Member Info for Hedgehog100

" ... The Council of Ministers met on Wednesday 15 February 2023
... By letter dated 3 May 2022, the SNPC, i.e. OLIVE ENERGY, was declared suitable to act as operator of the TILAPIA II exploitation permit, the contracting group consisting, in addition to the two aforementioned companies, of DMT OVERHOOD as associate. ..."

Cjgoldsmith,

ZEN hasn't actually dropped today: it's been unchanged at 0.725p all day.

And the Council of Ministers meeting concerned was only held yesterday.

There was a reference in the meeting to a letter of 3 May 2022, but there's no reason to think that such a letter would have been public knowledge.

Don't pay any attention to the silly nonsense being spouted by the embittered basher(s) on this board.

The following is a very recent example of Ezhik misleading investors.

In this case, by falsely posting that infrastructure concerned was ageing, when it is actually modern:-

Ezhik Premium Member Posted in: ZEN Posts: 6,096 Price: 0.725 No Opinion
RE: Benin video animation BUY 10 Feb 2023 12:57
"Be careful what you all wish for. 100m spent already. Ageing assets, pipelines, C&I systems, Safety (LOPA) layers of protection. likely structural issues. might need another $ or two to be spent. Anything involving 'offshore' is logistically and financially a pita. That is why Tilapia was such an attractive opportunity, offshore discovery, onshore equipment."
https://www.lse.co.uk/profiles/ezhik/

22nd Sep 2022 9:05 am RNS Offer for Sèmè Field in Benin
" Operationally, following potential acceptance of the Offer, the Company will seek to use the existing infrastructure installed in 2015, ... "
https://www.lse.co.uk/rns/ZEN/offer-for-s232m232-field-in-benin-9ipqkv85a2cynli.html

Just posted by me on the AXL board, repeated here for interest:-

Hedgehog100 Posts: 2,714 Price: 19.85 No Opinion
RE: RE: Spud, 12 days to drill 16 Feb 2023 17:11
"Ezhik,
I think you are showing your true colours.
You have been bashing ZEN for months with multiple false statements that I have repeatedly had to correct.
And then posted about AXL on the ZEN board, entirely off-topic, telling people to switch.
I then make one, and one one, entirely correct and reasonable post on this AXL board, and you respond by making a personal attack upon me.
That I think discredits you."
https://www.lse.co.uk/SharePrice.asp?shareprice=AXL&share=Arrow-Explor

Ezhik,

I think you are showing your true colours.

You have been bashing ZEN for months with multiple false statements that I have repeatedly had to correct.

And then posted about AXL on the ZEN board, entirely off-topic, telling people to switch.

I then make one, and one one, entirely correct and reasonable post on this AXL board, and you respond by making a personal attack upon me.

That I think discredits you.

"Note that I designated the "T" in the second "TYB" of this thread title as being for Tunisia rather than Tilapia, as it was looking a safer bet, and I think that choice has now been vindicated."

AEMNDMENT:-

The 'Tunisia T' is of course in the first "TYB" of the thread title, with the second TYB standing for Takeyourbets.

Hedgehog100 Posts: 2,714 Price: 0.775 Strong Buy
RE: NEWS TO COME BUYING OPPORTUNITY 4 Feb '23
"Mls,
You're being quite ridiculous.
The lengthy Tilapia delay isn't really down to negotiation time.
The Congolese have been 'sitting on it', for 'political reasons' ..."

According to posts on this board elsewhere today, it looks like ZEN won't be proceeding with the Tilapia project in Congo.

That in my opinion could well be a blessing in disguise.

It was becoming increasingly apparent that the Congolese weren't playing fair, so ZEN is probably best off out of it.

This also helps avoid the danger of ZEN spreading itself too thinly.

Note that I designated the "T" in the second "TYB" of this thread title as being for Tunisia rather than Tilapia, as it was looking a safer bet, and I think that choice has now been vindicated.

Part of the first post of this thread:-

Hedgehog100 Posts: 2,714 Price: 0.90 Strong Buy
Zen's TYB Could Ten-Bag TYB's Zen 18 Jan '23
"ZEN's Tunisia-Yemen-Benin projects could fuel a ten-bagging+ in its share price, to 10p+. ..."

"At what point did I suggest he was on the board you pleb?"

I didn't say you did say that - what a quite extraordinary thicko you are.

That's also shown by the fact that you think a new LSE 'handle' created just to bash NZI, shortly before it resumes trading, has any credibility.

You're quite obviously a serial troll with multiple bannings and bad calls behind you.

So why don't you just bog off you moronic cretin, before I report you for market abuse.

"IPOs in London drop 90% in 2022
£1.6bn raised
Kathleen Gallagher
11 January 2023 • 2 min read
The London Stock Market suffered last year with a dramatic decline in IPO activity and proceeds dropping 90% compared to the previous year, according to new figures. ..."
https://www.investmentweek.co.uk/news/4062499/ipos-london-drop-90-2022

The IPO market last year fell off a cliff, you you would expect that to create challenges for businesses reliant upon IPO business.

Conversely, it can create opportunities for shells looking for RTO candidates.

TheTruth,

David Scott isn't one of NZI's four directors:-
https://nziplc.com/board-of-directors/#targetid

You appear to be trying to smear the company by association.

Why not tell us 'the truth' about your real posting history:-

"Member Since
10th Feb 2023"
https://www.lse.co.uk/profiles/thetruth23/

22nd Sep 2022 9:05 am RNS Offer for Sèmè Field in Benin
"... with last production having taken place in 1998....
Last produced at a rate of approximately 2,000 barrels of oil per day. ..."
https://www.lse.co.uk/rns/ZEN/offer-for-s232m232-field-in-benin-9ipqkv85a2cynli.html

Flashgarden,

As production from the Sèmè Field in Benin is currently zero, ZEN won't have to do much to increase it from that level, will they.

And even a return to 2,000 barrels of oil per day could equate to c. US$73M. p.a. at c. US$100/barrel.

The combination of size and quality of this project looks significantly better than any opportunity ZEN has operated previously.

In comparison, looking back at the Azerbaijan project, the dangers and risks spring out at me.

"Comparing yemen to ww1 is ridiculous ... "

You say that Flashgarden, but you then immediately give another parallel between the two wars.

In WWI, there was a British economic embargo and naval blockade against Germany, and Germany used submarine warfare to try to break the transatlantic supply chain to Britain from other nations.

And the majority of wars end with a negotiated settlement, as in WWI, so hopefully that will happen with the conflict in Yemen, where neither side looks capable of an outright victory.

Thanks for these excellent updates MG.

Note that Yemen's corporate tax, after allowable deductions, seems to be 35% for O&G:-

"Corporate Tax
The standard corporate tax in Yemen is 20%. Other rates are applicable to specific categories. They are:
... 35% for oil, gas and mining activities and international telecommunication ..."
https://www.businesssetup.com/ye/tax-services-in-yemen

I think we've already established that the Benin project development cost will be low, because the modern infrastructure already in place will be used.

And to dismiss Yemen as a whole as a war zone is equally ridiculous.
As is usually the case in wars, the periodic conflict is quite localised.
Think of WWI as an example: virtually all the fighting between the Western allies and Germany occurred in a relatively narrow border strip.
So it's quite possible for O&G operations to continue.

Finally, being 'very sceptical and worried' about a falling s.p. per se can be a recipe for dumping at the bottom.
Sell if a company's fundamentals are deteriorating, not because the sky is falling

Well said TYB.

It's also frankly bizarre when someone calls for ZEN to make a big deal: well what on Earth do they think the Benin deal is?!!

Sèmè oilfield Benin operating licence:-
A production sharing contract being negotiated that could give ZEN a revenue share of USS100M.+ p.a., at great profit margins.

Winning the competitive bidding process for this project, in the face of significant competition, was the major hurdle.

In comparison, negotiating the Production Sharing Contract (PSC) for the project is I believe a done deal, although that's not being reflected in the s.p.

ZEN have 3 months to negotiate a PSC for the Benin project from 10th. January, so we can expect it to be finalised by Easter, which is not long away.

And while I wouldn't expect it to be announced before March, it looks like excellent progress is being made, and there's a good chance that the s.p. will move up beforehand in anticipation.

Thanks for that brilliant expose of Mls's posting history TYB.

So he was frenetically bashing ZEN, and urging people to sell, with complete nonsense, at 0.325p and 0.35p in November 2020.

Immediately before the ZEN s.p. rapidly quadruped by the end of December, to 1.375p.

What a complete and utter disgrace.

And a salutary reminder to be very careful about who you listen to.

22nd Sep 2022 9:05 am RNS Offer for Sèmè Field in Benin

"... Operationally, following potential acceptance of the Offer, the Company will seek to use the existing infrastructure installed in 2015, where previous development was stalled due to the low oil price environment at the time, to rapidly restore commercial production in the current high oil price climate for the benefit of the citizens of the Republic of Benin and Zenith Energy shareholders. ..."

https://www.lse.co.uk/rns/ZEN/offer-for-s232m232-field-in-benin-9ipqkv85a2cynli.html

Botham,

There's no purchase costs because it's not an acquisition.

And ZEN will use the existing infrastructure, installed in 2015, which will also greatly increase the speed to production.

That's the beauty of this deal: modern, paid-for infrastructure already in place, the oil already known to be there, and in a country with a good reputation for working with foreign O&G companies.

I can't for the life of me see why any intelligent and informed investor would prefer AXL to ZEN, especially to the extent of 'promoting' it on this board, to try to persuade investors to switch.

It look overvalued in comparison, and pretty risky.

Ezhik Premium Member Posted in: ZEN Posts: 6,091 Price: 0.825 No Opinion
RE: Alternatives O/T 20 Jan 2023 09:53
"Posted Saturday, just thought I would clarify that I didn't buy any AET. I read they are waiting for Govt approval or words to the similar which reminded me of the problems arising here whilst waiting for approval. The other synergies still remain though. I have bought AXL instead. ..."
https://www.lse.co.uk/profiles/ezhik/

On the day of that post by Ezhik, AXL was 19.9p.

Three day ago it closed at 17.2p, although it has now bounced slightly to 18p.

Investors should beware of the risks of punting on drilling results.

Look at some of the 'dusters' and crashed s.p.s last year, e.g. ADV (Advance Energy), CLON (Clontarf), ECO (Eco (Atlantic) Oil and Gas), and EME (Empyrean Energy).

And more recently, PRD (Predator Oil & Gas):-

25th Jan 2023 7:00 am RNS MOU-2 Drilling Update
" ... Re-evaluation of drilling mud programme required for unexpected geological formation before re-entry is considered. ..."
https://www.lse.co.uk/rns/PRD/mou-2-drilling-update-f241mhv45qamtio.html

22nd Sep 2022 9:05 am RNS Offer for Sèmè Field in Benin

"... Located in shallow water (30m) offshore with onshore facilities and tank farm for processing of oil production. ...

... Production facilities comprised of three platforms, the last being installed in 2014-2015. ..."

https://www.lse.co.uk/rns/ZEN/offer-for-s232m232-field-in-benin-9ipqkv85a2cynli.html

Ezhik,

First of all, the production facilities aren't ageing, they're modern.

And although it's offshore, its shallow, with good infrastructure already.

From Paycor's earnings call yesterday.

The market is still in its early stages of growth, is highly defensible, & mission-critical.

And I love the name of the company's CFO: he sounds like a real Prince Charming ... :-

"Paycor HCM (PYCR) Q2 2023 Earnings Call Transcript

By Motley Fool Transcribing – Feb 8, 2023 at 11:00PM

... Rachel White -- Vice President, Investor Relations

Good afternoon, and welcome to Paycor's earnings call for the second quarter of fiscal year 2023, which ended on December 31. On the call with me today are Raul Villar, Jr., Paycor's chief executive officer; and Adam Ante, Paycor's chief financial officer. ... With that, I'll turn the call over to Raul.

Raul Villar -- Chief Executive Officer

Thank you, Rachel, and thank you all for joining us to discuss Paycor's fiscal second-quarter results. Paycor's modern open platform with differentiated tools for leaders in industries continues to resonate with clients and win in the market. Revenue grew 29% this quarter, driven by record bookings and ongoing PEPM expansion. Adjusted operating income margin increased by over 300 basis points year over year, and we believe there is significant opportunity to drive further expansion as we scale.

Based on these robust results and our optimistic outlook for the remainder of the year, we are once again raising our guidance, which Adam will discuss in more detail. Our go-to-market motion continues to deliver excellent results as we strategically expand sales coverage in Tier 1 markets, leverage influential broker relationships, and continue to grow our average deal size. ...

We offer the only modern cloud platform empowering frontline leaders to be more effective by providing the insights and tools required to source, attract, develop, and retain their employees. ...

Let me close by reiterating how confident we are about Paycor's outlook. The labor market remains tight as nonfarm payrolls continue to increase, job openings are at elevated levels, and workforce participation remains low

Modest changes in unemployment or job openings are unlikely to materially impact our business as most of our revenue growth is derived from new business, and the market is still in the early stages of adopting modern cloud-based HCM solutions. Furthermore, HCM is highly defensible as our value proposition is mission-critical to attracting, paying, and retaining great talent while also driving a compelling return on investment for our clients. ..."

https://www.fool.com/earnings/call-transcripts/2023/02/08/paycor-hcm-pycr-q2-2023-earnings-call-transcript/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article