Zenith Energy Share Discussion Threads

[cashandcard] 16/2/2017 16:40

Richie666,


What could the co do with $9mln CAD?

Some proper 3D seismic and drill new wells in optimal locations.

Given the risk is not exploring for oil, rather its with drill, completions & maintenance, such an approach will pay for itself.


Cash

[ravin146] 16/2/2017 16:35

11.2% rise and well result not even released yet....plenty of potential here!

[milliecusto] 16/2/2017 15:47

my buy showing as a sell

[richie666] 16/2/2017 13:13

Gents, what I don't believe is in the market at present is the almost certain probability of warrant conversions as detailed in the prospectus. This will bring in upto just over $9m CAD with strikes between 15 & 25c (CAD). We are comfortably through the first 15c trigger now.

What could the co do with $9m CAD?

[mick113] 16/2/2017 11:33

Very nice indeed! Much more upside here this has only just started.

[ravin146] 16/2/2017 10:49

barnetpeter what happened to 15% and then out lol...these bb do make you laugh at times.

ZEN could be the share of 2017. This will be a gradual rise, with the management expected to update shareholder every 20 days on the workover results.

dyor. gla...will be interesting once canada open, maybe prof taking or another run of buys.

[x54v] 16/2/2017 10:45

Chunky delayed buy there.

344,615 shares @ 13p at 9:44.

Nice.

[barnetpeter] 16/2/2017 10:35

Great move today. Let's see if this can be maintained this week. 15p is first target

[ravin146] 16/2/2017 10:20

fillipe...maybe it is meant to be this board. does the other share have ZEN potential this year? haha

[fillipe] 16/2/2017 10:06

edit - wrong board.

f

[sja123] 16/2/2017 09:35

Many juniors come to market on AIM and spend years exploring, drilling and living on hope....meanwhile, they dilute shareholders time and time again with empty promises which never come to pass....

ZEN have pretty much ruled out major equity finance in the short term as a means of continuing operations by taking a main market listing, with all the extra regulation and restriction that entails....so its debt finance or expanding through delivering cash flow....

The CEO is confident enough to forego his first years salary...

Prospectus initially intended one team and workover rig but now could be three...at least two...

The area has proven resource and been a producer of between 9000 and 15000 bpd previously and only lost focus because of political machinations and a change of country emphasis to offshore....

In the lower oil price environment, they already have costs per barrel of <$15 and CEO implies that will come down from there as production ramps up...could be as low as Saudi.....around $8 per barrel I think....

Modern workover and extraction techniques should be able to restore this field in time....if it gets half way back to where it was, upside is considerable....

Lots to like and an exciting share to own this year imo...

All imo etc

[zengas] 16/2/2017 09:27

Yep original target was for Q1 next year

" ZENGAS - 09 Feb 2017 - 07:17:28 - 324 of 435

With a 1,000 bopd target for early next year from Azerbaijan, using 2 rigs should effectively bring that 1,000 bopd target forward by 6 months to Aug/Sept.

In addition they are considering leasing a 3rd workover rig, so operations should really gather pace. "

[cottoner] 16/2/2017 09:21

Zeniths own target was for 1,000 bopd by Q1

For clarification - Q1 2018

[zengas] 16/2/2017 09:11

Beaufort and Align targets at circa 32p and 42p would still be relatively small m/caps.

Zeniths own target was for 1,000 bopd by Q1 but that timeline has now been brought forward with the use of a 2nd rig being employed plus the company is considering using a 3rd rig.

Beaufort said they could surprise and do 3,000 bopd from workovers. That would blow the above 2 price targets away if they do surprise to the upside (under promise/over achieve).

The thing is they have stated they will do new drilling rather than just workovers and intend to acquire a drilling rig for both development drilling and exploration drilling.

It's got over 33 mmbo P2 plus the exploration upside. The flow rates and well results are well documented but if they got a number of stable wells from drilling, doing 500 - 2,000 bopd this could be the makings of a target £250m+ m/cap company.

[cashandcard] 16/2/2017 08:57

The reason I invested, the low marketcap and clear path to meet (and potentially beat) their targets.


Cash

[l2e] 16/2/2017 08:53

Yep UEN....NO WAY plenty burnt in past

This is a far better investment!

[effiert] 16/2/2017 08:48

UEN has a very bad history.. rather stick to a company where CEO has shareholders interests aligned with his own

[basem1] 16/2/2017 08:42

Thanks guys. Anyone here in UEN, similar valuation £12m for 2300 bopd. It's Russia though, hence the discount, it's just started moving again after a serious pullback and there seems like a squeeze on stock.

[sja123] 16/2/2017 08:34

Canada their first public listing but hideously illiquid..they did more trading in London on their first morning listed than they had previously done in Canada in a year!

The reason all want to list here imo.....long may it be so!

[basem1] 16/2/2017 08:31

Is Canada the primary listing ? Assume it's TSX:ZEN ??

[bad gateway] 16/2/2017 08:18

Good to see the breakout, they were paying 12p in canada at the close last night too so still some catching up to play.