I see from the latest “Newsletter to Fixed Income Investors” recently posted on the ZEN website, that AC has left little doubt that Tilapia is 'in the bag'. The following quotes appear to confirm this.

“Zenith Energy achieved a significant degree of growth during 2021 as we successfully implemented our strategy of acquiring revenue generating oil production and development assets in Africa, specifically in Tunisia and Congo Brazzaville, ...”

“It is our expectation that we shall soon be in a position to progress our activities in the Republic of the Congo for the award of a new 25- year licence for the Tilapia oilfield.”

AC is too astute to commit to such statements in a legally onerous document without certainty of a successful outcome to such a claim.

“It is our expectation that we shall soon be in a position to progress our activities in the Republic of the Congo for the award of a new 25- year licence for the Tilapia oilfield.”

That is an excellent find AGEOS and it certainly does indicate that Zenith are getting increasingly certain that we should expect some news on Tilapia in the near future, and you are correct in thinking that it would have been remiss of AC to mention it in the bondholders document unless he knew that we were making progress.

As we all know, despite the significant revenue that is being generated by Tunisia the big driver that is going to send the share price upwards is Tilapia so if this is an indicator that this is imminent then it is very good news for all of us. The newsletter itself is dated January and therefore must already be nearly two weeks old, so fingers crossed this means that we should be expecting news sometime this month and a share price of at least double where we are today when the news lands. Lets hope that Tilapia 2 is announced soon and we experience the re-rate that befits the company’s status. After all, in his interview with Stig Myrseth last year AC did state that once all of the assets were confirmed he expected our market cap should be about £35 million.

Fra forum i London!

Nærmer vi oss Tilapia? De må da ønske vekst og økt produksjon i Congo!

I dag er Zena kr. 164 millioner verdt.

Da AAOG de tidligere eiere av Tilapia var på sitt høyeste lå de på 30 mio €, og de hadde kun Tilapia.

1: Tunesien
2: Nigeria
3: Nyheder ang bore oppstart på Tilapia, Rigg på tur mot Congo.
4: Nye licenser i Congo.

SNPC skylder 5,7 mio $, ( avklaring snart)

SNPC owes AAOG Congo approximately US$5.3 million. Zenith has met with SNPC and expects to obtain the full repayment of the aforementioned amount.
The seller of AAOG Congo has also novated 100% of the intercompany loans with AAOG Congo to Zenith as of the date of Completion, equivalent to approximately £12.5 million.


Vi må ikke glemme: https://www.oilfieldtechnology.com/drilling-and-production/23122020/zenith-energy-awarded-licence-to-operate-tilapia-oilfield/


https://www.youtube.com/watch?v=hZ75MAkH-w8