focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
ceph,
that post is right on the money.
Post modernism blended with marxism.
Is your real name Stephen Hicks?
I never said June.
You are the one who said June.
And who says I am a 'he' .
Although it must be true because you said it.
.
This board isnt about me.
I believe at the top of the page it says zenith energy share chat.
I dont have to answer your questions about my personal business.
When I first invested is not relevant to zens production figures. If you want to talk about what zen have said publicly they were hoping to accomplish and compare it to what they have actually accomplished then I will quite happily talk about that.
canary,
do you mean 'always posting negatively' or do you mean 'not posting positively'.
Been in zen for years. ...still am.
My last purchase was approx. £10k middle of this year. Not that I can back that up with proof so its a meaningless statement tbh.
Tired of unrealised potential and this is the forum I use to voice my opinion....This does not sit right with those who think this forum is only for those who want to talk up the company.
I have only ever reported posts that state as fact misinformation about me personally eg. that I have multiple ID's. I know that categorically to be a lie therefore I report it.
Wholesale electricity prices in italy were over 500 eur/mwh In Aug 22.
In Aug 20 they were nearer 40.
Increased Revenue in italy is welcome but has been as a result of external factors.
I suppose my family would welcome increased income from a lottery win. Would it indicate anything about how well I was doing my job?
When they increase tunisia production over 1000 bopd, which they think is achievable within 6 to 8 months of the last, end of year statement, then folk will start to really believe in this company.
HH
the CFO said in the RNS that it was the 'current favourable energy pricing climate' that was prompting the expansion. Therefore, forecast revenues ARE based on current energy prices.
Secondly, Q1 2023 was for sant andrea, NOT the new expansion released in the latest RNS. There were no definite timescales given for the new work.
Thirdly, the minimum potential revenue increase that can be gleaned from the actual words released by the company is Eur 40000 per month because the RNS included the words 'if successful'. There is an elenent of risk that zealots are conveniently choosing to ignore.
Any posts on this board that use the word 'will' regarding future revenue increases should be changed to read 'may'.
HH
until it happens its all potential.....all of it!
So whether I stated it or not doesnt really matter tbh.
Surely thats implicit in any RNS Zen issue about their future plans???
Whether you choose to accept it or not I am invested in Zen.
I cant prove it to you nor do I need to.
Time will tell what comes of this latest RNS. EUR 1.5M needs to be justified by a decent return. Historically,
anticipated returns havent materialised. I would rather read about them actually delivering something rather than repeatedly read about what they want to do.
I havent incorrectly stated the figures. It was 40 to 80 for one development and up to 100 if successful for the other. Therefore, the potential minimum is 40.
Unfortunately, History shows that bottom end figures are more likely for ZEN. Its indisputable. The potential is not in question. The application is whats in question. So argue away HH but until it actually happens its all subjective.
Of course the zealots will only quote the top end figures but that is going beyond what the bod have communicated.
Also the figures quoted were revenue not profit. All worth bearing in mind by investors. Its good that the company are considering capitalising on high energy prices but what was in the rns aint happened yet......As with most of the stuff investors have been told. Thats the problem. I havent got an argument with you on the potential.
For the new expansion/ interventions .
Capital cost EUR 1 500 000.
Potential Monthly Revenue increase EUR 40 000 to
EUR 180 000 ( if successful), based on current energy prices.
No time scales .
GLA.
BOPD needs to increase.
Contracts would be good but needs to result in increased BOPD
Rob 1 was 20BOPD without zenith expertise. Last update after many manhours is 30 BOPD.
However, at the time ZEN acquired rob 1 and stated their intentions of 80 BOPD, if anyone on here had dared to say it would only be 30 they would have been accused of deramping or being multiple ID non investors etc. etc.
I am not necessarily criticising ZEN for this failure. This is the risk associated with acquiring aging assets.
Just highlighting the narcissistic, self righteousness that exists. HH is obviously not a numpty and he backs up his positivity with logic.
But any 'hoped for' increase in revenue generation needs to translate into actual increases.
I am excluding recent increased revenue from italian assets as 'progress'. Its nice to have but using it to measure the performance of the management of the company is misleading. External forces have done that.
Unfortunately, regardless of what anyone says, andrea has a reputation of not delivering and until he actually delivers tangible results in line with stated expectations nothing is changing. All the talk of 'this is a different animal since azer' etc etc. and denouncing dissenters claiming they are bitter etc etc is ignoring the experience that we have with andrea. Historically he hasnt delivered sustainable, tangible increases in BOPD.
If / when he does and if all the potential comes to fruition then great. Historically, it hasnt.
Everyone on here can read. Noone on here needs a minder to protect them from fictitious, multiple ID posters that only exist in someones mind. Its boom time for O&G and energy prices but other than a lot of talk ,Zen have underachieved. Bottom line is about increasing production and profit but other than the circumstantial results from italy its underwhelming . Mainly just Potential.
hh
sowing truth.
guess the series rule
2,4,8
3,6,12
5,10,20
guessed it yet?
double the previous number?
no!
if I said 1,5, 9 also applies the rule what would you say then?
The rule is 'numbers increasing in value'.
It was only when the last example appeared, contrary to what was generally accepted, that the truth was known.
I am not saying you are wrong. But continually drawing the same conclusion doesnt make it true. Its not deramping. Its just not being uber positive. You carry on though. when zen get this to 3k bopd I will say well done. And by the way, I havent said they won't. All I am saying is my experience with andrea is he that he talks a good game but the production is lacking.
tyb.
I would rather talk about the company than hurl unfounded accusations at other posters that dare to express an opinion different to mine. But you just do what you feel best.
If they get to 3000 bopd I will be the first to congratulate them on a job well done. Its not squeaky bum time at all. ...but the longer we wait whilst feeding on what I consider as nothing news means its potentially itchy feet time.
And guess what....I am allowed to feel like that and express it on here. Sorry if its not in agreement with your perspective but being able to accept that others are allowed to have a different perspective to ours is what separates egocentric children from rational adults. I suggest you read up on egocentric bias ; piaget etc. etc.
Flash.
hh
I am already invested here.
I know that I am but You dont know whether I am or not so we could engage in a pointless and irresolvable argument all day. It's a waste of time and finger skin. The increased revenues are partly good management but primarily circumstantial due to current high energy costs. The hoped for production increases in tunisia have not materialised this year.
Yes, there is a lot of 'potential', which is what seems to constitute the majority of your investment argument.
Whether bulls like it or not, although andrea has done a lot of ground work , he hasnt turned it into production figures. If he does it then well done. But to my mind, encouraging folk to part with their hard earned cash on unbridled positivity about potential when the evidence over a considerable time is that the guy doesnt deliver is worse than what I am doing. Ive never argued with the potential here. Cue 'different animal since azer' comments. It isnt. Andrea is still in charge and he can make all the speeches and open all the offices and buy all the drilling gear he wants , if it doesnt translate into increases in bopd it means diddly.
TYB
The price has gone up?.....really?
If and when they get a definite increase in daily production then I will say well done.
And by that I mean signed, sealed and delivered. I do not mean talk of some potential deal that never gets signed or potential increase due to a planned workover that doesnt actually achieve the forecast or talk of a planned sidetrack that never materialises.
Until they actually deliver the much talked about increase in production levels, this company has failed the shareholders IMO. I am hopeful it will change. Thats why I still look in on here.
For you to say that all we know is whats in the RNS is very true.
We only know facts. Everything else, including unfounded speculation or accusations levelled against anyone that doesnt wear the rose tinted company specs. is just hot air.
Dont think logp main investors will aceept less than 7 or 8 p a share. Think if it was anything over 10p they would deffo take it. Thats a hefty price tag with shares in issue. However, the purchase value for LOGP would have a corresponding effect on the BEY market CAP. Discussions will be ongoing but the 21 days was too short to do anything else but rely on LG to demonstrate funding capability. Think we could deffo be back over 2.5p in double quick time here.
HH100.
well articulated posts. When it comes to choosing what to read and what not to read then ditto for you with my posts.
Of course that would not be sufficient for the narcissists who would seek to delete any posts that did not agree with their own opinion or agenda. :)
please explain why anyone would be interested in what you claim you are doing or why it is relevant to the discussion.
cue the ' this is massive; im adding on friday' .
ha ha ha.
ditto for years.