Nej jeg er fuldt lastet med aktier

It's not negative signal anyway.

Mht inside køb tror jeg ikke der er noget galt hvis fader AC trækker en fed Goofer op af hatten og kommer med en slags “finalizing” melding på Yemen.

Der står jo sort på hvidt i melding fra Jan 3:

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is pleased to announce that a company in which it holds a 49% interest, Zenith Energy Netherlands B.V. (“Zenith Netherlands”) has entered into a share purchase agreement (“SPA”) with OMV Exploration and Production GmbH (“OMV” or the “Seller”) to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH (collectively “OMV Yemen”), which are all companies incorporated and existing under the laws of Austria.

Alle har jo haft næsten 2 måneder til at købe aktier på denne nyhed, at der er rygter fra en eller flere embedsmænd der mener de har fået for lidt i den brune kuvert er jo en anden sag.

Det koster å blidgjøre myndighetene i Yemen.. :) hehe

Ene Twitter profilen skrev i går eller søndag ved spørsmål om Zenith/OMV-avtalen er godkjent nå; «not yet».
(Profilen som slapp rykter før det ble kjent)
Så da virker det som at de jobber med saken fortsatt.

Selvsagt aldri positivt med private placement. Selskapet har hatt mange emisjoner så lenge jeg har kjent selskapet. De har aldri å jeg gjentar aldri latt vanlige aksjonærer være med på emisjon. Det er svært spesielt da private placements skal være unntaket ikke regelen. For de av dere som sier at det er for dyrt å la vannlige aksjonærer bli med på emisjon. Nei det trenger ikke å være nevneverdig dyrere om de sa "de av eksisterende aksjonærer som vil delta kan sende mail til advokat x.x", så enkelt kunne man gjort det å det hadde vært et snev av tillit.

Jeg registrerer at mange mener at dette betyr at Benin er rett rundt hjørne. Jeg kan bare minne om alle emisjonene som var i selskapet rett etter Tilapia ble kjent. Vet ikke hvor mange millioner dollar de hentet for å "forhandle" med Kongolesiske myndigheter. Men det er litt artig for det var akkurat samme stemningen på forumet da som nå, "dette er rett rundt hjørne, de henter ikke penger på gøy", da også deltok AC flittig i emisjonene.

Jeg sier ikke dette for å strø salt i sårene på noen, bare for å minne litt om historikken slik man kan ta det med i vurderingen iallfall. Lett å bli fartsblind.

Jeg fikk rett, visste at dette ikke ble godt mottatt. Ned i åpningen kunne enhver forutse, nå gjenstår det å se om nervene holder og isen i magen ikke smelter.

Det er algoen som prøver å få folk til å dumpe. Nå skal man kjøpe og Ikke selge.

Anyone remember AC mentioned Egypt and one more alliance announced in last January.
Keep in mind in coming days.

Hva skjer hvis myndighetene godkjenner nå innen kort tid med tanke på 14 dagers regelen? Usikker om det er andre regler for Euronext Growth. Avventer godkjenning, dette er jo allerede børsmeldt.

Dette er morsomt. Ledelsen laster med begge hender....å så driver folk og selger ?? Det er jo tydelig at Benin og Yemen er rett rundt hjørnet.

There is no new info so we can't say insider trading

Helt riktig LW

Først få landet Yemen, så Benin, så eventuelt noe annet. Det blir for spredt fokus.. og ender i ingenting! For å lande avtalene kreves det 100% oppfølging & håndtering.

Du får jo kjøpt til samme pris. Det var nada rabatt.. men bli ikke overrasket om dette går veien nå. Dette er nok muligheten vi har ventet på, mye større enn Tilapia

If there is no news, how can they write?:
Additional funding for the development of Zenith's Tunisian oil
As the licenses for SLK and EZZ have expired and no renewal has been notified. Then the conclusion must be that there is nothing new about these SLK and EZZ, and thus no one knows whether these have been renewed or not.

Additional funding for the development of Zenith's Tunisian oil then means that they will work with El Bibane or Robban. If not, then it is insider trading, or , Additional funding for the development of Zenith's Tunisian oil is a lie.

Nor can they sit around negotiating an agreement that is make or break, and at the same time make an share offering where only they themselves can buy. On top of this, no one is informed that there are capital needs.

this money collected to give following message
1) Tunisia with Zenith
2) management believe in company
3) Yemen process is going on despite oil ministry denial
------------------------------------------------------------------------------------
SLK is expired EZZ is not so company will explain where they require money ROB 1 or EBB or EZZ.
Everyone knows Benin PSC is going on time based 90 days.
Yemen is approval is going on so they taking people from OMV for transitions phase.

Hvem hadde trodd at det var mulig på kjøpe under 0,0700 med en oljepris på 83 doller pluss Yemen og Benin på vei inn? Var ikke prod kost i Yemen kun 23 dollar?

https://www.brrmedia.co.uk/broadcasts-embed/63fce1e93f4b98530b612ecf/zenith-energy-company-update/?popup=true

Oppdatering med AC publisert nå!

Yemen is very good deal comes on Zenith portfolio with instant cash flow .......... so wait for announcement hold don't sell but also don't buy above 0.1 until final announcement

Viking.

Men det kan vel ikke komme en avklaring her med det første uansett..? (Ref. Emi/innsidehandel)

New field in Congo .......look like announcement after final approval. 30 field approve in parliament August and Sep announcement in every govt meeting going on.

Mener du at de 30 lisensene ble godkjent august/september 2022, og venter vedtak/«final approval»? Og Zenith har inngått avtale på en av disse?
(Har ikke rukket å se hele videoen av AC enda)

Foreslår noen sjekker opp Benin nøye. Ledelsen har kjøpt seg opp voldsomt og håper på en kraftig boost i aksjen nå og veldig raskt, og før det kommet enda en dårlig nyhet. Antar aksjen vil gå til ca kr 0.11 nå (tilsvarer ca 60% kurstigning) , og så selger de seg ut gradvis, før slipp av neste dårlige nyhet er jeg redd for. Disse gutta taper aldri, alt er carefully planlagt ser det ut til. Har ikke Zenith aksjer lenger, men vurderer å gå inn igjen, men liker ikke alt jeg ser.

here after 3,00 min

Man kan jo nøgternt konstatere at den hyggesnak som sædvanlig ikke er gavnlig for prisen på aktien, ikke godt nok fader AC, kom med håndfaste aftaler ellers går dette til helvede

buy with both hands upto 0.08 until news come.

1) management wants to buy pre-schedule before 31 march, so they increase percentage. due to Tilapia news they got cheap.
2) Tilapia went of hand last announcement ( remember IPA wording in govt announcement ). New field in negotiation but will announce after final approval (expecting in coming days as 30 field approved by parliament and announcing in every meeting )
3) Yemen will be changer worth $100 million field got in $21 million.
4) Italy going according to plan.

if not interested sell and get out. Don't spread negativity here to buy cheap.

Ville være dumt at dumpe 15M aktier i dag, hvor langt ned vil vi ende🤣🤣🤣🤣

Købte iøvrigt lidt til 0,0685

Ja hvor er de millionene som ble hentet til denne fiaskoen, til alle dere som liksom har hodet på rette plass og er fornuftige, har dere glemt Tilapia 2? Må si jeg taff godt da jeg mente vi hadde ventet lenge nok på Tilapia 2 og at det hele var korrupt og gjennomsyret av kameraderi mm. Det er veeeeeeeeeeeeeeldig lite å høre om hva som skjer med de andre utviklings operasjonene/ feltene som er i utvikling. Hva skjer av utvikling ang. flere borede brønner og dagsproduksjonen, hvor mye olje er solgt og hva er utsiktene . Her foregår det altså samtaler som koster mill på mill, å være i samtaler koster normalt ingenting annet en en advokat og reiseutgifter samt lokaler som selgerne kansje holder. Når Tillapia 2 ikke er i boken lenger, så må jo det ha frigitt mange mill. til andre prosjekt. Ikke et ord om det, hvor blir det av alle millene?????????????????. Men innside kjøp er en regel her , huff huff dette er verre en jeg egentlig vil tro. Så vil en ikke ta inn over seg hele historien ang. Zenith, ja så ser en heller ikke noe galt med selskapet. Det er ingen grunn til å stole på ledelsen. Kursen kan ikke heves før en får tillit ledelsen, og den er nesten ikke eksisterende lenger. Så er de i forhandlinger og kjøper i bøtter og spann uten at aksjonærene er innvolvert, synes dere dette lukter tillit???????

bought more 10 million around 0.068 to 0.07 from yesterday. Benin and Zenith will give rise upto kr 0.5 in coming months after neglecting SLK and EZZ.

Why management will buy until they believe in company. One big deal like Yemen all will change. Tilapia 2 is really disappointing but money will come in account either in cash or in terms of new field. $200k same money they lost in Tunisia in SLK with KUFPEC.

Perfect buying opportunity, all it takes is Benin or Yemen sealed and the price will double. Right now we’re at bottom and perfect entry to lower the average down or buy in.

Jeg er helt ligeglad med at AC køber aktier - det jeg ikke er ligeglad med er at firmaet pengemand køber aktier, det kan nemlig tyde på noget meget positivt -

Mr. Luca Benedetto, Chief Financial Officer of Zenith has subscribed for 27,726,716 common shares of no-par value in the capital of the Company in connection with the Norwegian Financing.

Aqualight 🇩🇰🇳🇴

This info gives bottom to fall one more important thing here is Congo still on card with another field but it will not be cheap as Tilapia sure. Smelling some deal at last moment with government as president assured as per AC.

Det kan du selvsagt si, du gjengir jo bare det jeg sier på en mer krass måte. Vi er jo på mange måter enige, så jeg skjønner ikke helt om du stiller et spørsmål nå? Jeg solgte meg for ordens skyld ut av Zenith ifjor, glad for det. Det er ikke bra at ledelsen kjører private placement kontra enn emisjon som omfavner alle aksjonærene, de har hatt mer en nok tid til det. De har for ordent skyld aldri kjørt en inkluderende emisjon noe som bryter likebehandlingsprinsippene børsen oppererer med, i så måte tror jeg at det er godt belegg for å hevde at dette er et av de minst aksjonærvennlige selskapene jeg kjenner til.

3 large hidden volume around 0.0675 to 0.0680...........about 15 million shares to buy
expecting large selling pressure

Hi viking hope you are correct about news will come.
I already have 15.0 m Zenith stock now.
Will not buy more.🏦💵

don't buy and sell .

There is 90 days target to complete Benin PSC so expecting news about mid April or before from Benin. Also Yemen will not take much time like Congo as 9 month deadline is there to complete the deal but with the speed its happening in Yemen we will receive confirmation before summer. expecting same with Congo too with other field within May we will receive news as parliament approve 30 field in last August.

From ACs interview it’s clear that Yemen and Benin are close to be accomplished. Glad we’re not doing Tilapia, Yemen will produce 2000 barrels of oil per day to zenith exclusively and he said will double in production after a year.

Geologist also write in December S2 field is worth $100million. we got 3 field in 21 million.

😮hey don't say banana republic,I m preparing my application for the next election in banana republic, damn I mean just replace.
Who knows, I mey wine, everything is possible this days.😊🤭

I see this italian habla-habla clown AC is feeding you all with new adventures..
God all mighty, let the boss himself not fool you all again!

As many of you know I am fond of writing up a transcript of any Zenith interviews in order that I can quickly refer to what has been said in the future and do not miss any key point that are made. I have now done this with today’s interview (it takes a while).

These are the key points IMO

1) The company is still negotiating for new assets in Congo. The are not pursuing the SNPC debt at the moment because they hope to use this money as leverage in these agreements.

I am not sure how I feel about this tbh. I think that Zenith have been completely screwed over by the Congolese with Tilapia and at the moment I would be happier just to leave the country and sue them for the cash. But I guess if we get a good asset then that might be better. However, I definitely reserve judgement on this one.


2) SMP money – company is confident in a good result and are claiming $9 million. The court case is advanced.

3) Yemen is a huge assets (as I have been saying) that would have cost $100+ million if it was in a safer jurisdiction as opposed to the $21 million that is the price in Yemen. If we get the asset it would immediately produce 2,000 bopd net to Zenith with the potential of this doubling as OMV have not drilled any new wells for 10 years.. We would use our own rig to drill there.

4) Benin became attractive because of then CNPC building a terminal just 3kn away from the Seme field. They are able to bring in lots of offshore technical expertise and equipment for neighbouring Nigeria.

5) The intend to appoint one Norwegian and one Brit to the board. One will be a woman.

6) They are going to try and acquire new gas licenses in Italy. The field revamp is awaiting various governmental approvals.

7) The fundraising had been strategically planned for before the financial year end. They were pleased that existing institutional investors re-invested and think that this shows the potential of the company especially from the current share price.

8) They have learned the lesson from Tilapia and intend to always have several acquisitions on the go aiming for an overall success rate of 50-60%. They (and we) have to accept that not all deals will be successfully completed but they will keep bringing new ones to the table.

Transcript to follow
The company recently announced some disappointing news on the Tilapia license in the Republic of Congo. Could you provide an overview of what happened there?

I am please to do this clarification because the damage that this news brought to the stock price has been quite large and our feelings inside the company is that this is one of the possibilities when you deal in emerging markets – their perception and way of doing thing. This is something that has been badly received by investors as Tilapia was an asset we inherited from AAOG in a deal that we made very cheaply £200,000 which it cost us to take the license (which ran for a few months) the credit owed by SNPC and the legal case against SMP. It was a very good deal that let us enter into Congo where we still think we have a future. We will be much more cautious in future about announcing deals before they have the final seal of the Parliament but we are still there and we are still in negotiations and the government understands what has happened to us because of the choice taken to give it (Tilapia) to someone else. The reasons that this happened are mysterious and are the secrets of the country’s internal cuisine (??). Ourselves we are proud to have done the maximum. I stayed in the country for two months and negotiated with great effort and we will have other opportunities. I insist that shareholders understand that I got the guarantees that I presented to shareholders from the highest level in the country. I did not misinform, I did not misrepresent, I got it from the top of the country and then I told it to the shareholders. They then let us down but we are going on in the country with patience and understanding that this is the environment.


What is the plan for the recovery of funds from the SNPC and the SMP. How much would this come to and do you think that there is a realistic chance of receiving this?

The credit from the SNPC (the national oil company of the country) has the advantage of being part of the state so they can never go bust and this money is certainly recoverable. How and when is the question. Because we are continuing negotiating additional fields in Congo our negotiations will be diplomatic and firm but polite because we can have the use of this credit for other purposes while gaining new licenses. It is a completely different story with the SMP which is a commercial relationship with a company that badly performed for our predecessor AAOG and caused to them tremendous damage. We should remember that AAOG PLC shareholders invested more than £28 million in this venture and so we are firm to recover this wrongdoing which now amounts to $9 million American dollars. The court case is very advanced over four years and so we are convinced that something good will come out of the decision of the Paris court. Paris is aiming to become an international court system and so their equality towards even a French defender such as Bordeaux company SMP is, in my opinion, assured.

So lets move on and talk about your latest exciting opportunities for acquisitions in Yemen and Benin

I was very distressed that people selling their shares because of Tilapia did not consider the importance of the Yemen and Benin cases. Analysing them, Yemen is indeed a complicated country in terms of politics at the moment. Hence the difficulty of getting the final approval (of the asset acquisition) swiftly. This is still in the course of being obtained, but we should remember that Yemen would be the biggest producer in the company with more than 2,000 barrels per day net to Zenith. With our drilling rig transported there then we will have the ability to increase production possibly two times. OMV for various strategic decisions has not drilled a well there for the last ten years so our arrival with our ZEN260 deep drilling rig would permit the development of this production. Then of course, a field like the Yemen one in Nigeria or Egypt, a territory that is less controversial, would have cost Zenith more than $100 million to buy. Our plan is to buy a license that is highly producing but in a controversial country so that the price is greatly reduced.

The case of Benin is different. We have a long-standing relationship with CNPC who we bought some properties from in North Africa (Tunisia) and CNPC is now the cause of the Benin’s reconversion to oil. The new CNPC pipeline that is coming from Niger and running through the whole of Benin to arrive in a place that is 3km away from the base of Seme 1. When we learned that in Feb/March 2022 we recontacted our partners in the region, visited the government and participated in the tender which we announced in April. We then became the exclusivity holder for the period necessary to complete the PSA. This is what we are doing at the moment. We are also bringing in technical partners who we are forging a relationship with because this is only our second offshore experience. We have gone for shallow waters and there are these advantages: there is a terminal for oil 3km away; a flow of ships going in and out toward China and other places; there is also great technical competence available from Nigeria because Nigeria, which is near the border with Benin has a terrible petroleum crisis and so lots of activity is suspended: (a) for the elections and (b) because the amount of theft from local pipelines by gangsters have increased to 12% of national production. So there is a stalled situation in Nigeria. A lot of equipment is not used and a lot of technicians are not working, so they are available for our Benin operation.

With your development plans in place tell us a bit about your management team and the board that you have in place.

The management team continues to grow as any time that me make an acquisition, for example Yemen or Benin, we will acquire a lot of managers from the previous company that we have taken over. In Benin it will be more interesting as it is a country that is not at the moment producing oil so we are bringing in additional technicians that we are associated with who are familiar with these kind of platforms and have the ability to manage all the security and processes of offshore.

With respect to the board of Zenith at the moment it does not contain any women so for good governance we are looking for a lady to appoint to our board to, in due course, have the right percentages between genders. This will possibly include somebody from Norway which is our biggest market in terms of volume and somebody from London. So we are looking for two additional candidates.

You announced in December plans to develop Zenith’s Italian gas production portfolio. Tell us about the developments here

We should first have a resume of what has happened in our gas activity in the last ten years. Zenith purchased from Meditraaneo oil and gas, then a PLC in London, all of the activity onshore and then we started producing. The last ten years before Dec 2020 were satisfactory but not very exciting because the price of gas was very low. There was a tremendous amount of gas in Canada and the USA which they could not easily export because gas is not easy to transport across oceans. And Europe was supplied by Russian gas. Then the resumption of consumption of gas and electricity after covid brought a good rise in the price which made us very profitable. Then the Russian Ukrainian invasion made the gas price skyrocket to $300 so that made our Italian operations very exciting and making a fantastic profit because the operational margins are enormous and the operational costs are low. So we obviously immediately put in motion the activity to revamp additional fields and to purchase additional fields. The revamping, as announced, is already in progress. The only thing is that in Italy there are a variety of local and regional and provincial and governmental steps before opening the wellheads. This is the only reason for the delay but we hope that this will happen soon.

The government, who sees that we are only producing in Italy 10% of the gas the we produced 10 years ago is, of course, trying to shortcut the process and to make it easier to produce gas but these changes in an environmentally conscious country like Italy are not very quick to happen. Nevertheless we believe that the price of gas going down and the supertax for extra profits on hydrocarbons having been levied in Italy at the end of 2022 and charged this month to foreign operators means that a variety of foreign operators may rethink their enthusiastic approach to gas production in Italy and so we will have more opportunities to buy gas assets there. We have been in Italy for 10 years and we plan to stay long into the future and so we may acquire other fields and steadily make a nice income and a nice net revenue.

Andrea tell us also about the fundraising that you have recently completed.

We have strategically planned for a while to do something before the end of our financial year which is 31st March 2023. It is sad that this period of lower share price came but we carried out the exercise and it was comforting to see that two institutions that were already in our shareholder list have continued to invest. The one most known to our shareholders is the fund Premier Miton and this showed the confidence and even the additional attraction that the lower share price has given to these long-term investors for investing in Zenith.


What can we expect to hear next from Zenith?

Our policy has adapted with the case of assets like Tilapia because of two factors. One, the great mortality of deals as governments change and ministers change and an agreement that you have made with one individual is not followed by their successor. So there is a variety of casualties that happen. Investors often remain very puzzled by this but it is statistical and it is constant and little Zenith will not change this by ourselves. It is a worldwide trend of governments.

The cure for this is to have many many transactions (in play at any one time) so that a proportion of them, say 50-60%, will end up being completed. This means that the newsflow for Zenith will be to bring additional opportunities to our portfolio which may take time to be completed but in the meantime I will assure our investors that we will always have a sound portfolio supporting our share price.

Thank you very much, MGS.

Your time and effort is highly appreciated.

to buy 20 million around 0.0675 to 0.0682 and sell order 5 million upto 0.07
0.0682 - 5T 2 million to buy
one leak from Yemen ....price could climb kr 0.2 in minutes.

Jeg hørte på interjuvet ...Jeg syntes ikke Don AC virket komfortabel ...
Hadde journalisten blitt nektet å stille spørsmål om Tunisia ?

>> great mortality of deals as governments change and ministers change <<
Congo & Tunisia i ett nøtteskall ???

<< changes in an environmentally conscious country like Italy are not very quick to happen. >>
Kjedelig men parkert inntil vidre ..... med mindre regjeringen i Roma skjærer igjenom ....

Don AC ... say 50-60%, will end up being completed.
Ikke ulikt roulette