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ZEN Zenith Energy Ltd.

7.00
1.10 (18.64%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Zenith Energy Ltd. ZEN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.10 18.64% 7.00 16:40:23
Open Price Low Price High Price Close Price Previous Close
5.90 5.90 6.90 7.00 5.90
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Zenith Energy ZEN Dividends History

No dividends issued between 26 Jan 2015 and 26 Jan 2025

Top Dividend Posts

Top Posts
Posted at 25/1/2025 09:54 by bad gateway
ZEN doesn't need news that would just harsh its holders mellow.
Nice breakout yesterday by the by.
Posted at 03/1/2025 14:12 by bad gateway
Think I'd prefer a scenario 7.
Tunisia having already lost the first case settle the upcoming larger disputes for $300M.
ZEN graciously accept giving their holders a special dividend before taking their next plunge into the oil/gas sector cashed up and ready to move on from this tunisian debacle.
Posted at 03/1/2025 12:12 by haggismchaggis
"Progress in respect of our international legal arbitrations against the Republic of Tunisia, with claims totalling approximately US$639.5 million, continues without pause.".US$639.5m = £515.35m (plus interest added until the date the claim is paid)...Scenario 1:£100m in Special Dividends£415.35m cash in ZEN accounts..Scenario 2:£200m in Special Dividends£315.35m cash in ZEN accounts..My holding: 250,000Shares in issue 366.5m..Under Scenario 1:£100m / 366.5m shares = 27.28p per share x 250,000 = £68,200 divi£415.35m Market Cap / 366.5m shares = 113p per share x 250,000 = £282,500 holdingTotal £350,700..Under Scenario 2:£200m / 366.5m shares = 54.56p per share x 250,000 = £136,400 divi£315.35m Market Cap / 366.5m shares = 86p per share x 250,000 = £215,000 holdingTotal £351,400..Pretty much the same..The slight difference is because of rounding down the division to the nearest penny..250,000 to buy right now would cost £14,200 (at 5.68p)..£350k total is 24.65x the current cost.
Posted at 03/1/2025 09:39 by haggismchaggis
When ZEN gets the cash from claim 1 and declares a Special Dividend it will come with an EX-DIVIDEND DATE of the previous day, therefore if you are not holding the stock the day prior to that RNS you won't get that Special Dividend..hTTps://www.investopedia.com/terms/e/ex-dividend.asp.I'm just making sure that you are all aware so there's no moaning from anyone that they missed out, as you now have all the information you need to not miss out..What the CEO said in his recent interview:."Nevertheless, we wish to create confidence among shareholders that the journey to winning all the 3 Arbitrations is realistic and in this journey they will be remunerated for their loyalty."."The exact amounts are yet to be determined, as Zenith shall as well be well capitalised for future development. With the amount of funds remained in the Company, we will continue our operations as before, while adjusting our model to align with the energy business environment of 2026."
Posted at 02/1/2025 11:58 by rexmartel
Do not forget the prospect of an extraordinary dividend if the arbitration proceedings are successful. (RNS 20/3/24).
Posted at 30/12/2024 16:03 by bad gateway
Andrea gave an interview today..


Quite interesting and whilst talking about the recent $9.7M win stated that Tunis has always paid arbitration decisions before and that should they not in the future ZEN is happy to grab any assets they've got be it real estate, planes cargo etc.
Think he plans to go all lawyer on them if they mess him about.
Posted at 27/12/2024 07:25 by bad gateway
Sounded a very promising update this morning. ZEN seem to have the court on their side?
Posted at 31/7/2023 10:55 by tomboyb
Zenith Energy Ltd Publication of 2023 FY annual audited report
31/07/2023 11:36am
UK Regulatory (RNS & others)

Zenith Energy (LSE:ZEN)
Intraday Stock Chart

Monday 31 July 2023

Click Here for more Zenith Energy Charts.
TIDMZEN

RNS Number : 7538H

Zenith Energy Ltd

31 July 2023

July 31, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Publication of 2023 FY annual audited report

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to publish its independently audited financial results for the financial year ended March 31, 2023 (the "Annual Report").

The Annual Report can be viewed here:

A copy of the Annual Report will also be made available for review on the Company's website: www.zenithenergy.ca

Key Highlights

During the financial year ended March 31, 2023, the Group:

-- The Group generated revenues from oil and natural gas of CAD$13,159k (2022 - CAD$8,239k)
-- As of March 31, 2023, inventory consists of CAD$ 6,448k (2022 - CAD$5,690k) related to 116,391 barrels of crud e oil that has been produced but not yet sold in Tunisia .

-- The Company sold 177,246 mcf of natural gas from its Italian assets, as compared to 131,556 mcf of natural gas in the 2022 similar period.

Andrea Cattaneo , Chief Executive Officer, commented:

"The results for the 2023 FY represent the highest revenue generation recorded by the Company during its history. This is a significant achievement made possible, inter alia, by the exceptional energy pricing climate during the period, specifically in Italy where profitability margins have been unprecedented.

It is also important to underline that administrative expenses have been reduced materially, with a decrease of approximately 30 percent in comparison to the 2022 FY.

Zenith has newly embarked on an exciting acquisition campaign, with multiple potential acquisition opportunities currently under review across different geographies. It is the Board's intention to build on the progress achieved during the 2023 FY to maximise revenue generation and profitability in the interests of the Company's successful long-term development ."

-ENDS-

Further Information:


Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray, Matt E: zenith@blytheray.com
Bowld
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser

Nick Harriss

Daniel Dearden-Williams
Miriad Limited - Media Enquiries Tel: +44 7867527659
Zak Mir E: zak@zakmir.com
Posted at 05/7/2023 10:55 by tomboyb
Zenith Energy Ltd Second acquisition in USA
05/07/2023 11:35am
UK Regulatory (RNS & others)

Zenith Energy (LSE:ZEN)
Intraday Stock Chart

Wednesday 5 July 2023

Click Here for more Zenith Energy Charts.
TIDMZEN

RNS Number : 0718F

Zenith Energy Ltd

05 July 2023

July 5, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Second acquisition in USA

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the international energy production and development company , is pleased to announce that its newly incorporated fully owned subsidiary in the State of Texas , Zena Oil & Gas LLC, has conditionally agreed to fully acquire a portfolio of mineral leases and oil and gas wells in the State of Texas, United States of America (the "Acquisition") from the wholly owned subsidiaries of Beam Earth Group Ltd. (the "Seller").

Terms of the Acquisition

The Company has conditionally agreed to fully acquire, subject to a definitive purchase and sale agreement ("Completion") certain oil, gas, and mineral leases and oil and gas wells for a total amount of US$1,027,500 (the "Consideration").

The Consideration will be payable 60% in cash, representing the amount of US$616,500, and the balance of 40% will be satisfied by the issuance of equity to the Seller to be admitted to trading on the Euronext Growth of the Oslo Stock Exchange, priced at the average closing price of the last 5 trading days prior to the achievement of Completion (the "Equity Consideration"). Admission will also be sought within 12 months of any issue under the Equity Consideration to the Main Market of the London Stock Exchange and the Standard Segment of the UK Official List.

The Seller have agreed to retain the Equity Consideration for a minimum of three months from the date of Completion. Zenith will hold the right of first refusal in the event of a possible disposal of the Equity Consideration, subject to the terms to be agreed at Completion in the definitive purchase and sale agreement.

Acquisition Highlights

-- The Acquisition comprises of 155 oil and gas wells located in the vicinity of Midland (TX) across licences named Corsicana, Powell, BrookLaw and Sun Valley.

-- 47 wells are currently active with a daily production of approximately 60 barrels of oil per day ("BOPD").

-- It is expected that production can be increased to an average rate of 100 BOPD with light workover and field rehabilitation activities within six months from Completion.

-- Located in the State of Texas, a prolific oil and gas petroleum system with favourable fiscal terms, relatively low production costs and the ready availability of technical expertise and equipment.

-- Zenith will commission a Competent Person's Report in compliance with Canadian securities laws, specifically the C OGE Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities - to obtain an updated reserves evaluation for the Acquisition.

Andrea Cattaneo , Chief Executive Officer, commented:

"We are pleased to have conditionally agreed our second acquisition in the USA.

Texas is a favourable oil and gas jurisdiction with many attractive qualities for junior operators such as Zenith, specifically with regards to fiscal terms and the availability of equipment and technical expertise.

We look forward with enthusiasm to commencing our activities in the State of Texas, one of the areas in the world most synonymous with hydrocarbon production activities.

It is our expectation that we shall soon achieve 'critical mass' by way of additional acquisitions, selected following a rigorous due diligence process, to successfully achieve Zenith's growth objectives."

About the Seller:

Beam is currently selling O&G assets to focus on service activities with a strong impact on GHG emissions control and reporting ( hxxps://www.beam.earth ).

Further Information:


Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray, Matt E: zenith@blytheray.com
Bowld
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser

Nick Harriss

Daniel Dearden-Williams
Miriad Limited - Media Enquiries Tel: +44 7867527659
Zak Mir E: zak@zakmir.com

Notes to Editors :

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in Africa, the Middle East and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd

LinkedIn: [...]
Posted at 01/8/2022 08:48 by hedgehog 100
Mark,

Have you realised that your last twenty posts on ZEN here are all largely the same?

And in fact, this seems to be the general pattern going back hundreds of posts.


markstevenkirby80 - 01 Aug 2022 - 09:31:03 - 7505 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 25 Jul 2022 - 15:14:29 - 7495 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now :)
markstevenkirby80 - 15 Jul 2022 - 15:04:07 - 7488 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Oh dear come now
markstevenkirby80 - 04 Jul 2022 - 16:04:22 - 7482 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 28 Jun 2022 - 14:48:07 - 7471 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 23 Jun 2022 - 14:33:56 - 7459 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 22 Jun 2022 - 07:58:35 - 7456 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
:)
markstevenkirby80 - 20 Jun 2022 - 10:41:43 - 7454 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 15 Jun 2022 - 09:18:34 - 7443 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 10 Jun 2022 - 09:36:09 - 7433 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now

markstevenkirby80 - 09 Jun 2022 - 07:13:52 - 7428 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 08 Jun 2022 - 08:29:15 - 7425 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 01 Jun 2022 - 08:10:23 - 7399 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 24 May 2022 - 13:18:24 - 7384 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
:)
markstevenkirby80 - 24 May 2022 - 09:29:58 - 7381 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 22 May 2022 - 07:30:49 - 7379 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 18 May 2022 - 08:58:20 - 7358 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 15 May 2022 - 08:37:55 - 7337 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 04 May 2022 - 13:22:16 - 7294 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 27 Apr 2022 - 15:55:47 - 7280 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now

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