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Purchased 582833 shares
Will be a bounce back after todays flush.
After a Tunisian oil licenses expire the asset automatically goes back to ETAP until the license is renewed to the previous holders in this case zenith and ETAP for a new license period.
Only the Tunisian parliament can ratify a new license and right now there is no Tunisian parliament as it has been dissolved because the government and Tunisian politics is in shambles.
Zenith will be reawarded the license by parliament but only when parilaiment is undissolved. Nobody can get the license until this happens and ETAP are just holding it as a legal technicality. It will continue to operate as normal. Zenith have not lost the asset and lots of pointless scaremongering going on to get in cheaper.
Buying opportunity presents itself
Botham that is incorrect, the SMP is a French drilling contractor nothing to do with Congo, therefore their claim will be enforceable by the courts in Paris and money WILL be retrieved. Simples
Zenith will go through deal in Yemen through OMV takeover any how in coming days, though oil ministry with current rejection.
OMV is stopped from selling field stake to Zenith on 25th Nov. (Here you require govt permission) Then Zenith bought OMV Yemen announced on 3rd Jan 2023 ( no govt permission require ). Two different things same like SLK. No one can stopped Zenith buying OMV Yemen unless n until OMV stopp it. Again reference to S5 field transfer where PAC not given permission but sale happened. Zenith bought AAOG in Congo. ECUMED in Tunisia
Hi flash are you friends with Alex Macdonald
I added also last week
Dividend will keep most invested
Buys coming in fast
Sorry mls and flash :)
ā Gross production during 2021 averaged approximately 7,400 barrels of oil per day ("BOPD") and the field remains in the 'primary depletion' stage with highly material unexploited potential.
Historical production from S-2 was maintained at approximately 15,000 BOPD through sustained drilling activity until 2015. ā
15, 000 barrels of oil per day
What is that worth in market cap to us?
Great Iām guessing Tilapia not far off. Looking good!
Amazing news I brought more shares
I brought more this morning
Canary it is a bargain right now great opportunity to buy
Canary it is a bargain right now great opportunity to buy
Topped up
Topped
Up
Is it worth a rentry here
Reading these boards on the sideline thanks to the knowledgable posts I have brought in.