Zenith Energy Share Discussion Threads

[ravin146] 05/12/2017 11:42

Will the conference/presentation video be published? I'd like to hear it all before making a judgement

[cashandcard] 05/12/2017 10:48

buffy,


Thanks for the feedback.

Keenly awaiting Zardab results.

Cash

[buffythebuffoon] 05/12/2017 10:33

P.S. FWIW, They have three pumps installed out of thirteen, and the ESP for M195 has not yet been supplied by Schlumberger apparently.

[buffythebuffoon] 05/12/2017 10:31

My brother was at the meeting and asked several questions.

AC confirmed we would definitely get an RNS on Z28 within two weeks. Of course, those are only words, not actions, but that’s what he said.

As for the search for new assets, they introduced a new guy, who said that the search and deal could take many months, so no financial commitment for some time.

Apparently there were around 25-30 people there.

The CFO, Luca, is the only one to take a salary in cash!

There are not many companies that can boast that. Although the one person I would have liked to have taken a salary in cash is the CFO....

Buffy

[whites123] 05/12/2017 09:53

Is PXOG : PROSPEX OIL and GAS GOING TO BE THE NEXT MULTI BAGGER?
III tend to think its possible for 200% PLUS gains to be had...
Target Depth to be reached this weekend for the Italian drill. !!
Last week Director bought £40,000 worth.

This from III.


PROSPEX OIL revisited. (LSE:PXOG) When discussing share prices, sometimes we will appear to use "weasel words" in what can be perceived as an attempt to cover our derrière. The truth is rather more boring - share prices usually do not go straight to target.

Prospex is a case in point. Near term (ie, probably this week) it appears movement above just 0.84p will indicate growth to an utterly useless target of 0.96p. Any self respecting AIM share will ensure such a trading prospect is gobbled up by the spread but for us, of particular interest will a mid-price of 0.96p if bettered. For us, this indicates underlying strength and thus, despite any near term shenanigans, it will open the door for continued growth to 1.175p next.

At this point, the share starts become really interesting as such an ambition bonks against the immediate downtrend from September last year!



Normally, we'd embrace a cautionary note at such a level, realistically expecting some sort of reversal should 1.175 make an appearance. However, there's something quite important worth remembering. Whatever provoked the nasty droop back in January (RED HIGHLIGHT) DID NOT happen with the price being manipulated (gapped) downward. Therefore, despite the share effectively flatlining for most of this year, the lack of a gap tells us the share was not moved to a new trading range - something the market tends defend. Instead, the drop was simply part of a "normal" trading cycle and thus, anything above 1.175 is liable to be useful as continued growth toward 1.5p makes sense.

In fact, above 1.5p will tend suggest a coming attempt at the dashing BLUE line will become a viable ambition.

Last time we covered this lot, we vaguely apologised for its inclusion. We'd guess quite a few folk are keeping their eye on this, due to it once again featuring heavily in our email recently. About the only sensible warning we can give relates to the RED line on the chart. If it gets below 0.45p anytime now, asking Santa for running shoes may prove a wise policy.

Is PXOG : PROSPEX OIL and GAS GOING TO BE THE NEXT MULTI BAGGER?

With Romanian Gas find reported last week,
With the Italian drill expected to reach TD Thurs or Friday this week.!!!!!!! (See RNS)
And with a Director buying last week, are the dots lining up?

The recent decent updates far exceed the news which caused the drop we saw beginning of the year..

It was like losing a pound, then finding a tenner.... The stock has not realised that we are 9 quid up... :-)

Director buys £20k last week



Drilling update from Italy last week with statement of further updates in coming weeks.



Gas Discovery Romania last week.



Yes indeed... IMO it shouldn't be trading anywhere near as low as it is..

[cashandcard] 05/12/2017 09:49

Well, last nights presentation did not go down very well.

From feedback on lse board, apart from what was already expected, they are looking at new brownfield asset/s? Surely, at this stage, it is misguided to be trying to cast the net even wider. When they can just about get to grips with trying to workover the Azeri assets.

They need to focus on enhancing the datasets and increasing the Azeri production. Going for new assets is, in my opinion, an unnecessary self-inflicted distraction.

In terms of credibility, alot hinges on Zardab, I would rather they employ more capital to get those old wells working.


Cash

[grannyboy] 05/12/2017 09:43

Z28 is starting to mirror exactly how M195 turned out...In other words z28 should be renamed...M195 mark2!!!

[thelung] 05/12/2017 09:38

Oh. Poor Field Ops staff got shafted on their options

[gregpeck7] 05/12/2017 09:31

They have put too many warrants through too fast. This is only a small cap and the result is they have trashed the share price

[sleveen] 05/12/2017 09:25

Z28 a duster?

More warrants?

[ravin146] 05/12/2017 06:39

"Don’t hold your breath on the ESP for M195"I don't give a shyt...they ordered a custom made ESP for 195...wtf is going on?

[muddy_40] 05/12/2017 06:19

Hi Buffy,

I take it you was at the meeting? how was it? a big turnout?

[buffythebuffoon] 04/12/2017 21:46

Don’t hold your breath on the ESP for M195, but we will definitely have news on Z28 within two weeks according to AC tonight.

Buffy

[aggieuk] 04/12/2017 19:45

There's a few investors going along from the LSE B.B. so hopefully sometime soon we'll hear something although I doubt it'll be anything of much use. Suppose it's a sit and wait job.

[davidspringbank] 04/12/2017 17:19

It would be useful if these points could be put to him at the Investor's meeting. At least he has taken a lead and put his money where his mouth is. I like management with skin in the game.

[bad gateway] 04/12/2017 15:07

Well all he can say really is " I'm not going to tell you how much production has fallen the last few months as its not in the public domain. Oh and by the way ignore the constant warrants and options flowing out the co. the share price should be a £ at least."
or something to that effect but a bit more flowery imo...

[grannyboy] 04/12/2017 14:58

For all the good its going to be, a park bench would suffice....it might as well be by smoke signal!!

[albo] 04/12/2017 14:09

What's the location of the investor meeting this evening? Or is it by phone?

[davidspringbank] 04/12/2017 13:32

Bargain top up.

[cottoner] 04/12/2017 13:10

that's better :-)

[ravin146] 04/12/2017 13:09

*staged 300,000 buy

[cottoner] 04/12/2017 13:06

Zenith Energy Ltd., ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that Mr. Andrea Cattaneo, Chief Executive Officer and President of the Company, has today purchased a total of 300,000 common shares of no par value in the capital of the Company ("Common Shares") at an average price of £0.08278 per Common Share.

[ravin146] 04/12/2017 13:04

It's all been staged, unfortunately he has no new news to talk about. This is the second time this has happened. Pointless conference imo. Maybe it's their Xmas party after.Staged 200,000 buy, after the share price has drifted from 12p to 7p. Note the CEO diluted the share price by exercising options for delivery of 2,000,000 at 5.9p and then used most of these to pay personal debts, knowing very well that the financial advisors will sell straight away at a profit...maybe why zen has fallen from 12p buy 2/140m shouldn't have done that so it looks to be due to the delays and maybe a leaky ship.Still waiting for the first workovers result since January!

[buffythebuffoon] 04/12/2017 12:26

I guess the presentation is principally for new investors.

Besides which, the chance to get an answer in person is usually more informative...

Buffy

[bad gateway] 04/12/2017 12:15

Noted LM. Hard to see the point of the presentation tonight if theres no new news though.
Would have thought Andrea knows the market wants hard production figures, scattered rns's on director buys amidst the constant drip drip of warrants and other dilutions doesn't seem enough anymore.