Zenith Energy Share Discussion Threads

[sea7] 25/12/2019 08:23

First Acquisition in Africa

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 conditional share purchase agreement ("SPA") with AIM quoted Anglo African Oil & Gas plc ("AAOG") for the acquisition of an 80 percent interest in AAOG’s fully owned subsidiary in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U (“AAOG Congo”) (“Acquisition”).

[barnes4] 24/12/2019 19:34

Rofl CLP in disguise

[fatfish] 24/12/2019 18:32

Well done A.C., lovely Christmas present, another all time low. Cheers.

[andy] 23/12/2019 22:52

sea7,


Yes this Republic of Congo place seems like all sweetness and light:

[magtalo] 23/12/2019 21:03

Phew 🤣😂🤣😂

[sea7] 23/12/2019 20:55

Out of the two congo's - at least tilapia is in the better one. The DRC is far worse than the republic of congo.

[sea7] 23/12/2019 20:41

distressed company - aaog are on the verge of folding - it is an asset that he can pick up for nothing.

[magtalo] 23/12/2019 20:35

Sea7....what's your thoughts?? Why on earth will he go to the Congo?

[magtalo] 23/12/2019 20:34

AC could not find a more corrupt and lawless place to invest where the outcome is gonna be fruitless as usual.

[magtalo] 23/12/2019 19:14

AC...in the name of God, stay away from Congo. Unless a new Zenith subsidiary selling weapons to local tribes is your next business plan.

[andy] 23/12/2019 18:21

granny,


It's the Canadian model, hype a story, and when it doesn't work out, announce a new acquisition, and then focus on that, and a let the original story fade out of mind.


Friedland did it well before he got lucky at Voisey's Bay........

[grannyboy] 23/12/2019 18:18

ZEN have form when it comes to them using an asset buy to take heat away from another well failure, if they had any decency and concern for shareholders, if C37 had been a success, they should have given an update on confirmed flow rates by now, and the C30 well would and should have been spudded and drilling away by now.

They are shameless..

[magtalo] 23/12/2019 18:17

As I've said before c37 is vital...cos after the installation of the bridge on c37 if the production is not resumed to 250bopd then c30 will also be a waste of time..

[andy] 23/12/2019 16:49

Well,


Italy, Argentina, Libya, Azerbaijan, Indonesia, so you just knew the Congo had to come along sooner or later!

[stockport loser] 23/12/2019 16:44

It's a definite Ponzi scam, avoid at all costs.

[thegreatgeraldo] 23/12/2019 16:32

They should merge --- AAZENOG.... they've both turned out to be completely inept outfits run by a bunch of muppets

[magtalo] 23/12/2019 16:22

Sarge ... seems to be thinking down my path now...AC is an out and out con merchant .... azer is dead and buried..the latest raise of money is just more tricks

[magtalo] 23/12/2019 16:12

I'm once again blocked from lse...someone is going through the effort of reporting me.. I believe its zenith in person.
Fact is Zenith have so far diluted the share and in return given f all to share holder...this will be a replacement con vehicle once socar tear up the agreement which zen cant handle.

[sea7] 23/12/2019 15:18

from AAOG rns....

In the meantime, the Company is managing its creditor position and has sufficient capital to allow it to continue as a going concern until at least the beginning of February assuming receipt of the £150,000 owed by Anglo Tunisian Oil & Gas Limited (of which £50,000 is to be paid to the Company today with the remainder due to be paid by the end of this month) and no unforeseen claims.

[sea7] 23/12/2019 15:17

word is that AAOG will run out of cash by mid jan/feb and be finished - AC is circling like a vulture here - trying to cherry pick the carcass.