Zenith Energy Share Discussion Threads

[ravin146] 21/3/2017 16:34

Zen and ptr, 2017 is the year for both imo

[thegreatgeraldo] 21/3/2017 16:15

That fiver been burning a hole in your pocket? ;-#))

[currypasty] 21/3/2017 16:12

made a start with 50


edit, 50k
ps its 11.0 to buy, 10.88 to sell

[currypasty] 21/3/2017 16:08

toon, is it safe to have a punt on these yet? Every other share I have seem to be infested with historic options/warrants and convertible loans at peanuts to the shareprice! AST keeps trying to move up, then hit back. I passed on the BZT offer, another load of duffers.

[thetoonarmy2] 21/3/2017 16:06

Ravin just got another300k of zen that's defo enough now it wasn't the easiest buy either but a kill or fill seems to have worked

[ravin146] 21/3/2017 14:23

Some chunky buys going through recently...expecting news to be released soon!

toon, nope. You don't need to be on twitter just google zenith energy twitter, and click to their tweets.

GUN selling for quick buck (have a look at their shares price...pretty poor investment/selling decisions so far then lol)...they are silly not to hold until first results...as CEO said recently stated "massively undervalued"!

imo, fyor

[thetoonarmy2] 21/3/2017 13:43

So GUN have now converted £100k loan note to 1.6 mill shares equivalent of 6p a share nice return for them so ZEN have no more convertible debt then ?

Ravin not being a twitter user any further on the Sub pumps being installed, we should hopefully start to see a turnaround in S/P in fact I may just get some more see if I can do a Kill or Fill.

[john_l] 21/3/2017 13:40

Downward pressure attributed to gunsynd selling forward sold ?

[ravin146] 20/3/2017 17:12

Twitter 3hZenith Energy? @zenithenergyltd#ZEN #ZEE Team A installing new submersible pumps at M-70 #Azerbaijan #largest #onshore #oilfield #rehabilitation #development

[ravin146] 20/3/2017 17:10

https://m.youtube.com/watch?v=H5hcLq5iLoY

[thelung] 17/3/2017 20:49

New interview on YouTube - momentous events

[thegreatgeraldo] 16/3/2017 17:17

I assume you're joking.

Wonder if ZEN will be amending the holding RNS, GUN reckon they sold 890k shares

[aggieuk] 16/3/2017 17:00

From what I heard (not gospel of course) but GUN are down to a few pennies, so I doubt there is anything untoward going on, just money for their ridiculous wages.....

[cashandcard] 16/3/2017 15:15

Let them go. A drag if anything.

Just a small increase in production will be enough to validate the merits of the project.

Fair enough, better team B get on with trying to achieve the best result. No point putting out nonsense RNS's.

Cash

[scotty666] 16/3/2017 14:50

Seems GUN were selling a few over the last weeks - got a decent average for that little tranche of 890k shares

Disposal of Shares in Zenith Energy Limited
Gunsynd announces that it has disposed of 890,909 shares in Zenith Energy Limited ("Zenith") at an average of 13.02p for a consideration of GBP116,000. Gunsynd now holds 5,527,234 shares in Zenith representing a total of 4.95% of Zenith's total issued ordinary share capital.

[scotty666] 16/3/2017 14:48

Its tricky getting the balance between over & under communicating to be honest, that they did not even give it a mention leaves a doubt in ones mind if they have some issues - the good thing for ZEN is it not an all or nothing scenario like many oilers on AIM.

[robg88] 16/3/2017 14:28

I don't get the criticism for not releasing a further update on M-195.
If you read ZEN's last RNS on M-195 it says "Zenith is pleased with the performance of workover Team B and will provide a final update when the workover of Well M-195 is completed"

We want results not updates and the Company knows this...

[thegreatgeraldo] 16/3/2017 12:23

I assume M-195 is still work in progress & there's presumably sound logic in handing over M-45 to the inhouse team. Rather begs the question as to what the outside contractors will work on after M-195.

[coscos] 16/3/2017 11:05

I don't view the omittance of M-195 news negatively. It's obvious they will RNS the news separately when ready to do so.
I also like the way they are incentivising both teams with regards to the work programme. Keeps them on their toes.

[thegreatgeraldo] 16/3/2017 09:37

M-45 was originally assigned to the outside team & has now been brought inhouse. Not impressed that M-195 wasn't mentioned this morning - a simple update would have done

[2nell] 16/3/2017 09:30

They are installing new pumps perhaps that 1,000 bopd is not to far off!


Effective today, Team A, has begun field rehabilitation activities at the Muradkhanli and Jafarli fields. Team A has been assigned the installation of new submersible pumps at wells M-70 and M-48 in the Muradkhanli field and well C-34 in the Jafarli field. These operations will provide a good testing exercise for Team A's technical capabilities and its efficiency in working as a team prior to being assigned a technically more demanding well workover.

[cashandcard] 16/3/2017 08:54

I will say they (Team B) need to pull their fingers out and get M-195 flowing. Its been over a month now on what was thought to be a 2-3 week workover. Until then the share price will probably drift.


Cash

[sja123] 16/3/2017 08:54

From the prospectus...

"On 13 November 2015, the Company secured a GBP 20,000k (CAD $37,304k) unsecured loan facility (the “Loan”) for general corporate purposes with a Cayman Islands based fund, Darwin Capital Limited (the “Lender”). The Loan can be drawn by written notice given by the Company. Subject to satisfaction of certain conditions precedent and the approval of the Lender, a minimum sum of GBP 100k and up to a maximum sum of GBP 2,000k for each tranche can be drawn at any time from the date of the Loan agreement for a period of 18 months after such date. 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 GBP 25k was payable in cash or by issuing common shares of the Company to the Lender on signing of the facility letter. As at 31 March 2016, the Company had not drawn down on the Loan."

It would appear that this loan facility expires in May 2017.....although I'm sure it could be extended for a fee....

Scare stories about placings seem a little silly when taking the above and their main market listing into consideration...

All imo etc

[zengas] 16/3/2017 08:51

I don't see why a joint broker would be anything untoward given what's been intimated from the company over the past few weeks. They may be touting for business and could be useful going forward.

The undrawn $20m debt facility expires in May which is only a matter of weeks away. That may be in place from better times re the oil price and may need renegotiating if they want to keep it.

If as the company said recently in the last few weeks that they are looking at acquiring producing assets, then how will that be financed and how close is the acquisition of any additional opportunity ?

Also they are intending to buy an actual drilling rig to start drilling 4 new wells next year - again hows it going to be financed ? Debt, part cash or financed by the manufacturer ?

The above is 2-3 things that brokers could be working on. I don't see why it should be seen as detrimental when we already know their plans for a rig and acquisitions.

Yesterday it was questioned why team A wasn't working when it was already said by the company that the rig was under refurbishment and today we have it announced as back in operation.

Whether a placing comes or not, i don't see it as any big deal knowing what their intentions are. As regards same re issuing new shares, is it calender year or the companys own 12 month financial/trading year reporting period. Their financial year appears to ends 31st March as their last 9 months consolidated financial statements were issued for the period to 31/12/16.