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Cheers Ezhik I could have sold at 1.5p for huge profit, but I didn’t. i don’t blame AC or any member of the forum, I’ve never been much of a trader. Do I regret not top slicing half of my stock? Yes I do but that’s the nature of the game. I am very confident we will see 20p+ one day and till then I don’t need my money anyway so happy to hold and have my daily tiffs with mls and his team till then LOL
Fiah could be synergy who knows. He did mention lots of short term good news to come.
Taverham AC didn’t destroy value, the African side were too corrupt to work with. When that money owed from Congo and Tunisia comes in AC would have in fact made us money from those dodgy African countries. If Tunisia wasn’t such a s hole we would have been made tens of millions a year.
The redirection to USA and potentially Kazakhstan and South Sudan is a smart move and will eventually get the price back to deserved levels.
Ezhik there may be potential synergies with the US assets. No need for either company to take the other over - what would they gain? Most directors have fingers in multiple companies it’s not a new thing. Also in someone’s email reply he’s stated that there is lots of good news to come in the short term in his own words. As long as zeniths share price goes back over 10p is all I care about as a zenith investor. I got trust in the Italian stallion to eventually deliver.
Most directors are involved in more than one company, might work in synergy with zenith as from what I gather they have Italian and usa assets as well which potentially creates a good opportunity for zenith.
Paul I think ACs redirection is spot on. Make money in US, Italy with a low to medium risk high reward asset in Kazakhstan and South Sudan the bonus asset. Yemen will be dragged back into a conflict with Saudi Arabia so agree with you glad to be out of there. The money will flood back into this stock once the first bit of money comes out of the US which I’m hoping will be soon.
Yep they starting early today lol.
Guys the bottom reached 2 weeks ago and now 3-3.5 will be the holding price until there is good news. All the sellers have sold all bad news out of the way and a whiff of good news and the price will go straight back up from here.
AC will deliver its only a matter of time.
Botham I agree until solid news comes the price will remain where it is now. But be sure when it does it’ll fly
Kazakhstan will be looking at partners to get that oil flowing. Hopefully we’re one of them
Botham in that case sell what little shares you have left and move on. Really that simple instead of clogging up the forum for us real investors
Need to dry harder mls same price as yesterday 3-3.5.
When this goes to 20p I’ll cover all your losses so you can sleep at night and not need to wake up at 5am thinking about losing your money in zenith from the Azerbaijan days.
Thanks for the update Trojan lol
Doubt that all the bad news has come out as well ans consolidation and been it has been fully digested by the market. Anything positive from here will take the price very fast and now AC is aggressively chasing the money owed from Tunisia and Congo as well as potentially Kazakhstan, South Sudan and USA production in the horizon in the very short term. Think you missed your bottom opportunity now and will be going back up.
Bear I would buy back in before it’s too late the bottom has already been reached :)
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, announces that it has initiated an 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 and pay for oil produced and sold by one of the Company's subsidiaries.
The ICC Arbitration has been commenced by the Company following the Conservative Seizure.
ICSID Arbitration
Zenith had first announced the submission of a request for arbitration against the Republic of Tunisia before the International Centre for Settlement of Investment Disputes in Washington DC ("ICSID Arbitration") on June 7, 2023.
The request for damages in the ICSID Arbitration, following various breaches of bilateral trades agreements made by the Republic of Tunisia to the detriment of Zenith and its subsidiaries, is for a total cumulative claimed amount of at least US$48 million.
The ICSID Arbitration and the ICC Arbitration are two separate arbitration proceedings.
Andrea Cattaneo, Chief Executive Officer, commented:
"It is deeply regrettable that Zenith Energy has been compelled to initiate a second arbitration and conduct conservative seizures against ETAP following failures to satisfy contractually binding payments for oil production.
Shareholders can take comfort in the decisive action the Board has taken to ensure that Zenith's interests are upheld."
Need to let it go mls it’s not good for your health.
5am posting on a stock you have no investment in and have anger towards because you lost money on. Yeh sounds really normal to me!
5am posting about zenith? Come on you can do better !
Mls posting on zenith at 5am lol. You really did lose a lot of money didn’t you? Quite sad to see it’s affected your life. Once I sell at a significant profit maybe 40-50p I might cover your losses so you can move on in life. Maybe.