Zenith Energy Share Discussion Threads

[cpap man] 13/1/2017 13:45

Yes tyranosaurus i agree that a large dose of salt is required with the share price target for ZEN at 42p+

It is set far too conservatively and should have been set even higher....

[barnetpeter] 13/1/2017 13:41

Look at the volume on this today. 25% of the company traded by the end of the day?

[tyranosaurus] 13/1/2017 13:37

Some people are quoting the broker price target of 42p.
This may or may not be a possible price.
Generally these targets should be taken with a large dose of salt.

Some of these targets are so over the top that the brokers are either trying to pump the stock with a silly target OR they have no idea what they are talking about.
There appears to be no regulation or comeback on these.

[pondymark] 13/1/2017 13:17

I have been following Highlands Natural Resources which is also a Standard List and has the same restrictions they have had to look at other funding routes which are numerous in the current environment.

[cpap man] 13/1/2017 12:42

Excellent post 102 pondymark and yet grannyboy still does not appear to get it!

+

as i have already stated grannyboy...."fund raisings" do NOT have to be for equity!

[grannyboy] 13/1/2017 12:39

pondymark you should watch the video, the CEO without putting in to so many words admitted that there will be a fundraising.

[pondymark] 13/1/2017 12:30

ZENITH wont be doing a fund raising in the near future. The rules of the Standard list restrict placings to 10% of market cap once a year without publishing a new prospectus which is prohibitively expensive.

[red nutter] 13/1/2017 11:35

granny boy - look at KOD they raised funds at a lower price, but still keeps rising.

If fundamentals are fine then raising funds is not always a bad thing.

[barnetpeter] 13/1/2017 11:31

Plus it's not very much to raise for a full member not aim from the institutions. I guess gun will stick in 500k and there are plenty of others too. 50k a day in oil production...there are some suggestions oil will move to 80 to 100 dollars a barrel.

[cpap man] 13/1/2017 11:30

You do what ever you want grannyboy [pity that you didn't take the time to read my recent ZEN posts properly!?!?!] but in the mean time i will continue to make money loads of it!

[grannyboy] 13/1/2017 11:28

My point is i will invest when the next fundraising is sorted, which shouldn't be to long...You can not deny that there IS going to be a fundraise..

I'm not slagging the company off because its got plenty of potential, but when they do the fundraise i don't want to be caught in at an higher s/p..

[cpap man] 13/1/2017 11:25

And you obviously have to factor in the robust cash flow....

Acquisitions funded from cash-flow in established oil and gas jurisdictions

Positive cash-flow from operations and significant Azeri production and development upside potential

Achieving the 12 month target of 1,000 BOPD at low all-in cash costs

Robust operational model in low price environment yielding free cash-flow

[cpap man] 13/1/2017 11:20

STAGE 2

 Secure reserve based loan facility and/or
development finance facility

[cpap man] 13/1/2017 11:15

Almost all natural resources companies raise funds at some point grannyboy. ZEN have just done that with the main board list in London so really not sure what your point is?

Also take a look at the presentation [might not be further equity!]

Development financed from cash-flow and traditional debt structures
Azerbaijan Investment Opportunity

[grannyboy] 13/1/2017 11:09

Just watch the video with the CEO, and at about 9.30 mins in he was asked whether there would be a need for another fundraise and he more or less admits there will be, but 'obviously' wants the share price to be higher...

So yes there WILL be a fundraise in the near future..

[cpap man] 13/1/2017 11:00

LUFC513 Jan '17 - 10:17 - 82 of 92 1 0

falia..... wrong thread.

[falia] 13/1/2017 10:56

PAA RISING

[sigora] 13/1/2017 10:45

jeez you a very busy man cpap

[cpap man] 13/1/2017 10:30

There are of course other slides that could be posted but hopefully that is enough to be getting on with for now!

[cpap man] 13/1/2017 10:28

Summary

Owner, operator and developer of producing low cost oil and gas fields

Development of 3 onshore Azerbaijan fields with current production of approx. 295 BOEPD

$1.98 billion NPV Undiscounted for Azerbaijan 1P+2P reserves

Strong industrial procedures

Strong operational personnel

Proven acquisition management

$52 million NPV undiscounted NI 51- 101 compliant Argentina and Italy 1P+2P reserves (August 31, 2016)

Acquisitions funded from cash-flow in established oil and gas jurisdictions

Positive cash-flow from operations and significant Azeri production and development upside potential

Achieving the 12 month target of 1,000 BOPD at low all-in cash costs

Robust operational model in low price environment yielding free cash-flow

[cpap man] 13/1/2017 10:25

STAGE 3

 Identify new wells for enhanced recovery techniques

 Increase reserves through further appraisal

 Identify existing and new wells for development program

 Purchase new workover rig

 Identify and execute acquisitions to
increase production and reserves

[cpap man] 13/1/2017 10:23

STAGE 2

 Development programme commences in Azerbaijan

 Optimization and work over program in Italy

 Ramp up overall production

 Secure reserve based loan facility and/or
development finance facility

[cpap man] 13/1/2017 10:22

STAGE 1

 Start trading on the LSE

 Streamlining of operations in Azerbaijan

 Appointment of new directors

[cpap man] 13/1/2017 10:20

Significant assets in well-known oil and gas regions.

Operator in Azerbaijan, one of the world’s most established energy producers.

Interests in reasonably stable countries with a long history of hydrocarbon extraction.

Dynamic and adaptable company structure.

Know-how and new technologies applied in old and marginal fields.

Attention to environmental and social aspects, employing local personnel in all operations.

The Group has a strong and committed management team

Substantial relevant industry knowledge

Proven track record of operational success

Ability to capitalise on management’s extensive international connections