Zenith Energy Share Discussion Threads

[h2owater] 14/1/2017 09:48

This puts a total current value of C$61,017,679 on the Azeri Assets or 58.3c per fully
diluted share.
By approaching the valuation in this way some measure of the inherent value in the full field
attributable to the company is recognised now but it is also understood that the longer-term
plans will need to be sanctioned for active development and funding solutions (reserves
based lending most likely) for the proposed development works in-place before a fuller
‘carry’ of their value can be brought into the company valuation.
Yes, we know the ‘fair value’ is and was brought in on the P&L as part of the business
combination but that is the accounting world and this is our ‘equity world’. In short, this is
our valuation of the equity and this is what we think is fair to consider at this juncture.
For an investor it means there is a clear pathway to increase the carrying value further as
works progress and as plans firm up. It will be a very exiting few years for Zenith. As we
said at the start we believe that the shares could move towards a mid-cap E&P valuation
on a long-term investment horizon if the company sticks to the path and drills out the field
as proposed.
Italian Assets
For the Italian assets, we have run the cash flow models using the latest near term net cash
flow projections and the forward engineering, taking note that the new works on the
Torrente Cingo License are moved to 2020.
This puts a value of C$7,164,564 on Zenith’s Italian assets or 6.8c/fully diluted share which
we point out equates to the current stock price alone.
Summary
As we have chosen to set-aside Zenith’s Argentinian assets until future production is
clearer, this gives a sum of the parts valuation, assuming full dilution and excluding further
capital issues, of 65.1c/share.

[h2owater] 14/1/2017 09:37

hxxp://www.alignresearch.co.uk/wp-content/uploads/2016/10/Zenith_Energy_Align_Research_12th_October.pdf

[richie666] 13/1/2017 18:03

For those that missed the IPO Zenith is one of the constituent companies here -

GRIT trading at a 50% discount to NAV and so a cheaper way to enter ZEN. I have put my money behind my mouth per here -

[royalalbert] 13/1/2017 16:15

cpap
Copy address bar of article
Paste in article post section
simples

[h2owater] 13/1/2017 16:14

Was up 44% briefly in Canada on huge volume!

[h2owater] 13/1/2017 16:12

C manIf you can great, otherwise no worries

[cpap man] 13/1/2017 16:00

With regards to POST 115 h2owater if you tell me how to do it i will try although not known for being the World's top techie!

[lufc5] 13/1/2017 15:58

Something stirring?

[h2owater] 13/1/2017 15:45

13 January 201713 January 2017ZENITH ENERGY LTD("Zenith" or the "Company")Director DealingZenith Energy Ltd. (ZEN.LN and ZEE on TSX-V) announces that, on 11 January 2017, Andrea Cattaneo, Chief Executive Officer of the Company, purchased 100,000 common shares of no par value in the Company ("Common Shares") at a price of GBP0.08 per Common Share.Following this transaction, Mr Cattaneo now holds 1,547,485 Common Shares representing 1.57 per cent. of the Common Shares in issue.

[h2owater] 13/1/2017 15:28

cpap man

Can you put the TSX: ZEE charts on the header as well

Thanks

[cpap man] 13/1/2017 15:00

ZEN are ticking back up nicely now....

[cpap man] 13/1/2017 14:00

Zenith Energy

www.zenithenergy.ca

[cpap man] 13/1/2017 13:47

Think this is the one Andy....



ZEN are currently trading at sub 10p v target share price of 42p



Zenith Energy

Compelling investment play on Azerbaijan –
sum of the parts target of 42p per share

Zenith Energy has dual listed in London on the standard segment of the Official List in tandem with a private placing raising a net £2.016m at 7p per share.

Zenith has recently built up its existing portfolio by adding a substantial acquisition in Azerbaijan which we believe could propel the company towards a mid-cap oil valuation on a medium – long term investment timeframe.

In Azerbaijan, 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, with three under-developed oil fields offering Zenith both development and exploration upside.

In Italy Zenith owns various gas production and exploration assets. It also owns interests in two small oil fields in Argentina where production has been curtailed after a recent storage tank collapse.

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.

[andy] 13/1/2017 13:46

tyranosaurus13 Jan '17 - 13:37 - 107 of 108 0 0
Some people are quoting the broker price target of 42p.

-------

Which broker has predicted 42p please?

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

Duplicate post

[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.