Zenith Energy Share Discussion Threads

[themaglcman] 12/5/2022 08:10

Officerdigby / BG let's hope there is a real smell of News for Zen and it's investors , they want this share price moving with real news . Not ramping by the same idiots on LSE / here .. GLA

[bad gateway] 12/5/2022 07:47

Greasing the wheels seems to be the consensus and seems quite likely imo.

[officerdigby] 12/5/2022 06:41

Indeed BG, as is specifically mentioned this one, a temporary non convertible bond stated to aid developments in Congo.Now why would they suddenly need a wad of cash for Congo right now. When the second tranche of Tunisian money is a month away...What is is so short term and what and relatively high (for now) warrants attached?Secret company supporter II brought inside over need for immediate cash to secure Congo? Perhaps.Or perhaps I'm a BS merchant who's lost his shirt in ZEN.. let's see!

[bad gateway] 11/5/2022 23:35

Interesting question muddy. Seems its their convertible debt they're paying off to avoid dilution.
Not the worst policy imo.


US$2.5 million convertible loan facility (the "Convertible Loan")

The Company is pleased to announce that, following its market announcement dated June 1, 2021, it has now fully settled the liability in respect of the Convertible Loan, having made repayments for a total of US$0.6 million.

Luca Benedetto, Chief Financial Officer, commented:

"We are very pleased to have taken significant steps in reducing our exposure to convertible loan instruments, having made a number of cash repayments to minimise equity dilution.

It is our objective to take further action, in view of our record profitability and revenue generation, to strengthen our balance sheet during the months ahead."

[themaglcman] 11/5/2022 22:54

RE: hmmToday 18:27I actually hope it does touch 0.7 because I have £26k spare cash in my cfd account which will go all on zenith. TYB onLSE lying toe rag, The wolf of LSE , you creepy southern weasel get a life . CREEP

[muddy_40] 11/5/2022 21:44

Ah Hedgehog since you are so intelligent. Tell me this. One week the company reduces debt and the clowns over there say it is great and then they take on debt and it is great strategy..

Did the company one week decide to pay off debt to strengthen the balance sheet and then next week decide they need debt for business development and working capital...cough cough..

[hedgehog 100] 11/5/2022 20:55

muddy_4011 May '22 - 20:27 - 7321 of 7321
"Yep they are running wild over on the other place. Sometimes I think it must be same person with a few avatars as I can't believe there are so much idiots going around... sometimes they make an appearance here
Oh dear"


So much idiots ... oh the irony!

I can see why you lost your money on ZEN, by buying at the wrong time.

And like OfficerDigby, I also feel sorry for your losses here.

You obviously feel the pain, hence your obsessively repeated "Oh dear" refrain, which is clearly freudian - relating to your own bank balance, not ZEN per se.

Timing in investment is very important ... especially in the resources sector, which is very cyclical.

And this now looks like a great investment opportunity.

[muddy_40] 11/5/2022 20:27

Yep they are running wild over on the other place. Sometimes I think it must be same person with a few avatars as I can't believe there are so much idiots going around... sometimes they make an appearance here

Oh dear

[hedgehog 100] 11/5/2022 14:25

Some village must be badly missing its idiot ...!

[officerdigby] 11/5/2022 10:16

TTA2, well they have production revenue and chances to deliver further on those near term. Drills into KNOwN reserves...chances in PSCs with oil bearing drills......They are not mortgaging themselves over things out of there control at exorbitant interest rates are they?..Glass house.Sorry for your loss.

[the patriotic irishman] 11/5/2022 09:10

"they will have depreciated the Rig cost by 20% in the accounts each year"

100% spot on 👌

[muddy_40] 10/5/2022 20:32

The Muppets on the other place are hilarious. Last week they are applauding the debt decrease and now we are applauding debt increase.

Working capital and business development..pretty grey if you ask my dog ..where is all this record money going??

[themaglcman] 10/5/2022 17:33

Every RNS comes the drop dog share .....

[hedgehog 100] 10/5/2022 17:05

Well why not both?

Carrots go well with venison, and are very good for your eyesight ... after all, did you ever see a rabbit wearing glasses?

[muddy_40] 10/5/2022 16:53

Or dining on more 🥕🥕🥕🥕9365;

[hedgehog 100] 10/5/2022 16:39

10/05/2022 11:00 UKREG Zenith Energy Ltd Update on Electricity Production & Financing

" ... In connection with the Loan Agreement, the Company has issued the following share purchase warrants (the "Warrants"):

-- 85 million Warrants to acquire one common share for each Warrant at an exercise price of NOK 0.20 (equivalent to approximately GBP0.017).

-- 85 million Warrants to acquire one common share for each Warrant at an exercise price of NOK 0.25 (equivalent to approximately GBP0.021).

The Warrants have a duration of ten months from the date of issue.

Use of proceeds from Loan

The Company plans to use the funds received in connection with the Loan to provide additional financial support for the achievement of its business development objectives in the Republic of the Congo, as well as for general working capital purposes. ..."




Interesting that the warrants have a life of just ten months.

And if they are all exercised, they will being in £3.23M., at an average share price of 1.9p.

And the objective in the Congo narrows it down to just one thing: i.e. the expected Tilapia licence award.

As ZEN could easily multibag when this award comes, this is exciting news: a clear signal that Tilapia is progressing, and that the company is confident.


So it's not so much a case of 'oh dear', as 'oh deer' ... b/c. we could soon be dining on venison ...

[bad gateway] 10/5/2022 12:33

Brown paper bag money for the Congo and warrants at 1.7p and 2.1p??
Maybe they'll finally get permission to drill now-showing AAOG how its done lol.

[officerdigby] 10/5/2022 11:49

Looks like bunga bunga money to grease the Congo licensees ? Maybe even warrant connected....BWFDIK?

[the patriotic irishman] 10/5/2022 11:43

ee bah gum its all happening 😲


The Company has entered into a non-convertible loan agreement (the "Loan") with a financial institution for a total amount of EUR 1.3 million (equivalent to approximately 13.1 million NOK or £1,111,800).

The Loan has a duration of ten months, attracts an interest of 5% per annum and includes normal warranties and default clauses.

In connection with the Loan Agreement, the Company has issued the following share purchase warrants (the "Warrants"):


85 million Warrants to acquire one common share for each Warrant at an exercise price of NOK 0.20 (equivalent to approximately £0.017).

85 million Warrants to acquire one common share for each Warrant at an exercise price of NOK 0.25 (equivalent to approximately £0.021).

The Warrants have a duration of ten months from the date of issue.


Use of proceeds from Loan

The Company plans to use the funds received in connection with the Loan to provide additional financial support for the achievement of its business development objectives in the Republic of the Congo, as well as for general working capital purposes.


Sale of A-100 Workover Rig

The Company has agreed to dispose of the A-100 workover rig (the "Rig") that it had previously acquired in Azerbaijan during 2018 by way of its fully owned subsidiary, Zena Drilling Limited.

Zenith confirms that it has not recorded a loss, on an amortised basis, in respect of the consideration originally paid to the manufacturer in 2018 for the purchase of the Rig.






the creative accounting of robbing peter to pay paul springs to mind 😉


the Italian act of illusion that's been well practiced by TYB the magic man 😎


3p in a heart beat eh 🥕🥕🥕



.85p on the bid


oh dear indeed 🤣