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‘ I really want some news on Kazakstan and S Sudan, we need to be producing to.’ x2
Ha, yes, costly error poor chap(ess). I almost did that once with tpx and txp.
Likely day trader trying to buy ZED this morning (latest rns) but got wrong ticker
Odd trades today.someone bought at 8.00 and sold30mins later. Was probably expecting a miracle.
It says in the RNS that we will know by the close of 2024.
"The Arbitral Tribunal for ICC Arbitration 1 is expected to convene during the month of April 2024. A decision, resulting in a potential award favourable to EPZ, is expected to be made by the close of 2024."
We could get some news about SMP soon though? Fingers crossed.
I really want some news on Kazakstan and S Sudan, we need to be producing to.
Looks like we are going to get some big action. The Italian stallion making moves in the background still the most undervalued share on the LSE. We win the first small arbitration and the price will be 5-7p in one training day.
@LadyOfAim
x.com/ladyofaim/status/1783169331234255331?s=46
Source? Which account on X?
A post from Twitter - good news if true & will monitor trades and probably purchase to average down
My sources inform me that the management and board of Zenith are all presently in Paris for the final days of the $10 million USD ICC arbitration trial for the non-payment to Zenith of an oil international sale due to Zenith by the Tunisian national oil company ETAP
Https://www.investegate.co.uk/announcement/rns/zenith-energy-ltd-com-shs-npv-di---zen/new-bond-exchange-offer-/8149995
ZENITH ENERGY LTD.
("Zenith" or the "Company")
New Bond Exchange Offer
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company, is pleased to announce the launching of a new Bond Exchange Offer on revised terms (the "Exchange") following the successful conclusion of the first Bond Exchange Offer, as publicly announced on April 11, 2024.
Botham the strategy is clear, win the arbitration with over $150 million owed. Then develop assets in the USA with potentially signing a big asset in Kazakhstan.
Things move very slowly here.
?
Last post removed why?
I'm not sure apart from a number of MOU's we have any assets in Sudan, USA or Kazakhstan?
Strategy
The Company operates from a corporate head office in Canada but holds investments in several global jurisdictions including Italy, USA, Tunisia, Sudan, and Kazakhstan. The nature of these investments includes oil and gas extraction and electricity production. The Board is conscious of the inherent environmental risks associated with the extraction of natural resources and the production of energy. However, the Board actively encourages its investment partners to operate within international environmental guidelines and to perform its activities using the most up-to-date equipment
Even the smallest buys will take this back up. Worst news is out of the way just need arbitration money to come.
Speak for yourself MLS. I was hoping to get some more cheap and someone has pipped me to it. Now it's 7% up, so not so nice for me :)
Nice to (finally!!) see some buys
TYB I don't want them to pay it all back to shareholders, just a little bit. They should use the rest to do as you say.
Callit I would rather they use that money to pump out oil in the USA. Then when we get the bigger win nearer to $100m pay us out in dividends to thank us for staying invested for so long.
If they win 9.5m usd, the least they could do is chuck a million back at shareholders. I know that they said they would with the other arbitrations but it would help shareholder morale no end if they could spare a few quid to help us out.
You’ve missed out the €25 million bond raising that they mentioned in the last half yearly report that will more than fund the Kazakhstan deal. Trust in the Italian stallion. Easy arbitration win for the maestro.
No chance.
And if we lose?
Paris court case against SMP for $9.5m is imminent.