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Guerilla Investing

Tag: Azerbaijan

  • (BNS) Brokerman News Service Zenith Energy & the ECHO connection…

    (BNS) Brokerman News Service Zenith Energy & the ECHO connection…

    Operations at Zenith Energy (LON: ZEN) are finally beginning to bear fruit. Todays RNS on their well M-195 workover is very good news for the Company and its share-holders, you can read that RNS by clicking HERE.

    However it’s not todays good news that I’m writing on it’s the rumour/s that Zenith Energy are in detailed discussions with Echo Energy ((LON: ECHO). Now I don’t know what the discussions specifically involve but using my powers of northern common-sense, rather like Sherlock Holmes, it’s elementary my Dear Watson… Zenith must be after the Echo East Ghazalat 25% concession. We know that it’s up for sale, we know that it’s currently producing circa 100 barrels of oil per day and we also know that it’s in legal dispute. And we also know there’s other production opportunities on assets in that portfolio.

    There’s no chance of the current holders of the concession ever sorting out the problem which they created. But there is a good chance that if Andrea Cattaneo, ZEN CEO, gets the asset he’ll be seen as a ‘clean pair of hands’ and will be able to quickly remedy the dispute with the new top Chinese official now parachuted into Egypt to sort out the dispute. Cattaneo is a smart cookie and well known as a man who can negotiate. Just look how he’s ended up in Azerbaijan with a field now on it’s way to producing 1,000 barrels of oil per day…

    Now here’s me thinking out of the box. What could possibly be the deal? Well I’d expect that cash and ZEN shares or some form of future cash payback once the dispute and production is sorted out and back on track. Revenues currently owed to whoever gets the asset amount to circa $1.3M, sadly this is offset by the Chinese operator claiming production expense of circa $2M, but this like all bits of the dispute, can be and will be negotiated down by the right ‘clean pair of hands’. Now here’s a thing if ZEN offer ECHO shares in the deal then obviously Echo Energy would become a Major Share-holder in Zenith. There’s one thing I do know and that is that Echo would rather take ‘/cash/paper/promissory note’ in a genuine producing oil company than a Toxic POS like Nostra Terra Oil & Gas. Now if Echo were a major share-holder in Zenith what would they do with the stock? Could they then go on to buy them out or stick a Director on the board or maybe just quietly sell, who knows but it’s an interesting discussion I’ll be having with many a source this week. I’ll be in London Wednesday.

     

    Viva!

    Daniel

  • Zenith Energy. Update & RNS translation for the simple minded….

    Zenith Energy. Update & RNS translation for the simple minded….

    I can’t believe what I read today from Zenith Energy (LON: ZEN). It’s actually good news in a small way. However the RNS is poorly constructed and in my opinion there was no need for it. This information should have been tagged onto the well M195 workover RNS which sources indicate should drop later this week. Thus saving ZEN the cost of yet another RNS at £250 a pop!

    The RNS today states the Company have increased production by 14bopd. Now what investors are miss interpreting is that this isn’t the workover programme. These are minor tweeks, small mechanical upgrades to existing infrastructure in the field. The work has been completed by salaried staff. This is employees conducting day to day work duties. There’s no cost to the company other than spare parts etc.

    These small upgrades have increased annual cash-flow by circa $250,000. Do not confuse them with the Workover Programme.

    The news the market awaits is the bopd numbers from the workover of well M195. This has had a full workover.  We know that it’s Azerbaijan, the  bureaucratic process is somewhat convoluted. The workover is complete. What we await is official confirmation, the signing off of the workover by the Azeri state ministry etc. What could the oil producing figures be? Any thing from 30-60 bopd. When you extrapolate and forward think this number then you can see the potential rise in daily production.

    The news that the shysters at Gunsynd (LON: GUN) have yet again converted stock and are actively selling is one of the things beyond the control of the Company. This is taking the sp down. However the sooner these fookers are out the better.

    Now here’s the latest rumour. We know that their CEO Catteneo is a deal maker. We know the team are in Baku as we speak, Zenith maybe in asset negotiations for further oil producing assets in Azerbaijan and more than likely in Italy and Africa. Just where and what those assets are isn’t yet known. But believe me we will try to find out….. One thing is certain there are deals in the pipeline and the history here tends to repeat, i.e a deal for a producing asset/s that have been poorly managed.

     

    Great company. Lot of potential as always research etc.

     

    Viva

    Dan

  • Zenith Energy Set to announce 250%-500% increase on 1st workover!

    Zenith Energy Set to announce 250%-500% increase on 1st workover!

    Share-holders in Zenith Energy (LON: ZEN) are on tenterhooks awaiting the news from the companies first well work over in Azerbaijan.  Oil is flowing from well M-195 directly feeding into storage tanks. That means that the workover is complete, more importantly successful. I’d now expect that this Blog will force an RNS this week.

    The whisper here is that production has increased from well M-195 by a stonking 250%-500% the number is significant because if you forward think it by X 20 you can extrapolate a ‘potential’ in excess of 1200 bopd by March 2017. Actual cash revenue would increase many fold. Production from the first well should come in between 40-60 bopd. We know they are currently working on more wells so I’d expect news to keep dropping of mainly successful re-completions/workovers.

    Now remember there’s a lot of behind the scenes activity going on here that the Company are not reporting, such as further asset producing targets. I can exclusively reveal that Cattaneo (CEO) is known to be in negotiation’s to bring in more cash producing assets from Italy, Egypt, Azerbaijan and Asia. The key here is to either trade on the rises or hold as they incrementally increase revenue/production.

    There’s also the Gunsynd (LON: GUN) Lenigas threat of a corporate action to Takeover and oust the present management. The Board here have acted very quickly to see off these corporate hyenas. However I am still not convinced that they’ve gone far enough. The fat Aussie will not give up easily. Fat man is eyeing their increasing cash revenue and would love to get his fingers on the bank accounts. That would be disastrous for share-holders as it is Cattaneo who is the main-stay of all the deals negotiated in Azerbaijan/Italy. Lenigas would be out of his depth and doesn’t have the skill-set to progress in Azerbaijan.

    Target 15p short term. Longer term say next 10-11 months, 20p-25p. Of course I may be wrong, what do I know……,

    Expect an RNS this week.

    International Financial Blogger of the Year  🙂

     

    Daniel Levi

     

  • Zenith Energy Update. 600 bopd soon?

    Zenith Energy Update. 600 bopd soon?

    1_12HOjEVCDH9oik_bMObYnAIt’s looking mighty good on London listed Zenith Energy (LON: ZEN). Two days ago Mr Zen (CEO Cattaneo) reported a jump in revenue for its third quarter as it began production from Azerbaijan. The numbers give a flavour of the massive potential and a pointer. Net Cash revenue for the third quarter jumped to circa $350,000. Extrapolating that forward 9 months comes in at a whooping $1,400,000 of cold hard cash. However this  figure is likely to be significantly more, if as my sources are indicating, bopd doubles/trebles/quadruples.  Ergo you can multiply that cash figure up to a potential of $5,000,000+ dependent on how high their bopd goes.The Famous BMD smallcap oil & gas round up!

    Which is why the Lenigas/Optiva Crew, Operating out of Jermyn St, are STILL actively agitating through their various ZEN interests, held by Gunsynd (LON: GUN), Optiva (Bucket Shop Shysters) and another Lenigas company, for ‘Board Involvement/Hostile Takeover’. They are after the cash and massive bopd potential. No doubt to do what these fuckers always do and that is rape the finances, place, rinse, repeat and filter the cash out via dubious incestuous deals with ALL the Lenigas puppet companies. Fuck Off  you fat Aussie Share Ramper and stay away from this super gem of a company. Be gone fat one!

    Share Price.

    The brake on the SP at the moment comes from their Canadian placing at $7 Cents. Once most of these have sold out and certain warrants are exercised then there’s no brake, other than the usual profit taking/trading. The trend in value should be accretive with upward movement towards 20p.

    Sources.

    You can always tell when a company is on the up when the Corporates/Brokers are offering their services. London sources are telling me that several brokers are choking on their tongues trying to get a slice of the Zen pie. One brokerage in particular is due to go out on a site visit in the not too distant future…

    If you look at the pre-tax loss of circa £985,000 in the third quarter of 2016, a quick check of where a large portion of this has come from are “One off payments”. Much of this is down to their IPO costs. The next “quartile” will add significant revenue and production. So says my analyst/s contact.

    Workovers.

    The smallcap round up!Zenith listed in London in January, raising GBP3.2 million. A month later, it sold its assets in Argentina to strengthen its balance sheet, and began a work over project at its Azerbaijan operations. Zenith are targeting 15-20 well work overs by the end of 2017. Each well could add, as an average, up to 50 bopd per well, some may produce more some may produce less. The 1,000 barrel of oil a day target is well within reach. My information on the present work is that the Q4 update could announce a doubling of production  up to 600bopd.  It is known that the Company are very confident on the work overs. From what I can gather no downtime on site other than the usual challenging weather which is part and parcel for this region.

     

    It’s all to play for here, not least the ‘Takeover’ machinations…..

     

    Viva

     

    che1-131x150Daniel

     

  • Exposed Optiva, Lenigas & Gunsynd. Takeover Plot of Zenith Energy!

    Exposed Optiva, Lenigas & Gunsynd. Takeover Plot of Zenith Energy!

    ZenithLogoZenith Energy (LON: ZEN) are a cracking small oil and gas production company operating out of Azerbaijan, they have a main market listing, their CEO is a man called Andrea Cattaneo . They are currently producing 300bopd with cash revenues filling the company coffers on a daily basis. That production is set to triple in the coming months post work-overs. It could be over 1,000 bopd by the end of the year. They operate one of the largest onshore fields in Azerbaijan. What most investors/traders have missed is this; the ZEN asset base also holds an asset called Zardab. This asset was on it’s own producing 500bopd until the well collapsed. That well will be brought back onto production so in effect over the next 12 months ZEN could be producing close to 2,000 bopd, post successful work-overs and re-drilling of Zardab. This means that the share-price will undoubtedly have an astronomical rise and could hit the heady heights of 40p-50p. Why is this important? Read on….

    Many months ago I was offered to take part in the IPO listing in London. I declined. Why. I smelt a rat, the Optiva Securities/Lenigas rat to be precise. The Zenith broker. Today I put into the public domain exactly what Optiva have been up to and their attempt to orchestrate a ‘soft takeover’. Optiva are trying or where trying to assist David Lenigas and Donald Strang in taking over Zenith Energy. That is wholly unacceptable practice and flies against all corporate governance. They ‘advised’ that Lenigas be gifted a seat on the board of directors. This is an absolute disgrace. Brokers do not dictate who goes on the board of any company they broker for. Gunsynd (LON: GUN) ARE A MAJOR SHAREHOLDER in ZEN. Gunsynd is to all intents and purposes a Lenigas puppet company run by Donald Strang and Hamish Harris two of the Fatman’s Lieutenants. GUN have threatened a ‘corporate action’. I did email and try to speak to the Zenith head honcho Cattaneo many times pre & post IPO, I warned him of exactly what has now come to pass. Sadly he refused and ignored my advice. Not so much as a returned call just a few template email responses. Now that the sharks are circling and it’s out in the open. Maybe he’ll wise up.

    I have many sources in the city of London. Most are impeccable. One, who was in the Optiva camp, recently passed away. My sources on this are 100%. David Lenigas is after taking over Zenith Energy using Gunsynd and ‘other’ significant ZEN holders that he has influence over, as the vehicles to achieve  a board room putsch. Why is he after them? He knows the potential share-price upside is virtually nailed on by the increasing oil production. Optiva like all the Lenigas companies work out of Jermyn Street. They all piss in the same pot and cross pollinate information back and forth between themselves. The spy in the Zenith camp is a chap called Sasha, a nice kid actually, how do I know he’s a fifth columnist? It was Optiva that forced the Board of ZEN to employ him….

    The recent placing by ZEN was in my opinion an attempt to dilute the Jermyn St Mob. It was a smart move by the Board of Directors. However it may not be enough as the shysters see a 25p share-price as easy meat.  Andrea Cattaneo is no ones fool. You can’t do what he has done in Azerbaijan unless you are a smart cookie. He needs to grow some balls and take these shysters head on. First ZEN should give Christian Dennis (Optiva headman) his P45 and tell him to pick up Sasha on his way out of the company. Get another broker, one with integrity. It’s a dirty game Andrea, as I told you in my emails months ago where I warned you. But at least now you know exactly how dirty it can get and how right I was in those emails. If these fookers want Zenith then they should pay the going rate. 25p a share. Either put up or shut up.

    Zenith Energy are a super little oil production company. Lets hope they don’t fall into the hands of the Jermyn St Mob.

    25p target.

     

    Viva

     

    Dan

     

    N.B It’s with great delight that I give the Jermyn St Mob, Optiva Securities & the ‘Fat Aussie Share Ramper’ A.K.A David Lenigas and ALL his Lieutenant’s  a good solid kick up the arse. Once this is published they’ll be running amok phoning and emailing trying to plug the leaks. Stop getting pissed in Green Park and shooting your mouths off. These are the fookers who tried to fleece me of £52,500 in the disgraceful Lenigas Cuba fiasco. They told so many lies it made ‘Billy Liar’ look saintly… I got all my money back, but that’s another story once the NDA, Non Disclosure Agreement runs it’s course. And woe betide you Fatman when it does…. I bear grudges.

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