Member Info for kelsbells

I had the same with HL, I called them and they said TBN shares will show on our account probably over the next week

I think this raise can only logically mean there’s no farm out coming imminently

Also weren’t we due results on flow rates by end of Q1?

With us close to 20p and TBN around 44 in US are we currently trading roughly in sync with where we should be against the agreed merger or is there a bigger differential than you would expect?

I actually think the rns from fog this morning was pretty good and makes strategic sense

Really hard to get your head around the lack of trades and momentum today on the back of that rns !

Tyb is basically Rose Dawson from titanic, even when the ship is going down in the last moments tyb will hold AC‘’s hand and promise that he’ll never let go !

No one invested in this company over the last 6 years here or in Norway to end up looking to pick up some minor assets in Oklahoma! This is a terrible fly by the seat of your pants business strategy that is taken purely out of desperation to keep this pointless enterprise going . But psychologically people have to believe when they’re this committed inspite of the bleeding obvious that’s staring them in the face . Ask yourself one question, if you could start again would you invest in zen today ?

Yeah derampers have clearly been so wrong here over the last 3 years!! if people can’t see the reality of what’s happened here and continues to happen with every fairytale rns , then they sort of deserve what is undoubtedly coming their way . And contrary to belief you can’t just sell if you don’t agree with the direction of travel , this share is about as illiquid as it gets. Call up a broker and ask how much you could sell 3/4 m shares for here and they would offer you something in the region of 0.3…definition of a basket case share

With zens track record, does the communication from the Yemeni govt in response to the jan SPA rns not give you a teeny weeny bit of a gut feeling that the Yemen asset might not actually get done ?!! People say dyor all the time and then seemingly ignore clear red flags like that !! …blind leading the blind

AL-MUKALLA, Yemen: The internationally recognized government of Yemen has flatly denied a statement by international oil company Zenith Netherlands regarding the acquisition of oil fields managed by OMV in Yemen’s southern province of Shabwa, saying that the company is ineligible to acquire oil assets in the country.

Yemen’s Oil Ministry said that it had not authorized the sale of OMV oil facilities in Yemen to the Dutch company, accusing both companies of releasing “misleading” information.

The Yemeni ministry said that for any purchase deal to be approved, the purchasing business must be multinational, well known, as well as financially and technically competent.

Zenith Netherlands does not meet the ministry’s financial and technical conditions for relinquishing OMV’s shares, it added.

“The Ministry of Oil and Minerals holds OMV and Zenith companies legally liable for disseminating such misleading information.”

Friday was the starting gun being fired for major problems in the wider market, because of their constant failure Zen are in a shocking position share price wise to deal with what may come , buckle up !

People can talk up or down a share , give their opinion blah blah blah but the share price tells the factual ultimate truth, ipso facto the market doesn’t believe the narrative being told here

Tyb you continue your 100% run of being wrong , when the news came out I did post actually, asking if anyone knew how this acquisition would be funded. But why let the truth get in the way of your story!
Anyway it’s still ridiculous lining up an acquisition in one of the most politically difficult countries in the world , announcing the agreed acquisition price of $21.6m while clearly having had no conversation with the relevant authorities about their criteria for any takeover in their country. And it’s clear that the Yemen government have had their nose put out of joint that an agreement in principle is in place without their knowledge. It’s hard enough getting approval in any countries as shareholders here have learned plenty of times, without upsetting people from the start . I would there’s an extremely small chance of this happening now .

Tyb I know you just like to make things up on the spot but to be clear unlike you I’ve never been banned, I post here occasionally because it’s a free forum and I like to look in from time to time.
By the way in mid 2020 you were telling everyone we would be producing 3,000 bopd from tilipia by the end of that yeah and in typical fashion shouting down people who disagreed with you. that prediction isn’t working out too well for you is it!
As I said earlier you’re highly unlikely to get an rns from the company, historically they don’t update on bad news and failure

I’m mean seriously how can you get that far down the line on an acquisition without having any understanding how the authorities you need permission from to do the deal feel about it?! complete incompetence.
It’s like Brighton announcing they’ve done a deal to sign Jude Bellingham without asking him if he’s ok with it.!
Same with tilapia how can you buy a license that’s just about to expire without having a commitment that the license will be renewed 3 yrs later still nothing!

Tyb have you even bothered to read the posts below, the Yemen deal isn’t happening, the Yemen govt have blocked it before it got started, hence my post that it’s same old same old

People have been warned time and time again to take everything announced here with a large pinch of salt but people only hear what they wish to be true. I doubt there will even be an rns on Monday, they always just ignore bad news and failure it’s happened dozens of times

Any idea how this $21.6m acquisition, ( basically the same size as zen current market cap) gets funded ?

Absolutely no agenda just completely wise to what has and continues to go on here , but people will always be wedded to the version of events they attach themselves too. Madness of crowds etc
The facts here on shareholder value destruction, and dilution are undeniable .

Bear don’t point out the hard cold reality of as you say the epic value destruction, most dreamers on here get very upset. How can people seriously in their right mind still believe tilapia will happen now, particularly on the terms laid out 30 months ago when they acquired tilapia but didn’t actually acquire tilapia because the license was just about to run out! AC took an absolute flyer to try and save face and the business..If it does come off now the terms would probably be so stringent that it’s not worth bothering with, as it would just mean diluting shareholders to oblivion