Zenith Energy Share Discussion Threads

[ravin146] 16/3/2017 08:50

Decent update, all systems go and both teams A and B are now focused as discussed at the investor call, picking the best team on the best asset...makes sense.

Also ZEN own working rig on the field!

Under estimate, over perform!

Remember the target is 1000 BOPD by end of March 2018.

CEO, "massively undervalued' atm

[cashandcard] 16/3/2017 08:30

sja123
16 Mar '17 - 08:28 - 826 of 827 0 0

They have a debt option in place already for £20m with Darwin....which can be drawn down £2m at a time....

----------------------------------------------------------

Is that debt or debt-for-equity?

The former is acceptable, the latter is not.


Cash

[cashandcard] 16/3/2017 08:29

Disappointing no news on M-195 w/o. However, interesting bit was this;

"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"

Wells on Jafarli flowed 500bopd. If they can get similar numbers, then excellent.


Cash

[sja123] 16/3/2017 08:28

They have a debt option in place already for £20m with Darwin....which can be drawn down £2m at a time....

[timw3] 16/3/2017 07:57

Filter and mock as much as you like. I will have the last laugh when a placing comes!

[solarno lopez] 16/3/2017 07:49

Unfortunately whatever your discussions chaps ALLENBY are poor at fund raising

[thelung] 16/3/2017 07:49

So, we now have 2 teams in operation and the next 4 wells named for Team A. Team B need to come up trumps on M-195 if they want the future rehabilitation work overs as opposed to installing pumps. I was expecting some update on M-195 completion.

[substp] 16/3/2017 07:48

Working capital
A company seeking a Premium Listing is required to
satisfy the FSA that it has sufficient working capital
for at least the next 12 months. On a practical level,
this is generally satisfied by the working capital
statement to this effect included in the prospectus
and the sponsor’s declaration to the FSA. By
contrast, an issuer seeking a Standard Listing need
not have sufficient working capital for the next 12
months, although if not it would need to explain in
its prospectus how it intends to procure such
capital. To support the working capital statement
and, where applicable, the related declaration, the
company and its accountants will prepare a working
capital report. The sponsor will review this report
and conduct other related due diligence.

Adobe Page 34

[sja123] 16/3/2017 07:44

timw3....filtered.....very obvious

[aggieuk] 16/3/2017 07:44

Yeah exactly, have they withheld your cheque for being so bloody useless? LOL

[thelung] 16/3/2017 07:43

timw316 Mar '17 - 07:41 - 816 of 817 0 0 (Filtered)

[thelung] 16/3/2017 07:42

4 days on ADVFN? Hahahahahahahaha

[timw3] 16/3/2017 07:41

Paid deramper? Lol

[aggieuk] 16/3/2017 07:34

LOL that was even after I mentioned it was a main listing yesterday! LOL some of these low paid derampers really do show their incompetence and why they are only worth the 1p a post lol.

[thelung] 16/3/2017 07:22

Little Timmy, you do know ZEN have a main market listing and no more placings this year and if ZEN do need cash it will be debt based and more than likely for a new Italian acquisition??

Don't trust someone who created their avatar 4 days ago - each to their own I suppose.....

[timw3] 16/3/2017 07:16

RNS. announcement of Joint broker. Usually a sign of placing coming.

this is why i prefer AAOG to ZEN. Dont trust the ZEN BOD.

each to their own i suppose. gl

[scotty666] 15/3/2017 21:18

Dilpa no one seems too bothered by the Align piece for many of the reasons you mention. I think he is from the same stable as brokermandan etc. if you see his posts on twitter .
Good luck

[dipla] 15/3/2017 19:23

Richie, appreciate the prompt and clear response on the PVR board.Is it not right for you, as a research firm taking positions, and in this case relatively short period to explain a sudden change in approach and prevent loss in credibility going forward?Investors looking at a company, reading your, alignresearch's research on other firms, would surely now take your view/research with a pinch of salt, considering you have a position and change views in short periods of time, when let's say a month earlier you were basically stating long term growth?! Imo, sadly I've lost credibility for research which is connected to having a stake in a company, I'd rather have firms paid for research and research only, not taking positions and promoting it whilst also holding hands with the CEO and once a curve ball arrives throw the toys out of the pram.Gl though it's not for me. Imo, dyor.

[barnetpeter] 15/3/2017 19:22

Yep I'm in!!

[thelung] 15/3/2017 18:23

TheLung14 Mar '17 - 17:14 - 794 of 808 2 0 Edit
You're about the only one on here who does!

They had the opportunity to back it up at the time and didn't......

[dipla] 15/3/2017 17:34

Richie I see you have posted on the LSE thread...will alignresearch provide a view on their recent comment on ZEN or was that an error?dipla - 14 Mar 2017 - 17:10 - 793 of 807 - 2Richie666 still posting on pvr...why have you stopped posting here?! dipla - 12 Mar 2017 - 11:09 - 781 of 792 - 4So alignresearch/richie666, genuine question....what is your current view on ZEN, have you stopped giving a view on this company? If so why? If not will you publish a new blog to comment on your mistake recently?Look forward to your view. Thanks

[aggieuk] 15/3/2017 10:44

Plus don't forget no more placings as they've used their yearly allowance up already. So any more placings will be in 2018 at the earliest. Due to being on the main market of course.

[zengas] 15/3/2017 08:45

Patience the name of the game. They already demonstrated that they can lift production from 275 - 300 bopd prior to this market listing. A delay on one well (waiting for a specific tool) is certainly not time to run for the hills under a newly registered 3 day old moniker.

Isn't Zeniths own rig still being refurbished and due back shortly ?
A drilling rig for new wells being sourced and possible new production assets being added in due course.

M/cap is barely £12m (11p) at 300 bopd with 33 mmbo P2 so hardly high risk relative to current value. By all means sell imo if it's £50m - £60m m/cap and no change in circumstances but at this level it remains extremely good value. Milestones of 500-700 bopd would be transformational imo re m/cap.

PPCs announcement this am (500 bopd Argentina/200 Louisiana production) and just a tad over 20 mmboe P2 with a m/cap of £60m.



Peter Levine, Chairman, commented:

"The Company's 2P Hydrocarbon Reserves are comparable to companies whose market capitalisation is a multiple of President's. Whilst five separate fields in the Concession have each their own characteristics, with the 2017 workover programme the key factor is to increase the production to reserves ratio."

[cashandcard] 15/3/2017 07:52

timw3,AAOG, looks very exciting play based on the thin shallow and 'post salt' Mengo zone. The main attraction is the deeper 'pre-salt' zone the Djeno. That is certainly not a dead cert - significant exploration risk.A lot of your questions also need addressing by AAOG. Consider, ZEN are producing 300bopd plus electric generation in Italy. AAOG are producing 38bopd in which they have 49% interest (going up to 56% in due course). They do not even cover costs. Assuming first 2 w/o go well for them, they cover costs at $48-49bbl, not much room for getting anything wrong. The main attraction for them, is to achieve a discovery in deeper zone - without this, they are less of a case than Zen.Zens risk is not exploration - it's technical/development risk. The oil is definitely there.Cash

[coscos] 15/3/2017 07:52

He obviously didn't listen carefully enough to the recent podcast.I'm cautiously optimistic about the results of the first well. Mustn't forget how cheaply they can extract it for aswell. Lots of potential and it only takes one of the wells to outperform expectations and the share price will respond accordingly.