Member Info for itisagame

I think i got most of them, i skipped the raises not for cash. ~ £30m in total.

Mar-17 IPO £8.8m
17/05/2018 Sister Placing £7.4m
24/10/2018 Sandabel CLN £1.0m (was a facility for £5m but only £1m drawn)
09/01/2019 Placing £6.0m
17/07/2019 Milton £2.56m
27/12/2019 ATOG repayments £250k
20/01/2020 FORUM ISA Shares £360k
Total £26.37m

18/02/2019 SNPC repayment $663k
25/04/2019 SNPC repayment $600k
17/05/2019 SNPC repayment $716k
28/06/2019 SNPC repayment $850k
19/09/2019 SNPC repayment $600k
Total $3.429m

Notes :
I cannot find RNS for the other ~$500k from SNPC should add up to US$3.956 million.
17/07/2019 Isa - "£5.685" Don’t know exactly how much was received from the 25m shares sold under scheme.

All it takes is someone to look at the bank account and see where any bigger single payments in chunks of say minimum ~£25k+ have been paid to, along with repetitive monthly figures and put the invoices against them, Its less than one week of basic accounts admin if you ignore the smaller payments. and they could give a detailed brake down on where the majority of the money went and would cost bugger all. Should be easy enough to provide if it’s all above board and they have not been paying in cash by suitcase to everyone. No need for
lawyers, worse case its a basic audit.

Some are buys, some are sells, either way It seems it’s being forced to move down and be suppressed, as you have been able to sell 2-3m in one chunk since 0.35, so anyone wanting to sell a reasonable amount of held stock has been able too. The multiple tiny share sells is probably someone (probably Riverfort or similar shorting trying to lower the sp and the vwap in a quiet trading period, or an opportunist shorter), but not wanting to take on much risk as it could move sharply at any point, simply to drive the price down.

Don’t forget someone just for 2.99% as a billy bonus.

Apart from ~$10m for Congo does Anyone know the current total capex requirements for each of the other current projects?

It’s an additional asset, could work in our favour if they pay for it with shares. All I’d say is $40/barrel costs is very high, must be a bribe or two built in to that price.

“ The Potential Acquisition will complement our recent acquisition in the Republic of the Congo and enlarge our footprint in a prolific oil production region.”

Just As long as he gets one producing, And not just add it to the pile of to do list.

Oils at $50/55 today so he must initially expect it to only cost around $1-1.5m to reactivate.

Yesterday’s rns about visiting Africa wasn’t all about AAOG after all, maybe taking this on is a sweetener with SNPC

Going to use up the whole bond facility at this rate.

I’m working on a finance package for AAOG, I’ll know Saturday night around 9pm if it’s a goer or not, it’s cost me £2 in due diligence so far. Fingers crossed. ;)

www.national-lottery.co.uk

If the worse case is that the Zen deal goes ahead and AAOG end up in a position of ; £1m from Zen (£500 cash/£500k shares) , $1m due from SNPC, free carry on drill, free carry on license renewal, removed 80% of debt burden of AAOG Congo, Forum free to take over and do whatever their plan is, then at £1m Mcap it’s really not that bad. (I’m not ignoring that At the £40m Mcap last year it’s a terrible deal. )

But again, it’s more positive news from AC which I’ll take every day compared to the forced negative news our board puts out.
We could have SNPC pay us in full and Sarah and James will make it sound dreadful in an RNS.

As He mentioned “Mengo”, it will be fine. It was the magic word for the SNPC. Good luck, good job. Fingers crossed April.

Expected that We are drilling in APRIL 2020.

· Meetings were held with SNPC with regards to seeking clarity on the repayment of the approximately US$5.3 million owed to AAOGC as a result of past work completed on the License. Zenith's confidence in obtaining repayment of the aforementioned amount, of which it will retain 80% upon Completion of the acquisition of AAOGC, has been encouraged following these meetings.

· Zenith can confirm that it has identified two suitable drilling rigs, both of which are in the proximity of the License (thereby significantly reducing mobilisation costs), to perform drilling operations in the License. Due to known difficulties experienced by previous operators with drilling equipment, Zenith will request a rigorous third-party comprehensive inspection of both units to be provided for the purposes of its commercial and technical tendering evaluations.

Successful Issue of Bonds & Operational Update

Zenith Energy Ltd., ("Zenith" or the "Company), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to provide an update on a number of financial and operational matters.



EUR 25 million EMTN Programme


As anticipated on January 20, 2020, the Company is pleased to announce that the following unsecured, multi-currency Euro Medium Term Notes at par value have now been issued (the "Notes"):

· EURO 1,000,000 bearing an interest of 10.125 per cent per year (the "EUR-Notes"). ISIN: XS2108546735

· GBP 1,000,000 bearing an interest of 10.50 per cent per year (the "GBP-Notes"). ISIN: XS2108546578

· USD 1,000,000 bearing an interest of 10.375 per cent per year (the "USD-Notes"). ISIN: XS2108546651

· CHF 1,000,000 bearing an interest of 10.00 per cent per year (the "CHF-Notes"). ISIN: XS2108546818

The distribution of the Notes is currently ongoing across a number of markets. It is expected that the USD Notes will shortly be the first fully subscribed series of Notes.

The Notes have been issued under Zenith's EUR 25,000,000 multi-currency Euro Medium Term Notes Programme, as announced by the Company on November 6, 2019, and will be due on January 27, 2024.

The Notes are governed by Austrian law and, since the Notes are not convertible into equity of Zenith, the issuance of the Notes is not subject to the approval of the TSX Venture Exchange in Canada.

The issue of the Notes is aligned with the Company's strategy of diversifying its financing towards non-equity dilutive funding to support its continued successful development.

AAOG Congo Acquisition

The Company's management has in recent weeks completed a number of visits to the Republic of the Congo to achieve completion of the SPA ("Completion"), announced on December 27, 2019, for the acquisition of an 80 percent interest in AAOG Congo ("AAOGC"), which has a 56 percent majority interest in, and is operator of, the Tilapia oilfield in the Republic of the Congo (the "License").

Management believes significant progress has been achieved during recent weeks and is pleased to report the following key highlights:

· Zenith has met with the relevant authorities to discuss the renewal of the License for a new 25-year term, as well as developing an understanding of the required signature bonus amount.

· The Company has also met with SNPC to present its development programme for Tilapia. Specific discussions were held in relation to geological and technical matters in relation to future planned drilling activities to produce the Mengo and Djeno horizons. Drilling operations are expected to commence during April 2020.

· Meetings were held with SNPC with regards to seeking clarity on the repayment of the approximately US$5.3 million owed to AAOGC as a result of past work completed on the License. Zenith's confidence in obtaining repayment of

Successful Issue of Bonds & Operational Update

Zenith Energy Ltd., ("Zenith" or the "Company), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to provide an update on a number of financial and operational matters.

Only the same connection as all holders here, in that i currently own shares in a company that pay their office rent and are dealing with the fallout of their directors past and present decisions.

Im just a PI, that likes to research and dig in to the companies i buy.

6 x 1 trade shares friday, and 6 rns today.

The "1 share trade" really cannot just be a myth, it happens all to often :)

I expect that they have "large" orders to buy or sell in the background at ~0.3p, with not much volume available on the table its triggering auctions to try and fill it with whatever is available.

"A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today."

and probably because Its only a 50,000 market size share which is currently £150, so a single small order can take out the default whole block of shares held by one or more mm which bumps the price one way or another. We did have 5mm on 0.3p until today, they have moved down now.

Or who knows maybe they are just checking its still alive.

more concerned about the ~£20m they managed to extract over the 2 years, the last (or latest?) £350k is chump change in comparison to the total.

Sarah’s probably taken Riverforts CLN up and forgot to tell us, and Riverfort are lowering our vwap with tiny trades to earn a few more quid from us theirselves.

I wonder how the SPA is worded, If AAOG abandons the deal and is exposed to costs as Sarah suggested in December / January surely the opposite scenario has Zen exposed to the same costs if they terminated?

Zen @1.4p, our vwap on the £500k shares is lowering every day, we’re up about 50% on the amount of shares due to us since the announcement.