Member Info for Indebt1

If we are churning through warrants more cash for zen ! No selling pressure higher we go . We shouldn’t need to raise more funds .so sp will be much higher soon on fundamentals alone gla

Hope we recover on that rns patience will pay off here I hope

Exhik I was in bloe and from memory I think they were targeting 350 bopd and hit 1000 ish ( now not so good though ) so anything is possible I was in there at 3p and out between 9-12 p so happy days I’m hopeful of a similar sp reaction here . It’s all about getting lucky with your timing right And with some companies having unexpected delays I’ve been made a longterm holder in quite a few shares but patience usually pays off and AC is hopefully learning from past mistakes !hope we end the week on the up :-)

Leaky ship me thinks! Maybe the guy in the lada has been given the heads up on 500 bopd ?

Train will leave station on flow rates or once Loan notes cleared ( if they are selling them ) next stop 8p to clear 6p placing warrants !! Nearly debt free Clear skies all the way if we keep finding the black stuff Be patient and be rich good luck

It’s a transfer of shares between two parties off market but they later informed the market nothing to worry about roll on next week and hopefully wave goodbye to the 3s

There from the Norwegian market look on the London Stock Exchange home page

No worries a good flow rate and good sentiment will churn all outstanding warrants and hopefully back to original highs and beyond to get the longtermers there rewards good luck everyone and take some profit along the way

The original cln deal had an exercise price 0f 0.505 but they could use vwap so by my reckoning they needed to shift 12 million shares at around 4p (so give or take few million ) to clear the loan notes if they are converting !!the did notify the company in the last rns they sold 5 million ish . I’m assuming they will all be sold before news is released normal case in most aim or main listed companies . Good news on the horizon if you believe in the company hold for gold ignore the noise :-)

Conversion of Convertible Loan Facility

The Company has received a Conversion Notice ("Conversion") from the consortium of lenders (the "Lenders") for the US$1,500,000 Convertible Loan Facility ("Convertible Loan") announced on September 5, 2018.



The Conversion has been made for a total of 5,343,774 common shares (the "Conversion Shares") at a price of £0.021 per Conversion Share equivalent to a total amount of US$140,000.



Zenith can confirm that the total outstanding liability in relation to the Convertible Loan will now stand at US$560,000 following the Conversion.



On March 11, 2019, the Company announced that it had favourably renegotiated the Convertible Loan to include a fixed conversion price of £0.0505 ("Fixed Conversion Price") for the Convertible Loan Facility which expired on September 1, 2019.

The Company also announced that it had agreed with the Lenders to amend the terms of the Convertible Loan to include the possibility of optional redemptions (the "Optional Redemption") to be made by the Company in lieu of conversion of the Convertible Loan by the Lenders for set redemption amounts (the "Redemption Amounts") amortised across the duration of the Facility.

Zenith can confirm that it has paid a total of US$600,000 in Optional Redemptions to reduce the total outstanding liability in relation to the Convertible since the aforementioned revised terms were agreed.

Personally looking for 12 p once we prove this well flows at a better rate of bopd . I can’t see the need to raise cash outstanding warrants will raise a nice few quid along the way . a spike higher would be more than welcome though . Does anybody think they will take a break after drilling the next well as winters in azer are dry but very cold ?

Any think there converting the loan notes ? Sp seems to be absorbing large sells and not moving down ? Outstanding balance was $560000 about 12 million shares. on the original deal they could sell a vwap over 10 days. Unless the restructuring of the debt negates the original deal rns of the 5/9 18 ?

Ajb if your that sure they won’t get it right . Why don’t you sell up ?your statements don’t make sense I can only assume your trading this share ? I’m sure most people invest to make money or limit losses on a bad investment?

I’m sure a few of the longterm holders will find the negatives !! Good look all positive holders

https://twitter.com/zenithenergyltd/status/1153995056837222401?s=21

How’s your ETX trade going

https://www.*************.net/zenith-energy-ltd-commencement-of-well-deepening-operations-in-well-c-37/

Low Mkt cap/low shares in issue /already producing / i smell a rise coming :-)

Took a punt here with some bloe profits I see a similar rise here fingers crossed

And come back when bloe get the gas flowing that’s the big prize here . How many times do people sell there winners too early and lose money chasing rainbows ! No wild cat drills here solid foundations being built and doubtful there will be the usual aim placings with fcf in the millions soon to be realised $$$