Zenith Energy Share Discussion Threads

[bad gateway] 11/8/2020 13:27

Good point grannyboy, They've got to close some of these deals and allow the consortium to put a member on the board so not a slam dunk at all.
"If" they do close them just hope the member has some good oil skills zen'll need them!

[grannyboy] 11/8/2020 13:20

Going by the posts on lse, giving the impression that the investment of $2mill, ie shares purchased at 2.5p by an Arab consortium is nailed on... IT IS NOT, but is reliant on a number of deals happening and completing .. There is a possibility that the negotiations on Talapia could take months!!

So this Arab consortium investment could come to naught.

[bad gateway] 11/8/2020 13:14

The piece was released on the 6th andy just taken a while for peeps to find it.

Can see why you come across as so stroppy aaogplc. AC really did a no. on you getting the congo so cheap..

"Cattaneo saw Anglo African Oil & Gas (AAOG) was having problems and needed to unload the under-performing Tilapia field on the Congo-Brazzaville coast.

“We pushed a deal last Christmas to acquire 80% of AAOG Congo for a couple of million dollars — and then the Covid 19 crisis broke, enabling us to pick up 100% for $200,000” he says."

[aaogplc] 11/8/2020 13:03

You are one of the few!!!!

[andy] 11/8/2020 13:01

aa,


I wasn't, it's a convenient time for that to be released, so I guessed as much.

[aaogplc] 11/8/2020 12:57

This is a scripted press release from Zenith, not an independent interview. Do not be fooled.

[bad gateway] 11/8/2020 12:20

upstream have done an article on AC that's quite positive, listing some of the plans going forward. At the risk of goading the bears future looks a little brighter than the past.

[garymegson] 11/8/2020 11:59

Looks like TW has failed. Is he about to produce a new article that is pro Zenith?

[aaogplc] 10/8/2020 21:15

Lots of rhetoric gossip. very short on actual facts.

[ruedolf] 10/8/2020 21:06

the clowns was the aaog management spending 25 m on a drill with no gaurantees that the license will be renewed.

The congo government must be laughing their socks off getting aaog to drill a well to test the deeps and then reclaim the licence when it expires more likely award the field to one of their own or auction off to the highest bidder.at least ac had the street smarts not to spend a dime on the field while they had control for a few months until license renewed , pity aaog couldn't do the same.

Was ac foolish to bid 200k for the field from aaog ...i don't think so ..ac is pulling out all the stops to rescue something from the aaog mess .Setting up the manufacturing plant for the ppe in the congo was a stroke of genius putting pressure on the congo government to award something to zen for the sake of jobs in congo who knows what dipolmacy ac is pulling behind the sceens .

the downside is zen will loose 200k plus alot of ac time but plenty of potential upside for one he has a good chance of getting some if not all the 5 plus million owed ...secondly zen is still in with a reasonable chance of getting awarded the license probably less than a 50:50 chance... if they don't get tilapia they could get a second field in consolation... plenty of horse trading to be done yet and no better man than ac to do a deal.

so who's to blame for the tilapia mess i'd say 50% aaog management for being so gullible but I also lay alot of the blame 50% on the congo government for misleading aaog managment with false promises of license renewal ... i suppose from a zen point of view .. is it worth doing any business in congo when the government treated aaog so shoddy.

[aaogplc] 10/8/2020 19:51

Another clown who knows nothing

[ruedolf] 10/8/2020 19:28

It says more about the management in aaog than zenith spending 25m on a drill and the lisence running out of time no money should have being spent until licensed renewed.

[grannyboy] 10/8/2020 18:20

"Paranoia is a terrible affliction!!!???"

Hahaha, yes it's certainly getting to a few of the believers ..

[grannyboy] 10/8/2020 18:15

Andy yes they sent me a warning and have deleted a few some going back to march .. It does'nt detract from the fact how badly this company is run .. And there's more then one way to skin a cat!!

[aaogplc] 10/8/2020 18:15

Paranoia is a terrible affliction!!!???

[frost1] 10/8/2020 18:14

Looks like granny and aaogpic are the same person. Disgraceful.

[andy] 10/8/2020 17:56

granny,


Well if they were your recent posts, I can't see anything wrong with them personally.


Did they send you a warning or have they deleted some?

[aaogplc] 10/8/2020 17:31

I expect it is because they can't stand hard reality.

[bad gateway] 10/8/2020 15:25

Agreed but what you going to do? You can either report them and give the regulators a giggle or use the fact they got 3 private placements away during covid times at no discount from wealthy in the know investors to help with your own trading decisions.
Know what I did but with the caveat no more than I can comfortably afford to lose.

[andy] 10/8/2020 15:17

bad gateway10 Aug '20 - 14:33 - 5972 of 5974



"They were all private placements Andy so relatively unregulated "


Really? so you're saying that shares issued in a private placement are "unregulated"?


"and likely the investors were well in the know on the current situation".

So you're saying the company may have informed the investors participating in the private placements, whilst not informing the market?


That doesn't seem like a level playing field to me...........

[bad gateway] 10/8/2020 15:03

Well that rules out RBD then granny.lol

[grannyboy] 10/8/2020 15:01

bad gateway and the other cattaneo apologist are in denial, it's even in this mornings rns stated by the spiel meister himself that the licence has been returned to SNPC.. So it's blatantly obvious that they could lose the licence to a company more competent to run it ..

[bad gateway] 10/8/2020 14:33

They were all private placements Andy so relatively unregulated and likely the investors were well in the know on the current situation.
Don't believe they would have had three bites at the cherry if they didn't like the taste..



What Is a Private Placement?

A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a company seeking to raise capital for expansion.

Investors invited to participate in private placement programs include wealthy individual investors, banks and other financial institutions, mutual funds, insurance companies, and pension funds.

One advantage of a private placement is its relatively few regulatory requirements.1