Zenith Energy Share Discussion Threads

[cpap man] 12/1/2017 09:23

Hey novice52 i went through all the documentation last night including the listing prospectus and i think that scotty666 in POST 15 has basically summed it up very well.

All signed off by a decent firm of accountants as well.

[aimmafia] 12/1/2017 09:08

A lot of buying yesterday and down today

[snickerdog] 12/1/2017 08:43

The 7.25p was an internal movement at the broker Optiva. I called to check.

[cpap man] 12/1/2017 07:57

Ok BUY then!

[alamaison] 11/1/2017 23:01

Producing 300bop. Targeting 1,000,000 per year in feeeew years.
Reminds me of MAX petroleum, lol.
Be very cautious. It will take time but it will go up one day.
On my watch list but certainly not in yet.

Excellent start? Really?
Sold at 7.25 when the bid was 7.75p and the ask at 8.5p 1,000,000.

Yes, sure...
This one is as dodgy as a sausage in a vegan shop.

[cpap man] 11/1/2017 16:00

Ok fair enough scotty666 but just bear it in mind if it all goes pear shaped on the BB's.

[scyther] 11/1/2017 13:38

Anyone know what price gun paid for their shares??

[scotty666] 11/1/2017 13:22

Novice I think you need to look at the full details of the business combination for a balanced view. IMO

[cpap man] 11/1/2017 12:20

IPO 7p / current share price 8p / price target 42p

[cpap man] 11/1/2017 12:05

Sum-of the parts valuation suggests significant value

"Valuing the Azerbaijan assets using a DCF model based on the new CPR report and adding in the Italian assets, while wary of further capital issues, we have a sum of the parts valuation of 42 pence per share. The Italian assets alone cover in excess of 50% of the market cap, with Azerbaijan providing significant potential value."

[cpap man] 11/1/2017 12:02

Acquisition in Azerbaijan potentially transformative

"Located in the Lower Kura Basin and around 240km inland from Baku, the Muradxanli Block is the largest onshore oil and gas concession in the country, covering 642.4km2 with three under-developed oil fields, the Muradxanli, Cafarli and Zardab Fields and offering both development and exploration upside."

[cpap man] 11/1/2017 11:57

Wednesday 11 January, 2017
Gunsynd PLC
Zenith Energy Ltd
RNS Number : 9172T
Gunsynd PLC
11 January 2017

Gunsynd plc

("Gunsynd" or the "Company")

Zenith Energy Ltd



Further to the announcement made by the Company on 10th January 2017, the Board of Gunsynd (AIM: GUN, ISDX: GUN) is pleased to note the successful listing today of Zenith Energy Ltd ("Zenith") onto the standard listing segment of the Official List on the London Stock Exchange's under the ticker symbol "ZEN" ("Listing").



Zenith is a Canadian oil & gas exploration and production company and is also listed on the TSX Venture Exchange with the ticker ZEE.



Zenith operates onshore oil fields in Azerbaijan through its fully owned subsidiary, has oil fields in Argentina and significant gas producing assets in Italy. The Company's Italian operations also include the production of electricity and condensate.



The Company's total investment in Zenith, at cost, is now approximately £524,000.



Commenting on Zenith's Listing, Hamish Harris, executive Chairman of the Company, said:



"We are very pleased with the performance so far of our investment and eagerly look forward to more news from Zenith in the future, particularly with respect to its Azerbaijan asset which we believe to contain significant potential in terms of near and medium term production."

[cpap man] 11/1/2017 11:53

Looks like a lot!

[novice52] 11/1/2017 11:29

Be careful with Zen,
Total liabilities of $462,005,414!!! Yes 400 millon. How will it ay that back?
Also page 7 from Nov report
"a Current cash resources will not be sufficient to continue the
exploration and development activities. These conditions indicate the existence of material uncertainties that
may cast doubt on the Company’s ability to continue as a going concern. "
How will the £2 million raised be enough???
What have I missed?

[scyther] 11/1/2017 11:14

And field work And working capital Try reading the whole statement before trying to deramp

[apfindley] 11/1/2017 11:03

HahahaPeople jumping aboard on a twitter pump, but failed to read.... "The net proceeds of the UK funding will be used for debt repayment"Wait for it to fall.....

[qs99] 11/1/2017 11:01

Looks an interesting one, even if research note is half right!

[cpap man] 11/1/2017 08:58

Thanks to both scotty666 & richie666 [are you brothers?]

As you are both BLUE posters may i suggest that one of you [scotty666 perhaps as you set up the ANGS thread] set up a new ZEN thread so that any trouble makers can moving forwards be dealt with via MODERATION & BANNING

[richie666] 11/1/2017 08:53

Full note here -

[scotty666] 11/1/2017 08:43

Thanks for setting up the board cpap.

[cpap man] 11/1/2017 08:40

Andrea Cattaneo, Zenith Energy CEO commented:-



"We are pleased to have successfully completed Zenith's admission to trading on the London Stock Exchange's main market. We believe that the Company's listing on the Official List will provide a supportive platform to help us achieve our ambitious growth objectives."



Zenith Energy

www.zenithenergy.ca

Andrea Cattaneo, CEO

[e-mail]