Member Info for Raincat

Great work there AGEOS- hopefully Tilapia incoming to get the ball rolling …. Good weekend all.

Thanks Canary, the numbers are truly mind boggling!!

Going from strength to strength and no drawn out negotiations here ….

Mid-tier status on the horizon…. All credit to ZEN.

‘three months to negotiate and finalise the terms of a Production Sharing Contract ("PSC") for Block 1 containing the Sèmè oilfield, offshore Benin ("Block-1").’

Timetable not too long. Bring forth Tilapia also pls :)

Even if you take the low range of 1,500bopd @$100 that’s $55M gross!!!! (Share tba).

Absolutely fantastic in my book . Well done ZEN!!

Well done ZEN !!!

Wonderful

Bammo - I could be corrected but I think annual Oil, Gas and electricity production exceed current Mcap so abit surprising.

It should catch up soon, Tilapia or other will be a pivotal event.

Well done ZEN - keep up the good work.

More money in the coffers.

Thankyou AGEOS, always sunshine through the trees, definitely on a roll to secure the licences. I do wish we had progressed with Rob3 but I guess if further licences come through we would want the funds to get those going asap. I do hope we can complete the Tilapia fields as it’s been sometime.

Is where the fun will be. We just need to get it over the line. Once in (and they remained confident it would) then this will all be pie in the sky until the other deals make their way through the churn to fruition.

So chillax, enjoy the weekend, and look forward to brighter days ahead as 2023 has only just started. :)

HH - yes a successful update on Egypt or Benin would also be helpful. But we haven’t forgotten about Tilapia which I am surprised is taking so long. Years in the making now! Hopefully this can also be bought to a successful conclusion.

Not sure what the combined bopd output would be with these assets but even at $85 would be ultra huge for a company of this size. All still to play for!!

Surprised that considering the size of the deal that this is still below 1p, one would have expected considerably more.

Im actually surprised this didn’t accelerate further based on todays asset announcement!

The numbers are truly staggering as outlined by our very own MarketG. And this alone with Tunisian oil output and Italian assets are a dream for many an O&G outfit. I think as others digest what has been announced over the next few days we should steady on up further. But this is hopefully just the beginning for 2023.

Other assets awaited (Congo, Benin, Egypt) not to mention other initiatives underway will be welcomed additions and transform this into that mid-tier outfit. Onwards and upwards all.

Market /HH - spot on!

The asset looks fantastic and the profile for ZEN. The production figures are staggering and excellent that this is done. Hopefully the other assets will follow through but great result to kick off the year. Good luck all.

Do the math at $85-$100 per barrel and prepare to be very surprised, and that’s just this deal! Tunisia still quietly producing away, Italian gas fields :), Electricity production, Tilapia,Benin etc etc. Sit back and be happy.

TYB- yes agreed. But I would not be surprised if we get Tilapia also! Now that would be something. Remember we still waiting for something from our proposal in Benin.

Way to go ZEN.

Ambitious - Definitely but we like that!

Oil price at $85 and could push back to >$100 so do the math!! :)

Thats more like it ZEN - Well done!!!

Hopefully the other deals will flow through :)

We really could have done with at least one of the large assets completed, and nothing still on Rob3.

I will review this in the new year.

Happy new year to one and all.

Would have been nice to see one of the large assets signed off thus far. And nothing on Rob3.

Thanks Hedgehog, Europe looks to be in the grip of a deep freeze (as is UK) so prices look to be going one way!

Still hope to see an asset confirmed but only 6 additional trading days left before Xmas … humho