Zenith Energy Share Discussion Threads

[sea7] 03/8/2017 09:49

They will deliver the results, that much we do know. Whether those results will be stunning or not, remains to be seen.

M45, should not have any problems going from the current 46bopd to around 150bopd, according to the rns.

M195, is where we are still in the dark. We have not had any sort of update on this well since the start of CT operations, which clearly finished some time ago. We are only assuming that things went ok, as they are ordered a pump for this well.

I expected an update on m195 early august, well we are at early august now, the pumps hadn't been delivered as of 27th Jul. They need to have a rig in place to install them, then test them and then put them on production after removing the rig. We must then await flow rate stabilisation. This could be another couple of weeks, at least.

In the mean time, the CT team are in the zardab field and team A are busy on their work. We could get another update on another area, or even the Italian side of things at anytime. There is plenty going on here, however, it is really annoying that these supposed showcase wells are dragging on so long.

[ravin146] 03/8/2017 09:35

Sea7 the BoD must deliver the 195 and 45 results. Still no signal on twitter that the ESPs have arrived, cough cough hint hint twitter admin!

[sea7] 03/8/2017 09:28

As expected though, those two placings have killed the volume - no trades at all today, as yet.

[ravin146] 03/8/2017 09:19

My exact point to curry yesterday...the whole scheme of things, it not that bad. The only issue I had yesterday was the tiddly amounts. I just hope we don't get another 50k amount again!Ignore that poster sea7, you can smell a rat easily on advfn. Why not just say what your agenda is and put your ball on the line? Not against a short but say it or be filtered!

[sea7] 03/8/2017 09:12

ravin,

when you look at post 251, we can see that the following are pure placings. By that I mean no other underlying reason, such as debt conversion, main listing, warrant conversion, repayment of debt or loan note conversion.

Jan 17 - 9m shares at 9.5p with 15p warrants attached.
Jul 17 - 3.5m shares at 7.5p
Aug 17 - 2.7m shares at 7.5p
Aug 17 - 0.7m shares at 7.5p

15.9m shares have been issued overall in pure placings since the beginning of the year.

With 124,463,146 shares in issue, this represents about 14% increase in the TVR.

These placings have been for the purchase of kit for the operations and general working capital (wages in my book).

This means that it doesn't look as bad as the poster is making it out to be. At first glance it looks like the company has been issuing shares like confetti, however, when you get into the reasons, you see this is not quite the case.

[ravin146] 03/8/2017 09:00

Itsriskthat...that is some research you have done to NOT have a position, long or short. I wish you good luck as you may need it!

[2nell] 02/8/2017 22:36

I agree with all these comments, this guy is a conman no wonder he came to London to raise money the Canadians had enough of him!

[itsriskythat] 02/8/2017 22:25

I was wrong as Zenith are listed on the main market.

I'm not invested though have attended two of Andrea's talks in London.

It was wrong to use the word "till" when in fact I wanted to point out just that the shares in issue have are ballooned since January:

Jan 2017 - Dual listed with main market admission of 33.3m at 7p raising £2.3m gross ~£2.0m net. Including 1.1m broker 2-year warrants at 7p.

Jan 2017 - Issue 3.7m shares on conversion of Swiss bonds held by Mirabaud at ~6.8p with ~£201k nominal bonds outstanding.

Jan 2017 - Further placing of 9.0m at 9.5p raising £855k gross with each placing share sweetened by a 3-year warrant at 15p

Mar 2017 - Issue of 505k at a nominal C$0.1425 together with a cash element to fully settle a debt.

Mar 2017 - Issue of 1.6m shares to Gunsynd for loan note conversion

Apr 2017 - Issue of 2.2m shares on conversion of the remaining Swiss bonds held by Mirabaud

May 2017 - Conversion of 1.0m options by director.

Jun 2017 - Exercise of 1.0m warrants at C$0.15 on 30th June. Warrants only issued on June 29th.

Jul 2017 - Placing of 3.5m at 7.5p raising £265k gross

Aug 2017 -Placing of 2.7m at 7.5p rasing £200k. An additional placing the same day of 0.7m at 7.5p raising a further £50k.

[ravin146] 02/8/2017 17:33

itsriskythat...

What is your real point and why are you suddenly here? any position here?

One not on AIM and two not exactly from the 'till'...from private investors whom are happy to invest.

[ravin146] 02/8/2017 17:28

Curry one day left lol...

tbh both are discounted but low amounts so not to be alarmed...

[itsriskythat] 02/8/2017 17:25

Andrea Cattaneo

Chief Executive Officer & President

So he thinks he's found a way to take money from the till (AIM market).

He'll do it once too often.

[ravin146] 02/8/2017 14:52

rameshh have a look at AST...their client is soon to announce that they have begun using AST gas...re-rating due. could be a min bagger.

gla, it is a slow burner here hence o/t.

Any newcomers welcome to the BB, and look at my filter list beforehand.

[bad gateway] 02/8/2017 14:21

Don't know about a sign Andy but agree things must be tight.
Hope they come good anyway for the holders.
Be great to see an rns down the line stating that despite their best efforts M-45 is suddenly flowing at 500bpd.

[cpap man] 02/8/2017 14:12

3rd placing today will no doubt be for just C$5,500

[tevita] 02/8/2017 14:12

ANDY PANDY you like poking your nose in where it is not wanted would you like to explain ??????????????????

tevita,

Are you appointed as WL's spokesperson?

Or did he have two id's and replied from the wrong one?

[andy] 02/8/2017 14:11

granny,

Me neither, ZEN is unique in that respect.

[bad gateway] 02/8/2017 13:57

Filtering you under this handle too ravin but just to say this statement..
"All in all fundraising is fine as in hindsight no one saw the change in strategy to buy modern equipment, and no one knew the low budget equipment was inadequate. This fund raising is not due to money dwindling due to current operations but due to a chnage in strategy to buy better equipment and personnel."

is incorrect. many saw it and warned you so you filtered them and carried on ramping.

rameshh
2 Aug '17 - 13:21 - 242 of 244 2 0 (Filtered)

ravin146
2 Aug '17 - 13:29 - 243 of 244 0 0 (Filtered)

[tevita] 02/8/2017 13:54

ANDY PANDY you like poking your nose in where it is not wanted would you like to explain ??????????????????

tevita,

Are you appointed as WL's spokesperson?

Or did he have two id's and replied from the wrong one?

[andy] 02/8/2017 13:48

bad gateway,

Two small placings in one day is quite bizarre.


"to fund new equipment and provide general working capital"

So it does look as things are really tight, if this is for paying the bills as well!

666,666, is it a sign?

[ravin146] 02/8/2017 13:29

LMAO...told you my list is spot on, true colours shining through! Follow my list!

[bad gateway] 02/8/2017 13:18

Days not over yet either. Could they go for three?