeria og SLK.
Slettet bruker
25.10.2021 kl 16:15 5262

Jeg har bedt om å få en kopi av aksjeeierboken ...

kaunis
25.10.2021 kl 16:16 5257

Det glade vanvittet har sine glade dager, og i dag var fjottene i storslag, det faglige og fornuftige er ikke i nærheten av denne aksjen. Her kan halleluja-gjengen utfolde seg og ha en evig feste på ren galskap. Det er virkelig mye tullball på denne børsen, her er det de uten mål og menig som får utfolde seg fritt. Det eneste håpet fornuften har, er å tro på fremtiden, for her er den ikke.
Slettet bruker
25.10.2021 kl 16:27 5205

Kurse er riktig
Børsen er en auksjon ingenting er mere verdt enn det en kjøper vil gi.
At jeg og andre tror på Zena spiller mindre rolle når resten av menigheten er vantro .

I fjor kjøpte jeg til kurs helt nede på 3,7 øre .. dagen kurs gir meg saftig profit.
Muligheten for en skikkelig jackpot er tilstede. M.o jeg selger ikke noe nå.

Jeg håper myndighetene i Tunisia ser hva Zena får til ... er vi heldig så kan
dette også få fort gang på ting i Kongo ..

Er det noen som har litt færsk sladder fra Kongo ?
Redigert 25.10.2021 kl 16:27 Du må logge inn for å svare
Slettet bruker
25.10.2021 kl 17:08 5097

Enig i det. Får se om vi får en ny positiv melding, kanskje enda en mulighet for sell on news.
Slettet bruker
25.10.2021 kl 17:28 5029

Hvor kan man be om det?
castro1
25.10.2021 kl 20:30 4745

14,26 ble sluttkurs i London….
Redigert 25.10.2021 kl 20:30 Du må logge inn for å svare
TheLondonOiler
27.10.2021 kl 13:32 4392

I am very excited for the results on Rob-1 anything above 100bopd will be a great result.
Herbius
27.10.2021 kl 13:48 4344

Alt over 60-80 er super godt 👍
Mdg1
27.10.2021 kl 14:06 4278

70 altså en økning på 50 gir 40000kr ekstra om dagen, 1,2 mill pr mnd og 14,4 mill i året med oljepris på 80. For et lite selskap som Zenith er dette viktige små løft for økonomien til selskapet.
Cat349e
27.10.2021 kl 14:14 4239

Og ikke minst har det nå kommet ut video der brønnen er satt i produksjon nå🤩🤩
Bullshark
29.10.2021 kl 12:55 3663

Jeg tror også at markedet er fastlåst på SLK og Tilapia II. Som folk skriver er ikke dette kun gevinst i produksjon men troverdighet også. Nå må SLK og Tilapia II signeres.
Slettet bruker
29.10.2021 kl 13:08 3623

will receive update on SLK during weekend or on Monday,
Fakevenues
29.10.2021 kl 13:14 3591

Previous longstop date were extended 5 days before expiration
Slettet bruker
29.10.2021 kl 13:26 3546

In today's announcement AC already included SLK production in Zeniths total production of 650 boe/day. There will be confirmation within week or extension 100%. Look like it is official with today's announcement SLK with Zenith.
Redigert 29.10.2021 kl 13:29 Du må logge inn for å svare
Fakevenues
29.10.2021 kl 13:29 3539

I hope so, and that the confirmation of success on Rob-1 will contribute to a quick approval
Slettet bruker
29.10.2021 kl 13:30 3534

without concrete approval he cant announce to market
TheLondonOiler
29.10.2021 kl 13:53 3471

This is only the start of Tunisia, in the long run the production will increase significantly with nearby areas being further explored. AC has already sold oil for cash which many other oilers haven't managed especially at currently high prices. I added significantly to my holding today on both the UK and Norwegian market as we are way undervalued, long term outlook looks better than ever. With a Tilapia announcement we should hit 2 year high almost immediately I expected a big rise today and never thought I would be able to buy at these prices again. Great work by the Zenith team I am a very happy investor for the forseeable future.
Slettet bruker
29.10.2021 kl 14:42 3371

Råtne aksjonærer eller aksje.
Denne er ikke god og anbefaling er og holde unna for de som ikke kjenner handlemønster her.
Dette var råtne greier,lykke til.
Tigerberget
29.10.2021 kl 14:46 3348

RT 0,1298

Trodde ikke jeg skulle få kjøpe på 12 tallet
gravemaskinen
29.10.2021 kl 14:54 3305

Helt latterlig reaksjon... Men bare å sitte stille i båten... For et år siden var selskapet konkurs priset.. Idag produserer de olje og strøm i lange baner, har peng på konto til utvikling og det må sies at fundament har sjelden hvert bedre.. Lgg av og ta helg.. Dette blir bedre og bedre
gravemaskinen
29.10.2021 kl 15:09 3244

Tydeligvis en annen tro på dette i UK.. Nesten 14 øre der..
jantt
29.10.2021 kl 15:10 3060

Hvordan fanden kan kursen gå i minus på denne melding ?
Hektor
29.10.2021 kl 15:16 3035

Ja, her er det bare å laste opp. Tydeligvis en som selger mye på 0,1300. Jeg er nå godt innenfor topp50 👍
MarketGunsling
29.10.2021 kl 15:42 2965

Acquisition dates of Tunisian Assets

20th April 2020 – Sidi El Kilani – 22.5% bought from KUFPEC for US$500,000
8th September 2020 – Sidi El Kilani – 22.5% bought from KUFPEC for US$300,000
24th March 2021 - Ezzaouia – purchased for $250,000 (plus a royalty of $50,000 per annum for 10 years). First announced on March 15th 2021 and completed on March 24th.
30th April 2021 – El Bibane and Robbanna - $100 plus assumption of $200,000 debt


Production from Tunisian assets

Sidi El Kilani – according to the Etap figures Sidi ElKilani produced an average of 502 barrels per day between January and September 2021 meaning that Zenith’s 45% share was worth 225bopd.
Ezzaouia – produced an average of 465 barrels per day between January and September 2021 meaning that Zenith’s 45% share was worth 209bopd.
El Bibane – is (according to the company RNS of 30th April 2021) producing 100bopd from EBB-5.
Robbanna – is according to today’s RNS producing 124bopd from the newly worked-over ROB-1.
This gives us production figures of 658bopd which matches the 650bopd (approx.) that was announced in today’s RNS.

Value of current production

With the oil price today at $84/b then assuming that with the assumed opex cost of $23 per barrel then we are making $61 per barrel which at the current production levels of 658bopd gives a net revenue of $40,000 per day or $14.5 million per annum. This is a very significant income that allows the company to show a substantial profit and, more importantly, to service significant debt which can be used alongside or (hopefully) instead of any equity raisings to allow the company to drill additional wells in Tunisa.


Future potential production

There Is obviously substantial future production that can be pulled out of our Tunisian assets.
1) We have additional workovers and wells that can be drilled at Ezzaouia
2) We know that only 5-10% of the oil at Robbanna has been recovered so there is definitely a multi-well drilling campaign that can be carried out there.
3) We know that El-Bibane was once producing at 4,500bopd and that EBB-3 was still producing at 600bopd when it was shut in so there appears to be a lot that can be done here also.
However, aside from the fact that we know that something can be done with each of our Tunisian assets in general, we do also have information on the specific plans that the company have for Robanna and El Bibane (which it is important to note are the ones that we wholly own).

The company intends to drill ROB-3 (an infill vertical well) next as per the RNS today. This is budgeted to cost $1,500,000 and to be targeting production of between 150-200 bopd. Hopefully, with the lessons learned from the successful workover of ROB-1 this will be more like the 200bopd or even more.

After ROB-3 is done then we also have details on the well intervention on the shut-in well at El Bibane EBB-3. This company have announced that they have been given a price for this intervention of $3.5 million and, if it is successful, then they would expect it to produce an additional 500bopd.


Budgeting

So, so far the company have spent $1.3 million on the acquisition of our Tunisian assets and we have spent $350,000 on the ROB-1 workover. In total this means that we have spent $1,650,000 to acquire production of 658bopd which will deliver a net revenue of $14.5 million per annum.

We are also looking at spending a further $5,000,000 to target additional production of 700bopd which at the same oil price and opex costs would deliver another $15.5 million net revenue per annum.

In total this would then give us $30 million net revenue per annum from Tunisia alone, which is about £22 million sterling. Considering that the company market cap is currently only £17 million then this would make Zenith both very cash rich and incredibly undervalued. It would also give the company all of the funds that it needs to carry out the exploration and development work in the Congo and in Nigeria assuming that we exercise our option to acquire OML141. And we will have done all of this and generated all of this income If this is successful then it would mean that we had spent $6,650,000 for 1,358bopd production and an ongoing revenue or $30 million per annum.


What the company has done in Tunisia already (and plans to do in the forthcoming 6 moths) is incredible and it is hugely infuriating that the market has not caught up with this yet. However, we all know that the re-rate is coming and when it does arrive it is going to be huge. After all, the company is today generating £11 million sterling in income (assuming that the SLK deals do ultimately get approved) and how many other small cap oilers are doing this? Very very few.


Obviously, the share price reaction to today’s news has been a little disappointing but this is just a temporary. By the end of the year this share is only going one way.


GLALTH

TheLondonOiler
29.10.2021 kl 15:48 2944

Great summary this is a buying opportunity market will react accordingly. Figures look very healthy for the future.
jantt
29.10.2021 kl 16:06 2887

Nu håber jeg at det ikke går helt galt med kursen.
Aldrig har jeg sat så mange penge på en aktie.
Herbius
29.10.2021 kl 19:13 2713

Nice Work MG 👍👍

Do not forget The 6 mio $ in Congo, and 3,2 mio $ in Court 👍😃


SNPC owes AAOG Congo approximately US$5.3 million. Zenith has met with SNPC and expects to obtain the full repayment of the aforementioned amount.
The seller of AAOG Congo has also novated 100% of the intercompany loans with AAOG Congo to Zenith as of the date of Completion, equivalent to approximately £12.5 million.
Redigert 29.10.2021 kl 19:17 Du må logge inn for å svare
TheLondonOiler
01.11.2021 kl 11:39 2196

Congo will be the multi-bagger when that comes in should be the rocket.
C-Eiken
31.05.2022 kl 12:07 1617

Update on workover of ROB-1

May 31, 2022

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Update on workover of ROB-1

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to provide an update on operations in well ROB-1 (“ROB-1”) of the Robbana concession (onshore Tunisia).

Zenith can confirm that Schlumberger logging operations performed in ROB-1 have evidenced major corrosion in the casing and a lack of cementing in the location of previous perforations performed in 1988 being the cause of water ingress in the wellbore.

To remedy the above, the Company has retrieved the old packer installed in ROB-1, and now successfully set a new packer supplied by Weatherford in ROB-1 at a higher depth.

The Company plans to start rigging down the workover unit today, with a view to running the recently acquired Weatherford sucker pump back into ROB-1 during the next 48-72 hours. Production from ROB-1 is planned to recommence on June 8, 2022, with stablished production expected to be achieved on or before June 18, 2022.
https://newsweb.oslobors.no/message/563748
Cat349e
31.05.2022 kl 12:14 1592

Da blir den hvertfall ikke plugget og forlatt. Bare få dager til vi har produksjon🤩🤩🤩
happi67
10.06.2022 kl 12:06 1330

Får vi produksjon tall på mandag?
Cat349e
10.06.2022 kl 12:35 1286

Les siste børsmeld
Mdg1
10.06.2022 kl 12:36 1279

Før eller innen 18.juni
happi67
10.06.2022 kl 12:46 1257

Takk for info 😃
Mdg1
10.06.2022 kl 13:01 1231

At det skulle være veldig forskjellig fra 100 boed som det var sist er lite sannsynlig