YEMEN - Signing of SPA for acquisition of OMV Yemen
TRÅD FOR YEMEN
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Signing of SPA for acquisition of OMV Yemen
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is pleased to announce that a company in which it holds a 49% interest, Zenith Energy Netherlands B.V. (“Zenith Netherlands”) has entered into a share purchase agreement (“SPA”) with OMV Exploration and Production GmbH (“OMV” or the “Seller”) to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH (collectively “OMV Yemen”), which are all companies incorporated and existing under the laws of Austria.
---Production Assets:---
Block S-2
OMV Yemen is one of the largest oil producers in the country with a highly prospective portfolio including a balance of immediate production, as well as a
balance of short and long-term growth opportunities.
Block S-2 was discovered in 1992 by Oxy and declared commercial in 2005 by OMV following its acquisition of Preussag Energie International in 2003.
OMV (Yemen Block S 2) Exploration GmbH operates and holds a 44% working interest, with partners including SINOPEC (37.5% working interest), YOGC
(12.5% working interest) and YRL (6% working interest).
OMV Yemen holds a financial interest of 57.14% in production from Block S-2.
Gross production during 2021 averaged approximately 7,400 barrels of oil per day (“BOPD”) and the field remains in the ‘primary depletion’ stage with highly
material unexploited potential.
Historical production from S-2 was maintained at approximately 15,000 BOPD through sustained drilling activity until 2015.
No new wells have been drilled since 2015 when force majeure was declared due to regional instability and production was temporarily suspended.
Production activities were resumed in 2018 at an average gross rate of 17,500 barrels of oil per day and have declined, in view of no new drilling activities, to a
gross average of approximately 6,000 barrels of oil per day as of January 1, 2022.
Production costs of approximately US$28 per barrel.
Gross 1P Reserves (Proved) have been estimated as 13.15 million barrels of oil using the independent DeGolyer & McNaughton reserves evaluation dated
December 31, 2017, as reference and subtracting confirmed oil production during the period 2018-2021.
Gross 2P Reserves (Proved + Probable) have been estimated as 30.74 million barrels of oil using the independent DeGolyer & McNaughton reserves
evaluation dated December 31, 2017, as reference and subtracting confirmed oil production during the period 2018-2021.
Crude oil production is transported by truck 80km to Block 4, then 200km by pipeline for export at the Al Nushaima port. Construction of a new central
processing facility (“CPF”) has been largely completed with a storage capacity of approx. 100,000 barrels of crude oil.
Strong management team and highly competent personnel with over 300 staff.
A number of ready to execute near-term growth opportunities are available, by way of an already formulated workover and a phased infill drilling and sidetrack
programme for six new wells, to enable production to potentially return to 15,000 BOPD.
---Exploration Assets:---
OMV Yemen holds a balanced exploration portfolio comprising Block 3 (34% working interest) and Block 70 (19.24% working interest).
Prospects range from easily monetised low-risk exploration to high-risk, high-reward exploration.
Current exploration activities have identified significant potential near-term development opportunities.
Block 3:
OMV Jardan Block 3 Upstream GmbH holds a financial interest of 36.17% in Block 3.
Gross oil resources have been estimated at about 60 million barrels unrisked by OMV.
1035 km2 3D and 2,100 km 2D seismic is held in respect of Block 3.
No remaining work commitments for Block 3.
Block 70
OMV Block 70 Upstream GmbH holds a financial interest of 20.25% in Block 70.
Gross oil resources have been estimated at about 70 million barrels unrisked by OMV.
1,200 km 2D seismic (410 km reprocessed) is held in respect of Block 70.
No remaining work commitments for Block 70.
Natural Gas Production Potential:
Significant associated gas volumes have been recorded with oil production across OMV Yemen’s portfolio giving evidence of substantial natural gas production
potential from S-2, Block 3, and Block 70.
A gas discovery has been made in Block 3, representing a major opportunity for the monetisation of OMV’s Yemen natural gas production, all of which is
currently flared.
Several gas production offtake options are already under discussion including the possibility of a connection being made to a local power station or to Yemen
LNG.
Zenith may also explore the construction of a ‘Gas-to-Power’(“GTP”) plant, as successfully carried out in Italy, to commercialize gas production and provide
additional electricity supply to the local economy.
Gross total recoverable gas volumes have been estimated by OMV, across the OMV Yemen portfolio, to be approximately 571 BSCF.
----Andrea Cattaneo, Chief Executive of Zenith, commented:---
“The acquisition of OMV Yemen represents a very significant milestone for Zenith Energy.
The existing production from the asset and, more importantly, the near-term future oil and natural gas production indicated by the size of the reserves, position Zenith on an extremely exciting organic growth trajectory.
I take the chance to thank OMV and its management for its cooperation in this transaction. Our technical teams shall continue to work closely together as we enter the handover phase and welcome our new colleagues in Yemen to the Zenith family.
Finally, we look forward with enthusiasm to establishing ourselves in Yemen and contributing to the prosperity of the local economy. It is our belief that the country has extraordinary economic potential, especially in respect of its oil and gas industry, and we shall seek to maximise our relationship with the local authorities to achieve our development objectives.”
---Terms of the SPA: ---
Under the terms of the SPA, Zenith Netherlands will, subject to the conditions set forth in the SPA, acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21,619,000 (the “Base Purchase Price”).
Zenith Netherlands has paid a deposit of US$4,323,800 which shall be credited by the Seller to Zenith Netherlands as part of the Purchase Price upon completion.
The obligations set out in the SPA of the Seller and Zenith Netherlands to consummate the sale and purchase of the shares in OMV Yemen at completion are subject to, inter alia, the approval of the authorities in Yemen, and the approval by the Federal Ministry of the Republic of Austria for Labour and Economy in respect of the transfer of shares from OMV to Zenith Netherlands (“Completion”). The SPA has a longstop date of nine months from the date of signing.
A Transitional Services Agreement (“TSA”) may be signed between OMV and Zenith Netherlands at or around completion to govern certain services to be provided by OMV or its affiliates to Zenith Netherlands after completion if OMV and Zenith Netherlands determine that such agreement shall be required to optimise the handover of OMV Yemen.
About Yemen
• Yemen is located on the southern end of the Arabian Peninsula, sharing a border with Saudi Arabia and Oman.
• The country has significant oil and natural gas reserves sufficient for both domestic demand and international exports, however, it is not currently a major
hydrocarbon producer relative to several other Middle Eastern countries.
• Yemen sits on proved hydrocarbon reserves of c. 3 billion barrels of crude oil and 17 trillion cubic feet of gas (US Energy Information Administration). Its main
crude export grade is light sweet Masila, with an API gravity of 34.10.
• Until 2009, Yemen reinjected most of its gas production to aid in oil recovery, but has since become an LNG exporter, with the government aiming to increase
the use of natural gas in many sectors, including in electricity generation.
------------------------------------------------------------------
Signing of SPA for acquisition of OMV Yemen
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is pleased to announce that a company in which it holds a 49% interest, Zenith Energy Netherlands B.V. (“Zenith Netherlands”) has entered into a share purchase agreement (“SPA”) with OMV Exploration and Production GmbH (“OMV” or the “Seller”) to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH (collectively “OMV Yemen”), which are all companies incorporated and existing under the laws of Austria.
---Production Assets:---
Block S-2
OMV Yemen is one of the largest oil producers in the country with a highly prospective portfolio including a balance of immediate production, as well as a
balance of short and long-term growth opportunities.
Block S-2 was discovered in 1992 by Oxy and declared commercial in 2005 by OMV following its acquisition of Preussag Energie International in 2003.
OMV (Yemen Block S 2) Exploration GmbH operates and holds a 44% working interest, with partners including SINOPEC (37.5% working interest), YOGC
(12.5% working interest) and YRL (6% working interest).
OMV Yemen holds a financial interest of 57.14% in production from Block S-2.
Gross production during 2021 averaged approximately 7,400 barrels of oil per day (“BOPD”) and the field remains in the ‘primary depletion’ stage with highly
material unexploited potential.
Historical production from S-2 was maintained at approximately 15,000 BOPD through sustained drilling activity until 2015.
No new wells have been drilled since 2015 when force majeure was declared due to regional instability and production was temporarily suspended.
Production activities were resumed in 2018 at an average gross rate of 17,500 barrels of oil per day and have declined, in view of no new drilling activities, to a
gross average of approximately 6,000 barrels of oil per day as of January 1, 2022.
Production costs of approximately US$28 per barrel.
Gross 1P Reserves (Proved) have been estimated as 13.15 million barrels of oil using the independent DeGolyer & McNaughton reserves evaluation dated
December 31, 2017, as reference and subtracting confirmed oil production during the period 2018-2021.
Gross 2P Reserves (Proved + Probable) have been estimated as 30.74 million barrels of oil using the independent DeGolyer & McNaughton reserves
evaluation dated December 31, 2017, as reference and subtracting confirmed oil production during the period 2018-2021.
Crude oil production is transported by truck 80km to Block 4, then 200km by pipeline for export at the Al Nushaima port. Construction of a new central
processing facility (“CPF”) has been largely completed with a storage capacity of approx. 100,000 barrels of crude oil.
Strong management team and highly competent personnel with over 300 staff.
A number of ready to execute near-term growth opportunities are available, by way of an already formulated workover and a phased infill drilling and sidetrack
programme for six new wells, to enable production to potentially return to 15,000 BOPD.
---Exploration Assets:---
OMV Yemen holds a balanced exploration portfolio comprising Block 3 (34% working interest) and Block 70 (19.24% working interest).
Prospects range from easily monetised low-risk exploration to high-risk, high-reward exploration.
Current exploration activities have identified significant potential near-term development opportunities.
Block 3:
OMV Jardan Block 3 Upstream GmbH holds a financial interest of 36.17% in Block 3.
Gross oil resources have been estimated at about 60 million barrels unrisked by OMV.
1035 km2 3D and 2,100 km 2D seismic is held in respect of Block 3.
No remaining work commitments for Block 3.
Block 70
OMV Block 70 Upstream GmbH holds a financial interest of 20.25% in Block 70.
Gross oil resources have been estimated at about 70 million barrels unrisked by OMV.
1,200 km 2D seismic (410 km reprocessed) is held in respect of Block 70.
No remaining work commitments for Block 70.
Natural Gas Production Potential:
Significant associated gas volumes have been recorded with oil production across OMV Yemen’s portfolio giving evidence of substantial natural gas production
potential from S-2, Block 3, and Block 70.
A gas discovery has been made in Block 3, representing a major opportunity for the monetisation of OMV’s Yemen natural gas production, all of which is
currently flared.
Several gas production offtake options are already under discussion including the possibility of a connection being made to a local power station or to Yemen
LNG.
Zenith may also explore the construction of a ‘Gas-to-Power’(“GTP”) plant, as successfully carried out in Italy, to commercialize gas production and provide
additional electricity supply to the local economy.
Gross total recoverable gas volumes have been estimated by OMV, across the OMV Yemen portfolio, to be approximately 571 BSCF.
----Andrea Cattaneo, Chief Executive of Zenith, commented:---
“The acquisition of OMV Yemen represents a very significant milestone for Zenith Energy.
The existing production from the asset and, more importantly, the near-term future oil and natural gas production indicated by the size of the reserves, position Zenith on an extremely exciting organic growth trajectory.
I take the chance to thank OMV and its management for its cooperation in this transaction. Our technical teams shall continue to work closely together as we enter the handover phase and welcome our new colleagues in Yemen to the Zenith family.
Finally, we look forward with enthusiasm to establishing ourselves in Yemen and contributing to the prosperity of the local economy. It is our belief that the country has extraordinary economic potential, especially in respect of its oil and gas industry, and we shall seek to maximise our relationship with the local authorities to achieve our development objectives.”
---Terms of the SPA: ---
Under the terms of the SPA, Zenith Netherlands will, subject to the conditions set forth in the SPA, acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21,619,000 (the “Base Purchase Price”).
Zenith Netherlands has paid a deposit of US$4,323,800 which shall be credited by the Seller to Zenith Netherlands as part of the Purchase Price upon completion.
The obligations set out in the SPA of the Seller and Zenith Netherlands to consummate the sale and purchase of the shares in OMV Yemen at completion are subject to, inter alia, the approval of the authorities in Yemen, and the approval by the Federal Ministry of the Republic of Austria for Labour and Economy in respect of the transfer of shares from OMV to Zenith Netherlands (“Completion”). The SPA has a longstop date of nine months from the date of signing.
A Transitional Services Agreement (“TSA”) may be signed between OMV and Zenith Netherlands at or around completion to govern certain services to be provided by OMV or its affiliates to Zenith Netherlands after completion if OMV and Zenith Netherlands determine that such agreement shall be required to optimise the handover of OMV Yemen.
About Yemen
• Yemen is located on the southern end of the Arabian Peninsula, sharing a border with Saudi Arabia and Oman.
• The country has significant oil and natural gas reserves sufficient for both domestic demand and international exports, however, it is not currently a major
hydrocarbon producer relative to several other Middle Eastern countries.
• Yemen sits on proved hydrocarbon reserves of c. 3 billion barrels of crude oil and 17 trillion cubic feet of gas (US Energy Information Administration). Its main
crude export grade is light sweet Masila, with an API gravity of 34.10.
• Until 2009, Yemen reinjected most of its gas production to aid in oil recovery, but has since become an LNG exporter, with the government aiming to increase
the use of natural gas in many sectors, including in electricity generation.
Barneskirenn
19.02.2023 kl 13:01
6928
futureistoday,
Bare vent noen dager til Gullhaugen har solgt, så ser du at han vil motsi sine egne positive utspill. Så senere da han har kjøpt igjen, så kan du se at de samme hausse-innleggene kommer.
Sånn er det i hver eneste aksje han skriver om på forumet.. burde vært utestengt. Kun forsøk på manipulasjon for egen vinning…
Bare vent noen dager til Gullhaugen har solgt, så ser du at han vil motsi sine egne positive utspill. Så senere da han har kjøpt igjen, så kan du se at de samme hausse-innleggene kommer.
Sånn er det i hver eneste aksje han skriver om på forumet.. burde vært utestengt. Kun forsøk på manipulasjon for egen vinning…
futureistoday
19.02.2023 kl 12:46
6960
Ser du også var inne og hausset i ENSU for snaue 2 mnd siden, den lå da på 2kr nå er den på rett over 20 øre (var nede i 16) og skal nok ned mot 10-11 øre da emi var på 10 øre. Altså ett tap på 90 % foreløpig som ikke ser ut til og bedre seg med det første. Forstår jo at du har virkelig teft for og lese markedet… så vennligst slutt og lure medaksjonærer og heller si du føler eller mener ting, ikke konstater ting som fakta, spesielt ikke når det er det totalt motsatte som har vist seg og være virkeligheten frem til dette punkt. *les myndighetenes avslag i Jemen*
Er ikke ute etter og ta deg, men for all del ikke lir av deg usannheter med dine *fakta* del gjerne dine tanker og følelser men si det er du som føler det og ikke at det er slik det er.
Ha en fin søndag videre😊
Er ikke ute etter og ta deg, men for all del ikke lir av deg usannheter med dine *fakta* del gjerne dine tanker og følelser men si det er du som føler det og ikke at det er slik det er.
Ha en fin søndag videre😊
futureistoday
19.02.2023 kl 12:35
6980
Men du sier at mr kinamann har betalt alt dette, så zenith har ikke penger til og betale sin del? I tilfelle hvor har de pengene komt fra? Du trenger bare henvise til ett oljesalg eller noe annet (som ikke har skjedd) Hvordan vet du hvem som har betalt hva? Også ser du jo helt ut til og glemme at myndighetene har avslått overtakelsen av Omv 🤷🏼♂️ som jeg nevnte tidligere, ett desperat forsøk på og hausse opp slik du kommer deg ut av aksjen uten for stort tap
Allroad18
19.02.2023 kl 12:15
7003
Mye surring her inne nå, noen "vet" mer enn andre, men meldinger fra selskapet uteblir. Føler ting er blitt veldig uoversiktlig og at Zenith har mange løse tråder.
Gullhaugen
19.02.2023 kl 11:41
7076
Zenith Netherlands has paid a deposit of US$ 4.324 = 44.36 mill NOK.
Total 218 mill
Zenith Netherlands will acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21.619 million. Zenith Netherlands has paid a deposit of US$ 4.324
https://www.ltddir.com/companies/hingbo-limited-2/
Total 218 mill
Zenith Netherlands will acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21.619 million. Zenith Netherlands has paid a deposit of US$ 4.324
https://www.ltddir.com/companies/hingbo-limited-2/
Redigert 19.02.2023 kl 18:04
Du må logge inn for å svare
futureistoday
19.02.2023 kl 11:09
7131
Jeg legger merke til at du sier dette har blitt gjort av mr. Kinamann, men dette er jo kun dine meninger, det er jo ingen som engang vet eller klarer finne info om mr kinamann. Men mr gullhaugen han VET visst alt dette han. Hvem som betaler hva og hva som skjer. Hvor får du denne garanterte infoen din fra gullhaugen da ingen andre klarer og finne firmaet som eier brorparten av zenith Nederland engang?? Og så lenge de har aksjemajoritet i ifh Nederland så er det ikke noe som står i veien for og dele ut det korte strået til zenith energy sin del lenger ned i veien hvis det mot formodning skulle skje ett mirakel og myndighetene skulle snu og alt hadde gått som smurt (noe det aldri gjør i slike land). SÅ NEI mr kinamann har ikke banket inn hverken 22 mill eller 45 mill før du legger frem bevis
Gullhaugen
19.02.2023 kl 11:03
7141
Aldara skrev Slutt å lage eventyr gullhaug1!
Konstanterer bare fakta. Dette må da være sammen med Benin det beste AC har fått till på lang tid.
Hvis det blir noe Yemen vil "Kinamannen" få største biten av kaka.
En form for utvanning ....
En form for utvanning ....
Gullhaugen
19.02.2023 kl 10:45
7180
SORRY de har banket inn ca 45 mill NOK.
Hvem tror du står bak disse pengene ??
Først åpning av kontor i nov 2022 så dette i januar 2023.
Her er det Kinamann med kapital bak som er på oljejakt
Zenith Netherlands will acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21.619 million. Zenith Netherlands has paid a deposit of US$ 4.324
Hvem tror du står bak disse pengene ??
Først åpning av kontor i nov 2022 så dette i januar 2023.
Her er det Kinamann med kapital bak som er på oljejakt
Zenith Netherlands will acquire 100% of OMV’s shares in OMV Yemen at completion for a total consideration of US$ 21.619 million. Zenith Netherlands has paid a deposit of US$ 4.324
Redigert 19.02.2023 kl 10:51
Du må logge inn for å svare
Forhandlinger eller ikke det er en sky høy risiko i Yemen.
Selv om det blir "fred" så kan avklaring om å overta for OMV drøye (lenge).
Kansje Zenith får noen kroner tilbake fra Congo men det er usikkert og
kan ta svært lang tid.
Selv om det blir "fred" så kan avklaring om å overta for OMV drøye (lenge).
Kansje Zenith får noen kroner tilbake fra Congo men det er usikkert og
kan ta svært lang tid.
futureistoday
19.02.2023 kl 10:21
7213
Her har det ikke blitt banket inn 22 mill$ hvor har du det fra, legg gjerne ved dokumentasjon på en slik transaksjon har blitt gjennomført.
Som det står i linken du la ved, så vil det bli trøbbel hvis oppkjøpet hadde blirt noe av. Men det er allerede tilbakevist fra myndighetene i Jemen, noe ala det som skjedde i congo da de opplyste om lisens der. Vi vet alle hvordan det gikk…. Men du har ikke forklart hvorfor selskapet du har dømt nord og ned nå plutselig skal være så bra ETTER. De mistet det som allerede skulle være i boks iflg ledelsen. Var bare og vente på signaturen…. Jeg tipper du har kjøpt inn nå når den duppet uten og sette deg inn i nyhetene, og prøver desperat og komme deg ut uten tap.
Som det står i linken du la ved, så vil det bli trøbbel hvis oppkjøpet hadde blirt noe av. Men det er allerede tilbakevist fra myndighetene i Jemen, noe ala det som skjedde i congo da de opplyste om lisens der. Vi vet alle hvordan det gikk…. Men du har ikke forklart hvorfor selskapet du har dømt nord og ned nå plutselig skal være så bra ETTER. De mistet det som allerede skulle være i boks iflg ledelsen. Var bare og vente på signaturen…. Jeg tipper du har kjøpt inn nå når den duppet uten og sette deg inn i nyhetene, og prøver desperat og komme deg ut uten tap.
Gullhaugen
19.02.2023 kl 08:36
7336
CHINA er mega sugen på Olje fra Yemen. Transaksjonen gikk fort,de banket 22 mill inn med en gang. At China selskapet er vanskelig å finne info på betyr at det kan stå store krefter bak som ikke vil vise ansiktet sitt enda. Dette blir spennende.
https://www.mees.com/2023/1/13/corporate/chinese-firm-behind-purchase-of-omvs-yemen-assets/502ceb50-9348-11ed-b785-ff9b8dcbfa23
BOOM les denne
https://www.energyintel.com/00000186-6012-de95-a7ae-6336ba2f0000
https://www.mees.com/2023/1/13/corporate/chinese-firm-behind-purchase-of-omvs-yemen-assets/502ceb50-9348-11ed-b785-ff9b8dcbfa23
BOOM les denne
https://www.energyintel.com/00000186-6012-de95-a7ae-6336ba2f0000
Redigert 19.02.2023 kl 09:20
Du må logge inn for å svare
futureistoday
18.02.2023 kl 19:08
7527
Har du plutselig blitt optimist her inne Gullhaugen? Er vel ikke lenge siden du fortalte alle at zena var ett jallaselskap alle burde holde seg vekk fra? Kan du utdype at nesten alt er på plass i Jemen? Siste nytt var vel myndighetene som gikk ut straks børsmelding fra zenith kom, da dem sa at zenith kunne glemme og overta noe felt i Jemen da de mangler både kompetansen og økonomien til og drifte noe der?? Og enda herligere er det med en samarbeidspartner som eier hovedparten i zenith Nederland som er datterselskapet til zena. Dvs det er mr kinamann som styrer skuta og ikke zenith. Enda kjekkere er det at ingen klarer og finne ut noe om dette såkalte investeringsselskapet fra Hongkong, ikke en eneste smule har jeg klart og finne om det. Og jeg har lett igjennom kinesiske sider om bedrifter i Kina. Ikke ett fnugg har jeg funnet om selskapet. Suspekt? Nææææ
Gullhaugen
18.02.2023 kl 18:15
7592
Her Kinamannen i førersete så dette løser seg og blir mye mye større en Congo. Er glad at Zena slipper å ha med disse sleipe ålene mer. De skal få betale.I Yemen nesten alt på plass.Har noe funnet ut hvem dette er? KINAMANNEN?
Benin er mere konkret enn Yemen ...
Der var det ingen hyggelig velkomst de fikk ...
Der var det ingen hyggelig velkomst de fikk ...
Fluefiskeren
18.02.2023 kl 15:05
7802
Når det gjelder Benin så er jo en del avklart. De er foretrukne tilbyder og har startet prossess med myndighetene.
Minner om denne:
«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 announce that the Ministry of Water and Mines of the Republic of Benin has awarded Zenith Energy an exclusivity (the “Exclusivity”) for a period of three months to negotiate and finalise the terms of a Production Sharing Contract (“PSC”) for Block 1 containing the Sèmè oilfield, offshore Benin ("Block-1).»
Det ble meldt 10. januar og innen 10. april vet man antakelig resultatet. Så spørs det bare om de leverer varene. Dette er mye mer konkret enn Tilapia II.
Minner om denne:
«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 announce that the Ministry of Water and Mines of the Republic of Benin has awarded Zenith Energy an exclusivity (the “Exclusivity”) for a period of three months to negotiate and finalise the terms of a Production Sharing Contract (“PSC”) for Block 1 containing the Sèmè oilfield, offshore Benin ("Block-1).»
Det ble meldt 10. januar og innen 10. april vet man antakelig resultatet. Så spørs det bare om de leverer varene. Dette er mye mer konkret enn Tilapia II.
kaunis
18.02.2023 kl 14:16
7858
Jeg har ved flere innlegg vært særs tvilende til Congo og hva vi kunne vente av ærlig spill. Her er det kameratskap og venners vennetjeneste som råder, jeg solgte meg helt ut for flere mnd siden, men har kjøpt en lyttepost etterpå for å følge med. Med store overskudd i ITALIA skulle vi jo ha hørt litt mer om den saken og ellers svært lite om fremdrift og inntjening. Føler at det kommer flere overraskende dårlige nyheter i dette året. Skulle ønske det kom en større redgjørelse på stå no og hva som er planen videre. Her var tatt opp lånefasiliteter til Congo utbyggingen og millioner var betalt for feltet. Når det ikke blir noe av Tilapia II så må jo kapitalen styres mot de andre feltene og at de får ut fingeren og komme til markedet med opplysninger om den videre fremdriften.
Haraldhaarfage
18.02.2023 kl 13:28
7924
Helt enig med deg futureistoday. Stopp med all den hausingen. Ser jo bare hvordan det gikk. Mulig det blir trangt inn døren på mandag, men det er nok ene og alene for at folk vil ut.
Noen må få gravd litt jord over føttene sine her inne, eller så må det tas hull på den rosa skya. For her skjer det ikke noe før Zenith kommer med noe håndfast. Selge forhåpninger lønner seg ikke i det lange løp.
Noen må få gravd litt jord over føttene sine her inne, eller så må det tas hull på den rosa skya. For her skjer det ikke noe før Zenith kommer med noe håndfast. Selge forhåpninger lønner seg ikke i det lange løp.
futureistoday
18.02.2023 kl 13:03
7967
Congo kom nå glatt unna lisenstildeling til zenith, så at de skal betale noe som helst kan vi bare glemme. Og Jemen har direkte avslått zenith som en aktør der. Så ikke narr noen her med kursoppgang, den har gått nedover jevnt de siste mnd men nå som de har mistet det de mente var i boks så skal plutselig kursen gå opp? Nei ærlig talt, må være en spøk
Gullhaugen
18.02.2023 kl 12:57
7991
Glem Congo nå. Det er her sammen med Kinamannen det skjer. Congo kommer ikke unna betaling.til Zena. Det blir trang inn døren på mandag. Det er nok flere som ønsket seg denne inngangen. HAPPY WEEKEND 😊🍾🎉 Godt å være tilbake i Zena.
jantt
14.01.2023 kl 13:12
8775
Mon ikke når kineserne er med at det går igennem ? Kina plejer at have godt tag i mellemøsten/afrika.
Ser bedre ud synes når de er, men mangler så stadig endelig godkendelse.
11 øre hvis går igennem ? Burde da mindst ramme 15 øre.
Ser bedre ud synes når de er, men mangler så stadig endelig godkendelse.
11 øre hvis går igennem ? Burde da mindst ramme 15 øre.
Northill
14.01.2023 kl 09:56
8966
Datert 13.januar 👍🏻 så prosessen i Yemen går videre.
Selv om noe dro noe støy tatt ut av kontekst tidligere.
Veldig bra for Zenith👍🏻
Selv om noe dro noe støy tatt ut av kontekst tidligere.
Veldig bra for Zenith👍🏻
Barneskirenn
14.01.2023 kl 00:32
9155
https://www.mees.com/2023/1/13/corporate/chinese-firm-behind-purchase-of-omvs-yemen-assets/502ceb50-9348-11ed-b785-ff9b8dcbfa23
13 Jan 2023
"Chinese Firm Behind Purchase Of OMV’s Yemen Assets
OMV has secured a buyer for its Yemen assets, with a Hong Kong firm the key driver of the purchase. The sale comes amid a deteriorating security outlook which is preventing exports from Yemen’s oil terminals.
Austria’s OMV has agreed the sale of its assets in Yemen, which generated working interest output of 2,000 b/d for the firm through the first nine months of 2022. OMV had been in discussions over selling its assets in the troubled Middle Eastern state since at least the first half of last year, and upon completion will receive $21.62mn for the sale from Canadian-listed minnow Zenith Energy. The deal remains subject to regulatory approval from the Yemen and Austrian authorities.
Speaking after the transaction, Zenith CEO Andrea Cattaneo said “The acquisition of OMV Yemen represents a very significant milestone for Zenith Energy.”" (CONTINUED - 984 WORDS)
Resten er bak betalingsmur.. noen som har tilgang?
13 Jan 2023
"Chinese Firm Behind Purchase Of OMV’s Yemen Assets
OMV has secured a buyer for its Yemen assets, with a Hong Kong firm the key driver of the purchase. The sale comes amid a deteriorating security outlook which is preventing exports from Yemen’s oil terminals.
Austria’s OMV has agreed the sale of its assets in Yemen, which generated working interest output of 2,000 b/d for the firm through the first nine months of 2022. OMV had been in discussions over selling its assets in the troubled Middle Eastern state since at least the first half of last year, and upon completion will receive $21.62mn for the sale from Canadian-listed minnow Zenith Energy. The deal remains subject to regulatory approval from the Yemen and Austrian authorities.
Speaking after the transaction, Zenith CEO Andrea Cattaneo said “The acquisition of OMV Yemen represents a very significant milestone for Zenith Energy.”" (CONTINUED - 984 WORDS)
Resten er bak betalingsmur.. noen som har tilgang?
Viking_I
11.01.2023 kl 15:11
9589
Barneskirenn skrev Vet aldri.. Men får håpe dette går gjennom asap!
All happened after 4 month of negotiation including Yemeni official who visited office in Aden in November. All are planned. OMV want quick exit from Yemen. so it will happen soon. They handover operation to Spec company in Aug with govt approval.
https://www.saba.ye › news3201694
Traders are selling here around 0.11 after approval company will clime over kr 0.5 in hours with total more than 2000 bopd production and Italian electricity generation.
https://www.saba.ye › news3201694
Traders are selling here around 0.11 after approval company will clime over kr 0.5 in hours with total more than 2000 bopd production and Italian electricity generation.
Redigert 11.01.2023 kl 15:18
Du må logge inn for å svare
Viking_I
11.01.2023 kl 14:58
9594
Yesterdays tweet, its company takeover like Ecumed in Tunisia so no problem.
oops16
11.01.2023 kl 14:27
9684
Barneskirenn skrev Interessant! Hvilken «forbindelse» er dette? Yemener i oljeindustrien?
indirekte.
Barneskirenn
11.01.2023 kl 14:23
9710
Interessant!
Hvilken «forbindelse» er dette? Yemener i oljeindustrien?
Hvilken «forbindelse» er dette? Yemener i oljeindustrien?
oops16
11.01.2023 kl 14:14
9719
Var i kontakt med en forbindelse i Jemen i går. De mener at det er klart at denne avtalen er inngått og ønsker også bekreftelse fra OMV på dette. Videre så er de av den oppfatning av at myndighetene, som de også understreker er korrupte, forsøker å presse Zenith for kapital her.
Innbyggerne i Jemen ønsker transparente forhold innen oljeindustrien, slik at inntekter også tilfaller samfunnet. Jeg fikk også inntrykk av at Zenith har støtte fra lokalbefolkningen. Alternativet til Zenith vil være lokale selskaper med mindre kompetanse og kapasitet, der ingen har innsyn.
Innbyggerne i Jemen ønsker transparente forhold innen oljeindustrien, slik at inntekter også tilfaller samfunnet. Jeg fikk også inntrykk av at Zenith har støtte fra lokalbefolkningen. Alternativet til Zenith vil være lokale selskaper med mindre kompetanse og kapasitet, der ingen har innsyn.
Barneskirenn
11.01.2023 kl 14:10
9735
Jeg prøver å kjøre ned kursen? Har verken kjøpt eller solgt en eneste aksje på et par mnd.. og skal ikke øke beholdning ytterligere på en god stund.
Så det du mener er at det ministeren uttalte 04.01.23 er ugyldig/ingen problem, og Prime-ministeren kommer til å godkjenne avtalen?
Så det du mener er at det ministeren uttalte 04.01.23 er ugyldig/ingen problem, og Prime-ministeren kommer til å godkjenne avtalen?
Barneskirenn
11.01.2023 kl 14:04
9766
Liverbirds skrev For en idiot du er, barneskirenn
Takk, Liverbirds! Noen må ta på seg det ansvaret.
Men hvorfor det?
Men hvorfor det?
Viking_I
11.01.2023 kl 13:53
9822
joker trying to rundown course with same old news.
Remember deal having unofficial approval from Prime Minister, head of government.
Remember deal having unofficial approval from Prime Minister, head of government.
Barneskirenn
11.01.2023 kl 13:44
9855
https://twitter.com/Aldaare_majed/status/1611169651412566016
Tweet fra journalist 06.01.23.
Google tanslate:
"Even after the Dutch company Zenith officially announced its acquisition of sectors (S2, 3 and 70) in the Uqla oil field in Shabwa from the Austrian company Omv
Al-Shamasi's Oil Ministry still denies its flagrant approval of that deal, which he used with cunning malice to overthrow his former Hadhrami minister, Bin Abboud.
It seems that the lineage disputes are still going on"
---------------
"It seems that the lineage disputes are still going on"
Mulig feil/dårlig oversettelse. Blir spennende å se hva som vil skje!
Tweet fra journalist 06.01.23.
Google tanslate:
"Even after the Dutch company Zenith officially announced its acquisition of sectors (S2, 3 and 70) in the Uqla oil field in Shabwa from the Austrian company Omv
Al-Shamasi's Oil Ministry still denies its flagrant approval of that deal, which he used with cunning malice to overthrow his former Hadhrami minister, Bin Abboud.
It seems that the lineage disputes are still going on"
---------------
"It seems that the lineage disputes are still going on"
Mulig feil/dårlig oversettelse. Blir spennende å se hva som vil skje!
Barneskirenn
10.01.2023 kl 14:25
10142