London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Seriously, forget about the USA.
Buying royalty interests isn't going to make any serious money for investors or the company. PIs would be far better off putting their money in an oil and gas royalty fund.
Begs the question why did Zenith buy CYAP at all and not just buy the royalty interests directly. Strange they pulled out of the much hyped three number other US acquisitions just 8 days after AC and Co lost the Reabold vote and now resorting to royalties.
They haven't even given any detail on the first royalty interest on either cost or revenue generation from almost 2 months ago which in all honesty is quite incredible towards investors.
Paul unfortunately that’s the nature of the game where there’s risk there’s huge reward and vice versus low risk high reward. But since Ac has offset that risk with projects in USA and Kazakhstan which are much safer particularly USA. The uk markets are generally very poor at the moment which is the main reason the price has drifted all my other stocks have tanked across the board even ones that have had good news. The crypto market has picked back up which hasn’t helped. I do believe this is a short term thing and money should be coming back to the uk market in several months. Also from what I remember Ac said in his interview that by spring we should know the result of the Tunisia court results.
' It’s also known to have own if the most corrupt governments on the planet with god knows how many changes of leaders in the last 10 years.'
Got to question the judgement of looking to engage in activity in that country, Africa is a funny continent to do oil business in.
Ok if they didn’t screw us over what do you think zenith did that ruined the deal then? Just a reminder the courts also keep issuing fines to the Tunisians also for delaying and not adhering to rules. It’s also known to have own if the most corrupt governments on the planet with god knows how many changes of leaders in the last 10 years. Tbh I would rather get a 50-100m payout than have zenith work in a corrupt environment for the future when overnight they can seize your site and withhold your oil with no explanation given.
' But I am very confident and actually pleased with how the company reacted to the Tunisian government screwing us over.'
But did they though, did we somehow acquire fields that we should not have done. Look what happened in Yemen where we deemed not big enough operators, I'd just be interested to know their side. There had been political unrest there so maybe other reasons to and we were treated harshly.
Paul1deano what if the world ends tomorrow? What if we get hit by lightning?
That’s what investment is you take your chance on your own research whether you agree with fellow investors or not. If you don’t believe we are going to get tens of millions payout from Tunisia and Congo then simply sell out. If you don’t think we will get Kazakhstan then sell out. All the company can do is update us as to when there is news, whether good or bad. Until we hear either one we have to invest on our own research, gut and affordability.
I will be the first to agree if we don’t get at least £10-15m in 2024 from either Tunisia or Congo will not be good for us going forward as we need capital to get things going in Kazakhstan and the USA. But I am very confident and actually pleased with how the company reacted to the Tunisian government screwing us over.
If you notice all the uk small cap oilers and gas companies have dropped significantly and it isn’t just us. It’s literally 99% of all small cap companies on aim and LSE the market is just terrible in general which hasn’t helped us one bit.
I am still confident eventually we will get that big rise that will get us back to 15-20p within a year and then investors can reassess whether to stay invested or not. My average is still very low though at a loss and if I sell at 20p I’ll be making a huge profit.
'once we get the Tunisia and Congo legal win as well as Kazakhstan deal signed the price will multibag even with a sh**** market.'
What if we fail on all three fronts?
It would seem Congo is a certainty, we are yet to hear the Tunisian case for their defence and we have had no X pics of the drill rig being set up in Kazakhstan. So it is back to the good Ol' USA.
I'm annoyed with myself for continuing to invest here after the Azerbaijan episode, the cuisine has never been served to a satisfactory standard and it is taking far too long.
Flashgarden considering you have no investment here don’t you think you should seek some psychiatric help that after 4/5 years you’re still posting on a stock with no investment in and focusing your energy on me?
The whole uk market is popped all the uk stocks are down because the market is screwed, Angus energy, ukog, rkh etc the list goes on. Has nothing to do with fundamentals it’s all to do with the markets and once we get the Tunisia and Congo legal win as well as Kazakhstan deal signed the price will multibag even with a sh**** market.
Instead of focusing your energies on to me try focus on yourself and other investments sad case.
Here is some advice, next time you walk up to those girls in the bar, wearing your fake rolex, silk cravate and designer toupe and they say 'get away from us creep' , it doesnt mean they want to go out with you.
You just cant stop making predictions can you. And not a 'hopefully' or 'IMO' in sight. Your track record is dire. You have never been able to call the bottom. You have built up a record of failing to call it. And still you keep on spouting your self righteous ego centric wannabe guru drivel. You even interpret someone criticising you (which I do for everyone elses benefit - not yours) as evidence of them being 'obsessed' with you. Delusional.
Flashgarden you still obsessed with me? 4 years on can’t be healthy. Maybe get some help?
2.5-3p isn’t far off this is bottom, and we have had every possible bad news come our way. Once we get some of our money owed from Tunisia and Congo the price will go back to 15-20p alone.
Nothing is valued in at this current price.
'Guys the bottom reached 2 weeks ago and now 3-3.5 will be the holding price until there is good news. All the sellers have sold all bad news out of the way and a whiff of good news and the price will go straight back up from here.' TYB 6th NOV. just a quote. no opinion. just a quote.
Https://www.upstreamonline.com/exploration/kazakhstan-looking-for-drilling-success-to-rekindle-investor-interest-in-oil/2-1-1606630
Shouldn’t be far off
My thoughts on the Tunisian court case have twice been taken down, hmmm!
Over 6% down on 37 quid sale ,the word fraud comes to mind.
Positive rns just released:-)
You should hear what he thinks of you.
Mis ... glass always half empty as usual.
CITM you say “the outlook for for Zenith seems pretty good to me”
The share price is bouncing off all time lows though
Trust seems very lacking
The outlook for for Zenith seems pretty good to me. They have the Kazakhstan deal still in progress that looks like it will be massive for the company. Obviously they still have to get it over the line, but they have been pretty clear that this will be funded via debt and that is in the process of being raised by the bonds. When you add in the arbitrations and court cases totalling about $150 million then the share price looks a steal.
If we think we have it bad thank god we are not UKOG....................at least we many exciting landmarks ahead of us which will increase the share price............dyor
The price ain’t great at the moment but none of the fundamentals have changed. The sells and buys are tiny so the drop is not people selling just mms playing around with the 2.5-3.5 territory making their profit and wiping out investors. Kazakhstan is still very much on unless told otherwise. And we still have a tonne of money owned to us from Tunisia and Congo. Personally my cash is tied up till mid March if we are same price or lower then I will be putting in another £20k. Eventually AC will want to cash out and it will have to be above multiples of the current price though I can understand why investors are tired of waiting. But this will flip with a switch along with the share price when we least expect it.
'· A second tranche in the amount of US$1.8 million will be payable on the completion of a satisfactory legal and technical due diligence by Zenith 60 days from the date of signing the Conditional Acquisition (the "Exclusivity"), and the receipt of all necessary regulatory approvals in the Republic of Kazakhstan ("Completion").'
I guess waiting for the necessary regulatory approvals may take longer than 60 days. But the word Soviet era in the RNS has my nerves in a spin after Azerbaijan.
Financial institutions pulling out of financing fossil fuel extraction to.
We are done for, the Western world is going to become a Mad Max / Hunger Games society, its coming!
Share price at record low, no bonds confirmed, no money. 7 days past Mou cut off and no means to pay. Need positive news urgently.