Still no news on Kazakhstan agreements!
The knowledge of being represented by top-notch lawyer doesn’t give any information on the next steps in ETAP arbitration! When can we anticipate the decision?
This Lady from Twitter who claimed having inside information on ETAP case is silent and does not answer any questions
Is there any connection between Zenith Energy and Angus Energy? Any mutual projects or collaborations?
New Notes are with extremely high interest rate!
Still think it’s a good news → shows creditor’s faith in the outcome of the arbitration. I anticipate good news next Wednesday!
Hope we’ll have good news on arbitration cases tomorrow! Fingers crossed
Is it possible, that the old man has forgotten?
the only good sentence in RNS → “We shall shortly provide further information on our growth strategy , including the conditional acquisition of Devonian Petroleum Limited”
Quite a pity → ZENA doesn’t even have money to pay salaries →
https://live.euronext.com/en/product/equities/CA98936C8584-MERK#CompanyPressRelease-12492308
Stay away from this company. In my view it is a Scam.
They’re almost a single asset oil producer, and they are in conflict with the government of the country that asset is in. If you haven’t sold yet, now would probably be a nice time.
I don’t think they’re a scam (CEO has too much of his own money invested, and spends too much energy trying to find “deals”), but I do think they’re basically worthless.
Sold today out at a HUGE loss
I’m glad that you finally took the loss Tony, I sincerely don’t expect Zena to get better any time soon. I downsized, then sold with a loss more than a year ago, and I shared my trades at the time in this thread. Zena is down another 66% in that time, that hurts.
Zena is a “lottery” stock, that you know will most likely cost you, but maybe there’s a chance it’ll win big. And for a while Zena was sending market messages all the time, with deals and news. It’s very easy to get dragged in.
If you take out x millions every year you dont care about Stockprice
You mean as a salary?
I think cash is going out in a lot of ways.
but what about now as an entry point? the price is very appealing. It seems to me that extension and payment of bonds is a good sign → it shows that participants have faith in ICC arbitration decision (ETAP case). What do you reckon? Even your gut feeling will be informative for me.
quote → “We shall apply our best endeavors to complete the international crude lifting
on or before October 2024, not long before the expected publication of the
decision for the ICC Arbitration initiated against ETAP for non-payment of oil
production in respect of other assets held by the Company in Tunisia.”
question → what is the expected date of publication of the decision in ETAP case?
look here → Case Details | ICSID
we are in the stage of “memorials on merits” → it means that we are close to the finish line, i.e. arbitral decision!