Zenith Energy - Oljen priset til usd 1 pr fat?

Frodon
ZENA 29.04.2022 kl 12:56 175549

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=
Viking_I
27.06.2022 kl 09:37 3724

Do not forgot $6 million from oil sale on the way in next 3 days.
Slettet bruker
27.06.2022 kl 09:53 3698

Nå må AC våkne før gamlehjemmet tar han.

Han babler i vei om 12-20.000 boe/d og så sliter vi med å oppnå 1000 boe/d.

Fakevenues
27.06.2022 kl 09:56 3701

Nesten litt sånn 'The trill is gone'-stemning nå.
Billyjojimbob
27.06.2022 kl 09:57 3712

Fint med rebajas for de som bygger volum,hugs på hvor fort det gainer når det skjer noe substansielt.👍
Slettet bruker
27.06.2022 kl 10:13 3697

Norsk børs opp 2% ZENA ned 1,7% med en stigning i olieprisen på 3% forklar meg!
kokkohill
27.06.2022 kl 10:15 3696

OSE en jallabørs ?😜
Slettet bruker
27.06.2022 kl 10:22 3680

12-20000 boe/d forutsetter noe mere.
Med Congo / Nigeria kan det bli virkelighet

SLK lisensen går ut i år og Zenith kan miste den selv om
jeg tviler på det. Det er for mye rot i Tunisia så mest sannsynlig
fortsetter alt som før til neste år.

Hva som skjer med strømproduksjonen i Italia, Ezzaouia og El Bibane
er også intressant å følge med på

Utålmodig investorer bør finne noe annet leke med
Slettet bruker
27.06.2022 kl 10:26 3680

Stigende oljepris har begrenset nytte med mindre du har noe å selge idag.
Fakevenues
27.06.2022 kl 10:33 3653

Ezzaouia lisensen er ikke fornyet.
Når det gjelder å sette i gang på hva de har blitt lovet, så har de jo også blitt 'lovet' Tilapia II iflg 'Successful bid for Tilapia II' & 'Successful completion of IPU in Congo'
Viking_I
27.06.2022 kl 10:42 3663

Zenith already sold EZZ oil 2 times in last 1 year so stop useless comments.
Italia electricity and EZZ, SLK, EBB and ROB-1 production defending value above kr 0.68 with current oil price.
AC should come with share purchase program now.
Redigert 27.06.2022 kl 10:46 Du må logge inn for å svare
Fakevenues
27.06.2022 kl 10:50 3635

Zenit has also received a payment for oil from Tilapia
"oil production produced during the now expired Tilapia I licence by AAOG Congo"
https://newsweb.oslobors.no/message/540297
Viking_I
27.06.2022 kl 10:53 3613

Yes because Zenith had Tilapia I license until July 2020 from period after AAOG took over.
Any how I have increase shares up to 27 million in different accounts. Because I can see big upswing soon oil sale in 3 days and $12 million in account. Cash is king now.
Redigert 27.06.2022 kl 10:57 Du må logge inn for å svare
Allroad18
27.06.2022 kl 11:01 3686

Små volum hele dagen, hele uka , hele måneden. Dersom seriøse aktører vil inn, så kjøpes det på større volum, og om seriøse vil ut, så selges det også på større volum, bare en tanke....
Slettet bruker
27.06.2022 kl 11:27 3655

Skulle ikke zena ha over 2-3000 boe/d i utgangeb av 2021? Eller var det mer?

Vet de er langt langt bak målsetning på tidsperspektivet deres.

Noe større felt får de nok aldri. Dead case for meg.
Konjagi
27.06.2022 kl 12:02 3588

Takk, og farvel. Lykke til
BMU
27.06.2022 kl 13:04 3549

De har vi lært i løpet av dise årene at successful bid og successful completion var ,,litt" forskjellig ting.
MarketGunsling
27.06.2022 kl 13:10 3539

I agree that AC has learned from the past, or maybe has been burnt a little bit in the past, by sharing his timescales with us on what he thinks will happen and has then been criticised for this when there are delays. However, this is the nature of deal-making – what is one position today may not be the same position tomorrow. I think that he has ben more open and honest with us than most CEOs are with their shareholders and we should be grateful for this.

Iat the risk of endlessly repeating myself, I think that an investors conference call as soon as possible would be an extremely good thing. I am absolutely convinced that AC has not just been sitting around and doing nothing while the ROB-1 workover was being completed and he has been busy doing what he always does which is making deals. I would just like him to share with us what he is working on as I think that it would set all our minds at rest. I do not believe for a second that all that is going to happen between now and ROB-3 in November is that we are going to wait round waiting for news on Tilapia and having re-read my notes from the last ICC I would be incredibly surprised if we don’t get news of another deal between now and then.

The reason that I now believe this is that I have reminded myself that In the last ICC AC said:

1,.“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. “
2,.“There are also possibly other acquisitions in Tunisia but our initial strike took all of the small and easily available assets and so we prefer to focus in other jurisdictions where we can complete deals more quickly.

3,.“ We are already in negotiation of 5-6 Nigerian deals and 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 (transactions between private companies) and that can be brought to productions quickly. However at the same time this is Africa . For example 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. Note that this is not the only opportunity that we have and we have many many good opportunities.”

4. “July 2021 AC mentioned that they company was looking for big assets that might enable the company to increase 10-15 times in size – 2022? At the moment we are in two negotiations of this size. They are not yet at an annoucneable stage but we have developed new avenues in new countries that were not previously knows.”
Billyjojimbob
27.06.2022 kl 13:28 3506

Denne aksjen er uavhengig av alt utenom gode nyheter,kjøpersiden bestemmer og mange blir fintet ut før haraballet starter for fullt.
Slettet bruker
27.06.2022 kl 13:33 3492

Deja vu. Faktume er att de som har blitt fintet ut har nok satset hardt på andre oljeaksjer og tjent penger 🤭
TheLondonOiler
27.06.2022 kl 13:58 3471

Not necessarily, most of my other oilers are down significantly, in fact zenith is my only stock that has stabilised at bottom at a good price. Of course with any hint of a new asset or a ramp in production the price will rapidly move upwards. Buy and hold at current levels in my humble opinion.
Slettet bruker
27.06.2022 kl 14:18 3448

Kan ikke være mange som på tror lenger på det som skrives her. Samme jalla ballet som forleden år, i fjor og år. Sikkert i 2023 også. Det eneste som materialisert seg er nye lån og utvanning av aksjonærer.

Før i verden hadde vi canargo tøsa i fra tiblisi, og det er nok ikke lenge før zenith tøsa dukker opp igjen. Blir mer og mer overbevist om at dette er er et nytt canargo case.

Har zenith olje å selge i juni?
BMU
27.06.2022 kl 16:34 3295

Her trenger man ikke å følge me børsen, hver gang de er noe positivt forhåpning så er de 4-5 forumer som starter om dagen, når stemning blir noe lavere og forhåpninger blekner bare en med mange forskjellige meninger.
Men som Mandela har sakt :It always seems impossible, until it is done.”
og jeg vil ha sakt :Everyone says is impossible to do it, until somebody does.
- Når nesten hele verden sto stile helsevesen og Zena (AC) jobbet.
Redigert 27.06.2022 kl 18:09 Du må logge inn for å svare
kokkohill
27.06.2022 kl 19:14 3154

Du får det sagt😜
TheLondonOiler
27.06.2022 kl 23:23 2954

Exactly the naysayers say it will never happen until it actually does, then they will twist another story. We have a lot to look forward to and as BMU puts it little patience is required, when it comes the price shall rise very swiftly.
Slettet bruker
28.06.2022 kl 00:44 2879

Kom med noe konkret, og ikke det j***a jammere som har vært spredt her inne i årevis.
Gullit
28.06.2022 kl 06:39 2807

Da får vi se om oljesalg blir noe av denne måneden, Merk att det kun er sagt forventes! Mangen blir helt besatt av tidspunkt her, ingenting er spikret før hammeren beveger seg:

Et andre internasjonalt råoljeløft for en mengde på minst omtrent 52.000 fat olje produsert fra selskapets 22,5 prosents andel i Sidi El Kilani-konsesjonen forventes å skje i juni 2022, heter det videre i meldingen.
Slettet bruker
28.06.2022 kl 07:29 2762

Skal du være snekker så må det forventes at du treffer spikeren!
Gullit
28.06.2022 kl 08:11 2691

Hvem tror AC spikrer de rette spikerne i år? Er vi fornøyde der vi er nå? Vi selger jo olje og strøm som tilsvarer mer enn mcap.. vil vi inn i Nigeria med alle de usikkerhetene som er der? Tenker det er lurt av firmaet å ikke hoppe på noe sjansespill. Tålmodighet og sakte økning i Tunisia er nok veien å gå. Italia delen er under behandling.Tilapia er det vel andre som råder over. Forstår att mange vil ha raske penger, men husk att Zenith er blitt en stabil pengemaskin sett i lys av markedsverdi.
TheLondonOiler
28.06.2022 kl 08:54 2617

Gullit great post, people want quick money, the money is coming in with zenith and it is coming more and more as time goes by with legitimate quality assets. Nigeria would have been a bad move right now and happy we didn’t go for the asset. As for loomis it’s clear as day he has sold and wants a re-entry as he will twist anything to cause uncertainty. The fact is we are expected to receive millions of dollars whilst ramping production in Tunisia and electricity sales in Italy. Of course when Tilapia comes that’s when the fireworks begin and price will multibag.
Viking_I
28.06.2022 kl 09:08 2589

Robbana reserve with Zenith until 2033 and in next 10 years how much oil they can extract from it depends on Zenith. Good thing with Zenith is Instead of running behind unproven reserve here we know 100% oil is in Robbana , El Bibbane , SLK and EZZ. its time and Companys will how much oil they can take out from reserve.
Viking_I
28.06.2022 kl 09:57 2503

some one trying to keep course down to enter cheap. Remember Oil sale worth $6 million is within next 2 days.
Computum
28.06.2022 kl 10:05 2479

"some one trying to keep course down to enter cheap."

Please explain how they do that. Until I see a good explanation I consider that kind of assertion as nonsense.
Viking_I
28.06.2022 kl 10:19 2456

I think you are new to zenith, here starting selling after price reach 0.1034 before it was quiet now someone sold 2 million around 0.1 so people will get panic and sell.
some positioned around 0.0980 with hidden volume to buy it.
There is no change in production is steady around 450 to 500 bopd and approx. $53000/ day this defend share price above kr 0.20 with Italy electricity production and $12 million oil sale money company is debt free now.
Redigert 28.06.2022 kl 10:23 Du må logge inn for å svare
MarketGunsling
28.06.2022 kl 11:47 2326

We know that the company has oil to sell as they sold $6.4 million worth of oil in April and were paid for this in May. This uplift and the announcement of the payment terms was made in the April 22nd RNS. If there had been any issue with this payment being received then the company would have had to issue an announcement about it so they have definitely received the money.

In the same April 22nd news release the company also announced that they would have approximately 52,000 barrels to be uplifted from their 22.5% interest in SLK and that this uplift was expected to take place in June. At today’s $117 price then this should be worth $6 million.

However, before we get obsessed with timescales I think that it is worth remembering that the company put in the word “expected to take place in June 2022” so it is not a date that is absolutely set in stone. As I have posted on here before my feeling is that this is likely to be delayed because of the mess of public servant strikes going on in Tunisia at the moment https://www.nytimes.com/2022/06/16/world/middleeast/tunisia-union-strike-kais-saied.html If any of the officials who were meant to be involved in the organisation and approval of the shipping on the SLK oil have been on strike (which seems likely to me) then this shipment is definitely going to be delayed.

However, one thing is certain. We have already sold $6.4 million worth of oil from Tunisia this year and we have another 52,000 barrels worth that is due to be sold imminently. So the company is definitely making money out of Tunisia.
Viking_I
28.06.2022 kl 11:59 2306

Shipping La Skhirra (tunisia) running normal and almost 2 or 3 lifting happening from the port.
Viking_I
28.06.2022 kl 12:00 2336

unable to access as it is for UK investor only, paid article.
Redigert 28.06.2022 kl 12:03 Du må logge inn for å svare
Galv
28.06.2022 kl 12:04 2334

Hi viking
I think no panic sale - in Norway many need extra mony - holiday - maintaince holiday place and more.
I still have 10 m + Zenith share.
Yes it was the best to reduze - all other up 4-8% in my locker.
Now all stock in locker an we will see what Ac do in august - good summer holiday😎😎😎