Member Info for PAUL1DEANO

It's clearly evident what he thinks of us all and he is operating a high risk strategy which ends in failure, Azerbaijan, Tunisia and now Congo.

I wonder if Benin and Yemen will look at this and decide not get involved?

Under this scenario we have become a jam tomorrow Director lifestyle company!

Im starting to feel the time in nigh for AC!

Ageos so basically what you are saying is Tunisia has expired and Zenith have not released this in an RNS.

They cannot seem to remain focused on a job and have to go off making deals elsewhere to just later go chasing rainbows on a different horizon!

So all eyes are on Benin now which makes the above strategy of testing the water in different countries acceptable until we find the right one a little more acceptable.

It is however treating the shareholders a little bit harshly and there seems to be no mitigation or communication in place now we are becoming aware of this approach.

Id pay 400K for it to be built in Australia as you can get it to site quicker, this drill delivery from China seems to be beset with delays.

Can you financially quantify the delays on the work that is not being done in that time period?

Time is money and missed opportunities!

one thing that does concern me though,

are we flippant carpetbaggers?

but is that offset against the cost of delays?

It’s only for the useless people out there though
https://rumble.com/v25wxu8-yuval-noah-harari-chief-advisor-to-klaus-schwab-and-the-world-economic-foru.html?fbclid=IwAR1sG1NK7zJ2Wyq-_Z8ziXj5HLi8ngdYImenvC8QYJ01uFuyoCbtxSmioFw

Fantastic summary MGS

'On top of this, the President’s son Denis Christel has been accused by Global Witness of embezzling millions of dollars from the SNPC (the Congolese state oil company) to fund his millionaire lifestyle. Put simply, corruption is endemic throughout the country.

On final point that should also be noted is the fact that AC made it clear in the February 2022 investor conference call that the only way to speed up bureaucracy in countries such as Congo was to pay bribes but that Zenith did not do this. Zenith then waited years for the approval of the T2 license that never came. However, Olive Energy appear to have turned up late in the process and gotten the license granted to them with incredible speed. I’ll leave you to draw your own conclusions as to why this could be the case.'

This was all too obvious before we even began the whole process, perhaps the £5.3m owing was the insurance policy when it failed.

'PS. We still await delivery at Melbourne of the second rig.'

Could they not build one in Australia?

By the time you have gone through delays and other bothersome details the money lost not having it working may be more than having it built cheaper abroad if that is the case?

Fingers crossed we are in a rising tide this year,

There are traders shares and investors shares, but the problem of not enough people wanting to invest in fossil fuels because Greta told them, 'how dare you'!

@MGS was Tilapia a fracking play or am I reading into this wrong with fracgeo being involved?

It seems to me it may have been considered by Congo that Zenith did not have the technical credentials to carry out the project so why give it to them?

Did Zenith go into Congo with the wrong attitude which they found disrespectful, get hold of 'cheap assets'?
Did Zenith take their eye off the ball focused on other projects elsewhere which Congo found disrespectful?

Looking at it from the Congo perspective they have got their own 'people' in Olive Energy, who can blame them and are using the technical expertise of Fracgeo which is a more acceptable model for them.

To pursue this through the courts seems futile, maybe we may have lost the licence through hubris and incorrect attitude?

Is it a similar scenario to when a football player comes to the end of their contract and are not offered a new one so they take the club to court - someone with more experience can tell me?

NG191
https://www.*****ute.com/video/G6DQbrunugXD/?fbclid=IwAR1qvikjvptHcmz6k4KGrqemREbuTCSq2P-eWuRSMBhCTTrnMKv-bsuxhXk

It's a jolly old world, sounds a bit like insider trading - hmm up by 34%

@ntm, Im optimistic they have a portfolio review and look into expanding their Italian/Mediterranean footprint.

Isn't Turkey open for business now?

Mind you on the subject of 'the wockies', Bill Holter seems to think it will be deflationary!

From 43mins 18secs in
https://www.youtube.com/clip/Ugkx1xVEru5UXzFTz4mVVVuCmxqyYLbzzEHe

There might be some interesting items coming onto the market place as people sell items to meet inheritance tax demands.

We will be living like 'pure blood' Kings in 2023 Bankrupty and our 'population paste' will be our pension as we spend our days studding!

'Here my summary.... chatter chat....'

You ain't half wrong there in a lot of respects!

Ive been using Thriva,

I wonder if all the tests get sent to the same lab but the packaging comes from different vendors?

Reminds me of the time when I bought a multi bag of Tesco Value Crisps and they were all Sainsburys inside!

'For ZEN to have been owed US$5.3m by SNPC, via its subsidiary AAOGC, and to have failed to negotiate award of the Tilapia II licence, with that as a bargaining chip, does not reflect well on management.'

I would not have even entertained going into Congo expecting their govt subsidiary to pay that, Id want that paid into an intermediary account in Switzerland before I'd even entertain looking into their country!

I think we need to operate in safer jurisdictions!

The jabber wockied will break off into a sub branch of humanity for eternity doing tik tok dances and eating ze bugs and they will all be very happy!

'Did we close out the other legal case?'

Which other legal case?

It was a high risk gamble for little outlay and failed, maybe a little cheeky with the owing money.

We now face a lengthy court case and I doubt we will ever see that money.

Yemen causes me 'twitchy brown eye'!

Fingers crossed Benin come out trumps and is a better place to operate!

Zenith Energy (LON:ZEN; OSE:ZENA) Retweeted

Andrea Cattaneo
@CattaneoGenoa
It was a great honour to meet for the second time with H.E. President Denis Sassou Nguesso in Brazzaville to discuss Zenith Energy’s commitment to the oil industry in the Republic of the Congo #ZEN
https://twitter.com/CattaneoGenoa/status/1321781146091401220

How loverly!