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Zenith Energy Share Chat (ZEN)



Share Price: 3.20Bid: 3.10Ask: 3.30Change: 0.00 (0.00%)No Movement on Zenith Energy
Spread: 0.20Spread as %: 6.45%Open: 3.20High: 0.00Low: 0.00Yesterday’s Close: 3.20


Share Discussion for Zenith Energy


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meadow
Posts: 940
Opinion:No Opinion
Price:3.20
RE: BD-260
Today 10:17
Could be but they are very slow, last tweet update was on 16th April
https://twitter.com/zenithenergyltd/status/1118055702017335297
They started in end of March, so nearly a month now, ideally should be done now.
 
mls678
Posts: 83
Opinion:Strong Buy
Price:3.20
Days Ahead
Sun 12:43
Really looking forward to the week ahead. Come on Zen!
sellonnews
Posts: 5,009
Opinion:No Opinion
Price:3.20
BD-260
Sun 12:25
The rig could be up, if not running, by tomorrow.
.
.
meadow
Posts: 940
Opinion:No Opinion
Price:3.20
RE: Exclusive CEO Interview with Andrea
Sat 20:17
looks from interview that around 2 weeks to drill? if so then may be we will get a RNS somewhere in second week of May.
Alexios
Posts: 9,447
Opinion:No Opinion
Price:3.20
RE: RE : Muddy
Fri 04:44
ZEN own three rigs, one drilling rig and two workover rigs, big bonus
maestro1
Posts: 5,944
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE: RE : Muddy
Thu 16:37
Zen owns this rig is another positive.
Ezhik
Posts: 3,839
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE : Muddy
Thu 16:28
Yep. Price holding up is a positive, it looks better with a 3 instead of a 2. It is usually hammered at the first sign of anyone thinking about selling ! Will be a warmer, more cosy feeling at 5p once we battle though the flippers.

This rig is enormous, not quick to assemble/disassemble though. Getting across to the next well will be an epic unless they can put the whole thing on casters and wheel it across. :)
Mudstud
Posts: 609
Opinion:No Opinion
Price:3.20
RE: RE : Zen / bloe
Thu 15:53
Ezhik, Maybe we could get Zen and AC change names and see a 50% increase here also...lol..

But on plus side today seems to be a bit of selling and SP holding up so someone must be taking up the loose shares, once this consolidation over next leg up, need some more tweets and estimate percentage wise how the rig build is going..actually the last tweet showed some good progress..so keep updating..could still be spud before end of month.
gg40
Posts: 109
Opinion:No Opinion
Price:3.20
RE: RE: RE: ZEN
Thu 14:12
By the same metrics bloe stands at around 10, which is about right. The formula is in one of the research papers which i will try to find and post.
Ezhik
Posts: 3,839
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE : Zen / bloe
Thu 14:10
KB. Anywhere back towards 9-10p (money back) and I will be over the moon. Reaction over there has been a little muted based on what they have and might have. Its a tough market at the moment though and perhaps folk are away for Easter kids break etc. Conversely, I cant believe MXO today though. up 50% at one point on a name change and a 100-1 consolidation.
kelsbells
Posts: 1,217
Opinion:No Opinion
Price:3.20
Zen / bloe
Thu 13:58
It’s been very interesting seeing market reaction to bloe’s recent news, and I believe it gives a really good indication on where we will get to here on news. I think 500bopd from c-37 or c-30 getting us to 750bood will take us to circa 10p and hitting our ongoing 1,000bopd target at some point will take us somewhere around the 12-13p mark . Based on our current shares in issue...which coincidentally are similar to bloe’s
Ezhik
Posts: 3,839
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE: RE: ZEN
Thu 12:38
gg. I'm not that person. I am a mechanical engineering problem solving sort of person that spent 7 years drilling holes in the North Sea on a semi submersible drill rig, now teaching Health and Safety. It is a useless ability when trying to value a Company !!. I would re-check your formulae and go with what you have established as I cant tell you mate. I hope you are right and that we get to that pound party that AJ is looking forward to.
Ezhik
Posts: 3,839
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE: RE: ZEN
Thu 12:30
Muddy. Exactly. I mentioned it before on here when I was in one of those bad moods, it is of course a glass half empty view but nevertheless, possible. I don't have all the info in front of me but I have noticed that earlier estimates when there were others in control were different to the current estimate. It is in any case only an educated guess by so called experts paid by the company, therefore I don't hold huge value in it. Oil in the big tin on the ground is the best measure and $$ in the bank.
I also don't take much notice of the alleged 700 and 3000bbls reportedly produced from other wells. The Russians were willy wanging to allude to their power and control over oil production back in the day, so who knows if there is much left to recover. In theory there should be of course and it is why we are here. Pays your money etc. . Get the fishing rod out next visit home and make sure that Lada Niva Driver isn't sleeping on the job. ATB
Mudstud
Posts: 609
Opinion:No Opinion
Price:3.20
RE: RE: ZEN
Thu 10:54
Ezhik,

That is a good question what data was the P2 estimated on? the same flakey Russian data they said was dodgy..mmm
gg40
Posts: 109
Opinion:Strong Buy
Price:3.20
RE: RE: ZEN
Thu 10:51
Ezhik I want to run one of my calculations by your knowledgeable self.
When I first invested in ZEN I used the Enterprise Value:2p reserves ratio. At the current price it's 10.2/31 which is 0.33.
As I understand, the valuation for a producing oil company with decent reserves is about 20. Anything under 5 means the company is seriously undervalued. ZEN stands at 0.33. If oil starts pouring out at the C wells then we can look at a serious rerate. Are the metrics correct?
Ezhik
Posts: 3,839
Premium Chat Member
Opinion:No Opinion
Price:3.20
RE: ZEN
Thu 10:20
Get it to $1 per barrel then I would be happy and out.

I wonder upon what data was the 2p estimated?. On the plus side, it doesn't include anything for Zardab.
cyberiachas
Posts: 73
Opinion:No Opinion
Price:3.20
RE: ZEN
Thu 09:44
it should be in a normal situation, but here there has been a track record of long delays and not so far getting a drop out of the ground. If they can prove that they can get the first one working then hopefully the whole thing gets rerated closer to your yardstick.
fingers crossed this will be pretty soon now
ajbennett
Posts: 6,929
Opinion:No Opinion
Price:3.20
RE: Exclusive CEO Interview with Andrea
Thu 09:27
Be fair Mudstud, maybe he could work his magic on a second asset. Did he ever get his $100k back from the last attempt?
Mudstud
Posts: 609
Opinion:No Opinion
Price:3.20
RE: Exclusive CEO Interview with Andrea
Thu 09:18
la la la..usual mutterings from AC, biggest onshore oil field in AZ..B+ Rating..la la la then talking about acquisition again..Jesus wept..get the first one working first...
BurtonD
Posts: 278
Opinion:No Opinion
Price:3.05
Exclusive CEO Interview with Andrea
Thu 07:43
Bonnie Hughes caught up with Zenith Energy CEO after the recent financing update, whilst we had probed Andrea in our last review the operational prize was very much the focus of that interview. Given shares were trading within a shallow range of the proceeding placing we invited the companies CEO back into the studio to talk us through the business’s outlook for the next 6-12months to help investors better understand the steps Zenith intend to take.

Given the initial positive reaction from the market in the wake of a news-rich period, we hope that the below CEO interview shows a balanced overview of the company.

https://total-market-solutions.com/2019/04/18/zeniths-new-horizon/
Alexios
Posts: 9,447
Opinion:No Opinion
Price:3.20
ZEN
Wed 23:24
2P Reserves of 31.7million barrels of oil

Mcap £9M

That's 28p or $37cents per barrel of 2P Reserves

Ridiculous valuation

Should be $3.5-4/barrel for 2P Reserves
sankeys
Posts: 4,626
Opinion:No Opinion
Price:3.20
17m placing shares
Wed 18:40
How many were sold today? 3m? I haven't looked at trades since early April but I'm guessing there has been more.
Once the overhang is clear it should sail up to 5p easily with some spud news flow.
Resourcehunter
Posts: 1,324
Opinion:No Opinion
Price:3.20
Hold on a minute
Wed 15:55
31M P2 confirmed - $71 Urals per barrel. Market Cap @ £9M ;-))))) .... hilarious - Go figure. This truly is a potential transformational time .... get to it. And good luck! DYOR
Resourcehunter
Posts: 1,324
Opinion:No Opinion
Price:3.15
ZEN - How is the rig coming along
Wed 15:27
When do we envisage the RIG will be fully operational?? .... it’s been some time since the last deliveries???? ..... I would hope the drill bit will be turning before the end of April ... well here’s hoping ;-)))) ..... hopefully a hit will not only increase output per day but a further increase in reserves from the circa 31M (yes million for new investors) barrels confirmed ..... we know the oil is there ..... DYOR
SEA7
Posts: 3,275
Opinion:No Opinion
Price:3.15
RE: RE: RE: Brilliant rns
Wed 14:01
not that I am selling any - as we are about to drill.




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