On the cusp of operational transformation & full steam ahead towards 1000 bopd in early 2018.
Zenith Energy Limited is a dual listed LSE & TSX Venture Exchange oil & gas development and production company. In 2016 the company vastly expanded its oil and gas portfolio via a substantial acquisition in Azerbaijan which we anticipate will propel Zenith toward a mid-cap oil company valuation over the coming years.
Valuing the Azerbaijan and Italian assets using a very conservative DCF model based on the CPR report gives a new sum-of-the-parts valuation of 22.28p per share. We remain buyers with a Conviction Buy stance.
09 Nov 2017
Zenith Energy – Update Note
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Zenith Energy – Update Note
Zenith Energy Ltd. (ZEN:LON) | 2.2 0 0.0% | Mkt Cap: 4.25m
- Published:
09 Nov 2017 -
Author:
Dr. Michael Green -
Pages:
30
On the cusp of operational transformation & full steam ahead towards 1000 bopd in early 2018.
Zenith Energy Limited is a dual listed LSE & TSX Venture Exchange oil & gas development and production company. In 2016 the company vastly expanded its oil and gas portfolio via a substantial acquisition in Azerbaijan which we anticipate will propel Zenith toward a mid-cap oil company valuation over the coming years.
Valuing the Azerbaijan and Italian assets using a very conservative DCF model based on the CPR report gives a new sum-of-the-parts valuation of 22.28p per share. We remain buyers with a Conviction Buy stance.