Member Info for CanaryInTheMine

Investverysmart is right, Zenith is well positioned with the revenue that comes in from Tunisia to take on and develop so higher risk, higher reward exploration projects and it is these that will make the share price fly. Obviously Tilapia is the big one and it is annoying that it is taking so long, but I would rather be invested in Zenith who have an income stream that somewhere like Clontarf where it was all red or black on a single drill.

Those who bought at IPO would have made money but didn’t because Azerbaijan didn’t work. It was a massively high risk undertaking and as has been point out on here before it was foolish of AC to put all of the company’s eggs in one basket. Foolish also for investors to invest in a company that only had a single base of revenue in such a dodgy part of the world, but I guess greed took over everyone. The most foolish thing that you have said though is that “AC promised 20p”. That was clearly if Azerbaijan worked and it didn’t. Lucky the company did not go bust.

WE have either received $6.4 million already or will be receiving it any day now. I would not expect an RNS confirming it as we have already been told it will be received. The only reason we need to panic is if we reach the end of the month and we receive an RNS saying that it has not been received.

Looking good. The bit of that announcement that stands out for me is the fact that the warrants are priced at more than twice the current share price and the fact that they have specifically stated that the loan is for development on the Congo. This makes me think that we can expect Congo news soon and the money will be used for signing fees for more thawill be for more than just Tilapia. Negatives are the fact that the revenue from Italy has gone down a little bit and that we have taken another loan at all when, as others have said, we could have used the money from the Tunisian oil sales. However, we do have drilling expenses coming up in Tunisia for Rob-3 and the Ezaaouia drills so I expect that the Tunisian money will probably be used for that. We are expecting another $5 million from Tunisia in June I believe so hopefully that will be able to be used to pay for drills on the new Congolese asssets.

mls, I did not make a personal attack on you. I merely pointed out that for somebody who says that he is invested in Zenith, I am surprised that you only ever make negative comments on the company. I then asked you a question which was "what positives do you see about Zenith and your investment?" You have not made any effort to reply to the question so far. Do you have an objection to answering?

You say that you are invested in Zenith but you only seem to post negative comments about the company. So to turn that around, what positives do you see about Zenith and your investment?

Apologies mls. I have now read the rns and the repayments are monthly., so I agree that your statement today was correct about the monthly repayments and it was only yesterdays that was wrong.

mls, you claimed yesterday that Zenith already had the money to pay the loan off in cash now. This was incorrect and a product of your poor research, which I pointed out. In your latest post, you have now said that the company are paying monthly, but I do not see any mention of this in the RNS. Can you point to anywhere in any RNS that it says about monthly payments or is this just something that you have made up again like your incorrect statement yesterday?

You seem to have a regular habit of accidentally carrying out poor research and then publishing it on this forum as fact. I am sure that you are trying your hardest, but if you could refrain from posting opinions without evidence as it is embarrassing for the rest of us to constantly have to correct you.

Mls, you appear to have read the April RNS erroneously and missed the paragraph that said “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.”. Clearly the company will not receive the payment for 30 days and will not be able to spend this money until they receive it, despite your suggestion to the contrary. Please ensure that you have researched your fact correctly before you post in future.

The debt news has been well received in Norway. There have been 8 million shares traded already and the share price is up 11%. When this happens we are usually dragged up with it.

Please stop posting that whackjob conspiracy theory bs on this board. There is a whole internet out there where such posts will be welcomed but the Zenith Energy forum is not it.

Zenith have just put up a pretty cool video showing the Schlumberger logging operations at Rob-1 in progress on the company twitter. Could MG or AGEOS or indeed anyone with more knowledge of the oil industry than me tell me how long this operation is likely to take and if there is anything shown in the video that is likely to indicate how it is going? If we get this well sorted out then it is another 100 bopd coming into the company coffers and at today’s prices that is big money.

Like I keep saying someone over there knows something.

Moses it does seem that this stock is your life as it is the only forum that you ever post on. despite you saying that you invest in many others that are all making you money. Weird that, but not unexpected when you have already admitted that you will not stop trolling this stock even when you are no longer invested. Still I suppose oddball behaviour is to be expected from someone who freely admits that he makes his investments based on what two blokes on twitter say.

Well if you are expecting the company to deliver on objectives from 2017 then you will be in for a long wait as those objectives were all to do with projects in Azerbaijan. They failed and the company got out and did something different. Zenith is never going to one day / soon / hopefully/ maybe deliver on the Azerbaijani objectives as they gave it up as a bad job. It was always total roulette in that part of the world anyway. You gambled on a high risk investment in Azerbaijan and lost. It happens. Get over it. That way you can move on. Like Zenith, who thankfully now have real production in Tunisia, which is why you are up on your current investment.

moses you must have missed my post from yesterday as you never replied. Here it is again, and I'd like and answer:
moses once you are sold out will you stop posting here of will you keep on trolling the board like some of the other sold-out "long term holders" I could mention?

mls678, it is funny that you always claim to want to debate about Zenith and cry when you feel you are even slightly criticised but on a day like today when there are lots of interesting and detailed posts from lots of different members on this forum you engage with none of them and just post two sentence moans. You are clearly just a troll who is angry at his own historical poor investment decisions. Still, at least you are up over 50% up on your investment here. Something to thank the Zenith board for I'm sure you'll agree.

moses once you are sold out will you stop posting here of will you keep on trolling the board like some of the other sold-out "long term holders" I could mention?

Err, the oil price has dropped by $8 today and the entire sector is down. Hope this helps.