Zenith Energy Share Discussion Threads

[jungmana] 14/7/2019 12:37

10p is just about GBP 30m market cap. I think anything above 500bopd will see 10p easily.See Bloe as a comparison

[muddy_40] 14/7/2019 11:59

Will be less than a penny on failure at C37..and need 1000 bbls per day to see 10 p. Imo

[jungmana] 14/7/2019 10:59

Next 3 weeks is either 2p or 10p+ . That's the gamble imo.

[grannyboy] 14/7/2019 10:51

The Top drive was fully installed last week, any other company would have spud by now, by rights there should be an RNS on Monday stating that fact....But this is zen, who has a different timeframe or urgency to any other being on the planet.

[andy] 14/7/2019 10:51

"'At 10mil mkt cap the downside is minimal...'"

-------


at £10 million market cap the potential downside is £10 million!

[wrtmf] 14/7/2019 08:05

good luck folks for the coming week or 2, for target depth and a top top result.
[entering silent mode, lol]

[muddyfox0151] 13/7/2019 02:08

Nice one :)

[wrtmf] 12/7/2019 23:15

don't get me wrong, i have some of these, but...'At 10mil mkt cap the downside is minimal...'

why couldn't it suddenly become 5m mcap?

[muddyfox0151] 12/7/2019 22:18

No oil , is risk free, only just invested , so here go , 4 uk pounds punt :)

[j2bull] 12/7/2019 22:11

The other 50k buy at 15:45 is mine got more dry powder if it goes lower or for confirmation of a strike considering the 2p reserves and lack of interest this has the potential to go nuts on a strike particularly in the lower Cretaceous. At 10mil mkt cap the downside is minimal...

[pjml] 12/7/2019 22:10

You would be silly not to buy I believe this is a no brainier like Kodal minerals

[block4gooner] 12/7/2019 21:00

The 50k buy at 13.03hrs today was me so I'm interested still :)

[muddyfox0151] 12/7/2019 20:18

Guess not Ha ha :)

[muddyfox0151] 12/7/2019 12:56

Doesn't seem much interest with spud due soon ?

[jungmana] 12/7/2019 09:02

Fingers and toes all crossed for a successful operation

[neo26] 12/7/2019 09:00

Spud monday, by friday know results of middle eocene and then biggie upper cretaceous.

[jungmana] 12/7/2019 08:30

Am rns on Monday imo . Been a very long wait

[pretax2] 11/7/2019 14:34

say goodbye to sub 3p today

[jungmana] 11/7/2019 09:11

Get that huge rig to work now :-)

[pretax2] 11/7/2019 08:05

Top drive fitted - see twitter photo

[sea7] 10/7/2019 14:17

no neo, you should look at the canadian tax laws on options treatment.

Andrea sells some shares he holds, he bought them higher up or was given them in lieu of salary, at a higher average price, as per the salary exchange program he agreed to.

He books losses for capital gains tax purposes on the share sale.

He then exercises his options, with the money he got from the share sales, which are out of the money.

He books a tax loss on the options as the exercise price is way above the current market price for the stock, in accordance with canadian tax law.

This loss is crystalised immediately. If the shares that Andrea exercised at 7p, increase in value above 7p, then he will pay tax on any gains above the 7p price.

(If Andrea had exercised "in the money" options, he gets taxed on the difference between the exercise price and the current market price and is advised to book the gain, because if the stock drops off in value later on, he is still liable to pay tax on the gain achieved on the transaction date, whether he sells or not)

[wrtmf] 10/7/2019 08:33

2.9 v 3.0
tightest its been in a while
steady climb of higher lows as we approach drilling sometime this year, lol

[jungmana] 09/7/2019 22:34

Risks vs reward. I think we all banking on operational success of well C37

[neo26] 09/7/2019 22:30

SeaThat dont make sense? So hes bought options at 7p and if they increase above 7p he pays tax.Hes already made a loss selling 3p and then buy at 7p.I think its more to do with helping the company out.