Zenith Energy Share Discussion Threads

[andy] 16/6/2017 12:03

Dipla,

Why are you posting Raving's "filter" (LOL!) list here?

Even he has been caught out as it couldn't be true as otherwise he couldn't access this thread! OOOPS!


You have another thread to post it on now, so I don't understand why you are here repeating that rubbish, which even Raving admits isn't true?

[cpap man] 16/6/2017 12:03

Hi Andy....yes website first [more professional] and then on to other sensible outlets such as Tw*tt*r

[andy] 16/6/2017 12:01

Sea7,

I don't think companies should be using Twitter to give updates, their own website and RNS should be the way, IMO.


I agree, it seems more about "juicing" than informing, and that sends the wrong message in my view.

[andy] 16/6/2017 11:59

aggieuk16 Jun '17 - 11:03 - 2578 of 2587 0 0
Seen it many times on AIM perhaps? Most probably not main market companies.

-------

ZEN is a 'standard listing', which is more akin to AIM than the main market, IMO.

[sea7] 16/6/2017 11:38

yep, I would have preferred that he did not rush out that rns stating 149 barrels of fluid a day at m195. I think he did this as it had taken so long and he knew investors were complaining about the delays. He felt he had to give us something.

It would have been much better if he had simply said that the sidetrack had been completed successfully and that a further announcement would be made once flow rates were known.

[aggieuk] 16/6/2017 11:31

Oh and less of the fricking 'fluids' talk..... lol

[aggieuk] 16/6/2017 11:31

This is the thing with AC he's shouted on top of every building he could, he got all the attention, then he failed miserably. The progress is painfully slow and with all the attention people have naturally looked in and saw the car crash materialising before their very eyes. It was a or disaster of his own making.However..If he has succeeded then I feel we would be at one of the broker targets now as he had the stage and people were listening and with AIM investors seeming to have a multi bagger story each week, we could have been on that train and could have make some serious money.So hopefully now he's learnt his lesson, less showboating until you actually have something to showboat about. Then go full steam with the PR.

[sea7] 16/6/2017 11:29

As you both say, there is the other side of the coin and that is that the two wells could be delayed and not flowing as much as expected, the new kit has depleted cash too quickly, the price of oil dropping, the uncertainty surrounding andrea's talk of an interesting acquisition and how it will be financed and of course the relatively small debt position that must be serviced as well.

On balance, they are keeping it all going and we will find out in the coming days and weeks if they are successful at the wells and the pressure comes off a bit.

[sea7] 16/6/2017 11:25

the large selling volume can indicate the bottom of the price cycle and that this is the "selling climax". It could also be indicative of a larger seller that has been in the background, accelerating the sales as they get close to the point of exhausting their position.

If the two scenarios above are correct, then we should see a price rise in the coming days and weeks, which would tie in nicely with the expected good news on the wells.

[pugugly] 16/6/2017 11:18

aggieuk: You have put your finger on it with "AC can start proving that he talks the talk but can also walk the walk too."

To date he has not done so and (imo) with his TRUMPISM of using twitter he has not done himself any good - That is one of the reasons (imo) that the share price is falling also the constant large volume selling suggests (to me anyway) that large holders are uncomfortable and fear further falls - failure to meet objectives - or dilutive placing or issue of shares. Not deramping - just being realistic.

Still watching to possibly top up - but lost too many fingers already !! I have also seen in on Main Market - inc FTSE 100 stocks - Marconi for one back in ?2001 but for differnt reasons - Also remember Rolls went bust many years ago . OK agreed not so often as AIM by how about Tesco with false account or RBS which had to be rescued.

[sea7] 16/6/2017 11:14

Yep, aggieuk

I have invested in aim stocks for the last ten years and am all to aware of the hype, BS, lies and general pumping that goes on there.

I take no notice of any of it, I study the prospectus, the projects, the cash position, the management and then take a view on whether I think they can succeed or not.

[sea7] 16/6/2017 11:10

tks pug,

Due diligence tells us this and it is a risk factor when considering position size in this stock at this stage. I have been building a position over a couple of months, buying the downtrend at each drop in price. I never chase a rising stock.

I have not put a full position on here as yet and am keeping cash on the sidelines to support my position if needed.

We are due good news on these workovers, however, the bigger picture is that significant funds will be needed to progress this field to its full potential.

I take no notice of exceptionally short term stock pumping.

[aggieuk] 16/6/2017 11:03

Seen it many times on AIM perhaps? Most probably not main market companies. There's a bit of misting here when it comes to AIM, ZEN is certainly acting like an AIM share to be honest. But AC didn't help himself by using all the aim related PR houses which was basically ringing he dinner bell for all the shysters who fester on AIM to come and tear this potential beast of a company apart and ruin it. But now the shysters have their talons into ZEN it'll be hard to shake them off unless AC can start proving that he talks the talk but can also walk the walk too.

[sea7] 16/6/2017 10:58

The listing document says that the directors have authorisation to issue an unlimited amount of shares.

It also says that shareholder approval will not be required if a significant transaction is undertaken, even if there is an issue of shares associated with it.

They would however, seek shareholder approval for a reverse transaction.

There are certain chapters of the listing rules which this company does not have to comply with, so whilst the usual routine for main market, standard list is to issue a prospectus for more than 10% share issue in a rolling year, they have quite a free hand to do whatever they want, regardless of shareholders.

I am not expecting them to raise any funds for the current workover program as indicated and I am expecting fund raising for the main drilling programme, however, at these prices and the amount required it is more likely to be debt finance, with some share option/warrant sweetners.

If Andrea's proposed acquisition is a paper based one, then we are likely to see shares issued to acquire it. As long as the acquisition stands up to scrutiny, then the dilutive effect will not be severe over time. Unless you are a day trader of course and long.

[dipla] 16/6/2017 10:58

This list is bang on correct...rameshh stick to this list below, I assume from what you are commenting on rameshh that PUGUGLY is chatting shyt, as I've got it filtered...that shorter is a little lying rat!"ravin146 - 14 Jun 2017 - 23:38 - 2535 of 2574 - 1updated for new investors...Just a reminder for new investors to be aware of......small steps to a peace free bb, so you can ignore the bullshyt and save you time. Just to help you out, I have...FILTERED; g/t rannyboy (aka Markyboy on twitter), thegreatgeraldo,11yearoldSmith (missing), badgetaway, richie666 (align)AndyPugugly (deramper)Oakville (Coll. owns 6.3mill LOL)Duxy786 (buylower-shorting)Cpap (bullshyter like TMay) edit dipla you can't filter this moron as board creator!Lu(Di)kead (enough said) - trollMoney tree - trollGd luck, news hopefully days away.Imo, dyor and create own filter list"

[pugugly] 16/6/2017 10:48

ramesh: Just realists having seen it happen too many times before - Hope you do not loose to much before you learn the nasty realities of investing in equities - Remember the standard warning -"You may not be able to get back all you invested" - but you may (with luck) multibag many times.

[rameshh] 16/6/2017 10:31

WHAT A SHAMBLES THIS BOARD IS NOW...There are numerous posters creating false news that zen requires cash for the workovers...they do not need it now imo!This list is looking ever so spot on...pugugly cpap...the list goes on...Absolute bullshyters!Dyor

[aggieuk] 16/6/2017 09:41

That says to me they'd need to hold an egm as I said before and put any raise to a vote. If they change prospectus surely they would need shareholder agreement. Not an expert on these matters of course but why even set rules like that if it's so easy to circumvent them? Also confidence in AC would be lost due to his reassurances just here would be no further dilution. Not that confidence is 100% in him at this time anyway.

[andy] 16/6/2017 09:36

Sea7,

Yes there's always around the rules if you need to do them.

Shareholder approval could be sought and would almost certainly be given if such a request was made.

[sea7] 16/6/2017 09:20

IIRC, Main market standard listing, ongoing obligations are that, if a company wishes to issue more than 10% of its issued share capital, in an aggregated, rolling 12 month period, then it must issue an approved prospectus.

This would indicate that they are not restricted to 10% per year.

[duxy786] 16/6/2017 08:46

Still waiting on side lines. Wish they just the placing n get it over with. Your do, they are going to need the cash injection going forward.

[pugugly] 16/6/2017 08:39

aggieuk: grannyboy has answered your question in post 2565 - Very clear to me from recent podcast that UNLESS first 2 remediated well produce significant (and I mean by this above estimates) amount of crude they will (imo) be short of cash to implement their apparent upgraded work over original and possible new wells- I never said immediate fund raising but that unless etc.. plus they have obtained new and improved rigs and increased staffing all of which require CASH..
Also cost of new down well pumps and installation plus sand traps is not cheap - also not 100% certain that will last (look at the disasters FRR have had in trying to stop sand blocking - not that I would compare ZEN to FRR - the latter is (imo) a lifestyle company for their management !!)
Nothing to stop them from raising new funds whenever they like– just needs an egm resolution - Price very much an open question - Look at BPC placing to institutions and HNW's at 1p being flogged out to PI's at 10% plus profit !! Easy money..

Mr Market seems to agree as down again this morning 7.5//7.75p at time of posting

Edited Bid now down to 7.25p - at 8:45