Zenith Energy * 4,000 barrels of oil per day* Q1 2022
Nå må folk kjøpe det de klarer!!!
https://newsweb.oslobors.no/message/548053
November 29, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Option Agreement for OML 141 RSC in Nigeria
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the Africa
focused production and development energy company, is pleased to announce that
it has entered into an Option Agreement (the “Option”) with Noble Hill-Network
Limited ("NHNL"), a private Nigerian oil and gas company.
NHNL is the sole, 100% holder of a Risk Service Contract (“RSC”) for the
development of the North-West Corner of OML 141 in Nigeria, defined as the Risk
Service Contract Area (“RSCA”), which covers 105 square kilometres of the Niger
Delta region and contains the potentially highly productive Barracuda and Elepa
South oilfields, as well one prospective field with an estimated 232.7 million
barrels of discovered oil (Degeconek 2019 CPR).
Terms of the Option
The object of the Option is to provide Zenith with the opportunity to jointly
develop the RSCA of OML 141 with NHNL.
Plans have already been finalised to drill, test, and complete the Barracuda 5
well (“B-5”), which is situated between two previously drilled wells that have
both encountered significant hydrocarbons. In the event of a successful outcome,
production will commence immediately using a barge-mounted Early Production
Facility to initially transport the produced oil to a nearby floating storage
and offloading vessel for subsequent monetisation.
The Option gives Zenith the ability to purchase 42,000,000 (forty-two million)
ordinary shares of Naira 1.00 in NHNL that are available and unincumbered for
issue to Zenith, representing an interest of 42% (forty-two percent) in the
outstanding share capital of NHNL.
The consideration to exercise the Option and thereby acquire a 42% interest in
NHNL has been agreed as US$20,000,000 (twenty million United States Dollars)
(the “Consideration”), payable in 7 instalments over 270 days each of
US$3,000,000, except for the first and the last which will satisfy the remaining
Consideration payable.
NHNL will use the Consideration to fund the drilling of B-5. The Company has
been informed that the drilling location for B-5 has already been acquired by
NHNL and all necessary civil works (including dredging and clearing of the
designated well location) have been performed in preparation for the
mobilisation of a barge-mounted drilling rig.
A suitable and fully inspected drilling rig has been identified and a site visit
is planned in mid-December 2021, with the expectation of signing a drilling
contract in January 2022 to begin operations during the first quarter of 2022.
Production from the Barracuda oilfield is expected to begin during the second
quarter of 2022 at a rate of approximately 4,000 barrels of oil per day.
Further development and drilling activities are planned to follow the drilling
of B-5, with the locations for Barracuda wells 6,7 and 8 having already been
identified. In the event the Option was exercised, and Zenith thereby held 42%
of NHNL, it would only be required to fund its share of future development work.
The Option will expire on January 15, 2022.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
“We are delighted to have signed an Option to acquire an exclusive material
interest in NHNL, the sole holder of the RSC for OML 141, containing the
Barracuda and Elepa South Oilfields, following our ongoing due diligence
exercise.
The near-term drilling of B-5 is an opportunity for Zenith to rapidly achieve a
material progression in its development by exploiting the considerable
production potential of the Barracuda oilfield. We view the risk profile of
drilling B-5 as low to medium primarily, amongst other factors, due to the
strongly confirmed presence of hydrocarbons in nearby wells accessing the same
formations.
Further, it should be noted that the Option, and its potential exercise, are not
subject to external approvals or other bureaucratic procedures resulting in
delays, meaning that Zenith and NHNL can speedily progress in executing
operational activities.
We are confident in our ability to finance the Option by using multiple sources
of funding, specifically funding from pan-African financial institutions.
Finally, while this transaction would represent the largest single investment in
Zenith’s history, it will in no way divert attention away from our development
in Tunisia, and especially in the Republic of the Congo, where we expect to
finally achieve significant progress in due course.”
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.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
E: info@zenithenergy.ca
https://newsweb.oslobors.no/message/548053
https://newsweb.oslobors.no/message/548053
November 29, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Option Agreement for OML 141 RSC in Nigeria
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the Africa
focused production and development energy company, is pleased to announce that
it has entered into an Option Agreement (the “Option”) with Noble Hill-Network
Limited ("NHNL"), a private Nigerian oil and gas company.
NHNL is the sole, 100% holder of a Risk Service Contract (“RSC”) for the
development of the North-West Corner of OML 141 in Nigeria, defined as the Risk
Service Contract Area (“RSCA”), which covers 105 square kilometres of the Niger
Delta region and contains the potentially highly productive Barracuda and Elepa
South oilfields, as well one prospective field with an estimated 232.7 million
barrels of discovered oil (Degeconek 2019 CPR).
Terms of the Option
The object of the Option is to provide Zenith with the opportunity to jointly
develop the RSCA of OML 141 with NHNL.
Plans have already been finalised to drill, test, and complete the Barracuda 5
well (“B-5”), which is situated between two previously drilled wells that have
both encountered significant hydrocarbons. In the event of a successful outcome,
production will commence immediately using a barge-mounted Early Production
Facility to initially transport the produced oil to a nearby floating storage
and offloading vessel for subsequent monetisation.
The Option gives Zenith the ability to purchase 42,000,000 (forty-two million)
ordinary shares of Naira 1.00 in NHNL that are available and unincumbered for
issue to Zenith, representing an interest of 42% (forty-two percent) in the
outstanding share capital of NHNL.
The consideration to exercise the Option and thereby acquire a 42% interest in
NHNL has been agreed as US$20,000,000 (twenty million United States Dollars)
(the “Consideration”), payable in 7 instalments over 270 days each of
US$3,000,000, except for the first and the last which will satisfy the remaining
Consideration payable.
NHNL will use the Consideration to fund the drilling of B-5. The Company has
been informed that the drilling location for B-5 has already been acquired by
NHNL and all necessary civil works (including dredging and clearing of the
designated well location) have been performed in preparation for the
mobilisation of a barge-mounted drilling rig.
A suitable and fully inspected drilling rig has been identified and a site visit
is planned in mid-December 2021, with the expectation of signing a drilling
contract in January 2022 to begin operations during the first quarter of 2022.
Production from the Barracuda oilfield is expected to begin during the second
quarter of 2022 at a rate of approximately 4,000 barrels of oil per day.
Further development and drilling activities are planned to follow the drilling
of B-5, with the locations for Barracuda wells 6,7 and 8 having already been
identified. In the event the Option was exercised, and Zenith thereby held 42%
of NHNL, it would only be required to fund its share of future development work.
The Option will expire on January 15, 2022.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
“We are delighted to have signed an Option to acquire an exclusive material
interest in NHNL, the sole holder of the RSC for OML 141, containing the
Barracuda and Elepa South Oilfields, following our ongoing due diligence
exercise.
The near-term drilling of B-5 is an opportunity for Zenith to rapidly achieve a
material progression in its development by exploiting the considerable
production potential of the Barracuda oilfield. We view the risk profile of
drilling B-5 as low to medium primarily, amongst other factors, due to the
strongly confirmed presence of hydrocarbons in nearby wells accessing the same
formations.
Further, it should be noted that the Option, and its potential exercise, are not
subject to external approvals or other bureaucratic procedures resulting in
delays, meaning that Zenith and NHNL can speedily progress in executing
operational activities.
We are confident in our ability to finance the Option by using multiple sources
of funding, specifically funding from pan-African financial institutions.
Finally, while this transaction would represent the largest single investment in
Zenith’s history, it will in no way divert attention away from our development
in Tunisia, and especially in the Republic of the Congo, where we expect to
finally achieve significant progress in due course.”
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.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
E: info@zenithenergy.ca
https://newsweb.oslobors.no/message/548053
Remember half year report tomorrow. Will get all summary about proposed work and all account until 09/21.
joke of the day valuation is kr 1.84 and share trading at øre 0.12
joke of the day valuation is kr 1.84 and share trading at øre 0.12
Redigert 29.11.2021 kl 15:33
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what more action is needed, For me Nigeria is biggest game changer in terms of price build-up for Zenith and they landed there.
1) 22.5 % SLK is in portfolio with 25% operators in field remaining half is coming within month,
2)ROB - 1 workover completed successfully.
3) Production reached 500 bopd will double in next1 month officially.
4 )Nigeria option agreement entered officially with % and cost and drilling plan.
5)More is coming from Tunisia.
6) Tilapia in within month.
7) Production will reach 10000 bopd within next 6 month will double until next year. It will cross PNOR in next 6 month in terms of production.
1) 22.5 % SLK is in portfolio with 25% operators in field remaining half is coming within month,
2)ROB - 1 workover completed successfully.
3) Production reached 500 bopd will double in next1 month officially.
4 )Nigeria option agreement entered officially with % and cost and drilling plan.
5)More is coming from Tunisia.
6) Tilapia in within month.
7) Production will reach 10000 bopd within next 6 month will double until next year. It will cross PNOR in next 6 month in terms of production.
Redigert 29.11.2021 kl 15:57
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Barneskirenn
29.11.2021 kl 15:58
4474
1) 22,5% - Check. 25% still words.
2) Check.
3) 500bopd - check. Double - still words.
4 ) Option - check. Financing - still words.
5) Still words
6) Still words
7) Still words
But.. todays news was great! Great step in the right direction :)
Sia
29.11.2021 kl 16:18
4417
Om jeg ikke tar helt feil så produser Zen ca 240 tønner i døgnet og strøm i Italia pr idag eller?
Zenith is producing 530 bopd in Tunisia and electricity in Italy.
Whatever in hands of AC already performed or change the way of doing. He entered into Nigeria options considering all financing means so it's a done deal. Check PNOR still waiting in Nigeria from last three years.
jantt
29.11.2021 kl 16:44
4369
Så må vi håbe at stigningen kan fortsætte imorgen og ikke falde tilbage som den plejer
Fakevenues
29.11.2021 kl 16:55
4360
Fra AGEOS på LSE:
AC was adamant from day one that he intended to build a mid-tier company and this is the first deal commensurate with that ambition. Tilapia [Congo Brazzaville] is significant but not comparable in production potential. The $20m cost of acquiring a 42% equity stake in NHNL and consequently in OML-141 NW may have surprised some but was clearly sign-posted by AC in his 10.11.2021 Investor Call. In answer to a question on future funding he stated “we are working hard with development banks in Africa...there are five or six with which we are negotiating for sums of up to $5m. With oil production creating cash flow we can service this.”
The wording of today's RNS implies that the 42m shares in NHNL will be acquired in 7 tranches, each of 6m shares, for each of 7 payments of $3m over a period of 270 days beginning, presumably on the day the option is signed [before Jan 15,2022] and when the first instalment of $3m will be due. Provisional bank-loan agreements have presumably already been negotiated in justification of AC's statement that “We are confident in our ability to finance the Option by using multiple sources of funding, specifically funding from pan-African financial institutions.”
The ADM Energy RNS also released today, and in response to ZEN's announcement, may appear to muddy the waters since it repeats this bizarre claim of “ownership of NHNL”. Ownership, as previously explained, implies legal title to more than 50% of the voting rights in a company, which should be self evidentially provable but for which ADM Energy provides not a shred of evidence, even to the extent of not declaring such an interest in its [or K.O.N.H UK Ltd] Companies House filings which would be a legal requirement if such ownership existed. It is simply beyond belief that ZEN would have entered into this Option Agreement without having first established with the relevant Nigerian authorities that NHNL is 100% owned by its shareholders as registered with those same authorities. My incomprehension of ADME's claims is compounded by the fact that the all-important second paragraph of their RNS today contains a legalistic non-sequitur rendering it nonsensical. No competent lawyer would have written this.
Although the ADM Energy/KONH claim will no doubt continue as a side issue, AC is clearly confident of its irrelevance so hopefully we can await the succession of announcements which will accompany the progression of this initiative to a successful conclusion. The drilling of B-5 during Q1 2022, followed by B-6, 7 & 8 will alone provide an eventful year and in the meantime it appears that the anticipated developments in Tunisia and Congo Brazzaville will also soon materialise.
AGEOS.
AC was adamant from day one that he intended to build a mid-tier company and this is the first deal commensurate with that ambition. Tilapia [Congo Brazzaville] is significant but not comparable in production potential. The $20m cost of acquiring a 42% equity stake in NHNL and consequently in OML-141 NW may have surprised some but was clearly sign-posted by AC in his 10.11.2021 Investor Call. In answer to a question on future funding he stated “we are working hard with development banks in Africa...there are five or six with which we are negotiating for sums of up to $5m. With oil production creating cash flow we can service this.”
The wording of today's RNS implies that the 42m shares in NHNL will be acquired in 7 tranches, each of 6m shares, for each of 7 payments of $3m over a period of 270 days beginning, presumably on the day the option is signed [before Jan 15,2022] and when the first instalment of $3m will be due. Provisional bank-loan agreements have presumably already been negotiated in justification of AC's statement that “We are confident in our ability to finance the Option by using multiple sources of funding, specifically funding from pan-African financial institutions.”
The ADM Energy RNS also released today, and in response to ZEN's announcement, may appear to muddy the waters since it repeats this bizarre claim of “ownership of NHNL”. Ownership, as previously explained, implies legal title to more than 50% of the voting rights in a company, which should be self evidentially provable but for which ADM Energy provides not a shred of evidence, even to the extent of not declaring such an interest in its [or K.O.N.H UK Ltd] Companies House filings which would be a legal requirement if such ownership existed. It is simply beyond belief that ZEN would have entered into this Option Agreement without having first established with the relevant Nigerian authorities that NHNL is 100% owned by its shareholders as registered with those same authorities. My incomprehension of ADME's claims is compounded by the fact that the all-important second paragraph of their RNS today contains a legalistic non-sequitur rendering it nonsensical. No competent lawyer would have written this.
Although the ADM Energy/KONH claim will no doubt continue as a side issue, AC is clearly confident of its irrelevance so hopefully we can await the succession of announcements which will accompany the progression of this initiative to a successful conclusion. The drilling of B-5 during Q1 2022, followed by B-6, 7 & 8 will alone provide an eventful year and in the meantime it appears that the anticipated developments in Tunisia and Congo Brazzaville will also soon materialise.
AGEOS.
Fakevenues
29.11.2021 kl 17:17
4341
Scroll down to see Eunisell EPF Barge 'Victory', the probable barge-mounted Early Production Facility mentioned in today's RNS and from which oil production would be transferred to an adjacent floating storage and offloading vessel.
www.eunisellproduction.com
AGEOS
www.eunisellproduction.com
AGEOS
Herbius
29.11.2021 kl 17:23
4313
Dette er imponerende 😃
Tilapia [Congo Brazzaville] is significant but not comparable in production potential.
Tror det bliver et fantastisk 2022, det bliver ihvertfald ikke kedeligt 🛢🛢
Tilapia [Congo Brazzaville] is significant but not comparable in production potential.
Tror det bliver et fantastisk 2022, det bliver ihvertfald ikke kedeligt 🛢🛢
Herman*
29.11.2021 kl 18:24
4163
I am not a lawyer, but based on what I read I think you are right that Zenith will be able to acquire this license if they provide the necessary funding. What ADM can do is to cause a headache by declaring some kind of legal war that they probably have no chance winning. Desperate people do desperate things, and I think they have to do something to send a signal to their shareholders who probably feel totally screwed.
Redigert 29.11.2021 kl 18:25
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Herbius
29.11.2021 kl 19:41
3986
Det er altså vildt, mon ikke markedet vågner de næste par dage 🙈
En CPR udgivet i 2016 indikerede 1,3 milliarder tønder olie på plads fra to sandreservoirintervaller, svarende til dem, der er placeret i det nærliggende Nembe Creek-felt.
Barracuda-feltet har fire eksisterende brønde, og det er hensigten, at en femte brønd skal bores
En CPR udgivet i 2016 indikerede 1,3 milliarder tønder olie på plads fra to sandreservoirintervaller, svarende til dem, der er placeret i det nærliggende Nembe Creek-felt.
Barracuda-feltet har fire eksisterende brønde, og det er hensigten, at en femte brønd skal bores
kaunis
29.11.2021 kl 20:00
3933
Takk for gode opplysninger som spores opp, god optimisme smitter over på usikre aksjonærer .
Tetro
29.11.2021 kl 20:10
3915
Fortsatt usikkerheten som rår. Så lenge dette er en opsjon og det er usikkerhet om eierskap mellom NHNL og ADM vil fortsatt de store holde seg vekk. Det er en utrolig treghet i ZENA og AC må virkelig bevise mye for å gjenspeile litt av verdiene på aksjekursen. Vil jo tro det løsner etterhvert men vi ZENA aksjonærer må fortsatt være tålmodig. Kommer Congo og Tunisia med suksess må da toget forlate stasjonen. Spennende å se hvordan finansieringen vil bli men det er vel også en faktor som holder igjen kursen. Vi håper det beste og satser på noen 100% oppgang.
Lykke til alle sammen.
Lykke til alle sammen.
Pessimist1
29.11.2021 kl 20:29
3865
Enig i mye, at det er en "utrolig treghet i Zena og AC" den er jeg derimot sterkt uenig i. For oss som har vært investert en stund når AZ var jaktmarkene, vi skjønner at dette har gått utrolig raskt. Jeg vil utfordre deg til å komme med et sammenlignbart case hvor noen med så begrenset kapital på så kort tid har synliggjort så store verdier i Afrika. Selskapet la totalt om strategi etter AZ, gikk inn i Afrika for fullt, vi har nå en bra størrelse på tilstedeværelsen i Tunisia, Congo kommer, Nigeria m.m. Det som her er eksterne faktorer hverken AC eller Zenith kan bebreides for. At det kom et valg i Congo og at tidligere minister motarbeidet Zenith på alle plan er ikke Zenith eller AC sin feil, at det er en presset politisk situasjon i Tunisia er ikke AC eller Zenith sin feil, Snarere tvert om så synes jeg Zenith tross alt har vært kjemperaske med det de har foretatt seg, skal sies kommunikasjonen tidvis kunne vært bedre. Men mener jeg las her et sted at et annet norsk selskap har holdt på i Nigeria i mange år for å skaffe seg lisenser. Det er ofte tidshorisonten på slike prosjekter fra start tilslutt "årevis", så at Zenith og Andrea har jobbet langt raskere å mer effektivt en noen kan forvente det tror jeg det er liten tvil om.
Herbius
29.11.2021 kl 20:41
3848
Pessimist, er såååå enig 👍👍
Også nævner du ikke engang pandemien, det er utroligt hvad han har leveret 😃
Også nævner du ikke engang pandemien, det er utroligt hvad han har leveret 😃
Oilinvestor
29.11.2021 kl 21:01
3789
👏👏
« Further, it should be noted that the Option, and its potential exercise, are not subject to external approvals or other bureaucratic procedures resulting in delays, meaning that Zenith and NHNL can speedily progress in executing operational activities. »
😁😁😁
« Further, it should be noted that the Option, and its potential exercise, are not subject to external approvals or other bureaucratic procedures resulting in delays, meaning that Zenith and NHNL can speedily progress in executing operational activities. »
😁😁😁
Gullit
29.11.2021 kl 21:27
3719
Det blir så bra det her. Og det er ikke langt frem i tid.. på tide å posisjonere seg??
Herman*
29.11.2021 kl 21:32
3716
Har noen av dere fått en kommentar fra selskapet angående den juridiske konflikten?Som nevnt kan det godt hende at ADM er på bærtur, men juridiske prosesser kan være noe herk. Hvis de søker erstatning vil jeg ikke tro at Zenith er part i saken, og dermed vil transaksjonen og utviklingen av feltet gå sin gang. Hvis de derimot søker en midlertidig forføyning og forsøker å stoppe transaksjonen, vil det kunne medføre mye bortkastet tid. Hvis noen får en kommentar fra Zenith eller ADM, ville det vært fint om dere legger det ut her.
Fakevenues
29.11.2021 kl 21:34
3759
Det fikk vi jo svar på i dag (PM) :
"NHNL is the sole, 100% holder of a Risk Service Contract (“RSC”) for the development of the North-West Corner of OML 141 in Nigeria"
Også fra AGEOS på LSE:
"Ownership, as previously explained, implies legal title to more than 50% of the voting rights in a company, which should be self evidentially provable but for which ADM Energy provides not a shred of evidence, even to the extent of not declaring such an interest in its [or K.O.N.H UK Ltd] Companies House filings which would be a legal requirement if such ownership existed. It is simply beyond belief that ZEN would have entered into this Option Agreement without having first established with the relevant Nigerian authorities that NHNL is 100% owned by its shareholders as registered with those same authorities. "
"NHNL is the sole, 100% holder of a Risk Service Contract (“RSC”) for the development of the North-West Corner of OML 141 in Nigeria"
Også fra AGEOS på LSE:
"Ownership, as previously explained, implies legal title to more than 50% of the voting rights in a company, which should be self evidentially provable but for which ADM Energy provides not a shred of evidence, even to the extent of not declaring such an interest in its [or K.O.N.H UK Ltd] Companies House filings which would be a legal requirement if such ownership existed. It is simply beyond belief that ZEN would have entered into this Option Agreement without having first established with the relevant Nigerian authorities that NHNL is 100% owned by its shareholders as registered with those same authorities. "
Redigert 29.11.2021 kl 21:44
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Herman*
29.11.2021 kl 21:52
3753
Jeg tenkte utover det, kanskje en kommentar til børsmeldingen til ADM osv. Som sagt tror jeg ikke ADM kan vinne frem, bare lurer på om de klarer å skape forsinkelser.
Fakevenues
29.11.2021 kl 22:02
3783
Tror ikke du har lest og forstått hva AC skrev,- og hva AGEOS analyserte, så jeg foreslår at om du kjøper noen aksjer, så legger DU inn en 'midlertidig forføyning' samtidig.
Herman*
29.11.2021 kl 22:34
3687
Min erfaring er at en sak ofte har flere sider. Jeg forstår at AGEOS mener at ADM er på villspor, bare lurer på om saken er så opplagt som den fremstår. Har sittet i flere selskapet hvor juridiske konflikter har ødelagt enorme aksjonærverdier.
Fakevenues
29.11.2021 kl 22:42
3749
Det kan jo nesten høres ut som om du har vært gift flere ganger, og hver gang sittet med svarte-per når det har gått åt skogen.
Herman*
29.11.2021 kl 23:08
3690
Nå synes jeg du begynner å bli vel personlig…:-) Jeg har vært i aksjemarkedet i 30 år, og da er det vel naturlig at en har erfart både det ene og det andre som en forsøker å lære av. De siste 18 mnd har vært helt fantastisk, så kanskje det er et tegn på at en begynner å lære av tidligere feil….?
Fakevenues
29.11.2021 kl 23:42
3624
Det var ikke for å være personlig, men i overført betydning.
Har du vært i et game i 30 år, så må du jo ha lært mer enn bare å være redd.
Bruk de ressurser du har til rådighet, og sitt ikke bare å forsøke å kjøre andre oppetter veggen. Det er flere her som gjør en fantastisk jobb med å lete i registre, hjemmesider på nett og også bruker kontakter for å fremskaffe det de skriver på forumet her. Vi henviser til det vi finner.
Har du vært i et game i 30 år, så må du jo ha lært mer enn bare å være redd.
Bruk de ressurser du har til rådighet, og sitt ikke bare å forsøke å kjøre andre oppetter veggen. Det er flere her som gjør en fantastisk jobb med å lete i registre, hjemmesider på nett og også bruker kontakter for å fremskaffe det de skriver på forumet her. Vi henviser til det vi finner.
Herman*
30.11.2021 kl 07:56
3408
Skal en opprettholde en meget høy avkastning må en kvalitetssikre eksisterende og potensielle investeringer. Så gjør vi det på forskjellige måter… Ellers er det svært få som jeg åpenlyst kritiserer på forumet. Nå er det en ny dag med nye muligheter. Dere Zena aksjonærer har vel en rapport som kan bidra til atter en dag med litt engasjement og volum.
Håper de får ut rapporten snarest!
olje
30.11.2021 kl 08:31
3317
For ca en mnd siden var vi vel oppe på nesten 14 øre. Markedet bestemmer prisen, vel nå mener jeg markedet tar feil og sover kraftig i timen. Vi burde ligget langt høyere ut fra det som er kommet på bordet bare den siste mnd. Vi får se...
Up to evening we should get half year report. Some are creating doubts in shareholders mind regarding Nigeria please note from here Zenith will go 10 fold in next few month, at least double until 15th Jan and downside if any is negligible, think twice before selling and go trough available material in RNS and IC don't listen to ignorance who are here to secure position at cheap rate.
Redigert 30.11.2021 kl 09:24
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Tetro
30.11.2021 kl 09:19
3176
Ble vist ikke tydelig nok her. Har tidligere skrevet på forumet her hva Zenith har fått til under pandemien er ikke annet enn helt fantastisk. Da andre satt på sidelinja tok AC tak og forhandlet fram de utroligste avtaler. Med treghet mente jeg aksjekurs som gjenspeiler reelle verdier.
Herman*
30.11.2021 kl 09:25
3092
10x på noen få mnd…Javel. Hadde håpet at flere hadde skjønt at slik haussing skader mer enn det hjelper. Er det forresten noen som har noen forventninger til q rapporten?
olje
30.11.2021 kl 09:43
3041
Forventer å få bekreftet det vi allerede vet. Noe som er mer enn nok for min del til å sitte med alt av tilgjengelige midler i dette selskapet. Disiplinerte selgere nå, de som ønsker volum må opp mot 13 øre tenker jeg, vi får se.
Again I posted based on facts not in ignorance, I told valuation based on 2P reserve gives kr 1.82 which is 15 times of todays rate I write 10 times. Metric EV/2P US$/boe - 3 is very conservative it will go unto 9 too.
here is the numbers, If you have if and buts please raise.
Without SLK, $5.6 million and with 1.8 billion shares, OML141 gives following value.
Debt - $27 Million (Including $20million for Nigeria)
OML-141 - Zenith 99MMBL (42% of 273.7 million barrels )
Tunisia + Tilapia - 19.5 MMBL
Total - 119.33 MMBL
Metric EV/2P US$/boe - 3 - Kr - 1.82
Metric EV/2P US$/boe - 6 - Kr - 3.64
Metric EV/2P US$/boe - 9 - Kr - 5.46
here is the numbers, If you have if and buts please raise.
Without SLK, $5.6 million and with 1.8 billion shares, OML141 gives following value.
Debt - $27 Million (Including $20million for Nigeria)
OML-141 - Zenith 99MMBL (42% of 273.7 million barrels )
Tunisia + Tilapia - 19.5 MMBL
Total - 119.33 MMBL
Metric EV/2P US$/boe - 3 - Kr - 1.82
Metric EV/2P US$/boe - 6 - Kr - 3.64
Metric EV/2P US$/boe - 9 - Kr - 5.46
Redigert 30.11.2021 kl 10:12
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Herman*
30.11.2021 kl 11:55
2866
Again: This is a theoretical valuation. The market will never price Zena at 10x in a few months, because: Its Zenith, its a small company, its Nigeria, oil is not fashionable, they have not proven that they can develop the field… But, if the legal issues will not stop Zenith, and Baracuda and Tilapia deals are closed, the share price will increase a lot. To believe in a share price of 1.80 in a few months however, is just crazy.
C-Eiken
30.11.2021 kl 12:03
3095
Exactly. Market rarely valuate companies high without a proven track record.
Just look at REC Silicon, its green and everything, not even valuated 50% of their factories value.
Just look at REC Silicon, its green and everything, not even valuated 50% of their factories value.
again, I wrote in few months ( max 6 months) after production starts in Nigeria with 4000bopd, Tilapia drilling and Tunisia will reach 2000bopd until that, what is the factor which will be stopping zenith growing to 10 times?
so you are saying PNOR with similar number of share with 3000 bopd current date around 1.1 to 1.2 but with 6000 bopd zenith will be kr0.35. Both are in same countries.
so you are saying PNOR with similar number of share with 3000 bopd current date around 1.1 to 1.2 but with 6000 bopd zenith will be kr0.35. Both are in same countries.