Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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“ a financing RNS in July 10( £260k) and August 7 ( £600k). Both seem to be financing from Norway. ”
Doesn’t the Oslo listing have preference on voting?
Wasn’t it in the lse Admission state that Lse held stock can not call a vote to boot AC out?
a financing RNS in July 10( £260k) and August 7 ( £600k). Both seem to be financing from Norway.
The July one seemed to be curtains for this company (whats the point raising £260k), but ZEN has more than doubled the amount raised. So what bit of news triggered this interest , or gamble should I say
AJ its like looking up your ex on Facebook just cant help but have a look. Haha
It’s all bull just ex employers trying to get back at the company.
Fact is zenith are in a great spot right now. Covid has destroyed many small cap oilers on aim, whilst AC has secured Tunisian assets and tilapia.
Fact is once operations get underway zenith will add significant value to the share price. Really simple as that.
Wasn't it only a week or so ago we were being assured by another share pundit that he'd been on the phone to the ministry and they'd told him ZEN had the licence in the bag?
What next Zak Mir telling us he's had a tweet from the president?
Has anybody seen the "bombshell" letter? Presumably it is just a formal reminder that the original licence terminates on 18 July and an invitation for an application to renew, which has been submitted as per an RNS. I suspect business in this region depends more on who has the ear of the president and other senior politicians rather than being conducted via "bombshell" letters which come into the possession of subscription based stock commentators like TW.
"made *more* out of " apologies.
We know what you posted zen we read it thanks.
AC should have made the point more strongly this was an asset they only paid £200k for imho and made out of the other prospects ie Tunis.
Do agree he needs to deliver strongly on one though, sp's going nowhere til he does.
Secured - not according to AEI that i posted on 29/7.
From AEI 29/07/2020
'Zenith Energy not sole contender for Tilapia licence
Zenith Energy, which bought the former owner of the Tilapia licence, AAOG Congo, in May, is facing competition from seven other companies interested in the oil field, much to the ministry of hydrocarbons' delight as it hopes to raise the bidding.
The race is on for the renewal of the Tilapia licence, previously owned by AAOG Congo, after it expired on 18 July. Andrea Cattaneo, the director general of Canadian Zenith Energy, was able to work his way around Covid-19 flights restrictions and land in Brazzaville at the end of June. Zenith, which bought AAOG in May, wants to secure a 25-year renewal for Tilapia.
Why the buzz?
In mid-June, the Congolese director general of hydrocarbons Teresa Goma made it clear to Zenith that getting a renewal to the licence was not going to be a bed of roses and there were several other contestants in the running. According to our information, these include South African firm Sungu Sungu Petroleum, a pioneer in the shale gas industry in South Africa, and the Nigerian trader Index Petrolube Africa, which has no experience in exploration on the continent. Index Petrolube Africa unsuccessfully tried to acquire the Congolese fields Kombi, Likalala and Libondo II, later won by Perenco after a bitter battle against Total (Africa Intelligence, 23/04/20).
Another Nigerian firm, Atlantic L&D Group, would also like to pick up the Tilapia licence, as would SNPC chairman Denis Gokana's company Africa Oil and Gas Corp (AOGC). They are joined by Kontinent Congo, a subsidiary of the US-based, Kontinent. Kontinent Bongo is headed by Cameroonian national Yaya Moussa, former representative of the International Monetary Fund (IMF) in Brazzaville. Petronas' trading arm Petco, and the Russian state-owned Zarubezhneft, make up the last of the contenders interested in the licence.
Bidding up on tax
By making sure Zenith is aware that it is far from the only oil company interested in Tilapia, Goma is hoping to raise how much each firm is willing to put down for the award bonus, which starts at a minimum $5m. Profit oil, the amount shared between the operators and the state after deduction of development costs, will be split evenly between the state and the joint venture, as is often the case with Congolese oil contracts. '
Absolute rubbish. Unless posted in an rns it is all scaremongering.
Assets are secured and this will go up significantly once operations are underway.
More devastating allegations from sharephrophets today.
Why are Zenith Energy shares not suspended? Bombshell letter confirmed as genuine!
At no-one is watching O’Clock last night it was announced that Allenby Capital had agreed to act as Financial Adviser and Corporate broker to disgraced Zenith Energy (ZEN). I have confirmed that at the time of agreeing to act Allenby had not been made aware of the letter we published yesterday appearing to show that the company had lost its only asset on June 4 and not told anyone while it carried on raising money.
Again only posting for info!! How can he post this crap if there is no substance anyone?
Just posting for slice.. not a TW follower myself
Gary - nobody seems to be discussing your post re TW and the 4th June??
Surely the ZEN RNS of the 20th July has to be the factual??
Basically TW is saying Zenith lost Tilapia on 4th June going by some document he has received which he got his daughter to translate through her usual hangover.