Zenith Energy Share Discussion Threads

[effiert] 22/2/2017 08:02

exactly ravin

[ravin146] 22/2/2017 08:00

It is essentially a discounted director buy...good sign that directors are exercising them, as remember they are still paying for shares.

[oakville] 22/2/2017 07:57

Thanks guys.

[zengas] 22/2/2017 07:27

It's a £61,000 purchase. Every company has options. These are all documented and at the same time brings cash in to the company. I can't see a director looking to sell these shares so soon as it would send out the wrong message. To me it appears a good vote of confidence ahead of the workover programme and one has to remember their intention to acquire other regional 'producing' assets.

[mirabeau] 22/2/2017 07:25

Yes, it's dilution but the Director still has to spend C$100k to buy the shares at the discounted price so they don't come free

There are 112m shares in issue. In relative terms that's tiny to many AIM oilers. More importantly how many are in free-float?

[oakville] 22/2/2017 07:21

Is the above RNS just another way of a dilution?

[aggieuk] 22/2/2017 07:06

RnsDIRECTOR EXERCISES STOCK OPTIONS Calgary, Alberta, February 22, 2017, Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE) the dual listed international oil & gas production company is pleased to announce that Mr. Luigi Regis Milano, a Director of the Company, has today exercised options to purchase 1,000,000 common shares ("Common Shares") in the capital of the Company at a price of CAD$0.10 per Common Share and a total cost of CAD$100,000 (the "New Shares"). The Stock Options Plan has been approved by shareholders of the Company at the AGM held on 20 January 2017. Following the issue of the New Shares the Company will have 112,264,867 issued and outstanding Common Shares. An application will be made to admit the New Shares to the Standard Segment of the UK Listing Authority Official List and to trading on the Main Market of the London Stock Exchange with effect from 2 March 2017.

[cottoner] 21/2/2017 14:35

Direct link to latest update from AC - live from snowy Azerbaijan

Great stuff.







Double post - Sorry sja

[someuwin] 21/2/2017 14:02

From a few days ago...

[honestcrook] 21/2/2017 13:51

https://twitter.com/zenithenergyltd/status/834032492747321344

[honestcrook] 21/2/2017 13:47

News on workovers in the next 5 days. CEO just posted Vid on there twitter page. Sounds very good.

[cashandcard] 21/2/2017 10:10

Leaving aside the bloggers, AC pretty has pretty much hinted with current completion methods plus the use of ESP's (which are not being used from what I've read), I will be stunned if they are unable to achieve substantially improved flowrates and production.

The risk here is not presence of moveable oil, its getting the right completion for the immediate subsurface production zone, it seems to differ across the fields.

Cash

[thelung] 21/2/2017 09:59

BrokermanDaniel ‏@BrokermanDaniel 42m42 minutes ago

Sources confirmed that @zenithenergyltd #CEO is on site in Baku Azerbaijan. Expect news is on the way #ZEN Looking good re bopd/workovers?

__________________________________________________________


Is his source the Vox markets podcast???? Hahaha

[effiert] 21/2/2017 09:33

Whispers - ahead of schedule? 13.00 No Opinion

[effiert] 21/2/2017 09:21

full ask being paid now. breakout coming!!

first stop 15p+

[effiert] 21/2/2017 08:34

chart looks ready to breakout out again to 15-18p levels

[thelung] 20/2/2017 22:48

Cash, also from this mornings RNS

Zenith will also be able to evaluate the acquisition of additional production opportunities in the European and Caspian region, building on the momentum of its recent progress to further support the Company's continued expansion

[cashandcard] 20/2/2017 22:10

CM,Thanks for posting that interview with AC. When JW asked him for 3 reasons why investors should follow, did he let slip at the end?'We look forward to the next news update which will be good in terms of production and additional properties' Letting Argentina go so they can double down on more Azeri (or Italian) licenses perhaps.Cash

[effiert] 20/2/2017 17:28

going back up tomm. couldnt buy any shares in the last 10 mins

[ravin146] 20/2/2017 17:16

Ideally they needed to state the 'nominal' value that was paid. Market didn't like the rns, imo due to that. On the whole not worth holding an asset if not returning income and likely to incur costs going forward.Maybe align research can enlighten us.Expect further day of retracing/flat until next leg up as he run up to first well update nears. I'd say around 10days left?!Imo, dyor

[thegreatgeraldo] 20/2/2017 14:59

Cheers ZEN, agree about the Zardab being important, although they're not straightforward workovers. I'll keep the co on my watchlist for now.

[cpap man] 20/2/2017 14:50

Andrea Cattaneo, CEO of Zenith Energy talks on Audioboom



Andrea Cattaneo, CEO of Zenith Energy #ZEN talks about the sale of its operations in Argentina. Zenith operates the largest onshore oil field of Azerbaijan. In addition, Zenith has gas producing assets in Italy. The Company’s Italian operations also include the production of electricity and condensate.

hxxps://audioboom.com/posts/5626578-andrea-cattaneo-ceo-of-zenith-energy-zen-20th-february-2017?t=0

[zengas] 20/2/2017 13:37

tggeraldo

This was prior to the additional $1m net fundraising 3 weeks ago and the use of a 2nd workover rig (and also excludes Italy).

" Through simple workovers, management is targeting up to 1,000 bopd by 1Q18,

The more exciting workover prize is from five wells in the Zardab Field. Two of these each produced >500 bopd before plugging with sand within 1 week. Zenith is targeting 200 bopd from the five Zardab wells which appears conservative.

Well 211 drilled on the main Muradkhanli Field demonstrates the high initial production and low decline rates of the area. Drilled in 1981 it initially produced over 2,000 bopd and after 18 years in 1999 was producing over 1,400 bopd before production stopped quickly and dropped to sub 50 bopd, probably due to a well collapse. It still produces a few barrels today and is a potential recompletion or side-track opportunity.

2017 programme:
Muradkhanli up to 7 workovers including M-195 and M-45
Jafarli up to 2 workovers
Zardab 1 workover - more complex well clean-out work "