Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy LSE:ZEN London Ordinary Share CA98936C1068 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.05p +0.59% 8.50p 8.20p 8.80p 8.60p 8.45p 8.45p 610,131 16:01:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 12.02

Zenith Energy Share Discussion Threads

Showing 11901 to 11922 of 11925 messages
Chat Pages: 477  476  475  474  473  472  471  470  469  468  467  466  Older
DateSubjectAuthorDiscuss
19/1/2018
19:40
So there could be a placing at 7.5p or thereabouts?
2prsimo
19/1/2018
18:56
Lets see what Monday brings then? :)Granny think they need money quick equipment and a load more workover's, apparently they were going to do a general placing but pulled it from retail investors as they have a couple or so "institutional investors" hope its not a bucket shop.
thetoonarmy2
19/1/2018
17:07
hTTps://www.betaville.co.uk/ RARE ALERT: Zenith Energy said to see equity placing Wednesday, 17 January 2018, 5:00 pm Zenith Energy, the Canadian oil and gas consolidation vehicle, may soon see a placing. According to sources claiming to be familiar with the matter, brokers are attempting to place between £500,000 and £1 million at around a 15pc discount to the company's current share price. However, it's not clear what the cash from the placing will be used for...
sea7
19/1/2018
15:54
Placing 15% discount
bionictwat
19/1/2018
15:30
There will be a fundraising at some point to go towards the asset they have announced.. I should imagine it will be after the z21 update and before the z28 result, because z28 won't be a gusher.
grannyboy
19/1/2018
15:20
from the Betaville article:- "Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville..."
brasso3
19/1/2018
15:12
I do not believe there is a placing coming. You are not being truthful that MMs do not want to buy. I can get a quote to sell 200k online at 8.53p right now. If there was a placing of £0.5m - £1m then that would be around 4 - 8% dilution so hardly the end of the world.
brasso3
19/1/2018
14:57
If you like zen look at Uen, 2000 bopd 140,000 usd, almost no debt and 10m market cap... 60 to 85p last 7 days.Cpr imminent and drilling 23m barrel prospect.Tbh they look much better value than zen and they paid a 5c dividend a few months ago. I think the market has missed them.
gregpeck7
19/1/2018
14:42
Topped up again today. :)
brasso3
19/1/2018
12:37
Placing at 15% discount coming story on betaville They were right about MATD
bionictwat
17/1/2018
14:40
Zenith Energy My recent visit to Zenith in Azerbaijan has at least meant that when announcements about wells are made I can picture the scene, today is no different, the Z-21 workover was demonstrated by the excellent Mike Palmer on site before Christmas. So, the workover began yesterday and the coiled tubing unit has been mobilised and will aim for TD of 3,982m where wellhead pressure has built up to 4,300 psi. On Z-28 the company are awaiting ‘imminent delivery’ of resin compounds needed to seal the wellhead after which activity will start here as well. hxxp://www.malcysblog.com/
brasso3
17/1/2018
10:45
It’s fascinating to see how people are so wedded to the notion that if a company is small and underperforming with multiple missed deadlines it must be on AIM. ZEN is an exceptional company, and it’s all of those things, but it’s on the main market!!! Ok, maybe one or two more exclamation marks than is warranted. While we have had frustrating delays, let’s not forget who used to operate the wells, how much they produced, and how long they have been shut in. As for empire building, SAVP is a good case in point, where investors saw a fantastic investment proposition based on three exploration wells, where another company’s extensive drilling campaign in the same rocks produced a 75% plus success rate, and the actual zone the drills are in, a 93% success rate. They then suspended for six months (for the second time) while striking a huge deal to acquire some of the assets of a severely financially distressed company in Nigeria (cue the usual Pavlovian type response to the mention of that country). I was initially annoyed, but having spent quite some time analysing the deal and having spoken to the CEO, I can see how good a deal it is. SAVP bought the assets (with a prodigious $88m of free cash flow per year over the next five years) for about 36 cents in the dollar. Let’s see what Zenith come up with before condemning them. Buffy
buffythebuffoon
17/1/2018
10:44
They must be planning to release some good news with the presentation lined up for the 25th Jan:- Https://www.eventbrite.co.uk/e/cassiopeia-investor-symposium-london-tickets-41005395241
brasso3
17/1/2018
10:39
If one well comes in we will be looking at 500+ BOPD. If both produce then I think 700 BOPD is possible. We know that ZENs operational cost are really low as the local currency (Manat) has been significantly devalued in the last few years. The production costs per barrel are around $10 so at $64 WTI the netbacks are huge. At 500 - 700 BOPD this company will be comfortably cash flow positive. 500 BOPD x 30 days x ($64 - $10) = $810k 700 BOPD x 30 days x ($64 - $10) = $1.13m
brasso3
17/1/2018
10:30
Cash, agreed but current market cap is discounting any production from these workovers at the moment, therefore any workover success will realise value.I also believe MP has excellent experience in developing and producing from these old wells.
coscos
17/1/2018
10:13
hTTps://twitter.com/zenithenergyltd Two new tweets regarding z21
sea7
17/1/2018
09:23
A nice rising support has formed on the chart.
brasso3
17/1/2018
09:00
Brasso3, PPC have actually demonstrated growth in there portfolio. ZEN have not. PS. That diversification is also the reason most smallcap oil firms stretch themselves thin and keep coming back for placements to raise funding. In most cases, its very inefficient use of shareholder funds and leads to value destruction. Cash
cashandcard
17/1/2018
08:59
Cash Agreed but all AIM companies do this. The management call it growth or diversification. We PIs just want them to target the easy fruit and grow organically. You never know, some acquisitions can surprise you. The recent PPC purchase of Puesto Flores annoyed me at first but they have increased production from it by nearly 50% in 3 months.
brasso3
17/1/2018
08:58
coscos, Agree, it may well be. However, the history of the fields production show any given well could IP at 1,000bopd and quickly crash back down to 50bopd. We need to see well subsurface management progress. Cash
cashandcard
17/1/2018
08:55
Brasso, That is also what frustrates me the most. They have (I stress) more than enough of a resource base at M-J-Z fields. If they can build on the back of a positive Z21 &/or Z28, ths will enhance shareholder value without the need to go after new licenses. The thought of setting up parallel operations, increasing the cost base and exposing the company to risky financial obligations when there is no need for it really puts me off this longterm. Cash
cashandcard
17/1/2018
08:50
The target can easily be reached with Z21 but most on here are too blind to see the obvious.
coscos
Chat Pages: 477  476  475  474  473  472  471  470  469  468  467  466  Older
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