Zenith Energy Share Discussion Threads

[1in2deep] 20/8/2020 05:36

To get on the call send an email to: [e-mail] registering your interest and request dial-in number etc

[andy] 20/8/2020 00:00

pretax


When is the conference call please?

Can anyone access it? And if so, can you please provide the required details?

[pretax2] 19/8/2020 23:29

I’m preparing myself for a ‘pea-soup̵7; smoke and mirror experience tomorrow morning from AC.
GLA - we need it.

[pretax2] 17/8/2020 18:19

Watch to see if the conference call goes ahead. If cancelled I’ll be out of this like a badger with its ar$e on fire.

[andy] 17/8/2020 14:17

I'd go for the latter personally, but who knows AC may break the habit of a lifetime?

[muddyfox0151] 17/8/2020 14:09

https://t.co/9o55iwfhp5. Read this up stream article AC ?

[bad gateway] 17/8/2020 09:41

Fair enough zenith.
Investor conference in a couple of days maybe they'll clear a bit of this up. Til then not a buyer or seller personally.

[zengas] 17/8/2020 09:11

bg i only passed the subscription article on for anyones info that wants to see it.

ZEN said they had a PCA to operate it on the 20/7 but in the space of 3 weeks they just say they themselves returned operatorship to the government but they don't disclose when operating or the PCA ended.

On the 20/7/20 there was an RNS saying 'Anglo African Oil & Gas Congo S.A.U ("AAOG Congo"), continues to operate the Tilapia oilfield on an interim basis following the implementation of a "Plan for the Continuation of Activities" ("PCA") agreed with the national oil authorities.'

Then on 10/8/20 they said by RNS they had returned operatorship to the government.

A bit confusing that the so called PCA didn't last long given the article says that from the 18th July ZEN had no access to the site.

The article could suggest the ministry views ZEN as not having the financial capability. Maybe that can be countered by Zen saying we have a letter of intent for financing at 2.5p though and a chicken and egg situation has arisen. Maybe one party wants to see sufficient finace while the other wants to see the licence as being in the bag before coughing up funds at 2.5p ? All against the back drop of other potential offers from those named in the article.

Last week they said the ministry requested them to set up a new subsiduary for the purpose of receiving the licence "Zenith Congo has been established at the request of the Ministry of Hydrocarbons for the purpose of receiving a new 25-year licence following the submission of a comprehensive commercial and technical offer".

The article refers to Zens subsiduary AAOG Congo - not Zenith Congo which has now been set up.

[pjml5337] 17/8/2020 08:57

Cannot sell even if you wanted to , staying put

[pretax2] 17/8/2020 08:48

Well that’s formidable competition. The be honest (and it pains me) I’d put ZEN towards the bottom of that list.

[bad gateway] 17/8/2020 08:39

Haven't dismissed the fact zen can screw up anything but congo was in a state of emergency still on 18th july. why should zen have had access then?
Note it doesn't state snpc had "access" either just its "under the responsibility of"

from your same source..

"Some schoolchildren and students returned to school on Monday in the Democratic Republic of the Congo, after the end of the COVID 19-related state of emergency.

The conclusion of the emergency period was announced on July 21 and the partial resumption of classes was then scheduled for Monday August 10, in an attempt to complete the 2019-2020 school year.

The restart of the school year only applies to children in the last years of primary and secondary school, as well as students in the fifth year at the university."

The choosing of july 18 as a date point begins too look a bit sus imo.

[purple11] 17/8/2020 07:50

oops!a little wind squeezes out....

[zengas] 17/8/2020 07:46

bg you could always subscribe instaed of shooting the messenger. They report the news as they understand it.

They say 'Since 18 July, Zenith Energy has not had access to the production site, which is now under the responsibility of SONAREP, the production subsidiary of Société Nationale des Pétroles du Congo (SNPC) run by Cyriaque Etroubeka.'

On the 20/7/20 there was an RNS saying 'Anglo African Oil & Gas Congo S.A.U ("AAOG Congo"), continues to operate the Tilapia oilfield on an interim basis following the implementation of a "Plan for the Continuation of Activities" ("PCA") agreed with the national oil authorities.'

Then on 10/8/20 they said by RNS they had returned operatorship to the government.

[garymegson] 13/8/2020 16:17

It's due to the placing shares dropping his percentage.

[fatfish] 13/8/2020 15:29

I see a major fund/share holder off loading, who can blame him, I wouldn't like to be holding that many. wouldn't invest with that company if ZEN is who they invest in.

Actually if he is shorting he's probably made a fortune now there's a thought

[andy] 13/8/2020 12:12

sahina,


Why not ring your broker and ask them?

There was a buy at around 11.50 am so there is a recent trade there, maybe your limit is too tight?

[sahina123] 13/8/2020 10:28

Can not place any trade online.on halifax share dealing for zenith.anyone knows why?

[pretax2] 11/8/2020 20:52

Hitting upside resistance. A bearish signal sadly.

[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!