Zenith Energy - Oljen priset til usd 1 pr fat?

Frodon
ZENA 29.04.2022 kl 12:56 176616

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=
SebRiberac
24.06.2022 kl 15:49 3300

My personal view is tilapia or a similar large scale asset will be purchased during that time.
Slettet bruker
24.06.2022 kl 15:43 3312

Foreløpig bekksvart!

The Company is of the view, in consideration of the well's age and condition, that any significant change in the production parameters would risk compromising ROB-1's structural integrity and long-term productivity
Computum
24.06.2022 kl 15:35 3321

Fantastisk aksje. Er det fremdeles lys langt framme i tunellen?
Gullhaugen
24.06.2022 kl 15:29 3332

Jeg tenker at han aldri har hatt kontroll i afrika men en drømm som brast da olja snudde fra 20 til 120 dollar.
Slettet bruker
24.06.2022 kl 15:03 3363

Vi kan ikke vite om de som solgte var fornøyd eller ikke.
Vi kan har heller ikke vite om de måtte selge eller ikke ...


Pr idag har Don AC styringa i Afrika selv ham sikkert hadde
ønsket seg en større produksjon.

ROB-1 er tilbake i produksjon ...

Hva som skjer med EZZ-18 og strømproduksjonen i Italia er neste
Gullhaugen
24.06.2022 kl 14:35 3378

Det syntes ikke de som solgte. Har AC mistet styringen i Afrika
Skalleknarp
24.06.2022 kl 14:26 3380

Yes, but anyway we got 30 - 50 b/d extra... until November 2022...
MarketGunsling
24.06.2022 kl 14:22 3375

It is not so much good control of costs (though this does appear to be there) as the company reaping the benefits of the excellent acquisition work that was done during the pandemic in acquiring assets that are producing oil.

What AC did then that was very impressive was to seize the opportunity when the oil price was low and the agenda was all about decarbonisation and acquire assets for almost nothing from distressed competitors. The company is now reaping the rewards of this strategy.

Although it is incredibly frustrating to have this apparent dead-period in front of us between now and November where there seems to be nothing to do other than wait for Tilapia news imagine how bad the situation would be if we did not have our Tunisian production assets. The worst case at the moment is that each month that goes by with nothing happening the company still nets $1 million in revenue. If we were back in the days of Azerbaijan with almost no production the company would be constantly issuing shares to keep itself alive and pay the day to day costs. Instead it makes more money every day.

Also, although I talk about a dead-period in front of us at the moment, this is simply where we are today as we do not know what is happening. I am certain that AC is not just sitting around and doing nothing for the next four months but shareholders need to know from him exactly what he is doing as sharing his plans and the timescales for them would help restore optimism and give new investors a reason to buy into the company. It would not surprise me at all of the Rob-3 drill has been delayed because he has something else up his sleeve for the summer but we need to know this. Hence the urgent need for an Investors Conference Call.
Skalleknarp
24.06.2022 kl 13:58 3437

In other words good control of costs as long as oil/gas/energy prices stay high.
Frodon
24.06.2022 kl 13:54 3438

Det var kanskje ikke mulig å vite dette på forhand, selv om de har hatt mye problemer med denne brønnen? Også er ROB-3 utsatt til november. Ingen nyheter om Lucian, som skulle vært igang i mai 🙄 Noen få dager igjen av juni, så da kommer det forhåpentligvis mld om olje salget 💪
Slettet bruker
24.06.2022 kl 13:07 3559

Det var to handler på 250k aksjer til kurs 0,0950
De kan være gode kjøp
MarketGunsling
24.06.2022 kl 13:06 3551

There is no denying that the ROB-1 results are disappointing and not what we were hoping for. The only plus side is that the high oil price means that even 30 barrels of oil today is still worth almost $1 million a year in net revenue to Zenith. If they are able to increase this to 50 bopd as they describe in the RNS then this will improve to $1.5 million.

However, really the production at Rob-1 is neither here or there for Zenith at the moment. It brings total production up from 422 bopd to 522 bopd but this only increases net revenue from $13 million to $14 million (gross from $16.9 million to $18.1 million). Although the loss of the extra $2million per annum that we would have earned if we had got production at Rob-1 back up to 100bopd is definitely a blow it does not significantly damage the company’s prospects or indeed its financial situation. We are still generating more than enough money to cover all of the company expenses and service very significant debt if we were to need it to acquire a new asset or to develop Tilapia once the license is finally granted.

The news that Rob-3 is being put back until November is much more disappointing as the extra 200 or so barrels that they think that they could generate from this would have been an additional $6.2 million net ($8 million gross) which would have been a significant increase to company finances. I was expecting a delay to the drill because of the economic problems in Tunisia and also the issues that the country has been having with the public sector striking all of the time, but not drilling until November when it was originally meant to be in June is a very long delay. I would be very interested to know what the reasons behind this would be – which is all the more reason for an Investors Conference Call. I have not heard anything back from the company from my last messages about this yet but I will chase them again.

The big question is with Rob-3 and presumably Ezzaouia too being delayed until November what exactly is the company going to be doing over the next 4-5 months? We are in a pretty good position compared to many other mosquitoes in that we have production assets that continue to generate $13 million a year regardless of whatever else the company is doing but we need some more significant news to drive the share price up if you ask me.
Skalleknarp
24.06.2022 kl 13:01 3577

Ja, ble nesten litt overrakset. Ut fra det som stod i FA skulle en tro at dette var en glad nyhet.... Det ble vel for liten b/d flow... Ikke noe som berger OPEC's leveranser for å si det på den måten...
Slettet bruker
24.06.2022 kl 12:50 3610

Jeg skriver mye her, og har mye rett i mine skriverier for et kortere bilde.

I dag ville jeg kjøpt aksjer da det er sannsynlig at siste skulder etableres.

Dog har jeg intet ansvar om det også er bullshit!
SebRiberac
24.06.2022 kl 12:45 3628

This will move up significantly if we use money on purchasing a solid new asset until then we will gradually increase production in Tunisia and electricity in Italy. Until then we won’t see the multi bag price movements. However I am Confident tilapia will be signed off soon.
Konjagi
24.06.2022 kl 12:42 3633

Ser det er de samme dramaquenns som sitter kontinuerlig her på forumet og kommenterer.Med dagens omsetning og de oppskytte mengder av aksjer disse eier, er disse skriveriene og truslene bare luftige slag
Allroad18
24.06.2022 kl 12:28 3691

Men det er sikkert noen som vil selge før de går ut i ferie...
Allroad18
24.06.2022 kl 12:18 3718

Lavt volum, så denne går opp igjen snart, bare noen øretrillere som leker seg. Takk for flere aksjer under 0,10 folkens !
Viking_I
24.06.2022 kl 12:15 2523

people forgot about oil sale within next 4 working days oil production will increase ROB- 1 in coming days.
Skalleknarp
24.06.2022 kl 12:05 2249

Registrerer at det er blandede meninger om meldingen om ROB 1 nå produserer 30 b/d (Mulighet for 50 b/d). Kursmessig ser det heller ikke så optimistisk ut pt. med et fall på over 8%... (Årsmessig er dette ca. NOK 18 mill....la inn i prognoses 40 b/d - oljepris $ 100) Uansett - Hva det kostet å få til dette vil regnskapet vise...God helg.
Redigert 24.06.2022 kl 12:07 Du må logge inn for å svare
Aldara
24.06.2022 kl 12:01 2262

Det er vel en runde ned igjen nå da?? !"#¤¤¤#"
Slettet bruker
24.06.2022 kl 11:51 2256

Sånn er livet!

Uten respirator så er det der et dødsfall. Om repiratoren virker om 10 år, så kan zena melde at di "lifted" 100 000 nye fat med oil.

På tide med ny strategiplan?

Frodon
24.06.2022 kl 11:27 2283

Nå må Zena huske å melde økningen i olje produksjonen til OPEC 😅
Slettet bruker
24.06.2022 kl 11:10 2300

Var ikke mye å rope hurra for her.
30 boe/d

ROB-03 ytterligere forsinket.

Nå må selskapet klare å få avklart om de har noe i SLK og Tilapia å gjøre.
Gullit
24.06.2022 kl 11:09 2289

Kjempe om de kommer i gang med rob3 !! Fremtiden ser lysere ut enn på lenge😀
MarketGunsling
24.06.2022 kl 11:04 2281

Announcement out. Only 30 bopd from ROB-1

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, provides an update on operational activities in the Robbana concession ("Robbana"), located onshore Tunisia.

Robbana-1 well ("ROB-1")

The Company can confirm that ROB-1 has successfully been returned to production following the installation of a new packer supplied by Weatherford and the previous determination of major corrosion in the casing being the cause of water ingress in the wellbore.

ROB-1 is currently producing at a rate of approximately 30 barrels of oil per day ("BOPD") with the installation of the recently acquired new Weatherford sucker pump. It is the Company's expectation that a production rate of between 40-50 BOPD might be achieved once the well is given additional time to stabilise.



The Company is of the view, in consideration of the well's age and condition, that any significant change in the production parameters would risk compromising ROB-1's structural integrity and long-term productivity.

Robbana-3 well ("ROB-3")

As previously announced, the Company has selected the well location for the drilling of ROB-3, a new well that will reach a total target depth of approximately 2,500 metres, following an in-depth geological and reservoir review enhanced by new information obtained during the workover of ROB-1.



Civil works are expected to begin during the month of September 2022, with a commercial tender for the selection of a drilling services contractor to be conducted during the coming months, alongside completion of the necessary local approval process in accordance with applicable Tunisian legislation.

Drilling activities are expected to commence in November 2022, following the mobilisation of a drilling to the well location.

The necessary long-lead items have already been acquired and are being held in storage by the Company and funding for ROB-3 is expected to be obtained by way of the Company's existing cash reserves.

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:



"We are pleased to have now successfully completed all work at ROB-1, acquiring top-level equipment within strict budgetary parameters. In the current high oil price environment, approximately 30 BOPD from ROB-1 represents a relatively significant source of revenue generation, with the potential to increase as the well is given more time to stabilise. Similarly, we are pleased to have successfully been able to restore production by way of the second well intervention which was necessary to remove water ingress in the wellbore.

Our attention will now turn to drilling ROB-3, having obtained valuable insights about the formation by way of our work in ROB-1. Our geological and reservoir studies have been further refined and it is important to recall that third-party geophysical analysis suggests that the Robbana concession has likely only produced 4.35% of its estimated reserves to date.1 This gives us confidence in the future production potential of Robbana through the ROB-3 well which will be drilled later this year.



Our objective for Robbana is to reach a daily production rate of approximately 200-250 BOPD, which would represent the achievement of approximately a tenfold increase in daily production from the concession since it was acquired by Zenith.



"The team continues to work on several fronts with confidence, and we look forward to updating investors in due course regarding our potentially transformational progress during 2022."
Herbius
24.06.2022 kl 09:46 2357

Melding kommer, når melding kommer👍

TTT især i denne branche 😴
Redigert 24.06.2022 kl 10:07 Du må logge inn for å svare
SebRiberac
24.06.2022 kl 09:22 2398

exactly, all is to plan, just patience required and then the price will adjust accordingly.
Hektor
24.06.2022 kl 09:08 2423

Zenith har jo allerede børsmeldt at de skal være i stabil produksjon før den 18 juni med Rob-1. Rapport kommer nok innen et par dager. Hadde det vært utfordringer skulle det vært børsmeldt.
Slettet bruker
24.06.2022 kl 07:01 2574

Kl 08 bør de klar å få ut en børsmelding.
Om så det bare er en call i juli
BMU
24.06.2022 kl 00:49 2665

Jeg har skrevet bode på engelsk og på norsk, men ingen av skriving er min sterke side. Når Jeg har hat problemer me å utrykk meg på en riktig måte har utvekslet fra den ene til den andre språket får å ikke bli misforstått . Jeg trur at budskapet , erfaringer og meninger var mer viktig en språket som velges (kan) brukes i forumet så lenge alle kan den til en vis grad.
Personlig aldrig har tenkt eller trur at noen av andre en ås aksjonerer som leser dette,og alltid har tenkt:
Vi er på same båt men vi padler alle i hver vår retning, men ingen av ås har styringen eller kan den...
men alle har ett mål å nå fast jord (fast grund)
Dette er utfårdene i soner tider som kalles på engelsk : limbo time (trur Jeg).
Slettet bruker
23.06.2022 kl 23:03 2773

Selv mindre oppgraderinger kan lønne seg med dagens strømpriser.
Frodon
23.06.2022 kl 22:14 2835

De hadde kanskje en plan om en større oppgradering på sommeren, når strøm prisen var lav. Men med dagens priser, er det bare å produsere så mye som mulig
Slettet bruker
23.06.2022 kl 19:01 2997

Slapp av folkens. Det var bare ned 0,18% i dag. Skjønner at folk er sliten og lei.

Meeeen, i morgon, i morgon......

Fakevenues
23.06.2022 kl 18:12 3042

@loomis
Når noen begynner å ta '?' personlig, så bør kirkeklokkene begynne å ringe.
Slettet bruker
23.06.2022 kl 18:05 3055

Jeg tror Zenith må stoppe strømproduksjonen hvis en større oppgradering skal utføres.