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=
SebRiberac
20.06.2022 kl 17:35
4526
The awaited tilapia news will come, listening to scaremongers with motives is pointless, simple hold when the news comes the price will move up very quickly, then you would have wished you kept your stock.
Oil Tanker in LA SKHIRA so waiting for update from Company.
https://www.vesselfinder.com/vessels/POLYAIGOS-IMO-9306574-MMSI-240681000
https://www.vesselfinder.com/vessels/POLYAIGOS-IMO-9306574-MMSI-240681000
Gullit
20.06.2022 kl 15:34
4663
Bare å ta det med ro.. forventede tidspunkt vil ikke si det kommer den datoen. Når det gjelder congo så ligger mye i kortene att dette løser seg nå.. heng med videre Zenitere.
Hektor
20.06.2022 kl 15:08
4711
Les innlegget til MG, er ingen andre oljemygg selskaper på listen heller.
SebRiberac
20.06.2022 kl 14:47
4708
I think AC learnt from Azer to diversify and never keep your eggs in one basket.
MarketGunsling
20.06.2022 kl 14:30
4686
Well we must expect the update on Rob-1 today or tomorrow at the latest as, according to the RNS from May 31st they were expecting that stabilised production should have been achieved by Saturday.
As for Rob-3 and EBB-3, I expect that we will get news on these by the end of the month but as I have said before, personally I wonder if that might not be a better expenditure to do some further development of the Italian gas assets rather than doing Rob-3 of the Ezzaouia workovers at the moment. This would have the advantage of meaning that we increased our production of gas alongside the oil production and were therefore in a position to take the benefits from increases in both commodities. It would also mean that we would start to solidify a large revenue stream in a stable European country. $15-20 million revenue a year from Tunisia is great but if we were able to get an additional $10 million revenue from Italy by spending a similar amount of money that it would take to get an additional $10 million of revenue in Tunisia then it would be better to spread the risk. It can never do any harm to have your assets evenl y spread over multiple jurisdictions if you ask me.
As for Rob-3 and EBB-3, I expect that we will get news on these by the end of the month but as I have said before, personally I wonder if that might not be a better expenditure to do some further development of the Italian gas assets rather than doing Rob-3 of the Ezzaouia workovers at the moment. This would have the advantage of meaning that we increased our production of gas alongside the oil production and were therefore in a position to take the benefits from increases in both commodities. It would also mean that we would start to solidify a large revenue stream in a stable European country. $15-20 million revenue a year from Tunisia is great but if we were able to get an additional $10 million revenue from Italy by spending a similar amount of money that it would take to get an additional $10 million of revenue in Tunisia then it would be better to spread the risk. It can never do any harm to have your assets evenl y spread over multiple jurisdictions if you ask me.
Galv
20.06.2022 kl 13:14
4735
I do not understand why no info from AC like investor call.
If AC do not come with progress problem they have and futher progress. I am afraid old shareholder sell out - AC is paid to do A job for shareholder today .i Hope viking or one off the other big shareholder will send A email and push.
If AC do not come with progress problem they have and futher progress. I am afraid old shareholder sell out - AC is paid to do A job for shareholder today .i Hope viking or one off the other big shareholder will send A email and push.
Gullhaugen
20.06.2022 kl 13:10
4697
Hva om dette ikke går veien for Zena Congo? Merkelig at de ikke er på listen.
AC should give progress in what is in his hand, Like ROB-1(100bopd ), ROB-3 (200bopd), EBB-3 (600bopd) well work over & SLK rearming part these all can take Zenith above 1400 bopd which will be good production is in current scenario.
MarketGunsling
20.06.2022 kl 12:44
4753
I agree with Furuen, there is nothing about Zenith in that article, but nor would I expect there to be as I cannot find anything in those minutes that mentions any new licenses being discussed. All of the information there, both from the Ministry of Hydrocarbons and the Ministry of Mining, relates to discussions that have been had about amendments to existing licenses and extensions of the same.
Therefore, this is clearly not the forum in which new licences are discussed and there is nothing for us to worry about. If there were a whole load of brand-new oil licenses being allocated to other foreign companies within these minutes then there would be reason for us to panic but since there is no mention of any such thing then we should keep calm.
It is frustrating for all of us about the apparent lack of progress that is being made on the T2 license but I think that in this circumstance “no news is good news”. If we recall back to this time last year then there were often articles in the Press such as Africa Intelligence talking about the bad relationship that Zenith had with Teresa Goma and how the license was unlikely to be granted. Now there is nothing like that and so we have to assume that all is going smoothly, if slowly.
We should also remember that in the last Investor Conference Call IC said this: “I know that sometimes our shareholders are frustrated with how long it takes between talking about a deal and then completing it but in Africa time is very difficult and there is nobody about (our size) who is completing transactions quicker than us. Zenith is a very aggressive company but we do things above board and so we are not worried about falling foul of authorities. This means that we cannot speed up African bureaucracy but our solution is to have multi-pronged deals in process so when one is stalled then others are in progress. I am very confident in the success of our ongoing transactions or I would not have bought 40 million shares the other month.”
Frustrating as it is, we just have to wait and not get spooked at things like these minutes or we will spend the whole time panicking.
Therefore, this is clearly not the forum in which new licences are discussed and there is nothing for us to worry about. If there were a whole load of brand-new oil licenses being allocated to other foreign companies within these minutes then there would be reason for us to panic but since there is no mention of any such thing then we should keep calm.
It is frustrating for all of us about the apparent lack of progress that is being made on the T2 license but I think that in this circumstance “no news is good news”. If we recall back to this time last year then there were often articles in the Press such as Africa Intelligence talking about the bad relationship that Zenith had with Teresa Goma and how the license was unlikely to be granted. Now there is nothing like that and so we have to assume that all is going smoothly, if slowly.
We should also remember that in the last Investor Conference Call IC said this: “I know that sometimes our shareholders are frustrated with how long it takes between talking about a deal and then completing it but in Africa time is very difficult and there is nobody about (our size) who is completing transactions quicker than us. Zenith is a very aggressive company but we do things above board and so we are not worried about falling foul of authorities. This means that we cannot speed up African bureaucracy but our solution is to have multi-pronged deals in process so when one is stalled then others are in progress. I am very confident in the success of our ongoing transactions or I would not have bought 40 million shares the other month.”
Frustrating as it is, we just have to wait and not get spooked at things like these minutes or we will spend the whole time panicking.
SebRiberac
20.06.2022 kl 12:19
4829
Where is the link to this announcement can you post it here please?
Furuen
20.06.2022 kl 11:54
4797
"Listen over alle de 30 endringene, som gjelder selskapene TotalEnergies EP Congo, ENI Congo S.A. og Perenco Congo/Congorep, er vedlagt denne rapporten fra Ministerrådet."
Skulle vel være tydelig dette?
Ingen ting om Zenith der.
Skulle vel være tydelig dette?
Ingen ting om Zenith der.
Redigert 20.06.2022 kl 11:54
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Fakevenues
20.06.2022 kl 11:41
4800
"La liste de l’ensemble des 30 avenants, qui concernent les sociétés TotalEnergies EP Congo, ENI Congo S.A. et Perenco Congo/Congorep, est jointe en annexe du présent compte rendu du Conseil des Ministres."
Barneskirenn
20.06.2022 kl 11:32
4831
Men av den teksten, så virket ordlyden som at de 30 tillatelsene omhandlet bare selskaper som nevnt, f.eks; Eni, Total, Perenco etc..
Eller er oversettelsen min på jordet?
Eller er oversettelsen min på jordet?
Gullit
20.06.2022 kl 11:14
4865
SebRiberac skrev Maybe it will be tomorrow? That’s what investing is.
Er så mange triggere her nå. Ville på ingen måte stått utenfor i disse dager.. tenker denne uken gir noen svar..
Fakevenues
20.06.2022 kl 11:05
4863
Minutes of the Council of Ministers of Friday, June 17, 2022
"Invited by the President of the Republic to speak, Mr. Bruno Jean Richard ITOUA, Minister of Hydrocarbons, presented thirty (30) bills approving permits operated by various oil companies."
Når listen ikke er lagt ut enda, så er det ikke godt å vite hva den inneholder.
Om noe/noen er helt avgjort eller om alt skal innom Parlamentet vites heller ikke.
"Invited by the President of the Republic to speak, Mr. Bruno Jean Richard ITOUA, Minister of Hydrocarbons, presented thirty (30) bills approving permits operated by various oil companies."
Når listen ikke er lagt ut enda, så er det ikke godt å vite hva den inneholder.
Om noe/noen er helt avgjort eller om alt skal innom Parlamentet vites heller ikke.
Redigert 20.06.2022 kl 11:08
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flingaas
20.06.2022 kl 11:01
3719
Det har gått halvannet år uten en lyd fra Kongo. Nå har det endelig begynt å bevege seg litt der nede, og AC skal tale på konferansen i november. Man får ikke langt bedre fremtidsutsikter enn dette uten at kursen flyr i taket.
Skalleknarp
20.06.2022 kl 10:57
3719
Det blir vel forbudt å selge biler med brennstoffmotorer før det skjer noe positivt med ZENA kursen - bare å konstatere TTT.
Redigert 20.06.2022 kl 10:57
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Billyjojimbob
20.06.2022 kl 10:45
3759
De som bommer på inn/utgang hver gang er alltid skuffet.De som treffer kan meske seg med kjøpebrennevin&andre godsaker👍🇧🇻🍻😁
Furuen
20.06.2022 kl 10:41
3780
Man kan si hva man vil, men til nå har Zena vært som en kommode: SKUFF for SKUFF for SKUFF.
Konjagi
20.06.2022 kl 10:35
3802
Sikkert lurt å lese seg litt opp på offisiell informasjon, før man skriver noe her.
Ad som tror på oljesalg nå i juni?
Har zena olje å selge?
Det skulle selges 100 000 fat i månedsskifte mars/april, det ble solgt halvparten.
Kansje det blir next months or next year?
Har zena olje å selge?
Det skulle selges 100 000 fat i månedsskifte mars/april, det ble solgt halvparten.
Kansje det blir next months or next year?
Noen som tror på oljesalg nå i juni?
Har zena olje å selge?
Det skulle selges 100 000 fat i månedsskifte mars/april, det ble solgt halvparten.
Kansje det blir next months or next year?
Har zena olje å selge?
Det skulle selges 100 000 fat i månedsskifte mars/april, det ble solgt halvparten.
Kansje det blir next months or next year?
SebRiberac
20.06.2022 kl 09:53
3909
We have the Drilling of the ROB-3 due to be drilled at the end the month targeting Robbana production of 500bopd. This is fully funded out of the £3 million raised.
We have 2 sidetracks and 3 workovers in Ezzaouia which are also to be drilled at the end of June and are targeting an increase in production of approximately 800bopd. This is also fully funded from the £3 million raising.
And the SNPC still are expected to pay $5.7m once tilapia license granted and also the SMPC $3.1m which will come after the court case. Oh yes we are also expected to sell another 5 million barrels of oil end of this month too. Don’t see any disaster here just a huge rise in the share price.
We have 2 sidetracks and 3 workovers in Ezzaouia which are also to be drilled at the end of June and are targeting an increase in production of approximately 800bopd. This is also fully funded from the £3 million raising.
And the SNPC still are expected to pay $5.7m once tilapia license granted and also the SMPC $3.1m which will come after the court case. Oh yes we are also expected to sell another 5 million barrels of oil end of this month too. Don’t see any disaster here just a huge rise in the share price.
flingaas
20.06.2022 kl 09:50
3910
Ingenting har forandret seg.
Melding om flow i ROB-1 kommer når som helst. Hadde selvsagt håpet at Kongo skulle komme denne helgen, men AC er oppført som taler på energikonferansen før jul, og jeg kan ikke skjønne annet enn at Kongo da må komme på plass før det.
Ting tar tid.
Melding om flow i ROB-1 kommer når som helst. Hadde selvsagt håpet at Kongo skulle komme denne helgen, men AC er oppført som taler på energikonferansen før jul, og jeg kan ikke skjønne annet enn at Kongo da må komme på plass før det.
Ting tar tid.
Yes, and everybody was so positive.
This is a disaster for the company!
Over and out! Sold
Fully loaded in QEC now.
This is a disaster for the company!
Over and out! Sold
Fully loaded in QEC now.
Redigert 20.06.2022 kl 09:46
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Undskyld!
Børsen har gitt svar.
Børsen har gitt svar.
I dag er det den 20 juni. Robben skulle være i produksjon senest 18 juni.
Er det noen som er enig i at det burde foreligge en oppdatering på resultatet?
Er det noen som er enig i at det burde foreligge en oppdatering på resultatet?
Svartsyn
18.06.2022 kl 22:33
4425
Tror faktisk at Zenith Energy skal være med på neste OPEC- møte . Hvilken mnd.e eller år det er vet jeg ikke.
Det går også rykter om at de skal kjøpe opp Equinor.
Jorden er flat som en pannekake og står på 8 påler,nå er 7 råtne.
Det blir spennende å se?
Det går også rykter om at de skal kjøpe opp Equinor.
Jorden er flat som en pannekake og står på 8 påler,nå er 7 råtne.
Det blir spennende å se?
Fakevenues
18.06.2022 kl 22:26
4416
Var inne i arkivet deres og sjekket om listen var der, men det var den ikke.
Mulig at det kan ta litt lengre tid før den havner der, eller at den ikke blir offentlig gjort før den har vært i parlamentet??
Mulig at det kan ta litt lengre tid før den havner der, eller at den ikke blir offentlig gjort før den har vært i parlamentet??
Barneskirenn
18.06.2022 kl 22:19
4393
«After discussion, the Council of Ministers ratified the bills approving the thirty (30) amendments to the production sharing contracts submitted for its examination. These bills will be submitted to Parliament for consideration and adoption.»
Er det nå i juni det er «vinn eller forsvinn» for zenith?
Er det nå i juni det er «vinn eller forsvinn» for zenith?
flingaas
18.06.2022 kl 16:53
4586
"CIEHC is the official platform for the government to share and discuss its vision for the future of the national oil and gas industry with the key stakeholders in the country. Building on the success of the previous editions, CIEHC is renowned as the official meeting place of Congo’s Oil & Gas Industry."
https://oilgascongo.com/
Hvis Zenith skal være en key stakeholder i slutten av, må det naturligvis signeres noen kontrakter før den tid. Mulig jula kommer tidlig i år!
https://oilgascongo.com/
Hvis Zenith skal være en key stakeholder i slutten av, må det naturligvis signeres noen kontrakter før den tid. Mulig jula kommer tidlig i år!
flingaas
18.06.2022 kl 13:25
4643
Mulig dette er gammelt nytt for noen, men AC er oppført som Speaker på energikonferansen som holdes 30. nov - 2. des.
Dette kan da ikke være annet enn et sterkt signal om at Zenith er på vei til å etablere seg i Kongo??
https://oilgascongo.com/speaker/andrea-cattaneo/
Dette kan da ikke være annet enn et sterkt signal om at Zenith er på vei til å etablere seg i Kongo??
https://oilgascongo.com/speaker/andrea-cattaneo/
MarketGunsling
17.06.2022 kl 12:56
4763
I’m excited about the results from the ROB-1 workover. By my calculations (which are based on an opex cost of $25 per barrel and an oil price of $119) then this means that every 10 barrels of oil produced will generate the company almost $350,000 in revenue every year. This means that if we can get back to the 100 bopd level that we were at after the original workover then we will be making an additional $3.5 million per year from Rob 1.
This would bring us back up to 522 barrels of oil per day production in Tunisia:
a) 113 bopd from the 22.5% share of SLK
b) 100 bopd from Robanna post workover.
c) 209 bopd from the 45% share of Ezzaouia
d) 100 bopd from EBB-5 at El Bibane
The revenue on this would be $18 million per annum and we could use this not just to fund all development in Tilapia when the license gets granted, but also to acquire another exploration asset and to fund the development there via debt.
I assume we will hear about ROB-1 on Monday.
This would bring us back up to 522 barrels of oil per day production in Tunisia:
a) 113 bopd from the 22.5% share of SLK
b) 100 bopd from Robanna post workover.
c) 209 bopd from the 45% share of Ezzaouia
d) 100 bopd from EBB-5 at El Bibane
The revenue on this would be $18 million per annum and we could use this not just to fund all development in Tilapia when the license gets granted, but also to acquire another exploration asset and to fund the development there via debt.
I assume we will hear about ROB-1 on Monday.
I am not in board of company so i can give info on price based on number and info given by company. They want they can take course above kr 0.20 with current production, licenses and oil price.
Wow what a raise, we are seeing now! I can’t believe it’s going so well! The news where is incoming has to be a big deal for ZENA 🥱🥱