Zenith Energy Share Price (ZEN)

Silence will be broken when there is actual news to post. Topped up another 1500 this morning. Will continue to do so till are ready for good news.

The drift continues nothing from AC , silence again .

Thanks again for the great write up mg, I added further today and will continue to do so until we get the big updates we have been waiting for.

Sells at 0.75p today!!!!!!

Hedgehog – my apologies. I agree that we are on the same page with regard to the bright future that is ahead of Zenith. On furth consideration I also think that you are absolutely correct in that slippage does happen and that in the big scheme of things the delay from June to September (for the civil works) is actually totally normal. I think that I just got caught up in the word “November” and missed out on the crucial point that the civil works will commence in September which is only two months away. Thanks very much for the correction.

The other thing that I absolutely in agreement with you about is that Zenith have a lot going on. I do not believe for a second that we are just waiting for Tilapia and Rob-3 and that nothing else is going on in the interim. AC is a busy many and an active deal-maker and in the last investor conference call he made the following four statements which should give us all confidence that we will almost certainly be acquiring new assets in the very immediate future:

1,.“Zenith has many other negotiations going on in Africa which have not reached announceable stage yet. However, we are looking at trying to acquire assets that can be closed quickly. “
2,.“There are also possibly other acquisitions in Tunisia but our initial strike took all of the small and easily available assets and so we prefer to focus in other jurisdictions where we can complete deals more quickly.

3,.“ We are already in negotiation of 5-6 Nigerian deals and the appeal of OML141 was quick production and staggered payment. We understand that retail investors don’t want long-drawn out negotiations and we are always looking at speed of executions without bureaucratic complications (transactions between private companies) and that can be brought to productions quickly. However at the same time this is Africa . For example Baraccuda would have been perfect if it was not for the malicious court case and so we could have completed the transaction in a matter of hours were it not for the court case. Note that this is not the only opportunity that we have and we have many many good opportunities.”

4. “July 2021 AC mentioned that they company was looking for big assets that might enable the company to increase 10-15 times in size – 2022? At the moment we are in two negotiations of this size. They are not yet at an annoucneable stage but we have developed new avenues in new countries that were not previously knows.”