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ZEN Zenith Energy Ltd.

1.50
0.00 (0.00%)
Last Updated: 07:42:50
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy Ltd. LSE:ZEN London Ordinary Share CA98936C8584 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 3,907 07:42:50
Bid Price Offer Price High Price Low Price Open Price
1.40 1.60 1.50 1.50 1.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
10:04:53 O 10 1.41 GBX

Zenith Energy (ZEN) Latest News

Zenith Energy (ZEN) Discussions and Chat

Zenith Energy (ZEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:04:541.41100.14O
08:56:061.412,91141.05O
08:01:031.4198613.90O

Zenith Energy (ZEN) Top Chat Posts

Top Posts
Posted at 03/10/2024 08:59 by the patriotic irishman
rolling rolling rolling

"The total cumulative amount claimed across the three pending arbitrations now stands at 639.7 MILLION USD, evidencing the scale of the damages inflicted upon Zenith and its shareholders by the Tunisian authorities.

We are HOPEFUL that the outcome of the ICC 1 arbitration, due by the close of the year, will provide concrete confirmation of the validity of our position as we direct our efforts towards the much larger ICC 2 and ICSID arbitrations, to be concluded in 2025 and 2026 respectively."


keep em never ending 🥕🥕🥕 rolling


User: Takeyourbets
Posted in: ZEN
Price: 0.75p
Date: 17 Apr 2020
Rec: STRONG BUY
I am in as of today


proof of tragic mans 7.5p entry (post consolidation money) to a share price of 1.2p today 😲


oh dear oh dear oh dear 🤡
Posted at 02/8/2024 13:31 by zengas
How long can they stay afloat for ?

1) The interest costs for 12 months to end of March 2024 was $5m.

2) Listing costs for the 2 markets UK & Norway $570k.

3) How did they manage to blow $1.566m negotiation costs for acquisitions (to who actually ?) and end up with just a royalty interest bid at auction instead.

4) Another $4.953m spent on consultancy fees. Incredible ! Consulting on what ???

5) Travel again a whopping $751k compared to $762k a year earlier. How the heck are they managing to spend the equivalent of $62,500 every month or almost $14,500/week.

6) Arbitration costs $1.658m.

Above is absoluely shameful.

$200k left in the bank 4 months ago .

Revenue is just $1.7m/year which costs $1.085m to produce which leaves a margin of $700k. But you then have $1.7m for salaries and $650k for office on top of other admin.

Has an absolute mountain of debt. Kept going by further borrowing at a much higher interest rate to settle the previous term. Now the finance expense will have risen as a result of the higher rate.

"The Company started negotiations to sell its Drilling Rig ZEN-260 in April 2024, that will most likely be finalized within the next 12 months". - They expect $5.2m net after commission fees when sold. So in all that time they didn't bother to update on the Kazahkstan acquistion where they had planned to move the rig.

If you only count the salaries, previous lower interst rate payments and listing costs above = $7.2m - imo they are running at a loss of $600k/month so from 1st April will have pro rata consumed over $2m of loss funded by debt by today and ongoing.

Heaven forbid more arbitration costs up front or more ridiculous consultancy fees ?

Expecting significant dilution through share issues to say afloat. Wouldn't surprise me if delisting is a possibility due to the state they are in to save cash.

Absolutely mad imo.
Posted at 01/7/2024 12:41 by the patriotic irishman
STRONG BUY 😲


User: Takeyourbets
Price: 1.85
Rec: Strong Buy
Today 11:14
Subject: Zenith acquired Albanian asset




WHOOPS 🤡

User: Takeyourbets
Price: 1.85
Rec: No Opinion
Today 11:18
Subject: Zenith acquired Albanian asset

Sorry guys it’s from 2016 my mistake



NO Azerbaijan NO PARTY 🥳

NO Nigeria NO PARTY 🥳

NO Congo NO PARTY 🥳

NO Tunisia NO PARTY 🥳

NO Benin NO PARTY 🥳

NO Yemen NO PARTY 🥳

NO Albania NO PARTY 🥳


soon to be

NO litigation millions NO PARTY 😉


oh dear oh dear oh dear 🤣🤣🤣
Posted at 01/1/2024 21:47 by bad gateway
Odd ZEN. You're using warrants to knock the co. claiming you've researched well and don't know the amount and timings of those already expired.


ZEN had 529,395,330 warrants to be issued April 1st 2022.
By 30th Sept 2023 298,033,092 had expired unexercised leaving the 274,839,785 that you picked up on from ambulance chasing your way through the results.

Another 55,176,667 expired early Dec leaving 219,663,118 to be issued.
There's 92,094,691 expiring 17th Mar 24 which given ZEN hasn't had any of its warrants exercised since April '22 will likely expire unexercised too leaving 127,568,427 in play.

These 127M have a very low exercise price but would only expect them to be exercised should ZEN successfully purchase at least the first 50 percent of Devonian, get the drill in place and have a very positive result proving up a large part of the promised resources for this megafield they're claiming to have.

Presuming that their both winning and being paid out for some of the court cases they're involved in will also garner interest as I believe the no's were fairly high but unsure on amounts and timings there so will leave that for another day's discussion.

Can't see the market buying the story en masse (or zen shares) til either of those scenario's plays out so barring what admittedly is potentially very good news think they'll continue to expire unexercised here.

P.S seems to be no indication they issue warrants in Jan historically not sure where you've picked that concern up from?
Posted at 01/1/2024 14:11 by zengas
and another from me that was removed. (Either they cant read the accounts or hoping that nobody dares say any thing and why i think they were released just before market close Friday. Point any thing out and your trashed as a liar despite it being there in the accounts).
-------------------

Be interesting to see if they can get Devonian over the line and drilling is at least 6 months away imo. There are other major factors at play and the use of Leopard is now interesting.

I think the 10th Jan could be an important day for AC if not for Zenith but you have to study the background story to this and also now Leopard as a board/directors/management is to be set up there as well. Could he be significantly involved at all 3 and as a result very well salaried ? Ultimately what will or could happen to Zenith as a result ?

I've looked doubly hard at the 274m outstanding warrants at Zenith which seem in the money at the current ex rate at 1.78p/3C Cdn. ?? Will the shares trickle down to that in price if warrants are excercised ?? I don't know but if he did get them exercised there's a money supply but also potentially some 500m shares in issue. A high ask given the remaining warrant life over the next 8 months.

Next 10 days -Proposed AC CEO at Reabold and how they view him at 8:16 in

but

28/12/23 RNS From Strand Hanson.

The Company has been advised by its Nominated Adviser, Strand Hanson Limited ("Strand Hanson"), that its independent due diligence process, on the Proposed Directors, as required by applicable regulations, remains ongoing. However, as stated in the Circular, in the event that the resolutions in respect of the appointments of the Proposed Directors are passed and Strand Hanson has not completed the required due diligence to its satisfaction, Strand Hanson has informed Reabold that it expects that it would be required to resign from its role as the Company's Nominated Adviser with immediate effect. Should this be required, in accordance with AIM Rule 1, trading in the Company's ordinary shares on AIM would be suspended following the closing of the General Meeting on Wednesday 10 January 2024.

and

29/12/23 RNS Glass Lewis Recoomendation

"We are pleased to note that the Glass Lewis Proxy Paper report, along with the ISS Proxy report, recommends that shareholders vote AGAINST ALL resolutions, consistent with the current Board's recommendation
==========================

From Zenith

Zenith is authorised to issue an unlimited number of Common Shares,

The Company had 231,030,237 common shares in issue and admitted to trading on the Euronext Growth of the Oslo Stock Exchange, the Main Market of the London Stock Exchange and OTCQB, as of September 30, 2023.

As of September 30, 2023, the Group had 274,839,785 warrants outstanding and exercisable at a weighted average exercise price of CAD$0.03 per share with a weighted average life remaining of 0.67 years.

* Zenith intends to rename CYAP, will appoint a new Board of Directors reflecting its new ownership, and will utilise CYAP for the purpose of acquiring energy production and development opportunities in the US.

* CYAP announced that it had changed its name to Leopard Energy Inc during the month of December 2023
Posted at 31/7/2023 11:55 by tomboyb
Zenith Energy Ltd Publication of 2023 FY annual audited report
31/07/2023 11:36am
UK Regulatory (RNS & others)

Zenith Energy (LSE:ZEN)
Intraday Stock Chart

Monday 31 July 2023

Click Here for more Zenith Energy Charts.
TIDMZEN

RNS Number : 7538H

Zenith Energy Ltd

31 July 2023

July 31, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Publication of 2023 FY annual audited report

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to publish its independently audited financial results for the financial year ended March 31, 2023 (the "Annual Report").

The Annual Report can be viewed here:

A copy of the Annual Report will also be made available for review on the Company's website: www.zenithenergy.ca

Key Highlights

During the financial year ended March 31, 2023, the Group:

-- The Group generated revenues from oil and natural gas of CAD$13,159k (2022 - CAD$8,239k)
-- As of March 31, 2023, inventory consists of CAD$ 6,448k (2022 - CAD$5,690k) related to 116,391 barrels of crud e oil that has been produced but not yet sold in Tunisia .

-- The Company sold 177,246 mcf of natural gas from its Italian assets, as compared to 131,556 mcf of natural gas in the 2022 similar period.

Andrea Cattaneo , Chief Executive Officer, commented:

"The results for the 2023 FY represent the highest revenue generation recorded by the Company during its history. This is a significant achievement made possible, inter alia, by the exceptional energy pricing climate during the period, specifically in Italy where profitability margins have been unprecedented.

It is also important to underline that administrative expenses have been reduced materially, with a decrease of approximately 30 percent in comparison to the 2022 FY.

Zenith has newly embarked on an exciting acquisition campaign, with multiple potential acquisition opportunities currently under review across different geographies. It is the Board's intention to build on the progress achieved during the 2023 FY to maximise revenue generation and profitability in the interests of the Company's successful long-term development ."

-ENDS-

Further Information:


Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray, Matt E: zenith@blytheray.com
Bowld
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser

Nick Harriss

Daniel Dearden-Williams
Miriad Limited - Media Enquiries Tel: +44 7867527659
Zak Mir E: zak@zakmir.com
Posted at 05/7/2023 11:55 by tomboyb
Zenith Energy Ltd Second acquisition in USA
05/07/2023 11:35am
UK Regulatory (RNS & others)

Zenith Energy (LSE:ZEN)
Intraday Stock Chart

Wednesday 5 July 2023

Click Here for more Zenith Energy Charts.
TIDMZEN

RNS Number : 0718F

Zenith Energy Ltd

05 July 2023

July 5, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Second acquisition in USA

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the international energy production and development company , is pleased to announce that its newly incorporated fully owned subsidiary in the State of Texas , Zena Oil & Gas LLC, has conditionally agreed to fully acquire a portfolio of mineral leases and oil and gas wells in the State of Texas, United States of America (the "Acquisition") from the wholly owned subsidiaries of Beam Earth Group Ltd. (the "Seller").

Terms of the Acquisition

The Company has conditionally agreed to fully acquire, subject to a definitive purchase and sale agreement ("Completion") certain oil, gas, and mineral leases and oil and gas wells for a total amount of US$1,027,500 (the "Consideration").

The Consideration will be payable 60% in cash, representing the amount of US$616,500, and the balance of 40% will be satisfied by the issuance of equity to the Seller to be admitted to trading on the Euronext Growth of the Oslo Stock Exchange, priced at the average closing price of the last 5 trading days prior to the achievement of Completion (the "Equity Consideration"). Admission will also be sought within 12 months of any issue under the Equity Consideration to the Main Market of the London Stock Exchange and the Standard Segment of the UK Official List.

The Seller have agreed to retain the Equity Consideration for a minimum of three months from the date of Completion. Zenith will hold the right of first refusal in the event of a possible disposal of the Equity Consideration, subject to the terms to be agreed at Completion in the definitive purchase and sale agreement.

Acquisition Highlights

-- The Acquisition comprises of 155 oil and gas wells located in the vicinity of Midland (TX) across licences named Corsicana, Powell, BrookLaw and Sun Valley.

-- 47 wells are currently active with a daily production of approximately 60 barrels of oil per day ("BOPD").

-- It is expected that production can be increased to an average rate of 100 BOPD with light workover and field rehabilitation activities within six months from Completion.

-- Located in the State of Texas, a prolific oil and gas petroleum system with favourable fiscal terms, relatively low production costs and the ready availability of technical expertise and equipment.

-- Zenith will commission a Competent Person's Report in compliance with Canadian securities laws, specifically the C OGE Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities - to obtain an updated reserves evaluation for the Acquisition.

Andrea Cattaneo , Chief Executive Officer, commented:

"We are pleased to have conditionally agreed our second acquisition in the USA.

Texas is a favourable oil and gas jurisdiction with many attractive qualities for junior operators such as Zenith, specifically with regards to fiscal terms and the availability of equipment and technical expertise.

We look forward with enthusiasm to commencing our activities in the State of Texas, one of the areas in the world most synonymous with hydrocarbon production activities.

It is our expectation that we shall soon achieve 'critical mass' by way of additional acquisitions, selected following a rigorous due diligence process, to successfully achieve Zenith's growth objectives."

About the Seller:

Beam is currently selling O&G assets to focus on service activities with a strong impact on GHG emissions control and reporting ( hxxps://www.beam.earth ).

Further Information:


Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray, Matt E: zenith@blytheray.com
Bowld
Allenby Capital Limited - Financial Tel: + 44 (0) 203 328 5656
Adviser

Nick Harriss

Daniel Dearden-Williams
Miriad Limited - Media Enquiries Tel: +44 7867527659
Zak Mir E: zak@zakmir.com

Notes to Editors :

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in Africa, the Middle East and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd

LinkedIn: [...]
Posted at 01/8/2022 09:48 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
Posted at 14/6/2022 18:26 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 16/5/2022 07:41 by monis
i think the ZEN share price will bounce now from these levels imo dyor.
Zenith Energy share price data is direct from the London Stock Exchange

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