Zenith soon to own big Barracuda asset
ADM Energy have now admitted they have lost ONL14, this is great news for Zenith as it removes any confusion about how the acquisition would play out. There had been lots of suggestions that we would be sharing the license with them, and although these were dismissed by AC in the recent conference call when he stated that the Zenith agreement was exclusive and so there was nobody else involved, it is great to see that it is clear that these would be exclusively ours once we get a deal done. From memory I think ADM suggested that every well drilled here could produce 4000 to 5000 bopd, and they were planning to run a 4 well program so this could be very big. Once we sign Tilapia, and produce from Tunisia and Tilapia, another huge asset such as Barracuda will transform this company to one of the biggest oil plays on the market we have very exciting times ahead.
Redigert 16.11.2021 kl 11:42
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TheLondonOiler
16.11.2021 kl 12:00
5979
"The company believes initial production of 4,000 b/d could be achieved in 2H 2021, with potential to increase productivity via drilling of six wells by 2026 to around 23,000 b/d"
"ADM estimates recoverable resources of 73 MMbbl from the D-1B reservoir with other potential leads to be further appraised following initial production."
We are discussing Tilapia II -10MMbbl so at least 4 times more than Tilapia II if enters into 50% partnership.
As per announcement from RNS 31 - August 2021
"NW OML 141 covers an area of approximately 105 square kilometres in the swamp area of the Niger Delta region. The NW OML 141 RSC contains two discovered fields and one prospective field with an estimated 232.7 million barrels of discovered oil (Degeconek 2019 CPR) with the potential to grow to more than 500 million barrels of Contingent and Prospective Resources with several TCF of prospective natural gas and condensate. "
"ADM estimates recoverable resources of 73 MMbbl from the D-1B reservoir with other potential leads to be further appraised following initial production."
We are discussing Tilapia II -10MMbbl so at least 4 times more than Tilapia II if enters into 50% partnership.
As per announcement from RNS 31 - August 2021
"NW OML 141 covers an area of approximately 105 square kilometres in the swamp area of the Niger Delta region. The NW OML 141 RSC contains two discovered fields and one prospective field with an estimated 232.7 million barrels of discovered oil (Degeconek 2019 CPR) with the potential to grow to more than 500 million barrels of Contingent and Prospective Resources with several TCF of prospective natural gas and condensate. "
Redigert 16.11.2021 kl 12:33
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Mdg1
16.11.2021 kl 12:36
5847
Skal de klare å utvikle alt dette må de klare å få en solid avtale med en eller flere finansiellle institusjoner. Kan ikke finansiere så mange felter gjennom emisjoner
initial finance less than $5 million so it is well under control of zenith, Oil sell will give $6million in Jan 2022. Aslo SLK $10million the reason behind to postponed EBB-3 (workover cost - $3.5 million) is Nigeria.
Redigert 16.11.2021 kl 12:42
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Penger er ikke noe problem når vi får kloa i dette feltet!
Nå fyrer jeg opp denne på anlegget!
https://youtu.be/iaHrtJCanfY
Nå fyrer jeg opp denne på anlegget!
https://youtu.be/iaHrtJCanfY
Redigert 16.11.2021 kl 12:49
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Hvem tar ut 13,5 øre??? La oss tømme klovnen
Without SLK, $5.6 million and with 1.8 billion shares, OML141 gives following value.
Debt - $7 Million
OML-141 - 50% to Zenith 36.5MMBL
Tunisia + Tilapia - 19.5 MMBL
Metric EV/2P US$/boe - 3 - øre - 89.44
Metric EV/2P US$/boe - 6 - Kr 1.78
Metric EV/2P US$/boe - 9 - Kr 2.68
(EV/2P US$/boe range is 2.5 to 18) as Zenith is small company I will go upto 9 with current oil price and with their own rig.
Debt - $7 Million
OML-141 - 50% to Zenith 36.5MMBL
Tunisia + Tilapia - 19.5 MMBL
Metric EV/2P US$/boe - 3 - øre - 89.44
Metric EV/2P US$/boe - 6 - Kr 1.78
Metric EV/2P US$/boe - 9 - Kr 2.68
(EV/2P US$/boe range is 2.5 to 18) as Zenith is small company I will go upto 9 with current oil price and with their own rig.
Redigert 16.11.2021 kl 12:58
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For above calculations please refer page 57 from August 21 report by Allenby change is number of shares increase from 1.4 to 1.8 billion 2P reserve added from Nigeria.
"The initial test will be the success or otherwise of the planned development programme in Tunisia. Assuming signs of success from infill drilling and workovers, we believe the Zenith valuation basis is likely to trend higher. We believe a valuation of US$3/boe might be plausible. This would reflect a discount of approaching 60% to our Africa Oil and Panoro benchmarks."
"The initial test will be the success or otherwise of the planned development programme in Tunisia. Assuming signs of success from infill drilling and workovers, we believe the Zenith valuation basis is likely to trend higher. We believe a valuation of US$3/boe might be plausible. This would reflect a discount of approaching 60% to our Africa Oil and Panoro benchmarks."
Redigert 16.11.2021 kl 13:07
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Valuation report is very conservative and share price is more than what it suggest only problem with zenith is time schedule and finance in hand but after Tunisian production started there is 0 chance of company bankruptcy and chances of price increase more than 10 times. One good news and price will be 5 times in 2 days, happened in Dec 2020.
Redigert 16.11.2021 kl 13:23
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Should concern more after Nigeria news share will cross kr0.5 with less than 10 million shares. Investor must be knowing Nigeria news that's why they invested £3.4million knowing dilution of shares.
Redigert 16.11.2021 kl 14:29
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Konjagi
16.11.2021 kl 14:51
5480
Det er vel heller betenkelig dine kunnskaper innen %-regning. Hvor mange prosent er en stigning fra 0,1122 til 0,1186?
Herbius
16.11.2021 kl 14:52
5479
Nano Rekyl skrev Det er bare lækkert! Ikke sant mulla3💰💰💰
Uha hvor vi stiger, skulle vi ikke under 10 øre 😃😃🙈🙈
Nok nogen der har dummet sig Alla Guldi 😂😂
Nok nogen der har dummet sig Alla Guldi 😂😂
Nano Rekyl
16.11.2021 kl 15:05
5686
Var det så optimistisk at vi skulle duppe ned under 10 øre??? Trodde de spådde 3 og 4 øre samt konkurs! Er ikke til å bli kloke på disse skriveriene til diverse skribenter🤣🤣🤣
Ha ellers en fortreffelig dag videre alle sammen!
Ha ellers en fortreffelig dag videre alle sammen!
Pessimist1
16.11.2021 kl 15:23
5609
Fantastiske nyheter at ting går fremover i Nigeria. At ADM innrømmer nederlag er vel en ganske klar indikasjon på at Zenith skal inn å ta over plassen. En god boost, vet ikke om Herbius siktet til meg her i stad, jeg har forøvrig sagt at uten nyheter ( dette er nyheter) så lå det ann til at aksjekursen kom til å trende nedover mot 10 øre, ikke under det har jeg aldri sagt.
Mye positivt som skjer her nå, så får vi se hvor fort Winance ønsker å kvitte seg med sine aksjer.
Mye positivt som skjer her nå, så får vi se hvor fort Winance ønsker å kvitte seg med sine aksjer.
Herbius
16.11.2021 kl 15:25
5594
Haha korrekt 😂😂
Amøberne er ihvertfald hurtig væk når vi stiger lidt 🙈🙈😂😂🛢🛢💰💰🛢
Ihvertfald spændende at de er ude nu, så er vejen banet for os 💰🛢
Amøberne er ihvertfald hurtig væk når vi stiger lidt 🙈🙈😂😂🛢🛢💰💰🛢
Ihvertfald spændende at de er ude nu, så er vejen banet for os 💰🛢
He will not leave before he 10 folds his money. Company not having much debt and many things are in line now. Main thing is cash is coming from oil selling so he will wait until right time and zenith will buyback share from him in block.
Something is brewing very fast in Nigeria will cross 0.15 soon. No one will wait until 2nd Dec.
Pessimist1
16.11.2021 kl 15:45
5488
Zenith will never buyback shares in the market, several years before that happens. To much investment in the near term future to justify spending money like that.
"On August 17, 2021 Noble Hill-Network Limited (NHNL) through their outside Legal Counsel notified K.O.N.H. U.K. Limited, its affiliates and owners that the NHNL Board of Directors declined their proposed Agreement dated April 28, 2021 due to lack of funding and misrepresentations. Further to this the legal Counsel
notified K.O.N.H. to Cease and Desist all statements of Ownership in NHNL or participation in the NW OML 141 RSC.
With no acknowledgment from K.O.N.H., affiliates and or owners, on August 27, 2021 NHNL Outside Legal Counsel notified K.O.N.H. to once again Cease and Desist demanding K.O.N.H. and its Shareholders remove all statements that K.O.N.H. and indirectly the Shareholders of K.O.N.H. have any interest and or participation in the Barracuda Field Development and or the NW OML 141 RSC."
All happened before 31st August and this came in public now with some purpose. This is huge and look like they will conclude soon.
notified K.O.N.H. to Cease and Desist all statements of Ownership in NHNL or participation in the NW OML 141 RSC.
With no acknowledgment from K.O.N.H., affiliates and or owners, on August 27, 2021 NHNL Outside Legal Counsel notified K.O.N.H. to once again Cease and Desist demanding K.O.N.H. and its Shareholders remove all statements that K.O.N.H. and indirectly the Shareholders of K.O.N.H. have any interest and or participation in the Barracuda Field Development and or the NW OML 141 RSC."
All happened before 31st August and this came in public now with some purpose. This is huge and look like they will conclude soon.
They will buyback or invest in other field is same but as I can see after tilapia started they will have surplus money. Tunisia will give then more $60 million per year from next year. SLK will give $10million this year + $6 million from other field. AC will take care of his share after sometime.
Pessimist1
16.11.2021 kl 15:59
5406
A buyback or investing in more fields/production is not the same. A buyback/dividend is something you do when you have a surplus of capital and no place to put the capital, the reason for doing this is that you have limited growth opportunities and want to give the surplus capital back to the shareholders. If you have been following anything Andrea has said since the African campaign started, its the simple fact that the majors are in a large extent leaving the continent. This will happen more and more in the years to come, I don't for a second believe that there is any immediate threat that growth opportunities will be disappearing anytime soon.
Herbius
16.11.2021 kl 16:11
5355
Pessimist .
Var til Guld 👍😃
Utroligt at Aldara altid er væk når vi stiger 😂😂
Men ja, Nigeria kan blive vildt 🛢🛢
Var til Guld 👍😃
Utroligt at Aldara altid er væk når vi stiger 😂😂
Men ja, Nigeria kan blive vildt 🛢🛢
Herbius
16.11.2021 kl 16:46
5241
Kan godt være at Tilapia er vigtigt/ Company maker 👍
Men OML 141 er altså et større monster ind folk lige tror 🛢🛢💰💰
Bliver dælme spændende med dagens nyheder.
The company believes initial production of 4,000 b/d could be achieved in 2H 2021, with potential to increase productivity via drilling of six wells by 2026 to around 23,000 b/d"
"ADM estimates recoverable resources of 73 MMbbl from the D-1B reservoir with other potential leads to be further appraised following initial production."
As per announcement from RNS 31 - August 2021
"NW OML 141 covers an area of approximately 105 square kilometres in the swamp area of the Niger Delta region. The NW OML 141 RSC contains two discovered fields and one prospective field with an estimated 232.7 million barrels of discovered oil (Degeconek 2019 CPR) with the potential to grow to more than 500 million barrels of Contingent and Prospective Resources with several TCF of prospective natural gas and condensate.
Men OML 141 er altså et større monster ind folk lige tror 🛢🛢💰💰
Bliver dælme spændende med dagens nyheder.
The company believes initial production of 4,000 b/d could be achieved in 2H 2021, with potential to increase productivity via drilling of six wells by 2026 to around 23,000 b/d"
"ADM estimates recoverable resources of 73 MMbbl from the D-1B reservoir with other potential leads to be further appraised following initial production."
As per announcement from RNS 31 - August 2021
"NW OML 141 covers an area of approximately 105 square kilometres in the swamp area of the Niger Delta region. The NW OML 141 RSC contains two discovered fields and one prospective field with an estimated 232.7 million barrels of discovered oil (Degeconek 2019 CPR) with the potential to grow to more than 500 million barrels of Contingent and Prospective Resources with several TCF of prospective natural gas and condensate.
Pessimist1
16.11.2021 kl 17:18
5135
Ja, har tidligere sagt jeg håper på avklaring på 1/3 før jul. Det står jeg for, alt annet er bonus. Det kan faktisk se ut som Andrea klarer både Nigeria og Tilapia før jul, det er svært positivt.
Herbius
16.11.2021 kl 17:28
5092
Pessimist, skal vi ikke lave en aftale ???
Hvis en af dem kommer inden nytår skal du ændre dit navn til optimist 😂😂👍👍🛢🛢💰💰
Kan blive et meget spændende 2022, hvor boret går igang i 3 lande, hvilken Myg kan prale med det 🙈
Hvis en af dem kommer inden nytår skal du ændre dit navn til optimist 😂😂👍👍🛢🛢💰💰
Kan blive et meget spændende 2022, hvor boret går igang i 3 lande, hvilken Myg kan prale med det 🙈
Herbius
16.11.2021 kl 19:51
4836
In view of these developments relating to Noble-Hill, some of the comments made by AC in the Nov 10th Investor Call assume an added significance. Thanks to MG's splendid effort in documenting the 'call' the following is of special note:
AC is reassured of the competence of Noble-Hill as RSC operator [I posted that the MD, Tom Cavanagh, is a former Exxon geologist] and appears confident of being able to raise the funds necessary for initial field development. Local banking is mentioned as a possible source for loan finance of c$5m. He states “OML-141 is an incredibly attractive field [certainly appears so from geo-tech data I've seen] and we believe that if we sign it we will be able to develop it soon after.” so appears to be on a potential fast-track. We can expect an RNS in December.
So, appears we may have another contender for the “company maker” some were debating a short time ago.
AGEOS
AC is reassured of the competence of Noble-Hill as RSC operator [I posted that the MD, Tom Cavanagh, is a former Exxon geologist] and appears confident of being able to raise the funds necessary for initial field development. Local banking is mentioned as a possible source for loan finance of c$5m. He states “OML-141 is an incredibly attractive field [certainly appears so from geo-tech data I've seen] and we believe that if we sign it we will be able to develop it soon after.” so appears to be on a potential fast-track. We can expect an RNS in December.
So, appears we may have another contender for the “company maker” some were debating a short time ago.
AGEOS
Aldara
16.11.2021 kl 20:00
4809
Jeg er alltid med i bakgrunnen:-D
Sitter stadig vekk med 3,3 mill.
Sitter stadig vekk med 3,3 mill.
Redigert 16.11.2021 kl 20:01
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Herbius
16.11.2021 kl 20:07
4769
Ok bare utrolig hvor aktiv du er når den falder, og det modsatte når den stiger 😃😃
Det må være fantasi aktier du ejer 😂
Det må være fantasi aktier du ejer 😂
BlackPearl
16.11.2021 kl 21:09
4550
Denne også reagerte litt positivt idag😀
Middels lang sikt
Zenith Energy viser en sterk utvikling innenfor en stigende trendkanal på mellomlang sikt. Stigende trender indikerer at bedriften er inne i en positiv utvikling og at kjøpsinteressen blant investorene er økende. Aksjen tester motstanden ved cirka 0.12 kroner. Dette kan gi en reaksjon ned, mens et brudd opp gjennom 0.12 kroner vil utløse et kjøpssignal. RSI-kurven viser en fallende trend, noe som er et tidlig signal om mulig vending ned også i kursen. Aksjen anses samlet sett teknisk nøytral på mellomlang sikt.
Anbefaling en til seks måneders sikt: Hold (Score: 18)
Aldara
16.11.2021 kl 21:43
4438
Herbius skrev Tror Aldara er Wembley ( Vembi ) 😂😂😂
Hvem er Wembley? Jeg er mer aktiv når jeg er irritert. Egentlig ikke verre enn det! Dessuten er det så mange løse fugler på taket og i haven og .....overalt...
Noe må landes, ikke dagdrømme hele tiden slik som veldig mange faste skribenter gjør her inne hele tiden! Få noe ned på papiret for f!!!!!
Noe må landes, ikke dagdrømme hele tiden slik som veldig mange faste skribenter gjør her inne hele tiden! Få noe ned på papiret for f!!!!!
Redigert 16.11.2021 kl 21:45
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Mulla3
16.11.2021 kl 21:44
4429
BP går du på dop...Denne aksjen er paddeflat, med noen små krusninger av og til. Men en trenger å røyke en pipe av og til når en sitter i slike aksjer.
Redigert 16.11.2021 kl 21:45
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