Zenith Energy Share Discussion Threads

[muddy_40] 27/6/2023 10:44

Oh dear...

[the patriotic irishman] 27/6/2023 10:02

oh dear 😲


27-Jun-23 09:47:45 0.28 4,574,262 Sell 0.30 0.35 £12,808 O



3p in a heartbeat eh 🤯


yeah BUT


ONLY AFTER the AGM approved 10:1 share consolidation 😉




I did say way back then in the 1's


should have bought 🥕🥕🥕 instead 🤣 🤣 🤣

[the patriotic irishman] 23/6/2023 17:11

Farrugia you can find the consolidation details on the Zenith website and/or via RNS

but in short, YES


RNS Number: 6392S
Date: 10 March 2023
Subject: AGM Notice

The Company is pleased to confirm that its Annual General Meeting and Special Meeting ("AGM") will be held on Friday, April 14, 2023, at 12:00 pm (MST).

Among the resolutions presented at the Annual General Meeting will be a change in the number of issued and outstanding common shares ("Common Shares") of the Company by consolidating such issued and outstanding Common Shares on the basis of one (1) post-consolidation Common Share for each 10 existing Common Shares (the "Consolidation"). The Company will issue a separate regulatory news announcement with key information regarding the Consolidation as soon as the relevant dates have been fixed.



RNS Number: 3984W
Date: 17 April 2023
Subject: AGM Results

Zenith Energy Ltd. is pleased to announce that all the resolutions presented at the Annual General Meeting ("AGM") held last Friday (April 14, 2023) at 12:00pm (MST) have been passed.




TYB aka advfn's Tragic Man promised everyone the share price would be '3p in a heartbeat' when it was trading at circa 1.4p and I would now (albeit can't say I did at the time) wholeheartedly have to agree with the Italian Stallions most fervent of all his subservient servants


but only


ONCE CONSOLIDATED 🤣 🤣 🤣

[farrugia] 23/6/2023 05:38

has a share consolidation been approved here?

[muddy_40] 22/6/2023 22:30

Still waiting for a MGS post to tell us how this is a masterplan.....

,🐶🐶🙈🙈
29313;🤡365;🥕㊈5;

Oh🦌

[the patriotic irishman] 22/6/2023 21:40

well .40 flat was a tough nut to crack but there she blows 👀


.31 on the bid 😲


3p in a heartbeat eh 🤯


BUT


ONLY AFTER the AGM approved 10:1 share consolidation 😉



oh dear 🤣 🤣 🤣

[farrugia] 22/6/2023 19:44

has share dilution killed this?

[muddy_40] 22/6/2023 19:42

Oh dear 🤯

[farrugia] 22/6/2023 18:40

what happened here - why is this down so much?

[muddy_40] 17/6/2023 20:19

Sounds like a great place for business 😃😃


South Sudan battles to secure critical oilfield equipment and supplies amid conflict
Oil production unaffected, but worries over future see Juba clinch deal to import material via Djibouti

16 June 2023 12:12 GMT UPDATED 16 June 2023 12:48 GMT
By Iain Esau in London
South Sudan is struggling to maintain its oil exports because civil war in Sudan is causing problems securing equipment and materials critical to the efficient running of its upstream operations, according to Minister of Petroleum Puot Kang.

East Africa’s only oil producer, South Sudan sends its

[muddy_40] 16/6/2023 20:48

Carrot seller. Where has MGS gone🤠

[zengas] 16/6/2023 15:32

Wasn't sure at first, but A C gets around. This weeks South Sudan Energy conference Wed 14th - ending today friday 16th June 2023.

[the patriotic irishman] 16/6/2023 09:29

run rabbit, run rabbit, run, run, run 😲


15-Jun-23 16:27:30 0.40 1,000,000 Sell 0.40 0.45 4,000 O

15-Jun-23 16:27:52 0.41 2,000,000 Sell 0.40 0.45 8,200 O



3p in a heartbeat eh TYB 🤔


yeah BUT


only AFTER the AGM approved 10:1 consolidation AND just BEFORE the whip round 🤡



oh dear 🤣 🤣 🤣

[the patriotic irishman] 14/6/2023 20:26

somebody appears keen to get out BEFORE the approved consolidation AND whip round 😲


07-Jun-23 09:59:34 0.4000 2,500,000 Sell 0.40 0.45 10,000 O

08-Jun-23 13:54:41 0.4225 500,000 Sell 0.40 0.45 2,113 O
08-Jun-23 11:57:29 0.4250 500,000 Sell 0.40 0.45 2,125 O
08-Jun-23 11:52:16 0.4250 300,000 Sell 0.40 0.45 1,275 O

09-Jun-23 16:27:37 0.4000 2,500,000 Sell 0.40 0.45 10,000 O
09-Jun-23 16:41:40 0.4000 1,000,000 Sell 0.40 0.45 4,000 O
09-Jun-23 13:50:20 0.4220 2,000,000 Sell 0.40 0.45 8,440 O
09-Jun-23 13:22:41 0.4220 500,000 Sell 0.40 0.45 2,110 O
09-Jun-23 13:17:33 0.4220 1,000,000 Sell 0.40 0.45 4,220 O

13-Jun-23 08:40:53 0.4080 2,000,000 Sell 0.40 0.45 8,160 O

14-Jun-23 14:46:50 0.4010 750,000 Sell 0.40 0.45 3,008 O
14-Jun-23 11:17:27 0.4010 716,830 Sell 0.40 0.45 2,874 O
14-Jun-23 10:38:28 0.4020 1,100,000 Sell 0.40 0.45 4,422 O
14-Jun-23 08:52:27 0.4000 2,000,000 Sell 0.40 0.45 8,000 O
14-Jun-23 08:51:34 0.4060 3,000,000 Sell 0.40 0.45 12,180 O



that Italian Stallion better hope its not his loyal band of pied pipers as can you imagine what the share price might be without them 😉


3p in a heartbeat eh 🤔


yeah BUT


only AFTER the AGM approved 10:1 consolidation AND just BEFORE the whip round 🤡



oh dear 🤣 🤣 🤣

[muddy_40] 14/6/2023 20:04

Where is MGS..left TYB to face Zengas...bit of a mismatch in intelligence there..lol

[muddy_40] 14/6/2023 19:57

Oh dear..is that an all time low

[zengas] 12/6/2023 12:59

For now, does anyone know what the cash situation was like up to the fundraise and monthly burn rate.

Curiously the documents for 2022/23 aren't available on Sedar for some reason - last document showing now as Jul 2021 - States Ceased Reporting.

On the 28/2/23 they announced the £2.3m funding

"The proceeds of the Financings will be used to provide additional funding for the following:

· Negotiation and planned finalisation of a Production Sharing Contract for Block 1, Sèmè oilfield in Benin

· Technical and managerial appointments in view of planned operations in Yemen

· Additional funding for the development of Zenith's Tunisian oil and Italian natural gas production portfolio

· Business development activities in Africa and the Middle East

· General working capital."

Now 3 months on and production is 20-25 bopd with 8,000 produced bls in stock. How long has it been running at this daily low ? How many days does the 8,000 bls relate to which would give an indication of daily production since last lift. ?

For now they can't sell anything unless the dispute is resolved. So no spare cash coming in to divert elsewhere imo.

Electricity production prices have dropped significantly month on month from their high. They gave Jan & Feb figures resulting in combined revenue of 313k Euros less fixed costs of 70k euros. I see nothing announced for March, April or May whereas last year they were announcing it monthly almost in H2.

Could be wrong but i don't see Benin coming to fruition given their strategy for going into the USA. They say they agreed to invest approximately $2m (£1.6m) in the US so to me it looks like the cash they raised for Africa. Benin was going to be a few K bopd so why waste going into the US if it was anyway close to completion eating up that kind of cash. The tone changed on 2/6/23 RNS talking about "bureaucratic delays and other detrimental impediments elsewhere"

What price are oil grades for Oklahoma, Calfornia and Texas ? (see oilprice.com) .

One thing i'm wary of is that they'll pay a first incentive if 75 bopd is reached so the question is where exactly on the actual bopd starting block are they. What's the rate per well etc ? There's scores of divestment opportunities in the trade mags and agency vendors and plenty of these bunging out a half - 1 bopd per day. For $1.6m i can't see that being able to buy much in the way of reserves or production even using $5-$10/b or a flowing bl metric.

Basically back to square 1 as of 2007/8.

[muddy_40] 07/6/2023 08:23

Way to go..better than drilling for oil as the have shown not a clue about that.let's set up deals and then no win no fee and claim 🥕🥕🥕🥕9365; 🥕🥕🥕🥕9365;🥕Ԁ54;🐶🐶;🐶

CLAIMING $48 MILLION AGAINST TUNISIAToday 09:13
A minimum of $48m on a possible no win no fee basis can't be bad. Plus $9m from SMP, plus $5.3m from SMPC, all looking good. Then we have the Oklahoma deal and nine other US deals in the pipeline with Benin and Yemen on the back burner. We may also get to hear why it's taken the Tunisian Ministry three years to approve the Sidi El Kilani, KUFPEC deal. Multiple Millions to claim back on this deal alone.

[pugugly] 07/6/2023 06:35

Banana skins everywhere - No fee litigation -

[the patriotic irishman] 07/6/2023 06:08

whoops BANG GOES another one 👀





🥕🥕🥕🥕9365;🥕(Azerbaijan, Nigeria, Congo, Tunisia, Benin, Yemen)

became

🥕🥕🥕🥕9365; (Nigeria, Congo, Tunisia, Benin, Yemen)

became

🥕🥕🥕🥕 (Congo, Tunisia, Benin, Yemen)

became

🥕🥕🥕 (Tunisia, Benin, Yemen)

became

🥕🥕 (Benin, Yemen)

which may yet become

🥕 (Yemen)


but hey its not all bad news


they now have the MIGHTY US of A and the share price is going to fly to 3p soon 🥳


AFTER the planned 10/1 consolidation 😉


OH DEAR 🤣 🤣 🤣