Zenith Energy - Oljen priset til usd 1 pr fat?

Frodon
ZENA 29.04.2022 kl 12:56 175510

Er dette blant de billigste olje selskapene pr dags dato? Er oljen de eier priset til ca usd 1 pr fat? I tillegg til olje produksjon, selger også selskapet gass og strøm. Bare strøm produksjonen som selskapet har i Italia, tjener selskapet nok penger til å forsvare hele børs verdien på kr 180 millioner

"Electricity prices during the month of March 2022 averaged approximately EUR 295 per MWh, resulting in net revenues of approximately EUR 300,000 per month. Zenith’s current net production costs remain fixed at approximately EUR 35,000 per month"

https://newsweb.oslobors.no/message/558660

"Oil production:

Zenith has reported production from its Tunisian assets in the first half of 2021/22 at 517 b/d. Shipments were somewhat lower at 371 b/d. Significantly, production in Tunisia was running at 650 b/d net in late September including conditional SLK output. Zenith suggested that 1,000 b/d is possible by the second quarter of 2022 assuming successful workover and drilling activity

Tunisia work programme:

Zenith has interests in four producing licences in Tunisia. At Robbana in the south of the country the workover of the ROB-1 well was successfully
completed in early Q4 2021. Production was boosted from approximately 20 b/d to 100 b/d. Near-term, the work programme in Tunisia involves drilling a vertical well at Robbana and two side-tracks in non-producing wells at the Ezzaouia also in the south of the country. The objective is 1,000 b/d for the latter while for the former we believe 500 b/d might be possible. The cost of US$2.5m is underpinned by the recent US$4m equity raise

Valuation and financing

Reflecting the sometimes difficult operating and business environment, valuations for undeveloped resources in Nigeria are modest. We believe valuation might well be less than US$1/barrel. If we assume US$0.5/barrel and 233mm barrels of resources for the two discoveries the valuation would be US$117m. A 42% interest would therefore be US$49m which implies significant headroom vis-à-vis the US$20m as per the OML 141 option agreement.

Zenith has indicated that plans have already been finalized for drilling the Barracuda 5 well (B-5). Apparently, all the necessary civil engineering work has been undertaken for the well including dredging and site clearance. The well location is between two previously drilled wells which have encountered ‘significant hydrocarbons’. The indications are that drilling will commence in January 2022. In a success case Zenith has indicated that production is expected to start immediately using a barge-mounted early production facility. Production could commence during the second quarter of 2022 at a rate of approximately 4,000 b/d, according to Zenith. Further development is expected with the locations for Barracuda wells 6, 7 and 8 already identified. If Zenith chooses to exercise
the option agreement, there will, therefore, be an ongoing corporate and development financing requirement"

Informasjon hentet fra linkene under

Prospektet 4.3.2022

https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/03/315-033-Prospectus-2022-final-approved.pdf

Analyse fra Allenby Capital 14.12.2021:

https://www.allenbycapital.com/our-research/?msclkid=f7a374b5c7a911ecaa511cb87e0b4104&fwp_research_client=2618

Børs meldinger fra selskapet:

https://newsweb.oslobors.no/search?category=&issuer=12675&fromDate=&toDate=&market=&messageTitle=
Fakevenues
20.06.2022 kl 11:05 4202

Minutes of the Council of Ministers of Friday, June 17, 2022
"Invited by the President of the Republic to speak, Mr. Bruno Jean Richard ITOUA, Minister of Hydrocarbons, presented thirty (30) bills approving permits operated by various oil companies."

Når listen ikke er lagt ut enda, så er det ikke godt å vite hva den inneholder.
Om noe/noen er helt avgjort eller om alt skal innom Parlamentet vites heller ikke.
Redigert 20.06.2022 kl 11:08 Du må logge inn for å svare
Gullit
20.06.2022 kl 11:14 4204

Er så mange triggere her nå. Ville på ingen måte stått utenfor i disse dager.. tenker denne uken gir noen svar..
Barneskirenn
20.06.2022 kl 11:32 4170

Men av den teksten, så virket ordlyden som at de 30 tillatelsene omhandlet bare selskaper som nevnt, f.eks; Eni, Total, Perenco etc..
Eller er oversettelsen min på jordet?
Fakevenues
20.06.2022 kl 11:41 4139

"La liste de l’ensemble des 30 avenants, qui concernent les sociétés TotalEnergies EP Congo, ENI Congo S.A. et Perenco Congo/Congorep, est jointe en annexe du présent compte rendu du Conseil des Ministres."

Furuen
20.06.2022 kl 11:54 4136

"Listen over alle de 30 endringene, som gjelder selskapene TotalEnergies EP Congo, ENI Congo S.A. og Perenco Congo/Congorep, er vedlagt denne rapporten fra Ministerrådet."

Skulle vel være tydelig dette?

Ingen ting om Zenith der.
Redigert 20.06.2022 kl 11:54 Du må logge inn for å svare
SebRiberac
20.06.2022 kl 12:19 4168

Where is the link to this announcement can you post it here please?
MarketGunsling
20.06.2022 kl 12:44 4092

I agree with Furuen, there is nothing about Zenith in that article, but nor would I expect there to be as I cannot find anything in those minutes that mentions any new licenses being discussed. All of the information there, both from the Ministry of Hydrocarbons and the Ministry of Mining, relates to discussions that have been had about amendments to existing licenses and extensions of the same.

Therefore, this is clearly not the forum in which new licences are discussed and there is nothing for us to worry about. If there were a whole load of brand-new oil licenses being allocated to other foreign companies within these minutes then there would be reason for us to panic but since there is no mention of any such thing then we should keep calm.

It is frustrating for all of us about the apparent lack of progress that is being made on the T2 license but I think that in this circumstance “no news is good news”. If we recall back to this time last year then there were often articles in the Press such as Africa Intelligence talking about the bad relationship that Zenith had with Teresa Goma and how the license was unlikely to be granted. Now there is nothing like that and so we have to assume that all is going smoothly, if slowly.

We should also remember that in the last Investor Conference Call IC said this: “I know that sometimes our shareholders are frustrated with how long it takes between talking about a deal and then completing it but in Africa time is very difficult and there is nobody about (our size) who is completing transactions quicker than us. Zenith is a very aggressive company but we do things above board and so we are not worried about falling foul of authorities. This means that we cannot speed up African bureaucracy but our solution is to have multi-pronged deals in process so when one is stalled then others are in progress. I am very confident in the success of our ongoing transactions or I would not have bought 40 million shares the other month.”

Frustrating as it is, we just have to wait and not get spooked at things like these minutes or we will spend the whole time panicking.
Viking_I
20.06.2022 kl 12:54 4048

AC should give progress in what is in his hand, Like ROB-1(100bopd ), ROB-3 (200bopd), EBB-3 (600bopd) well work over & SLK rearming part these all can take Zenith above 1400 bopd which will be good production is in current scenario.
Gullhaugen
20.06.2022 kl 13:10 4036

Hva om dette ikke går veien for Zena Congo? Merkelig at de ikke er på listen.
Galv
20.06.2022 kl 13:14 4074

I do not understand why no info from AC like investor call.
If AC do not come with progress problem they have and futher progress. I am afraid old shareholder sell out - AC is paid to do A job for shareholder today .i Hope viking or one off the other big shareholder will send A email and push.


MarketGunsling
20.06.2022 kl 14:30 4025

Well we must expect the update on Rob-1 today or tomorrow at the latest as, according to the RNS from May 31st they were expecting that stabilised production should have been achieved by Saturday.

As for Rob-3 and EBB-3, I expect that we will get news on these by the end of the month but as I have said before, personally I wonder if that might not be a better expenditure to do some further development of the Italian gas assets rather than doing Rob-3 of the Ezzaouia workovers at the moment. This would have the advantage of meaning that we increased our production of gas alongside the oil production and were therefore in a position to take the benefits from increases in both commodities. It would also mean that we would start to solidify a large revenue stream in a stable European country. $15-20 million revenue a year from Tunisia is great but if we were able to get an additional $10 million revenue from Italy by spending a similar amount of money that it would take to get an additional $10 million of revenue in Tunisia then it would be better to spread the risk. It can never do any harm to have your assets evenl y spread over multiple jurisdictions if you ask me.
SebRiberac
20.06.2022 kl 14:47 4047

I think AC learnt from Azer to diversify and never keep your eggs in one basket.
Hektor
20.06.2022 kl 15:08 4050

Les innlegget til MG, er ingen andre oljemygg selskaper på listen heller.
Gullit
20.06.2022 kl 15:34 4002

Bare å ta det med ro.. forventede tidspunkt vil ikke si det kommer den datoen. Når det gjelder congo så ligger mye i kortene att dette løser seg nå.. heng med videre Zenitere.
Viking_I
20.06.2022 kl 15:43 3981

Oil Tanker in LA SKHIRA so waiting for update from Company.
https://www.vesselfinder.com/vessels/POLYAIGOS-IMO-9306574-MMSI-240681000
Furuen
20.06.2022 kl 15:45 3995

Da får vi nok i alle fall EN positiv melding.
SebRiberac
20.06.2022 kl 17:35 3865

The awaited tilapia news will come, listening to scaremongers with motives is pointless, simple hold when the news comes the price will move up very quickly, then you would have wished you kept your stock.
Furuen
20.06.2022 kl 18:00 3797

Jeg holder på aksjene mine, men det er gørr kjedelig å sitte å se på at maling tørker.
BMU
20.06.2022 kl 18:01 3841

I a gree
Well I always sad: Italy (gas) is strong card in the hand & it shut be develop.And is in the EU it can men sum thing in the future.
Computum
20.06.2022 kl 20:55 3643

Dette er vel mer som å se maling renner av da det kom regn før den tørket?
Slettet bruker
21.06.2022 kl 07:16 3411

Zena står vel kun med malekosten. Hvor malingen er er ukjent 😜

Skremmende hvor lite produktivt disse landa er. Kanskje ikke så rart at de trenger u-hjelp. De og nav snylterene har en ting til felles, totalt giddaløse.

Slettet bruker
21.06.2022 kl 09:00 3224

Hvorfor bruker du av din dyrebare tid på denne tråden ..
Du har kansje lite annet å holde på med ? (Y)
Konjagi
21.06.2022 kl 09:05 3265

Da er traderne igang igjen med sine 100k potter
Skalleknarp
21.06.2022 kl 09:22 3218

Har jobbet i Afrika noen år. Mentaliteten er ofte "tomorrow not today" - så mye kan ta laaaaaaaang tid når en havner i den kategorien. Slik er det bare. :)
PS: Kan legge til at det som evt. oppfattes som masing bare gjør vondt værre - havner aller bakerst i køen da...
Redigert 21.06.2022 kl 12:28 Du må logge inn for å svare
vialli
21.06.2022 kl 09:36 3176

Sees ut som det er ledig plass på terminalen i dag til Polyaigos...
Gullit
21.06.2022 kl 09:52 3127

Da kan oljesalg og rob 1 News komme denne uken.

Production from ROB-1 is planned to recommence on June 8, 2022, with stablished production expected to be achieved on or before June 18, 2022.

Er ett par dager siden forventet stabil produksjon så vi nærmer oss News !!
Mdg1
21.06.2022 kl 09:57 3111

Hvorfor slutter ikke selskapet å gi for optimistiske tidslinjer. Man må alltid legge på tid på forventet
Slettet bruker
21.06.2022 kl 10:57 3021

Ja. Det er et fenomen som har fått kjennetegnet "african time".
Sløvt, men slik er det bare.
Slettet bruker
21.06.2022 kl 11:36 2948

Er vel ingen aksjonærer i zena som stresser. Da hadde de ikke vært her 😝

Løsner til slutt..
Billyjojimbob
21.06.2022 kl 12:04 2914

Ja,det var fornuftig av deg😁
Skalleknarp
21.06.2022 kl 12:07 3026

West Afrika - flere land (mest Ivory Coast) innen olje.
Redigert 21.06.2022 kl 12:09 Du må logge inn for å svare
SebRiberac
21.06.2022 kl 12:07 3060

Good and hopefully you can post somewhere else now and let us real investors make money on Tunisia and Tilapia. :)
flingaas
21.06.2022 kl 12:08 3083

På kort sikt.