Member Info for itisagame

“ Disinfectant Gel production in Pointe-Noire, Republic of the Congo“

That’s the one to watch, it’s low cost to manufacture but the shipping costs and size of it from China make it less attractive to buy from there so local manufacturers in Congo make sense.

I didn’t intend to come across as arguing or think that you were, I just wanted to point out and show real market prices.

If AC can produce anything be it, socks,PPE or oil and it’s profitable for zen then I can’t knock it.

I’m not knocking it, I’m not even in the industry but one of our suppliers has interests in many areas and factories and wanted to know if these could Be of use to our customer base in the UK and wanted to let us know availability from China is very much there. Just giving the details as it happens to be relevant today.

well to give a guide on a few bits readily available one of my sources from China quoted me this last week.
Millions available, ( prices quoted were for small volumes, lead time from China to UK)

“Item 1: Plastic face shields - Double sided anti-fog transparent with elastic head band and foam forehead protection.
£ 2.22 per unit. inc VAT
75 pieces in total.
1 per cellophane pack

Item 2: KN95 masks - Equivalent to FFP2, soft foldable mask non valved, elastic ear loops and adjustable nose bridge.
£2.64 per unit. inc VAT - MOQ 1000 pieces.
Flat foldable non valved.
Adjustable nose bridge for comfort fit.
7-9 days lead time after order received

Item 3: Surgical masks - 3 ply PP non woven (elastic ear loop and adjustable nose bridge).
£0.90 per unit.
Quantity 800 pieces in total.
Packed: 20 pieces per sanitized cellophane pack, then 100 per box”

Plenty of PPE available, it’s just darn expensive. If your interested AC let me know I’ll pass you their details.

https://www.google.co.uk/amp/s/www.latimes.com/lifestyle/story/2020-04-08/how-to-make-a-coronavirus-mask-out-of-a-sock%3f_amp=true

Andrea Cattaneo, Chief Executive Officer, commented:

"Our core focus is the acquisition and development of revenue generating oil and gas production assets in Africa. However, we recognise that the world is currently experiencing unprecedented challenges for which civil society and commercial enterprises must proactively find ways of adapting to successfully overcome the challenges at hand.

This is something oil majors such as ExxonMobil are doing and which we, at a much smaller scale and in a different way, are looking to emulate - without distraction from our primary objective of acquiring oil and gas production assets in Africa at advantageous terms in the current low oil price environment.

The manufacturing of face masks and sanitising gel presents a low-cost, relatively simple, both commercial and humanitarian opportunity to enhance Zenith's settlement in Africa at a time of world crisis."

The Company can confirm that it has identified a suitable manufacturing facility location in Northern England and is currently in negotiations with a number of Chinese companies selling PPE manufacturing equipment.

In addition, a business plan is being formalised for its future UK PPE manufacturing operations to coordinate the procurement of the materials required for the manufacturing of PPE and identify suitable staff who will require training to operate the selected manufacturing equipment.

It is anticipated that an order for three protective mask manufacturing units, capable of producing up to 50,000 protective masks per day, will be completed during the month of May 2020.

The indicative cost of each manufacturing unit is approximately US$25,000.

Disinfectant Gel production in Pointe-Noire, Republic of the Congo

As announced on April 17, 2020, the Company has successfully renegotiated the terms for the acquisition from AIM listed Anglo African Oil & Gas plc ("AAOG") of 100 per cent. of its fully owned subsidiary in in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U, ("AAOG Congo") which has a 56 per cent. interest in the Tilapia oilfield.

The Company is in discussions with a local partner in Pointe-Noire to finalise an agreement for the establishment of a manufacturing facility for medical grade hand sanitiser ("Disinfectant Gel").

All the necessary equipment for the manufacturing of Disinfectant Gel has already been identified and will be provided by an Italian supplier.

Zenith expects to shortly finalise an understanding with its local partner in order to proceed with the identification of a suitable production location to begin production of Disinfectant Gel for the benefit of the local population.

It is expected that the local partner will provide a production facility location at no cost to Zenith.

("Zenith" or the "Company")

Manufacturing of PPE for Africa

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the listed international oil & gas production company focused on African development opportunities, is pleased to announce that it is in advanced discussions to establish a commercial PPE manufacturing enterprise, specifically protective face masks, in the United Kingdom to combat the COVID-19 pandemic.

Rationale

· Zenith recognises the unprecedented challenges posed by the COVID-19 pandemic to populations across the world, especially in developing countries with limited intensive-care capacity and where fewer jobs can be performed remotely.

· The Company has observed publicly reported difficulties in the procurement and timely delivery of protective face masks across the world.

· Zenith intends to explore what kind of assistance may be provided by the UK government in terms of funding to support the establishment of PPE manufacturing in the United Kingdom.

· The key to success for junior oil and gas production companies such as Zenith will be the achievement of significant reductions in its production costs in reaction to the recent decline in oil prices, as well as the ability to safeguard the welfare of its employees and local communities in order to ensure unaffected oil and gas production operations.

· In the first instance, the Company intends to export PPE manufactured in the UK to African countries, specifically the Republic of the Congo and other African countries where Zenith is seeking to acquire oil and gas production assets. In a secondary phase, the Company may establish PPE manufacturing activities in the vicinity of its oil and gas production operations.

· The Company believes that, whilst the pandemic will likely slow in developed countries in the near-term, there is a probable danger it will accelerate in developing countries, who will therefore require sustained assistance to overcome COVID-19.

· There is consensus that there will be increasing global demand for PPE, including protective face masks, until an effective vaccine for COVID-19 becomes widely available, which most experts do not anticipate happening prior to mid-2021.

“Motif Bio's cash balance was approximately £0.25 million as at 14 April 2020 and with outstanding and expected near term obligations the Company currently has sufficient working capital into May 2020.”

We go “into” May Friday.

I couldn't find one when i looked a while ago for saltfleetby or FES, if he has one set up for AAOG it should be [firstname].[lastname]@aaog.com

but hes not on the board, only offering his services, dont forget forum put on the board Non-Executive Directors who may be able to assist :
Dexter Ferreira
Tania Maciver

I have no doubt Val will raise capital as an when possible, but am i right in thinking that this time around with the rejection of the resolution for "Disapplication of Pre-emption rights" any placing will have to be offered to shareholders first - eg open offer, meaning that this time the company should be unable to let YA (or equivalent parasites) buy up a placing and forward sell the stock before it announced to the market? assuming existing holders take up the open offer.

"Disapplication of Pre-emption rights - Shareholders' Special Resolution to disapply. Under the Companies Act 2006, existing shareholders have the right to be offered shares pro rata to their existing shareholdings before any new shares are allotted. This is called a pre-emption right."

they probably wont hear from him until he wants to float the weed companies.

And for fun lets check his latest movements.....
https://beta.companieshouse.gov.uk/company/OC431308/officers

So He "walked away" from Iconics board because of the heat at the time from all bs spouted, and now hes director at newly set up INFOTAGION LLP which is what Icon are using to ramp volume, suck new buyers in and enable EGHOS to sell yet more placing shares.

"David explained to the Company that while he will continue to be involved in and support the Company's operations, and in particular business development, he felt that rumour and market speculation in respect of one of his previous companies, Anglo African Oil & Gas Plc ("AAOG"), was having an adverse effect on the Company such that it was in the interest of the Company that he is not involved as a director or in the financing plans for the Company at this time."

It wasnt rumours though was it! A Leopard Never Changes Its spots, still extracting from shareholders even from afar.

Might be North Korea this time, unfortunately they have the capability to nuke Japan, fingers are crossed that this passes without incident.

Today :
"Signs of imminent North Korea mobile missile launch detected: report

Seoul – A South Korean newspaper reported Saturday that the United States has detected signs of North Korea making preparations for a missile launch — news that comes amid rumors of leader Kim Jong Un’s ill health.

According to the electronic version of the Dong-A Ilbo newspaper, a mobile launch vehicle was on Friday deployed in an airfield in Sondok, in South Hamgyong province. U.S. officials believe a launch could occur within 48 hours.

The possibility of North Korea testing a missile with a longer range than a short-range missile has been raised, the report said.

North Korea on April 14 fired several projectiles, believed to be short-range cruise missiles, into the Sea of Japan.

In March, the country test-fired short-range missiles on four occasions."

How much does it cost to manufacture a test kit?
profit per kit at 4m?
profit per kit at 8m?

Or loose a lot if you don’t.

I find it 50/50 in general, but only had one with a large II prior which didn’t relist. It’s all about the asset they want to list, and the price they raise the bulk capital at.

Seen many float assets worth peanuts and the directors just milk the listing as an exit, and many with great assets list for peanuts that end up golden. Some took a few months some took over a year and there is generally plenty of speculation in between so often possible to end up with a free float holding if you time it right.

Up another 75% and the ESA will be being sold in to a higher price than when it was announced.

Not saying it will react the same but look at RLD and how that acted around the time it became a shell, a few hundred k to a few mil in a few weeks.

A few similarities- low cash small raises - large investors taking on large chunks - both have losses on the books - same resource sector.

Plenty of risk with shell companies, but not many have 20-30% investors in to begin with.

As it stands, We are lucky that the asset is still in a company that we can have exposure to and it can still earn back some losses for many.
a large chunk of the £20/30m whatever it was in The end that aaog had raised and spent was on the asset.

After all It could have been DS buying it for £200k.

I still think it has great value, just needs some targeted investment and time, Zen will probably renegotiate the debts or fund a way around a lot of them as they will be the main creditor of the company.

Similar story with all the cash raised and spent on the Coro assets by sound and everyone else over the years.

And If they stuck to the articles of association and cut their pays inline with it, actually prioritised the license renewal, raised capital conventionally, and not with the isa and other underhanded bs, and use company funds to fund their own new ventures it would be a lot closer to the 30p then it is today.