Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Warranta were issued at 7.48p last year for three years from issue date.
Hope this helps.
I read all of them Tiburn - good information and insight - keep posting.
Agreed - they seemed relaxed and appeared confident that it was only a matter of time before we see the first deals. Also funding in place to mid next year (2021), and it will only take one deal to turn them cash positive. As many have said previously just need to get that first licence signed and more will follow.
More ISA money coming in on Monday - perhaps?
Stop wasting time and money on these update RNS's. We know, the market knows, as we are invested we take an interest in each RNS.
The one RNS that is going to make a difference, reassure shareholders and move the SP forward is to get the $9.5m in from ANS or at least give a date when it can be expected to be paid. I don't care the paperwork is signed and agreed at the general meeting - it's cash in the bank that matters - so get this done.
Zen may have agreed to buy 80% of AAOG's 56% of the Congo, but they don't own it yet and they haven't even delivered on the loan they promised by the end of Jan. So until this is a done deal all the planning for a rig could be a waste of time and money.
Absolutely Irish. Zen acting like they own the place but they don't. I do hope that Forum are our white knight.
Zen do not own the 80% of AAOG 56% yet, therefore why are SNCP not repaying us (AAOG) and why are our board not chasing this. According to previous RNS's there was a repayment plan in place but that dried up 6 months ago?
I can not believe that due to SNCP not paying, this has forced us in to a fire sale and/or potential liquidation, when we paid for their drilling costs in the first place.
Whilst I appreciate there may be liabilities that would need to be settled, surely recovering the cash (even if they take away the proposed licence renewal), would give us a cash shell worth more that the current market cap? Seems we have been shafted by SNCP and our Board have done nothing about it.
Harry's message states that all agreed and the general meeting is just a formality, I guess we have to be patient for this to follow due process. Funds will be paid after it has been rubber stamped, doesn't actually say on the day of the meeting, so hopefully within a few days of the meeting.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Preparing for operations in West Africa
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to update the market on its progress in preparing for operations in West Africa, following the decision of the board of Anglo African Oil & Gas plc ("AAOG") to recommend to its shareholders the disposal of an interest of 80 per cent of its wholly owned subsidiary, Anglo African Oil & Gas Congo S.A.U. ("AAOG Congo") to Zenith under an SPA announced on December 27, 2019 and subject to the approval of AAOG shareholders.
Zenith is pleased to announce that it has appointed Mr. André-Brice Boumbendje to its Advisory Committee.
Mr. Boumbendje started his career at Schlumberger, later worked at Marathon Petroleum Corporation, and then became Senior Manager for Planning & Budget at Maurel & Prom, a leading French independent recently purchased by the national oil company of Indonesia, Pertamina.
After returning to his home country, Gabon, and after a period of teaching, he worked for the Ministry of Defence and later for the Ministry of Hydrocarbons & Mines of the Republic of Gabon, where he is currently employed. In 2016, he was appointed as Diplomatic Counsel for the Ministry of Hydrocarbons and the representative of the Republic of Gabon at OPEC in Vienna.
Mr. Boumbendje's appointment is expected to help Zenith in its management of governmental relations in the French speaking countries of Central Africa, especially the Republic of the Congo (where the Tilapia oilfield is located).
Gabon is one of the oldest sub-Saharan African OPEC members, having become a full member in 1975.
Thanks TT, with the price as it is today - I would take that £100m = circa 25p a share. This would be slightly better than break even on the issue price of 20p in March 17 (although I have averaged down since) when I first bought with the promise of greater riches.
so best guess, what is the AAOG block worth - £100m? £200m?
DALpat
if the chinese buy New Age is the thinking they will buy AAOG?
- Not looking at the lack of share price movement this morning (despite the buys showing this morning), unless they are looking to only pay £11m.
This has been around the 4.40p to buy for a few days now and the price has stabilised, so have taken the plunge and bought earlier today, thinking that news could hit any day now and it would expect it to be positive to boost the price. IMHO.
I assume this is a BUY, as over the past week or so this SP has dropped for even small sells, so if this size was a sell, this would have dropped off a cliff.
Get rid of Sefton and Berwick.... Corporate greed and self interest. Get some fresh blood in that is fully and singly minded to get Djeno into production, with appropriate incentives. Not DS and JB who with interest elsewhere as something to fall back on.
I am invested and have been since the 20p raise. I have also been to a few of the presentation by DS over the last 12-18 months, so have listened to the good news story. And yet here I am > 75% down on my investment and now they have spend my company's money to fill their own pockets.
Time for a change.