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The price has never been 0.85p. There’s more chance of you winning the lottery than getting these 0.85p as with director shareholding’s it’s physically impossible.
Callit won’t be long. The Congolese have their money frozen also. They are just biding their time whilst increasing their bills and costs for us further.
Doesn’t really matter their money is frozen. They’re known for being corrupt and pulling out of legal contracts hence why officials there are getting replaced on a monthly basis. We will win quote easily imo
"conservative seizure" for an amount equivalent to approximately US$6.5 million deposited in a bank account under the name of ETAP in Switzerland (the "Conservative Seizure").
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Update on ICC Arbitration proceedings against ETAP
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company, is pleased to provide an update regarding the ICC (International Chamber of Commerce) arbitration case seated in Paris (France) against Entreprise Tunisienne d'Activités Pétrolières ("ETAP"), the national oil company of the Republic of Tunisia (the "ICC Arbitration").
Background
On July 10, 2023, the Company announced that it had successfully obtained a "conservative seizure" for an amount equivalent to approximately US$6.5 million deposited in a bank account under the name of ETAP in Switzerland (the "Conservative Seizure").
The Conservative Seizure was granted in view of ETAP's failure to comply with its contractual obligations to pay for oil produced and sold by the claimant, a wholly owned subsidiary of Zenith, named Ecumed Petroleum Zarzis Ltd ("EPZ"), registered in Barbados.
On November 29, 2023, the Company announced that the Arbitral Tribunal of the ICC Arbitration had rejected ETAP's request to include the Tunisian State as co-defendant and ordered ETAP to pay approximately EUR 120,000 in costs to EPZ.
Update
The Company is pleased to announce that it has strengthened its legal team in support of the ICC Arbitration by appointing Clay Arbitration, an independent boutique law firm specialised in arbitrations founded by Professor Thomas Clay, a renowned academic and lawyer, who is currently Professor at Sorbonne Law School, where he teaches Arbitration Law and Alternative Dispute Resolution.
Professor Clay has participated in approximately one hundred arbitration proceedings as chairman, sole arbitrator, and co-arbitrator, as well as counsel in domestic and international arbitrations. He has also participated in ad hoc and institutional arbitrations in the fields of energy, oil and gas, mining, telecommunications, construction, distribution, commercial law, sports law, labour law (ICC, ICSID, LCIA).
Paul deano once the first arbitration is concluded we will have enough money to buy all of them.
Looks like we are going to get some big action. The Italian stallion making moves in the background still the most undervalued share on the LSE. We win the first small arbitration and the price will be 5-7p in one training day.
Https://www.investegate.co.uk/announcement/rns/zenith-energy-ltd-com-shs-npv-di---zen/new-bond-exchange-offer-/8149995
ZENITH ENERGY LTD.
("Zenith" or the "Company")
New Bond Exchange Offer
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company, is pleased to announce the launching of a new Bond Exchange Offer on revised terms (the "Exchange") following the successful conclusion of the first Bond Exchange Offer, as publicly announced on April 11, 2024.
Botham the strategy is clear, win the arbitration with over $150 million owed. Then develop assets in the USA with potentially signing a big asset in Kazakhstan.
Even the smallest buys will take this back up. Worst news is out of the way just need arbitration money to come.
Callit I would rather they use that money to pump out oil in the USA. Then when we get the bigger win nearer to $100m pay us out in dividends to thank us for staying invested for so long.
You’ve missed out the €25 million bond raising that they mentioned in the last half yearly report that will more than fund the Kazakhstan deal. Trust in the Italian stallion. Easy arbitration win for the maestro.
Why not? Tunisia was going well and plain sailing till the government decided we were making too much money on the cheap and then tried to illegally take it from us. First and foremost the most important thing zenith must do is win the arbitration and then we can take our time to buy whatever good asset we want and diversify as much as we want also.
Whether we get Kazakhstan or not has nothing to do with Putin. It all comes down to if the deal is right for zenith or not. Once we get the arbitration money and make straight forward money in the USA, then we can take a step back and pick the best deal in Kazakhstan for us.
Rpg precisely, unfortunately they think with their heart not brains. Yeh I’m down but one day when the arbitration is settled and we get paid 100m+ I’ll be sitting on a huge profit and I guarantee you all the naysayers will come on spout the same rubbish. “ I’m happy for you guys no hard feelings “ garbage talk.
Flashgarden lightbulb enough for you and mls to spend every day here even though you both got wiped out 5 years ago
Flashgarden I like you. Do you like me?
Mls makes a new thread every day with every 100 quid sell