Member Info for Zebediah16

we all know that without a private subscription but there is something to trigger this rise

yeah no market

but its holding . Its now 0.5 p up 55%

No glitch it seems

.47p on hl
up 40% now

its a mystery

https://www.youtube.com/watch?v=f2Kqm7BnHBU

up 32% !

Up 18% - news on the way?

Wouldn't want to be out of this over the weekend

they took over these operations and probably couldn't fire anybody (rationalise). Its not how things are done over there

thats a very impressive RNS I must say. Good to see employees have been paid

Receiving a Payment also suggests that there are no contractual disputes between ZEN and SOCAR, and this withdrawal from operations is by mutual agreement

what a survivor !!

the rig is useless - what a genius strategy that was to own a rig
Good on the workers if they are holding on to it .

the buy - sell flags are for guidance only . Buy or Sell is based whether the transaction price is above or below the midpoint of the spread

If you look at the London Stock Exchange it doesnt flag a transaction as buys or sells

delusional is not necessarily dishonest , but no
IMO his credibility is beyond repair

:lol: it is already in production
But yeah a form of outsourcing is a possibility if the owner of the asset is also off taking production. There could be an transfer of ownership over time, so yes oil could be sold at a heavy discount

It will be boost the SP even if not very profitable becasue ZEN will have concluded a deal!!

offtake

well as ever its hard to read the RNS ,

"Zenith is advanced negotiations with an international oil major to sign an offtake agreement for the asset's future oil production in order to fund the Acquisition. There are no plans to issue equity consideration to fund the Acquisition. "

That can be read in different ways. The oil buyer will advance money to fund the acquisition and receive some production free of cost. Or the oil buyer receives a discount. Or somebody else funds the acquisition and a proportion of the income pays of the loan. Money is fungible

All we know about that asset is the production rate and its annual revenues of approximately US$15 million. How much will that cost to acquire I dont know, and that will shape the deal . How much cash do you think ZEN can put on the table since the SP is still declining and not really a unit of trade??

Maybe they wont get a discount. ZEN might get full international price on their share of the production. It amounts to the same thing. What we dont is what the production split

orjones , becasue the company with whom the offtake agreement is being signed is funding the acquisition without equity dilution. They will get their money back by a production sharing split. In other words ZEN isnt going to get 700 bopd

Thats what the latest RNS says. Maybe so other investors might step in to fund it

AC is more at home in this kind of environment but he started it too late. Azer hollowed out the company really badly. I thought so months ago and wished I sold out when the SP was around 4 p rather than at around 2p

Even the Tunisian deal might not provide a turn around . It produces 700 bopd and the acquisition will be funded by whoever is the offtake partner . That means the oil will be sold at a very heavy discount, and I mean heavy. ZEN is barely solvent

How do they value this well - on a npv basis ? £60 million. Some consortium of investors (possibly from the far east) with cash write a cheque ? lets not forget what happened with PVR

We all seem to think Ac will turn it around and his power of self belief seems to carry the day. Investors big and small invest in people after all. So still worth watching

Plus its entertaining. I really want to know how the story of Rig: BD 260 ends

most of us are gambling and that includes Dean Clark . If I had put my money in Microsoft these past 3 years I would have 3 bagged. But its just not the same :-)

the fate of the company does now hang on the Tunisia deal, which was only RNS'd today . I doubt the larger shareholders know any more about the chances of success, unless they are involved in the negotiations. Maybe they like a gamble

The biggest problem is the possibility of delay and the cash flow crunch. These things never happen according to your timeline especially in Africa

AC confused more like

sorry ignore the last two sentences