Zenith Energy - Oljen priset til usd 1 pr fat?

Frodon
ZENA 29.04.2022 kl 12:56 182278

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=
Gullhaugen
06.05.2022 kl 11:35 4866

Alle er sin egen lykke smed her men nå kommer lisensene. Timingen et perfekt . Ny kurs blir da 0.3 og stigende.
Redigert 06.05.2022 kl 11:38 Du må logge inn for å svare
Gullhaugen
06.05.2022 kl 11:21 4902

Magefølelsen min stemmer nesten alltid. Det kommer noe nå bare vent å se. Typisk fredags dump i Zena. Er godt lastet NÅ AC har betalt ned gjeld ....penger på bok....nytt ikke salg snart. NÅ kommer signeringene .
Viking_I
06.05.2022 kl 11:11 4877

https://e24.no/det-groenne-skiftet/i/mr2ymL/tror-stans-i-russisk-gass-vil-gi-stroempris-opp-mot-fem-kroner-kilowattimen
and
people making short ......................
hidden order at 0.0979 with 25T
Redigert 06.05.2022 kl 11:15 Du må logge inn for å svare
Viking_I
06.05.2022 kl 11:07 4879

Viking_I skrev Innlegget er slettet
if news come it is difficult to cover short, i remember someone put order 3.5 million on 0.1090 to cover short.
Redigert 06.05.2022 kl 11:08 Du må logge inn for å svare
Aldara
06.05.2022 kl 11:02 4829

Ja hadde det bare vært så enkelt som du tror Gullhaugen:-D Hadde vært millionær da serru!
Gullhaugen
06.05.2022 kl 10:59 4845

Da har magefølelsen ført med inn igjen i Zena.Jeg tror at lisensene og signeringene kommer nå. Jeg tror det kommer mye nå i mai og at 0.3 vil nok komme som følge av dette. Takk til de som dumpet nå.😊🎅 Sjekk olja nå. 120 dollar next.
Redigert 06.05.2022 kl 11:02 Du må logge inn for å svare
Viking_I
06.05.2022 kl 08:46 4990

jokers come again with 5 øre theory without any basis (to cover there last week short). Current oil production without any addition defends kr 0.2 with $21.9 of yearly income. (Tunisia 500bopd + Italy income).
One thing is clear there is 100% oil production ( with 40bopd to 600bopd) in all Zenith oil field including Tilapia II.
Redigert 06.05.2022 kl 08:50 Du må logge inn for å svare
Mdg1
06.05.2022 kl 08:24 5042

Her er enda en knøtt der man regner seg frem til uoppnåelige aksjekurser ved å ta reserver og gange med oljepris. Så er kostnadssiden av regnestykket latterlig underestimert. Det er sikkert mulig at Zena kan nærme seg 1 kr om alt klaffer, men de som regner seg frem til 6 kroner har stor tro på AC evner til å kjøpe gode assets til røverpris. Så er det også godt mulig at kursen blir liggende på 10-20 øre og at produksjonen aldri kommer noe særlig over 500-1000 tønner. Eller 5 øre om Robana workovers ikke blir bra og de andre feltene glipper
Redigert 06.05.2022 kl 08:27 Du må logge inn for å svare
gravemaskinen
06.05.2022 kl 08:00 5097

Børsen nd, oljepris opp...knall for zena
Slettet bruker
05.05.2022 kl 22:31 5281

Ja, dette er også flott!

https://youtu.be/mxs5gxYjD78
Slettet bruker
05.05.2022 kl 21:45 5246

2 uker har gått. Hvor lenge skal dette normalt ta?

https://youtu.be/fmuShNNBaIE
Konjagi
05.05.2022 kl 19:34 5398

Jeg er tildels enig med deg.
Men, det er helt frivillig å lese disse tulleinnleggene og du finner fort ut hvilke innlegg, som inneholder substans
singboss
05.05.2022 kl 18:41 5458

JC so much twaddle and piss being written about Zena and other small oil companies. I read the comments hoping for something interesting, but it is only bullshit. Day out day in. Analyzing papers from year back, counting hours to fix a well, hoping for something to happen in Africa or in Italy or on the moon. Please stop this and let us have information when there is information.
Redigert 05.05.2022 kl 18:42 Du må logge inn for å svare
MarketGunsling
05.05.2022 kl 16:48 5582

I cannot see Zenith going ahead with the Barracuda project any more. I know that the hearing about the interim injunction is due to be held in Nigeria today but unless the court case definitely rules that ADME are liars and have zero claim to anything to do with Barracuda (and I think that this is outside of the remit of today’s judgement) then I cannot see us continuing to go ahead with the project for the following reasons:

1. Zenith seem to be constantly burnt with projects and acquisitions that take much more time to complete than the company originally expects. The acquisition of the second 22.5% of SLK is still awaiting Tunisian governmental approval and the Tilapia license is also still awaiting approval and we know that the company are cautious of getting caught up in another activity that they cannot close quickly. As Andrea said in the last investor conference call: “we are wary of getting stuck in another Tilapia”

2. Also in the last investor conference call Andrea said that “the appeal of OML141 was quick production and staggered payment. We understand that retail investors don’t want long-drawn out negotiations and we are always looking at speed of executions without bureaucratic complications… Baraccuda would have been perfect if it was not for the malicious court case and so we could have completed the transaction in a matter of hours were it not for the court case.”

3. The price on Barracuda would have been $20 million for a 42% interest NHNL which own the Risk Service Contract in OML141 and this $20 million would need to have been paid over 9 months so it is a very high price to pay for a company Zenith’s size. Although we could definitely service a loan that size out of our Tunisian income we would need to be 100% sure that we would move straight into drilling.

From a personal perspective, I am a bit uncomfortable with the idea of buying a share of the RSC as opposed to the license itself. I know that this is not unusual for Nigeria, but it just seems as if it adds another entity to the mix who could foul things up if they wished.
Viking_I
05.05.2022 kl 12:06 3812

(P50) P comes here for probability all field development decisions runes on these numbers with factors of uncertainty.
I am also worked in both segment in offshore & onshore including costing and planning in last one decades. There is major difference in drilling cost, planning, schedule and technicality in both sector.

1) As per numbers its is cheap share on Oslo market.
2) Until and unless civil war or major accident in field in Tunisia there is 0% chance of company will go bankruptcy. Debt is less than $6 to $8 million (will come exact number in annual report)
3) in 2022 income will be around $30 million from Tunisia + $2.5 million profit from Italy+ ($5.7 million receivable form SNPC)
4) Lower bottom is 0.08 upper limit is 1kr after Tilapia in production until that kr 0.5 (with Tunisia 1000 bopd and Italy).
5) Nigeria is bazooka if goes as per plan in this oil price scenario.
Redigert 05.05.2022 kl 12:28 Du må logge inn for å svare
Fakevenues
05.05.2022 kl 11:50 3797

They definitely need more than what they have today to convince heavy investors.
Svartsyn
05.05.2022 kl 11:49 3742

Hallo Viking l
I am positiv and not negativ to the stock in Zenith.
But i am also realistic.
I have been working in drilling business in 35 years on a lot of oil rigs.
Numbers on a paper is one thing, oil on surface is another.
You can read your number until you are green in your face.
I still know how much work it takes before the well is producing up oil.
Work-over is one thing , side-track out off an old well is another . To make a well from surface to bottom is another.
In .Norway we say one thing.
You have to learn to walk ,before you can run.
But dont worried it gone end well.
And those guys from Allenby ,know even less than you about oil drilling.
They work with numbers like you.
Have a nice day.


Redigert 05.05.2022 kl 13:20 Du må logge inn for å svare
Viking_I
05.05.2022 kl 11:43 3706

For 20000 bopd require some road map, Nigeria and Tilapia is one of them to reach 5000 to 8000 bopd at the end of 2022.
From - https://newsweb.oslobors.no/message/548053
"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."

Tunisa - in summer 1000 bopd with EBB-3 and workover in SLK - 1800bopd at end of 2022
Congo - 5000 bopd - 60% to Zenith - 3000 bopd (AAOG planned 9 wells after upgradation of refinery facility)
4 wells with 16000 bopd - 42% to Zenith - 6720 bopd
Total - 1800 + 3000 + 6720 = 11520 bopd possible in 2023 its gold.
Redigert 05.05.2022 kl 11:56 Du må logge inn for å svare
Fakevenues
05.05.2022 kl 11:24 3757

Forstår du ikke Spansk, så er det bare å sette tekst til Engelsk.
20.000 BOD innen utgangen av 2023
https://www.youtube.com/watch?v=vPwLu-tia7U
Frodon
04.05.2022 kl 22:36 4050

Det var også en av grunnene til at jeg kjøpte aksjer her ;) Og nå får vi kjøpt aksjer like billig selv ;) Det er ikke så mye jeg kan love deg. Men det er en ting jeg vet helt sikkert på børs, en innsider med mye aksjer jobber hardt for å øke verdiene sine....som igjen kan øke dine verdier ;)

31.01.2022
"Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce that its Chief Executive Officer, Mr. Andrea Cattaneo, has notified the Company that he has today purchased a total of 39,029,728 common shares of no par value ("Common Shares") in the capital of the Company on the London Stock Exchange at a price of £0.00825 per Common Share (equivalent to approximately NOK 0.10).

Following the dealing, Mr. Cattaneo is directly beneficially interested in a total of 102,468,240 common shares in the capital of the Company, representing 5.47 percent of the total issued and outstanding common share capital of the Company"

https://newsweb.oslobors.no/message/552325
Konjagi
04.05.2022 kl 19:53 4175

Håper det ikke går for lang tid til trenden snur her på bjerget også. Nok tull med å vase pengene bort på luftslott som den grønne næringen har forårsaket. Litt uro som nå i øst, bare beviser at ønsketenkning ikke holder (vann) vind eller hydrogen
Fakevenues
04.05.2022 kl 19:45 4201

Det suste en artikkel forbi i dag om at det i USA begynner å bli et skifte blant de yngre når det gjaldt aksjer, nå begynner de å kjøpe verdi-aksjer og det er energiselskaper det går i. Så da er det vel ikke lenge før den trenden treffer her på berget også..... ZENA er pt underpriset med dagens produksjon, så nå er det bare å få noen bekreftelser så kan det bli liv her.
jantt
04.05.2022 kl 19:32 4200

nej det så nemlig godt og at ceo købte 34 mill aktier styrkede også troen.

problemet er bare at der er alt for mange og for lidt handel til at der sker noget
Frodon
04.05.2022 kl 19:29 4189

Hvorfor kjøpte du aksjer i Zena? Synes du aksjen er dyrt priset? Nå har de nettopp betalt et lån, hvor det ble trykket mye nye aksjer. Totalt 80 millioner aksjer ser det totalt ut som fra dette lånet, som sikkert er dumpet ut i markedet. Nå slipper vi mer trykking av nye aksjer fra det lånet, som er veldig positivt
Hektor
04.05.2022 kl 19:22 4176

Mange optimister på andre tråder også, du kan også lett kjøre kursen opp eller ned på andre selskaper også. Oljeprisen bra opp i dag, ligger på 110 nå, om det er bra for Zenith er det sikkert delte meninger om.

At vi skal opp i morgen er vell rimelig sikkert.
Redigert 04.05.2022 kl 19:22 Du må logge inn for å svare
jantt
04.05.2022 kl 19:09 4117

Nej jeg sælger ikke med så stort tab.

Der er bare nogle overoptimiske personer herinde der hele tiden lover at nu stiger kursen dramatisk og det sker bare ikke.

Info om oliesalg skulle b.la udløse stor kursstigning. Hvor er den ?

Der sker intet med kursen før større aktører køber op eller Zenith køber aktier tilbage.

Fortryder jeg at jeg gik ind i aktien ? Ja men nu holder til den forhåbentligt kommer nær 0,125 og så er jeg ude.

Det så lovende ud da jeg startede med at købe, men handlen er alt for lille til der sker noget.
Man kan flytte kursen mange procent med få tusinde kroner
Hektor
04.05.2022 kl 19:09 4109

Ja, det ble sagt i RNS. Ikke avhengig av eksterne eller myndigheter for godkjenning. Tenker at Nigeria er en bonus og kanskje de får en bedre pris denne gangen.
jantt
04.05.2022 kl 19:02 4113

didn`t you that say that after the info on that money from oilsale came, them the shareprice would rise big time ? Where is it ?
Pessimist1
04.05.2022 kl 19:02 4137

You need to include the 2.0 million dollars, they got in loans in the financing update RNS.
Slettet bruker
04.05.2022 kl 19:00 4133

Kan du ikke selge deg ut nå, så får du ro:)
Slettet bruker
04.05.2022 kl 18:58 4095

Var det ikke 20 millioner dollar. Dette inkl. Boring av noen brønner og eierskap på ca. 43%.
Første brønn forventer 6000 boe/d?

De kan vel starte kjapt uten noen myndigheter må godkjenne?
Redigert 04.05.2022 kl 18:59 Du må logge inn for å svare
jantt
04.05.2022 kl 16:58 4247

Som jeg regnede med og sagde igår så faldt kursen tilbage idag og det gøre den sikkert mere i morgen, desværre
Slettet bruker
04.05.2022 kl 16:23 4313

Pr idag er Congo og Nigeria parkert i en mørk bakgate.
Minner mye om en bil hvor brekket har låst alt fast.

Bilen fikk jeg orden på ..



BMU
04.05.2022 kl 15:48 4355

Dette kan gå til lang vente tid selv om ADME taper i retten. Vet ikke kanske di har anke frist og di bruker den. Min eneste håp at di går konkurs men de virker litte sanselig nå i den tiden,eventuelt di må vare en utspekulert, amatør selskap som er bare på pappire.