Member Info for CanaryInTheMine

" I don't by nature invest in speculative 1p shares. " says Fallingknife1

He is correct actually as he has the majority of his posts in the highly speculative Flanx Group whose share price is currently 0.85p and whose market cap is a mighty £4 million.

Looks like the sooner we make 1p then the sooner fallingknife will disappear as Zenith will become too expensive for his wallet to take!

1 - Congo Joint Venture Partnership with Congo operator
2 - Tunisia licences 1 and 2
3 - Nigerian licence (seems like it's in the bag)
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

Yes, this should be a sustained rise as there is a serious reason for the increase. The big nmove up today is nice, but it is just the beginning of the re-rate for Zenith.

Box 15 - Have a name like fallingknife and turn up on a board that you have never previously posted on.
Box 16 - Immediately assume that you know what is going on wit the stock.
Box 17 - Prove that you don't.
Box 18 - **** off again back to whatever share that you have invested in is not performing 1/100th as well as Zenith.
Box 19 - Finally do some research and kick yourself that you missed out AGAIN!

If we went up 50% last week on no news then how much do you think that we will go up this week on confirmation of the license?

The only thing that will stop this now is Christmas and that is just a for a quick break.

Cash is due to come in from all over the place for Zenith. We are expecting to get 6 months worth of oil production revenues from Tunisia as soon as the ownership is approved and a big chunk of cash from Socar too, That is without even mentioning the $5.7 milliion from SNPC.

It definitely has the feel of being fully recoverable - and has now gone up to $5.7 million.

It went up 50% last week on speculation so I hope that it will be a big one.

I believe the correct word her e would be BOOM!

Personally I hope that the Tilapia license renewal comes next, but I think that it might be the Tunisia approval.

When’s news?
We don’t know 100% but there was a massive rise last week both here and on the other listing in Oslo. There was sustained buying over 4-5 days that took the share price there up to double where it started which suggests that somebody knows something and news is coming soon and that it will be good when it does.

I'll go first:

An update on PPE manufacturing on Monday as a Christmas present for us all! LOL

Also, once you have picked which will be first then you have to pick a week that it will be.

Does anybody fancy a sweepstake on which news we will hear about first?

Tilapia License
Tunisia Ownership Approval
Nigeria Marginal Fields
SOCAR Money
SNPC Money
Additional Congo License
Update on PPE Manufacturing ;-)

investverysmart - it may take barnyards a while longer to work out the difference between the SMP and the SNPC. From what I have seen he is not the sharpest tool in the barn.

I wonder if barnyards is related to that other famously dim deramper Highlander who used to haunt this board. After all, Old MacDonald had a farm too. lol

#no research no likey

Barnyards - have you worked out the difference between the SMP and the SNPC yet? It is a pretty crucial bit of information to understand if you are to invest in Zenith. No wonder you can't make any profit on your investments LOL.

No research, no likey ;-)

Absolutely staggering how much money has been traded so far today. £300k so far.

The train is about to leave the station. All aboard!

Now we know that something is up!

Do Oslo know something that we don't as that is a fairly big move. Or is somebody accumulating?

So at 231 bopd production and $49 /b = $11,319 per day.

From 30th September = 64 days x $11,319 = $724,416
From 30th April - 30th September = 124 days x $5670 = $701,778

So the potential income generated from SLK so far appears to be more than enough to pay for the purchase price, albeit before expenses.