Zenith Energy Share Discussion Threads

[grannyboy] 13/4/2017 18:35

robg88 you've asked me a question before, which i replied to, i wasn't going to bother answering this one but will..If I hadn't have liked their potential, which i still do, and with the confident spiel of AC..But with unclear rns's, w/o delays, one minute the company praising the local drilling team, then in next breath indicating that they won't be used again, team A on the job training etc, has not filled me with confidence, and the management have to step up to the plate and prove themselves...

But it's not me YOU should be asking questions too, they should be directed at the company...

As to the other standard accusation when someone can't except a different sycophantic view point to them, is being labeled using different aliases for the same poster, which is not true.

[rameshh] 13/4/2017 18:05

Agree, will private message a few.Good luck longs

[ravin146] 13/4/2017 18:03

Zengas you seem to do a lot of research are you an independent investor or research house lolHave decided to private message selected bb posters of the advfn board as most here are filtered which explain how this board is infested.Gl all, workovers results next week. 15p st target with 1000 bopd confirtably being reached by march. Ignore the noise. Gla

[robg88] 13/4/2017 17:57

grannyboy/ 11smith do you like anything about Zenith?
I'm of course assuming that you are two different people..

[zengas] 13/4/2017 17:10

I don't see where in the last 12 months Epsilon bought high (unless otherwise?)

All last years and this year placings have been between approx 4p (2016) and the last one at 9.5p.

April 11, 2016 the Company completed the private placement of 6,674,775 shares at CAD$0.08 per unit for gross proceeds of CAD$533,982. Of the 6,674,775 shares, 5,000,000 shares were issued forming part of a unit comprising one common share and one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share at CAD$0.15 per common share for a period of 24 months from the date of issuance. The remaining 1,674,775 shares were not issued with accompanying warrants. The Company also paid aggregate finders' fees of CAD$26,000.

April 21, 2016, the Company completed the private placement of 3,892,875 shares at CAD$0.08 per unit for gross proceeds of CAD$311,430. Each unit is comprised of one common share and one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share at CAD$0.15 per common share for a period of 24 months from the date of issuance. The Company also paid aggregate finders' fees of CAD$14,181.95 and issued 179,712 warrants to certain arm's-length parties in the connection with the Private Placement.

June 9, 2016, the Company issued 2,730,000 shares at a deemed price of $0.11 per share in partial conversion of convertible notes $300,300 (Note 7), and 312,500 shares at a price of $0.10 per share creditors of the Corporation to settle debts owing by the Company totalling $31,250.

June 16, 2016 the Company has closed a non-brokered private placement of 1,519,250 shares of the Company at a price of $0.08 per Unit for aggregate gross proceeds of $121,540. Each unit is comprised of one common share and one common share purchase warrant. Each Warrant will be exercisable for one Common Share at a price of $0.15 per share for a period of 24 months from the date of closing of the offering.

September 16, 2016, the Company closed a non-brokered private placement of 1,906,050 Common Shares at a price of CAD $0.10 per unit for aggregate gross proceeds of CAD $190,605. Each unit is comprised of one Common Share and one-half of one common share purchase warrant. Each Warrant will be exercisable for one Common Share at a price of CAD $0.20 per share for a period of 24 months from the date of closing of the offering.

September 16, 2016, the Company issued 724,235 Common Shares at a deemed price of CAD $0.085 per Common Share to certain debtholders and creditors of the Company to settle debts owing by the Company, representing an aggregate of CAD $61,585.48.

Subsequent events

November 7, 2016, the Company completed a non-brokered private placement of 2,745,062 units of the Company at a price of $0.12 per Unit for aggregate gross proceeds of $329,407.44. Insiders of the Company subscribed for an aggregate of 2,195,475 Units for aggregate subscription proceeds of $263,457. Each Unit is comprised of one common share in the capital of Zenith and one Common Share purchase warrant. Each Warrant will be exercisable for one Common Share at a price of $0.20 per share for a period of 24 months from the date of closing of the offering.

November 22, 2016, Gunsynd Plc (“Gunsynd̶1;) a company listed on the London Stock Exchange’s AIM market for listed securities, invested £100,000 by way of subscription for convertible unsecured loan notes bearing interest of 3% per annum. The New Convertible Notes are payable in arrears in quarterly instalments. At the option of Gunsynd, the principal of the New Convertible Notes may be converted into Common Shares of the Company at any time prior to the expiry of 36 months from issuance at a price equal to CAD $0.10 per Common Share (or the initial listing price of the Common Shares if the Company is listed on another senior stock exchange at the time of such conversion). Subject to the New Convertible Notes not having been converted, the New Convertible Notes mature 36 months from the date of issuance. Unless permitted under Canadian securities legislation, the New Convertible Notes cannot be traded before the date that is four months and a day after the date of issuance.

11th Jan 2017 - Placing successfully raised approximately £2,332,550 before expenses via the issue of 33,322,143 Common Shares at the placing price of £0.07 per share.

30th Jan 2017 - Private placement of 9,000,000 common shares at £0.095 per share.

[praipus] 13/4/2017 16:16

Epsilon demonstrating their buy high and sell low strategy

[grannyboy] 13/4/2017 15:26

11smith you could be partly right, but if its material as in another blockage or some dispute with the local drilling team, then some kind of response should be given for the delay in updating. It does not reflect well on the company, if they say they will give an update then fail to do.

I can't understand how its taken over two months and still no flow rates, or even an update.

All would be forgiven if the flow rates were between 60-100 bopd..LOL

[11smith] 13/4/2017 14:50

grannyboy - It wouldn't be necessary to release a RNS to give a reason for the delay in updating the market unless the update contains information that would have to be released through RNS. An apology and an explanation concerning the delay itself would perhaps be best given in normal company news, perhaps on the website. As you say - it is obvious matters need clarification.
We will have some accounts to look through soon. Those will have to be clear and unambiguous, then maybe some clues pointing to a company valuation with some basis in real numbers.

[honestcrook] 13/4/2017 14:48

I have just messaged the CEO Andrea so I'll post feed back when I get a reply.

[grannyboy] 13/4/2017 12:22

fission453 instead of just giving one line responses you need to explain why i'm not justified in asking questions, unlike those who prefer to stick their heads in the sand..And i'm starting to get the impression that some who post are either company insiders or work for broker..

[grannyboy] 13/4/2017 12:17

11smith, if they put in an rns that they are going to announce something within a timeframe, then if they don't they should inform the market the reason..


cashandcard, as far as i'm aware team A have fulfilled their objective, team B were/are doing the work on the w/o..

And you don't need to be a graduate to see something needs clarifying..

It also sounds snobbish..

[fission453] 13/4/2017 12:11

grannyboy...you are obsessed with ZEN!

[cashandcard] 13/4/2017 12:09

Come on folks, we've all been there. Remember when you graduated?

The team A kids have just graduated. Now they will be busy gaining experience on-the-job. Its not easy becoming a roughneck after student life. The transition does not happen overnight.

Give them some time ;)



Cash

[grannyboy] 13/4/2017 12:09

You really must stop blaming me for the company's incompetence or lack of clarity...Those deniers need to go back and re-read the inconsistancie's in the rns's..

[11smith] 13/4/2017 12:08

Any information released in tweets or via any other media would have to be factually accurate, that is for certain. It would be wise to release any necessary RNS announcement through the proper channel. ie. officially. I believe this is an as yet untested area of law. In this instance - this unusually long wait for news of M-195 progress, surely if there is no price sensitive news then there would be no need for an RNS. If for instance the update was that there isn't any news, it is just taking ages because the work is quite difficult or that the wrong type of mud has been encountered. So maybe there isn't anything to report that requires an RNS?

[grannyboy] 13/4/2017 12:01

I'm not stressed in the least..And going by the denials from most on here, who appear to have their heads stuck in the sand, it is those who have too much skin in the game..

[grannyboy] 13/4/2017 11:28

Just re-read ravin(lunatics) post 1224...

"the rns seems to be worded badly, the twitter message is the latest info"

I'd better get in touch with the LSE to clarify whether they class giving tweets out as 'OFFICIAL'...

[grannyboy] 13/4/2017 11:16

TheLung stop looking for excuses to blame concerned shareholders for the company's lack of clarity or not fulfilling their published statements ..

You really do come across as a blind deluded fool..

[grannyboy] 13/4/2017 11:12

And having said earlier in the rns that the company were intending to use in-house staff, this statement needs clarifying..


"In the interest of clarity it should also be underlined that the workover programme will continue with growing momentum in the period before the drilling rig arrives and will then run parallel to the drilling programme"

If, which the company have indicated they will no longer be using the local experienced drilling team, if they are to run in parallel the w/o and drilling operations then who is the second team?

Something needs clarifying!!!

[honestcrook] 13/4/2017 11:00

Rob. Yes I thought the same as you. I haven't yet responded to the message but if there is no news today I will message him and try to get a better answer on when the news will come.

[thelung] 13/4/2017 10:54

Sounds like some holders have too much skin in the game and / or haven't DTOR

[grannyboy] 13/4/2017 10:49

Even though its taking an eternity to complete the w/o, they shouldn't state in an rns that an update WILL be given during the week.

There has got to be a reason why its taking so long...After all team B is an experienced local drilling team...

[cashandcard] 13/4/2017 10:49

I think the wording in the RNS is mistaken, prior to AC's comments it mentions 'coming week'. In AC's comments, he mentions 'during the week'.

A small matter as all it means is another week at best.

Cash