Aldara
06.11.2024 kl 21:01
2993
Vi er så veeeeldig underpriset at selv det miste vil SKYVE prisen HØYere!
Blientotre
06.11.2024 kl 20:20
2991
Om det nå er så at saken kan avgjøres mye tidligere enn antatt - kan det muligens være et tegn på en overlegen seier?
MarketGunsling
06.11.2024 kl 19:00
3046
If it is indeed the case that a ruling on the first arbitration is expected by the end of this month, this will be highly significant for all of us as Zenith shareholders. For the ruling to be beneficial, we must, of course, achieve a favourable outcome in the arbitration; however, there is strong reason to believe that we will, given that the case centres on the straightforward matter of the Tunisians' misappropriation of our oil and the proceeds from its sale.
Assuming a successful ruling, the first positive outcome would be the influx of much-needed funds into the company’s reserves. While obtaining the full amount may take some time, the company should be able to secure $6.5 million relatively quickly, as these funds have already been seized from the ETAP bank account, as noted in the RNS dated 10 July 2023. Ideally, securing the remaining funds will also be a relatively smooth process, as Zenith will be dealing with a company rather than a sovereign state.
The most immediate benefit for us as shareholders would be that, if the amount claimed indeed exceeds $10 million, it would significantly surpass the current market capitalisation of $8 million (including all new warrants). This should provide a strong, immediate uplift to the share price, potentially doubling it to reflect the company’s improved financial standing.
Perhaps more importantly, a successful first arbitration would generate positive sentiment around Zenith as we approach the second arbitration, scheduled for just five months from now, which concerns a considerably larger sum of $130 million. As the decision date for this second arbitration draws nearer, it’s likely we’ll see steady growth in the share price, driven by increased investor interest and anticipation of substantial returns from a favourable ruling.
While all of this remains potential at this stage, the first arbitration is essentially the initial domino. If successful, I expect sentiment to strengthen progressively as the second arbitration approaches. The sooner we have a decision on this first case, the better, so let’s hope the rumours of an imminent ruling are indeed accurate.
Assuming a successful ruling, the first positive outcome would be the influx of much-needed funds into the company’s reserves. While obtaining the full amount may take some time, the company should be able to secure $6.5 million relatively quickly, as these funds have already been seized from the ETAP bank account, as noted in the RNS dated 10 July 2023. Ideally, securing the remaining funds will also be a relatively smooth process, as Zenith will be dealing with a company rather than a sovereign state.
The most immediate benefit for us as shareholders would be that, if the amount claimed indeed exceeds $10 million, it would significantly surpass the current market capitalisation of $8 million (including all new warrants). This should provide a strong, immediate uplift to the share price, potentially doubling it to reflect the company’s improved financial standing.
Perhaps more importantly, a successful first arbitration would generate positive sentiment around Zenith as we approach the second arbitration, scheduled for just five months from now, which concerns a considerably larger sum of $130 million. As the decision date for this second arbitration draws nearer, it’s likely we’ll see steady growth in the share price, driven by increased investor interest and anticipation of substantial returns from a favourable ruling.
While all of this remains potential at this stage, the first arbitration is essentially the initial domino. If successful, I expect sentiment to strengthen progressively as the second arbitration approaches. The sooner we have a decision on this first case, the better, so let’s hope the rumours of an imminent ruling are indeed accurate.
JobPeterson
06.11.2024 kl 13:32
3161
Aldara skrev Og du tror du får svar ? :-D
Jeg vil ikke vite med mindre jeg prøver; det kan tvinge direktørene til å komme med en uttalelse dersom det viser seg å være sant
JobPeterson
06.11.2024 kl 12:48
3162
Barneskirenn skrev Har ikke denne kontoen bommet grovt tidligere?
Er det noen som har den direkte e-postadressen til en av direktørene i Zenith Energy, slik at jeg kan spørre om det forventes at voldgiftsprosessen avsluttes før desember?
TheLondonOiler
06.11.2024 kl 01:23
3353
Blientotre skrev I hope you/her have right. Really do…
I'm not a clairvoyant, so I can't definitively assess the accuracy of this claim. However, receiving a resolution before the end of the year would be highly favorable from my perspective. Additionally, the director's recent investments bolster my confidence, as it would be unlikely for someone to commit over £300,000 if they anticipated an unfavourable outcome in the arbitration. On the flip side if the arbitration is a failure then this will be one big disaster.
Redigert 06.11.2024 kl 01:24
Du må logge inn for å svare
TheLondonOiler
05.11.2024 kl 20:50
3409
The valuable aspect of time is that it consistently reveals the truth, so in approximately three weeks, we’ll know if this tweet proves accurate. She has correctly predicted several outcomes with this and other stocks in the past, so it won’t be long before we have clarity. From my recollection of the previous announcement, the Zenith directors invested a substantial amount of their own money in shares. It seems unlikely that anyone would commit such funds without confidence in a successful arbitration outcome. If this woman claims the results are sooner than expected and proves to be correct I will be very happy.
Blientotre
05.11.2024 kl 19:46
3445
Det hadde vært fantastisk - men det kan også være ei som er ute etter egen vinning. Kanskje hype opp kursen før desember. Hvem vet.
Etter mange år i aksjen har jeg gitt opp å stole på noe som helst.
Etter mange år i aksjen har jeg gitt opp å stole på noe som helst.
TheLondonOiler
05.11.2024 kl 18:20
3480
A known user on X, known as Lady of Aim, is asserting that the arbitration results will be announced at the end of November, approximately three weeks from now. If her information is accurate, I would anticipate increased buying pressure around a week prior to the announcement, possibly due to leaks.
“ Zenith’s $6 million + $4 million interest and damages arbitration vs Tunisia is proceeding much quicker than expected. Although the company announced an end of year timeline, my sources say it will now finalise at the end of November. #ZEN #ZENA #Invest “
“ Zenith’s market cap is just $6.5M🚀 If this play hits, the share price could easily DOUBLE (or more)! 📈🔥 #BigGains #PennyStocks #MarketMoves #ZENITH #ZEN #Invest “
Blientotre
05.11.2024 kl 18:00
3499
Expected.. De ordene vet vi alle hva betyr i Zenith og AC’s verden😂
Forvent ingenting i desember, så slipper du ny skuffelse.
Makan til elendig sirkus.
Holder ikke en eneste ting de lover.
Forvent ingenting i desember, så slipper du ny skuffelse.
Makan til elendig sirkus.
Holder ikke en eneste ting de lover.
Sia
05.11.2024 kl 17:44
3469
Aldara skrev Sia... Når er første sak avgjort??
The decision of the ICC 1 Arbitration is expected to be published by December
2024.
2024.
Sia
05.11.2024 kl 16:39
3474
Allroad18 skrev Tidenes laveste kurs ever idag eller?
Det stemmer til gangs:-(
Sia
05.11.2024 kl 16:34
3410
Ja, dette er helt tragisk. Husker du forsvant i begynnelsen av 23 . Etter det har det vært flere utvanninger for at AC med venner skal kunne kose seg på det de kaller jobb. Du får holde ut resten av året, til første saken er avgjort.
Aldara
05.11.2024 kl 16:06
3418
Dette må da være DEN MEST traurige skit jeg noen gang har vært borti!! AC er en italiensk gjøk med STOOOR kjeft! jeg gikk ut for lenge,lenge siden og kjøpte 500k for en måned tilbake. Trodde 20 øre ish skulle være en bra deal men ikke faen! Ikke denne gangen heller! Hvor er bånn? Skulle tro vi er der nå men denne er bare møkka! Ren møkk!
Sia
05.11.2024 kl 12:12
1942
Helt syk utvanning av oss. Så vidt jeg kan se er det nå 366 545 401 aksjer i Zen, så har vel økt med 140 mill stk ish.
TheLondonOiler
03.11.2024 kl 13:37
2312
Of course, every bit helps, but if a significant portion of the $500 million owed is recovered—say even a quarter of it—then all the smaller issues will become inconsequential in the grand scheme of things
Barneskirenn
02.11.2024 kl 12:27
2542
90 boed og oljesalg på ca 11.000 tønner hadde vært vesentlig boost på dette tidspunktet. Så det ER veldig viktig…
TheLondonOiler
01.11.2024 kl 19:36
2694
Similar to our case EML is now pursuing arbitration proceedings through the ICSID against the Moroccan government. This suggests that Zenith may not be the only, nor the last, company to encounter legal challenges in North Africa. In our situation, it is evident that AC successfully secured a highly favorable agreement during the COVID-19 pandemic, a time when many businesses were reluctant to make significant moves. As economic conditions normalized, the Tunisian authorities may have reconsidered the terms of this valuable asset transfer to a smaller company like Zenith. In light of this strategic deal-making, AC’s efforts demonstrate a significant recovery from past challenges, and, if successful, even a portion of the potential $500 million claim would be a substantial achievement for the company.
STATEMENT REGARDING NOTICE OF DISPUTE WITH MOROCCAN GOVERNMENT
Emmerson, the Moroccan focused potash development company, provides an update on its position with respect to its assets and investments in Morocco.
Emmerson has formally notified the Government of the Kingdom of Morocco ("Morocco" or "the Government") that there is an investment dispute between Emmerson and the Government. The Company has engaged Boies Schiller Flexner LLP as its litigation counsel and is examining various funding avenues for an investment dispute.
The dispute arises out of various breaches, by the Government and its Agents, of the Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Kingdom of Morocco for the Promotion and Protection of Investments, which was signed on 30 October 1990 and entered into force on 14 February 2002 (the "BIT").
The BIT provides that Emmerson may submit its dispute for settlement by arbitration to the International Centre for the Settlement of Investment Disputes ("ICSID").
There is no requirement under the BIT to notify Morocco of Emmerson's intention to submit a claim to arbitration and therefore, the Company has no obligation to wait for any specific period of time before commencing arbitration.
Nevertheless, before proceeding to arbitration, Emmerson has, in good faith and in the spirit of cooperation, invited Morocco to engage in discussions regarding cash compensation for the damages incurred because of Morocco's breaches of the BIT, with a view to achieving an amicable resolution of the dispute.
If such discussions with Morocco are unsuccessful, Emmerson intends to submit a claim for arbitration under the BIT, seeking damages for the harm described above, plus interest, costs, and any such further relief as the Tribunal may deem appropriate in the circumstances.
The Company remains hopeful that its dispute with the Government can be resolved amicably. The Company will consider any and all other actions necessary to ensure its rights are preserved.
Emmerson has always conducted its business in Morocco to the highest environmental and ethical standards, often well in excess of the local regulatory requirements, adhering strictly to local laws. The Khemisset Potash Project is one of the most strategically valuable fertiliser assets on the African Continent, especially for Morocco, which currently imports significant quantities of potash to its global fertiliser company, OCP.
With the implementation of its proprietary (and patent pending) KMP design, the Company was targeting the production of potash alongside several complementary fertiliser products that would have employed the lowest water usage of any potash mine globally, with the elimination of waste brines entirely, in order to create the world's most environmentally sustainable potash mine.
STATEMENT REGARDING NOTICE OF DISPUTE WITH MOROCCAN GOVERNMENT
Emmerson, the Moroccan focused potash development company, provides an update on its position with respect to its assets and investments in Morocco.
Emmerson has formally notified the Government of the Kingdom of Morocco ("Morocco" or "the Government") that there is an investment dispute between Emmerson and the Government. The Company has engaged Boies Schiller Flexner LLP as its litigation counsel and is examining various funding avenues for an investment dispute.
The dispute arises out of various breaches, by the Government and its Agents, of the Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Kingdom of Morocco for the Promotion and Protection of Investments, which was signed on 30 October 1990 and entered into force on 14 February 2002 (the "BIT").
The BIT provides that Emmerson may submit its dispute for settlement by arbitration to the International Centre for the Settlement of Investment Disputes ("ICSID").
There is no requirement under the BIT to notify Morocco of Emmerson's intention to submit a claim to arbitration and therefore, the Company has no obligation to wait for any specific period of time before commencing arbitration.
Nevertheless, before proceeding to arbitration, Emmerson has, in good faith and in the spirit of cooperation, invited Morocco to engage in discussions regarding cash compensation for the damages incurred because of Morocco's breaches of the BIT, with a view to achieving an amicable resolution of the dispute.
If such discussions with Morocco are unsuccessful, Emmerson intends to submit a claim for arbitration under the BIT, seeking damages for the harm described above, plus interest, costs, and any such further relief as the Tribunal may deem appropriate in the circumstances.
The Company remains hopeful that its dispute with the Government can be resolved amicably. The Company will consider any and all other actions necessary to ensure its rights are preserved.
Emmerson has always conducted its business in Morocco to the highest environmental and ethical standards, often well in excess of the local regulatory requirements, adhering strictly to local laws. The Khemisset Potash Project is one of the most strategically valuable fertiliser assets on the African Continent, especially for Morocco, which currently imports significant quantities of potash to its global fertiliser company, OCP.
With the implementation of its proprietary (and patent pending) KMP design, the Company was targeting the production of potash alongside several complementary fertiliser products that would have employed the lowest water usage of any potash mine globally, with the elimination of waste brines entirely, in order to create the world's most environmentally sustainable potash mine.
Sia
01.11.2024 kl 18:01
2736
Helt enig. Er jo en selvfølge å melde ting som ikke er i orden, enn denne uvissheten hele tiden. Om du får svar av Zen, kan du jo spørre om USA også. Der meldte de inntekter med en gang. Meeeeeen fortsatt ingen som vet hvor mye.
olje
01.11.2024 kl 17:54
2725
Ikke enig i det, de må klare å holde oss oppdatert om ting de selv melder i tide og utide. Jeg forventer en mer seriøs opptreden fra de, og det asap! Er mye penger for lille Zenit da det er snakk om ang oljesalg og oppstart av produksjon på nesten 100 fat daglig.
TheLondonOiler
01.11.2024 kl 14:54
2766
What updates are you guys actually waiting for? Because the only update that matters at the moment is the first arbitration result.
tsu for all
01.11.2024 kl 13:03
2822
Mr. Cattaneo/Zenith Energy:
Når det gjelder obligatoriske meldinger fra 12. august.
«Zenith kan bekrefte at omtrent 11 500 fat råolje for tiden er på lager, og at et internasjonalt løft av råolje forventes å finne sted innen eller før slutten av oktober 2024.»
«Selskapet kan bekrefte at det arbeider for å sikre at lønnen til feltpersonell er fullt ut oppgjort, og at produksjonen forventes å gjenopptas innen eller før 19. august 2024, med en samlet totalsats på 90 fat per dag fra begge konsesjonene.»
Hva er statusen på disse obligatoriske varslene?
Når det gjelder obligatoriske meldinger fra 12. august.
«Zenith kan bekrefte at omtrent 11 500 fat råolje for tiden er på lager, og at et internasjonalt løft av råolje forventes å finne sted innen eller før slutten av oktober 2024.»
«Selskapet kan bekrefte at det arbeider for å sikre at lønnen til feltpersonell er fullt ut oppgjort, og at produksjonen forventes å gjenopptas innen eller før 19. august 2024, med en samlet totalsats på 90 fat per dag fra begge konsesjonene.»
Hva er statusen på disse obligatoriske varslene?
Blientotre
01.11.2024 kl 10:23
2821
Utrolig frustrerende..
Aldri klarer selskapet å holde børsmeldt lovnader!
Heller ikke å varsle om ingen jobb utført.
Aldri klarer selskapet å holde børsmeldt lovnader!
Heller ikke å varsle om ingen jobb utført.
Sia
01.11.2024 kl 09:57
2781
Da kan vi vel konstatere. AC presterte ikke her heller. Hadde vært mye bedre av AC å melde ingen produksjon, gutta har ikke fått lønn, for vi i ledelsen skal ha bonus. Får sikkert ingen oppdatering som vanlig.
BMU
31.10.2024 kl 22:18
2885
Since Zenith has managed to get such large law firm and heavyweight lawyers.legal help from the Sorbonne recodnaest legal prof.under the conditions ,, no win no pay´´I think is not much left to say from us stock holders:
Let the experts do they work, in the men time we can walk our dog, feed our fish and cross our fingers. ( somone sade beafore in this forum......ops it was me )
If it will give any camphor to any one: I know case flue decades a go where small cap company won the case against Russia. Contry at the time were it was wary difficult for foreign company to succeed in any thing. And they gat paid , and they are still alive ( important the last one)
Let the experts do they work, in the men time we can walk our dog, feed our fish and cross our fingers. ( somone sade beafore in this forum......ops it was me )
If it will give any camphor to any one: I know case flue decades a go where small cap company won the case against Russia. Contry at the time were it was wary difficult for foreign company to succeed in any thing. And they gat paid , and they are still alive ( important the last one)
Redigert 01.11.2024 kl 08:28
Du må logge inn for å svare
MarketGunsling
31.10.2024 kl 11:40
3091
Herman, I think some of your criticisms of Zenith may be unfair, though I understand and, to a degree, share your frustrations with the challenges the company has faced on its projects over the years.
In my view, some of these setbacks, specifically in Tilapia, Yemen, and Tunisia, were beyond Zenith’s control. For example, in Tilapia, Zenith initially went through a formal process to renew their license, only to have it revoked through less transparent means – likely due to questionable dealings. It’s hard to hold the company responsible for this outcome, especially since the new license-holder has yet to make any tangible progress in drilling.
Similarly, the Yemen deal was challenging. Zenith had arranged with OMV to acquire high-value assets, with OMV evidently confident in Zenith's ability to operate them. However, the Yemeni government rejected the agreement for unspecified reasons, probably due to a preference for retaining a large multinational operator rather than a smaller foreign company. Sadly, it’s likely that these assets may eventually end up under local political ownership.
The Tunisian acquisition is perhaps the most forgivable of all. During the COVID-19 downturn, Zenith acted on a rare opportunity to purchase assets producing about 500 barrels of oil per day for £250,000 from two major companies looking to exit Tunisia due to the relatively low production. These assets generated $13-15 million per year, and everything was progressing well until the Tunisian government stopped paying Zenith after the first uplift in April 2022. This move is clearly unlawful, and Zenith’s decision to pursue arbitration is fully justified. Had Zenith continued receiving revenues from these assets, it would have transformed their financial position, avoiding the setback caused by Tunisia’s actions and warranting significant compensation.
In your first post, you suggest Zenith might receive “some compensation,” and later you estimate this at $10-15 million. I believe this figure significantly underestimates both the impact on the company and the typical outcomes in arbitration.
Looking at similar cases, such as Rockhopper’s against Italy and GreenX Metals’ against Poland, Rockhopper was awarded €190 million for an undeveloped asset, and GreenX received £252 million for an asset they acquired for only A$4 million. Both cases involved substantial awards for assets that were not producing, and another poster on this forum has provided an excellent breakdown of the GreenX situation. With these precedents, it’s reasonable to expect that Zenith could achieve an award of at least $200 million – a considerable potential return on the current market valuation of just $8 million, even accounting for newly issued shares and warrants.
In my view, some of these setbacks, specifically in Tilapia, Yemen, and Tunisia, were beyond Zenith’s control. For example, in Tilapia, Zenith initially went through a formal process to renew their license, only to have it revoked through less transparent means – likely due to questionable dealings. It’s hard to hold the company responsible for this outcome, especially since the new license-holder has yet to make any tangible progress in drilling.
Similarly, the Yemen deal was challenging. Zenith had arranged with OMV to acquire high-value assets, with OMV evidently confident in Zenith's ability to operate them. However, the Yemeni government rejected the agreement for unspecified reasons, probably due to a preference for retaining a large multinational operator rather than a smaller foreign company. Sadly, it’s likely that these assets may eventually end up under local political ownership.
The Tunisian acquisition is perhaps the most forgivable of all. During the COVID-19 downturn, Zenith acted on a rare opportunity to purchase assets producing about 500 barrels of oil per day for £250,000 from two major companies looking to exit Tunisia due to the relatively low production. These assets generated $13-15 million per year, and everything was progressing well until the Tunisian government stopped paying Zenith after the first uplift in April 2022. This move is clearly unlawful, and Zenith’s decision to pursue arbitration is fully justified. Had Zenith continued receiving revenues from these assets, it would have transformed their financial position, avoiding the setback caused by Tunisia’s actions and warranting significant compensation.
In your first post, you suggest Zenith might receive “some compensation,” and later you estimate this at $10-15 million. I believe this figure significantly underestimates both the impact on the company and the typical outcomes in arbitration.
Looking at similar cases, such as Rockhopper’s against Italy and GreenX Metals’ against Poland, Rockhopper was awarded €190 million for an undeveloped asset, and GreenX received £252 million for an asset they acquired for only A$4 million. Both cases involved substantial awards for assets that were not producing, and another poster on this forum has provided an excellent breakdown of the GreenX situation. With these precedents, it’s reasonable to expect that Zenith could achieve an award of at least $200 million – a considerable potential return on the current market valuation of just $8 million, even accounting for newly issued shares and warrants.
futureistoday
31.10.2024 kl 11:17
3111
Hvorfor skal den begynne og stige raskt i begynnelsen av november? Den viser ingen tegn til oppadgående trend.. forventninger ang ICC hadde allerede gjenspeilet seg nå hvis det hadde vært interesse. Er på ca all time low, men ingen handel…
SebRiberac
31.10.2024 kl 09:40
3143
Jeg tror vi har sett bunnen i aksjekursen, og jeg forventer at aksjekursen vil stige raskt fra begynnelsen av november.
Barneskirenn
31.10.2024 kl 07:57
3213
Herman* skrev So you think they will pay up?
Siste avsnitt futureistoday skriver er relevant for om de kommer til å betale. Leste for en stund siden at de mottar/ønsker å motta støtte/lån, og hvis de ikke overholder en dom, vil det skape problemer.
futureistoday
30.10.2024 kl 21:00
3378
This is not how it works, you can find more information on arbitrations online. A country can not be forced to pay. No money will be seized from the countrys national accounts.
It is not like the money that have been seized from etap, that is a oil company not the state. There need to be a willingness from the country to pay.
But they can stand to lose international trades and support from other countries. And programs like IMF if they have a outstanding arbitration debt that they do not pay.
It is not like the money that have been seized from etap, that is a oil company not the state. There need to be a willingness from the country to pay.
But they can stand to lose international trades and support from other countries. And programs like IMF if they have a outstanding arbitration debt that they do not pay.