Member Info for callit

Could really do with some news here. We know they go quiet when things are not going well.

Takeup of bonds?

USA financing and further acquisitions

Italy reactivations

Kaz acquisition?

SSudan? Any progress?

I know we are waiting for the court cases and the timescale of that is out of their hands though the outcome could be transformational for ZEN, but what about all the other stuff?

It seems to have gone relatively smoothly though. It's just like buying an apartment.

Next step get the mortgage sorted and step up to a portfolio of apartments.

Not sure if it's good or bad that they have Vanadium too?

I don't really berate AC for biding his time in SS. The civil war over the border is a concern. I think he's better to keep a foot in there until the security situation in the region improves.

It's best we avoid a situation like occurred with the Benin MOU. I think he's learned lessons from that one and is playing it cooler this time.

Labour not even in power yet and they are already screwing up the country.

https://uk.finance.yahoo.com/news/watch-north-sea-platform-blown-121056359.html

The way I read it we get 3% anyway.

"· If the Conditional Acquisition is not completed, Devonian will repay Zenith by set-off and will issue Zenith ordinary shares in the capital of DP representing 3% of its fully diluted share capital."

Https://www.lse.co.uk/rns/ZEN/acquisition-of-devonian-petroleum-limited-g5ozqhb3ie6xfn1.html

"Zenith confirms that following the signing of the Conditional Acquisition, it has now discontinued all other negotiations in respect of potential acquisitions in the Republic of Kazakhstan. The Conditional Acquisition will be its sole focus."

They already told us this about the financing of the arbitration:

https://www.lse.co.uk/rns/ZEN/icsid-arbitration-against-the-republic-of-tunisia-gq8ybgaxhy5ivp8.html

"The Investors can confirm that, in the interests of preserving the Company's cash reserves at a time of intensive expansion and development activity, they are in advanced negotiations with a specialist third-party litigation funder for a 'no win-no fee' financing arrangement to support all the costs in connection with the Arbitration."

Zen should just give up on oil and become an oil litigation company.

If we'd got the Coro assets when we tried we could have had another one on the go there as well.

Maybe we should make a well timed approach to buy their rights to the Bezzecca legal claim since they are church mouse poor right now.

Scrub that. Event postponed.

Https://energycapitalandpower.africa-newsroom.com/press/developing-oil-industry-set-to-ignite-south-sudans-economy?lang=en

SSOP 2024 Taking place in Juba on June 25-28, 2024.

Wonder if AC will be there?

I predict the next thing we will hear will be about the take-up of the rest of the bonds.

Hi adekela. It was just a gut feeling not a prediction.

I can't say that it will occur or at what price if it does.

Obviously, I hope it doesn't get taken over as I think we have more to offer.

Just looking at the size of the large players in the market, the lackluster showing of some of the big ones. It would seem logical to me that they would try to buy improvement from a small rapidly growing company that seems to be gaining market share. Also I factor in the possibility of what increased use of AI may do to the potential demand in the market overall in the coming years.

I'm not planning on selling any time soon, but I don't know what will happen here.

GLA DYOR

P.S I get it wrong about as often as I get it right.

Wrong Sheltie!

I'm here from £1.

Look at the MCAP on Octopus!

Starting to get worried we may get taken out by a big player for multiples of our current price and never reach our full potential.

GLA DYOR

They wanted the state as a party and were not allowed. What possible reason would they want the state as a party unless it's to say, 'it's not our fault it was the state that made us do it'. Not a valid reason, pay up chumps. IMHO

GLA DYOR

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 think it begs the question, 'why was Virosynth subject to a compulsory strike off notice anyway?'. Unlike Nanosynth it had posted accounts so there must be some other reason for it. Have Volz been responding to official communications after the address was changed?

It could simply be a ploy to change the address knowing that they would get the company communications, would not respond, and would then bring about the compulsory strike off.

Just wondering but in the RNS:

https://www.lse.co.uk/rns/NNN/update-on-jv-agreement-with-volz-mh3o2jf55i2fqf2.html

"

The cost of converting the Volz production line is considerable. It has therefore been agreed that to save nanosynth having to inject cash into Virosynth to meet half the cost of this, it will instead provide a warrant over ordinary shares in the Company to the shareholders of Volz, namely; Rainer Volz and Jonathan Thornton.

Accordingly, the Company has issued £500,000 of warrants over 50,000,000 shares at an exercise price of 1 pence each (a premium of c.29% to the closing mid market share price on 9 February 2022) to be granted equally to Rainer Volz and Jonathan Thornton ("Warrants"). The Warrants are exercisable for a period of three years from the date of grant and only upon completion of the conversion of the product line."

So the 500k we paid them is 50% of the cost of the work to meet NNN's half and they must meet the other half.

So approx 1m of upgrades to Volz machinery 50% paid by us.

As far as I can tell It has not been RNS'd if this work has or has not been completed, either way isn't there 500k (possibly minus depreciation) of our money tied up in Volz factory or their bank accounts?

Do we have any claim on getting this back?

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 :)