Zenith Energy Share Discussion Threads

[andy] 03/12/2019 08:53

"The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share"

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At the current share price of 2.4p, the initial consideration is worth a fraction of £400,000!


I'd go as far as to say that RNS is misleading, insofar as it doesn't represent the true value of the deal at all at current prices, nowhere near it in fact.

[babbler] 03/12/2019 08:41

Miton needs to clear.

[sea7] 03/12/2019 08:20

proactive view...

www.proactiveinvestors.co.uk/companies/news/908325/zenith-energy-strikes-deal-to-buy-coro-energys-italian-assets-908325.html

[babbler] 03/12/2019 08:06

6p per share?

[sea7] 03/12/2019 07:57

What coro have to say..

The Disposal follows confirmation by the Company, in its H1 2019 interim results published on 12 September 2019, that Coro was firmly committed to its South East Asian growth strategy and that the Coro Board had, at that time decided to prioritise the divestment of the Group's non-core Italian operations.



The initial £0.4 million consideration for the Disposal, payable by Zenith to the Group on Completion, will be settled through the issue of 6.7 million new Zenith Shares at an effective issue price of 6.0 pence per Zenith Share. Subject to the Italian Portfolio being disposed of achieving average daily production of 100,000 scm over a period of four successive months, a deferred consideration payment of £3.5 million will be made by Zenith to the Group through the issue of new Zenith Shares at an effective issue price equal to a 40% premium to the then prevailing Zenith share price at the time of issue.

[barnes4] 03/12/2019 07:27

Zen never excites me rather reminds me of CLP

[fatfish] 03/12/2019 07:25

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is delighted to announce that it has signed a share purchase agreement ("SPA") with AIM quoted Coro Energy Plc ("Coro") for the acquisition of Coro's entire natural gas production and exploration portfolio in Italy ("Acquisition").

More shares, I wonder what the market will think of this.
Obviously I don't think this is dilution as we have more assets.
What say all of you

[barnes4] 03/12/2019 07:24

Why isn’t anything exciting anymore

ROFL @ that

[wrtmf] 02/12/2019 12:04

still nothing on the old tweeter about c30 site [sorry, as above, as per ff post]

[fatfish] 02/12/2019 08:26

is this being orchestrated lower, selling at 2.15p

[fatfish] 02/12/2019 07:51

wtf are they doing, are they all on holiday, is bad weather stopping them moving and rigging

[fatfish] 02/12/2019 07:40

nothing on twitter, no RNS, news blackout

[wrtmf] 01/12/2019 09:51

gb
i think, IF... bloe have a good result at wr38z, they should consider taking over zen and put ac out to pasture. prob for bloe would be to disentangle a very complex financing, re-financing, 4 market [inc vienna?] vehicle. maybe more trouble than its worth.

[wrtmf] 30/11/2019 10:54

in mid-oct i thought this might fly from mid-dec on the back of c30, but spud looks to be a little while yet. in the meantime waiting for possible news at bloe and clon. exited rock with a month's salary profit, gotta be happy with that!

[grannyboy] 29/11/2019 15:48

You can't knock cattaneo for being consistent ... In share price devaluation!!..

The mans a clown..

[fatfish] 29/11/2019 15:45

great finish to the week with all time lows, WELL DONE AC.

[taxibabe] 29/11/2019 15:19

Zen is pants

[fatfish] 27/11/2019 16:20

There is always a placing here it's par for the course even if we are fully funded.

[njw2] 27/11/2019 15:30

Hi guys, what's the cash position like here? Price action looks like a placing incoming?

[pjml5337] 27/11/2019 15:29

As I said before it's shares you put the money in, ac did not force you to do it

[pjml5337] 27/11/2019 13:44

You invest he did not force you to