Gunsynd Share Discussion Threads

[thehitman1] 12/1/2017 15:01

Sorry, wrong board.

[barnetpeter] 12/1/2017 12:23

Still millions being sold at exactly 4.01 or 2. I am sure these are the placed stock.....I am sure these will go cheaper.

[cpap man] 12/1/2017 11:45

Interview with Andrea Cattaneo, CEO of Zenith Energy [ZEN]



Please see the link below for the interview with Andrea Cattaneo, CEO of Zenith Energy. Andrea discusses how Zenith Energy will aim to triple oil production in 2017.

[cpap man] 12/1/2017 11:35

ZEN are currently trading at sub 8p v target share price of 42p



Zenith Energy

Compelling investment play on Azerbaijan –
sum of the parts target of 42p per share

Zenith Energy has dual listed in London on the standard segment of the Official List in tandem with a private placing raising a net £2.016m at 7p per share.

Zenith has recently built up its existing portfolio by adding a substantial acquisition in Azerbaijan which we believe could propel the company towards a mid-cap oil valuation on a medium – long term investment timeframe.

In Azerbaijan, located in the Lower Kura Basin and around 240km inland from Baku, the Muradxanli Block is the largest onshore oil and gas concession in the country, with three under-developed oil fields offering Zenith both development and exploration upside.

In Italy Zenith owns various gas production and exploration assets. It also owns interests in two small oil fields in Argentina where production has been curtailed after a recent storage tank collapse.

Valuing the Azerbaijan assets using a DCF model based on the new CPR report and adding in the Italian assets, while wary of further capital issues, we have a sum of the parts valuation of 42 pence per share. The Italian assets alone cover in excess of 50% of the market cap, with Azerbaijan providing significant potential value.

[cpap man] 12/1/2017 09:25

Hey novice52 i went through all the ZEN documentation last night including the listing prospectus and i think that scotty666 in POST 15 has basically summed it up very well.

All signed off by a decent firm of accountants as well.

[cpap man] 12/1/2017 08:00

Lord Shifty to you!

[scotty666] 11/1/2017 22:51

Interview on IG with Zenith CEO.

[novice52] 11/1/2017 16:16

Many thanks guys for clarification.

[cpap man] 11/1/2017 15:43

Will try and find again the relevant pages myself tonight as well scotty666

[cpap man] 11/1/2017 15:41

Nearer 500 i think scotty666!!!!

[scotty666] 11/1/2017 15:40

Ok thanks I didn't quite manage all 430 odd pages !!!

[cpap man] 11/1/2017 15:36

Exactly scotty666 there is a very good reason fully explained in the LSE listing documentation.

[scotty666] 11/1/2017 15:21

novice it is due to the business consolidation on Azerbaijan assets, they were eseentially given all the assets ($1Billion or some ridiculous number )and licence etc but have some future liabilities associated in terms of royalty on oil sales and future developments - i dont have the detail to hand so not trying to sound vague intentionally - will dig tonight and try to find the document I am refering to.

[novice52] 11/1/2017 14:55

I am still trying to get my head around $400 million in liabilities. How did tis get past the listing authorities/nomad? $400 million?????? and it's got £2 million in cash!!!

[cpap man] 11/1/2017 12:10

ZEN



IPO 7p / current share price 8p / price target 42p



[AIM listed GUN have a large holding in fully listed ZEN]



Acquisition in Azerbaijan potentially transformative

"Located in the Lower Kura Basin and around 240km inland from Baku, the Muradxanli Block is the largest onshore oil and gas concession in the country, covering 642.4km2 with three under-developed oil fields, the Muradxanli, Cafarli and Zardab Fields and offering both development and exploration upside."

Sum-of the parts valuation suggests significant value

"Valuing the Azerbaijan assets using a DCF model based on the new CPR report and adding in the Italian assets, while wary of further capital issues, we have a sum of the parts valuation of 42 pence per share. The Italian assets alone cover in excess of 50% of the market cap, with Azerbaijan providing significant potential value."

Full note here - hxxp://www.alignresearch.co.uk/cpt-company/zenith-energy/

[cpap man] 11/1/2017 12:09

Lots of buys at GUN today [you just need to take a closer look!]

[cpap man] 11/1/2017 11:52

Wednesday 11 January, 2017
Gunsynd PLC
Zenith Energy Ltd
RNS Number : 9172T
Gunsynd PLC
11 January 2017

Gunsynd plc

("Gunsynd" or the "Company")

Zenith Energy Ltd



Further to the announcement made by the Company on 10th January 2017, the Board of Gunsynd (AIM: GUN, ISDX: GUN) is pleased to note the successful listing today of Zenith Energy Ltd ("Zenith") onto the standard listing segment of the Official List on the London Stock Exchange's under the ticker symbol "ZEN" ("Listing").



Zenith is a Canadian oil & gas exploration and production company and is also listed on the TSX Venture Exchange with the ticker ZEE.



Zenith operates onshore oil fields in Azerbaijan through its fully owned subsidiary, has oil fields in Argentina and significant gas producing assets in Italy. The Company's Italian operations also include the production of electricity and condensate.



The Company's total investment in Zenith, at cost, is now approximately £524,000.



Commenting on Zenith's Listing, Hamish Harris, executive Chairman of the Company, said:



"We are very pleased with the performance so far of our investment and eagerly look forward to more news from Zenith in the future, particularly with respect to its Azerbaijan asset which we believe to contain significant potential in terms of near and medium term production."

[scyther] 11/1/2017 11:46

Novice52 not sure lets see how the first operational rns goes down

[tyranosaurus] 11/1/2017 11:45

42m shares traded in GUN and all appear as sells.
And this is with ZEN doubling in price on day one.

[novice52] 11/1/2017 11:20

Do I read this correctly?
Last annual Report of 29 November page 3 Total liabilities of $462,005,414!!!
and this from page 7
"accumulated surplus of $602,623,046 (March 31, 2016 deficit – $13,645,926) since its inception, and may incur
future losses in the development of its business. Current cash resources will not be sufficient to continue the
exploration and development activities. These conditions indicate the existence of material uncertainties that
may cast doubt on the Company’s ability to continue as a going concern. "
Why are people so keen on ZEN?

[cpap man] 11/1/2017 09:10

ZEN



richie66611 Jan '17 - 08:53 - 3 of 4 1 0 (premium)

Full note here - hxxp://www.alignresearch.co.uk/cpt-company/zenith-energy/

[cpap man] 11/1/2017 08:55

ZEN



New ZEN thread....Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina [ZEN]