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NWT's 2022 chart pattern is exhibiting the classic double bottom technical formation, a bullish reversal signal.

The bottom being the closing mid price of 25p: reached on 6th. April, and 15th. - 17th. September.

From Investopedia.com:-

"What Are Double Bottom Patterns?

Spot Major Potential Trend Reversals with Double Bottoms

By JAMES CHEN Updated October 13, 2022
Reviewed by CHARLES POTTERS
Fact checked by MICHAEL LOGAN

What Is a Double Bottom?

A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.
1

In terms of profit targets, a conservative reading of the pattern suggests the minimum-move price target is equal to the distance of the two lows and the intermediate high. More aggressive targets are double the distance between the two lows and the intermediate high. ...

While the double bottom low remains in place, price movement is likely to exhibit a retracement higher and possibly indicate the beginning of a new uptrend. ..."

https://www.investopedia.com/terms/d/doublebottom.asp#:~:text=of%20views%20worldwide.-,What%20Is%20a%20Double%20Bottom%3F,down%20move%20in%20market%20trading.

From ZEN's annual report for the year ended 31.3.22, page 15:-

"Position of Group's business at the year end

At the year end the Group's Statement of Financial Position shows current assets totaling CAD$28,774K (2021 - CAD$18,942K) and non-current assets totaling CAD$230,526K ( 2021 - CAD$100,494k)."

https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/08/Annual-Report-Zenith-Energy-31.03.2022.pdf

https://www.zenithenergy.ca/investors/reports/

= current + non-current assets of CAD$259,300

= CAD$0.1384/share. = 8.6p/share.

And funnily enough, ZEN actually floated at not far short of 8p, nearly six years ago: raising £2.33M. in an IPO placing at 7p, in January 2017.

So do sometimes find that shares that have fallen a long way, before making impressive progress and exciting the market, return to previous significant price levels.

And a typical pattern in such cases is a long, gradual decline for years, followed by a shorter period of 'bottoming', and then a far quicker explosion back upwards.

ZEN looks to fit the bill perfectly to potentially become such a share.

"guess the series rule
2,4,8"

Well Flashgarden,

Could it perhaps be a Freudian slip/hint?!

2: ZEN doubles to 2p on Tilapia (Congo) licence award
4: ZEN doubles to 4p on Sèmè (Benin) licence award
8: ZEN doubles to 8p on Egypt & Yemen acquisitions

Maybe your 'secret garden' isn't quite so secret anymore!

Exactly, Calllit.

ZEN only RNSed the opening of its Yemen office on 14th. November, i.e. 11 days ago.
And the Yemen 3,000 bopd deal speculation was only posted here for the first time on Tuesday evening.

Completing a letter of intent, or a binding contract, from the start of negotiations, does generally take longer than this.

So for Flashgarden to make this "...but the longer we wait ...." comment, aimed at sewing negativity, is clearly being very misleading.

It's quite clear to me that he is mounting a deramping campaign here, that is not being fair to ZEN's impressive progress and investment merits.

23rd Nov 2022 7:00 am RNS Interim Results

Unaudited Interim Results

TMT Acquisition (LSE: TMTA), the investment business established to pursue opportunities in the technology, media and telecom sector, today announces its unaudited interim results for the period ended 30 September 2022.

Financial Highlights

• Net cash as at 30 September 2022 of £4,750,869

• Net assets as at 30 September 2022 of £4,731,814

• Operating loss and loss before tax of £45,461

• Basic and diluted loss per share of £0.00

Harry Hyman, Non-Executive Chairman of TMT Acquisition, said:

"The impact of the conflict in Ukraine combined with global inflation and rising interest rates has adversely affected global equity markets, resulting in significantly lower valuations, particularly for technology stocks. These macro events and subsequent reduction in valuations are presenting investment opportunities for the Board to evaluate, and we have seen an increase in the number of opportunities in recent weeks and months.

We continue to apply a disciplined approach when evaluating opportunities, focusing on the quality of earnings and the calibre of the management team, with the objective to generate attractive long-term returns for shareholders. We have continued to look at opportunities in the technology space and we hope to have identified a suitable acquisition in the next 6 months or so. We have just under £5m available to invest in a suitable target company looking for a listing.

With the rise in interest rates the Board has recently assessed various product offers to maximise the return on cash on deposit. The directors believe current rates will broadly offset the ongoing administrative expenses and listing fees.

We believe that our strong cash position, the current economic downturn combined with our disciplined and patient approach, puts us in a prime position to execute on our strategy.

Finally, I would like to take this opportunity to thank all my fellow shareholders for their continued support" ...

https://www.lse.co.uk/rns/TMTA/interim-results-kppjxf6v5m4lcnn.html

Good to see that NWT will be engaging in this sort of promotional activity after its imminent final results.

It's a sign that the company will have a very appealing investment case to publicise, and that the company is attempting to enhance its investment appeal.

"MelloMonday, 12th December 2022, 5pm - 9pm"

"Company presentation – Newmark Security plc

Newmark Security PLC (AIM:NWT) delivers long-term shareholder value through the provision of products and services that protect both personnel and their data while ensuring security for an organisation’s physical assets. Listed on the AIM market of the London Stock Exchange since 1997, we design and manufacture a range of specialist products and services that ensure safe, secure and productive workplaces. From its locations in the UK and the US, the organisation operates through subsidiary businesses positioned in specialist, high-growth markets.

Safetell provides physical security installations to numerous end-user sectors. Products and services range from Asset Protection Solutions to Counter Terror Deployments. Grosvenor Technology serves the Access Control and Human Capital Management markets globally providing both hardware and software to collect and secure data while maintaining privacy, ensuring compliance and reducing operating costs for its clients. This is typically provisioned through a recurring software as a service model.

Generating a great proportion of its revenues from recurring services through Software as a Service (SaaS) and Clock as a Service (ClaaS) provisioning is part of Newmark’s overarching strategy which is dedicated to building a business that has long-term stability and sustainability at its core."

http://melloevents.com/mellomonday-12th-december/

Thanks to Melloteam on ADVFN for posting this good news yesterday evening:-

melloteam 24 Nov '22 - 21:47 - 5131 of 5132 0 1 0

Just to let shareholders and prospective investors know that Newmark Security, Tharisa and Duke Royalty will be presenting on the MelloMonday webinar at 5pm on Monday 12th December 2022. Https://melloevents.com/mellomonday-12th-december/

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://www.tickettailor.com/events/melloeventslimited/795141

https://uk.advfn.com/cmn/fbb/thread.php3?id=7257146

"If they had been officially granted those 3000 bbld in Yemen, we would have know by now via a RNS, don't you think?"

Such a RNS would typically be issued when something definite is signed: e.g. a letter of intent, or a binding contract.

The research and speculation posted is pointing to that as a possibility - no one is saying that it has actually happened yet.

So there is the potential here to get in ahead of such an announcement.

I think that it's preferable to have an indicator like this than no indicator at all, isn't it.

But this isn't a binary bet on such an RNS: there's plenty else going on here, e.g. Italy, Tunisia, Congo, Benin, & Egypt.

I repeat my view that non-shareholders are clearly not sitting comfortably being uninvested here.
I though certainly am, and I would imagine that it's the same for other shareholders here.

"You get criticised for, among other things, posting false information (today's ZEN fall of 0.5p, from 0.925p, is actually a fall of 5.4%)"

Typing amendment: the fall is of course 0.05p.

"Looks like -8% on google. Be careful Russ or you’ll get attacked being negative"

Mls,

You don't get attacked for being negative per se.
You get criticised for, among other things, posting false information (today's ZEN fall of 0.5p, from 0.925p, is actually a fall of 5.4%); and debasing LSE by posting idiocy: anyone who can call a 'no oil' RNS a strong buy signal, immediately before an opening fall of a quarter, clearly has no credibility.

Yesterday's ZEN rise of 12.12% (to 0.925p) was actually its highest percentage rise since early March, and looks to me like quite an exciting change in momentum.

And it came just one and a half trading days after you predicted a fall to 0.7p. Enough said I think.

"I am hopeful it will change. Thats why I still look in on here."

Flashgarden,

That above statement from you suggested that you were not a shareholder here.

Most people, if they had a shareholding here, would surely check it anyway wouldn't they, regardless of what they hoped?

However, everyone's different, so I will not pass judgement!

But I would add that you're the one who implicitly raised the issue of you shareholding, after attacking Takeyourbets for posting about his trading!!

A 1,200% annual revenue increase is pretty good for starters, and I look forward to the main course.

Flashgarden,

With careful research & reading between the lines, investors can sometimes get an advanced indication of what may happen. Yes, there is speculation here, but it's certainly not unfounded; and as long as its clear that it is speculation, and not claimed to be fact, that is entirely legitimate.

I'm surprised that you should attack this careful and impressive research, but then implicitly back a poster here for issuing a 'Strong Buy' recommendation for a 'No Oil' RNS (both before the trading day started) - within an hour, that s.p. had fallen by a quarter. It's right and proper that such idiocy should be flagged up.

And you're doing more than just 'looking in here' with eight posts on ZEN in the last month, out of 12 total: clearly you're not sitting comfortably being uninvested here.

ZEN's increase in revenues has been stunning, and the imminent interim results will make this even clearer.

A 13.82-fold increase in revenues, i.e. an increase of over 1,200%:-
"During the financial year ended March 31, 2022, the Company:
· Generated revenues from the production of oil, gas, and electricity of CAD$8,239,000 (2021 - CAD$596,000)."
https://www.lse.co.uk/rns/ZEN/publication-of-2022-fy-annual-audited-report-71ck0aipg5yb8lo.html

And they are expected to exceed that full year revenue of CAD$8,239,000 in just the first half of this year alone, i.e. the six months that ended at the end of September.

On top of that, the company could now have FOUR potential big licence awards or acquisitions on the boil: Congo, Benin, Egypt, and Yemen.
Any of which could potentially land at any time, and any one of which could potentially cause a huge opening s.p. uplift, making it impossible to buy in near the current s.p., certainly in any size.

And can you imagine if all four came in in relatively short succession?

Remember that ZEN acquired the Congo and Tunisian assets within a relatively short time period of each other, and also had an option to acquire Coro's Italian energy assets at about the same time.

That makes it fairly bonkers to me to wait before buying in here, but each to their own investment strategy.
You are criticising ours, so I think that we can return the compliment.

There's been an interesting NWT share price rise today, closing up 0.5p at 33p, on no buy volume.

Just one sell for 32p after the initial price rise, compared to the opening bid price of 30p.

This suggests that there is a substantial worked buy order in the background, with the price being raised in order to try to fill it; &/or that a market maker has got wind of good news (market makers sometimes also act as brokers).

It certainly wouldn't take much buying to move NWT sharply back into the 40s, and with the company's final results due in a few days the current upward momentum could well have legs.

"rerate coming soon!!"

I say 'Amen' to that.

Or perhaps I should say 'Yemen' ...

3000bopd = 1,095,000 barrels of oil per year.

At an average oil price of say c. US$100/barrel, that would equate to a sale value of c. US$109.5M. p.a.

Mls,

You can't deny issuing a 'Strong Buy' recommendation for a 'No Oil' RNS, all before the trading day started.

I will leave it at that.

mls678 Posted in: ZEN Posts: 913 Price: 3.40 Strong Buy
RE: Bla bla bla 27 Sep 2018 19:32
"So sell and don't waste your time and effort posting here.
This could change in an instant with the right kit and the glass half full types on here (of which I'm one) remain forward looking."
https://www.lse.co.uk/profiles/mls678/?page=40

mls678 Posted in: MATD Posts: 913 Price: 6.025 No Opinion
Buys 20 Sep 2018 08:57
"Sea of buys largely this morning"

mls678 Posted in: MATD Posts: 913 Price: 7.925 Strong Buy
RNS - No Oil 20 Sep 2018 07:03
"Shame but we move on."

https://www.lse.co.uk/profiles/mls678/?page=40

Thanks for that useful update Lazygun.

"Goldman Sees $5 Gasoline, $130 Brent By Year End
By Julianne Geiger - Aug 11, 2022, 5:30 PM CDT"
https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-5-Gasoline-130-Brent-By-Year-End.html

Paul,

A few months ago Goldman Sachs was forecasting $130/barrel by the end of this year, which is now looking pretty unlikely.

I think there's quite a lot of educated guesswork in these forecasts, and the further out you go, the more unreliable they are likely to be.

But you would think that with the world economy recovering, and cheaper sources of oil being increasingly depleted, there's a good chance that oil prices could consolidate at, or not too far from, the $100/barrel level for a few years.
Which could be the ideal situation: not too high, but not too low.