Zenith Energy Share Discussion Threads

[rolo7] 16/9/2021 10:40

No thats revenue?!

[cliveas] 16/9/2021 08:49

Missed todays RNS? 110,000 euros a month profit!!!!!! GL.

[georgeo1] 07/9/2021 17:10

This very interesting.. cash back. Which will help Zenith progress further with additional funds.https://www.energyvoice.com/oilandgas/africa/ep-africa/288562/zenith-congo-tilapia-licence/Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.Congo Brazzaville has confirmed that Zenith Energy Congo is the successful bidder for a new 25-year licence on the Tilapia oilfield. The Ministry of Hydrocarbons will carry out an inquiry in January, following which Zenith expects to receive the licence.Zenith Congo will operate Tilapia II with state-owned Société Nationale des Pétroles du Congo (SNPC).The company's CEO Andrea Cattaneo said the ministry's decision was "an exceptional achievement and is the product, amongst other qualities, of our unwavering commitment and perseverance in pursuing our development strategy".Cattaneo went on to say Tilapia was a "potentially transformational asset with highly prospective development and exploration potential in a prolific hydrocarbon basin where we shall be able to deploy our drilling equipment to perform operational activities in agreement with our local partners at a time of increasing recovery in oil prices."Further, it is a matter of great satisfaction that the Company has been able to resoundingly vindicate its confidence in its ability to achieve its publicly announced objectives in the Republic of the Congo, specifically in relation to Tilapia II."Remaining AAOG claimsThe CEO went on to say the company may acquire further assets in Congo Brazzaville. Zenith also hopes to collect $5.7 million owed to the company from SNPC.Zenith acquired its interest in Congo Brazzaville from Anglo African Oil & Gas (AAOG) at the beginning of 2020. It ultimately paid £200,000 for the interest. If the company can secure the repayment from SNPC it will represent a significant return.Another potential gain for Zenith from AAOG is a legal claim against Société de Maintenance Pétrolière (SMP). The drilling company had provided a rig for AAOG to carry out work on Tilapia. However, this encountered a number of problems.Mediation has failed, Zenith said in November, and the company intends to pursue its claims in the Paris courts. It estimates that costs could be around $3.1mn.Zenith went on to announce, on December 29, that Azerbaijan's SOCAR had made a final payment of $480,000 to the company for past oil production. It announced the end of its work in Azerbaijan in November.Jmo at the EOD.

[georgeo1] 07/9/2021 17:04

https://www.oilreviewafrica.com/exploration/industry/zenith-energy-commences-robbana-workover-onshore-tunisiaZenith Energy commences Robbana workover, onshore TunisiaCreated: Monday, 06 September 2021 07:54Zenith Energy, the listed international oil and gas production company focused on pursuing African development opportunities, has announced the commencement of workover activities in well Robbana-1 (ROB-1) in the Robbana concession, onshore Tunisia?The workover of ROB-1 is expected to be completed in approximately 25 days. (Image source: Adobe Stock)Prior to the beginning of workover operations, ROB-1 produced at a stabilised rate of approximately 20 bopd, with the last well intervention having taken place in 2012.In the event of a successful workover, the company is targeting to achieve an increased stabilised production rate of approximately 60-80 bopd.The workover of ROB-1 is expected to be completed in approximately 25 days. An update will be provided once workover operations have been concluded.

[georgeo1] 07/9/2021 07:55

Work overs on the the remaining rigs will increase outputs to new levels. Huge demand for oil in the region.

[georgeo1] 03/9/2021 15:57

Zenith Energy (@zenithenergyltd) Tweeted:Rigging-up underway at ROB-1 well in Tunisia #ZEN #ZENA https://t.co/uJhEMi88uF https://twitter.com/zenithenergyltd/status/1433789208443998216?s=201 hour ago Rig being put up.

[georgeo1] 03/9/2021 10:31

Now it's on ..

[georgeo1] 03/9/2021 10:29

https://youtu.be/3v_52HwF0tgTunisia drill rig.

[georgeo1] 03/9/2021 10:28

Drill rig at Tunisia. From zenith twitter.Zenith Energy (@zenithenergyltd) Tweeted:Mobilisation of drilling rig to Robbana #ZEN #ZENAhttps://t.co/1UVNpFV9nS https://twitter.com/zenithenergyltd/status/1432984845253292032?s=20

[georgeo1] 01/9/2021 15:20

Yes it's me only so far posting BS but read it if interested. Lol.

[georgeo1] 01/9/2021 14:59

She'll won't be operating here anymore.It's up for grabs.https://www.thisdaylive.com/index.php/2021/08/21/nnpc-upbeat-as-it-regains-ogoni-oml-11-from-shell-in-court/

[georgeo1] 01/9/2021 11:38

http://www.hydrocarbons-technology.com/news/zenith-energy-signs-agreement-to-buy-ecumed-petroleum-zarzis/

[georgeo1] 01/9/2021 09:29

Zenith Energy mobilises rig to Robbana concession in TunisiaCreated: Friday, 20 August 2021 09:26Zenith Energy, Africa-focused international oil and gas production company, has finalised the necessary preparations for the commencement of operational activities in the Robbana concession onshore Tunisia?The company is looking forward to achieve significant near-term development potential in a number of areas. (Image source: Adobe Stock)The workover of ROB-1 is expected to more than double existing production, resulting in a daily production rate of approx. 50-80 bopd. The company has contracted a leading local Tunisian drilling contractor to perform the workover of ROB-1 using a 750hp drilling and workover rig.The cost of the ROB-1 workover has been estimated to be approximately US$550,000.Plans to drill an infill well in Robbana (ROB-3), first announced on June 10, 2021, remain unchanged and the company has confirmed that, having carried out an inventory inspection, the long-lead equipment required for the drilling of ROB-3 are already on location and meet the prescribed technical and safety standards.Andrea Cattaneo, CEO of Zenith, commented, "Our primary objective for Robbana is to achieve a daily production rate of approximately 200-250 bopd, to be obtained via the successful workover of ROB-1 and the drilling of ROB-3, representing a tenfold increase in respect of current daily production from the concession.Further, it is our intention to update our independent Competent Person's Report to also include the reserves of the El Bibane and Robbana concessions, having been acquired at a time after the effective date of the last reserves evaluation.We shortly also look forward to delivering news regarding planned drilling activities in the Ezzaouia concession, following agreement with our local partners, which we hope to begin prior to the close of 2021.

[georgeo1] 01/9/2021 07:54

https://www.oilnewskenya.com/nigeria-adm-energy-invests-in-the-development-of-the-barracuda-oil-field-in-oml-141/?fdx_switcher=true

[georgeo1] 31/8/2021 19:03

ADM also on the North West of oil 141 delta region so is Shell .https://www.oedigital.com/news/487046-oes-to-provide-drilling-rig-for-adm-s-barracuda-field-in-nigeria

[georgeo1] 31/8/2021 12:44

New King of Nigeria delta. :"look beyond oil and gas"https://www.cnn.com/2021/08/23/africa/olu-of-warri-coronation-intl/index.html

[georgeo1] 31/8/2021 12:28

Sept 2020 rns .Zenith energy ceo..Andrea Cattaneo, Chief Executive Officer, commented:'The Bid Round represents a very rare opportunity for Zenith to acquire a large, underdeveloped, near-term production asset in Nigeria. Indeed, the last opportunity of this kind was in 2003. We have worked closely with our Nigerian partner to complete the necessary commercial and technical analysis required for submission of our Bid and in selecting the most compatible asset.In the event our Bid is accepted, we have already received positive indications from a number of pan-African financial institutions regarding obtaining the necessary financing to develop the asset and achieving commercial production. I look forward to updating the market in due course regarding this opportunity.'

[georgeo1] 31/8/2021 11:35

Zen well into the perfect delta in Nigeria. Good quality oil prospect. 200 million barrels plus easy.

[georgeo1] 31/8/2021 10:26

ADM Energy has set out a plan to acquire a stake in the Barracuda field, in Nigeria's OML 141.The company will acquire a 51% stake in KONH UK, which has a 70% indirect interest in the risk-sharing agreement (RSA) on Barracuda via Noble Hill – Network. It expects the field to begin producing in the second half of the year.ADM may pay up to $1.3 million for the investment. Of this amount, $250,000 will be provided in cash on completion. It will pay the remainder in equity, on completion and at certain project milestones.ADM also set out plans to raise $500,000 through new shares to provide funding for its plans. It will carry this out via an accelerated bookbuild."This is a compelling investment opportunity that provides ADM with the potential to access near-term production upside at minimal risk," said ADM's CEO Osamede Okhomina."The Barracuda Field in OML 141 fits our strategy to target near-term production assets in proven oil and gas jurisdictions and will establish ADM Energy as a multi-asset player in Nigeria."Okhomina went on to say ADM would provide technical and financial support for the development of the asset."We have structured the deal to receive an accelerated cash entitlement once the field is in production, with the intention that the cost of the first well will be supported by our financing partner, Dubai Bridge Investments."The RSA investors will provide all the capital expenditure needed to develop the field. In return, they will receive 235% of approved capex and a 15% net profit interest. Once capital has been recovered, the RSA backers will continue to hold the 15% and they have an option to buy into the licence.Expansion plansADM said Barracuda had similarities to the Nembe Creek field. A previous reserves report on Barracuda from Ryder Scott found P50 resources of 1.3 billion barrels of oil in place. The companies will provide a new report within the next few months.There are four wells on the field and the operator will drill a fifth in the fourth quarter of 2021. ADM expects oil to begin in the second half of this year, with initial flows of 4,000 barrels per day.Expansion plans include increasing production to 23,000 bpd by 2026, from six wells. The owners would also build a 12 km pipeline to the Brass terminal. This would reduce operating expenditure from $20 per barrel to $12.Dubai Bridge's chairman Zubair Al Zubair said the Barracuda field investment was "the type of excellent opportunity we envisioned when we first decided to collaborate with ADM. Our planned financial backing combined with ADM's extensive contacts and breadth of experience of the region and the oil and gas industry forms a formidable partnership and we look forward to building a long-term relationship."KONH UK was incorporated in February, whose sole director is Daniel Maling. He helped launch five companies between January 26 and February 24.

[georgeo1] 31/8/2021 10:25

https://www.energyvoice.com/oilandgas/africa/ep-africa/309241/adm-barracuda-field-rsa/

[bad gateway] 31/8/2021 07:58

ZEN's starting to aim pretty high, didn't realise they were taken so seriously. New level if this comes off.. August 31, 2021 ZENITH ENERGY LTD. ("Zenith" or the "Company") Exclusivity agreement for OML 141 RSC in Nigeria Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has entered into an exclusivity agreement (the "Exclusivity") with Noble Hill-Network Limited ("NHNL"), a private Nigerian oil and gas company, that holds 100% of the Risk Service Contract ("RSC") for the development of the North-West Corner of OML 141 ("NW OML 141"). NW OML 141 covers an area of approximately 105 square kilometres in the swamp area of the Niger Delta region. The NW OML 141 RSC contains two discovered fields and one prospective field with an estimated 232.7 million barrels of discovered oil (Degeconek 2019 CPR) with the potential to grow to more than 500 million barrels of Contingent and Prospective Resources with several TCF of prospective natural gas and condensate. The discovered fields include the potentially highly productive Elepa South and Barracuda oilfields, which are both categorised as discoveries under SPE-PRMS rules and are 'drill-ready' with the first well location having already been purchased and the necessary civil works having already been performed. The prospective field, Curlew Channel, is a large multi TCF natural gas and condensate prospect containing the deeper "U" and "X" reservoirs identified both on the Northern boundary of the Risk Service Contract Area ("RSCA") in NW OML 141 and the nearby Shell OML 33. NHNL plans to commence drilling activities before the close of 2021 and start production through an Early Production Facility shortly thereafter. Under the terms of the Exclusivity, Zenith has a period of 90 days during which to conduct due diligence and to evaluate the opportunity to participate in the RSC via the potential purchase of an equity stake in NHNL, the sole holder of the RSC. The Company wishes to underline that no terms for any possible transaction have been discussed at this point. Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "We are very pleased to begin our evaluation of the opportunity to participate in NHNL's RSC for the development of the North-West Corner of OML 141 in Nigeria directly with the exclusive holder of this agreement following the signing of the Exclusivity. The RSC for NW OML 141 would represent a very exciting opportunity for Zenith to enter the Nigerian oil and gas space and to exploit an undeveloped, potentially highly prolific selection of oil and gas fields. This opportunity is in line with our strategy of identifying assets, which are 'drill-ready' and with significant near-term production potential, that will position the Company to achieve its goal of becoming an oil and gas company with a well-balanced portfolio producing more than 10,000 bopd."

[itsmine] 20/8/2021 17:51

No ! that is a FO on the rest of it.