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Hi Mr IVS I do not doubt.
Oil at $120 now which put remaining 52,000 barrel at approx another $6.25M :) lots to be happy about for the same! Just taking very a long time!!!
Hope they will rapidly put the money to good use . More deals complete is obvious handy but let’s see how we go. Hope to see start of breakout week because it’s dragging. Dyor
Oil price now $115 and we are the producing more oil everyday for the same !!
Monies should be incoming and further $$ in July. Would have like to see sp north of here. Nothing on comms just silence?!?! Rob-1??? Preps for Rob-3??? Sidetracks??? Tilapia??? Tunisia??? Nigeria???Anything???
Thankyou Mr AGEOS- agree we should hope to see movement and get Tilapia over the line.:)
Hope to make receipt of $6.4M which would be wonderful! Also Rob-1 update last 5 weeks ago so we should defo hear something positive to get another 100 barrels online. Then get on to other drilling.
If we can state intention for a share buyback we will immediately make large blip notice for larger investors.
Oil price high and with the opening of Far East now we should see large increase in demand for oil. Need to get a move on. Good luck all.
Yes Mr IS Tilapia seem to be taking some time now … although I think £10M income over next months should defo have the good effect. Also I would like to see said ramp up of Tunisia assets.
Rob-1 should be conclude soon and then hope to see a quick move on to Rob-3 and the side tracks (we can afford it! ).
And a real bouncer will be any sort of share buyback scheme for the same which will immediately put ZEN on the radar of large investors.
Wonderful post Mr Hh! Spot on.
The company is complete turned around and the Mr AC was working hard to secured the Tunisian /. Tilapia assets during lockdown so hats off to him!
Big items I see to appreciate the sp include the completion of the Rob-1 with approx 100 barrels of oil, the incoming $6.4M (with further $6M within 6-8weeks!!!), any potential share buyback that will alert the market to this proposal and any new deals in Tunisia and/or Tilapia secured:) I will sit and watch the fun unfolds. Good luck to you.
2 points to note on the notes issued.
‘The Notes have been issued as part of Zenith's existing EUR 25,000,000 multi-currency Euro Medium Term Notes Programme.’
And-
‘The Notes are governed by Austrian law and are not convertible into equity of the Company.’
If we can use the said funds to dramatically increase the output production then so be it. With the money now at disposal they can go after more assets and greatly increase output and take advantage of high oil and gas prices.
4 weeks now since wireline logging update at Rob-1. We should be now due update on increase production!!
If 4 week payment terms for oil sold we should expect $6.4M incoming this week which would be game change ! Would be good to progress with further drills in Tunisia and maybe even standout from crowd with share buyback !!! Which other cap can boast that:) that will grab market attention.
Any update on further deals which are under negotiate (Tilapia/Tunisia/Nigeria) will be wonderful for the same!
Lots to be excited about just need to get ball rolling. Oil price high and as per demand will increase towards summer and Asia reopen. Nice place to be. Next oil lift also not too far off so to expect further approx $6M!!! Please Dyor.
Yes but note that the use of funds seem specific to completion of Congo deal which is great because it show that deals still on the table and they intent to get the said deal over the line! Good news to me:)
If we are to be going after more than one field or deal in Congo they will need funds to complete and get going. I could be wrong but seems this way to me.
Firing on both Congo and Tunisia fronts along with record output at electric in Italy. Coming whole just need to ramp up sp. Please Dyor
Approx 3 weeks now since wireline logging update at Rob-1. Hope to hear good news of 100+ barrels online for capitalisation:) $110x100is additional $4M per year!!:) then hope to see team straight to Rob-3 for more for the same! And push side tracks.
6.4M should be also be incoming and if we can seal a deal or three we will be off. Let’s get comms team in motion and really up the good news. Lots on horizen to be happy about just need sp to catch up. Good week all.
Mr Flo - you could be right but we have exist assets that we already own so we should be gaining multiple drill companies and really having go at Rob-1, Rob-3 and side tracks asap. Oil price only going up so can be capitalised on way.
We could have 12M+ within next 2/3months income so a lot to be happy about. Share buyback or dividend:) who nows!
Oil price still on a high … can see $120-$130 now that talking of embargo ahead. With additional oil lift in June we could be in for additional 6M+ :) lots of fund to seriously ramp up the oil production in Tunisia+
We really should be hearing something update on Tilapia as been silent for to long now. Also if we to close additional Tunisian deals and get seriously barrels come year end. Nigeria????
Ramp up the comms and get this wheel moving. Rob-1 update should is incoming and then a quick skipping to Rob-3 for more of the same! Reduce share pile all to increase sp:)
Disagree- the fact that ZEN are seen as a big player there and worthy of mention is great and as having only been there for a few years- well done for making big impact for the same!
Keep up the pressure ZEN and get the deals complete. Said sp should follow with oil price on the up.