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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Zenith Energy Ltd. | ZEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 08:00:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.20 | 2.13 | 2.20 | 2.20 | 2.20 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 02/1/2024 13:22 by zengas BGIt's not my intention to knock the compAny over the warrants at all. I pointed out what they have to convert and my calculation was potentially 500m as i said in the earlier post. Further i accept that 55m appear to have expired and i've actually tried to find where warrant excercises were reported in the past history. I was actually waiting in case they issue an rns or in the next update that some had been excercised re my early January reference. With the new $25m bond, will they issue any in regard to that. It is strange that no warrants have been excercised in the past when they most definitelty can be at 1-2C but no bad thing though i find it hanging over the company and as a potential investor something to bear in mind as to how much dilution could take place so i'd like to see the terms of the bond and if we still end up with as many warrants and price - we don't know. As for ambulance chasing - the accounts are there for discussion - Under $900k end Sept with cash burn/juggling since. What's left now ? Clearly states the principal way is to issue more equity. Needs $1.8m to complete on Devonian around mid - 3rd week Feb. Yes a $25m bond will be helpful, but it's like revolving on a new credit card paying off a 2nd one imo when there is limited income to cover the expenditure. I accept they have a lot of potential cash to win but how long can they keep running like this until they actually get a win and eventual pay out ? Why the need to get involved at RBD (10/1/24) as a director ad possible CEO ? (I have my own thoughts that i won't say publically. Is this not sidetracking and not keeping an eye fully on the Zenith ball ? He did say in an interview on a previous asset that they should have been more hands on when it came to it. What's Leopards function and how will they raise cash for assets versus Zenith as the owner and how will that affect the Zenith equity in assets ? Lastly the share price has matched all this uncertainty regardless of the potential for future wins all the way now to 2.85p (.285p pre consolidation). He needs to convince people and put out a much more detailed presentation. Some of the things done under a standard list would not have been gotten away with under AIM imo. |
Posted at 01/1/2024 14:05 by zengas Well there's a certain few on LSE who want any discussion removed around the accounts which after all came out of Friday just after 12 noon prior to close.I had posted this to a poster who accused me of lying Once again i must correct your total lack of knowledge as an investor or your propensity to be outright misleading not to mention calling me a liar. You have not even got the basic grasp here yet you continue to mislead. His post to me where he says 29/12/16:30 quote - "You claimed that we were required to pay $10m to Devonian Petroleum, then implied that we did not have the money and payment was imminent. When in fact we are only required to pay a maximum of $2m (already paid), plus the drill preparation costs to a maximum of $3m, up until the first well is completed." My reply - As i said yesterday i did not say they are required to pay $10m full stop. Secondly you are completely misleading, downright lying or just plain stupid that the $2m is already paid. They have only paid $200k of that and are required to pay the balance $1.8m in 60 days from 20/12/23 so must be met by mid/late Feb- yet have the nerve to call people who research the company despicable liars . Furthermore i will repeat from yesterdays accounts release The $4.32m CDN refund from OMV was refunded 4/9/23. 3 weeks later at 30/9/23 - they had $843k cash. What's the picture now 3 months later as of today. You only have to look at the admin costs etc on a half year burn rate to see that there is little cash. Add $1.8m needed to close on Devonian (in barely 6 weeks which incidentally is about the same amount just to clear its own debt re 2022 companies house accounts). They need drill pipe, fluids etc over and above just supplying their own rig. Maybe Leopard in the US will ride to the rescue because if Zenith doesn't raise cash for the US acquisitions it's surely going to be them imo. Will AK be Chairman there and CEO at Zenith ? Wait and see approach when the directors are appointed at Leopard but hopefully both companies don't mean a double salary on the same assets and surely not i hope. |
Posted at 29/12/2023 13:47 by muddy_40 Oh dear. It will be all forgotten about by the time the market opens🤡Oh dear looks like the 🦃🦃&# KyleSnyder Posted in: RBD Posts: 202 Price: 0.1075 No Opinion FINAL RESULTS VOTING28 Dec 2023 20:18 WHO DID YOU VOTE FOR Sort by most popular 1 SATTAR & CATANEO 266 Votes - 65% 2 OZA & WILLIAMS 141 Votes - 34% 3 DIDN'T VOTE 3 Votes - 1% Total Votes: 410 So it seems the retail investors want Oza and Williams out, and Sattar and Cataneo in. So it comes down to the institutional big investors, if they’re 50 50 then it’ll be an easy win for Sattar and Cataneo |
Posted at 20/12/2023 21:03 by the patriotic irishman I thought it would be a good idea to copy Zengas excellent post over here given we all know the Italian Stallions pied pipers on LSE have a habit of getting any unbiased and pertinent posts removed 😉-------------------- User: ZENGAS Price: 2.95 Date: 20 Dec 2023 18:39 Subject: RE: How? I stated long enough about looming dilution but was dismissed. Want to guess why it’s down, $3m in equity at 3p looks like about 80m new shares for this deal so around 40% extra new shares in issue possibly. Same tried and tested formula continuing of dilution, consolidation, dilution. They have the authority to issue shares. We haven’t even seen what the equity amount in shares will be when issued for the US acquisitions. -------------------- FWIW its a critical question every existing shareholder or potential investor should be rightly asking on any potential deal announcement by ANY company IE: what is the current cash position and how will the transaction get settled AS IT STANDS Zenith have insufficient funds to settle every one of those dangled 🥕🥕&# BUT as I highlighted at time of 10/1 consolidation, they instantly created the ability to issue shares (they couldn't before) to cover SOME of those dangled 🥕🥕&# anyway, lets wait and see who knows, maybe the Italian Stallions new best friend Karma Sutra will provide the missing finance IF their collaborative RBD coup is successful 🤣🤣&# |
Posted at 28/11/2023 09:16 by muddy_40 In 2022, Transparency International's Corruption Perceptions Index scored South Sudan scored 13 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, South Sudan ranked 178th among the 180 countries in the Index, where the country ranked last is perceived to have the most corrupt public sector. [25] For comparison, the best score was 90 (ranked 1), the worst score was 12 (ranked 180), and the average score was 43.[26]And I quote "It is our view, supported by our progressive establishment in-country, that there exist many commercially attractive opportunities in South Sudan, and that it is an attractive jurisdiction for foreign investors." I wonder what an unattractive jurisdiction looks like. I am beginning to think TYB writes the RNS's ....lol Oh Dear |
Posted at 10/10/2023 19:32 by the patriotic irishman in all fairness, credit where credit is due (no pun intended) 😉goes to Zenith for: firstly, coughing up the not insignificant cost and secondly, opening up the books to some serious and impartial analytical scrutiny which is a mandatory requirement for any credit rating 😎 the POSITIVES are: the detailed report is (IMO) a fantastic and concise 'crib sheet' for current shareholders and any potential investors and is therefore well worth reading 😇 the NEGATIVES are: RED flags everywhere 🤣 🤣 🤣 |
Posted at 29/9/2023 12:10 by the patriotic irishman I always LAUGH OUT LOUD when cash strapped companies use creative and misrepresentative 'non-dilutive' terminology when announcing to their long suffering and loyal shareholders that they are JUST ABOUT to pass the hat around 🤣 🤣 🤣"we believe the Company's rating will be viewed favourably by investors as we seek to finance our ambitious business development strategy in the USA and Kazakhstan by way of non-dilutive fixed income debt securities." rolling rolling rolling keep em 🥕🥕&# |
Posted at 13/8/2023 08:06 by pugugly Agreed LSE good - Zengas post 12 Aug 2023 10:54 tells you all you need to know. Excellent history of how the company has lost investors cash. |
Posted at 22/11/2022 19:01 by the patriotic irishman oh dear 🙈User: Takeyourbets Price: 0.825 Rec: Strong Buy Date: 22 Nov 18:43 mls has a personal vendetta against the company mls continues to mislead investors the company will take legal proceedings against mls soon misleading investors eh 🤔 1.5p soon, 2p in a flash, 3p in a heartbeat 🤣🤣&# |
Posted at 28/7/2022 18:04 by hedgehog 100 "BUILDING A TRANSFORMATIONAL PORTFOLIOOF PROVEN REVENUE-GENERATING ENERGY ASSETS IN AFRICA AND EUROPE August 2022 Newsletter to Zenith Energy Fixed Income Investors Dear Investor, I am pleased to report that the first six months of 2022 have been extremely positive for Zenith Energy as we have continued to achieve record revenue generation and associated profitability from our energy production and development portfolio in Italy and Africa. The current energy pricing climate for oil, gas and electricity has created unprecedented cashflow for the Company which it is reinvesting in its Tunisian and Italian portfolios to maximise production, as well as utilising its increased financial resources to reduce its exposure to short-term financial obligations and fully service all its outstanding debt instruments. The Company has a number of significant ‘growth catalysts’ between now and the close of 2022 that might bring about a transformational leap forward in its size and revenue generation. This is especially the case in respect of our long-held business development objectives in the Republic of the Congo, where we expect to be awarded a new 25-year licence for the Tilapia oilfield, as well as in other jurisdictions where the Company is reviewing potential acquisition opportunities. Whilst we have continued to proactively execute our strategy of identifying additional new assets to acquire, our attention has equally been directed towards developing the material unexploited potential of the Company’s existing energy production portfolio. It is our expectation that drilling activities to be performed in Tunisia later this year will, if successful, provide substantial additional value. Similarly, the gradual reactivation of our Italian portfolio is also expected to further increase our Italian production revenue and profitability. In summary, we intend to deliver value to Zenith Energy investors by targeting proven-revenue generating and low-risk assets that have the potential to be successfully developed with systematic technical and financial investment, as well as maximising production from our existing assets. I thank investors for their continued commitment and support, and we look forward to our future progress with great optimism. Andrea Cattaneo" "Zenith’s overarching strategic objective is to become a mid-tier energy company with a complementary balance of production, development and exploration assets across Africa and Europe." "Development strategy defined by: ▸ Acquiring and developing low-risk assets with untapped reserves and existing production ▸ Maximising revenue by implementing low-cost oil production models ▸ Ownership of key operational equipment with the objective of reducing costs, third-party delays, and decreasing reliance on third-party oilfield service companies ▸ Highly incentivised Board of Directors and Senior Management aligned with shareholder interests to successfully develop assets to their full potential" |
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