4 million hidden order to buy at 0.0521 - 10 ................someone already emptied shares, now there will be desperation to fill it soo.

Aaand its gone

Ja det er ikke godt at vide hvad der denne gang er lækket af dårlige nyheder siden der dumpes løs til latterlige 0,052 øre, er det I Benin eller Yemen fader AC er blevet taget ved røven denne gang

https://lejournaldelafrique.com/en/Does-Tunisia-have-a-problem-with-the-oil-companies%3F/
Artikkel fra 22.juni.
Les denne, hvis noen vil se noen "positive signaler" vedr. Tunisia.
Kan se ut som at Tunisiske myndigheter kan ha en interesse for avklaring i Zenith-saken..

ned under 5 øre i denne uge eller bliver det først i næste ? Ihvertfald snart under 5 øre hvis ingen gode nyheder kommer

Lavmål, det handler ikke om tatt i røven, det handler om å utforske muligheter.. så har det gått veien i USA mens det godt mulig ikke blir noe i Benin eller Jemen .. det sier seg selv att ikke alt bare detter i hendene våres for en billig peng..

Kan vel ikke feie under teppe at kursen er samme som laveste 2020, så ingen aksjonærverdier på 3 år.

Spot on, her er kursen på all time low. Sist så hadde de vel tilnærmet ingenting utenom produksjon i Italia som kun forsvarte seg selv. Så kom forventningene om tilapia og sendte kursen opp. Dog var det mye mindre aksjer på den tiden.

Men idag så er det forventninger om :

Benin (siste mld er at de formaliserer det tekniske og rettslige i kontrakt)

Yemen (Omv sier de fortsatt er i salgsprosess med alle parter der myndigheter er med i disse)

Usa (her har de kontrakt på felter som det nå gjennomgår due diligence før overtakelse, kan også legge til de har planer om mye mer felt her da de er i forhandlinger med 9 forskjellige parter)

Tunisia (her har de fortsatt produksjon på 3 felter, men har problemer med myndighetene og har fremmet sak mot disse, penger fra oljesalg vil komme og det kan komme en enorm erstatning i tillegg)

Sør Sudan ( her er de i forhandlinger om felter)

Kongo (her skylder Kongo 5,3 mill USD som de skal ha tilbakebetalt med renter. Saken går sin gang og plutselig har vi mld)

Rettsak mot borefirma er igang i paris og det er lagt fram krav om 9 mill USD i erstatning favør zenith. Her kommer oppdatering når som helst.

Italia har produksjon og det skal skaleres opp. Her har de ett pent overskudd driftskostnader tatt i betraktning.

Pr dags dato så er ingenting priset inn i aksjekursen utenom Italia. Hvis ett firma ville kjøpt den italienske delen så ville de betalt hele markedsverdien til zenith alene for den.

Jeg tør ikke stå utenfor med så mange triggere og en aksjekurs der ingenting er priset inn. En ting er helt sikkert, Andrea selv er ekstremt ivrig i og få zenith på kartet og i å lykkes. Det viser han med sin store del av aksjene. Og han har flydd rundt hele verden både under corona og i krigsherjede land for og lage avtaler. Vi ble lurt av de kongolesiske myndighetene men det betyr ikke st livet stopper opp. Her har firmaet gjort en fantastisk jobb i og utforske og oppsøke alle tenkelige steder der det kan gjøres butikk. Jeg vil tro når den første tikker inn så kommer de andre rullende og.

Ha en super dag alle som en

Jeg er helt enig med deg. Meget god detaljert analyse. Ingenting er verdsatt i aksjekursen på vårt nåværende kursnivå.

Så har vi igjen ett "merkelige" ordrebilde igjen. Kursen er akkurat nå 5,48 øre, men det ligger ut 10 stykk aksjer til salg på 5,3 øre. Neste på salg på 5,44 øre.

Er nok skjult salgsordre på 0,053

hidden order to sell at 0.0530 - 10 .....nice to grab large amount of share in cheap before update ...............

That is a very interesting article Children's ski races, and as you say, a very positive one for Zenith.

While Tunisia may not care in the slightest about little Zenith they care a lot about their ongoing negotiations with the IMF from whom they wish to borrow USD$1.9 billion. This is where Zenith appear to have been rather clever.

The IMF is headquartered in Washington, which is also the headquarters of the International Center for the Settlement of Investment Disputes (Cirdi) to whom Zenith have taken their arbitration claim against the Tunisian government.

The IMF takes a dim view of countries that do not honour their contracts with foreign companies and they often demand political reforms in return for their loans. They will be well aware of the Zenith arbitration at CIRDI and it will be a black mark against the Tunisian government when it comes to negotiating their loan.

It is in Tunisia’s interests to settle this dispute amicably and as quickly as possible in order to facilitate the IMF loan without any issues. After all what is $40 million compared to $1.9 billion?

Wow, great research, its not even about 48m, its prob about way less, and for Zenith to increase production without government interference. Maybe Zenith gets more action of the fields instead of cash. many options i can imagine.

Sitter stille i båten her også, så noe salg på dette nivået er jo helt uaktuelt. Skal jo bare et napp så går kursen i taket. Men tilliten til AC er vesentlig redusert, da han ikke evner å meddele dårlige nyheter, som han har visst om. Det nye Sør Sudan eventyret ser jeg på som helt desperat trekk og håper det ikke blir brukt noe cash der:-)

En voldgift sak kan bremse for Tunisia men den prossessen går tregt.
Tunisia fikk lån til strømforbindelse over til Italia for noen dager siden

Ref -- https://www.worldbank.org/en/news/press-release/2023/06/22/world-bank-approves-268-million-project-linking-tunisia-s-energy-grids-with-europe

Hvis den utbetaling blir stoppet vil noe hende raskt ...

Jeg er enig i at tilliten til ac var veldig lav hos meg og da vi ikke hørte noe om oljesalg og utvikling på feltene, men når det kom frem i lyset hva som var årsaken så fikk jeg umiddelbart forståelse for situasjonen. Hadde de medddelt i børsmelding at tunisiske myndigheter satte kjepper i hjulene så hadde det blitt enda verre miljø for zenith. Slik de gjorde det var den optimale løsningen på og få ordnet det en gang for alle. Vi må alle huske på at i Afrika så er det brune konvolutter alle vil ha og gjør mye ugagn for å få dem, men her sier zenith stopp og viser at business gjøres ihh til avtaler, ikke ved brune konvolutter. For det applauderer jeg dem, da får vi ikke noe spøkelser som dukker opp i senere tid og ødelegger. Bare se på pnor…

Sør Sudan har i det siste halve året igangsatt en enorm kampanje for og tiltrekke seg oljeselskap, jeg har håpet zenith ville komme inn der da det er mye olje og hente der og ved og komme tidlig inn så vil selskapet kunne få gode avtaler. Sør Sudan er i likhet med Tunisia og Kongo veldig korrupt, så at de har satt presedens ved saken i Tunisia viser at ved zenith gjøres ting over bordet.

Well said! langsiktig en bedre løsning. klarer Zenith løsne noen knoker her, så tror jeg snøballmetoden vi komme i full effekt.

So if we ,,translate ``this: When you cant grab the bull by the horns ( its to damn big and stronger than us ) grab the bull bue the ball´s .The outcome is more important. So AC haw fined the way to Tunisia solution .

The other interesting point about Tunisia is the sacking of the Minister of Industry, Energy and Mines from the government back in May 2023. https://bnn.network/politics/tunisian-president-kais-said-fires-minister-of-industry-energy-and-mines/

While this does not mean a great deal on its own, the minister, Naila Nouira Al-Kenji, was in charge of the ministry when they started to be difficult with Zenith about the oil sales. The fact that she has been fired will make it easier for her successor to settle the arbitration with Zenith as it will allow a reset of the relationship. All past failings can be blamed on the old minister and the success of any settlement can be claimed by the new.

While we cannot predict the future and be sure of what will happen, all of the politics in Tunisia and with their IMF negotiations do seem to be aligning to make a settlement a mor elikely option than a full arbitration and this is also reflected in the reporting of the Tunisian press.

https://newsweb.oslobors.no/message/594646

Court rejects SMP’s request for stay of proceedings and awards damages

and ordered it to pay an amount of EUR 30,000 to AAOGC by way of compensatory damages. (to Zenith )

The Court’s decision has symbolic value for Zenith insofar as it suggests that our steady and resilient approach to our African operations eventually does bear fruit.
.
A final decision in respect of the Claim is expected prior to the close of Zenith’s next financial year, March 31, 2024.

Court rejects SMP’s request for stay of proceedings and awards damages

July 3, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Court rejects SMP’s request for stay of proceedings and awards damages

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to announce that its fully owned subsidiary, Anglo African Oil & Gas Congo S.A.U (“AAOGC”), has been awarded a payment of compensatory damages by the Paris Commercial Court (the “Court”) in its claim against SMP Energies ( hereafter “SMP”, formerly Société de Maintenance Pétrolière – SMP) the rig contractor that performed drilling services in wells TLP-103 and TLP-103C of the Tilapia oilfield during 2018-2019.

In the decision, the Court rejected SMP’s request for a stay of proceedings in France due to new proceedings having been initiated in the Republic of the Congo, stating that SMP’s request contained “all the characteristics of a dilatory request”, and ordered it to pay an amount of EUR 30,000 to AAOGC by way of compensatory damages. The Court decision is immediately enforceable.

The Court has scheduled the next procedural date as September 29, 2023.

Background

On July 15, 2019, AIM quoted Anglo African Oil & Gas (“AAOG”), the previous owner of AAOGC prior to its acquisition by Zenith, announced that AAOGC had initiated a legal claim (the “Claim”) in the Paris Commercial Court against SMP following a series of significant performance failures by the SMP 102 rig (the "Rig") during drilling activities in wells TLP-103 and TLP-103C, and the refusal of SMP to engage in negotiations to cover the significant cost overruns that had been incurred by AAOGC as a result.

On February 17, 2023, Zenith announced that it had increased the claimed amount for SMP’s failures during drilling activities to US$9 million in consideration of the significant commercial damages suffered by AAOGC, specifically the impossibility to begin production activities from the Tilapia oilfield, as a direct result.

The Company believes that the Claim launched by AAOGC has merit, especially because of the significant evidence collected at the time to substantiate its position and has since intensified its legal activities in support of the Claim by commissioning third-party expert reports.

A final decision in respect of the Claim is expected prior to the close of Zenith’s next financial year, March 31, 2024.

Andrea Cattaneo, Chief Executive of Zenith, commented:

“We are pleased that the Court has rejected the latest attempt by SMP to delay proceedings.
AAOGC has submitted third-party expert reports for consideration by the Court which have, to date, not been engaged with or countered by SMP.

The Court’s decision has symbolic value for Zenith insofar as it suggests that our steady and resilient approach to our African operations eventually does bear fruit.
We are aware that the significant delays incurred by some of our initiatives in Africa have demoralised some of our investors.

However, as a management team, our confidence in Zenith’s strategy remains unchanged and we are fully committed to achieving the Company’s successful development.”

Viser vel bare att det er andre enn Zenith som er problemet. Veldig betryggende for oss langsiktige.

That is very good news for three reasons.

1) We now appear to have a definite date for the first hearing of the court case and September 29th 2023 is not very far away.

2) The fact that the SMP have been trying to get the court case delayed is a sign that they do not feel that it is going to go well for them, which gives me additional confidence that Zenith will be successful.

3) The fact that the court has already awarded some small damages to Zenith shows that they are also annoyed with the SMP's actions and suggests that we are going to get a fair hearing.

Good news all round here.

Large hidden order to buy ..............0.0530 - 100

Ja,hva venter en egentlig på her nå😁👍

USA announcement first then Benin and Yemen ..............

Nå er det mange brikker som begynner å falle på plass - og mange svar på at det har blitt gjort en fantastisk jobb bak lukkede dører som vi ikke får innblikk i!

Kanskje vil det ta endel tid fortsatt, men nå tror jeg vi vil se en drastisk kursendring om ikke så langt fram i tid!😃

Yes, it does feel like this could be the first bit in a series of good news announcements for us. There is definitely a lot that we are waiting on.

By investing in oil industry I thot I will learn more about mining and building empires industry , in stede we are getting more educating to be a lawyers. No wonder why things takes so longe to complete in the world to day. When man lives in the world fool of B.S. man luse the sense of smell, even the flowers smells like B.S.
We just haw to hope and trust that AC can handle this legal maters ( and I'm glade I'm not on his shoes).

Sattan,du kan English,ingen omsetning ingen gain😁👍

It is not the fart that kill, it is the smell :-)

It`s not only only 😂

One more US asset on the way ...........

Hvor har du det fra?

Det er da ikke mange brikker som faller på plass. Det eneste er at det virker sannsynlig at de vinner en viss erstatning i rettsaken. Om de får 30-50 mill så vil jo det være gode penger å ta med seg

wait until market announcement in coming days..........

Not expecting compensation in Tunisia but settlement, zenith will get inventory worth $20million, SLK and EZZ formally. Also in Congo there will be chances of field in return of $5.6million loan. only expecting money from court case against drilling company.

Zenith already secured source of income in Italy, Tunisia and US ............Bnin and Yemen will make difference in coming days.