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Quiet today but presume todays news means we're closer to the 2.5p investment.

Arab investors will invest in Zenith Energy
The Arab Consortium of Investors will invest millions, but under a number of conditions.
HENNING CHRISTENSEN
Publ. 10:49 - 31.03.20 | Upd. 10:51
Merkur Market-listed Zenith Energy has entered into a letter of intent to invest $ 2 million in the company, the company said in a statement.
This corresponds to just over NOK 20 million.
The letter of intent was signed with an Arab consortium of strategic institutional investors focusing on development opportunities in Africa.
Premium of 384 percent

The consortium's investment of $ 2 million is made at a price of 2.5 pence per share. Zenith Energy share, it is disclosed. This corresponds to approximately NOK 0.33 per share. per share, and represents a premium of 384 per cent measured against the share price on the London Stock Exchange on Monday.
On Monday, the closing price of the Zenith Energy stock at Merkur Market was 8 øre.
On Tuesday morning, the share is substantially up, as a percentage. At 10.30 am the increase of 60 per cent to 13 øre.
Conditions

The investment agreement is contingent on several conditions, including the fact that Zenith must complete a takeover in Tunisia and succeed in the ongoing negotiations on the acquisition of two oil licenses in West Africa.
The agreement is also conditional on the appointment of a new member to the board of Zenith.
Zenith Energy chief Andrea Cattaneo says in the report that it is very uplifting with such interest from a new institutional investor, especially in the current circumstances of the world.
https://finansavisen.no/nyheter/energi/2020/03/31/7513342/arabiske-investorer-vil-investere-i-zenith-energy

google translate so may or may not work but good to be moving forwards all the same.

Yes I was in aaog at the beginning too and still remember being promised 101 and 102 would provide early cashflow.
We waited and waited and waited (sure you can see where |I'm going with this).
Sorry alex but you have no cred with me at all.

Not bad update at all imho. More contracts to be announced soon too. Good to see a solid performer in this market.

Good they're out of azer. Well rehabilitation projects like azer and bloes in Georgia just don't seem to cut it. Not if investors are after profits anyway imo.
A clean sheet to play in the Congo's a bit more interesting if they can get the locals to pay their share.

Picked a few up too. Newbie on the stock and learning on the fly but this is feeling one of the safest sectors at the mo.
it safer than my standard oil stocks anyway. lol
ATB

Agreed, Shares have put a positive spin on things, hopefully the market will reawaken to these soon research wise at least..

Market & Company News
Mirada says Covid-19 crisis has spurred higher demand for broadband
07 April 2020, 07:52Source - SMW
Television broadcaster software provider Mirada said the Covid-19 crisis had triggered a substantial increase in demand for the broadband and audio-visual services offered by its customers.
https://www.sharesmagazine.co.uk/news/market/6867594/Mirada-says-Covid-19-crisis-has-spurred-higher-demand-for-broadband

Was out very quickly for a small loss. Sorry for those holding big losses here. Don't know enough about the situation here recently to proffer advice but hope you sort what to do.

Interesting from their website after todays update.
Seems their customers are making the best of covid19..
https://www.mirada.tv/telcos-vs-covid/

I bought some. Already moving up thank you.

Could have read worse. Not really up to date here but from reading the RNS they actually appear to be being quite sensible .
Might even be a buyer for better times Q2 onwards.

LEKS are 10 percent plus LIBOR not 1 lol.

ZEN's coupons are at 10 percent plus and I believe of the top of my head LEK's are 1 percent plus LIBOR.
Think you've just got a bee in your bonnet on this partridge. For a cashstrapped aim oil explorer the terms aren't too bad whats needed is drilling success at CLix-1001 and maybe the Saudi oilfields to go boom over the weekend so the price of the commodity they're borrowing against can recover.

That and a lift in their oil/gas prices. Reading between the lines the reason I get for the loan going forward is possible further prices drops and a difficult bloated market to try to sell into.
Looking forward to Clix results would be good to see them get a result there.

Can't argue with that. 3.5m sold at this level whilst we're expecting news has to be taken as a red flag or it would if aim wasn't so anti corruption lol.
Hope its nothing but experience says time to get spooked too.

Not sure you'll get transparency but didn't one of the directors buy nearly four million shares in one hit last month?
Very good timing at the very least if the ending of the workovers leads to the ending of disappointing news and introduction of drilling speculation elsewhere.
Maybe BLOE should look for other assets too. I was a 4p holder on them for ages and remember the excitement of their first workover well and subsequent disappointment as it produced water thereafter.
Not a workover fan to be honest after that debacle, likely explains some of the reason I'm happier with ZEN no longer going down that frustrating road .

They'll likely rise as the dumbfounded sell out, seems to be the smallcap way.
Nice bounce on the markets/oil today will watch these tomorrow.

As a holder AC only has one liability to me and thats to get the sp up and think theres far more chance of that without the millstone of workovers that disappoint.
Sorry for the grievances of previous holders but have to say think your calling this wrong keeping harping on about the past. Only issue is will the mengo flow for them in the congo and is this 700bpd real?
if so then £2.6m cap is derisory if not then sp's likely too high.

Gets my vote! Azer has never performed for ZEN. Interesting development with tunisia though. C.700bpd will be very welcome and makes this marketcap look rather cheap imo esp without the drain on it from the constant disappointments in azer.
See what the markets think.

and if they do will an $80m penalty payment go straight into ZEN's coffers?

Just wondering.

Who knows, hope they do ok but not really zen shareholders issue is it?