You have to appreciate that compensation via the legal route takes time. I am sure that the company in general and AC in particular would love for the legal process to go quicker, just like us investors do, but the fact is that it is a slow process.

We know that AC is going after compensation from the SNC via the French courts and for compensation from Tunisia via the international arbitration courts and we just have to sit tight and wait to see how these court cases play out. You cannot criticise AC for the amount of time that these cases are taking as that is just the nature of the legal system.

The one place where we could do with more clarity is about what is happening with the SMP (Congolese state oil company) money that is owed. However, it would not surprise me if the company were awaiting success in the other two court cases before they pursue this. I would definitely be surprised if it were totally forgotten.

Selv etter en firedobling er de fleste aksjonærer i minus, fullstendig uinteressant. Personlig tror jeg vi alle hadde vært tjent med å fjerne aksjen fra børsen, eller sette opp igjen det gamle børssystemet med minimumsposter. Smarte investorer...vel de er vel posisjonert i andre verdipapirer enn Zenith

And he’s quite ruthless, he makes sure he gets compensation for any breach of contract and will chase the financial penalty against them regardless who they are.

One thing is for sure that AC does not engage in trickery. There have been many opportunities for him to withdraw and live us in the cold, but he has not done so. Optimist Yes, but sometimes we are required to achieve miracles and miracles can be achieved only thru optimism and believe ..

We must never forget the Congolese national oil company, and the 5 million there is at least a small punch for the Congo.We shall forgive in order to move one but not forget .Forgiveness is for us not for them.

smarte investorer vil kjøpe til bunnprisen. de. vente på at de utålmodige skal selge seg ut, og ta aksjene deres billig. til slutt vil prisen firedobles med relativ letthet.

yes....det er bare å plukke litt og litt aksjer i bunnen

AC doesn't care about the short term price. He like most investors are looking long term. Yes the price is pretty poor right now but if any of the expected news announcements come through the price will be multiples of where it is now with relative ease. Money is currently being transferred from the impatient to the patient.

Nå må vi huske at det var AC og styret som kjøpte og brukte penger i siste emisjon… Hvorfor i all verden skulle de gå inn med mer penger? De er da helt sikkert mer oppegående enn oss småsparer med at kursen var dalende.

Futureistoday if you have no belief in the company why are you still invested and moaning after so many years as you put it? seems bit odd to me.

Det er ingen garanti for at man vinner denne og det skjer vel tidligst mot slutten av 2025. Første saken er snakk om 7,5m$ og om de skulle vinne den så bør kunne de kanskje startet med å betale obligasjonslånene som har en heftig rente. Vet ikke hvor store disse lånene er, men 15% rente er i alle fall mye

Det er et godt poeng. Sette inn 10% av portefølgen her kan gi bra gevinst. Men det er jo selvsagt ikke helt risikofritt

muligheten er å kjøpe nå på det nåværende bunnnivået. med voldgiftsseieren vil prisen være opp 10-15 ganger høyere.

Probably getting RNS on bonds today, quoting RNS from 22 april:
"Settlement of the Exchange Offer is expected to take place on or before May 24, 2024."

Zenith er et to-hodet troll. På en måte er aksjonærer som har vært med en tid "fanger" av AC optimisme og må ta store tap ved å gå ut. Lite informasjon skaper selvsagt stor misnøye og man spekulerer innimellom på om det hele er ren svindel. Men så ville det jo ha vært en enorm svindel, som er helt umulig. Selv om tankene av og til dukker opp.
På motsatt side, oppsiden er stor. AC har nok bestemt seg for å holde kortene tettere til brystet etter fadesen i Tunisia og enormt med kritikk. Vi får en del svar i juli senest, håper for alle at det går rette vegen.

So you admit that Allenby did not say that they were NOT Zenith advisers on May 7th 2024 and therefore the sum total of your investigative scandal is that:

Zenith have either forgotten to update one of their 8 advisers on the company website or they are awaiting for a new adviser to be appointed before they do this.

This seems a lot of fuss about a minor administrative error about a completely unimportant appointment. Personally, I simply don’t care whether Allenby are advising Zenith or not.

Med volumet som er i Zenith er det ikke mange kronestykker man kan tjene selv om man kunne få 20% på hver handel. Alt hadde forsvunnet i kurtasje

Per dags dato er det robotene som styrer kjøp/salg på Zenit. Ledelsen er fraværende, og det samme er inntektene. Aksjen svinger fra 10-20% noe som gir gode muligheter om en klarer å slå robotene. Jeg snitter ned sakte men sikkert, men det krever litt innsats. Volum og tilgjengelighet på salgssiden er veldig lavt, så om det kommer en virkelig god nyhet så eksploderer den. Det er eneste grunnen til jeg er inne. Skulle den plutselig vekke oppmerksomhet og folk begynte å kjøpe ville vi hatt vår egen lille Gamestop. Skulle noen ønske å kjøpe for 200k i dag, ville bare det sendt opp akjsen min 30%.

They ARE claiming that Allenby is their advicer , it still says so in zeniths web site.

Allenby was surprised that they still was there and said they are going to contact zenith to get it removed.
They did not want to comment on if they were advicers the 7 of May .

It seems like you are a bit fresh to zenith, i have been around for years and nothing have ever changed. Its all big words and lies, how long have zenith been around now? 17 years or so? And after all that time how many barrels of oil do they produce? Maybe 20? Do you call that a success or a utter failure? What kind of company wont answer the shareholders? Not a good one if you ask me…

Obviously Allenby were still working with Zenith on 7th May as they would not have been allowed say it in the news release otherwise. If you are claiming that Allenby told you that this is not the case then this is a more serious issue but you have not actually said this. Is it the case?

If your post is simply saying that Allenby were the company’s advisors and now they are not then what is the fuss about? There is nothing negative about the news that they have got rid of an adviser, it happens with companies all the time but you seem to be trying to turn it into a conspiracy. Some people like to take any opportunity to troll Zenith for no reason whatsoever. Unless the company were claiming that Allenby were an adviser when they were not then there is simply nothing to see here.

Han er på ferie, men allenby capital har ikke noe noe med zenith og gjøre lenger. Har snakket med dem som jeg skrev i forrige melding. Skjønner ikke poenget med linken?

Du finner direkte linje til Nick Harris her:
https://www.allenbycapital.com/our-team/

Ja en kan undre seg over hva som skjer, idag ringte jeg til allenby capital som skal være zenith’s finansielle rådgiver. Som de til og med lister opp som det i siste børsmelding 7 mai.

Var veldig rart da de beklaget men de hadde ikke noe med zenith energy og gjøre lenger….

Så prøvde jeg flere av de andre som står listet på siden til zenith uten hell.

Så vi står igjen med ett firma som ikke besvarer sine aksjonærer (tro meg jeg har prøvd!!) hverken på tlf eller Mail som er listet på hjemmesiden. Ingen av de som står listet opp som *advisers* kunne hjelpe på noen måte, enten fordi di ikke hadde noe med zenith og gjøre (selv om de står oppført på hjemmeside og i børsmeldinger) eller fordi di ikke forstod selv hvorfor de stod oppført på hjemmesiden da de ikke kunne snakke om zenith til noen?? F.eks DNB som står listet som rådgiver.

Lukter muffins eller?

Og hvor er det blitt av den fantastiske satsingen i USA? En skulle jo gå over til å orientere seg mot «ikkejallaland».

Man trenger ikke vere rakettforsker for å skjønne det. Zenith er dessverre blitt kjent for gjentakende bommer på "mulige" prosjekt som AC skryter av i forkant, deretter blir alt stille til det kommer noe negativt. Vi har ennå ikke sett eller hørt noe konkret fra selskapet på mange måneder(år). Konkret = håndfast realitet

Barneskiren how do you know Kazakhstan is not happening? Unless an rns has been released it’s just assumptions.

We shall forget both the owed $ from the congolese goverment and positive news from kazakhstan.
Kazakhstan is not happening, and AC should update the market (but silence from zenith after due date = broken negotiations).

If you ask me the South Sudan project will be another one that will fade away, but you never know with Zenith. THe court case against the drilling company is the SMP one that I referred to in my post.

One thing I did forget about was thee facts that the Congolese national oil company do still owe AAOG $5 million - it would be good to get an update from the co,pnay as to whether they think that this is recoverable or not.

"We learned it from a book" (Manuel fra Fawlty Towers) :)

Det var da voldsomt så in det var å skrive på engelsk i denne tråden (:

My sentiments exactly, all it will take is one of the latter to come to fruition for the share price to multibag. Yes patience is required but eventually it will happen.

flott forklaring

Lots of us in the same boat. Just have to survive and stay strong. Nothing is for free, at least in Zenith energy.

Hope something positive will come soon that will raise the share price to new highs.
Went in some years ago when Talipia was just around the corner and hoped for quick exit.
Now I am here with paper loss of 82 % .

Great point, what about MoU for S SUdan and the court case against the drilling company for 9M? that court case should be very close, no?

Spot on. Good and clear sight

Is Zenith in a good place at this exact moment – the honest answer is no. But does the company look like it could be in a good place in the relatively newar future – in my opinion the answer is yes.

The company has a number of different revenue generating options on the table plus a number of acquisition possibilities. To deal with these in order: Kazakhstan / US Acquisitions / The Arbitrations / SMP Court Case

1. The Kazakhstan Project – This could be massive for the company. It seems like a good deal for what could be a hugely valuable license. However, there is a relatively significant cost attached to this acquisition and there are question marks as to how the company would pay this money at the moment. Given our previous expereince of when Zenith do not make announcements about projects the signs are not good. Likelihood of happening, in my opinion, 20%



2. The USA acquisitions – These are a very interesting change of direction for the company and, if done correctly, they could have a very positive impact on the company’s future by delivering an ongoing revenue stream in one of the world’s safest and most oil-friendly business environments. The only acquisition made so far is a 5% royalty in some producing wells at Eagle Ford in Texas, as announced on Jan 18th. Since no numbers were announced as to what this 5% means in bopd then we are probably safe to assume that the numbers are very very small. However, the fact that this was acquired through CYAP is a statement of intent for the company. The acquisition of CYAP itself is also a statement of intent from the company as it is a listed vehicle in the US with the ability to issue equities in the world’s biggest equity market. Although this is a stand-alone legal entiry – according to it’s website: https://cyap.info/ Zenith hold 99.87% of the issued shares.

Obviously, it is one thing owning a listed US company and another thing actually acquiring assets into it. But there would have been no point in Zenith acquiring as US listed entity if they were not going to use it to raise capital to finance acquisitions.

My thoughts are that CYAP will be used to raise money for US acquisitions and the Zenith holding in the company will ultimately be diluted but still leave the company with control of CYAP. The big question is, of course, how much US production will they acquire and for what price? But one thing that we know about Andrea is that he has always been good at deal-making (witness the acquisition of the Tunisian assets for £250,000) AND that when he feels a deal is not right for Zenith then he walks away from it. Likelihood of happening 90%+




3. The Arbitrations – these are definitely the most significant, and potentially lucrative thing that Zenit have in the pipeline at the moment. According to the March 20th RNS- Arbitration1 is for $7.5 million / Arbitration 2 is for $85.8 million and Arbitration 3 is for $48 million, giving a total of $140 million.

Obviously, we do not know if the arbitrations are going to be successful and, if they are successful, whether Zenith will receive all the money that they are claiming. However, the simple fact is that this is a huge amount of revenue that the company could receive in pretty short order.

According to the March 20th RNS, Zenith expect that the first arbitration award will be made befor the end of 2024, the second arbitration award will be made in Q1 2025 and the third arbitration award will be made in 2027.

Imagine for one second that these were not legal arbitrations but oil wells being drilled by Zenith. How excited would we be if we were going to drill an oil well which, if successful, would be sold by Zenith for $7.5 million before the end of the year. How excited would we be if we were going to drill a second oil well in Q1 2025 which could be sold for up to $85 million with a third in 2027 that we could sell for up to $48 million. The answer is, that we would all be over the moon.

The potential with the arbitrations is huge- much much bigger than Zenith have ever had from drilling oil, and the risk is no greater than any oil drill. So we should be excited.

Even if we subscribe to the idea that Zenith do not win every arbitration, or that they do win and only get a percentage of the amounts claimed then the numbers involved are still probably at least around $50-80 million – so even a conservative success should deliver cash of at least 10 times the current market capitalisation.



4. The SMP Court Case – We also have the SMP court case in the pipeline where Zenith are claiming approximately $6 million for the failure of the drill that SMP drilled on behalf of AAOG.

I have no idea what the status of this court case is since the last announcement that the company made about it was on October 18th 2023, but if the case had been struck out then they would have to have announced that this had happened, so we can safely assume that it is ongoing.

From what I have previously read about the drill then they court case seems fairly certain that it is to be found in Zenith’s favour but it is being held in France and involving a French company so let’s give it a chance of success of approximately 50%.


If we put all of these factors together then Zenith seems like it could provide a very successful share price performance over the next 12 months. The company’s current market capitalisation is approximately $5 million USD, yet it has a court case for $6 million, arbitrations for $140 million and the potential of acquiring assets in the US that if they produce approx. 500bopd would (alongside the Italian production) more than cover the company’s expenses and provide a substantial revenue stream on top. I have not bothered to talk about Kazakhstan here as I think it is very unlikely to happen but if it did then that would also be massive for the company.

It is my contention that if any of the four events that I have mentioned were successful then the value of the Zenith share price would be many multiples of where it is now – and I think that it is inescapable that at least some of them will.

The success of the SMP court case would double the share price from current levels.
The success of the first arbitration would double the share price from current levels.
The acquisition of 500 bopd production in the US would probably quadruple the share price from current levels.
The acquisition of Kazakhstan would probably quadruple the share price from current levels.
The success of the second arbitration would send the share price up by about 15 times from current levels.
The success of the third arbitration would send the share price up by about 10 times from current levels.

This is six different events that could each individually show a massive impact on Zenith and if more than one of them came in then the share price response would be significantly magnified. I cannot believe that at least some of these possibilities ill not happen in the next 12 months and for the reason I believe that Zenith is still an excellent investment for me as a long-term holder and even more so for anybody investing now.

Skal man satse pengene på retssager er der vist en bedre case i EAM med en dato på afgørelsen.

Du blander veldig her, vi er ikke skyldte $150 mill, zenith har sendt inn voldgiftskrav på det. Det betyr ikke at vi får $150 mill.

Det blir ikke kjøpt noe i usa uten penger og kjøpe for.

Den italienske biten som faktisk genererer penger, genererer på langt nær nok tilbod betale løpende forpliktelser. Så faktum er st vi taper penger hver måned.

Kazakhstan burde det vært oppdatering på for lenge siden ihh til tidligere melding om oppkjøp. Tiden har vist oss at når det blir stille fra firmaet så er det sjeldent gode nyheter.

Du skriver at vi vil vinne $10 mill før slutten av året som om det er faktum. Det er det ikke.

Jeg er en større aksjonær i firmaet og håper ting skal falle på plass, men du må slutte og legge frem synsingen din som fakta. Det er ingen tjente med.