Member Info for GarethUK

You should listen and read all the output from Andrea Cattaneo. That will correct all of your incorrect assumptions including timeline.

Don’t think this is unrealistic. I’ve always felt strongly that we are talking about a once-in-a-lifetime opportunity here.

We have 5 ISAs/JISAs in my family and we have gone all in!

Life changing IMO.

All the PR by Andrew Cattaneo has come over the holiday period, when markets have been quiet and dealers and investors on vacation.

Nothing much will happen until next week when awareness should start to increase. Let’s see what the share price looks like by this time next week. That will be just the start. By the end of February we will all be enjoying multiples of our BP!

You are right, and I didn’t explain myself well. What I was trying to say is that if you leave it to the last minute to buy the shares, say after the final arbitration, you will almost certainly miss the cut off for a special dividend.

Even if they don’t suspend the shares, there will be a cut off date for the special dividend. They won’t wait until there is a final settlement to set that.

The reality is that a compromise will suit both sides. AC is talking tough to put pressure on Tunisia, but he must want to avoid the cost, hassle and unpredictability of 2 more arbitrations. The Tunisians know they are probably going to lose the next 2 arbitrations because they were told they didn’t have a leg to stand on after the first one.

I think it will be over within the next few months with both sides settling for a compromise. Not quite a win at $600m plus, but will still be very good news for those of us holding shares now.

Here is the most significant response by Andrea Cattaneo in the interview published today (Dagen Bors):

Andrea Cattaneo (CEO) Zenith Energy Ltd: I wish to reassure investors of the bonafide of our intentions. We shall keep in mind as well the victory in ICC 1 which we have in our hands. As soon as we receive the money in full from the sequestration process/es under the Award received for ICC1, the Board may consider, under the advice of our securities lawyers and investment bankers, ways to distribute an initial payout to our shareholders.

This principle though will be considered and discussed only when we receive this cash. Now we are busy with the sequestration process. We note from the comments of shareholders that different techniques have been used by other listed companies facing this task, and we will have to learn the best option.

Should we also win the second and third arbitrations, the same process of investigating and considering how to make a proper payout to our shareholders will be started. This strategy is obvious and natural in front of such important payouts, but is a pure indication, not binding and still informal. Shareholders are invited not to rely on that for their decisions to invest till a proper regulatory announcement, prepared with financial and legal advisors is made.

Nevertheless, we wish to create confidence among shareholders that the journey to winning all the 3 Arbitrations is realistic and in this journey they will be remunerated for their loyalty.

The exact amounts are yet to be determined, as Zenith shall as well be well capitalised for future development. With the amount of funds remained in the Company, we will continue our operations as before, while adjusting our model to align with the energy business environment of 2026.

IMO that is what is likely to happen with ZEN, and I think Andrea Cattaneo hints heavily at this in various interviews.

If you havent seen this interview with him of today's date, then its well worth reading.

https://dagensbors.se/andrea-cattaneo-ceo-zenith-energy-ltd/

Remember too that if ZEN recovers ownership of the oilfields in Tunisia, they will be a significant producer with an assumed profit stream for many years to come. A share price of 5/6p doesn't exactly reflect that, let alone a potential distribution via a dividend.

Btw, he says the second ruling will be announced by the end of February, and the third by the end of the summer. Not long to wait and huge upside potential at current SP.

All of the sums referred to in the arbitrations and by the CEO are in USD btw

StockCheque is quite right, but I would suggest any doubters should watch Zak Mir's FIRST interview with Andrea Cattaneo from 9 days ago which explains it all in very measured and rational terms. All of the questions being asked on LSE in the last 2 days are answered very fully and straightforwardly in that interview. If you are seriously interested in investing in ZEN then spend 13 minutes watching that interview and stop making ridiculous, ill-informed suggestions.

Given current undervalued share price, and increased probability of major court wins by next summer, could ZEN be a takeover target?

Don’t be swayed by the personal attacks. The rest of us really appreciate your thoughtful analysis and comment.

I agree, thanks for very helpful explanations and analysis. I plan to quadruple my investment as soon as the markets reopen.

Remember that SP was over 1300 as recently as April. Can see it returning to that and more by next summer.

Mystery to all of us shareholders. Just hanging on believing that eventually that sound financial sense and logic will prevail.

Jet2 is my second biggest holding and currently up 29%. A great company, well run, with no weaknesses and plenty more potential. Am staying in expecting 1300/1400 by next summer.

Leaves the management free to get on and develop the huge potential that exists without being impeded by politicians with ulterior agendas.
All good news for the share price in the longer term and actually the price has already rebounded today to close to where it ended yesterday.
The market clearly sees this as a big positive.

The Chinese exiting will stop this criticism: “Republican Rubio slams US approval of chip deal with China ties. Alphawave to purchase US based OpenFive in a $210m deal expected to close next month”.