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It would be nice to capitalise on a rising market .... even POO on the up ....

Hopefully poo will stabilise soon back to recent highs and one of the acquisitions will be completed to capitalise on the rise .... dyor

LOL - man o man ...

I just hope the terms of the deal are spectacular in this current climate (which is possible) .... a definite underwhelming show!

With a similar buy ——Looks like a bed and isa ....

Come on AC where are we with the acquisitions??? Get one completed ASAP!!!

Yes a disappointing RNS .....

What about actually getting a deal completed????

Have we been paid the 700k from Azer???

Lots of deals were in the pipeline.... where/why have not one of them been completed. Really need to wake up and get the job done!!!

Brent just smashed through $30 :-)

Probably continue up now on any cuts announced.....

Hi H47, I hope you are well.

My point is that they could utilise the weakness in the market to advantage and take on the acquisitions ready for a time when POO recovers (I can’t see this spat dragging on for too long). This additional income will, I’m sure be put to good use on any further works :-)

A decent rise upon update of a LOI .... will be interesting what happens when a completed deal is finally announced.

Let’s get Q2 moving ZEN :-) good luck all. Please dyor.

They are in the right place at the right time to take advantage of the low POO. These assets would not be so accessible to a small cap at $65 per barrel. But at $23 :-)

700 x $23= $483k per month

BUT, WHEN POO recovers even to $50 then

700 x $50= $1M per month ;-)))

And that’s just the Tunisian asset ..... add to that the additional potential 1,600bopd, plus a further asset of 1,000bopd plus Tilapia and you soon get where this is going. Strike while the iron is hot. BWTFDIK :-) Dyor

Think offtake agreement;-) ....

Anyhow, back to my new garden .... good day at the office peeps ...

I just want to see one of the deals over the line which then means underlying income stream ...

I wouldn’t be surprised to see an announcement in quick succession following today’s update....

The main acquisitions have been on the go for a while now and I do hope that at least a few will be completed sooner so we can start to add some cash to the coffers ....

I do think Q2/Q3 will be defining with this new strategy of acquiring producing assets and the current environment has provided the perfect opportunities.

Onwards and upwards ....... Dyor

Agree there Adrian / Orjones ....

The suppressed POO has provided A unique opportunity to acquire some highly desirable producing assets. Just get the deals over the line (which I would think is close hence the announcement) and then get the key directors in to oversee the success at each location (Italy, Tunisia, Congo etc).

Stay safe all.... Dyor

Yes- more funds will be required..... which is why they will get these acquisitions through the door to start filling up the coffers ....AND :-)

Who’s to say more of the bonds will not get away once the deal is completed ..... ;-))) new investors may inject further funds considering what is on offer ????? ....

Once POO starts to recover back to normal levels this will be a bazooka .....dyor

I would guess that the first of the acquisitions isn’t too far off ....

If I were a major would I be wanting to hold on to a 1,000bopd and 600bopd wells with poo where it is or would I be wanting to offload to concentrate on my large wells ...... hopefully extremely favourable terms being discussed/agreed .... Coro should be following also.

Congo deal will also be a nice close here .... dyor

Yr right it probably is .... which is probably why AC will get a few of the acquisitions at extremely favourable terms .... and hopefully get things setup nicely for Tilapia .... ready for poo recovery ....

Hopefully the 1,500bopd should be a piece of cake to complete !!!!

Just imagine when we start to drill Tilapia .... ;-)))

Fantastic work there AC ....

Well done ......

Wow! And about time to ....

Hopefully they will kick off with a slice of Tunisia with 1,600 bopd .... followed by a side of Italian gas at 400boe .... then onto a main of 5,000bopd at Congo ..... dessert could be an additional 1,000bopd ...... come on ZEN let’s get this show on the road ...

Dyor guys .... and hope you are all in the best of health ....

It will be interesting to see how quickly ZEN can get the Tunisian deal over the line.

Azer production of approx 200bopd @ $65 brought in nearly $5Mpa.

Tunisian output of 700bopd. We would only need approx 370bopd at today’s poo $35 to replicate the previous income. With lower costs hopefully we could more:-)

I would want to get shot of that field ASAP to concentrate on my larger fields..... therefore let’s see how things go .... get it completed quick AC. Bwtfdik ...... dyor

Yes AC should be in his element!!

Get those deals over the line quicktime!!

As you have very eloquently reiterated a number of times we are each able to post our own thoughts as no one ‘owns’ this board. You have yr view and I have mine :-)