https://energycapitalpower.com/the-energy-minute-congo-international-energy-conference-2022-to-drive-investment-into-africas-most-mature-markets/

Det røres godt i grtyten, la oss håpe den ikke blir svidd i bunnen

Er vell samme om warrents på kr 0,25 løper ut eller ei? For at noen skal gidde å benytte dem, burde kursen være såpass mye over kr 0,25 at de skal kunne selge alle aksjene og fortsatt være i pluss ;)

"34,284,000 Warrants with an exercise price of NOK 0.25 expiring on July 1, 2022"

Wasnt this cancelled? And its a new date in 2023?
Edit: that was something else. I can see that they are counting down on their site (22 days left).
Thats good :)

I sincerely believe tilapia would be coming in the next few weeks

If Tilapia is not announced in 2022.. then why did Zenith secure financing?.. Something is going to be announced soon.
It may be the final step before they sign.. the minister of hydrocarbones was in march/febrary critical to SNPC's lack of progress. So I guess he demand a solid guarantee that Zenith got the muscles to invest/operate.

I think zenith are just finalising the final loose ends before announcement - one thing is for certain when announced there will be a huge re-rating in the share price. I expect minimum double from where we are now.

hidden volume to buy at 0.0990 5T, it will create pressure at seller side.

The price right now is a joke.. 20øre with the tilapia license is still very low. But in traditional Zenith-pricing, we should maybe expect around 20øre!...

Tilapia 2 Valuation - Djeno+ Mengo +R1/R2 - 2P reserve 60% to zenith gives 16.49 MMBLL - loan $2.5 million to drill - current oil price $113 - Valuation kr 0.86

The price will be a joke next year aswell, according to this forum.

Agre.

Sell.

Hi Viking

I know your number from before. Still when we drill we can unlock more p2 reserv. Please make vikings valuation calculation for 0.86 nok public to all. Anyway hope Tilapia 2 in place before 1.7 and drill startet before 1.10 in 2022.

Price next year will be multiples where it is now according to how much oil we produce and sell from Tunisia and electricity sales from Italy alone. Now if we get Tilapia signed and sealed then you can add another multiples on top of that. Perfect buying opportunity right now.

Detail calculation refer page 6, Zenith valuation report from 14th Dec Exhibit 3: Zenith valuation estimate analysis
https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2021/12/20211214-Zenith-Energy-ZEN.L-Allenby-Capital-Interims.pdf?c2642=on
2p Reserve Djeno+ Mengo +R1/R2 - 2P reserve 60% to zenith gives 16.49 MMBLL ( report included only 56% of Djeno formation got 2P reserve for other formation (currently producing ) from AAOG report )

Metric EV/2P - 11 (oil price $70 -3.5 (Capex + tax royalty), oil price $70 to 100 - 7 and above hundred 50% (Tax and royalty ) $110 - ($113-$110)/2 = $6.5.
3.5 +3.5 +6.5 = 13.5 (i have taken 11 )
Loan - $2.5 million for remaining drilling.

Zenith has never been in as good a position as the company is now if you ask me. We are generating very real cash revenue out of our Tunisian assets and we have significant expansion plans in Tunisia (of which the remedial work at Rob-1 is already in process) which should enable us to double production from the current levels by the end of summer. This could leave Tunisia developing in excess of $20 million per annum in profit. Our Italian assets also continue to generate Euros 2-3 million per annum and also have the potential to expand with some investment.

So we are generating massive profit from both the Tunisian and the Italian operations. However, the big news that we are all waiting for is of course (still) Tilapia. This is the news that will drive the shareprice forwards into multiples of it’s current values and is also the most mysterious bit about the company’s current operations. As soon as this arrives the game changes for Zenith completely. I was always delighted at the (relatively small) revenue generation that we were originally looking at from Tunisia because this would have allowed us to take out debt to drill Tilapia instead of having to issue equity as we have done in the past. However, with oil prices as their current unparalleled levels then it seems that by the end of June we will already have enough cash in the back to drill two Tilapia wells without having to borrow any money at all – though I totally accept that some of this money has to go to cover general company opex. Of course, first we actually have to be granted the Tilapia license and there brings me to my only issue with Zenith at our current status – we always seems to just be waiting for governments to make their decisions and until they do then the real value of the company will never be shown in the share price.

My assessment of what we are waiting on for Zenith is as follow.

In Tunisia:
1) We should be expecting the receipt of the $6.4 million any day now and it may already have been paid.
2) We are expecting to despatch another $5.5 million worth of oil next month and will, presumably, receive payment for that in July.
3) The remedial work on Rob-1 should also be finished any day (to be honest I am surprised that it has not already been completed) and this should allow us to generate an additional 100-120 bopd (which should generate a net revenue of $3.2 – 3.8 million per annum) at an oil price of $113 and an opex cost of $25.
4) We still have the fully funded work on Ezzaouia and Rob-3 to carry out towards the end of June.

In Italy
1. We continue to generate extremely high electricity revenues from our Italian assets which are generating a net revenue of between Euros 2-3 million per annum.
2. Looking at the website we also have the potential to significantly increase the revenues generated from our Italian assets. I have never paid too much notice to these in the past but it is interesting to note that on the website they mention that “Zenith’s Italian energy production interests hold significant potential for development and increased energy production. The development programme is primarily concentrated on the Torrente Cigno concession, where the Company is finalising a plan to drill a development well, to be named MV-2, to explore the updip structure of the Miocenic and Cretaceous carbonates formations”.
3. I wonder if the latest financing of E1.3 million that was announced alongside the last electricity revenue numbers may be to carry out this work.

In Congo
1. We are still waiting for confirmation that we have received the new Tilapia license and while AC says all of the signs here are good, we have still been waiting for over a year since we were announced as the preferred bidder.
2. Indications that things are likely to end up good here can be taken from the fact that Andrea has mentioned that when the license is approved then we are likely to get more than one Congolese asset and so presumably he has been in ongoing (and positive) negotiations about this for some time.
3. I presume that with the receipt of $12 million in revenue from Tunisia during May and June we will be in a position to immediately commence fully funded work on one or more of these assets as soon as we get the license.

But in short, and as ever, we are really just stuck waiting for news at the moment. I assume that we should hear news about ROB-1 next though, like everybody else, what I really want too hear about is Tilapia.

We must be due a new conference call any time now and it would be good to hear directly from Andrea what is going on. All the pieces are in place for a massive expansion in share price but the big question is when will this happen. As soon as we get Tilapia then this is a market-wide re-rate for the company as we will have cash income and exploration potential which is the holy grail of all small-cap companies.

nice summary MG - all in all we have a lot to look forward to just amount of when not if.

Agree. Might take day or weeks or even a couple of months. Otherwise why all the work getting the funding ready.

Du glemte,- til og med år!

Nei var bevist. :)

Bevisst kanskje, men ingenting er bevist, det er jo det som er problemet ;-)

Må si det er klasseforskjell i kvalitet på innleggene her, fra det enkle og barnslige til analytiske og veloverveide. Thank you for keeping up the good work despite the noise

Yep will come sooner rather than later

Aktiv går, internasjonal i formuleringene, stille i dag.

Klar for ny short?

Håper du tjener pengene du tapte på Zenith tilbake i Havyard så vi slipper surmulingen din på forumet :)

Godt svart!

https://www-espacemanager-com.translate.goog/zenith-energy-et-ecumed-petroleum-nouveaux-partenaires-de-lesperance-sportive-de-zarzis.html?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Ante meg at alle lån og aksjetrykking gikk til andre ting enn å utvikle selskapet

Til og være en klovn på dette forumet så har du jo innimellom morsomme tekster av og til og😂🤡

En elegant form for smøring!

Fint bidrag for å blidgjøre myndighetene ;) Tviler sterkt på at dette er tilfeldig

Et genialt trekk. Flere av de. .Takk

Kanskje et lag i Kongo trenger hjelp? ;)

Oljeprisen er opp 45% i år, mens Zena er ned 16% (mine aksjer er ned 30% siden jeg kjøpte).
Hvordan ville aksjekursen vært uten stigende oljepris?
Jeg har ikke satt meg særlig inn i selskapet, men sitter med en følelse av at her er noe som ikke lukter helt bra.
Hva sier Herman?

No point to sell below 0.10, it just tactics to buy cheaper. Hidden order at 0.0988 10T

Er det noe poeng å kjøpe under 0,10 da?

Tja, godt spørsmål. I min verden vinner regnskap alltid til slutt, men tiden det tar kan variere utrolig mye. Det viktigste er at energi prisene er høye i lang tid og at pengene ikke blir sløst bort.

Med dagens olje og dollar kurs, skal olje salget i juni 2022 på ca 52.000 fat olje, utgjøre en inntekt på ca kr 57.177.432. Det er ca kr 10 mill mer siden forrige olje salg, kun fordi olje pris og dollar har steget. Det er mye penger for et selskap som er priset til kr 173 mill

Jo, men 100 mill i nye lån siste mnd er mye det også, når det eneste en får er sponsing av av en slags klubb. Heia Sæbø!

Rart det ikke børsmeldt.