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I find reference to oil pipeline when doing a simple search on the web. ex here from the Wood Mackenzie ( where you can buy an asset report for as little as $3100 :-)) )
"Oil was transported via an 8-inch pipeline to a terminal located in the port of Zarzis. Commercial gas production began in 2003. Gas from the field was contracted to provide around 6 mmcfd to the 27 MW Societe d'Electricite d'El Bibane"
I think this subject has been brought up before, and here is a google translation of what this 'fund' really is:
Nordnet Livsforsikring AS.
"Nordnet Liv has a license to conduct insurance business and only offers insurance without a return guarantee where the customers themselves invest and manage the funds. The products delivered are: Nordnet investment account and Nordnet IPA Link."
Pay attention to the following: "the customers themselves invest and manage the funds"
I wonder what will happen to the share price when Tilapia comes in and a P2 value of $1,28 a share, kicks in?
He is in Tunisia right now and according to IC pretty sure of something. He is heading for Congo around the 21th
It's a waiting game, Florida.
More oil than Zenith has ever produced are now a fact. Last AC said on the investor call, April 12th; they are now producing 1250/BOD
Listen to the IC: https://www.youtube.com/watch?v=HIS6jG-Oltg
What did it it take you to say "god only knows what this share price will be", Florida?
I was thinking yesterday when i read your your post; "If that man has a property worth £500 000,-, I think he wold be happy if I bought it for £5000,- " :-))
From IC
-20K/BOD is their target
-Congo & Tunisia seems to be the priority on that target
-Close to 1K/BOD, current production
- Congoleese country manager hired in Congo, with strong ties to government organisations
- AC expect 4 ‘transactions’ completed in 2021
- Election in Congo is complete and AC expect rapid movement, after inauguration of the new Government, within a month
https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2021/04/09131111/ZenithIP-April-2021.pdf
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that on April 9, 2021 at 15:00 CEST it will hold an investor and analyst conference call (the “Investor Call”). ?
The Investor Call will commence with the management team providing a general?update on the Company’s recent progress and running through an updated investor presentation for April 2021 (to be made available for download from the Company website on the morning of April 9, 2021). It will conclude with the answering?of questions submitted by registered participants prior to the Investor Call.
Shareholders and analysts wishing to register for the Investor Call and submit questions are invited to do so using the form available at: https://www.zenithenergy.ca/investors/key-dates/
https://newsweb.oslobors.no/message/529517
From the Norwegian forum/citius
* Shell, Eni are seeking to sell oil, gas assets -source
* OMV preparing to launch asset sales, sources say
* Tunisia has struggled to attract investments since 2011
By Ron Bousso and Shadia Nasralla
LONDON, March 26 (Reuters) - Royal Dutch Shell and
Italy's Eni are seeking to sell their oil and gas
operations in Tunisia, industry sources said, as the North
African country struggles to attract new investments following
years of political instability.
Shell has hired investment bank Rothschild & Co. to sell its
Tunisian assets, which include two offshore gas fields and an
onshore production facility the Anglo-Dutch company acquired as
part of its 2016 $53 billion takeover of BG Group, the sources
told Reuters.
Shell tried to sell its Tunisian assets in 2017 but
abandoned the process due to legal disputes with the Tunisian
government.
Shell and Rothschild did not respond to requests for
comment. Eni declined to comment.
Eni, which has operated in Tunisia since 1961, has hired
investment bank Lazard to run its sale, according to the
sources.
Eni produced around 5,500 barrels of oil equivalent per day
(boed) in Tunisia in 2019 and has nine oil and gas production
concessions and one exploration permit in Tunisia, according to
its website.
Eni did not respond to a request for comment.
The gradual departure of major western energy companies from
Tunisia in recent years follows growing frustration with the
country's unstable regulatory and political environment since
the 2011 revolution that has led to investments drying up.
It also comes as the world's top oil and gas companies are
seeking to sell tens of billions of dollars worth of assets to
reduce debt and focus on the most competitive production.
Tunisia's Energy Ministry told Reuters: "We have no official
knowledge that these companies will sell their assets."
Austrian energy company OMV also plans to sell its
remaining oil and gas portfolio in Tunisia after gradually
reducing its presence in the country, the sources said.
OMV did not respond to a request for comment.
In 2018, OMV sold the majority of its portfolio in the
country to Oslo-listed Panoro Energy for $65 million.
It produced around 4,000 boed in 2019, according to its annual
report.
Last year OMV and Tunisia's national oil company started the
Nawara gas field, the largest project in the country in recent
years which is will increase OMV's output by 10,000 boed at its
peak, according to the company.
Mazarine Energy, backed by private equity giant Carlyle
Group is also seeking to sell up to half of its stakes in
its Tunisian oil exploration licences to accelerate their
development, its CEO told Reuters last November.
(Additional reporting by Tarek Amara in Tunis, Stephen Jewkes
in Milan; editing by Louise Heavens)
((ron.bousso@thomsonreuters.com; +44 (0) 2075422161; Reuters
The cost of getting a foot inside the oil industry in Nigeria does not have to be so bad. If Zenith gets ex a 25% stake in a proven field, they should only be paying 12,5% of the signature bonus if the bonus is calculated on the entire field. And thereafter also 12,5% of the running cost.
The federal government has announced the conclusion of the bid round for the award of 57 marginal oilfields, won by 161 of the bidding companies.
The 161 successful bidders emerged from a pool of over 600 indigenous oil companies that jostled for the 57 marginal fields in the process that commenced in June 2020.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, told journalists yesterday in Lagos on the sidelines of the 2021 first quarter ministerial meeting of the chief executives of agencies under the Ministry of Petroleum Resources that letters informing the winners of the outcome had gone out.
He added that the winners have started paying their signature bonuses.
He stated that the federal government has received almost 50 per cent of the signature bonuses.
“The process has been concluded. Letters have gone out and people have started paying their signature bonuses. We have received almost 50 per cent of signature bonuses already.
https://www.thisdaylive.com/index.php/2021/03/24/fg-awards-57-marginal-oilfields-to-161-bidders/
'The head of the African Union observer mission Dileita Mohamed has congratulated the Congolese people following a "calm and peaceful" presidential election.
A vote that according to the African Union mission has "consolidated the democratic achievements of the Republic of Congo".'
https://www.africanews.com/2021/03/23/african-union-hails-congo-presidential-election/
I am still convinced that AC has to replace the outgoing values of Azerbaijan with some other asset before the end of March, due to the Annual Report.
I wonder, why the rush on an expired license? and why start 'field development activities' before there is a 'parliamentary approval' of the new 20y license?
The president just added some more firepower to his arsenal, and guess from where?
https://espresso.economist.com/5cd3027c07873cf6aa691a42320d86f5
Zenith Energy Ltd...................... is pleased to announce that an investor in the Company has exercised warrants to acquire a total of 16,428,571 new common shares
https://newsweb.oslobors.no/message/528191
I would assume that someone did not understand the fact that:
"he (AC) is immediately bringing in cash in excess of $14,000 per day rising to $30,000 when worked over, not forgetting the 25,000 BOO in the hole."
Something else I've noticed, Florida. There is no Investor Call ?? So I think there is more coming shortly.
"On April 19, 2019, the Tunisian State represented by the Ministry of Industry and Small & Medium Enterprises informed ETAP and EPZ that the Comité Consultatif des Hydrocarbures (“CCH”) had provided a favourable opinion to the application submitted by ETAP and EPZ for a new 20-year concession to be called “Ezzaouia” (the “New Concession”)."
Seems like they are working faster than their own shadow in Tunisia :-)))