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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 Shares Traded Last Trade
  0.025 3.13% 0.825 2,869,983 12:50:10
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85 0.825 0.775 0.775
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5.01 0.04 0.18 4.5 15
Last Trade Time Trade Type Trade Size Trade Price Currency
15:28:15 O 13,157 0.85 GBX

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Posted at 28/1/2023 08:20 by Zenith Energy Daily Update
Zenith Energy Ltd. is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ZEN. The last closing price for Zenith Energy was 0.80p.
Zenith Energy Ltd. has a 4 week average price of 0.78p and a 12 week average price of 0.78p.
The 1 year high share price is 1.20p while the 1 year low share price is currently 0.73p.
There are currently 1,872,574,449 shares in issue and the average daily traded volume is 682,184 shares. The market capitalisation of Zenith Energy Ltd. is £15,448,739.20.
Posted at 04/1/2023 12:47 by themagicman
Interestingly, I was looking up reasons why OMV would sell such a significant asset for so little money and I discovered that they announced back in June 2022 that “The intended divestment is based on OMV's strategy of reducing the share of oil in the portfolio." hxxps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062922-omv-says-it-is-trying-to-sell-yemen-assets-as-part-of-oil-divestment

Their motive fits in exactly with something that AC has been saying for a long time now which is that many major oil companies are under pressure from shareholders to decarbonise their portfolios. He said this almost word for word back in the investor conference call in Feb 2022 when he mentioned

“the opportunities that come from majors and second-tier majors abandoning their overseas assets. The supermajors want to get away from any producing field that is not vital for their cashflow.”

He was also more specific when he said that:

“(Major) oil companies are generally leaving medium size countries and fields and are only focusing on huge fields (usually offshore) which deliver their cashflow. Getting rid of their smaller fields allows them to say that they are getting out of “bad” fossil fuels but it gives opportunities to companies like us. We can therefore do quick transactions with the majors and don’t have to go through governments, We are also an operator and are recognised as such by 5 countries and majors and ministers will not allow the purchase of these marginal fields by somebody who is not an operator.”

It looks like we have seized just such an opportunity in the acquisition of the Yemen asset. OMV have decided to “reduce the share of oil in the portfolio” and it has allowed Zenith to pick up a very significant producing asset on the cheap.

I think that the line AC mentioned about Zenith’s producer status is also very important in this transaction. It is no coincidence that the previously dormant Zenith Energy Netherlands B.V entity has been used as the acquisition vehicle for this transaction with Hingbo Industries Company Limited taking a 51% stake in this entity on 30th December 2022. It is clear that Hingbo bring money to the transaction but I think that it is unlikely that they would have entered the deal with a company that was not able to operate the asset. AC has always been very clear about the importance that he attaches to Zenith’s operatorship and it appears that he has been right.

I would also like to say a big hats-off to our CEO for setting out a strategy over a year ago to acquire large assets from major operators at discounted prices as they respond to pressure from the environmental lobby. For a long time it appeared that this was just a dream but with this acquisition it has proved that the strategy really does work and Zenith have now acquired a significant share in a major asset for a very low price.

Posted at 04/1/2023 12:42 by themagicman
Repost

Interestingly, I was looking up reasons why OMV would sell such a significant asset for so little money and I discovered that they announced back in June 2022 that “The intended divestment is based on OMV's strategy of reducing the share of oil in the portfolio." hxxps://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/062922-omv-says-it-is-trying-to-sell-yemen-assets-as-part-of-oil-divestment

Their motive fits in exactly with something that AC has been saying for a long time now which is that many major oil companies are under pressure from shareholders to decarbonise their portfolios. He said this almost word for word back in the investor conference call in Feb 2022 when he mentioned

“the opportunities that come from majors and second-tier majors abandoning their overseas assets. The supermajors want to get away from any producing field that is not vital for their cashflow.”

He was also more specific when he said that:

“(Major) oil companies are generally leaving medium size countries and fields and are only focusing on huge fields (usually offshore) which deliver their cashflow. Getting rid of their smaller fields allows them to say that they are getting out of “bad” fossil fuels but it gives opportunities to companies like us. We can therefore do quick transactions with the majors and don’t have to go through governments, We are also an operator and are recognised as such by 5 countries and majors and ministers will not allow the purchase of these marginal fields by somebody who is not an operator.”

It looks like we have seized just such an opportunity in the acquisition of the Yemen asset. OMV have decided to “reduce the share of oil in the portfolio” and it has allowed Zenith to pick up a very significant producing asset on the cheap.

I think that the line AC mentioned about Zenith’s producer status is also very important in this transaction. It is no coincidence that the previously dormant Zenith Energy Netherlands B.V entity has been used as the acquisition vehicle for this transaction with Hingbo Industries Company Limited taking a 51% stake in this entity on 30th December 2022. It is clear that Hingbo bring money to the transaction but I think that it is unlikely that they would have entered the deal with a company that was not able to operate the asset. AC has always been very clear about the importance that he attaches to Zenith’s operatorship and it appears that he has been right.

I would also like to say a big hats-off to our CEO for setting out a strategy over a year ago to acquire large assets from major operators at discounted prices as they respond to pressure from the environmental lobby. For a long time it appeared that this was just a dream but with this acquisition it has proved that the strategy really does work and Zenith have now acquired a significant share in a major asset for a very low price.

Posted at 02/1/2023 21:23 by muddy_40
Oh Dear..after 3 years from 0.75 to 0.8p. With dreams of 10p..oh dear

Ho ho ho Takeyourbets the Zen blogs clown

Takeyourbets

Posted in: ZEN

Posts: 2,310

Price: 0.75

No Opinion

FANTASTIC NEWS17 Apr 2020 08:58
https://www.investegate.co.uk/zenith-energy-ltd/zen/acquisition-of-tilapia-for--200-000/202004170730059593J/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Zenith%20Energy%20Ltd%20Alert

They were going to pay £1m is memory serves me correct

I am in as of today

Welcome zenithers


Takeyourbets

Posted in: ZEN

Posts: 2,310

Price: 0.80

Strong Buy

RE: Facts02 Jan 2023 21:14
Mls I brought first in 2019 at 0.45 and now it’s 0.8 so I’m up nearly 100% still. I did average down higher but still in significant profit. Had I listened to you and not brought in 2019 I wouldn’t have made anything :

Posted at 30/12/2022 12:28 by mls678
Share price 30th Dec 21 0.875pShare price 30th Dec 22 0.8pIgnore the noise and ramps. Instead look at the cold hard facts of Zen's share price performance over 2022Happy new year
Posted at 01/8/2022 08:48 by hedgehog 100
Mark,

Have you realised that your last twenty posts on ZEN here are all largely the same?

And in fact, this seems to be the general pattern going back hundreds of posts.


markstevenkirby80 - 01 Aug 2022 - 09:31:03 - 7505 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 25 Jul 2022 - 15:14:29 - 7495 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now :)
markstevenkirby80 - 15 Jul 2022 - 15:04:07 - 7488 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Oh dear come now
markstevenkirby80 - 04 Jul 2022 - 16:04:22 - 7482 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 28 Jun 2022 - 14:48:07 - 7471 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 23 Jun 2022 - 14:33:56 - 7459 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 22 Jun 2022 - 07:58:35 - 7456 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
:)
markstevenkirby80 - 20 Jun 2022 - 10:41:43 - 7454 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 15 Jun 2022 - 09:18:34 - 7443 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 10 Jun 2022 - 09:36:09 - 7433 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now

markstevenkirby80 - 09 Jun 2022 - 07:13:52 - 7428 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 08 Jun 2022 - 08:29:15 - 7425 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 01 Jun 2022 - 08:10:23 - 7399 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 24 May 2022 - 13:18:24 - 7384 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
:)
markstevenkirby80 - 24 May 2022 - 09:29:58 - 7381 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 22 May 2022 - 07:30:49 - 7379 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 18 May 2022 - 08:58:20 - 7358 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 15 May 2022 - 08:37:55 - 7337 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 04 May 2022 - 13:22:16 - 7294 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now
markstevenkirby80 - 27 Apr 2022 - 15:55:47 - 7280 of 7506 Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Come now

https://uk.advfn.com/forum/search?q=markstevenkirby80&post_poster=on&post_post=on&index=posts&thread_id=40693259&offset=10

Posted at 27/7/2022 17:20 by hedgehog 100
27/07/2022 16:41 UK Regulatory (RNS & others) Zenith Energy Ltd Payment of multi-currency bond coupon LSE:ZEN Zenith Energy Ltd.

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is pleased to announce that it has today made coupon payments, in full and on time, in respect of the following multi-currency Euro Medium Term Notes the Company has listed on the Vienna MTF of the Vienna Stock Exchange:

-- ZEEX 10.000 01/27/24 MTN XS2108546818 CHF
-- ZEEX 10.125 01/27/24 MTN XS2108546735 EUR
-- ZEEX 10.300 01/27/24 MTN XS2108546651 USD
-- ZEEX 10.375 01/27/24 MTN XS2108546578 GBP

Luca Benedetto, Chief Financial Officer, commented:

"Non-dilutive funding is an important area of focus for Zenith that we wish to develop further as we increase in size and the current oil, gas and electricity pricing climate attracts renewed investment in the energy industry.

"We are very pleased to have progressively become an established debt issuer, benefiting from two independent credit ratings and a now consistent record of financial compliance towards our fixed income investors."

https://uk.advfn.com/stock-market/london/zenith-energy-ZEN/share-news/Zenith-Energy-Ltd-Payment-of-multi-currency-bond-c/88687477

Posted at 14/6/2022 17:26 by hedgehog 100
Today and yesterday have seen a sea of red in the markets, with penny shares crashing en masse.

It's not easy to generate a good rise in these sort of conditions.

But the ZEN share price seems to have turned around recently from its short term downtrend, which could set a good basis for a bigger rise to come, on bigger news, in hopefully better stock market conditions.

Posted at 14/6/2022 14:16 by hedgehog 100
14/06/2022 13:14 UK Regulatory (RNS & others) Zenith Energy Ltd Update on Electricity Production LSE:ZEN Zenith Energy Ltd.

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to provide an update on its electricity production operations at the Torrente Cigno concession in Italy during the month of May 2022.

During the month of May 2022, the Company produced a total of approximately 875.6 megawatt hours ("MWh").

Electricity prices during the month of May 2022 averaged approximately EUR 223 per MWh, resulting in net revenues of approximately EUR 195,000. Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Luca Benedetto, Chief Financial Officer and Managing Director of Italian operations, commented:

"Zenith's Italian electricity production operations continue to deliver sustained, highly material profitability.

We have performed certain maintenance work during the month of May 2022 at Torrente Cigno, and have further work planned throughout this month, with a view to increasing our production during the second part of 2022.

Beyond Torrente Cigno, our Italian portfolio presents several exciting development opportunities, and we hope to deliver news on this front during the year once we receive the necessary approvals to develop our other natural gas production concessions."

Further Information:

Zenith Energy Ltd
Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Alice McLaren, Madeleine E: zenith@blytheray.com
Gordon-Foxwell
Alternative Resource Capital -
Broker Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
Alex Wood
Keith Dowsing

Notes to Editors :

Zenith Energy Ltd. is an international oil, gas, and electricity production company, listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE: ZENA).

Zenith's growth strategy is to successfully develop its existing portfolio of energy production assets in Italy and Africa, as well as to proactively identify and acquire any additional energy production and development opportunities in these regions.

https://uk.advfn.com/stock-market/london/zenith-energy-ZEN/share-news/Zenith-Energy-Ltd-Update-on-Electricity-Production/88360289

Posted at 16/5/2022 06:41 by monis
i think the ZEN share price will bounce now from these levels imo dyor.
Posted at 09/5/2022 15:02 by hedgehog 100
ZEN has multiple potential positive share price catalysts that could come soon.

At just 0.875p it is looking very undervalued, and could easily multibag when the expected Tilapia licence award lands.


17/03/2022 07:00 UK Regulatory (RNS & others) Zenith Energy Ltd Financing Update LSE:ZEN Zenith Energy Ltd.

" ... Andrea Cattaneo, Chief Executive Officer, commented:

" We are pleased to have concluded this finacing to further reinforce our working capital position at a time of great activity on a number of fronts for the Company, both in terms of asset development and potential near-term asset acquisition.

In view of Zenith's upcoming planned sale of oil production in Tunisia, as well as other potential share price catalysts, we shall seek to avoid dilution taking place by repaying the Drawdown by way of cash payments, as well as settling other outstanding loan facilities in such a way that Zenith can continue to maximise the benefits of the current energy pricing climate to significantly improve its balance sheet.

I look forward to reporting on our progress in due course." ..."

https://uk.advfn.com/stock-market/london/zenith-energy-ZEN/share-news/Zenith-Energy-Ltd-Financing-Update/87578005

Zenith Energy share price data is direct from the London Stock Exchange
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