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And a trade at 2.75
A few weeks back was being ramped nicely at 3.2
Shame to finish so low. Jam in 24 hopefully.
I need £1 to be around my entry, we are a long way off that.
Not to sure what to expect if I hold for a few years but I have been here since the Azer days.
Where does the $3M come from ZEN? I have from the RNS $200K they've paid as deposit with a further $1.8M to be paid upon completion via a direct issuance of shares to Devonian giving $2M altogether.
The rest of the $5M appears to be being paid in kind via the drilling of the first well using ZEN's drilling kit so no shares issued there and also thought ZEN had access to debt markets now too so struggling to understand your maths?
$3m in equity Yes EQUITY represents 80m new shares at the 3p level. The sellers will want the equity at the lowest possible price. Same applies to the equity portion for the US. Obviously a complete Hallion having posts removed and only kidding yourselves and I’ve said this all the way down.
Dilution, Consilidation times 3 now.
The Italian stallion will give me my 50p exit eventually just matter of when :)
Just listened to the interview we have a lot to look forward to in 2024.
Straight forward interview summarising 2023 and now focusing on safe locations in Kazakhstan and the USA to add value for shareholders into 2024..................whilst confident with a result by spring/summer 2024 for a final result for the arbitrations. of over $150 million...............cannot ask more than that especially as Kazakhstan looks very promising............DYOR
Look into this company. This is a University Registered Company with 3 employers a 79 year old Englishman a 73 year old Kaz Native and the industry academic. Fair play that they got hold of the licence from the accounts for next to nothing, with no means of ever progressing the license. No website. Have we overpaid, just putting it out there.
Yes I am invested holding a very diluted 700,000
TYB - Just back from Christmas shopping and must say could not ask for better news. This is in no way a minnow play, this is a full bloodied mid stream endeavour that's taking us up to a new and exiting level. He's utilising the 260 rig to it's full potential by potentially attacking shallow targets, eliminating rig delays and saving millions on rig costs. If successful, it will place us in an unrivalled financial and logistical position that will not only fulfil his long awaited dream to go mid stream but will allow him and his partner drill as many wells as can be possible. This fearless approach to join with other knowledgeable partners is by far the best way forward, with each partner providing resources that would otherwise be an expensive hurdle to overcome.
Approvals and conditions still have to be gained and met. However, this deal does seem to be ahead of the game as far as licences already in hand, agreements already signed with most of the 2D, 3D seismic completed and are all looking quite good. I am also convinced that AC's tone, makes him sound rather confident that things will go according to plan. Certainly stuck his neck out getting the rig out of mothballs, after all, it's not cheap moving rigs around, so, potentially, he has a lot to lose if the deal fails to complete. Positivity in every word spoken so far, and no reason for us to doubt his enthusiasm. Plenty of enthusiasm from me and the same from the Norwegians today by the look of it, let's hope they keep it up. Great news.
Callit I say this is his best deal yet. 520 million barrels of oil in place with the rig on the way you can’t fault AC whatsoever. Funny how so many people who sold out still checking in on this stock daily, even those that pretend to still be invested but want this stock to fail so bad. I would guess that tomorrow will be a blue day after todays MMs blinding performance. Finished up 9% in Norway FYI.
Everyone would moan if there was no news.
AC doing what he's good at, 'making deals'.
At least we found out where the rig is.
GLA DYOR
Had'nt looked at this share for a while... sold out and lost ...could have lost alot more ... still a few punters hanging in there ... God loves a trier ...GL
Todays trades
20-Dec-23 15:20:25 2.95 20,000 Buy* 590.00 O
20-Dec-23 14:46:45 2.89 100,000 Buy* 2,890 O
20-Dec-23 14:28:16 3.00 500 Buy* 15.00 O
20-Dec-23 14:28:16 3.00 100 Buy* 3.00 O
20-Dec-23 14:13:45 2.90 100,000 Buy* 2,900 O
20-Dec-23 13:20:26 2.90 10,266 Buy* 297.71 O
20-Dec-23 12:47:33 2.90 65,000 Buy* 1,885 O
20-Dec-23 12:01:18 3.00 457 Sell* 13.71 O
20-Dec-23 12:01:18 3.00 266 Sell* 7.98 O
20-Dec-23 12:01:13 2.80 38,888 Sell* 1,089 O
Much more buys than sells and down 4%. MM tactics especially as up 10% in Norway.
Botham the deal is finished in our favour, all that’s left is us doing the due diligence. Uk market makers are playing with the price we are up 10% now in Norway. So clearly the market does believe it.
It has dropped, two fold - the markets are shocking, everything in free HE1, COPL etc. Secondly if this had been an acquisition announcement in isolation the shareprice would have reacted favourably unfortunately that is not the case, yet another new announcement and forget the other three MOU's. Since last year around 13 MOU's have been signed and not 1 has been closed.
Until it's closed the market does not believe.
Andy todays trades
Date Time Trade Prc Volume Buy/Sell Value
20-Dec-23 12:47:33 2.90 65,000 Buy* 1,885 O
20-Dec-23 12:01:18 3.00 457 Sell* 13.71 O
20-Dec-23 12:01:18 3.00 266 Sell* 7.98 O
20-Dec-23 12:01:13 2.80 38,888 Sell* 1,089 O
Judging from that it’s the MMs playing games before the next leg back up. No big sells and bigger buys than sells and they took it down. Also if the offer is 3p how did someone manage to sell at 3p?
Andybhoy same thing happened with the $154m news the price dropped 8% then finished 20% up. My guess is someone from the UK who wanted out from before uses the volume on news to get rid of his shares which will be mopped up by new investors over the day. Because if you look at the Norway market they are up 7% on the news. It’s that or the MMs are playing games before they move it back up. Fact is once we’re drilling for half billion barrels of oil and selling for profit the stock price will have no choice but to rise.
Florida? Your thoughts?
How does the share price drop on that news?!?! bizarre
Botham it’s up to zenith to do due diligence and if it’s all kosher and AC is happy the rest is a formality. It’s a win win for us and a done deal in our favour. Norway up 7% with big volume.
When will you get it in your thick head, there are always two sides. I am invested. and it is not closed read the RNS requiring approval.
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").
For someone who’s not invested you sure do post a lot of rubbish on this forum botham. Reminds me of another certain poster, but I suspect your motives are different.
Great news I’m not bothered about the short term games by the market when we drill the half billion barrels and sell for profit the stock will have no choice but to fly eventually. As long as we are advancing in operations and growth the money will come.
Botham that’s incorrect the deal has been fully closed.
Look at the market reaction down 8.06% , again not fully closed. Constant flip flopping
Wiping out spreads about to bounce naughty games by the MMs
What a deal by the Italian stallion!
Over half a billion of oil in place with the drilling rig already assigned to Kazakhstan from Georgia.
I’m so happy right now