Zenith Energy Share Discussion Threads

[kemche] 17/11/2024 11:46

Coiled spring pregnant with a whoosh!

GLA LTHers!

[the patriotic irishman] 03/10/2024 07:59

rolling rolling rolling

"The total cumulative amount claimed across the three pending arbitrations now stands at 639.7 MILLION USD, evidencing the scale of the damages inflicted upon Zenith and its shareholders by the Tunisian authorities.

We are HOPEFUL that the outcome of the ICC 1 arbitration, due by the close of the year, will provide concrete confirmation of the validity of our position as we direct our efforts towards the much larger ICC 2 and ICSID arbitrations, to be concluded in 2025 and 2026 respectively."


keep em never ending 🥕🥕🥕 rolling


User: Takeyourbets
Posted in: ZEN
Price: 0.75p
Date: 17 Apr 2020
Rec: STRONG BUY
I am in as of today


proof of tragic mans 7.5p entry (post consolidation money) to a share price of 1.2p today 😲


oh dear oh dear oh dear 🤡

[kemche] 12/8/2024 08:32

Is the whoosh on?

[zengas] 02/8/2024 14:19

I posted this a year ago when the 2023 accounts came out

' The Consultancy fees and travel expenses in the last 6 years are absolutely horrendous totalling over $16m alone. Both these items are excessive for such a small company and which is now working on securing a few hundred bopd in the US. This doesn't take into account salaries, admin etc.

Consultancy fees yr end 31st March

2023 $6.658m
2022 $3.028m
2021 $611k
2020 $629k
2019 $1.021m
2018 $1.135m
Total last 6 years $13m.

Travel for the same periods

2023 $762k = $14,600 per week.
2022 $617k = $11,865 per week.
2021 $206k = $3,600 per week.
2020 $425k = $8,170 per week.
2019 $567k = $10,900 per week.
2018 $548k = $10,538 per week.

Total last 6 years = $3.125m '

----------------

Now add in year end 31st March 2024.
Consultancy fees $4.953m and Travel $751k.

Brings the total for the last 7 years to $18m for consultancy fees and almost $3.9m for travel.

Almost $22m now and nobody raises an eyebrow on those eye watering amounts.

Won't scare anyone with the interest payments in the same time.

No nomad because they're not on AIM which would have been more accountable imo had it been so.

Absolutely shameful.

[zengas] 02/8/2024 12:31

How long can they stay afloat for ?

1) The interest costs for 12 months to end of March 2024 was $5m.

2) Listing costs for the 2 markets UK & Norway $570k.

3) How did they manage to blow $1.566m negotiation costs for acquisitions (to who actually ?) and end up with just a royalty interest bid at auction instead.

4) Another $4.953m spent on consultancy fees. Incredible ! Consulting on what ???

5) Travel again a whopping $751k compared to $762k a year earlier. How the heck are they managing to spend the equivalent of $62,500 every month or almost $14,500/week.

6) Arbitration costs $1.658m.

Above is absoluely shameful.

$200k left in the bank 4 months ago .

Revenue is just $1.7m/year which costs $1.085m to produce which leaves a margin of $700k. But you then have $1.7m for salaries and $650k for office on top of other admin.

Has an absolute mountain of debt. Kept going by further borrowing at a much higher interest rate to settle the previous term. Now the finance expense will have risen as a result of the higher rate.

"The Company started negotiations to sell its Drilling Rig ZEN-260 in April 2024, that will most likely be finalized within the next 12 months". - They expect $5.2m net after commission fees when sold. So in all that time they didn't bother to update on the Kazahkstan acquistion where they had planned to move the rig.

If you only count the salaries, previous lower interst rate payments and listing costs above = $7.2m - imo they are running at a loss of $600k/month so from 1st April will have pro rata consumed over $2m of loss funded by debt by today and ongoing.

Heaven forbid more arbitration costs up front or more ridiculous consultancy fees ?

Expecting significant dilution through share issues to say afloat. Wouldn't surprise me if delisting is a possibility due to the state they are in to save cash.

Absolutely mad imo.

[the patriotic irishman] 01/7/2024 11:41

STRONG BUY 😲


User: Takeyourbets
Price: 1.85
Rec: Strong Buy
Today 11:14
Subject: Zenith acquired Albanian asset




WHOOPS 🤡

User: Takeyourbets
Price: 1.85
Rec: No Opinion
Today 11:18
Subject: Zenith acquired Albanian asset

Sorry guys it’s from 2016 my mistake



NO Azerbaijan NO PARTY 🥳

NO Nigeria NO PARTY 🥳

NO Congo NO PARTY 🥳

NO Tunisia NO PARTY 🥳

NO Benin NO PARTY 🥳

NO Yemen NO PARTY 🥳

NO Albania NO PARTY 🥳


soon to be

NO litigation millions NO PARTY 😉


oh dear oh dear oh dear 🤣🤣🤣

[muddy_40] 13/6/2024 13:42

Oh dear...dead cat bounce..better call saul

[the patriotic irishman] 04/6/2024 16:01

LOL muddy

I reckon it's the other way around and we are living in the tragic mans head 😉


I also think someone should break it gently to TYB that his 5p by Christmas 2024 prediction is REALLY 0.5p in old (pre consolidation) money 😲


User: Takeyourbets
Posted in: ZEN
Price: 0.75p
Date: 17 Apr 2020 08:58
Rec: Strong Buy
I am in as of today


7.5p (new money) to 5p in 4 years is hardly 100% up 🤣🤣🤣


oh dear 🤡

[muddy_40] 04/6/2024 15:14

Watch out TPI, Tragic man will think he is living in your Head..

Better call Saul

oh dear

[the patriotic irishman] 04/6/2024 09:15

5p by Christmas eh ?

can someone ask the tragic man if that is in new money or old and which Christmas 😉

[the patriotic irishman] 04/6/2024 09:10

rolling rolling rolling

keep em arbitration 🥕🥕🥕 rolling


oh dear 🤡

[muddy_40] 31/5/2024 18:01

Oh dear. TYB lost all credibility..if he ever had any

Shame he drags a good company down

Better call Saul

Oh dear

[muddy_40] 31/5/2024 17:59

At last me and TYB agree


Takeyourbets

Posted in: ZEN

Posts: 3,068

Price: 0.325

Strong Buy

RE: 1.5M BUY28 Jun 2023 09:04
I agree mls eventually the price will get back to 1.5p

[muddy_40] 31/5/2024 17:58

Looks like it is heading to 1.5p but will it be a wall

Takeyourbets

Posted in: ZEN

Posts: 3,068

Price: 0.35

Strong Buy

RE: FINISHED +7%30 Jun 2023 02:15
Agreed mls was a good close, buttime to get back to 0.8, then 1.25 and finally the 1.5 wall

[muddy_40] 31/5/2024 17:54

Looking more like to go down to 1p

Takeyourbets

Posted in: ZEN

Posts: 3,068

Price: 0.425

Strong Buy

RE: Texas12 Aug 2023 00:43
Zengas what if it goes to 1p

[muddy_40] 26/5/2024 15:00

No idea..I think it's a atYB fantasy forum.

It is so he doesn't post on the other place and have Zengas question him.

Smoke and mirror's

[mls678] 24/5/2024 16:47

What website is this forum?

[muddy_40] 24/5/2024 09:10

Oh dear.

I think I will join the Norwegian forum all is ok over there it seems.

And my mate MGS posts there. So TYB says or was it Investyersmart or Florida never mind all the same person, anyway doesn't matter

Yes 🥕🥕🥕 is the way to go.

Get kilo of 🥕🥕🥕 for 47 Zen shares at pennyland.....lol

Better call Saul

Oh dear

[the patriotic irishman] 24/5/2024 08:34

oh dear oh dear oh dear 😲


24-May-24 09:22:43 1.26 50,000 Sell 1.80 2.0 £630 O


so much for TYB The Tragic Mans 3p (30p post consolidation) in a heartbeat 🤡



I seem to recall telling peeps 3 years ago they'd be better off investing in 🥕🥕🥕


looks like I might have been right 🤣🤣🤣