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Zenith Energy

Current Price 2.40p Bid 2.30p Ask 2.40p Change 0.00%
Last Updated: 22/11/2019 12:28. Prices delayed by at least 15 minutes.
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Company Overview

Zenith Energy Ltd is an international oil and gas production company. The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Azerbaijan Republic, in 2016. The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, natural gas condensate and electricity. Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.

Financial Highlights Year Ended 31/03/2019

Turnover
£6.57m
Operating Profit
£-8.57m
Dividend Yield
0.00
Dividend Per Share
0.00
Dividend Cover
0.00
P/E Ratio
-0.61

Key Personnel

Andrea Cattaneo
Chief Executive Officer
Luigi Regis Milano
Executive Director
Jose Ramon Lopez-Portillo
Non-Executive Chairman
Saadallah Al-Fathi
Non-Executive Director
Sergey Borovskiy
Non-Executive Director
Erik Sture Larre
Non-Executive Director
Dario Ezio Sodero
Non-Executive Director

Stock Details

EPIC
ZEN
ISIN
CA98936C1068
Shares in Issue
277,403,856
Market cap
£6.80m

Analyst Views (0)

Strong Buy
 
0.00%
Buy
 
0.00%
Hold
 
0.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
2.35p
Bid Price
2.30p
Ask Price
2.40p
Volume
87815
Change Today
0.00p
% Change Today
0.00%
Open
2.37p
Previous Close
2.35p
Intraday High
2.40p
Intraday Low
2.30p
52 Week High
4.20p
52 Week Low
2.30p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Zenith Energy Intra-day Chart

Zenith Energy News

News in this section is provided by AJ Bell

Zenith Energy to acquire Nordic Petroleum via equity swap 04 Nov 2019 | 09:56 Zenith Energy completes private placing on Merkur Market of Oslo Borse 01 Nov 2019 | 08:11 Zenith Energy completes share issue on Oslo Stock Exchange 22 Oct 2019 | 09:33 Zenith Energy identifies new drilling prospects in Azerbaijan 14 Oct 2019 | 07:59 Zenith Energy achieves positive flow rate from Azerbaijan well 09 Oct 2019 | 08:17 Zenith Energy discovers oil with deepened well in Azerbaijan 09 Sep 2019 | 15:03 Zenith Energy kicks off drilling of Azerbaijan oil well 14 Aug 2019 | 08:26 Director Deals - Zenith Energy Ltd (ZEN) 06 Aug 2019 | 09:00 Zenith Energy completes Canada raising to fund Azerbaijan well work 02 Aug 2019 | 09:03 Director Deals - Zenith Energy Ltd (ZEN) 09 Jul 2019 | 11:05 Director Deals - Zenith Energy Ltd (ZEN) 09 Jul 2019 | 11:05 Director Deals - Zenith Energy Ltd (ZEN) 04 Jul 2019 | 09:00 Director Deals - Zenith Energy Ltd (ZEN) 14 May 2019 | 09:00 Director Deals - Zenith Energy Ltd (ZEN) 07 May 2019 | 09:00 Director Deals - Zenith Energy Ltd (ZEN) 12 Apr 2019 | 09:00 Zenith Energy starts mobilising rig for Azerbaijan drilling 27 Mar 2019 | 08:32 Zenith Energy renegotiates terms of $1.5m loan 11 Mar 2019 | 09:50 Director Deals - Zenith Energy Ltd (ZEN) 25 Feb 2019 | 14:30 Zenith Energy raises capital for Azerbaijan drilling work 08 Feb 2019 | 07:53 Zenith Energy acquires drilling equipment for Azerbaijan campaign 23 Jan 2019 | 09:55 Zenith Energy takes out new loan, renegotiates terms of another 07 Jan 2019 | 09:53 Zenith Energy progresses oil well cleanout in Azerbaijan 23 Nov 2018 | 08:00

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Tangible Assets
1,079.6
1,077.5
Intangible Assets & Goodwill
0.0
0.0
Investments & Other Non-Current Assets
0.4
0.4
Total Non-Current Assets
1,080.1
1,077.9
Inventory
0.2
0.2
Trade & Receivables
5.4
1.9
Cash & Receivables
3.1
2.5
Other Current Assets & Assets Held for Resale
0.0
0.0
Total Assets
1,088.7
1,082.5

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Short Term Liabilities
16.8
10.5
Long Term Liabilities
502.8
500.1
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
519.6
510.6

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Net Assets
569.1
571.9

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Share Capital
28.9
22.8
Minority Interests
0.0
0.0
Retained Earnings
534.9
544.8
Share Premium Account
0.0
0.0
Other Equity
5.3
4.3
Total Equity
569.1
571.9

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Cashflow from Operating Activities
-6.8
-0.4
Cashflow Before Financing
-11.6
-6.4
Increase / Decrease in Cash
0.6
-1.4

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Mar 2019
31 Mar 2018
Turnover
6.6
5.0
Cost of Sales
7.2
7.4
Gross Profit
-0.6
-2.4
Operating Profit
-8.6
-9.1
Pre-Tax Profit
-9.8
-9.9
Profit / Loss for the Year
-9.8
-9.9
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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