Member Info for callit

Not sure you can read the last one to be verbatim that there is nothing going on in Congo.

My best guess that when we got shafted over T2 AC made the decision to pull out of Congo and go the legal route for the cash owed, but the counter offer of these 2 fields have been put forward to placate him.

https://www.eurorating.com/files/615687610/file/2023-10-09_Zenith_Energy_Ltd_-_rating_report_for_the_company.pdf

"In February 2023, Zenith made the decision to discontinue its operations

in the Republic of the Congo."

BUT!

https://bcra.eu/files/rating_zenith_sep_2023_en.pdf

"Despite the disappointment of this decision, Zenith

is currently in the negotiation process for 2 new

fields (Loufika and Zingali) in the Republic of

Congo, being capable of producing as soon as the

transactions are completed."

GLA DYOR

It's hardly a 'short list'!

Did anyone not get through to the finals?

Listening to the S. Sudan minister it sounded like they are pretty keen to get foreign investment in.

I'd assume that if we don't go ahead with SS it's more likely our choice because there are better opportunities for us elsewhere rather than them not wanting us.

All I can say is that I am very pleased that the company is now undertaking a strategy to target more stable jurisdictions. Whilst the bug bucks can be made easily in some more risky locations the current pull back in the price of oil assets in more stable places is the perfect opportunity for the BOD to exploit.

I will be very happy if we end up with USA,Kazakhstan, ssudan, Italy & Tunisia.

Cool! Kaz seems like a good place to do business.

I'm gradually buying it up bit by bit lol

One day I hope to visit and see Far shipping vanadium and Zen pumping oil.

I could be like a kaz oligarch.

Good stuff, got our money back.

Lets buy American.

It's nice to have some positive news. I think the USA will be the perfect place for AC to use his deal making skills. They were wasted in Africa where everything gets delayed and bogged down in red tape. Give him a clear runway and let's see what he can do. It reminds me of the early days in Tunisia where we had several quite rapid acquisitions for a while. A counter cyclical acquisition campaign in the US could be just what we need.

GLA DYOR

Not long left till the longstop date.

Wonder if we'll get some money back an buy more in the USA?

Wow! Up again.

This is the one good share I bought.

Why do all the posts that don't agree keep getting deleted?

I was going to welcome our new 5m investor but it seems he's already been silenced.

The uninvested the right to an opinion but if you have 5m you will get your posts deleted.

Thats interesting. So Zengas likes SAVE.

The same SAVE that plans to take over the PETRONAS fields in South Sudan?

I guess there is his motive. He wants SS all for save with no competition from Zen. :)

"I firmly believe you may get your 3-4p here but not in the manner you expect."

OK that's kind of cryptic.

@Zengas. So ultimately you think we could nearly 10 bag?

Are you just looking for the best entry to load up big time?

"The Board has taken the decision following a comprehensive evaluation of recent geopolitical developments in the vicinity of Benin, the significant long-term investment required to successfully develop the Sèmè oilfield, and the material progress made in other jurisdictions where Zenith now intends to maximise its technical and financial resources with comparatively reduced risk for the Company's shareholders."

It's not just the Geopolitical situation in isolation. It was always said that Zen would do a robust due diligence procedure. Very wise! I wouldn't want that any other way. It's about taking calculated risks for a balanced risk reward ratio. We don't expect every deal to go through.

USA was not on the table at the time we first got into Benin. The company has to keep weighing up it's opportunities to make the best use of it's limited resources.

Great RNS!

Bonus that we aren't drilling ourselves!

AC laid out a strategy and is delivering to it, playing to his strengths as a deal maker!

GLA DYOR

Carbon Black for energy storage:

https://uk.finance.yahoo.com/news/futuristic-concrete-could-transform-roads-190030994.html

@EX, Could UG join your band?

I can see you both singing from the same hymn sheet. :)

Without news a handful of smallish trades is what we will get. If the right news lands, watch this light up like Christmas.

GLA DYOR

Must be like De Ja Vu for Duffers. Now NNN has got rid of him like they did at ServicePower. The guy is a complete liability. I'll never invest in anything he's involved in again.

Well don Dr C for stepping up to the plate. Lots of opportunities here. How many parts copper ink/lycine to how many parts water to make plant biocide spray?

I pinched this link from TrustILie on the SAVE message board.

https://youtu.be/QnB7fB9uTbc

14 blocks up for grabs..