Member Info for pawnsacrifice

Yes looking better. Co's starting to drag itself out the mire after azer and is coming up with some decent acquisitions imo. Trolls are unhappy esp over on afn which is always a good sign.
Needs patience as sentiment is so bad here but chuffed with his recent progress. Nothing ventured nothing gained they say.
ATB,
pawn.

and as promised in todays RNS..

"Andrea Cattaneo, Chief Executive Officer, commented:
" The Bid Round represents a very rare opportunity for Zenith to acquire a large, underdeveloped, near-term production asset in Nigeria. Indeed, the last opportunity of this kind was in 2003.
We have worked closely with our Nigerian partner to complete the necessary commercial and technical analysis required for submission of our Bid and in selecting the most compatible asset.

In the event our Bid is accepted, we have already received positive indications from a number of pan-African financial institutions regarding obtaining the necessary financing to develop the asset and achieving commercial production."

Financed to first oil!

Not sure its correct to call ZEN overly dilutive whilst they're taking advantage of covid and the oil price crash to pick all these licences up.
UJO just printed four billion shares in one placing and others such as RBD have many billions too now.Even UOG has over 600m today.
ZEN even with Azer going badly is a mere baby in that respect imo.
Be good when the financing and revenues take over but really don't get this zen has too many shares being issued for admin purposes whilst future deals are being negotiated in a nondilutive way.
Think with where they came from re Azer its really a case of holders are content with it but the trolls need it to be a big thing.

Don't like to be shown to be wrong do you mud?

The more you read it the better it sounds for Nigeria. Will keep an eye out for the RNS AGEOS.

Either our trolls don't read much do they?
From the original Nigeria RNS..

Non-equity development funding
The Company can confirm that it is progressing in negotiations, first announced to the market on March 2, 2020, with an international oil major in order to provide funding for Zenith's development objectives in Africa in the form of an offtake agreement.
Further, the Company has also entered into negotiations with two pan-African financial institutions for a loan facility that will be used to fund the acquisition and development of Zenith's growing portfolio in West Africa

It also showed traders how quick this can move.

Punters saw an RNS, bought on FOMO then read said RNS and noticed it wasn't the one they feared so sold again.?

irish,
I was trying to be polite.

I'm not adding yet. Waiting for more newsflow from their different plays . Wouldn't be surprised to see a leftfielder from Tunis as zen put in their last RNS from that location that
"The Company has developed a very constructive relationship with CNPCI, and we look forward to exploring further opportunities for mutual cooperation in due course."
So wouldn't be surprised to see zen pick up another of what to CNPCI is one of their marginal plays..
Don't know what to expect from congo. If they lost tilapia but gained a concessionary licence I'd be happy. Might even prefer that to Tilapia actually after the hassle aaog had with it but will wait and see.

Its people like you and mud that told us Tunis would never happen and now they're going through the process to get another 20 odd percent to give them 45% of steady production with tentative plans by the operator for growth there so don't think you can claim to be anything other than a stopped clock really can you kels?

It didn't "take TW to expose a letter" mud you're just making that up. All investors on all small oil and gas plays know that nothings sorted on these licences til they're signed sealed and delivered.
Surprised you and tom don't know that. Holders here do.
Thankfully the $200k Tilapia licence is only one of zens plays.

Didn't fail? Thats a joke yes?
Have you forgotten already your big big promises of early production from 101 and 102 to quickly bring in cashflow?
Turned out to be a complete joke and just like with zen and the early failed workovers in azer you stopped reporting on them-wouldn't give an update at all and all your investors lost their shirts.
Hate to think what you consider failure if you don't recognise your errors back then.
Everyone else should watch that vid then re read your posts.

Well if you look at the chart you can see it keeps spiking up and then finding support before the next news comes in.
Should imagine that would continue as newsflow continues to be positive and the ore sorted moves the mine on considerably both finance wise so personally would expect the next spike to be 20p plus before settling again for the next set of announcements.
All imho of course but it seems to be the pattern here.

Isn't that where holders want the funds to go? Can't develop the mine without investing in its infrastructure first.

Of course it had to do with aaog and the past, the past always colours the present. Some mud always sticks, would be no point throwing it otherwise.
Should note zen haven't stated in their last RNS on Tilapia that they'll definitely get it. In the media speculation section they speak of "in the event the offer is accepted" and later state "following the possible acceptance of the Offer we have submitted" so the poster who claimed they may get another licence close by as substitute may well be right imo which would be fine by me so long as its marketcap enhancing.
ie:
"Furthermore, as announced on July 7, 2020, we are currently working to submit a parallel offer in partnership with a local company for a second licence in the vicinity of Tilapia."

Unsure Mud I know he's got a ton of options but you'll have to check their A.Reports for the cash part of his remuneration.

UOG's 2019 no's..
Financial Results for 2019

As expected at this stage in the company's history with no cash flow from operations during 2019, the company made a loss for the year. This loss of $2,139,075 comprises administrative expenditure in support of the company's activities, exploration costs written off (principally the Colter well), and costs associated with new ventures and evaluating acquisition opportunities. The costs of our AIM listing, the Egypt acquisition including a Reverse Takeover process as well as the corporate expenses associated with being a listed company, were also included. etc etc

Same process as ZEN's going through is all.

No they weren't they were surviving on placings and prospects. They were suspended for some time when they bought into egypt and many investors wrote them off.
Right now they're producing 3k boepd not bopd but you were close at least.

The real problem is you troll thats all and zen are in the same position as UOG was in with their egyptian purchases last year and if you spent as much time researching as you do creating new accts you'd know this.