Thanks Mr Marketgunslinger. It does feel as if these investor that hate the company have already drafted the said ‘I told you so’ mail waiting to fire off!
Good luck to CEO to complete the said deal and really turn around Zenith.
IF Tilapia is confirm I see from RNS 26thFeb there was a local drillrig identified to progress work. This could be a big turning point and shows of intent to move forward fast.
I am hoping for Tunisia deal completion to secure said incomes. Tilapia and funds $5.3M is nice but not too concern as other deals also available. Not long to watch.
Tunisia deal is important. I think the problem is every mention of deal is followed by - Completion of the SPA is conditional on approval being granted by the Comité Consultatif des Hydrocarbures ("CCH") of the Republic of Tunisia in respect of the transfer of the Seller's right, title and interest. Last As late as 8th Sept RNS.
Consider home purchase. If you exchange can you then borrowing or re-mortgage? No because you don’t officially own the same.Now once completion then different. Once officially ZENs then onwards.
??? Is willing to take less? Do you realise this is money owed?
I think when ZEN had The field in Azerbaijan they were produced close to 170bpd. So the signoff of 300bpd will be fantastic. Looking to wait to see what works out.
I disagree here. If they can have the Tunisia signoff which is 300bpd and $5M income then we will do ok. I think team will fight for the $5.3M retrace but let’s see how that goes as well is Tilapia. They can also announce a further purchase which they have pursued.