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"When are you expecting to get the Tunisian approval?" would be a good question to ask on Friday.
Has anyone asked any questions? You can submit them here if you have any: norway@zenithenergy.ca
The call is on January 8th at 9am our time. Details here https://live.euronext.com/en/product/equities/CA98936C1068-MERK#CompanyPressRelease-3661118
They usually put it up on the Zenith website the next day.
The fact that the investor call is at the end of this month suggests that there will be more good news between now and then. The only question is how much news and how good?
To be fair there were two trolls who both only made their first posts here yesterday - once claiming that the share price would drop to 0.5p on Monday and the other saying that he knew the cost of Tunisia production and that we would not get any payment from the SNPC but provided no evidence of his information when challenged.
Both of them were clearly new characters created by old derampers who only made their first posts on this site yesterday and they were clearly here not to debate but just to disrupt the board. The reason so many posts have disappeared is that LSE deleted the thread that contained most of the posts I think - certainly 5 or 6 of my posts were also deleted. Both troll accounts have been banned too I think.
Questions for Andrea Cattaneo from me:
1. How much revenue will we get from the sale of the oil that has been produced in Tunisia if it was all sold today? Will it be more than $150,000 (LOL!)
2. How likely will it be that we will receive back the $5.7 million owed from the SNPC? IS there no chance of this as has been suggested by the expert derampers on the LSE boards?
Any others to add?
You don't like the fact that Zenith are owed $5.7 million so you decide to make it disappear by saying that they will not get it. You don't like the fact that Zenith are due $2 million from Tunisia so you make up the fact that it is only $150,000 based on no evidence. You are curiously expert for somebody who has only made his first post on this board today.
There were many derampers on this board that said that Zenith would never get Tilapia, yet they have all disappeared in embarrassment now and been replace by new derampers who only have one of two posts. Funny that!!!
Fakevenues I had forgotten about the claim against the SMP. That is more spurious but if it comes in then it takes us to over $11 million.
Very happy days ahead.
A sustained rise of over 80% since yesterday. On top of another 60% rise since last week. Quadrupling in value this month.
I wonder how much it will go up tomorrow?
I bet it will not be at 0.5p this Monday Ben, or next Monday either despite your claims earlier. ..
The cash from Tunisia should equate to approximately $2 million once the ownership of both wells is approved. Add this to the $480,000 received from SOCAR yesterday which the derampers said that we would never get and the $5.7 million that is owed by the SNPC and we are looking at over $8 million coming into Zenith in the near future.
Happy days ahead.
In what world is the price being up 17% today after being up 60% yesterday the price going down?
What utter nonsense from B_E_N_1992 - are you the alter ego of an old deramper?
The next news will be Tunisia IMO and then news that we have shipped the rig to Congo in preparation to drilling Tilapia. But take your pick from this list of imminent newsflow:
1 - Congo Joint Venture Partnership with Congo operator
2 - Tunisia licences 1 and 2
3 - Nigerian licence
4 - Recovery of the $5.7m
5 - Transportation of rig to Congo
6 - Transportation of Workover rig to Congo, Tunisia or Nigeria
7 - Drilling the final stage of Tilapia ll
I took a screenshot of it too, just so that it cannot be denied.
We hit 1.5p on the ask earlier this morning. Hence Takeyourbets has won his bet and Kelsbells, mls678 and bandyabout have all lost and should never post again.
The ride back to 6p has already started.
Let's have the $5.7 million from SNPC next please Andrea!
The good news just keep on coming...
Oh, and I almost forgot about Tunisia!
As per MarketGunslinger's post last week which I have c&p'd below
From the calculations I have just done Zenith should expect approximately $2 million to come into the company by this time next week. This is because as soon as the Tunisia deal is approved as they are due all of the oil that has been produced from each of the two shares that they have bought from the ate of purchase.
Calculations breakdown as follows
The deal with KUFPEC explicitly states that Zenith Is entitled to their 22.5% of all oil produced from Sidi El Kilani since April 20th 2020. Zenith Energy Regulatory News. Live ZEN RNS. Regulatory News Articles for Zenith Energy Ltd. Com Shs Npv (Di) (lse.co.uk)
The deal with CNPC was signed on September 8th and presumably works to the same arrangement meaning that Zenith will also their 22.5% of all oil produced since September – though it is worth noting that when Zenith start acquiring the oil is not explicitly stated in this RNS Zenith Energy Regulatory News. Live ZEN RNS. Regulatory News Articles for Zenith Energy Ltd. Com Shs Npv (Di) (lse.co.uk)
Since April 20th Sidi El Kilani has produced 133,261 barrels of oil according to the Tunisian govt ETAP: Production journalière so Zenith’s 22.5% share of this (based in the KUFPEC deal) is 29,984 barrels of oil.
Since September 8th Sidi El Kilani has produced 55,339 barrels of oil according to the Tunisian govt ETAP: Production journalière so Zenith’s 22.5% share of this (based on the CNPC deal) is 12,451 barrels of oil.
In total, Zenith have 42,435 barrels of oil, which at today’s oil price of $51 would be worth $2,164,185.
Remember as Florida pointed out there is still much good news to be expected from Zenith imminently:
1 - Congo Joint Venture Partnership with Congo operator
2 - Tunisia licences 1 and 2
3 - Nigerian licence
4 - Recovery of the $5.7m
5 - Transportation of rig to Congo
6 - Transportation of Workover rig to Congo, Tunisia or Nigeria
7 - Drilling the final stage of Tilapia ll
Each part of this is huge news in driving the company forwards and much of it is to be expected imminently. Tunisia news for example should be in the next few days.
Remember as Florida pointed out there is still much good news to be expected from Zenith imminently:
1 - Congo Joint Venture Partnership with Congo operator
2 - Tunisia licences 1 and 2
3 - Nigerian licence
4 - Recovery of the $5.7m
5 - Transportation of rig to Congo
6 - Transportation of Workover rig to Congo, Tunisia or Nigeria
7 - Drilling the final stage of Tilapia ll
Each part of this is huge news in driving the company forwards and much of it is to be expected imminently. Tunisia news for example should be in the next few days.
It's about timing though isn't it. Plenty in Alba who got locked in at previous highs and sold out at a massive lost. I'm glad that you made your losses here back by getting it right there.
There will be plenty who lost money elsewhere making their losses back here. We have already three-bagged from the recent lows and there is much much more to come here.
TYB he is never going to apologise because that would mean admitting that he was wrong.