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How much debt needs refinancing in 2024?
It only makes us money if it raises the SP or gets paid to us in a dividend.
Is investing in an oiler that makes money from litigation from failing to produce oil realistically a viable option?
The people in the West have become too foolish by climate change ideology!
Once we get paid the Italian stallions tactics would have made us more money than drilling in both Congo and Tunisia for a years. $154m dollars within a year is an even better result than I would have ever expected.
'AC's tactics of just sue the r's out of everyone might just be better than trying to produce anything !. '
Even that will not raise the SP, need to do some solar farm investing maybe which will make zero profit.
Just market ourselves as being a transitional energy supplier, make the money off the 'black stuff' and the gullible public are buying for the solar panel story.
Deano. You are right about the appetite for fossil fuels, O&G companies are getting good results from drilling and production with almost zero or sometimes negative reactions to the SP. AC's tactics of just sue the r's out of everyone might just be better than trying to produce anything !. AXL for example has had a great 12m, is producing 2300bbls a day, soon to increase to around 3000 and has a mcap of just £50m and the SP is going backwards. Dead duck in the water.
Who am I kidding, you’re right, 30p coming :)
@50PFlorida,
Come this NYE it will have been 12mths without alcohol and I don't smoke the green!
Anyhow on the positive side the ducks have started to line up for us but the appetite to invest in fossil fuels has diminished since the pandemic. There is an ideological war in place right now and a demand for more and more energy.
So for Zenith or for any oil producer, at some point their market cap will exceed where there SP is at, now this will be interesting to see what happens.
EarlofAim - TYB means well but forgets he is the most enthusiastic investor on this thread. So, I like enthusiasm, more of it please.
And for your information, Paul1Deano is a bit like our lucky mascot, talks gibberish most of the time, but we all know he's on the whacky backy. I suppose every thread has one, so we just accept him or her and smile.
quantumstar - welcome aboard and hope you invest. you asked a question that in all honesty would have been the same question i would have asked if i was considering investing for the first time. courts in general are a slow processes, as we have recently experienced with smp. this was a company that ****ed up drilling a well in the congo and cost the company $20m and sent them broke. our intrepid leader ac picked up at that point and promptly bought the company and the rights to the licence for $200,000. before this masterful deal was struck aaog (a british company) took out a claim in court against smp, this was 4.5 years ago and we are only now about to reap the benefits of that $9m claim, due to be concluded in march, it is said, unless of course a deal is struck before hand. so you are right on that point, it certainly takes a while. however, the big money is not in the high court in paris, it is the icci arbitration in washington. a different animal entirely. two significant claims of $48m and $85m. these are said to be running together and were initiated in june this year. from what i can gather, the average time to conclude an arbitration is around 18months, and the likelihood of a settlement is normally far higher in arbitration than in the high court. so you see my point, maybe not such a long drawn out deal as you expected.
Davy50
you wanted proof of my holdings, and I posted online
now stop crying...... stop getting annoyed at others success.
I don't like sharing my portfolio to others, you seem to dying to know.
don't worry you'll see me on Dailly mail once I make £10m
@davey50 there is a long way to go before this SP moves,
did you watch QT last night, the general public are treating fossil fuels like a virus so the uptake will not be there
Davy50
my lucky charm, ZEN will bag and bag
it's like a spring coil.......
I can wait on ZEN, don't you worry
Heads to the left hey Florida,
https://ibb.co/yPCxr7d
Earl I cannot be bothered again to argue with you. You can pretend to have ten baggers all your life but we
all know you jump in and out for 5-10% end of..infact back to filter
Davy50
posted on twitter just for you
Quantumstar
welcome bud, we all have different strategies to buy stocks n shares.
some buy and hold quitely, some make noises, some posts valuable information like myself, Takeyourbets, Florida and many.
BTW I made money on AIM by getting heads up from bb posters and twitters.
and ofcourse my own research.
yes not all can wait for longer term, but that's each own strength and weakness I guess.
all the best
Florida, thanks for the links
Actually ggp was the only company I did 10 bagger without slicing any profits, that's the only one, rest did slice along the way
Davy50 my lucky charm
recently EEE done 10 bagger, 0.9p my buys now 10p
ptal - petrotal done 10 bagger plus
ggp did 10 bagger, now holding 400% sold the rest
davey50 I'll post on twitter so you can see my other holdings
Earl chill a bit please I’m happy you’re positive but it’s just coming across as forced. The price will rise when the time is right all the puzzle coming together but it’s not an overnight thing. Let’s get our 5p by Christmas first then take it from there into 2024.
I wonder how many times Earl has said 10 bagger or 100 bagger then dumped for 5-10% on this forum. I'd go for at least 50 times.
EarlofAim - If you haven't already, check out -
https://www.zenithenergy.ca/operations/tunisia/#tab-elbibaneconcession -
El-Bibane - The company expects increased production to reach 500 bopd but is blocked by the Tunisian authorities.
Ezzaouia - The company expects increased production to reach 500 bopd but is blocked by the Tunisian authorities.
Robanna - The company expects increased production to reach 200 bopd but is blocked by the Tunisian authorities.
Sidi El Kilani (SLK - CNPC) - This is currenty producing 550 bopd of which we have a 22.5% stake. The company expects increased production to reach 1000 bopd but is blocked by the Tunisian authorities. The company paid $1.6m for CNPC's 22.5% stake in this concession and there was 30,000 barrels of oil left in the tanks worth $2.25m when we took over. This gave us an immediate profit of $625,000.
Sidi El Kilani (SLK - KUFPEC) - This is the second 22.5% stake in the SLK Concession owned by KUFPEC, who we negotiated, agreed and signed a deal with, waited almost three years, then was blocked by the Tunisian authorities. This would have brought our total stake to 45%.
RNS - 20th June 2020
"is pleased to announce that it has made payment for a total of US$250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C ("KUFPEC"), a subsidiary of the State of Kuwait's national oil company, in relation to the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi El Kilani Concession (the " Tunisian Acquisition "), which contains the Sidi El Kilani oilfield ("SLK"). As publicly announced on April 20, 2020, the total consideration payable by Zenith in relation to the Tunisian Acquisition is US$500,000 ("Consideration")."
This was a signed and sealed deal. All oil produced from this concession, at this date 20th June 2020 belonged to Zenith Energy, and the Tunisian Government blocked it.
Wait till Institutional investors find about #zen
they did on EEE and it done 10 bagger
GLA and Dyor
Looks like we have some new investors on boards..............
Executive Officer Andrea Cattaneo.
"Zenith Energy is one of the few energy companies that invested in Tunisia in recent years during a period when most energy companies, irrespective of size, were actively seeking to leave the country.
"The board is fully confident in the merits of the CNAOG ICC arbitration and will take all necessary action to ensure shareholders are fully compensated for the damage they have sustained."