Political Situation on the Congo Starting to Improve for Zenith8 May 2021 15:49
Wraith - that's only the tip of the iceberg, this is what we are waiting for.
1/ Tilapia licence approval before the end of May. Ratification into law within the next two months.
2/ This licence, if acquired, will automatically include the now confirmed second Congo deal.
3/ Appointment of Workover rig company with contract signed in June for the first drilling of Ezzaouia. Commencement of drilling determined by rig companies schedule.
4/ Appointment of Workover/Drilling rig company with contract signed in June for the first drilling of El Bibane. Commencement of drilling determined by rig companies schedule.
5/ West African deal signed and sealed within the next three months - 4000 - 12000 BOE per day.
6/ Announcement of Canadian engineers revised 2p reserves in early June.
7/ Final Results expected in June with Engineers new report figures included. This new evaluation of total 2p reserves should not only validate the present estimated 20 million figure but it should increase this figure considerably. These reports Invariably supersede previous estimated reports that may have been carried out many years before. New technology allows finer tuning of present information, hence higher figures. These figures cannot be factored into the share price prior to the report announcement and will have a considerable impact upon Capitalisation.
8/ SLK approval imminent. Immediately adds $4m plus per year to the company treasury and must significantly add value to the share price.
9/ Nigeria Marginal Field Bid Round or private Joint Venture, any time.
10/ Issue of a B+ BCRA credit rating in July. Should attract more institutional investors.
11/ We must not assume that the West African deal is with Fleet Oil & Gas because that deal is a Joint Venture in Mena, which is North Africa. So the 2000 BOE per day Fleet Oil & Gas deal is still on.
Not to mention the legal case against SNP for $5.3m or the $5.7m owed by SNPC. In all, a lot in the pot, I'm sure you will agree.