Zenith Energy Share Discussion Threads

[honestmarty] 15/3/2021 19:38

I know they say this field is onshore, but I get a distinctly fishy smell off this RNS.

Why are the Canadians selling over a million dollars worth of oil in storage for 250k?

[muddyfox0151] 15/3/2021 10:23

Let's get the shark now ! Congo

[carrotrunner] 15/3/2021 10:09

Finally we caught a Tuna...which produces oil.Updated CPR will be helpful , plus the oil in storage, is that really ours with oil price going up..

[markstevenkirby80] 15/3/2021 09:45

Can now let's do this

[garymegson] 15/3/2021 09:33

,0000.130.149100,0000.1290.15126,8000.1280.159100,0000.12750.16890,0000.1270.172,312,7874,460,88016Total21Updated 15/03/2021 - 10:17HelpDownloadHISTORICAL PERFORMANCE1W1MYTD52WHighest0.1650.1650.1840.199Lowest0.1280.1250.110.03%24.5216.912.2082.58Updated 15/03/2021 10:32 CETMore DetailsDownloadREGULATED NEWSSee All15/03/2021Acquisition of oil production and development asset in Tunisia11/03/2021Financial calendar09/03/2021Major Shareholding Notifications03/03/2021Major Shareholding Notification24/02/2021Credit Line Agreement & Debt SettlementINTRADAY PRICE15/03/2021TIMEPRICESHARES10:32:340.162589,69210:32:340.162110,30810:32:300.16339,69210:32:300.1631,00010:32:300.16359,308Updated 15/03/2021 10:32 CETMore DetailsHISTORICAL PRICESkip to main contentDATEOPENCLOSE12/03/20210.13350.13211/03/20210.1350.131510/03/20210.1390.133509/03/20210.1310.13508/03/20210.13450.135Updated 15/03/2021 10:30 CETHelpMore DetailsDownloadFooter Small Print Menu© 2021 Euronext Privacy Statement Terms of UsePRESS RELEASEAcquisition of oil production and development asset in TunisiaSUBSCRIBE15 MAR 2021 10:29 CETCOMPANY NAMEZENITH ENERGYISNCA98936C1068MARKETEuronext GrowthSYMBOLZENAThe information included in this announcement is defined as inside informationpursuant to MAR article 7, and is publicly disclosed in accordance with MARarticle 17 and section 5 -12 of the Norwegian Securities Trading Act. Theannouncement is made by the contact person.March 15, 2021ZENITH ENERGY LTD.("Zenith" or the "Company")Acquisition of oil production and development asset in TunisiaZenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listedinternational oil & gas production company focused on pursuing Africandevelopment opportunities, is delighted to announce that Zenith Energy AfricaLimited ("ZEAL"), its newly incorporated fully owned subsidiary, has enteredinto a share purchase agreement ("SPA") with Candax Energy Limited ("Candax")for the acquisition of a 100 percent interest in Candax's fully owned subsidiaryin Barbados, Ecumed Petroleum Zarzis Ltd ("EPZ") (the "Acquisition"), whichholds a 45% interest in the Ezzaouia Concession ("Ezzaouia").Terms of the AcquisitionPursuant to the terms of the SPA, ZEAL has agreed to acquire 100% of the issuedshare capital of EPZ for the aggregate amount of US$150,000 payable atcompletion, as well an additional US$100,000 to be satisfied by the issue ofordinary shares in the share capital of Zenith to be issued within sixty days ofcompletion ("Consideration Shares") and a royalty payable and calculated asUS$0.35 per each barrel of hydrocarbons produced from the Ezzaouia oilfield andallocable to EPZ, with the royalty not being less than an amount of US$50,000per annum for a period of ten years.Acquisition Highlights• Ezzaouia is located in onshore Tunisia on the Zarzis peninsula, south of theisland of Djerba in the southern Gulf of Gabes.• First discovered by Marathon Petroleum Corporation in 1986, with productionactivities starting in 1990 with a peak production being achieved of 35,000barrels of oil per day in 1991.• Ezzaouia produces an average of 40 API gravity oil from the Zebbag (LowerCretaceous) and Mrabatine (Upper Jurassic) formations.• It is operated by MARETAP, a joint operating company owned in partnership withthe national oil company of Tunisia, ETAP (Entreprise Tunisienne d'ActivitésPétrolières) on a 50:50 basis, which holds a 55 percent interest in Ezzaouia.• Currently produces at a rate of approximately of 465 bopd (approximately 210bopd net to Zenith).• Approximately 25,000 barrels of oil are currently held in storage with acommercial value of approximately US$1,250,000.

[garymegson] 15/3/2021 08:51

Mr Daniel Levi (Sinner)@BrokermanDaniel#ZEN new producing asset is in Tunisia 500+bopdhttps://twitter.com/BrokermanDaniel/status/1371380373897240579

[carrotrunner] 15/3/2021 08:35

Cannot buy any @ 1.20p at moment, is Tuna coming later this week...

[markstevenkirby80] 11/3/2021 09:22

For sure it will

[carrotrunner] 11/3/2021 09:17

If a Tunisian deal is announced next week, this could motor upwards..

[markstevenkirby80] 11/3/2021 09:14

Now time for a big gamble , get your skates on,

[markstevenkirby80] 10/3/2021 12:31

This will be 10p at the blink of an eye

[4053777] 10/3/2021 11:14

Rumours AC signed deal Tunisia. Watch this space ?

[markstevenkirby80] 09/3/2021 18:22

Come on we need smashing need

[s_murray] 03/3/2021 14:36

I think you will find it is about 0.25% of MC, about 1.2 billion shares in issue between Norway and UK

[tinker10] 03/3/2021 14:30

1% of the market cap

[grannyboy] 03/3/2021 13:08

You do realise how much 3000000 shares cost?

[aberloon2] 03/3/2021 13:02

Norwegians upping their stake...

[carrotrunner] 01/3/2021 10:10

3,000,000 delayed BUY....

[ravin146] 27/2/2021 23:44

Imo zenith is at an inflection point now, and AC is about get this back on track to as a multibagger

Well done to holders, more news to come thesw coming weeks months and year ahead, which will get this to new highs!

Gla imo

[bad gateway] 18/2/2021 12:44

This co. has so many haters. Glad they're suing, more money in the pot.

[markstevenkirby80] 16/2/2021 15:15

Come now waiting