Member Info for mls678

Appreciate AC is often buying but it is beginning to bother me that other Director's aren't. Any thoughts why?
Wonder if we'll see this new guy for Africa buying too or being paid in shares which would be good and confidence inspiring.

Irony.

When we borrow money it's at 8/10%
Yet we're loaning to AAOG at 5%

SEA7 is correct. Think he runs a private fund out there. Maybe his maybe others money.

Reads like that Sea7 doesn’t it.

I note still no announcement on C30 as to if we’ve got permission to drill....

Looks like we’re cracking on with Africa then!

Zenith intends to invest in people to create a long-term success story using our drilling rigs and working in a public and governmental Congolese environment fully supportive of our efforts, which is expected to create local economic development and new employment.

Looks like we’re planning on moving kit there too. Maybe it’s on way already...

Forget AAOG / Confo.

I just want an update or tweets on Az. Where is the rig? Have we got permission to drill etc?

Is it too much to ask for a simple tweet or update? Last update was far too vague

Remember we’re all here for Az. Where are the Az updates?!?! It’s not that hard to just get a simple tweet out even if we’re working on acquisitions....

Kam read back properly and you will note Sea7 is probably one of the most balanced PIs on this board

Happy Christmas

AC is receiving some sort of professional services payment too. Read the annual report. It’s not just shares

Helpful thanks. And funding?

Hi, new here so brushing up on research. Feels like we have an exciting time ahead.

Couple QQs.

We have 108m shares give or take. But form the last report "The Company received Shareholder approval on 13 June 2019 for the authority to issue up to 100 million Ordinary shares to cover the Loan Note conversion and the exercise of the warrants granted to each of the Lender and Novum Securities"

Think we've got a CLN / Warrants to pay too. What's peoples views?

RH don't forget the A100. Last tweeted in September. Where is it?!

https://twitter.com/zenithenergyltd/status/1168492450601734145

CAD $'000

Zen CEO Remuneration 2018:
Short Term Emp Benefit = $685
Other Short Term Benefit = $42
Share Based Payments = $56
Other Benefits = $36
TOTAL 2018 = $819

Zen CEO Remuneration 2019:
Short Term Emp Benefit = $667
Other Short Term Benefit = $0
Share Based Payments = $462 (Look at the YOY jump)
Other Benefits = $419
TOTAL 2019 = $1,548

Sorry I was wrong it is $1,548 not the near $2m I stated below.
That is still £897,000 going by today's exchange rate and no not all in shares.

At end of the day we're paying for this and the CEO needs to deliver for us shareholders.

It’s worth a reminder that in the last annual results our CEO’s remuneration was nearly $2m CAD. A near 100% increase year on year.

Have a look for yourself on SEDAR website.

It’s highly frustrating he’s being rewarded to this level for not delivering

December 16, 2019

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Private Placement in Norway

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce a Private Placement ("Private Placement") on the Merkur Market of the Oslo Stock Exchange.

The Company has successfully raised gross proceeds of NOK 7,700,000 (approximately £638,000 or CAD$1,123,430) to subscribe for 35,000,000 common shares of no par value in the capital of the Company ("New Common Shares") at a price of NOK 0.22 per New Common Share (approximately £0.02 or CAD$0.03).

Payment and issue of the New Common Shares to complete the Private Placement is expected on or around December 18, 2019, and an update will be provided upon completion.

The Private Placement attracted strong interest from both private and institutional investors.

Zenith intends to use the net proceeds of the Private Placement to purchase drilling equipment and to provide additional general working capital.

Or can they do it with the main rig if it's still on the pad?

8) where is the new A100 we were last told about on 2nd Sept via tweet?

I agree an update from the geologist Augusto is very much needed.

Credit to him buying back in

AJ you in or out?
Last I remember you'd sold?

Not happening. See RNS on that exchange