The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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
Ezhik just out interest how much did you lose on the back of Azerbaijan?
MOSCOW, April 21 (Reuters) - Kazakhstan ramped up oil exports bypassing Russia in the first quarter of 2023 as it seeks to reduce its dependency on its vast neighbour, data from industry sources and Refinitiv showed.
While Kazakh oil exports through the Caspian Sea and the Caucasus are relatively small, they have risen sharply since Moscow began what it calls a "special military operation" in Ukraine in February last year.
Kazakhstan, which has the longest land border with Russia of any former Soviet state, has been treading a delicate line to reduce dependence on Russia without alienating its neighbour.
President Kassym-Jomart Tokayev has refused to recognise the Russian-annexed regions of Ukraine and has sought to limit Kazakhstan's reliance on Russia, including on its huge network of oil pipelines and ports.
Data seen by Reuters showed that oil supplies from the Caspian Sea port of Aktau to Azerbaijan's Baku, the main single route bypassing Russia, jumped to 163,436 tonnes in January - March from 28,875 tonnes in the same period in 2022.
Kazakhstan's state transportation company, Kazmortransflot, told Reuters that 104,000 tonnes of oil were further sent to the Baku-Tbilisi-Ceyhan pipeline in the January-March period.
Kazakhstan also supplies more than 80,000 tonnes of oil a month to China. Last year, Kazakhstan's oil exports via routes other than Russia reached 1.8 million tonnes (36,000 barrels per day), up by 638,000 tonnes from 2021.
Kazakh oil is not subject to Western sanctions, unlike Russian crude, although the sanctions have created problems for some Kazakh products.
"Russian ports remain toxic for European buyers, so the oilmen are playing it safe and looking for routes that are not related to the (Russian oil pipeline monopoly) Transneft," said a Western trader who deals with oil from Kazakhstan.
The main, and most profitable, route for oil exports from Kazakhstan remains the Caspian Pipeline Consortium (CPC), which supplies the global market via a Russian Black Sea terminal.
Supplies via CPC dipped 1% last year to 51.99 million tonnes, but they still represented more than 80% of total oil exports from Kazakhstan.
Mls I thought you brought shares 3 months ago? So you’re not a holder now? Lol
“ Ezhik remember what we’re the 2p for azer” hahahaha talking about 5 years ago before any of us were dumb enough to invest at the top at 10p+.
If you want to learn how to invest buy like me at 0.4-0.6 and make money for once in your life. :)
Mls and Ezhik still can’t get over the fact they lost money investing on the back of Azerbaijan and that now the company will be earning millions from USA and now 4 million barrels of oil per day in Kazakhstan. Cant wait to see your posts in the next 3 months when more and more good news comes :)
IntheGo you really are clutching at straws. 30 people injured from 2019 lol. Desperate attempt but funny and sad .
Even you can’t stop us pumping 4 million of black gold out the ground :)
Https://astanatimes.com/2023/08/kazakhstan-ships-390000-tons-of-oil-to-germany-in-february-july/
Mls it’s called being invested and signed up to live alerts. It’s actually more surprising how someone whose not invested comes here within minutes to deramp any news, actually quite worrying.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
MOU and Exclusivity for oil production asset in Kazakhstan
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to announce that it has signed an MOU (the "MOU") with a company incorporated in Kazakhstan (the "Seller") giving the Company a period of exclusivity for a duration of ninety days to evaluate a potential acquisition.
The Seller holds a 100% interest in an oil production asset located in the Atyrau Region of Kazakhstan (the "Potential Acquisition").
The Potential Acquisition formerly produced at a rate of approximately 600 barrels of oil per day prior to the onset of the COVID-19 pandemic. Production is currently suspended.
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 million barrels of oil. 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:
"The Potential Acquisition in Kazakhstan represents an exciting opportunity for Zenith to potentially acquire an asset with significant revenue generation potential in a new jurisdiction, widely regarded as favourable for junior energy production and development companies.
Our management team is now concentrated on completing a comprehensive technical, financial, and legal due diligence with the objective of potentially formalising a deal on or before November 30, 2023.
The Potential Acquisition is expected to complement our business development activities in the USA, which are advancing at pace, and evidence our consistent strategic focus on production and development opportunities in stable jurisdictions.
It is important to underline that we have no plans to issue equity to fund the Potential Acquisition, or its immediate development in the event a transaction is successfully completed.
We look forward to providing further updates about the Potential Acquisition and other business development activities in due course."
Botham and Flashgarden not sure why you’re getting so excited, none of these assets are even valued in and we have a safe asset in USA which will bring in immediate money. We also got back the deposit :), must try harder.
“ In accordance with the terms of the SPA, OMV has refunded the deposit of US$4,323,800 plus accrued interest to Zenith. “
Agreed very good, now we can use that over $4 million we got back in deposit to reinvest in the USA and make some safe guaranteed profit.
Exactly the foundations have been set for big revenue from USA, like a flower waiting to blossom :)
For a company that is serious about operating in the US it is a necessary move as they are now able to operate in the US as a US company and also to raise money from US investors investing in a US company, also without diluting the uk/Norway company.
Https://www.investegate.co.uk/announcement/rns/zenith-energy-ltd-com-shs-npv-di---zen/acquisition-of-us-listed-company/7721137
Got back in this morning, looks like zenith are opening big doors to the big players in the USA to fund the projects over there. Good move by the Italian stallion.
Ezhik I didn’t ask you a question I was talking to callit
Zengas what if it goes to 1p?
Ezhik as opposed to members posting here fake buys whilst simultaneously deramping the stock they just supposedly purchased? And they are allowed to post? Callit is right doesnt make sense to me. One AC comes good and price goes back over 1p they’ll still be here saying the same thing even though the price would have more than doubled.
Wierd