||EPS - Basic
||Market Cap (m)
Gunsynd Share Discussion Threads
Showing 4726 to 4750 of 4750 messages
|At todays quoted price Zenith have already increased more than 50% since GUN took a small stake. With a London listing, liquidity in the shares and additional funds it is likely Zenith will start to move higher to fair value.
Their short term goal is to work over the existing fields to increase production from the current 300 barrels day to 3000.
Always a chance GUN could take more shares in the London listing if they saw fit.
|Good timing comedy - they picked up a nice little investment with Zenith from what Ive read. Producing, low cost ($14 - $16) and can scale up at a steady pace without investment - that said I think maybe a listing over here and a capital raise to accelerate the workovers would not be out of the question.
|just joined you guys...been waiting for awhile for share price to get back here:)|
|bobby.ifa - Guilty as charged !!
And no this is not where the origins of my username lie !!!|
|Anyone else a member of the Evocutis minus 95% club?|
|NAV is now double the current market cap (a big wedge in cash) without considering any upside due to the fact some of their investments have risen significantly (ALBA) or are now producing (BTHL - Tungsten, Zenith - Oil).|
|Another RNS and another purchase in Zenith, small value but huge potential if you read the reserves and research note.
|And research note;
|Zenith news - already producing and will scale up output.
Canada’s Zenith Energy Ltd has received the first two payments for invoices generated for producing Ural crude oil from the Muradkhanli-Zardab-Jafarli field in Azerbaijan during August and September 2016.
“The crude oil was sold to Azerbaijan's state oil company SOCAR and payment was made in accordance with the company's Oil World Market sales Agreement signed between Aran Oil Operating Company ("Aran", the operating company within Zenith's operations in Azerbaijan) and SOCAR,” the company reported.
Payments were delivered to Zenith Aran on October 29 and November 15 in accordance with the company's expectations.
“Additional crude oil quantities have been formally delivered into the international pipeline network by Zenith Aran, creating additional invoices, and issued every 15 days,” said the company. “For the purpose of investor clarification, Zenith Aran's crude oil is transported from the Shirvan oil terminal, domestically through the network of SOCAR pipelines, and then internationally, through Transneft, where it ultimately reaches the Novorossiysk port on the Black Sea.”
As an alternative, Aran may also choose to transport its crude oil to the Mediterranean Sea through the BTC (Baku-Tbilisi-Ceyhan) pipeline operated by BP British Petroleum, said the message.
CEO and president at Andrea Cattaneo Zenith Energy Ltd said that the company is exceptionally pleased with the rapid progression of commercial activity in Azerbaijan and delighted to note that the first payment for crude oil from the Muradkhanli oil field was received two days in advance of the due date.
“The second payment further validates our confidence in the process. These are landmark events for the company as it signals the initiation of a new income stream with significant growth potential and confirms for shareholders that payment terms have been quickly and efficiently respected,” he said.
Already at a production rate of 300 barrels per day, these payments equate to approximately $360,000 per month, said Cattaneo.
“While management has always been confident in the quality and credibility of our buyer, SOCAR, we believe it is important to communicate these results to our international investors so that they may share our confidence,” he added.
The company’s CEO pointed out that given the region's extensive energy infrastructure and its proven functionality, Zenith is prepared to increase the scale of its activities.
“It is our plan to reinvest significant operational cash flow to generate sustainable ongoing investment into the development and optimization of our fields,” said Cattaneo.
Zenith Aran Oil Company Limited is a fully owned affiliate of Zenith Energy Ltd. Zenith Energy Ltd focuses on the acquisition and further development of proven onshore oil and gas fields where production has declined over time, but which are capable of increased productivity following an injection of capital and optimization through its corporate engineering and technical expertise.
SOCAR and Zenith Aran Oil Company signed March 16 an agreement on production sharing, restoration, development and exploration at the block that includes Muradkhanli, Jafarli and Zardab oil fields. Muradkhanli, Jafarli and Zardab fields cover an area of 642.2 square kilometers.|
|Haha just loading it I think tyranosaurus.|
|This smoking gun seems to be heading back to 0.05p.|
|Cash position - 358k at July + 350k raised - £100K spent on Zenith
+ All other investments
- Alba + cash would probably = the current market cap on its own|
UK Regulatory (RNS & others)
Intraday Stock Chart
Today : Thursday 24 November 2016
Click Here for more Gunsynd Charts.
RNS Number : 0607Q
24 November 2016
("Gunsynd" or the "Company")
Further Investment in Zenith Energy
Gunsynd Plc (AIM: GUN; ISDX: GUN) is pleased to announce that it has purchased a total of 731,000 shares in Zenith Energy Limited ("Zenith"), a junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada with an oil production company based in Azerbaijan. This represents approximately 1.14% of the outstanding number of shares of Zenith and the approximate consideration paid was GBP35,000.
On November 21 Zenith announced that the first two payments have been received for invoices generated for producing Ural crude oil from the Muradxanli-Zardab-Jafarli field in Azerbaijan during August and September 2016. The crude oil was sold to Azerbaijan's state oil company SOCAR. These payments equate to approximately $360,000 US per month.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of Gunsynd accept responsibility for this announcement.
For further information please contact:
Gunsynd plc: +44 (0) 20 7440 0640
Nominated Adviser/ISDX Corporate Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker) +44 (0)20 7469 0930
This information is provided by RNS|
|One thing I would like to point out is the directors paid themselves close to nothing (ok 6k but a poxy amount accrued. You dont see that on AIM very often !!!|
|And another RNS [results] out this morning from GUN....
The Company has made good progress with its current portfolio.
We are awaiting proposals from HHDL on the next phase of operations at Horse Hill. The Company sees significant potential for commercial development of both the Portland and Kimmeridge intervals.
Likewise we are very enthusiastic about the nearby and soon to be spudded Brockham side track well which we have exposure to via our investment in Alba Mineral Resources.
BTHL after some issues with ground conditions has made significant progress over the last few months with production increasing from 4.8tonnes of Wo3 concentrate in August to 11.86 tonnes in October. Licensing for the new mine at Tarantula is also well advanced with all the relevant reports submitted to the Mines Department and Environmental Agencies and are now awaiting final approval. Previous drilling at Tarantula has shown it to have ore grades similar to Bodó.
The Company also has a stake in Georgian Mining Company which has multiple (gold and copper) near term production targets identified at its Bolnisi project in Georgia. We look forward to the drilling results there over the coming months.
In November the company invested £100,000 in Zenith Energy by way of a convertible bond. Zenith's main asset is three licences in Azerbaijan currently producing just over 300 barrels of oil per day. Upside potential exists via both working over existing wells and drilling new wells.
In addition the Company has been very active in reviewing additional investments in the natural resources sector and hopefully one or more can be concluded in the near term. We also see opportunities in the short term trading of assets where liquidity and value provide potential for very good returns.
The Board would like to take this opportunity to thank our shareholders for their continued support and I look forward to reporting further progress over the next period and beyond.
21 November 2016|
|Yes very nice RNS this morning from GUN....
Hamish Harris, the Company's Chairman, commented:
"This initial investment by Gunsynd provides an excellent opportunity for the Company to participate in a proven low cost producing field with substantial upside from both workovers and new drilling. The Company looks forward to participating with Zenith Energy in optimising the potential of these three fields."|
|Nice RNS this morning!|
|Can buy OR sell large chunks today -
Either way -|
|to move higher naturally going by the large volume today as is bouncing after retracement.
2 more buys since the moved up paying 0.063p for the 9.5m and 0.062p for the 2.4M, this trade got the MM moving to bid price so now there are 2 MM at bid price|
|What we expecting here guys short term?|
|I managed to hit them hard with the 3M buy @ 0.06p
Did not wanted to do it, asking for premium 0.063p, but I did not come down with the limit and it seems eventually the MM bought 2X500K from the other MMs and managed to do the deal|
|currently cant buy small volume - tick up(s) coming|
|Does anyone think the 20 million options available to the directors at 0.22p (4 times current shareprice) will act as a definite target over the short to medium term?|