Zenith Energy Share Discussion Threads

[grannyboy] 30/4/2021 11:37

Yes and they had a 1000bpd target about 3years ago, and let's not forget that gusher that they videoed.. that certainly built up a lot of people's hopes at the time .. It was of course just cattaneo spiel..

[mdchand] 30/4/2021 07:39

Tunisian purchase complete. From today's RNS Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "The Board and I are very pleased to report on this latest acquisition that enables Zenith to enrich its portfolio of oil and gas production, development and exploration assets in Tunisia. The key significance of the acquisition of El Bibane and Robbana is the undeveloped potential and the possibility to achieve, in the near-term, a stabilised cumulative production in excess of 500 barrels of oil per day, as well as a material production of natural gas and condensate. This volume of production, holding a 100% working interest in both concessions, would transform our revenue position and enable the Company to concretely achieve its long-held growth ambitions in terms of production, especially as the intention would be for the revenue to be reinvested in the further development of the assets. Our near-term objective is to produce in excess of 1,000 barrels of oil per day and to substantially scale production upwards from this threshold by developing our portfolio via systematic workover and drilling activities in the current favourable oil price environment.

[csmwssk12hu] 23/4/2021 08:42

Someone has faith in these, accepting shares at 1p and 1.3p to clear debt with share price at 0.9p

[carrotrunner] 21/4/2021 09:39

Yep need to be seen actually selling oil but if they can produce 1,000 bpd this will move a lot higher..

[tinker10] 21/4/2021 08:00

I'm sure we will see a rise today but may not be able to stay up for long. I think we'll need to see some concrete numbers before any serious re-rate.

[mdchand] 21/4/2021 07:52

From today's RNS 'We expect to shortly achieve a daily production in excess of approximately 1,000 barrels of oil per day by way of our recently announced acquisitions, as well as the near-term development activities we intend to perform in these assets, which would very favourably position the Company in terms of profitability in the current oil price environment.' Seems a tad cheap for a sub £3m oiler. Wonder if this will trigger a re-rate or whether the market has become too jaded to take Zen seriously anymore.....

[s_murray] 25/3/2021 16:19

Tinker, Sorry, I thought you were talking about Tunisia field, I just seen the AC 3.5 mil buy. yep that is chunky. One thing we will have no news for a month.

[s_murray] 25/3/2021 15:10

Tinker. Not so sure now, I thought Zen got a great deal with the Oil in storage covering everything. It seems the market does not like it with the share price action. All hope in securing Congo now. Last we heard on that was Feb 10. Could be delayed with Covid. Lets see what news comes from there Mind you all markets not great just now so could be down to that

[tinker10] 25/3/2021 12:38

Decent buy.

[muddy_40] 24/3/2021 13:06

What's the opex?

[bad gateway] 24/3/2021 12:45

Its about time but they've closed a deal. US$4.8m/yr revenue stream too Completion of Ezzaouia acquisition "We are very pleased to have achieved successful completion of this transaction which gives Zenith monthly oil production revenue of approximately US$400,000.

[s_murray] 19/3/2021 19:09

Honestsmarty. Why do you say that? Maybe they just want out hence firesale

[donaferentes] 16/3/2021 08:50

Nah, probs Albert?

[donaferentes] 16/3/2021 08:24

800,000 bought at 1.20. Institution?

[honestmarty] 15/3/2021 19:38

I know they say this field is onshore, but I get a distinctly fishy smell off this RNS. Why are the Canadians selling over a million dollars worth of oil in storage for 250k?

[muddyfox0151] 15/3/2021 10:23

Let's get the shark now ! Congo

[carrotrunner] 15/3/2021 10:09

Finally we caught a Tuna...which produces oil.Updated CPR will be helpful , plus the oil in storage, is that really ours with oil price going up..

[markstevenkirby80] 15/3/2021 09:45

Can now let's do this

[garymegson] 15/3/2021 09:33

,0000.130.149100,0000.1290.15126,8000.1280.159100,0000.12750.16890,0000.1270.172,312,7874,460,88016Total21Updated 15/03/2021 - 10:17HelpDownloadHISTORICAL PERFORMANCE1W1MYTD52WHighest0.1650.1650.1840.199Lowest0.1280.1250.110.03%24.5216.912.2082.58Updated 15/03/2021 10:32 CETMore DetailsDownloadREGULATED NEWSSee All15/03/2021Acquisition of oil production and development asset in Tunisia11/03/2021Financial calendar09/03/2021Major Shareholding Notifications03/03/2021Major Shareholding Notification24/02/2021Credit Line Agreement & Debt SettlementINTRADAY PRICE15/03/2021TIMEPRICESHARES10:32:340.162589,69210:32:340.162110,30810:32:300.16339,69210:32:300.1631,00010:32:300.16359,308Updated 15/03/2021 10:32 CETMore DetailsHISTORICAL PRICESkip to main contentDATEOPENCLOSE12/03/20210.13350.13211/03/20210.1350.131510/03/20210.1390.133509/03/20210.1310.13508/03/20210.13450.135Updated 15/03/2021 10:30 CETHelpMore DetailsDownloadFooter Small Print Menu© 2021 Euronext Privacy Statement Terms of UsePRESS RELEASEAcquisition of oil production and development asset in TunisiaSUBSCRIBE15 MAR 2021 10:29 CETCOMPANY NAMEZENITH ENERGYISNCA98936C1068MARKETEuronext GrowthSYMBOLZENAThe information included in this announcement is defined as inside informationpursuant to MAR article 7, and is publicly disclosed in accordance with MARarticle 17 and section 5 -12 of the Norwegian Securities Trading Act. Theannouncement is made by the contact person.March 15, 2021ZENITH ENERGY LTD.("Zenith" or the "Company")Acquisition of oil production and development asset in TunisiaZenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listedinternational oil & gas production company focused on pursuing Africandevelopment opportunities, is delighted to announce that Zenith Energy AfricaLimited ("ZEAL"), its newly incorporated fully owned subsidiary, has enteredinto a share purchase agreement ("SPA") with Candax Energy Limited ("Candax")for the acquisition of a 100 percent interest in Candax's fully owned subsidiaryin Barbados, Ecumed Petroleum Zarzis Ltd ("EPZ") (the "Acquisition"), whichholds a 45% interest in the Ezzaouia Concession ("Ezzaouia").Terms of the AcquisitionPursuant to the terms of the SPA, ZEAL has agreed to acquire 100% of the issuedshare capital of EPZ for the aggregate amount of US$150,000 payable atcompletion, as well an additional US$100,000 to be satisfied by the issue ofordinary shares in the share capital of Zenith to be issued within sixty days ofcompletion ("Consideration Shares") and a royalty payable and calculated asUS$0.35 per each barrel of hydrocarbons produced from the Ezzaouia oilfield andallocable to EPZ, with the royalty not being less than an amount of US$50,000per annum for a period of ten years.Acquisition Highlights• Ezzaouia is located in onshore Tunisia on the Zarzis peninsula, south of theisland of Djerba in the southern Gulf of Gabes.• First discovered by Marathon Petroleum Corporation in 1986, with productionactivities starting in 1990 with a peak production being achieved of 35,000barrels of oil per day in 1991.• Ezzaouia produces an average of 40 API gravity oil from the Zebbag (LowerCretaceous) and Mrabatine (Upper Jurassic) formations.• It is operated by MARETAP, a joint operating company owned in partnership withthe national oil company of Tunisia, ETAP (Entreprise Tunisienne d'ActivitésPétrolières) on a 50:50 basis, which holds a 55 percent interest in Ezzaouia.• Currently produces at a rate of approximately of 465 bopd (approximately 210bopd net to Zenith).• Approximately 25,000 barrels of oil are currently held in storage with acommercial value of approximately US$1,250,000.

[garymegson] 15/3/2021 08:51

Mr Daniel Levi (Sinner)@BrokermanDaniel#ZEN new producing asset is in Tunisia 500+bopdhttps://twitter.com/BrokermanDaniel/status/1371380373897240579

[carrotrunner] 15/3/2021 08:35

Cannot buy any @ 1.20p at moment, is Tuna coming later this week...