Zenith Energy Share Chat (ZEN)

It's clearly a very exciting period for ZEN coming up, with two major potential positive share price catalyst for the company in H2 August that we know of:-

• Tues. 23rd. August: ZEN investor & analyst conference call, and updated corporate presentation.

• Wed. 31st. August: ZEN annual report (full year results for year end 31.3.22).

I also wouldn't be surprised if there's a positive ZEN RNS next week too, in the run up to the above.

And of course ZEN's final results will mark it emergence from the current close period, after which ZEN directors will be free to buy shares in the company.

ZEN CEO Andrea Cattaneo bought 39,029,728 ZEN shares at 0.825p/ share in January, an investment of about £322K.

"volume has been great..........does seem quite interesting this week the buying volume has increased dramatically.......whether there is substance behind only the Norwegians know..........dyor"

Investverysmart,

I would think that Norwegian investors should be very knowledgeable about the O&G sector, considering that it is their country's largest sector:-

"The industry plays a vital role in the Norwegian economy and the financing of the Norwegian welfare state. The oil and gas sector is Norway's largest measured in terms of value added, government revenues, investments and export value."

https://www.norskpetroleum.no/en/economy/governments-revenues/

Mls you were posting same scaremongering trades at 0.7. Now we’re 0.9 :) of course you disappeared when price rose

Oh my god £2k sell at 0.79 its doomsday. Lol pathetic.

Sell at 0.79 - crikey

This present market is dire ,the' glass is half empty merchants are in the driving seat at the mo.All the miserable barstewards - grate(sic).

volume has been great..........does seem quite interesting this week the buying volume has increased dramatically.......whether there is substance behind only the Norwegians know..........dyor

just had a top-up @ 0.85p
so Norway up 22% this week ??

Once again it’s up 3 days in a row.

During the year ended 31.3.21, ZEN had an average of 59 full time employees (see the company's annual report).

This is an indication of what a substantial, revenue-generating operation this company is.

And of how it likes to do things 'in house', cutting out the middle man, and saving money.

Which is looking a very shrewd move with the upturn in the O&G industry, with other companies struggling to buy in the operational personnel and equipment, and having to 'pay through the nose'.

Re the Tilapia licence area:-

"Licence Area Highlights
• Located in the Lower Republic of the Congo Basin, West African Atlantic Margin, extending from Gabon down to Angola, a prolific hydrocarbon region.
• 50 square kilometres, mainly offshore (less than 10m depth) – drilled from onshore.
• In close proximity to oil storage /processing infrastructure located in the nearby town of Pointe-Noire."

https://www.zenithenergy.ca/operations/republic-of-the-congo/

It's clearly very significant that the Tilapia licence area straddles onshore & offshore, as in this case this means that it can be drilled from onshore, which obviously has huge cost savings compared to offshore drilling.

In comparison, Afrenta's offshore acquisitions in Angolan waters will require expensive offshore drilling.

To illustrate the onshore/offshore difference: an onshore drill can cost as little as US$100,000; whereas a deepwater drill can cost US$100 million - i.e. up to a thousand times as much.

ZEN's management look to have played an absolute binder in picking up the Tilapia asset so cheaply, at the bottom of the market.

Which is not yet reflected in its share price.

"TRANSFORMATIONAL PRODUCTION, DEVELOPMENT AND EXPLORATION IN AFRICA AND EUROPE"

"INVESTMENT CASE

Our strategic ambition is to create value by pursuing transformational energy production opportunities in Africa and Europe through the development of proven assets, as well as performing low-risk exploration activities in assets with existing production."

https://www.zenithenergy.ca/

"Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in Tunisia, Italy and the Republic of Congo.

The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith’s strategic focus is on pursuing transformational opportunities in Africa and Europe through the development of proven revenue generating oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production.

The Board creates shareholder value by taking an opportunistic approach to asset acquisitions, targeting existing production projects to maximise their potential, whilst performing a comprehensively rigorous due diligence exercise to mitigate risk. "

https://www.zenithenergy.ca/about/

Nice close in Norway up 5% and ask up over 1

Something definitely leaky imo

They are at it on Twitter again. All sounds very bullish.

https://twitter.com/zenithenergyltd/status/1557317172590002177

"(1/2) #ZEN zooms into... Africa's energy supply ??
It is estimated that demand for #oil products in #Africa will grow by 1.4% CAGR by 2040, from 4.1 million BOPD today to approximately 5.3 million BOPD (source:
@McKinsey
)"

"Zenith Energy (LON:ZEN; OSE:ZENA)
@zenithenergyltd
·
4m
Replying to
@zenithenergyltd
and
@McKinsey
(2/2) #Zenith recognises the transformational #energy potential that #Africa holds and is diligently working towards, inter alia, the potential successful achievement of its business development objectives in the Republic of the Congo.

#ZEN #ZENA"

GLA DYOR

THE ELEVENTH HOUR PRINCIPLE:-

"COPIED FROM “BEING HAPPY” BY ANDREW MATTHEWS

In seeking goals, it is important to know about these “eleventh hours.”

Have you ever noticed in life that things can look really bleak just before a dramatic turn for the better? The businessman reports that just before he made his fortune, he was about to quit. Perhaps you have had the experience. Life is like that because there is a principle at work here – the ‘eleventh hour’ principle. it is always darkest and coldest just before the dawn. But if we hang on long enough, we will get our rewards.

If we look at childbirth, we see the principle in evidence also. Just before the most incredible gift of life, the mother-to-be has her patience truly tested and undergoes considerable pain and anguish. (My mother said it was all worth it.)

Once we recognize the eleventh hour for what it is, life loses a lot of its trauma. In effect, the universe often seems to be testing us to see if we are serious about attaining our goal. If we hang on that little bit longer….BINGO!

Once we realized what was happening, we can actually be one step ahead. When everything looks bleak, we can then tell ourselves, “So everything is going wrong! This could mean that everything that I have been striving for is just around the corner.” Then we should feel better.

We will generally be tested in some way before achieving something of value. If we can pick the eleventh hour for what it is; and treat any difficulties as a necessary part of the process of achievement, then, firstly we won’t be quitters, and secondly, we will achieve whatever we desire in life.

Don’t be fooled. The eleventh hour is usually an impostor. When everything looks black, it could be time to celebrate. You may be nearly home."

https://10vantagepoint.wordpress.com/2010/08/25/eleventh-hour-principle/

LSE % Gainers Top Lists
EPIC Name %
AET Afentra +77%

Today's top riser is Afentra (AET), and O&G company operating in Africa.

AET has shot up 77%, to a market cap. of £56M., on progress on the acquisition of a pair of African interests.

The same could happen to ZEN on progress on its Tilapia licence in Africa.

Up 5% again today

0.99

Something is coming as buying usually starts first in Oslo

The magical '1 trade' says it all. :)

Looks like something big on it’s way

Mls lots of of those reported sells were buys :)

Come in zenith show us the money

0.8-0.9 holding very nicely.

Any snippet of good news and we should smash 1p for good.

Investor call in a fortnight,time for you to compose and submit any questions to management .

Looks like quite a few sells gone through today - including one at 0.77p!!!!
Need some meaningful news soon from Zen. Please management!!!!

Just came across this. Nice to see #Zen get a mention.

https://edition.cnn.com/2022/08/01/energy/gas-fields-europe-energy-crisis-russia/index.html

"Some of these gas projects could increase energy supplies for Europe this winter in case Russian President Vladimir Putin turns off flows from Russia.
Canada's Zenith Energy, which said last month it's reactivating a well in northeast Italy that will yield 1,300 cubic meters of gas per day, expects production to commence between October and December.
Luca Benedetto, the chief financial officer, said in a statement that the decision was made "in the context of the increasing necessity for European domestic energy security and a highly encouraging pricing climate."
Others won't launch for some time. Shell estimates that the Jackdaw gas field in the UK's North Sea will come online "in the mid-2020s." A floating terminal that can store and regasify LNG, which was recently purchased by Italian gas infrastructure operator Snam and will be installed near the coast of Ravenna, won't begin operations until the second half of 2024.
"

The fact we are 0.9 before any of the good news means the rise will be even higher.