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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
  0.075 8.11% 1.00 3,203,571 12:42:29
Bid Price Offer Price High Price Low Price Open Price
0.95 1.05 1.025 0.925 0.925
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.41 6.70 -82.99 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:26 O 17,071 1.035 GBX

Zenith Energy (ZEN) Latest News (1)

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Zenith Energy Investors    Zenith Energy Takeover Rumours

Zenith Energy (ZEN) Discussions and Chat

Zenith Energy (ZEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:29:261.0417,071176.68O
14:23:140.9695,962925.65O
14:15:321.04125,1201,295.62O
13:46:580.96120,0001,157.52O
13:02:551.0427,933290.50O
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Zenith Energy (ZEN) Top Chat Posts

DateSubject
23/7/2021
09:20
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 0.93p.
Zenith Energy Ltd. has a 4 week average price of 0.83p and a 12 week average price of 0.83p.
The 1 year high share price is 1.48p while the 1 year low share price is currently 0.30p.
There are currently 313,400,824 shares in issue and the average daily traded volume is 1,809,199 shares. The market capitalisation of Zenith Energy Ltd. is £3,134,008.24.
23/7/2021
12:14
gregpeck7: Keeping Tunisia sweet and on fire in Oslo. The 1p share bargains won't last much longer.
17/7/2021
11:34
gregpeck7: Looks like zen increasing production at etap field someone on lse got some numbers
30/4/2021
07:39
mdchand: Tunisian purchase complete. From today's RNS Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "The Board and I are very pleased to report on this latest acquisition that enables Zenith to enrich its portfolio of oil and gas production, development and exploration assets in Tunisia. The key significance of the acquisition of El Bibane and Robbana is the undeveloped potential and the possibility to achieve, in the near-term, a stabilised cumulative production in excess of 500 barrels of oil per day, as well as a material production of natural gas and condensate. This volume of production, holding a 100% working interest in both concessions, would transform our revenue position and enable the Company to concretely achieve its long-held growth ambitions in terms of production, especially as the intention would be for the revenue to be reinvested in the further development of the assets. Our near-term objective is to produce in excess of 1,000 barrels of oil per day and to substantially scale production upwards from this threshold by developing our portfolio via systematic workover and drilling activities in the current favourable oil price environment.
21/4/2021
07:52
mdchand: From today's RNS 'We expect to shortly achieve a daily production in excess of approximately 1,000 barrels of oil per day by way of our recently announced acquisitions, as well as the near-term development activities we intend to perform in these assets, which would very favourably position the Company in terms of profitability in the current oil price environment.' Seems a tad cheap for a sub £3m oiler. Wonder if this will trigger a re-rate or whether the market has become too jaded to take Zen seriously anymore.....
25/3/2021
15:10
s_murray: Tinker. Not so sure now, I thought Zen got a great deal with the Oil in storage covering everything. It seems the market does not like it with the share price action. All hope in securing Congo now. Last we heard on that was Feb 10. Could be delayed with Covid. Lets see what news comes from there Mind you all markets not great just now so could be down to that
15/3/2021
09:33
garymegson: ,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.
23/12/2020
14:38
astorcourt: ZENITH ENERGY LTD. ("Zenith" or the "Company") Manufacturing of PPE for Africa Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the listed international oil & gas production company focused on African development opportunities, is pleased to announce that it is in advanced discussions to establish a commercial PPE manufacturing enterprise, specifically protective face masks, in the United Kingdom to combat the COVID-19 pandemic. Rationale -- Zenith recognises the unprecedented challenges posed by the COVID-19 pandemic to populations across the world, especially in developing countries with limited intensive-care capacity and where fewer jobs can be performed remotely. -- The Company has observed publicly reported difficulties in the procurement and timely delivery of protective face masks across the world. -- Zenith intends to explore what kind of assistance may be provided by the UK government in terms of funding to support the establishment of PPE manufacturing in the United Kingdom.
07/9/2020
12:31
zengas: 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/
07/9/2020
12:30
zengas: 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.
17/8/2020
09:11
zengas: 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.
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