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Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy Ltd. LSE:ZEN London Ordinary Share CA98936C1068 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.875 0.85 0.90 0.875 0.875 0.88 310,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5.0 0.0 0.2 4.7 16

Zenith Energy Share Discussion Threads

Showing 15751 to 15772 of 17375 messages
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DateSubjectAuthorDiscuss
08/9/2020
06:46
Nice to see the increase in Tunisia. 300bpd isn't a bad jump and possibility of more to come.
Good to see AC beginning to have some success in rebuilding the co after Azer flopped.

hTTps://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/acquisition-of-sidi-el-kilani-from-cnpc/202009080730042815Y/

Andrea Cattaneo, Chief Executive Officer, commented:

"We are delighted to have concluded this transaction with CNPCI.

The Board of Directors is highly satisfied with the favourable commercial terms agreed in relation to Tunisian Acquisition.

Upon Completion, the Company will have material daily production revenue and an exciting future in developing the Sidi El Kilani asset in partnership with Entreprise Tunisienne d'Activités Pétrolières (ETAP), the state oil company.

bad gateway
07/9/2020
11:31
Consent -

27/12/19 AAOG - "The SPA is conditional, amongst other things, on the passing of an ordinary resolution of shareholders in the Company in a General Meeting approving the Disposal and certain regulatory requirements in the Republic of the Congo including consent of the Minister of Hydrocarbons. "
https://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/disposal--capital-reorganisation-and-notice-of-gm/201912270700080322Y/

24th March 2020 AAOG - "Completion of the Disposal remains subject to Ministerial consent to change of control in the Republic of Congo."
https://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/amendment-to-consideration-payment---notice-of-gm/202003240700032966H/

17/4/2020 AAOG - "The delay to completion has been the wait for the Minister of Hydrocarbons in the Republic of Congo to consent to the change of control of AAOGC which has so far not been forthcoming and which is a condition to completion of the Disposal. Neither AAOG nor Zenith can say with any certainty when such consent will be forthcoming,"
https://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/proposed-amendment-to-consideration---notice-of-gm/202004170700059568J/

Also on the 17th April ZEN RNS where they instead bought the lot for a knock down £200k instead of the much higher previously agreed figure - "We are fully confident that the necessary regulatory approval process in the Republic of the Congo for the transfer of ownership, as well as negotiations for a 25-year renewal of the Tilapia licence, will conclude positively,"
https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/acquisition-of-tilapia-for--200-000/202004170730059593J/

5/5/20 Zen RNS Completed the Tilapia acquistion from AAOG but still no ministerial approval. - "Completion of Tilapia acquisition. Zenith is now working to conclude the necessary regulatory process in the Republic of the Congo to approve the transfer of ownership, as well as finalising negotiations for a new 25-year licence for Tilapia."
https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/completion-of-tilapia-acquisition/202005051120329742L/

zengas
07/9/2020
11:30
One thing that needs cleared up is AAOG Congo.

How does Zen think AAOG Congo past costs of $12.5m on Tilapia will be paid to Zen ?

If the' new' licence is going to be issued to a new susbsiduary ie Zenith Energy Congo ZA then surely all past costs are dead with the old licence term. How could AAOG Congo draw against past costs on a new licence when it won't be issued to AAOG Congo - it doesn't make sense. Likewise how will they recover the $5.3m ?

Why was there a need when chasing the same licence that a new subsiduary of Zenith had to be set up - it doesn't make sense - what's wrong with Zeniths AAOG Congo that it acquired ?

Again the letter posted by Africa Intelligence -" In a letter dated 4 June, the oil minister, Jean-Marc Thystère Tchicaya rejected Zenith's acquisition of AAOG Congo," - The word is rejected and a copy of the letter was included in the AEI story!

If AAOG Congo was rejected as a takeover by Zen for the licence, then this must exlain why they had to start from scratch by setting up a new subsiduary to apply for the Tilapia 2 licence otherwise why set up a new subsiduary ?

If so where does that leave Zen on AAOG Congo in claiming for $12.5m past costs and also the $5.3m that was sold for a knockdown £200,000.
The starting cost for the new licence was reported at an estimated at $5m - if Zen are relying on this coming from, and being paid in kind from past costs, how could it, when AAOG Congo is not the applicant for the licence and as reported was rejected by the oil minister.

If you don't believe the 'letter' showing the ministry hasn't agreed to the takeover - then find an RNS from ZEN that says the ministry has approved the takeover of AAOG Congo !!! There hasn't been one - yet they've set up a new subsiduary to pursue the licence that way. Imo it was a big gamble for £200k and why it was so cheap at £200k. Fact is there has been no announcement from Zen that the ministry has approved the takeover of AAOG Congo.

zengas
03/9/2020
07:03
AI article today 3/9/20

Oranto boss Arthur Eze makes guest star entry on Tilapia oilfield bid

The Nigerian junior oil firm Oranto Petroleum pulled strings with Muhammadu Buhari to get hold of Denis Sassou Nguesso in search of support for its candidature.
A flock of Nigerian junior oil firms have joined the few companies - the likes of local company Africa Oil and Gas Corp (AOGC) run by President Denis Sassou Nguesso's advisor Denis Gokana, and Kontinent Congo, have bid for the Tilapia oilfield licence that expired on 18 July (Africa Intelligence, 29/07/20). They have now been joined by a small newcomer with an extensive address book.

As we understand, the Nigerian Igbo billionaire Arthur Eze's companies Oranto Petroleum/Atlas Petroleum have expressed interest in wanting to take on the role of operator of Tilapia. The field, which produces 30 bpd, was previously operated by AAOG Congo. Eze enjoys a considerable advantage over his competitors. When at a meeting between the Nigerian head of state Muhammadu Buhari and Igbo leaders in early August, Eze asked the president if he could put in a good word from him with President Nguesso. It is understood that Eze has since spoken with Nguesso and the two discussed the Tilapia oilfield.
To keep track of the bidding, Eze has called on his usual advisors, Kapo Simonian from Simco Petroleum Management and Oranto managing director, Philip Slater. Official the Congo's national oil company Société Nationale des Pétroles du Congo took over the field after the minister of hydrocarbons Jean-Marc Thystère Tchicaya refused to accept AAOC Congo's sale of the asset to Zenith Energy in a letter dated 4 June (Africa Intelligence, 17/08/20).

zengas
31/8/2020
12:56
Any idea when we no the results of Congo
pjml5337
27/8/2020
13:05
And here's me thinking you had a few million the amount of time you spend on this thread. Lol
garymegson
27/8/2020
12:55
On massive volume also!!!..54,152 shares traded so far today.

I am holding more at about 70K... lol

muddy_40
27/8/2020
11:35
Breakout!!!
Putting it down to an excess of bullishness on advfn.


free stock charts from uk.advfn.com

bad gateway
26/8/2020
10:19
😱😵😝
grannyboy
26/8/2020
10:16
Funding / if they get the license: 2 billion shares/ average below 2 / ?
muddyfox0151
26/8/2020
10:06
of course he could be very rich man with Zen equity if he could pull the rabbit out the hat. but only one thing he seems to be pulling..lol

that is why it would benefit him more to take back seat and get a real oilman to run the show. But where is the money coming from? needs at least 20 million to get any project going.

muddy_40
26/8/2020
10:04
Also Ac / co / trade this ????????
muddyfox0151
26/8/2020
10:00
Ac got 50 million shares : worth 270k , it's peanuts compared to us salary ! All free shares
muddyfox0151
26/8/2020
09:57
So since you no know I have some shares I have every right to comment on Zen. I think I actually bought them about the 8 to 9p range.

what a dog..

muddy_40
26/8/2020
09:55
worth £305 now..lol..will need a miracle for this to rebound.

Want to see last years full results to see how much the master paid himself in bonus last year..2018 was about $1.8 mil someone worked out between salary and bonus payments I think..

But I don't call this an investment..Investments are when you are going to make gains..only one guy gained from this POS..

muddy_40
26/8/2020
09:50
Good we cleared the issue you still are invested!
muddyfox0151
26/8/2020
09:47
At least you still got your 70,000 shares , on a miracle rebound !
muddyfox0151
26/8/2020
09:32
Must be a placing coming..AC trying to pump her up..do they have any revenue now since they got rid of Azerbaijan?

What a dog.lol

muddy_40
26/8/2020
09:18
Is that the best RNS AC can come up with, did we need to know??
fatfish
26/8/2020
08:36
Investment 1p to 300 pounds is a investment , doesn't matter what you put in ! Warren buffet ! Guess he's not invested here tho
muddyfox0151
26/8/2020
08:33
We all know that muddy don't be so sensitive, we all know AC attributes/ was just making a point ! Not here for confrontation.
muddyfox0151
26/8/2020
06:00
Muddy 40 you quoted , you not invested anymore, 8/8/20 on twitter chat group ! Now you saying you have 70,000 shares ! And you call AC for not being truthful. Lol
muddyfox0151
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