Zenith Energy Share Discussion Threads

[aggieuk] 02/2/2017 10:57

https://twitter.com/zenithenergyltd/status/827107733442805760

[aggieuk] 02/2/2017 10:56

Zen just tweeted this:Workover preparations under way at Well M-195 #ZEN #ZEE #Azerbaijan

[mick113] 02/2/2017 01:36

Hi Guys, after being informed & researching, i finally bought a good few earlier today.

Like the 2P reserves in Azerbaijan of 33.4 million barrels of oil & the fields use to produce 9,000bopd, cant see why we cannot reach half of that or more.

Hugely undervalued!

[grannyboy] 01/2/2017 08:39

Isn't it strange..Once the fundraising has been done, the thread goes quiet..

Its obvious that a few posters work for the brokers, not just on this thread..

[aggieuk] 31/1/2017 15:16

https://mobile.twitter.com/BrokermanDaniel/status/826439118758481921

[grannyboy] 31/1/2017 08:50

grannyboy 13 Jan'17 - 11:09 - 94 of 288

Just watched the video with CEO, and at about 9.30 in he was asked whether there would be a need for another fundraising and he more or less admits there will be, but 'obviously' wants the share price to be higher...

"So yes there WILL be a fundraising in the near future."


pondymark 13 Jan'17 - 12:30 - 102 of 288

"Zenith won't be doing a fund raising in the near future"

[cpap man] 31/1/2017 08:20

UPDATE ON DETAILS OF PRIVATE PLACEMENT IN LONDON STOCK EXCHANGE LISTING AND ADMISSION OF SHARES ISSUED FOLLOWING CONVERSION OF CONVERTIBLE NOTES





Calgary, Alberta - January 31, 2017 - Further to its news release on January 13, 2017, Zenith Energy Ltd. ("Zenith" or the "Company") LSE: ZEN, TSX.V: ZEE provides an update on the closed, non-brokered private placement of 33,910,774 common shares of the Company ("Shares") at a price of £0.07 per Share for aggregate gross proceeds of £2,373,754 (the "Private Placement"). The purpose of this news release is for Zenith to inform the market that it paid finder's fees of £113,500 and issued 1,114,286 broker warrants exercisable for 24 months from closing at a price of £0.07 per common share to certain arm's-length parties under the private placement undertaken as part of the dual listing on the London Stock Exchange on 11 January 2017.



In addition, on 30 January 2017, the Company announced the proposed conversion of a tranche of Convertible Notes denominated in Swiss Francs, into 3,700,000 (three million seven hundred thousand) New Common Shares of Zenith. Application will be made for the New Common Shares to be admitted to the standard segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and unconditional dealings in the New Common Shares will commence on or around 8.00am on 2 February 2017.



Following Admission of the aforementioned 3,700,000 shares, resultant from the conversion of convertible notes, and the 9,000,000 (nine million) shares issued from the Private Placement of 30 January 2017, the Company's issued share capital will comprise 111,264,867 common shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company will therefore be 111,264,867.



This figure of '111,264,867' common shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.



About Zenith Energy Ltd.



Zenith Energy Ltd. is an international oil & gas production company, incorporated in Canada, listed on the London Stock Exchange (ZEN) and the TSX Venture Exchange (ZEE).

The main focus of the Company is the acquisition of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities.

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

[potential] 31/1/2017 08:14

Oh dear....

[shokty] 30/1/2017 12:17

Taken a top up ...be rude not to 😀

[zengas] 30/1/2017 11:05

The additional new money should lead to the production target being met earlier.
At the same time also increase the amount of production to the previous target and give stronger cash flow than originally envisaged.

Ultimately it could also bring the company closer to new well drilling and where they believe they could have 69.7 mmbls of reserves (1 field) compared to the current 36.5mmbo P2.

Well cashed up now and still only £10.9m m/cap (9.875p) with over 300 bopd.

[barnetpeter] 30/1/2017 11:03

Looking to add at about 9 pence.

[hearts1] 30/1/2017 10:40

Solves finance for the next few months whilst the results from the work over come in. Maybe a further overhang with additional converts. Overall good news.

[cpap man] 30/1/2017 08:00

ZENITH ISSUES EQUITY TO ACCELERATE WORKOVER PROGRAMME







Calgary, Alberta-January 30, 2017- Zenith Energy Ltd. ("Zenith" or the "Company") is pleased to announce that, as a result of market demand, the Company has entered into an agreement to proceed with a brokered private placement (the "Private Placement") to raise gross proceeds of £855,000 (approximately CDN$ 1,408,000) through the issue of nine million (9,000,000) new common shares of the Company ("New Common Shares") at a price of £0.095 (approximately CDN$ 0.1565) per share.

In addition to the New Common Shares, under the Private Placement, each subscriber will receive one warrant ('the Warrant") for every New Common Share purchased. Each Warrant shall entitle the Warrant holder to subscribe for New Common Shares in the Company at a price of £0.15 per common share (approximately CDN$ 0.247), exercisable at any time until 1 February 2019.



The Private Placement follows the successful dual listing of the Company on the Main Market of the London Stock Exchange on 11 January 2017 when Zenith raised £2,332,550 before expenses via the issue of 33,322,143 common shares. The proceeds of the Private Placement will be used to accelerate the Company's field rehabilitation activities in Azerbaijan and increase the number of well workovers scheduled for completion by 31 March 2018.



The New Common Shares will comprise approximately 8.088% (eight point zero eighty-eight per cent) of the Company's enlarged issued share capital, and are anticipated to be issued as depository interests in CREST in the United Kingdom. Application will be made for the New Common Shares to be admitted to the standard segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange (the "Admission"). It is expected that Admission will become effective and unconditional dealings in the New Common Shares will commence on or around 8.00am 2 February 2017.



Following Admission, the Company's issued share capital will comprise 111,264,867 common shares with one voting right per share. No shares are held in Treasury. The total number of voting rights in the Company will therefore be 111,264,867.



This figure of 111,264,867 common shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

The transaction is subject to the Approval of the TSXV in Canada and of the Main Market of the London Stock Exchange in the United Kingdom.



Andrea Cattaneo, CEO of Zenith, commented:



"The Board of Directors is pleased with the Company's share price performance and liquidity in the period following Zenith's successful dual listing on the Main Market of the London Stock Exchange on 11 January 2017. This has validated our confidence in the strengths and advantages of dual listing. I am pleased that there has been such demand from the market to support the Company's growth and I am of the view that there remains considerable scope for further Zenith market appreciation. This capital raising will provide additional funding for the Company's growth strategy, specifically with regards to the well workover programme in Azerbaijan. I look forward to updating the market on Zenith's progress in the months ahead."





About Zenith Energy Ltd.



Zenith Energy Ltd. is an international oil & gas production company, incorporated in Canada, listed on the London Stock Exchange (ZEN) and the TSX Venture Exchange (ZEE).

The main focus of the Company is the acquisition of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities.

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

[bad gateway] 30/1/2017 07:47

Quite like the 2nd rns. Placing at 9.5p and warrants at 15p so they're cashed up for drilling and as a present holder I don't feel ripped off by the price. Quite unusual for aim imo.

[cpap man] 30/1/2017 07:30

ZENITH FURTHER REDUCES DEBT



Calgary, Alberta - January 30, 2017 - Zenith Energy Ltd. ("Zenith" or the "Company"), LSE: ZEN, TSX.V: ZEE reports that, at the request of its bondholders, the Company has completed a further conversion of Convertible Notes (the "Convertible Notes") denominated in CHF (Swiss Franc), issuing an amount of 3,700, 000 ( three million seven hundred thousand) Common Shares (the "Common Shares") of Zenith with an aggregate value of CDN$ 407,000 (approximately £247,000).

The terms of this conversion were comprehensively outlined in the Prospectus issued by the Company on 11 January 2017, stating that the conversion mechanism requires a conversion price of CDN$ 0.11 (£0.0677).

The Convertible Notes were originally issued in December 2011 for an amount of CHF 1,080,000 with an interest rate of 9% per annum. The outstanding amount after this conversion is reduced to CHF 253,644.00, which is the equivalent of approximately CDN$ 332,500 (£201,832).

It should be noted, based on the most recent quarterly unaudited financial statements filed on SEDAR, that the Company's financial debt is approximately 2% of shareholders' equity.





Andrea Cattaneo, CEO of Zenith, commented:



"It is well known that the demise of many junior oil companies is chiefly the result of imprudent debt undertakings. The Board of Directors recognizes this risk and is therefore pleased by the decision of the bondholder to convert its convertible notes at this time. It also makes sense to issue these shares as soon as possible following the Company's IPO.



Further details on the conversion of these convertible notes will be available in the third quarter interim financial statements and management discussion and analysis for the period ending 31 December 2016. Being a Canadian issuer the Company publishes these documents quarterly, and in Zenith's case, publication is anticipated to take place a month from now."





About Zenith Energy Ltd.



Zenith Energy Ltd. is an international oil & gas production company, incorporated in Canada, listed on the London Stock Exchange (ZEN) and the Toronto Stock Exchange Venture (ZEE).

The main focus of the Company is the acquisition of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities.

Zenith operates the largest onshore oilfield of 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.

[cpap man] 30/1/2017 07:17

RNS out from ZEN

[aggieuk] 29/1/2017 08:10

Marmar maybe he was looking at his level 2 and can see some brokers sitting on 14p to sell and there's not much stock inbetween.....

[cpap man] 28/1/2017 14:00

LOL marmar80 to give that poster the benefit of the doubt....they were posting on the wrong thread about another stock!

[marmar80] 28/1/2017 13:43

Potential, how can you say resistance at 14p if there is no history, the share price never been there

[shokty] 28/1/2017 12:35

Afternoon all ...I decided to take a position here last week ....after completing a hefty amount of due diligence ...I decided this will be my big multi bagger of the year ....😀 very cheap to me and I can see this rerating nicely into the 20s even before any major news ....steady production ...potential to increase exponentially ...large OIP ...could be a very tidy investment ...still under the radar as well as with lots of investors ...

[hearts1] 27/1/2017 20:06

As the placing overhang runs out the amount of stock for sale will diminish rapidly and move the bid higher.Good news on first work over and over 20p.

[cpap man] 27/1/2017 10:15

Market is trying to find ZEN stock and in size for some very serious investors!

Watch this space....AIMHO / DYOR

[potential] 27/1/2017 10:10

Sell price increasing .... we're ready for the next leg up folks !!!!

[potential] 27/1/2017 10:01

#ZEN WOW 11p broken next stop 15p! Only on little volume! Chart is primed now to ?! Well undervalued! Broker note 42p! Plenty of news due!!!

[potential] 27/1/2017 09:11

I second that fella....