https://www.reuters.com/business/energy/sarabia-other-opec-producers-announce-voluntary-oil-output-cuts-2023-04-02/

Oil prices set to rise, zenith must secure Benin soon and there will be a multibag rerating in the share price.

https://twitter.com/bacharelhalabi/status/1648732864119296000?s=46&t=M1o7AtHBGr3pyrm2vLUnOA

“ While Yemen is heading towards a potential political breakthrough in its 9yr old conflict, the January $21.6mn deal between @zenithenergyltd & @omv remains “in the works”, sources told @ArgusMedia. - with @ncitayim #oott 🔒
https://direct.argusmedia.com/newsandanalysis/article/2440724?keywords=Bachar. “

So looks like Yemen and Benin both still on

Great job! Remember if we get Yemen over the line they will quickly get in cash to find new cheap deals in the work.

Yemen was always on ............there is article from 19 Feb gives more light on it.

Veldig positivt å få bekreftet at muligheten fortsatt er der i dag. Reell sjanse for at det faktisk blir godkjent til slutt.

That looks like excellent news for us all. I must admit, I was growing concerned for the Yemen deal as Zenith have not made any public statements about its progress in the same way that they have done for Benin and I was starting to worry that no news was bad news. Certainly, after the Tilapia experience it feels that if deals don’t get done quickly then they are unlikely to get done at all. However, perhaps this is just me being pessimistic.

I have said all along that I think that the Yemen deal, if we can get it over the line, is the best of all the potential opportunities that we have on the table. It was hugely lucrative for OMV while they were operating it and from looking at their annual reports they produced almost 18 million barrels of oil from the concession in the 15 years that they have operated it. This averages at 1.2 million barrles of oil per year even including the nearly three years where there was hugely interrupted production and the two years where there was no production at all.

To put this into context, with the production costs at the stated $28 per barrel and the current oil price of $80 per barrel this means that this generated OMV over $900 million in revenue over the course of 12 years of actual production (15 years of operatorship). Even if we assume that 50% of this went to the Yemeni government in tax etc it is still $450 million or $30 million a year net to OMV. Zenith obviously have a Chinese JV partner in this operation so it would only be $15 million per annum net to Zenith, but this is still a huge amount of money.

It is also worth noting that the peak production years for OMV were 2010 / 2009 / 2014 / 2013 / 2018 when they produced respectively: 2.4 million / 2.3 million / 2.2 million / 1.8 million / 1.8 million barrels of oil per year. What this shows is that there is also plenty of room for expanding the profitability of the operating simply by drilling new wells in the region and gives the possibility of the net revenue to Zenith doubling in quite short order.

Obviously, it is not worth getting too excited about the potential of Yemen until we get the deal over the line but, make no mistake, if AC can manage to do this then the Yemen deal is an absolute game-changer for Zenith and will be the catalyst that moves the market-cap into the $150 million + territory.

If both assets are ours the price should be 5 times alone even before production

large hidden order for sale - 0.0688 - 100000

Really informative and ballanced input to the forum discussions.

It could be wise to bear in mind that there are still a way to go in both Yemen and Benin, despite the few positive drops we get in between. I see some people get worried if the news are not published the same day they expect.
These negotiations are complicated, you believe me. Even in Europe between known parties, I've been there.

As I see it at this moment, the only complications that could destroy the deals in Yemeb is that OMV see the positive development politically in the country and want another deal
or
The exclusive period for negotiations in Benin is over and companies with more money take place at the table

As far as I know OMV has signed and received the deposit and should not be in any position to go back on the deal, unless there are clauses that say both parties are entitled to pull out.. I never found the contract so haven't read through it.

For Benin, I'd find it strange if any company hops in and offers money to the state for the license, how much better deal can they get from another company? Zenith will also invest in the field. Then companies would not bother to engage in tenders like the one they put out. But of course anything can happen..

And I think they want to get the Seme field going and focus on bigger fish. They plans for deep sea Offshore projects, which probably requires a lot more investments and this is where the other big fish come in. An efficient and trustworthy process on this field should entice other companies for the future tenders.

Dette er bare tullprat (bullshit). Hvem sier at mer pengesterke tar plass ved bordet nå? Da hadde de vel vært med i budrunden fra start, og da hadde vel ikke Zenith vunnet enerett til forhandlinger????
At andre kommer på banen nå når Zenith har forhandlet i tre måneder er bare oppspinn og skremsel.

Er flere artikler som tidligere har nevnt at OMV vil ut fra Asia pga fokus på drt grønne skiftet.

OMV har forsøkt å selge i lengre periode av hva jeg har lest tidligere (lest for en stund siden. Gjerne rett meg hvis det ikke stemmer).
Så de er nok rimelig fornøyd med at Zenith har kommet på banen.

Det var på ingen måte tenkt som skremsel, beklager om du oppfattet det sånn...

Men vi bør da kunne være litt "edruelige" og tenke tanken at det kan skjære seg, vi er tross alt i forhandlinger.

Ikke forhandlinger. Nå er det det praktiske og juridiske som skal på plass.

The issue with the Yemen deal is no with OMV. They have agreed to sell and have been paid a fee by Zenith to ensure that the deal goes through. They could not easily get out of the deal even if they changed their minds, but they don’t want to get out of the deal anyway. Although Yemen is a massive deal for little Zenith whose market capitalisation is only $15 million, it is a tiny project for OMV.

OMV have annual gross revenues of €36 billion and so the $96 million in gross revenue that Yemen generates is only 0.27% of their total turnover. However, with all of the shutdowns and political instability, you can bet that Yemen contributes to more than 0.27% of their annual problems. This is why they want to get rid of it, alongside the fact that they can use it to “greenwash” their reputation and claim that they are decarbonising their portfolio. However, as Andrea has pointed out in the past, it is noticeable that they are not decarbonising by getting rid of their Romanian, UAE, Norwegian or Libyan assets which together generated over 100 million barrels of oil equivalent in 2022 and instead they are selling the smallest asset in their portfolio.

OMV want to sell and Zenith want to buy. The only reason that the deal did not go through straight away is because the Yemeni government need to give their approval to the transaction. From what has been mentioned on various Middle Eastern twitter accounts reporting on this situation, this is causing some political dispute in Yemen about which politician will “benefit” from this change in ownership and that is why the deal has been taking so long.

As I said yesterday, I was starting to thing that this deal might be dying as low death in the background but this latest news certainly shows that this is not the case I still think that the Benin deal is both further advanced and more likely to be completed. The fact that Zenith are already in the finalisation stages of preparing the Production Sharing Agreement says to me that everything is proceeding smoothly and there is no danger of us having somebody else come in and try to get the asset. Hopefully, it should not be long until we get some news on this.

Sånn tolker jeg også det! Håper vi har rett.

Det har vært stille på RNS fronten også. Hadde vært bra med fremgang i Italia og økt produksjon/aktivering av assets der. I motsetning til Tunisia så vet vi at de faktisk eier assets der. Får satse på at det også kommer i løpet av Mai.

hei, noen som har fått snittet ned her i det siste?

As always Man get turned left and right by different thought s and meanings. This it doesn't mean that our fear's can come true and win over us. It's just show s that we after all are little bit ancient and scared. But we should not there will not be fall this time,we have seen but s0metimes, now it's only way is up.

Skal ikke synse for mye, men har en kjempe god følelse på uken som kommer. Drømte att det ble bekreftet avtale i Benin.. har vert sanndrømt før.. så må ikke alle gå av skafte og kjøpe over evne av den grunn🤣
No e det våres tid

I also feel something good is on the way maybe Benin and Yemen both signed together

holder meg i skinnet :-)))))

Ja, snittet er ned ganske mye :)

Hadde tatt seg ut å lagt ut en kjøpsanbefaling basert på en drøm 😅 men fra spøk til alvor, uten å bli helt Lilli Bendriss, så er det flere som opplever sanndrømming enn man tror. Vi satser på at du får en såkalt Déjà Vu denne uka Gullit 😍

Noen som vet hvorfor det har kommet en salgspost med 5 mill aksjer 5 minutt før opning flere dager på rad nå? Og så blir den borte rett før åpning.. viking? Any1?

Large hidden order to sell at 0.07- 25000,
Remember no one will sell now below 0.068 ................

Stille på trådene for tiden, jeg begynner nesten å savne alle de feilslåtte tidsestimatene til Viking....

Håper du har rett siste handel i uk var ned 8.57% . Håper ingen sitter med opplysninger om det motsatte

Var det mye aksjer som gikk i siste handel?

Nei, den siste var 977,175

Now here some cooking recipe for to take course down.........................be aware

Det jobbes hardt for å prøve og presse prisen ned her 😅 blir nesten litt for dumt når det blir så åpenbart.

Large dynamic hidden order to buy 0.0677 10 around 3 million

Å presse ned prisen på denne og mange andre aksjer er dessverre enkelt og Oslo Børs på sitt beste. Dette er jo en øretrilleraksje(enn så lenge), så da kan man med veldig små midler styre kursen sånn noenlunde ditt man vil. Det er altfor enkelt å manipulere kurs så lenge det ikke er krav til minstesummer og børsposter lenger. De som tjener på kjøp og salg er de som har handelssystemer, og de driter i opp eller ned på kursene.

Noen vil kjøpe 5m aksjer nå på 0,0671. får se hvor lenge den orderen står åpen

more than 8 million shares for buy above 0.067
Large hidden order to buy 0.0681 - 10

market games being played usually means a big bounce back

some one tried to remove 4 million block to reduce course but ignored hidden volume warning

How much selling volume is up to 0.07?

There ar times I wonder haw many shares ar in Zenith 2 billions or 20 ore 200 billions. The river of sales newer turns dry.

Big volume in UK atm

Svært lite som ligger ute for salg siste dager.
Mange holder.

At folk holder når er vel en blanding av at mange ikke har noe valg da beholdningen er blodrød og et håp om et løft. Vi krysser alt vi har for at vi til slutt skal ende i grønt😅

Omsetningen den siste tiden er lav og i hovedsak trading. De fleste (vil jeg tro) som har investert vet hva dette dreier seg om, og har nok god tid

Hvor ble det av hylekoret og de som satt 24/7 med negative vibber? Har de tatt turen videre til andre aksjer?

La oss håpe det.