Zenith Energy - Oljen priset til usd 1 pr fat?

Frodon
ZENA 29.04.2022 kl 12:56 191875

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=
Slettet bruker
04.07.2022 kl 11:54 3797

Snart 2 år siden de fikk godkjent bud på tilapia. Begynner å bli latterlig. Nesten som en skulle tro børsmeldingen er falsk.
Tricky
04.07.2022 kl 11:00 3898

Investor Meeting februar 2022.
Det var meldt en mål/forventning om 2.000-3.000 fad fra Tunisia. Hadde vanskelig den gang å se hvordan det skulle kunne la seg gjøre.
Etter siste melding om Rob 1 i drift samt boring av Rob 3, var det ennå mer vanskelig å se hvordan Zena, skulle nå eller få finansiert en eventuell utvikling slik en mengde komme innenfor rekkevidde.
Den enste mulighet som jeg ser, er man går til en out farming av brønnboring/infra struktur på Robbana å/eller El Bibane, hvor man har 100 % rettigheter.
Det vil i så fall betyde samarbeidspartneren vil få en andel av oljen som man får opp fra disse brønner. Men vel hellere ikke så dårlig, da investering kostnadene faller bort, å Cashen Zena har kan benyttes ved en mulighet som Tilapia elle annet.
Å 50 % av en ytterlig mengde på 3000, vil faktisk gi ca. netto til Zena 2.000 fra de tunisiske eiendeler.
Lurer på om det er nået AC tenker på.
Slettet bruker
04.07.2022 kl 10:53 3911

"We have performed certain maintenance work during the month of May 2022 at Torrente Cigno, and have further work planned throughout this month, with a view to increasing our production during the second part of 2022."
So production will start in normal in July
Average rate of electricity
May - 223 (€/MWh) - 875.6 MWh = €195259 - €35000 = €160259 (Profit )
June - 271,31 (€/MWh) - 875.6 MWh = €237559 - €35000 = €167559 (Profit)
July - 372,54 (€/MWh) -1000 MWh = €372540 - €35000 = €337540 (Profit)

https://www.mercatoelettrico.org/En/Statistiche/ME/DatiSintesi.aspx
Redigert 04.07.2022 kl 10:59 Du må logge inn for å svare
kokkohill
04.07.2022 kl 10:42 3909

25 mill netto pr år av strømproduksjonen i italia er nok til å forsvare dagens kurs, slik jeg ser det. Resten er bonus
-Norseman-
04.07.2022 kl 10:30 3951

Ser de ligger til anker, satser på de får komme til kai snart og starte lastingen.. venter sikkert på innklarering
Liverbirds
04.07.2022 kl 09:43 4025

Hvor mye er det som har blitt meldt, gått over tid og som vi venter på egentlig??? Håpløst
patek5146
04.07.2022 kl 09:37 4020

Ja det er imponerende, hele verdens energi ministre har øjnene rettet mod fader AC, investorer står i kø for at købe aktier, efter 30min handel er der omsat for svimlende 407kr på Oslo børs, ironi kan forekomme🤣🤣
Slettet bruker
04.07.2022 kl 09:24 4060

https://www.vesselfinder.com/vessels/INVIKEN-IMO-9411991-MMSI-636018752
Expecting Tanker going back to Italy from La Skhirra, Tunisia (SLK production Storage)
Last two oil shipment transported to Italy.
Redigert 04.07.2022 kl 09:27 Du må logge inn for å svare
TheLondonOiler
04.07.2022 kl 01:20 4220

I don’t think your wife will care when the share price rises and she can buy her favourite Gucci bag 😂
BMU
01.07.2022 kl 13:09 3752

Yes, en Zena it become between me en my wife and she don't like it that I spend mor time reading an thinking about Zena than her. I keep on telling her that I haven affair with another women but she don't believe me.
Slettet bruker
01.07.2022 kl 11:57 3851

Flott at det leveres høyere prodkusjon! ROB-1 kan også få en økning.


"The Company (ADME) and NHNL informed the Court they are in settlement discussions with a view to resolving the dispute."
Mon tro om det kan bety at ZENA fremdeles er inne i bildet her?
https://www.lse.co.uk/rns/ADME/further-re-barracuda-and-interim-injunction-zpesyfdwjbafzwv.html
"The Company (ADME) and NHNL informed the Court they are in settlement discussions with a view to re..

Nå bør NHNL sette kraftig press på ADEM!

ZENA på vei mot gigaoppgang om Nigeria, Tilapia og oljesalg komme nå!

+ SLK siste 22,5 % + forlengelse på 25 år :)
Redigert 01.07.2022 kl 11:58 Du må logge inn for å svare
Mulla3
01.07.2022 kl 10:56 3944

Skrives mye god info på denne tråden. Takk til de som bidrar.
Gullit
01.07.2022 kl 10:50 3949

Hyggelige tall.. det vil på ett tidspunkt komme mer interesse om Zenith jevnt og trutt generer gode inntekter. Det har de klart en god stund nå.. neste oljesalg kan selvsagt være en liten trigger i så måte!!
Slettet bruker
01.07.2022 kl 10:44 3965

Week 20/06 to 26/06 EZZ production increase to 575 bopd which is 21% more than normal.
I notice there are many week from March which is 20% to 30% production increase than normal rate from EZZ.
Italy Electricity price for June average 270 (€/MWh) and July started with 370€/MWh. significant rise in rate from last 10 days.
Gullit
01.07.2022 kl 10:38 3984

Du lever i en annen verden. Det ble sagt forventet, ingen lovnad i det.. kjedelig att lite formalisere seg, men man må ikke lage ris til egen ræv. På tide å stikke fingeren i jorden og sette pris på alt som nå fungere godt her. Vi levere stabil inntjening og mulighetene for ytterligere vekst vil komme, men det må være på rette premisser!!
gravemaskinen
01.07.2022 kl 09:28 4043

Det bør komme en melding her om kort tid i forhold til oljedalget fra slk som ble lovet i juni... Kan godt komme idag eller mandag, men kommer de Ikke de neste to børsdager begynner det å bli useriøst
Risikovillig81
01.07.2022 kl 09:28 4033

Jeg viser til børsmeldingen 22/04/2022 da de sier at de forventer å selge resten av Oljen i Juni.
Ingen salg har blitt børsmeldt. Her skuffer selskapt litt vil jeg si... håper det kommer ei melding snart eller ei forklaring på hvorfor det ikke er blitt solgt.
Noen som vet noe mere rundt dette her inne?
Er jo snakk om ganske mye penger dette for et selskap som ZENA.

A second international crude lifting for a quantity of at least approximately 52,000 barrels of oil produced from the Company’s 22.5% working interest in the Sidi El Kilani concession (onshore Tunisia) is expected to take place in June 2022.
Frodon
01.07.2022 kl 09:11 4075

Synd de ikke fikk solgt oljen sin før prisen falt igjen, selv om olje prisen fortsatt er sky høy. Men nå Zena har så lav markedsverdi, utgjør det en stor forskjell om de får usd 120 eller 108 for oljen når de selger mye av produksjonen på en gang. Spot pris på strøm i Italia er på full fart oppover igjen
Slettet bruker
01.07.2022 kl 09:09 4068

Mange her inne som får jevnt med følinger. Lavt blodsukker?


Mdg1
01.07.2022 kl 07:43 4172

Ble omsatt aksjer for 150k i London. Det er så lite omsetning der at om noen skal selge for 100k senker de prisen med 10%. Uansett var Rob 1 skuffende, og alt annet drar ut. Det eneste positive er vel at de tjener penger med dagens pris
BMU
01.07.2022 kl 05:03 4256

Well I had feeling in my stomach about Rob1.(200bpd) and I postet her on forum. It turns out it was only gasses !!!. So I don't trust my feelings any more.
BMU
01.07.2022 kl 01:18 4324

I have ben reading and comparing a bit PNOR and ZENA with my limited annals knowledge, and going thru som forums of theres. It seems to me by being a stock holder you can be rich ( it depends haw you define word rich ), in the case of Zena that is more potential on that case. But being rich and standing rich its bit of deference. standen rich its more like being successful and that is the big challenge in investment so in life to.
Slettet bruker
01.07.2022 kl 00:55 4339

0,73 i London.

I morra tar di ut skulderen. 0,08-0,085 på ose.

Da er vi snart ned 50 % fra høyden.

Lykke til!
Hektor
30.06.2022 kl 21:42 4481

Inside info :) ja, kjempeomsetning i dag, not. Slapp av med hausing den ene eller andre veien. Kommer når den kommer.
Slettet bruker
30.06.2022 kl 21:09 4464

Laggo skrev 👍
Skifteretten?
Slettet bruker
30.06.2022 kl 20:02 4542

Ha noe gravøl i bakhånd så blir en eventuell skuffelse lettere å håndtere ...

Skål ...
Gullit
30.06.2022 kl 17:58 4438

Sitter med følelsen selv, skjer noe imorgon.. kjøpt inn sprudlevann. Imponerende om det kommer godmelding. Da er firmaet potte tett
Herbius
30.06.2022 kl 16:26 4493

Det er sku da bare snak lige meget hvad 🤮🤮🤮🤮🤮🤮

Der kan komme en nyhed i morgen eller om en måned 😳😳

Hvis kursen var gået 20-30 % havde jeg troet 50 % det 🧌
Domus
30.06.2022 kl 16:01 4531

Er vel fornuftig å la dette ligge og heller reagere i morgen hvis såfremtifall dette skulle medføre riktighet.
Frem til da er det kun snakk om oppmerksomhet.
Slettet bruker
30.06.2022 kl 15:18 4582

Inside info som ikke er meldt til børsen er ikke bra.
Barneskirenn
30.06.2022 kl 15:01 4599

Haussingen har blitt så ekstrem nå pga. ventetiden, at hausserne må skrive "insider informasjon" for at noen skal bite på..
kokkohill
30.06.2022 kl 14:52 4613

Ditt første innlegg og insideinfo Dette er ikke bra for noen
Laggo
30.06.2022 kl 13:48 4652

Fredag blir store ting til å skje. Synes synd på di som selger i dag 😭
Insider informasjon 🤘
kokkohill
30.06.2022 kl 13:15 4662

1/3 av børsverdi inn på konto nå er bra. Når fikk statoil tilsvarende 😂😂
MarketGunsling
30.06.2022 kl 12:38 4694

Viking_1 - The moment we complete AAOG’s previous drill and successfully strike oil we will be able to start shipping oil by tanker which may be a more ineffective and expensive way of doing things but will still bring in revenue.

According to the original AAOG admission document (page 16): “Tilapia is 1.8 kilometres offshore of the Republic of the Congo, located in the Lower Republic of the Congo Basin. It is drilled from onshore, and has its production and storage facilities onshore. It is a 45-minute drive from Pointe Noire and 17 kilometres from the nearest refinery. Production can be trucked to the refinery throughout the year.”


So a 17km drive to the local refinery is no distance at all and I do not think that we need to be concerned by this.

They also said on page 20 that their rationale for the original acquisition was:

“1. Low cost: PK’s budgeted break-even cost of production at 5,300 bopd is less than US$5 per
barrel and, at an oil price of US$35 per barrel, it can be profitable at approximately 500 bopd.
The business and working capital models produced by the Directors, and in particular the low
and flexible cost base that allow the Company to be break even at production levels lower than
500 bopd, provide evidence that the Company can withstand low oil prices even at modest
rates of production;


2. Upside: The drilling programme into the Mengo Sands and the Djeno Sands provides qualified
potential upside to the existing production;


3. Existing production and storage facilities in place: PK has in place existing facilities that have
been constructed to international standards, have been regularly maintained and are fully
amortised. They currently have the capacity to achieve production of up to 4,000 bopd, with
scope for expansion;


4. Already in production: PK is an existing producer: all relevant permits are in place and PK has
agreed the workovers and drilling programme, well design and authorisation for expenditure
with SNPC. This means that work can commence soon after Admission;


5. Ability to drill from on-shore: Tilapia is near offshore, being only 1.8 kilometres from the
coastline. This gives PK the considerable advantage of being able to drill from onshore using
deviated wells, at a considerably reduced cost compared to offshore drilling;


6. Light oil: The Directors believe the oil currently produced from Tilapia is high quality, light,
sweet crude (39 – 41 API) with a market value that currently tracks Brent crude oil; and


7. Availability of equipment: Drilling equipment and ancillary services to carry out the
development programme are readily available due to recent oil price instability.”


The key element of this is obviously that production costs can be driven down as low as $5 per barrel (admittedly only when get to 5,300 bopd) and also that the existing facilities can cope with the storage of up to 4,000 bopd.


So, when we get the license and assuming that we are successful with the drill then there should be no problem with dealing with the initial oil produced and by the time we get to over 4,000 bopd then the money will be there to put pipleines into place.

The AAOG admission document and their other annual reports can be downloaded here: https://ufile.io/f/xica9

1. AAOG AIM Admission Document
2. AAOG 2016 Annual Report
3. AAOG 2017 Annual Report
4. AAOG 2018 Annual Report
5. AAOG 2019 Annual Report
BMU
30.06.2022 kl 11:57 4717

Accordion to my calculator you foresee over 110 milion bop in the year.Its bit of to god to be true this. I m ok of being optimistic but its god to hold feet on the ground ,otherwise the down side can be wary disappointing even if is not so.
Slettet bruker
30.06.2022 kl 09:50 4848

Tilapia is currently producing around 30 to 40 bopd and we are discussing Djeno sidetrack and drilling will start within 3 months after contract sign upto 2000 bopd and to reach targeted peak production from 9 wells of 5000 bopd each, it will take time as transport and production facility need to expand.
Svartsyn
30.06.2022 kl 09:50 4845

Artig å se , av 5 kjøpsposter og 5 salgsposter sitter roboten med minst 9 poster.
Idag må den handle med seg selv.....
Gullit
30.06.2022 kl 09:32 4858

Tenker det samme. Skulle gjerne hatt en liten oppdatering på alt som rører seg her.
TheLondonOiler
30.06.2022 kl 09:15 4868

Tilapia signed off soon and producing next year in my opinion.
futureistoday
29.06.2022 kl 23:16 5109

De skrev ikke at tilapia var utsatt til neste år. Slik jeg tolker setningen så er det at tilapia har produksjon neste år. Selv om tilapia hadde blitt landet imorgen så hadde det nok gått minst 6 mnd til ett år før oljen var oppe av bakken. Derav icing on the cake next year.

Slettet bruker
29.06.2022 kl 15:01 5334

One in hole.

Det ligger an til 0,6 i London.
BMU
29.06.2022 kl 14:37 5277

Well than you know pretty girls even if thay say Yes,is not shore that you ar going to put the drill in the hole (its to big competition and meny offers and thay ar looking for the bast all the time.