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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Zenith Energy Ltd. | LSE:ZEN | London | Ordinary Share | CA98936C8584 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.30 | 2.20 | 2.40 | 2.30 | 2.30 | 2.30 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
17/2/2017 08:21 | The thing that's making me a little itchy though. Why is Zenith working so hard on the PR? They really have no need to unless it's purely to get the share price up for AC's payout next year? I'd be very surprised if he was doing this just for the shareholder base. Not that I'm complaining as I'm benefiting too, but being used to dodgy AIM shares and being burned several times, I'm a little wary of this type of thing now. | aggieuk | |
17/2/2017 08:17 | Whilst i respect your views very much ZENGAS we will have to agree to disagree with regards to DARWIN | cpap man | |
17/2/2017 08:16 | Andrea will be presenting at momentus events and now confirmed at Master investor and U.K. Investor so clearly happy to talk to investors. | scotty666 | |
17/2/2017 08:16 | Zengas, let's worry about that later down the line. there is no doubt that down the line, funding will be required to go onto the next stage...warrants or loans. Workovers need to be a success, most important part of this year, or even the first 1-2 months, as we will get an idea of the success rate on the best/or largest wells. 20 days from the 9 of feb until the first set of results according to the recent rns, so looking forward to that. imo, dyor | ravin146 | |
17/2/2017 08:16 | CPAP Man who do you think are the company employees here on advfn? I've not really spotted these people yet. | aggieuk | |
17/2/2017 08:08 | nt - I agree with you, but I do think as things progress the use of additional rigs may be stepped up. The company doesn't have full control over when the warrants will be exercised. There's absolutely no difference in drawing down from the available Darwin loan facility "or the purchase of a new Chinese workover rig to be financed by the manufacturer". It's a loan whatever way you look at it and will depend what the interest charges are. Also in the future - they intend to buy a drilling rig capable of reaching 4500m to drill 5 new wells in 2019. That's only 2 years away and was based on them only having the 1 workover rig. With 2 w/over rigs that could bring new well drilling closer ? That imo is likely to be financed and i'd prefer that rather than dilution to raise the funds to kick start it whenever that time comes. | zengas | |
17/2/2017 07:35 | Also totally agree with ravin146 - remembering that old saying....ROME WAS NOT BUILT IN ONE DAY | cpap man | |
17/2/2017 07:33 | Totally agree with you there Divmad - as there are obviously some posters here closely associated with the company [by the way i see that as a positive not a negative] i for one would really appreciate the message getting back to the powers that be.... NO DARWIN PLEASE....just use the WARRANTS EDIT: the are so many examples of where the likes of DARWIN have absolutely destroyed shareholder value so best NOT TO GO THERE | cpap man | |
16/2/2017 23:49 | Zengas I didn't read that as a third rig. More that the company's preference was to work in house. Therefore a consideration is to buy another rig to replace the 'Team b' and so keep everything in house. Regards, nt | nametrade | |
16/2/2017 22:34 | As I said earlier, let's learn to walk before we fly!Workovers planned this year. If the first few a ridiculously great. Then it could be accelerated quickly with share price flying and funding available.Gla | ravin146 | |
16/2/2017 21:50 | Please, no Darwin drawdowns. | divmad | |
16/2/2017 20:02 | They have a loan facility in place they could tap before May if required....or could probably extend... Also, as mentioned earlier, there are something like 48m warrants to convert over time... A combination of both income sources means they have options....some dilution is inevitable with those warrants anyway eventually... The main thing is, should they wish to accelerate things even more than so far planned, they can do so in an orderly manner... | sja123 | |
16/2/2017 19:22 | We know there can be NO further placings this year. As ZEN is listed on the full market (not AIM) they're restricted to placing no more than 10% per year , which they've already done. | cottoner | |
16/2/2017 17:06 | From the prospectus.... £20,000,000 Loan Facility with Darwin Strategic Limited (acting on behalf of Darwin Capital Limited) On 13 November 2015, the Company entered into a £20,000,000 (circa CAD $37,200,000) unsecured loan facility for general corporate purposes (the “Facility̶ Limited (acting on behalf of Darwin Capital Limited) (the “Lender” certain conditions precedent and the approval of the Lender, a minimum sum of £100,000 and up to a maximum sum of £2,000,000 for each tranche can be drawn at any time up to 13 May 2017. Each drawdown is at the Lender’s absolute discretion. The Loan accrues interest at the rate of 12% per annum on the amount drawn and is payable quarterly in arrears. Each outstanding drawdown is repayable on the third anniversary of the first drawdown date. The Company may prepay the loan, in whole or in part, at any time and without penalty. A one-time fee of £25,000 was payable to the Lender on signing of the facility letter (satisfied by issuing the Lender with 526,705 Common Shares). Provided no monies are owing under the Facility, the Company may terminate the Facility with immediate effect by written notice and the Lender may terminate the facility on the one year anniversary of the date of the facility letter. The parties can mutually agree in writing to terminate the Facility at any time. As at 21 December 2016, the Company had not made any drawdowns under the Facility. | sja123 | |
16/2/2017 16:54 | Don't they still have an undrawn $20m loan facility with Darwin to May of this year for any funds to be drawn down if need be. Maybe they will renew it in due course. They said last week that they are considering the use of a 3rd workover rig - either by buying a pre-owned rig or a new Chinese one to be financed by the manufacturer. Given their plans were based on 1 workover rig, they could possibly do in 1 year which would have taken 3 years. Longer term they were planning to buy a drilling rig for new wells - but if they ramp up the workovers successfully, then new drilling on high impact wells could be a lot earlier than previously indicated. | zengas | |
16/2/2017 16:48 | That's a long term propect. Short/medium target is simple.Workover, workover and workover to get the first dozen or so wells producing multiples it's current bopd.Let's learn to walk before flying! | ravin146 | |
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 | cashandcard | |
16/2/2017 16:35 | 11.2% rise and well result not even released yet....plenty of potential here! | ravin146 | |
16/2/2017 15:47 | my buy showing as a sell | milliecusto | |
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? | richie666 | |
16/2/2017 11:33 | Very nice indeed! Much more upside here this has only just started. | mick113 | |
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. | ravin146 | |
16/2/2017 10:45 | Chunky delayed buy there. 344,615 shares @ 13p at 9:44. Nice. | x54v | |
16/2/2017 10:35 | Great move today. Let's see if this can be maintained this week. 15p is first target | barnetpeter |
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