Zenith Energy Share Discussion Threads

[bad gateway] 03/7/2017 07:41

An "overall success." Hmm
Good that they've got the 46bpd not so good they're still having trouble with the tubing.If they get the pump right then alls good but if they screw that up...

[muddy_40] 03/7/2017 07:29

need update on m195 now, things looking up

[zengas] 03/7/2017 07:12

Nice update

46 bopd from M45 and with a pump should be able to do 150 bopd when fitted in 3 weeks.

If so, 3 more wells like that and 1,000 bopd is within reach.

[muddy_40] 03/7/2017 07:11

Good news today, 46 bopd and expect 150 bopd when pump fitted, not to shabby

[sea7] 30/6/2017 19:31

rns out, reserves update and warrant execution

[sea7] 29/6/2017 19:16

At the date of the accounts, the net current asset value, excluding non current liabilities was £852k. So they are able to keep their heads above water at this time.

They have non current loans and borrowings of £2.9m, which considering the payment timeframes and schedules, they should be able to meet these obligations in addition to ongoing opex and capex.

If we look at the operational level of the two operations we see that, excluding depletion, depreciation, impairment and finance charges, the underlying business in Italy made a profit of £26k.

Excluding the same from the azer business, we got an operational profit of £106k for the period covered.

They are currently generating about £100k a month free cashflow, so as things stand they are profitable at the operational level, however, they need to up their game in both operations to ensure that the overall picture is positive and not just at the operational level.

The muted response of the market today, indicates that the market is ok with the results as they only reflect part of a years production, however, this benefit of the doubt will evaporate rapidly, if progress at m195 and m45 is not as expected.

[andy] 29/6/2017 18:12

granny,

After hours results are normally released late because they are bad.


I only read them briefly, but they were low on funds, and it seems the London listing and money replenished the coffers.

[ravin146] 29/6/2017 17:37

https://m.youtube.com/watch?v=tzKbQSKUzoQ

[grannyboy] 29/6/2017 17:09

Obviously the market didn't think much of yesterdays after hours annual results...Maybe they want to see a successful w/o completed..SOMEDAY!!

[ravin146] 29/6/2017 16:32

Cpap do you hold shares in ZEN?

[arab3] 29/6/2017 08:12

cpapman
how many boards are you spamming ?

[cpap man] 29/6/2017 07:25

Yes bp but can ZEN still really make 1,000 bopd by March next year?

[aggieuk] 29/6/2017 07:23

How can the target of 1000 BOPD be on target the only workover that actually worked was the pumps in I think it was three wells that produced 14 extra barrels. This is way off target at the moment not one proper worksover has been successful, so they need to prove they have the capability fast, before everyone starts to bail out, which they will if we get anymore failures.

[ravin146] 28/6/2017 23:57

If this doesn't give you confidence, imo it's time to move on!

RNS...today...

"The Company's primary objective is to achieve incremental oil production increases in Azerbaijan. Our oil production target of 1000 BOPD by March 31, 2018 should project Zenith towards a mid-tier market capitalisation. I have full confidence that our systematic programme of field rehabilitation, begun in February 2017, will achieve this target and I am very excited about our journey ahead."


....

The CEO has continuously been positive, regardless of any, I say small obstacles- as with any new oil player, as relatively speaking part of a full plan, the workovers, are yes, important, though long term it is a small part of as massive journey. Target of 1000 on track...

"Mid tier..." company target...enough said.

Dyor. CEO is confident and being honest?!

#undervalued

[barnetpeter] 28/6/2017 21:13

The Company has a very prosperous journey ahead with an opportunity to significantly increase our oil production revenues and thereby enhance our market capitalisation as we progress with the field rehabilitation, development and exploration of the largest onshore oilfield in Azerbaijan.

This is in addition to our diversified energy production portfolio in Italy which also presents opportunities to substantially increase revenues through our production of electricity, natural gas and condensate.
 
The Company's primary objective is to achieve incremental oil production increases in Azerbaijan. Our oil production target of 1000 BOPD by March 31, 2018 should project Zenith towards a mid-tier market capitalisation. I have full confidence that our systematic programme of field rehabilitation, begun in February 2017, will achieve this target and I am very excited about our journey ahead."

[barnetpeter] 28/6/2017 21:13

TERRIFIC results. This is valued at below £10 million?


During the year, Zenith reported revenues of CAD$ 4,424,000 (GBP 2,655,310) (2016 - CAD$ 791,000), an increase of 459.3% year-on-year.
 
-     During the year, Zenith reported a gain of CAD$ 567,378,000 (GBP 341,826,000) (2016 - loss of CAD$ 7,675,000- GBP 4,623,930) which primarily reflects the value of the Azerbaijan asset acquisition under IFRS standards.
 
-     Net profit for fiscal year ending March 31, 2017 equates to CAD$ 4.54 (GBP 2.74) per share, on a fully diluted basis.
 
-     As of March 31, 2017 Zenith held CAD$ 3,924,000 (GBP 2,364,080) in cash (March 31, 2016 CAD$ 138,000 - GBP 83,140).
 

[jamdan1] 28/6/2017 20:45

Results out...look very good. Doubt if you will be able to buy for 8.5 in the morning

[grannyboy] 28/6/2017 10:58

Well agree in part to what you say Andy, in respect of the twitter, but what i got from those twitter pics etc, was the company's attempts to pacify and quieten those who wondered why it was taking so long to complete a w/o.

The system they're now using is supposed to be quick and efficient, so they should be almost ready to start flow testing, if they're not already..

[andy] 28/6/2017 10:05

granny,

I agree, forget Twitter and just get on with the job!

Once done, announce without leaks, and let the share price react accordingly.

I think they need to focus on the oil, and forget using Twitter, it makes it look as though they are desperately defending the share price in my opinion.

Once value is created, the share price will respond on the facts.

[grannyboy] 28/6/2017 08:17

Silence seems to have descended on the activities of team A..who are doing the pump replacements..Maybe thats a good thing, going by their past performance and lackadaisical approach....

[timw3] 27/6/2017 09:32

UKOG holding very steady at 2p levels. Can see a new recent high very soon on the next leg up

[currypasty] 27/6/2017 08:16

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