Member Info for mls678

SEA - but only if the company doesn't pay it first.

SEA7 that is a concern i share too about further financing (your post of 19:54)

Just reading annual report - copy and paste below:

USD loan payable:

As at March 31, 2019, the Group was indebted to a third party lender for a USD$1,485k (CAD$1,982) (March 31, 2018 - USD$1,485k (CAD$1,914k)) loan payable, bearing fixed interest at 10% per annum. The President, CEO and Director of the Group, has provided a personal guarantee to the lender in respect of the repayment of the USD Loan by the Group and the final payment of approximately USD$1,485k. The final payment of approximately USD$1,485k is repayable on July 31, 2019.

It's on Page 58 of the Annual Report.

How will we pay this which is due in 28x days...??

Also worth a read is the HUGE yearly increase in pretty much all director remuneration year on year.

Andrea Cattaneo from $819,000 to $1,548,000 CAD
Luigi Regis Milano from $81,000 to $113,000 CAD
Luca Benedetto from $194,000 to $338,000 CAD

All 2018 to 2019... based on delivering what?

Read it yourself - Page 46.

https://www.investegate.co.uk/zenith-energy-ltd/zen/filing-of-annual-information-form/201907030710043215E/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Zenith%20Energy%20Ltd%20Alert

Admission of OSE and TSX listed shares on the LSE Main Market

The Company will soon begin work on a new admission document and is currently in the final stages of selecting the most suitable corporate finance adviser to help undertake this process.

The publication of an admission document is required, in accordance with the FCA's Prospectus Rules and Listing Rules, for the admission to trading of common shares of no par value in the capital of the Company ("Common Shares") on the Main Market for listed securities of the London Stock Exchange ("Admission"), where Admission is required within twelve months of the issue date of the Common Shares. The Common Shares for which Admission is required have already been issued and listed on the TSX Venture Exchange and the Merkur Market of the Oslo Børs.

Does this mean we're moving TSX + Boers Shares to LSE? Raise coming?

Agreed. Looks odd, it's c5% loss if correct.

Still to clear customs as per yesterday’s RNS! Come on Zen let’s get it moving!!

It'd plummet if he went AJB. He and his large holding are propping up the SP and his positivity is definitely keeping others invested.

Come on then Zen. Let’s be having another good day!

TD arrival announcement would be fab

I very much hope you are right SEA7

Ok staying on site correct but might not be doing much if we don’t get the BOPD up and lose the contract.

I’m positive but we need to deliver

Staying on site only if we keep the contract though as per 50% increase we need hit etc. Come on Zen deliver the black gold!

RNS today perhaps after yesterday’s “special AGM”

Ps where are the other rigs and our shiny new red truck mounted unit?!

Disappointed with the lack of info being given to us

This Friday will be 6 weeks since the RNS stating we’d ordered a top drive. Only one tweet. No further details on route / timings.

We’ve slipped from ACs timings to drill given in interviews in April / May. And I am worried about us being able to achieve this “drill campaign” promised this year based on recent timeline misses.

I am also worried about us hitting SOCAR contract terms of a 50% increase for a minimum of three months before the due date.

The asset is indeed huge. Just a bitter shame about the lack of info and radio silence

Well done to whoever got 500k at 2.875!
7m volume today is pretty big
We are normally 2-4m

Today it is exactly five weeks since that poorly timed RNS saying we had ordered a top drive and it would ship inside two weeks (and we’d be drilling as soon as it arrived)

We then endured radio silence for three weeks and six days until the most recent tweet saying the last piece of the top drive had shipped.

Come on Zen we really need and are owed an update here.

Most of us have been here at least 12m DS! Another 12m for that return I think we could all stomach as a reward for patience! Ha

RH.

The Top Drive RNS states well start drilling immediately when it arrives.

So let’s hope it’s very soon.

Here’s hoping those three lorries turn up imminently and as per the RNS 4wks ago we get going immediately when it arrives.

Bullish from you mud!

I wonder if we need be concerned about the mud system parts too and are getting a bit too hung up solely on the Top Drive?

Is this on way etc? Be good to know

https://twitter.com/zenithenergyltd/status/1134051179456028672?s=21