Nå er nettsiden til selskapet oppdatert

https://www.zenithenergy.ca/

Oppdatert og oppdatert fru Blom. Det står at de har assets i Azerbaijan og Italia og ikke noe mer enn det. Også rotete og vanskelig lesbarhet synes jeg.

Svakt, men de er vel ikke ferdig.

https://www.zenithenergy.ca/operations/

Det er sant, noen kjempeoppdatering var det ikke, men det hadde skjedd noe da 😊

Når kan man forvente noe håndfast om Tunisia? Eventuelt fremgang med Talipia planer?

Hvert sekund 🙈🙈🙈.
Burde være op over..

WA
Congo
AS
Coro

Her er de folk som skal ha tak i billige aksjer. Store poste på kjøp nedover la de svette.

Tradisjonelt er det ikke lang tid mellom meldingene fra selskapet, så noe er i tuben snart. Hva og hvilke som kommer først, er ikke godt å si. Men CEO er på kjøperaid, så noe kommer.

Nogen tør ikke vente mere 🙈🙈😃😃

Her knalder det snart 💥💥💥💥💥

Noget siger mig at det bliver en god fredag😷

Aqualight 🇩🇰🇳🇴

Har du hørt noen rykter? 🤔🚀😁

Ikke dårligt 😃😃

https://mobile.twitter.com/zenithenergyltd/status/1261240297582985217

Så bra. En venter bare på at det skal ta av i ZENA

Hva var nytt her?

Dette er triste saker, helt død og oljeprisen i godt driv oppover.
Spørsmålet er også om ett slik selskap har «livets rett» i disse tider. De må fortsatt investere for å få opp enndråpe olje, i en verden som egentlig oversvømmes med alt for mye, og skulle oljeprisen komme opp i akseptabel pris settes land riggene i USA/Canada i gang igjen. Er vanskelig å se oljepris over 40 dollar i uoverskuelig fremtid,

Er nok ikke oljerelaterte aksjer, som er de mest "sexy" for tiden. Med stadig økning i oljepris grunnet balanse i markedet allerede, tror jeg at dette endrer seg.
Avtaler og investorer må komme på plass, så rykker nok denne opp igjen.

Denne burde være på vei til 0.33 nå ref fundingen til araberene.....når blir dette spikret tror dere?? Oljeprisen går mot 40 dollar før sømmeren.

Brikkene detter på plass så snart Congo avtalen spikres. Da blir de funding, boring, produksjon.. Husk at det er gunstig å bore i disse tider. Som går i favør zena

Håper ikke folk nå selger aksjer til dumpingpriser nå. La dem svette litt og heller kjøpe seg inn oppover

Ser ut som at selgersiden er ganske liten nå, tror nok de som ønsker 1.800.000 aksjer må smøre seg med tålmodighet eller øke budet.
Stay cool.

Ligger en skjult selger på 0,1145.
Tror denne blir tatt ut snart, idag/imorgen....

Du har rett i det. Vi får se hvor utømmelig han er. Har gått mange idag på 0,1145. Vi får ta en vareopptelling ved børsslutt.

Ble også tatt ut en del i går på samme nivå.. vi nærmer oss..

You raised some very interesting points in your post earlier today, which I have broken down into individual points and addressed below:

1. “How will Zenith service the 12.5 million loan which has been novated from AAOG Congo to Zenith Energy? Or have I read this wrong? Zenith can of course subsequently offset any interest payments as being deductible, but they still have to pay it no?”

No, the loan is from one division of AAOG to another. The novation of the loan is to transfer the debt from AAOG to Zenith. Technically this is a debt owed TO Zenith now for the work done in the past and it will have a tax advantage if AAOG Congo start to generate income (ie the debt can be paid back without tax being due on the money)

2. “I noted that part of the overall transaction was that Zenith would need to obtain regulatory approval from TSX, however, de-listing from TSX has removed this hurdle? Interesting move? Financial reasons as stated or avoidance of anticipated TSX approval problems? who knows really..”

I assume it is a bit of both. The TSX always seem to want to sign off on anything from the issuing of new shares to the acquisition of assets – though they never seem to have rejected anythign. Also, the market is dead at the moment (unless you are in the marijuana industry I believe). I assume that delisting from the TSX is a combination of financial benefit and less admin headaches. I will certainly save some money – though how much is anybody’s guess.

3. “Zenith are supposed to be committing, therefore presumably need proof of their ability, to fund a $5.5m work program for Tilapia, also they need to pay the brown envelope or 'signature bonus' capped at $2m (if they pay in one lump sum), or a higher figure if they need to pay over time.”

Once Zenith have Tunisia and West African production assets up and running these and Italy will deliver $4.8 million in revenue per annum which would enable them to service borrowings of approx. $4 million. Getting the SNPC money agreed on a payment schedule would allow debt to be raised against it and would deliver $5 million (which would effectively be serviced by the SNPC). The Arab investment at 2.5p is potentially another $2 million. So in total we have $11 million that can very easily be coming into the company which is more than enough to get the Congo going with millions of dollars in leeway already built in.
The signature bonus is just a cost of doing business to get the license renewed. As with all business deals it is negotiable and it certainly shouldn’t be anything like $2 million as that figure was put in place when oil prices were much higher. I reckon it will be less than half of that – after all the deal to acquire Tilapia was originally meant to be $1 million but was actually closed for $200k.

4. “They will need to confirm those appointments for in-country negotiators that were mentioned back in Jan or Feb, and they will have to set up an operational base. Realistically and to give them some headroom on finance they need $10m to get going in Congo alone. Repayment of any monies to Zen is likely to be conditional upon Zen tipping their own money in and after some success has been achieved in getting to the oil ( so that's a never then in real terms). “

It won’t be anything like $10 million to get it up and running. We know that the workplan for Tilapia states that the budget is $5.5 million and the Zenith share of this is only 56% ($3.15million) anyway. Even with another $1 million for the signature bonus, this is only just over a third of the $11 million that I said was possible to raise based on the points above.

5. “If I read it correctly about the 12.5 debt, plus the funds required for each of the other projects, Italy, Africa, etc, Zen need oohh-err, a lot of cash. They could drip feed payments on the debt, but it would sit on the balance sheet until they managed to get full throttle on oil production upwards of 3000bbls a day or some such figure and then pay it down.”

You have allocated $12.5 million as a debt owed by Zenith when in fact it is a debt owed TO Zenith (albeit one that is more an accounting technicality than an actual debt). So that puts things in a better perspective. Frankly, at the moment ZEN appear to have very little debt as they have paid most of it off over the last 12 months. This means that while they will certainly have to put cash into each of the projects to get them going this will be money directly into the projects not to pay off acquired debts.

6. “Seems to me that the investment case here now is extremely high risk compared to the initial model of slow but sure small incremental production increases from a hundred or so wells spread across the biggest ahem oil field in Azerbaijan when the POO was double and the production to Zen was 350bbls a day and there were about 120m shares in issue and cash in the bank. “

I could not disagree more. You are assuming that it is high risk because you have misallocated $12.5 million of debt that does not exist and you are also ignoring the fundamental flaws in the Azerbaijan strategy which is the “all eggs in one basket” problem that I have been harping on about for the last few weeks. It frankly does not matter that you are producing 350 bopd and can sell them at $60 if it is costing you more than that to get it to market. If you look at the 2019 accounts (page 74) you will see that by the time you factor in the general and administrative expense to the Azerbaijan production that it was costing Zenith CAD$165,000 a year to produce any oil there. This is not a sustainable business and hence why they must have got rid.
Now we have a company that is about to acquire production assets producing approx. 700 bopd and also has two sizeable exploration opportunities that look very likely to be able to be funded out of debt.
If I was Zenith, what I would do is focus on the Congo and try and get this to a level whereby it began to produce. AAOG’s target was always 5,000 bopd but even 500 would be great and then make it self financing going forward. At that point I would return the focus to Azerbaijan for an exploration push. But that us just me, The great thing about having two separate assets is that if the situation changes and it becomes better to go for Azer rather then Congo then we can pivot and do this anyway.
Whichever way you look at it Zenith it a much more exciting company with far more upside potential now that it was 2-3 years ago.

7. “Someone needs to take up those 25m bonds at a 10% coupon that come with no guarantees of repayment. “

This is clearly why Zenith are so keen to acquire production assets. Once they can show that they have cash income coming in to service the bonds then that is a $25 million line of credit that is already set up and ready to go.

8. “Still no news on the promised review of corporate overheads and salaries.”

I agree with you here. I definitely want to seen some trimmings of both of these coming out soon – I guess you could argue that a start has already been made on this by delisting from the TSX.

Also (and I almost forgot about this) I believe from the 23rd April RNS https://www.lse.co.uk/rns/ZEN/receipt-of-payments-from-socar-xp6r2gphlq7tpt8.html that Zenith are still due another $1.2 million from SOCAR which can go into the exploration development pot as well - taking it to a potential $12.2 million by my calculations.

Tipper det kommer en melding med info ganske snart. Det pleier jo å komme mer enn 2 meldinger på en mnd ....så tiden er inne. Tipper at finansieringen på 0.33 pr aksje snart blir signert. Blir spennende på fredag for oljen stiger og US er opp.

Hva tror/ tipper folket her at kursen på Zenith vil være 12. Juni? 😊

Uten konkret melding ser jeg for meg at kursen er der vi er nå +/- noen prosent omtrent uten omsettning som nå. Viss det kommer noe håndfast bra, så er det umulig å tippe.

Takk 😊

Hvis WA og Congo aftale kommer ligger vi i 0,25-0,3 kr 👍👍😃

Spændingen bliver snart udløst 👀👀💥💥

Spennende! 😃

Hvorfor hvis 🤔 det kan da ikke være der tvivlen ligger!! 😁

Aqualight 🇩🇰🇳🇴

Hvis markedet var 100 % sikre på de kom, havde vi ligget der 👍👍😃😃.

Markedet vil have fakta, ikke hvis og når.
Det har AC brugt for mange gange 😃😃

Ordet er FAKTA, intet andet 👍👍

Det er ikke meldt om noe som vil skje, var berre nysgjerrig på hva folk trur/ antar kursen vil være 😃

Lastet ned aksjer i Idex og 5th Planet i mars for en kurs på 0,35 til 0,37. Det var det samme som hos zenith ingen omsettning og lite intresse. plutselig økte den masse og alle skulle kjøpe den. Ser likhet med Zenith også så er bare og laste ned nå når folk selger seg ut på lave kurser. Lastes selv opp 300 000 aksjer til på onsdag til ned på 0,10 tallet. Håper jeg får en opptur på denne aksjen også. 5th planet står i dag i 2,92 så der har jeg en 8 gang og på Idex har jeg ca 5 gangen. Så det er nok muligheter for minst tregangen her uten problem uansett hva folk sier her inne. Mine DNO aksjer har også neste doblet seg.

Økte mitt antall aksjer i dag ser at der ligger en skjultpost på 0,1095, ønsker selgeren alt godt og håper han kommer seg ut av aksjen. Det er bra for den som ønsker å delta på denne reisen, at noen selger på disse nivåene:)

På tide noen sender en epost til ledelsen og etterspør mer info. Er lei at denne fortsatt ligger i kvikksanden 😎😎

Kan melde fra AC at alt er on track og har god fremdrift fra forskjellige prosjekter.
Han er komfortabelt og harbdet veldig travelt!!
LOI avtalen er fortsatt valid :)

God helg!

Det var godt å høre....kanskje det blir dyrer å komme seg inn etter hegen da? :)

Vekst minner meg om en aksjonær i TSU som også påstod han hadde kontakt med ledelsen. Vi så hvordan det gikk. Det var masse påstander og løgner om lovnader som det aldri ble noe av.

Hvor seriøst er et selskap som har en CEO som formidler slikt til en enkeltaksjonær uten å informere hele markedet samtidig?