Zenith Energy - Oljen priset til usd 1 pr fat?
Er dette blant de billigste olje selskapene pr dags dato? Er oljen de eier priset til ca usd 1 pr fat? I tillegg til olje produksjon, selger også selskapet gass og strøm. Bare strøm produksjonen som selskapet har i Italia, tjener selskapet nok penger til å forsvare hele børs verdien på kr 180 millioner
"Electricity prices during the month of March 2022 averaged approximately EUR 295 per MWh, resulting in net revenues of approximately EUR 300,000 per month. Zenith’s current net production costs remain fixed at approximately EUR 35,000 per month"
https://newsweb.oslobors.no/message/558660
"Oil production:
Zenith has reported production from its Tunisian assets in the first half of 2021/22 at 517 b/d. Shipments were somewhat lower at 371 b/d. Significantly, production in Tunisia was running at 650 b/d net in late September including conditional SLK output. Zenith suggested that 1,000 b/d is possible by the second quarter of 2022 assuming successful workover and drilling activity
Tunisia work programme:
Zenith has interests in four producing licences in Tunisia. At Robbana in the south of the country the workover of the ROB-1 well was successfully
completed in early Q4 2021. Production was boosted from approximately 20 b/d to 100 b/d. Near-term, the work programme in Tunisia involves drilling a vertical well at Robbana and two side-tracks in non-producing wells at the Ezzaouia also in the south of the country. The objective is 1,000 b/d for the latter while for the former we believe 500 b/d might be possible. The cost of US$2.5m is underpinned by the recent US$4m equity raise
Valuation and financing
Reflecting the sometimes difficult operating and business environment, valuations for undeveloped resources in Nigeria are modest. We believe valuation might well be less than US$1/barrel. If we assume US$0.5/barrel and 233mm barrels of resources for the two discoveries the valuation would be US$117m. A 42% interest would therefore be US$49m which implies significant headroom vis-à-vis the US$20m as per the OML 141 option agreement.
Zenith has indicated that plans have already been finalized for drilling the Barracuda 5 well (B-5). Apparently, all the necessary civil engineering work has been undertaken for the well including dredging and site clearance. The well location is between two previously drilled wells which have encountered ‘significant hydrocarbons’. The indications are that drilling will commence in January 2022. In a success case Zenith has indicated that production is expected to start immediately using a barge-mounted early production facility. Production could commence during the second quarter of 2022 at a rate of approximately 4,000 b/d, according to Zenith. Further development is expected with the locations for Barracuda wells 6, 7 and 8 already identified. If Zenith chooses to exercise
the option agreement, there will, therefore, be an ongoing corporate and development financing requirement"
Informasjon hentet fra linkene under
Prospektet 4.3.2022
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/03/315-033-Prospectus-2022-final-approved.pdf
Analyse fra Allenby Capital 14.12.2021:
https://www.allenbycapital.com/our-research/?msclkid=f7a374b5c7a911ecaa511cb87e0b4104&fwp_research_client=2618
Børs meldinger fra selskapet:
https://newsweb.oslobors.no/search?category=&issuer=12675&fromDate=&toDate=&market=&messageTitle=
"Electricity prices during the month of March 2022 averaged approximately EUR 295 per MWh, resulting in net revenues of approximately EUR 300,000 per month. Zenith’s current net production costs remain fixed at approximately EUR 35,000 per month"
https://newsweb.oslobors.no/message/558660
"Oil production:
Zenith has reported production from its Tunisian assets in the first half of 2021/22 at 517 b/d. Shipments were somewhat lower at 371 b/d. Significantly, production in Tunisia was running at 650 b/d net in late September including conditional SLK output. Zenith suggested that 1,000 b/d is possible by the second quarter of 2022 assuming successful workover and drilling activity
Tunisia work programme:
Zenith has interests in four producing licences in Tunisia. At Robbana in the south of the country the workover of the ROB-1 well was successfully
completed in early Q4 2021. Production was boosted from approximately 20 b/d to 100 b/d. Near-term, the work programme in Tunisia involves drilling a vertical well at Robbana and two side-tracks in non-producing wells at the Ezzaouia also in the south of the country. The objective is 1,000 b/d for the latter while for the former we believe 500 b/d might be possible. The cost of US$2.5m is underpinned by the recent US$4m equity raise
Valuation and financing
Reflecting the sometimes difficult operating and business environment, valuations for undeveloped resources in Nigeria are modest. We believe valuation might well be less than US$1/barrel. If we assume US$0.5/barrel and 233mm barrels of resources for the two discoveries the valuation would be US$117m. A 42% interest would therefore be US$49m which implies significant headroom vis-à-vis the US$20m as per the OML 141 option agreement.
Zenith has indicated that plans have already been finalized for drilling the Barracuda 5 well (B-5). Apparently, all the necessary civil engineering work has been undertaken for the well including dredging and site clearance. The well location is between two previously drilled wells which have encountered ‘significant hydrocarbons’. The indications are that drilling will commence in January 2022. In a success case Zenith has indicated that production is expected to start immediately using a barge-mounted early production facility. Production could commence during the second quarter of 2022 at a rate of approximately 4,000 b/d, according to Zenith. Further development is expected with the locations for Barracuda wells 6, 7 and 8 already identified. If Zenith chooses to exercise
the option agreement, there will, therefore, be an ongoing corporate and development financing requirement"
Informasjon hentet fra linkene under
Prospektet 4.3.2022
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/03/315-033-Prospectus-2022-final-approved.pdf
Analyse fra Allenby Capital 14.12.2021:
https://www.allenbycapital.com/our-research/?msclkid=f7a374b5c7a911ecaa511cb87e0b4104&fwp_research_client=2618
Børs meldinger fra selskapet:
https://newsweb.oslobors.no/search?category=&issuer=12675&fromDate=&toDate=&market=&messageTitle=
Frodon
30.05.2022 kl 22:03
4388
Har ikke selskapet store nok inntekter til å betjene gjelden? Har du ikke regnet på dette? Hva har du lagt inn på kost prisen på produktene til selskapet og hvor mye har du lagt inn på avdrag og renter?
Fakevenues
30.05.2022 kl 22:03
4375
Kanskje Svartsyn burde gis noen intensiver til å få denne sjarken til å bestå en klassifisering?
Dette selskapet må snarest levere noe på sine kommuniserte fremtidsutsikter ellers kan det hele bære luktens til h*****e. Det er bra med gjeld her nå som skal betjenes uten di store inntektene.
Det positive (kursmessig) er at det ser ut som at en foreløpig bunn er ca 0,973.
Det positive (kursmessig) er at det ser ut som at en foreløpig bunn er ca 0,973.
Fakevenues
30.05.2022 kl 21:22
4486
Afrika❓
Når du har fått noe der, så må du jo for faen 'beise sjarken' eller så synker den, samme faen hvilken sjø du flyter på.
Når du har fått noe der, så må du jo for faen 'beise sjarken' eller så synker den, samme faen hvilken sjø du flyter på.
gravemaskinen
30.05.2022 kl 21:15
4498
kaunis skrevInnlegget er slettet
Nå må dere roe ned... Største feilen er at dette er Afrika, og der tar det laaaaaang tid... Bare se på pnor og pen... Det er jo revisorbasert selskap tross alt
Fakevenues
30.05.2022 kl 19:28
4665
Maybe another kind of 'brownfield' and 'lubricant',- so not publish ?
For fucks sake, read what they don't publish.
For fucks sake, read what they don't publish.
Pessimist1
30.05.2022 kl 19:06
4703
I think you are absolutely right. And I would rather have the company focusing on further development rather than making statements about everything to try and drive up the shareprice.
Riktig!
Fakevenues
30.05.2022 kl 18:10
4773
At ikke ZENA selv meldte på Twitter om sponsoravtale, eller at de ikke har meldt cash på konto er merkelig. Da de tidligere har brukt enhver anledning til å 'melde'. ex kjøp av utstyr til sykehus, cash på konto etc.
Operativt er det også vanvittig stille, når enhver 'tønne' i disse tider og for et junior selskap er av største betydning.
Jeg finner også en del som de ikke publiserer og derfor stiller mange spørsmål
Operativt er det også vanvittig stille, når enhver 'tønne' i disse tider og for et junior selskap er av største betydning.
Jeg finner også en del som de ikke publiserer og derfor stiller mange spørsmål
BMU
30.05.2022 kl 18:09
4755
I think that company is more preoccupied on concluding /closing agreements rather than worried about stock price , that will com eventually after.
Pessimist1
30.05.2022 kl 15:55
4890
The impressive fact is the work that has been done with the company. From almost facing bankrupcy to selling 12 million dollars ++ worth of oil in the first seven months of the year. Also making a couple of million dollars on electricity production in Italy this year, in addition to developing fields which in turn could lead to larger oil sales in the comming months/years. From daily being scared of placements to not having a placement since November. To getting non dilutive financing and a working bond program. You can make up your own mind when it comes to the stock. The clue in the stockmarket is to find value at a discount, today if you buy Zenith stock you end up with price earnings that are very low, a lot of cash compared to the size of the company and the price has gone down even though as you point out the underlaying asset class has gone up in price.
Fakevenues
30.05.2022 kl 15:42
4923
Oilprice has increased 50% YTD
ZENA shares has decreased 19% YTD
Impressive facts
ZENA shares has decreased 19% YTD
Impressive facts
Viking_I
30.05.2022 kl 15:04
4976
Good joke, what next. concentrate on facts other than these kinds of comments.
If you are looking for trouble you came to the right place
Viking_I
30.05.2022 kl 11:18
2470
Wrong
SLK 22.5 % is already with Zenith. (CNPC).
Ezz not renewed,- and why carry on without approval? - is approved informally and Zenith selling oil from it form last year.
SLK 22.5 % is already with Zenith. (CNPC).
Ezz not renewed,- and why carry on without approval? - is approved informally and Zenith selling oil from it form last year.
Fakevenues
30.05.2022 kl 10:45
2508
As I have written before;
SLK 22,5% not acknowledged
SLK 22,5% still quiet
Ezz not renewed,- and why carry on without approval?
Until proven otherwise, I think there is a link between the first rejection on both SLK shares, and what is happening now.
Robbana and El Bibane acknowledged - as the only ones and 'could' reached a combined production near 1000 BOD
Tilapia ,- nothing yet.
SLK 22,5% not acknowledged
SLK 22,5% still quiet
Ezz not renewed,- and why carry on without approval?
Until proven otherwise, I think there is a link between the first rejection on both SLK shares, and what is happening now.
Robbana and El Bibane acknowledged - as the only ones and 'could' reached a combined production near 1000 BOD
Tilapia ,- nothing yet.
Viking_I
30.05.2022 kl 10:33
2536
They made things happen in Tunisia but after all delays that they loose 70% to 80% gain in SLK and ROB and EBB. As per my calculation Zenith losses $7 to $9 million in SLK only from April 2020. They still have time to turn around things in ROB and EBB but they already lost 1 year in EBB-3 workover and ROB-3 drilling.
One thing is good here is there is max 10% downside and 10 times upside if management is really want to take course up with current assets.
One thing is good here is there is max 10% downside and 10 times upside if management is really want to take course up with current assets.
Redigert 30.05.2022 kl 10:39
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Rai Rai
Fakevenues
30.05.2022 kl 10:30
2541
Rob-1 meldte de stans på 24.1.22
Ezz skulle de begynne på i mars
Italia skulle et annet anlegg komme online igjen i mai,- (Som etter hva jeg har funnet ut vil øke inntektene med 10-15% i forhold til dagens, i Italia)
Imponerende
Ezz skulle de begynne på i mars
Italia skulle et annet anlegg komme online igjen i mai,- (Som etter hva jeg har funnet ut vil øke inntektene med 10-15% i forhold til dagens, i Italia)
Imponerende
flingaas
30.05.2022 kl 10:25
2562
Hvis standarden er flere år (Tilapia), er selv et halvt år relativt 'quickly' ...
Håper og tror at juni blir en spennende måned.
Håper og tror at juni blir en spennende måned.
Fakevenues
30.05.2022 kl 10:06
2607
"Zenith has many other negotiations going on in Africa which have not reached announceable stage yet. However, we are looking at trying to acquire assets that can be closed quickly." (22.2.22) 😂😂
Skalleknarp
30.05.2022 kl 09:49
2642
Det står vel neste i annet hvert innelgg her at ZENA er høy risk... Så langt har min investering bare vært et stort gjeeeeesp. Har hverken tapt eller tjent. Har selvsagt ikke satset mer enn jeg har råd til å tape. Er litt glad i slike caser, men ja, det har tatt for laaaaang tid nå. Hver dag som går - en dag nærmere nyheter. En får bare smøre seg med enda litt mer tålmodoghet. Ha en fin ZENA dag :)
gravemaskinen
30.05.2022 kl 09:44
2664
det drøyer og drøyer og drøye......zzzzzzzz verste sirup jeg noen gang har rotet meg inni...
Skalleknarp
30.05.2022 kl 09:01
2753
For vel en måned siden var det mer enn 80 mennesker som døde i eksplosjon på et ULOVLIG raffinere i Nigeria. Hvordan kan det være mulig å sette opp et raffineri ulovligt. For oss her på bergene er dette helt ubegripelig. Sier vel bare litt om kontrollen på saker og ting i bla. Nigeria. Ikke enkelt å drive business heller i slike land. Det som gjelder i dag - gjelder ikke i morgen eller visa versa. https://www.nettavisen.no/nyheter/utenriks/nigeria-minst-80-dode-i-eksplosjon-ved-ulovlig-oljeraffineri/s/12-95-3424268452
Redigert 30.05.2022 kl 09:02
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Viking_I
30.05.2022 kl 08:54
2771
Last IC was in Feb 22nd now it is more than 3 month, there is no concrete answer to what happened to money collected from November and also not single barrels of new oil added into portfolio
1) ROB-1 and ROB -3 update still missing.
2) SLK remains update still missing
3) EZZ side drilling still missing.
4) Tilapia II no update. (What last year appointed manager doing there? )
5) EBB workover update missing.
What management is doing whole day?
only positive thing is good profit from Italy and oil sale money around $12million
1) ROB-1 and ROB -3 update still missing.
2) SLK remains update still missing
3) EZZ side drilling still missing.
4) Tilapia II no update. (What last year appointed manager doing there? )
5) EBB workover update missing.
What management is doing whole day?
only positive thing is good profit from Italy and oil sale money around $12million
Redigert 30.05.2022 kl 08:55
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flingaas
30.05.2022 kl 07:48
2788
Olja til 120 $ og Asia-børsen med grønn start på uka. Nå er det 'bare' nyheter fra Kongo som mangler.
Kommende uke må de fanden meg leverer. Da går vi inn i juni. Snart ferdig med q2.
Ref -- https://www.zenithenergy.ca/about/team/#sergey-borovskiy
Ifølge web siden har russeren bodd og jobbet i Kina siden 1991.
Med ett slik bosted er det ikke bra for helsa å si noe imot regjeringen i Kina eller Russland
så han og andre holder nok kjeft så lenge de trives på jobb.
Ifølge web siden har russeren bodd og jobbet i Kina siden 1991.
Med ett slik bosted er det ikke bra for helsa å si noe imot regjeringen i Kina eller Russland
så han og andre holder nok kjeft så lenge de trives på jobb.
altinex..
27.05.2022 kl 20:15
3510
Styret i ZENA er det som bekymrer meg mest.. og denne russeren har vel ikke fortalt hvilken ståsted han har til sin regjering. Nigeria tror jeg ikke så veldig mye på skal jeg være ærlig, for det er vanskelig for små selskaper å etablere seg i korrupte stater. Da må det til slike som Total, Tullow..osv..
jantt
27.05.2022 kl 16:54
3652
Viking_I skrev 0.0977 - 5T hidden volume for buy
ok du skriver hele tiden om skjulte køb/salg og det gør ingen forskel for kursen
Takk!
Jaaa, mange som begynner å bli utpsyket nå. Dere engelsktalende med kvalitetsanalysene, - hjelp oss nå!
Viking_I
27.05.2022 kl 16:05
3733
Viking_I skrev 0.0975 - 5T hidden volume
0.0977 - 5T hidden volume for buy
Redigert 27.05.2022 kl 16:18
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