Zenith Energy - Oljen priset til usd 1 pr fat?
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=
"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=
Skalleknarp
24.06.2022 kl 13:58
3837
In other words good control of costs as long as oil/gas/energy prices stay high.
MarketGunsling
24.06.2022 kl 14:22
3775
It is not so much good control of costs (though this does appear to be there) as the company reaping the benefits of the excellent acquisition work that was done during the pandemic in acquiring assets that are producing oil.
What AC did then that was very impressive was to seize the opportunity when the oil price was low and the agenda was all about decarbonisation and acquire assets for almost nothing from distressed competitors. The company is now reaping the rewards of this strategy.
Although it is incredibly frustrating to have this apparent dead-period in front of us between now and November where there seems to be nothing to do other than wait for Tilapia news imagine how bad the situation would be if we did not have our Tunisian production assets. The worst case at the moment is that each month that goes by with nothing happening the company still nets $1 million in revenue. If we were back in the days of Azerbaijan with almost no production the company would be constantly issuing shares to keep itself alive and pay the day to day costs. Instead it makes more money every day.
Also, although I talk about a dead-period in front of us at the moment, this is simply where we are today as we do not know what is happening. I am certain that AC is not just sitting around and doing nothing for the next four months but shareholders need to know from him exactly what he is doing as sharing his plans and the timescales for them would help restore optimism and give new investors a reason to buy into the company. It would not surprise me at all of the Rob-3 drill has been delayed because he has something else up his sleeve for the summer but we need to know this. Hence the urgent need for an Investors Conference Call.
What AC did then that was very impressive was to seize the opportunity when the oil price was low and the agenda was all about decarbonisation and acquire assets for almost nothing from distressed competitors. The company is now reaping the rewards of this strategy.
Although it is incredibly frustrating to have this apparent dead-period in front of us between now and November where there seems to be nothing to do other than wait for Tilapia news imagine how bad the situation would be if we did not have our Tunisian production assets. The worst case at the moment is that each month that goes by with nothing happening the company still nets $1 million in revenue. If we were back in the days of Azerbaijan with almost no production the company would be constantly issuing shares to keep itself alive and pay the day to day costs. Instead it makes more money every day.
Also, although I talk about a dead-period in front of us at the moment, this is simply where we are today as we do not know what is happening. I am certain that AC is not just sitting around and doing nothing for the next four months but shareholders need to know from him exactly what he is doing as sharing his plans and the timescales for them would help restore optimism and give new investors a reason to buy into the company. It would not surprise me at all of the Rob-3 drill has been delayed because he has something else up his sleeve for the summer but we need to know this. Hence the urgent need for an Investors Conference Call.
Skalleknarp
24.06.2022 kl 14:26
3780
Yes, but anyway we got 30 - 50 b/d extra... until November 2022...
Gullhaugen
24.06.2022 kl 14:35
3778
Slettet brukerskrev Det var to handler på 250k aksjer til kurs 0,0950 De kan være gode kjøp
Det syntes ikke de som solgte. Har AC mistet styringen i Afrika
Vi kan ikke vite om de som solgte var fornøyd eller ikke.
Vi kan har heller ikke vite om de måtte selge eller ikke ...
Pr idag har Don AC styringa i Afrika selv ham sikkert hadde
ønsket seg en større produksjon.
ROB-1 er tilbake i produksjon ...
Hva som skjer med EZZ-18 og strømproduksjonen i Italia er neste
Vi kan har heller ikke vite om de måtte selge eller ikke ...
Pr idag har Don AC styringa i Afrika selv ham sikkert hadde
ønsket seg en større produksjon.
ROB-1 er tilbake i produksjon ...
Hva som skjer med EZZ-18 og strømproduksjonen i Italia er neste
Gullhaugen
24.06.2022 kl 15:29
3732
Jeg tenker at han aldri har hatt kontroll i afrika men en drømm som brast da olja snudde fra 20 til 120 dollar.
Foreløpig bekksvart!
The Company is of the view, in consideration of the well's age and condition, that any significant change in the production parameters would risk compromising ROB-1's structural integrity and long-term productivity
The Company is of the view, in consideration of the well's age and condition, that any significant change in the production parameters would risk compromising ROB-1's structural integrity and long-term productivity
SebRiberac
24.06.2022 kl 15:49
3700
My personal view is tilapia or a similar large scale asset will be purchased during that time.
Fakevenues
24.06.2022 kl 15:50
3736
Det ser merkelig ut...kanskje noen 'brønnmenn' kan uttale seg om dette?
Gullhaugen sin 'tapt kontroll i Afrika' og MG sin 'hva skal de foreta seg de neste 4 mnd?' burde blitt besvart fra HQ
Gullhaugen sin 'tapt kontroll i Afrika' og MG sin 'hva skal de foreta seg de neste 4 mnd?' burde blitt besvart fra HQ
Finnes nok bare en måte å komme seg ut av denne aksjen uten å ta et tap, og det er at det snarest kommer på plass et minimum av argumentasjonen for kapitalinnhenting.
Mitt halmstrå er det rent tekniske som kan bli himmel, men også helvete.
Mitt halmstrå er det rent tekniske som kan bli himmel, men også helvete.
Fakevenues
24.06.2022 kl 16:04
3719
Alt av spørsmål i fob med IC skal de jo ha inn på forhånd for å 'sile'
Jeg tenker at den initielle avvisningen i Tunisia (SLK) står enda.
Jeg tenker at den initielle avvisningen i Tunisia (SLK) står enda.
BlackPearl
24.06.2022 kl 16:12
3757
Ingenting å bekymre seg for, mange som kan utnytte sjansen for å snitte ned mens det er muligheter for dette …produksjon fra brønnen kan øke etterhvert, ellers er den der hvor den va før reparasjon …som er igjen bedre en null produksjon😉
Du er kjernen av utfordringen.
Vi må bare tro, ingenting er konkret, det er det skumle med denne type papirer.
En vakker dag kan vi være slettet.
Vi må bare tro, ingenting er konkret, det er det skumle med denne type papirer.
En vakker dag kan vi være slettet.
Gullhaugen
24.06.2022 kl 16:33
3788
Jeg sier ikke mer : https://se.tradingview.com/symbols/OSL-ZENA/
Har vært buy/strong buy i mange uker nå. Sier ikke mer :)
Gullhaugen skrev Jeg sier ikke mer : https://se.tradingview.com/symbols/OSL-ZENA/
Ja, det der bærer jo til helvete!
Blir ingen ny bil.
Blir ingen ny bil.
Gullhaugen skrev Hva står det må da??? Strong sell??
Poenget er at det har null effekt på Zenith tydeligvis. Du vingler bra med meningene dine, Gullhaugen:)
jantt
24.06.2022 kl 18:13
3871
Da Viking sagde alrig under 0,11 igen mente han måske aldrig over 0,11 igen
katasrtofe dag
katasrtofe dag
BMU
24.06.2022 kl 18:41
3862
I think he (AC) haw learned from the past. By sharing his plans and short timescales with shareholders it will only make overoptimism and illusion about sum thing beyond reality. That way hi is mor carful now than before.
When is the question about Rob.1 wi should haw known : 50/50% we my luse ore win I wrote the post before we knew the outcome, and about the Conco ; I didn't won to saud negative about it. But I også sad that there ar steel meny battles to fight.....
When is the question about Rob.1 wi should haw known : 50/50% we my luse ore win I wrote the post before we knew the outcome, and about the Conco ; I didn't won to saud negative about it. But I også sad that there ar steel meny battles to fight.....
Redigert 24.06.2022 kl 19:00
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Gullhaugen
24.06.2022 kl 19:57
3799
Frustrert som alle andre over at de gode triggerne uteblir.
Redigert 25.06.2022 kl 09:31
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Zenith har fått ROB-1 tilbake i produksjon men burde har informert tydeligere om at ROB-3
ikke er i produksjon før tidligst i 2023
Fortsatt er det ikke kommet noe info om EZZ-18
Hva som skjer med Lucera er uklart ...
Hva som skjer med SLK lisensen er uklart ...
De som ikke orker å vente ...... Selg .....
kraftbank.no har satt opp renten på innskudd og de har måndtlig kapitalisering.
ikke er i produksjon før tidligst i 2023
Fortsatt er det ikke kommet noe info om EZZ-18
Hva som skjer med Lucera er uklart ...
Hva som skjer med SLK lisensen er uklart ...
De som ikke orker å vente ...... Selg .....
kraftbank.no har satt opp renten på innskudd og de har måndtlig kapitalisering.
Redigert 24.06.2022 kl 21:33
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Da var vi under 10 øre igjen. Blir bra det her?
TheLondonOiler
27.06.2022 kl 09:36
2727
MG are we planned for an investor call? I hope AC has another big asset up his sleeve along with tilapia.
Do not forgot $6 million from oil sale on the way in next 3 days.
Nå må AC våkne før gamlehjemmet tar han.
Han babler i vei om 12-20.000 boe/d og så sliter vi med å oppnå 1000 boe/d.
Han babler i vei om 12-20.000 boe/d og så sliter vi med å oppnå 1000 boe/d.
Billyjojimbob
27.06.2022 kl 09:57
4078
Slettet brukerskrev Da var vi under 10 øre igjen. Blir bra det her?
Fint med rebajas for de som bygger volum,hugs på hvor fort det gainer når det skjer noe substansielt.👍
Billyjojimbob skrev Opp 1,8% siste mnd er ikke verst på ruglete børs 👍
Norsk børs opp 2% ZENA ned 1,7% med en stigning i olieprisen på 3% forklar meg!
Fakevenues skrev Nesten litt sånn 'The trill is gone'-stemning nå.
12-20000 boe/d forutsetter noe mere.
Med Congo / Nigeria kan det bli virkelighet
SLK lisensen går ut i år og Zenith kan miste den selv om
jeg tviler på det. Det er for mye rot i Tunisia så mest sannsynlig
fortsetter alt som før til neste år.
Hva som skjer med strømproduksjonen i Italia, Ezzaouia og El Bibane
er også intressant å følge med på
Utålmodig investorer bør finne noe annet leke med
Med Congo / Nigeria kan det bli virkelighet
SLK lisensen går ut i år og Zenith kan miste den selv om
jeg tviler på det. Det er for mye rot i Tunisia så mest sannsynlig
fortsetter alt som før til neste år.
Hva som skjer med strømproduksjonen i Italia, Ezzaouia og El Bibane
er også intressant å følge med på
Utålmodig investorer bør finne noe annet leke med
Stigende oljepris har begrenset nytte med mindre du har noe å selge idag.
Fakevenues
27.06.2022 kl 10:33
4019
Ezzaouia lisensen er ikke fornyet.
Når det gjelder å sette i gang på hva de har blitt lovet, så har de jo også blitt 'lovet' Tilapia II iflg 'Successful bid for Tilapia II' & 'Successful completion of IPU in Congo'
Når det gjelder å sette i gang på hva de har blitt lovet, så har de jo også blitt 'lovet' Tilapia II iflg 'Successful bid for Tilapia II' & 'Successful completion of IPU in Congo'
Zenith already sold EZZ oil 2 times in last 1 year so stop useless comments.
Italia electricity and EZZ, SLK, EBB and ROB-1 production defending value above kr 0.68 with current oil price.
AC should come with share purchase program now.
Italia electricity and EZZ, SLK, EBB and ROB-1 production defending value above kr 0.68 with current oil price.
AC should come with share purchase program now.
Redigert 27.06.2022 kl 10:46
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Fakevenues
27.06.2022 kl 10:50
4001
Zenit has also received a payment for oil from Tilapia
"oil production produced during the now expired Tilapia I licence by AAOG Congo"
https://newsweb.oslobors.no/message/540297
"oil production produced during the now expired Tilapia I licence by AAOG Congo"
https://newsweb.oslobors.no/message/540297
Yes because Zenith had Tilapia I license until July 2020 from period after AAOG took over.
Any how I have increase shares up to 27 million in different accounts. Because I can see big upswing soon oil sale in 3 days and $12 million in account. Cash is king now.
Any how I have increase shares up to 27 million in different accounts. Because I can see big upswing soon oil sale in 3 days and $12 million in account. Cash is king now.
Redigert 27.06.2022 kl 10:57
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Allroad18
27.06.2022 kl 11:01
4052
Små volum hele dagen, hele uka , hele måneden. Dersom seriøse aktører vil inn, så kjøpes det på større volum, og om seriøse vil ut, så selges det også på større volum, bare en tanke....
Skulle ikke zena ha over 2-3000 boe/d i utgangeb av 2021? Eller var det mer?
Vet de er langt langt bak målsetning på tidsperspektivet deres.
Noe større felt får de nok aldri. Dead case for meg.
Vet de er langt langt bak målsetning på tidsperspektivet deres.
Noe større felt får de nok aldri. Dead case for meg.
BMU
27.06.2022 kl 13:04
3915
De har vi lært i løpet av dise årene at successful bid og successful completion var ,,litt" forskjellig ting.
MarketGunsling
27.06.2022 kl 13:10
3905
I agree that AC has learned from the past, or maybe has been burnt a little bit in the past, by sharing his timescales with us on what he thinks will happen and has then been criticised for this when there are delays. However, this is the nature of deal-making – what is one position today may not be the same position tomorrow. I think that he has ben more open and honest with us than most CEOs are with their shareholders and we should be grateful for this.
Iat the risk of endlessly repeating myself, I think that an investors conference call as soon as possible would be an extremely good thing. I am absolutely convinced that AC has not just been sitting around and doing nothing while the ROB-1 workover was being completed and he has been busy doing what he always does which is making deals. I would just like him to share with us what he is working on as I think that it would set all our minds at rest. I do not believe for a second that all that is going to happen between now and ROB-3 in November is that we are going to wait round waiting for news on Tilapia and having re-read my notes from the last ICC I would be incredibly surprised if we don’t get news of another deal between now and then.
The reason that I now believe this is that I have reminded myself that In the last ICC AC said:
1,.“Zenith has many other negotiations going on in Africa which have not reached announceable stage yet. However, we are looking at trying to acquire assets that can be closed quickly. “
2,.“There are also possibly other acquisitions in Tunisia but our initial strike took all of the small and easily available assets and so we prefer to focus in other jurisdictions where we can complete deals more quickly.
3,.“ We are already in negotiation of 5-6 Nigerian deals and the appeal of OML141 was quick production and staggered payment. We understand that retail investors don’t want long-drawn out negotiations and we are always looking at speed of executions without bureaucratic complications (transactions between private companies) and that can be brought to productions quickly. However at the same time this is Africa . For example Baraccuda would have been perfect if it was not for the malicious court case and so we could have completed the transaction in a matter of hours were it not for the court case. Note that this is not the only opportunity that we have and we have many many good opportunities.”
4. “July 2021 AC mentioned that they company was looking for big assets that might enable the company to increase 10-15 times in size – 2022? At the moment we are in two negotiations of this size. They are not yet at an annoucneable stage but we have developed new avenues in new countries that were not previously knows.”
Iat the risk of endlessly repeating myself, I think that an investors conference call as soon as possible would be an extremely good thing. I am absolutely convinced that AC has not just been sitting around and doing nothing while the ROB-1 workover was being completed and he has been busy doing what he always does which is making deals. I would just like him to share with us what he is working on as I think that it would set all our minds at rest. I do not believe for a second that all that is going to happen between now and ROB-3 in November is that we are going to wait round waiting for news on Tilapia and having re-read my notes from the last ICC I would be incredibly surprised if we don’t get news of another deal between now and then.
The reason that I now believe this is that I have reminded myself that In the last ICC AC said:
1,.“Zenith has many other negotiations going on in Africa which have not reached announceable stage yet. However, we are looking at trying to acquire assets that can be closed quickly. “
2,.“There are also possibly other acquisitions in Tunisia but our initial strike took all of the small and easily available assets and so we prefer to focus in other jurisdictions where we can complete deals more quickly.
3,.“ We are already in negotiation of 5-6 Nigerian deals and the appeal of OML141 was quick production and staggered payment. We understand that retail investors don’t want long-drawn out negotiations and we are always looking at speed of executions without bureaucratic complications (transactions between private companies) and that can be brought to productions quickly. However at the same time this is Africa . For example Baraccuda would have been perfect if it was not for the malicious court case and so we could have completed the transaction in a matter of hours were it not for the court case. Note that this is not the only opportunity that we have and we have many many good opportunities.”
4. “July 2021 AC mentioned that they company was looking for big assets that might enable the company to increase 10-15 times in size – 2022? At the moment we are in two negotiations of this size. They are not yet at an annoucneable stage but we have developed new avenues in new countries that were not previously knows.”
Billyjojimbob
27.06.2022 kl 13:28
3872
Denne aksjen er uavhengig av alt utenom gode nyheter,kjøpersiden bestemmer og mange blir fintet ut før haraballet starter for fullt.
Deja vu. Faktume er att de som har blitt fintet ut har nok satset hardt på andre oljeaksjer og tjent penger 🤭
TheLondonOiler
27.06.2022 kl 13:58
3858
Not necessarily, most of my other oilers are down significantly, in fact zenith is my only stock that has stabilised at bottom at a good price. Of course with any hint of a new asset or a ramp in production the price will rapidly move upwards. Buy and hold at current levels in my humble opinion.