Member Info for callit

@fiah Nothing taken the wrong way.
Very wise to do your research first.
Good luck with whatever you do.
ATB

Hi fiah,

The way I read it ZEN have confirmed that they expected to have 114,000 barrels of crude oil in stock net to Zenith in Tunisia. And that they have sold 62,000 barrels with 52,000 expected to go in another lift.

I don't think it's saying we get a % of the barrels of oil I think it's saying that the barrels of oil originated from a concession which we own a % of. So all of those barrels are ours.

That's just my view when reading it. I could be wrong also.
You might be best to email the company and ask for clarification.

GLA DYOR

https://www.lse.co.uk/rns/ZEN/update-on-planned-sale-of-tunisian-oil-production-ys6cpxlkjwf01xm.html

"The Company confirms that, based on current production rates from its recently enlarged portfolio, it will hold a total of approximately 114,000 barrels of crude oil in stock net to Zenith in Tunisia, as of March 31, 2022."

https://www.lse.co.uk/rns/ZEN/lifting-of-tunisian-production-us64-million-vjrgrg261mtpkie.html

"Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international energy production and development company, is pleased to announce that an international crude lifting of approximately 62,000 barrels of oil has successfully been concluded at a price of approximately US$103 per barrel for production from its 45% interest in the Ezzaouia concession, as well its 100% interest in the El Bibane and Robbana concessions.

Total receivables from the sale are expected to be approximately US$6.4 million and are to be paid during the month of May 2022.

A second international crude lifting for a quantity of at least approximately 52,000 barrels of oil produced from the Company's 22.5% working interest in the Sidi El Kilani concession (onshore Tunisia) is expected to take place in June 2022."

62,000 + 52,000 = 114000

GLA DYOR

Can't see them saying anything uplifting until the SA has gone through and they have got their greasy mitts on those bonuses.
GLA

People got burned before when we lost AZ but this is a new ZEN. AC worked tirelessly throughout covid to rebuild the company and acquire replacement assets in Tunisia and Congo. Everything is coming together nicely here imho.
I wish I had more money available to top-up.
GLA DYOR

@NOMOL I do have some concerns here, but am prepared to be pleasantly surprised if the brands do better than expected and Engalnd Pie does well.

Does anyone know if we are still in the fish maw business? Maybe some revenue from that too this time?

The safety net has been removed and we must now sink or doggy paddle.

At this stage I'm really hoping the news will be mixed rather than disastrous. Would be over the moon to get good news.

Then again maybe the difference between the 2 figures is that the lower one hadn't taken into consideration our nano masks and filters that only came about due to the Covid-19 pandemic? :)

That attributes the extra 285ish Billion USD to NNN lol

Yep and 100% of a number is still US$ 288.71 Bn :)

I think we should only aim for single digit market share for now though just to be conservative in our predictions. lol

@ExMS Did you put the decimal point in the wrong place?

https://www.globenewswire.com/en/news-release/2022/04/15/2423346/0/en/Nanotechnology-Market-Size-to-Surpass-US-288-71-Bn-by-2030.html

"Nanotechnology Market Size to Surpass US$ 288.71 Bn by 2030
According to Precedence Research, the global nanotechnology market size is projected to surpass around US$ 288.71 billion by 2030 and expanding growth at a CAGR of 14.5% from 2022 to 2030."

Bit old but still interesting:
https://news.usc.edu/92312/heres-a-way-to-produce-nanomaterials-on-a-larger-scale/

'However, a single milligram of gold nanoparticles currently costs about $80 (depending on the size of the nanoparticles). That places the price of gold nanoparticles at $80,000 per gram while a gram of pure, raw gold goes for about $50.

“It’s not the gold that’s making it expensive,” Malmstadt said. “We can make them, but it’s not like we can cheaply make a 50-gallon drum full of them.”'

That's quite a mark-up!..show us the Nano Gold!! Yehaaaa!!

I'm convinced DR C will tell us about his new nano factory soon.

GLA DYOR

That's true Dr M, Dr C always rewards his pals and dumps a large one on the shareholders who supported him. I thought we were past ll this greed but it seems not. Hopefully he knows there are great things happening soon that will reward us too. Fingers crossed.
GLA DYOR

We could be at 1p if the BOD just said something!
I assume they will start communicating again when they want the SP up to get their bonuses. IMHO

Must have absolute quiet. :)

https://www.youtube.com/watch?v=BJvfcinKjAI

I doubt you'll get through to Gaz on the dog & bone, I suspect they have locked him in the basement to build his Nano-factory.

https://www.offshore-technology.com/news/cnooc-exit-canada-sanctions/

'Living with the virus', is just another example of ' Mass formation psychosis'. We are all being tricked and lied to by the powers that rule us.

I don't trust these dodgy politicians.
I never go anywhere without my pro_larva antiviral mask.
Stay Safe.

Can't believe the wider market hasn't cottoned on to this share yet. valued at about 6 times revenue from the Italian operations. Completely ignoring Tunisia and Congo.
I managed to nab another 790k shares today.
GLA DYOR

Well spotted MG.
Even if they don't get oil I'd hope they at least build a hotel here; It looks a lovely location by the sea.

The thing that struck me was that even if they had been banned the FSA leave it up to local councils to enforce the ban. I don't expect the products to be removed from sale any time soon. :)