The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Dividends doesn’t really work for small cap oilers, let’s get started in USA first and sell some oil, with Italian electricity sales then try to secure South Sudan or Kazakhstan build it more and more. Africa doesn’t work I don’t think we need to waste anymore time there. The money owed from Tunisia and Congo from the court will help significantly too. Our time will come.
No Congo. I have seen many recent scandals coming out of there. It’s a blessing we are out.
https://abcnews.go.com/amp/Business/wireStory/swiss-indict-former-employee-trading-firm-gunvor-bribes-103495122
Paul the trouble has just started in Congo, they have turned on most oilers since we’ve moved out with lots of court cases to comes. If we win half of the money owed it will be a great result for us and the share price. Lots of oil but too much corruption. I like the safe route AC is going to get the market cap up without too much risk.
Rugs I think the tide is going to change soon. It’s now or never and I believe AC is now going to knuckle down and deliver these assets and get the oil pumping out. Cannot see it any lower than what we hit last month at 0.4p so the only way this will be going up is up. Mls why are you so obsessed with me and my investment? Bit odd? Especially seeing as your average is 10p and mine is 0.6p.
How do you know we aren’t getting South Sudan and Kazakhstan? Something we don’t know? Either one or the other both great assets
Keep wondering :)
Why would they repeat last weeks update in one a week later? Stop looking for issues that don’t exist to suit your agenda. Embarrassing
Great news today seems like Kazakhstan is a safe and fertile place to do business in with lots of nice oil.
The 2P (proven and probable) reserves of the Potential Acquisition have been quantified in the amount of approximately 5 million barrels of oil, registered with the Kazakhstan State Oil Balance List. This evaluation has not been performed in accordance with Canadian securities laws, specifically the COGE Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are pleased to have signed an MOU for the third potential acquisition opportunity we intend to evaluate in Kazakhstan, located in the geographic vicinity of the first potential acquisition opportunity announced to the market on September 4, 2023.
Our strategy, to be achieved through our acquisition campaign in the USA and Kazakhstan, is to create a profitable, revenue generating energy production portfolio with significant untapped potential for long-term development in assets with uncomplicated geologies situated in commercially favourable jurisdictions."
My sentiments too callit, if AC pulls off Kazakhstan and South Sudan, whilst bringing in millions from USA and Italy the company has the chance to finally multiply the share price for all us patient investors.
Botham that’s fingers in pies and and not putting all eggs in one basket. He will take the best deal which is best for zenith.
AC too busy making big things happen mls, otherwise you wouldn’t be checking every 2 seconds :)
Buys at 0.45p
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Second MOU for oil production assets in Kazakhstan
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to announce that it has signed a second MOU (the "MOU") with a company incorporated in Kazakhstan (the "Seller") to evaluate the potential acquisition of two oil development assets.
The Seller holds a 100% interest in two contiguous oil development assets located in the Kyzylorda Region of Kazakhstan (the "Potential Acquisition").
The Potential Acquisition is classified as an oil development asset because a discovery was made in 2014, and there is confirmed potential for commercial oil production activities. It is expected that drilling activities targeting the Jurassic section of formations located within the Potential Acquisition have significant production potential.
The purpose of the MOU is to formalise a framework whereby Zenith's interest in the Potential Acquisition may be completed subject to the completion of a rigorous technical and financial due diligence.
According to the terms of the MOU, commercial terms for the Potential Acquisition, if agreed between the parties, are to be formalised by way of a share purchase agreement on or before November 30, 2023.
The 2P (proven and probable) reserves of the Potential Acquisition have been quantified in the amount of approximately 4.5 million barrels of oil. Fully risked 3P (proven, probable, and possible) reserves are estimated around 62.5 million barrels of oil. These evaluations have not been performed in compliance with Canadian securities laws, specifically the COGE Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are pleased to have signed a second MOU for an oil development asset in Kazakhstan. Zenith's management and advisers have, in line with our development strategy, continued to explore additional acquisition opportunities with the objective of building a consolidated portfolio of near-term production and development assets.
The assets under review appear to have a clear pathway to oil production without the requirement for intensive technical and financial investment.
Funding of any potential transaction in Kazakhstan will not to be funded by way of equity.
We look forward to reporting on our exciting progress in Kazakhstan on or before the close of November 2023."
Botham there were significant trades on Norway yesterday, trades will pick up in the uk once money starts coming in or a serious asset is signed. I think the zenith team know this and will get things done.
Rumour has it court case next week in France which will give an idea how much money will be paid to zenith.
Its not in the immediate future anyway mls and there are a myriad of different ways it could be refinanced. The most likely option is the bond markets, after all Zenith now have a good tracks record of issuing and paying off the bonds.
Once again you are highlighting relatively standard issues as "major bad news" when it is not. You need to let go of your vendetta mate and move on.
Mls you are oozing desperation especially as you’re not even an investor and you have a vendetta against AC for losing all your money 5 years ago. We both know all the bad news has cleared and the price is going to go up and you can’t stomach that
IntheGo why don’t you use your real I.d lol
We both know who you really are.
Repeat again if you don’t like the is stock and you lost your money kindly go to another stock and leave the real money making the pros ;)
So you are saying because I’m an investor and positive about a share I am invested in I’m a ramper? basically you are telling me I have to be negative here as well because you lost your money investing in on the back of Azerbaijan and have a vendetta against the company and ac? Doesn’t work that way if you’re not happy with this company then just move onto a company than you are. Really simple