Member Info for kelsbells

Ezhik you’ve completely nailed it there, experiencing a 100 rns’s that lead you down the path to nowhere are certainly enough to give giant sized clues on the modus operandi . Smoke and mirrors, smoke and mirrors

MG I think you mean onwards and downwards! It was ever thus

Apparently 5 months after meeting the president we’re still conducting negotiations about new tilapia license! Can someone remind me what’s the date this month when the license expires?

That news is going to do very little to the share price, why do you think we’re saying goodbye 1p with that!

MG What’s naive and absolutely typical of zen over their lifespan Is putting out an rns on the 27th Feb saying they were in advanced negotiations to get a drilling rig and intend to commence drilling tilapia in Apr. And no covid didn’t stop them moving/achieving on that rns because there’s been no lockdown of any sort in the Congo, so why do it? I can only assume they wanted to keep their 100% record of over promising and under delivering

The treaty of Versailles was agreed and signed faster than this bloody license in Congo

Might even get back to 1p If we ever get the rns on Congo license and funds..Classic zen !

News getting nearer I hope....now there’s a line you could have aptly slipped into almost any post on zen for the last 3 yrs!

In BMD’s long language issue call with the ministry of hydrocarbons the other day, maybe Instead of bearing down the line what he thought was ‘we’re pleased to confirm that we’ve signed an agreement with zenith’ was in actuality ‘we’ve agreed we’re going to single out zenith to be punished’ !!

170 employees! Blimey they must be enormous with the sheer volume of biscuits they must of consumed with their tea over the last 3.5yrs whilst sitting around waiting for something to happen

Loads of pi’s have looked and lost in this over the years unfortunately on the journey the company through its myriad failures picked up the tag of being uninvestable so it’s going to take a lot more than picking up a few promising licenses on the cheap to truly rid themselves of that title. Anyhow as I’ve said quite a lot previously, the $5.3m coming through would be the game changer for 2020 so I wait to see what the rns says !

I had 6m shares here at an average of 6p sold them all within a day or so of acquiring Aaog on 13th of jan for circa 2.4p, obviously taking a big hit but seeing after learning a lot over 3 years that it may be my best opportunity to get some funds back. Bought back in again for reasons I can’t go into late feb, and now hold 1.5m shares at 1.3p average and will sell if we get back to that level but experience has told me to believe and expect nothing and hope for the best and I truly believe the only way we will see 1.5p + this year is the funds coming through from snpc , I understand others may be interested in the longer view here, but I’m not anymore as I have too many other business interests to pursue . GL to all

Read what I said it helps occasionally

Yep you’re of course right, attack on 1.5p coming sooner rather than later I think

Tyb And how do we fund our responsibilities in future development of the field ? It’s why the share price will never move on what you consider to be good news . I’ve said for ages the only thing that will shift the share price here is getting the 5.3m either in a lump sum or staged payments, or getting to a serious level of profitable oil production which isn’t happening anytime soon..Getting cheap assets is a start nothing more, the market knows they will all require a shed load of funding, and they also are aware of our track record. A few days ago you were expecting an attack on 1.5p on good news, well you’ve got what you thought to be good news and we’re currently 10% down on where we were at close of play Wednesday

No mention of progress on an off take agreement this morning as previously mentioned in extract of rns below

As first announced on March 2, 2020, Zenith is currently in negotiations with an international oil major to sign an offtake agreement for the asset's future oil production in order to fund the Tunisian Acquisition and its development post-completion.

Still needs approval from the ministry of hydrocarbons and will do very little to shift the share price anyhow. Nice to see something move forward though . Getting the funds from Congo would be the game changer here for the share price

For those who haven’t seen this the prospects in Azer were so good we even had blowouts of old wells because the pressure was so great , with oil going everywhere... doesn’t get much more promising than that, yet we still didn’t manage to get 1 barrel out of that well .. incredible

https://twitter.com/zenithenergyltd/status/921304861693575168?s=21

Xmas eve tweets from AC below , no probs though because 2021 will be zens year too!

My best wishes to all Zenith investors for the festive season. I am fully confident that 2019 will see the realisation of many of our objectives and the fulfilment of the Company’s significant potential

All the best to all Zenith investors for the festive season. 2018 will be Zenith’s year. I look forward to the transformational journey ahead and to building upon the important progress achieved so far.

123tor what I mean is without that 5.3m it was clear we will not have the resources to do anything operational this year, and even if we do have the resources zen have a 100% record of taking at least 3-6 months longer than originally detailed in rns’s to do anything they say they’re going to. The near monthly 7-8% dilution raises are required just to keep the whole thing ticking along whilst creating the pretence that we’re progressing with anything..I don’t believe we’re getting the 5.3m now because 1. It’s zen and the longer you wait for anything you know it won’t be good news. 2. It’s Africa and meetings, handshakes and promises from even the most important people often mean nothing 3. If you were snpc in a new covid era with a license expiring next month would you hand over 5.3m when you don’t have you. I doubt it