Member Info for CanaryInTheMine

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.

Whether Andrea is in Congo now or not we know that the Tilapia deal is coming and some on the Norwegian exchanges know even more than we do, hence the 30% rise there over the last five days. The timing is perfect for us as well with oil prices where they are.

150 million shares traded in Norway and 16% up at close. This is just the beginning - think what will happen when we announce the sale of the oil and that we have Tilapia.

This is already almost double what was traded yesterday and it has only just gone 1pm.

Like I said the other day Zenith is really maturing as a company by using the revenue from production to repay the convertible loans. It is very rare for any small cap company to pay off this sort of debt with cash and most of the time they just let the loans convert into shares so full credit to Zenith for bucking this trend. Thanglan as a loan-note holder can testify to this maturity and reliability on repayments.

65 million shares traded today in Norway which is hug volume and even the 4.5 million traded over here is large compared to a standard day. The last time volumes were like this was back in Dec 2020 just before the first Tilapia news came out and we know that AC is in the Congo now. Of course, it could just be that oil prices are flying at the moment and the market knows that we will be getting £10 million in cash into the company coffers at the end of this month, but there is also a good chance that there could be news leaking that Tilapia is coming. Nobody is getting my shares at the moment. I feel that big news is just around the corner. Tilapia news in this oil price environment would send this to the moon.

30 million shares traded there so far too. It is probably juts the fact that the oil prices are flying and we are about to sell $14 million worth, but it could be Tilapia too. After all someone in Norway seemed to know about the first stage of the Tilapia license being granted before the news was formally announced back in 2020.

Excellent work. Zenith is really maturing as a company by using the revenue from production to repay the convertible loans. It is very rare for any small cap company to pay off this sort of debt with cash and most of the time they just let the loans convert into shares so full credit to Zenith for bucking this trend.

It is a bit of a slow day for Zenith today. Only 7 million shares traded in Norway so far.

Rimsha - you say that but holding onto the oil has seen the oil price rise and rise. I can't see it falling any time soon and we will only get paid when it is delivered anyway so waiting seems to make us money.

10am Tuesday 22nd February
https://live.euronext.com/en/product/equities/CA98936C1068-MERK#CompanyPressRelease-8853746

It looks like everything is coming together for Tilapia to me.