RECORD PROFITABILITY

TheLondonOiler
ZENA 18.08.2022 kl 13:21 1371

https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/new-record-profitability-of-italian-production/202208181204105040W/


New record profitability of Italian Electricity production



Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the energy company with proven revenue generating production, exploration and development assets in Africa and Europe , is delighted to provide an update on its electricity production operations at the Torrente Cigno Concession in Italy during the month of July 2022.

During the month of July 2022, the Company produced a total of approximately 996.5 megawatt hours ("MWh").

Electricity prices during the month of July 2022 averaged approximately EUR 419 per MWh, resulting in net revenues of approximately EUR 417,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Luca Benedetto, Chief Financial Officer and Managing Director of Italian operations, commented:

"I am delighted to announce this great milestone for the Company, representing the highest profitability Zenith has ever achieved in Italy. We are actively pursuing the development potential of our Italian portfolio, including the Torrente Cigno concession, so that we may increase our energy production even further in the current extremely favourable energy pricing environment."

Just one of many good news to come in my humble opinion
Leoløve
18.08.2022 kl 13:39 1341

Bra mld dette.
Kommer frem optimisme om prosjekter i Italia.
Andpaal71
18.08.2022 kl 13:41 1336

Og nesten ikke oppgang!!!
Leoløve
18.08.2022 kl 14:06 1284

Uansett.
Legger stein på stein med gode mld over tid.
Tilslutt kommer den berømte ketchup effekten - vil sprute oppoverbakke når den rette/stor mld kommer.
keisam
18.08.2022 kl 14:13 1256

Ifølge Jon Hustad angrer Italia på at de ikke har opprettholdt sin gassproduksjon. Kanskje det er i denne forbindelsen Zenith ser en mulighet.
MarketGunsling
18.08.2022 kl 14:13 1252

Unless I have missed something then this is far and away the most amount of revenue that Zenith have made from their Italian operations in a single month. It seems unlikely to me that prices are going to drop in any major way as we come into winter and so we can expect to generate between €2.5 -3 million over the next 6 months.

Month Electricity Prod Cost / MWh Net Revenue
Aug-21 900MWh €110 / MWh €110,000
Sep-21 920 MWh €157/MWh €150,000
Oct-21 920 MWh €214/MWh €181,500
Dec-21 1020 MWh €264/MWh €269,000
Mar-21 1015 MWh €295/MWh €300,000
Apr-21 974.4MWh €236/MWh €230,000
May-21 875.6MWh €223 /MWh €195,000
Jul-21 996.5MWh €419 / MWh €417,000


I have collated the statistics for the production on the dates that Zenith have formally announced it (see above) and it looks really healthy. We are averaging production of 952 MWh production each month and although this goes up and down a bit it is pretty stable in the mid 900s. What is really incredible though is how much the electricity price has risen in a year (from €110 / MWh to €417 / MWh). Looking at the UK gas futures (which are a pretty close indicator over here) they are expected to rise another 30% between now and December and since Italy is rally struggling with electricity supply then I cannot imagine that it will be any less over there, so we should see more record numbers in the forthcoming months. Things are looking good.
Redigert 18.08.2022 kl 14:16 Du må logge inn for å svare
Start
18.08.2022 kl 14:43 1188

Gjeeesp.Tror vel egentlig at denne aksjen er noe av det kjedeligste på børsen.Total stillstand her.
BMU
18.08.2022 kl 15:07 1131

And I was kept on seing for long time in all Zenith forums gass and elekticety is the key and imported development for the future. That was my main resent to invest in this company and composition of leadership lukt promising for great future. But I felt like black sheep in every forum, almost everybody is hangs on to Tilapia ( don't gat me wrong is great aset but in my opinion we shall not bet on one horse everything).
Viking_I
18.08.2022 kl 15:15 1109

Tilapia will triple the course in 1 day and it is on verge after contracts presented in parliament turn into law. Those who are selling under hidden under volume will miss the big fortune probably next week.
Redigert 18.08.2022 kl 15:20 Du må logge inn for å svare
Start
18.08.2022 kl 16:12 1040

Or miss 50%
X-43 scramjet
18.08.2022 kl 17:09 950

Positivt at Zena begynner å tjene penger på elektrisk kraft i Italia, hadde de bare fått Tilapia II snart, nå venter vi i spenning på nyheten som kan sende denne til 30 øre. Mange er utålmodige, men viktig å ha is i magen, bare holde på aksjene nå. Har lastet opp kraftig idag, håper det endelig skjer noe her. Kan slutten av August virkelig ta av?
olje
18.08.2022 kl 20:28 785

Ja!