Zenith Energy Share Discussion Threads

[ravin146] 13/2/2017 14:19

Refreshing to see companies updating shareholder via twitter...

So the workovers have begun last week...news due soon, 20 days the BoD are quoted in their RNS.

imo, dyor.

[cpap man] 13/2/2017 13:55

Plus not forgetting the recent buy recommendation from Beaufort Securities!

[cpap man] 13/2/2017 13:52

And BMD has a share price target for ZEN of 40p to 50p

[x54v] 13/2/2017 13:25

Looking more and more interesting here.

- Director happy to forego his entire salary for a year and take shares instead.
- Align Research with a target of 42p.
- Momentum starting to build and price poised to breakout after a consolidation.

It could really start to motor if the prior highs are taken out.

[barnetpeter] 13/2/2017 13:25

good point!!

[aggieuk] 13/2/2017 13:22

Don't forget chaps from the latest interview as they are a main listed company they cannot dilute anymore than 10% per annum and they've already raised their 10%, so it can only be onwards and upwards from here. This is no AIM share that can dilute you to oblivion!

[thelung] 13/2/2017 12:59

i think its cleared hearts1 - the 50k seller hasn't been around today

[hearts1] 13/2/2017 12:57

It's looking to break out, once the overhang from placement shares is gone it will move sharply.

[barnetpeter] 13/2/2017 12:24

sure cpapman....have a core holding of these and adding more or derisking by trading these when they go into the 9.5 and below level. Worked so far......

[ravin146] 13/2/2017 12:19

Afternoon,

This is undervalued imo.

Work-over programme will boost the bopd in the short-medium term, with the BoD targeting the best wells first.

Great potential.

Dyor.

[2prsimo] 13/2/2017 12:14

I can see this reaching £50m market cap by the end of the year. Really liked the latest Vox interview with the ceo a couple of days ago. Under-promise and over-deliver. I'm betting some of these workovers will reveal some very good numbers. GLA

[cpap man] 13/2/2017 10:00

LOL barnetpeter....ZEN could well actually be more of a buy & hold stock that could well MULTI BAG!

[barnetpeter] 13/2/2017 09:48

Sold the ones I bought last week at 9.25 .....15% profits are the name of the game in these stocks.

[cpap man] 13/2/2017 08:35

Take a look at fingers xxd chart thread FXD & especially POST 8233 reference ZEN

[thelung] 12/2/2017 19:59

Nice. Could be at 620bpd in short order then.

[zengas] 12/2/2017 19:53

From the CEO 2 days ago in the above link (349 by cottoner).

[thelung] 12/2/2017 19:51

Thanks. Where's that from?

[zengas] 12/2/2017 19:49

'opex $16/b - with increase in production will fall to $10/b'

'1,000 bopd target - 3-4 of the best wells alone could achieve that'

[aggieuk] 12/2/2017 19:35

Don't forget thelung these wells have been left unloved and untouched by modern technology, even a quick clean up may yield good increases, let's wait and see eh?

[thelung] 12/2/2017 19:13

From Align's note on 12th Oct which clarifies 64 wells producing 310bpd in 2015 - 12 producing 245bpd and 52 producing 65bpd
(go read the note!)

Combined production from the Muradkhanli and Cafarli fields was averaging 310 STB (stock
tank barrels) per day in 2015 when the independent petroleum engineers studied the
available data. However, we understand that aggregated production decline has been lower
than the engineering studies projected. Nevertheless, in essence twelve relatively strong wells produce around 245 STB/d, with the remaining 52 producing c.65 STB/d (at the time of the original engineering review). Current production of oil under Zenith’s flag started on 11th August 2016, with a registered average daily production of 300 STB/d.

Zenith initially plans to work over 39 of the 52 wells on the Muradxanli and Cafarli Fields. Engineering projections indicate that once worked-over 21 wells will produce at 15 STB/d and 18 wells will produce at 10 STB/d. The highest return wells will be targeted first, followed by the medium wells, then the five Maykop-type wells in the Zardab Field will be brought on

________________

The 12 strongest wells need to get from 245bpd to 700bpd if all worked over up to March 18, which requires a threefold increase from workovers?

[cottoner] 12/2/2017 17:45

Worth a listen

CEO interview 10/2/17







quotes

'under promise and over deliver'

'some wells have tremendous potential'

'was producing at a certain time 15,000 barrels a day'

[hearts1] 12/2/2017 17:36

There target is 10-15bopd for each well. If they do 20 wells by this time next year with an average increase of 10bopd - that's total 500 bopd.The 1000 seems toppy unless they are expecting 30bopd extra per well on some that are only doing 3bopd.

[thelung] 12/2/2017 14:55

Richie666 can I ask what figures you would use for profit oil please, and do you have any expectations on work over results?

If 60 of the 100 existing wells are at 5bpd giving the current field output of 300bpd, and each work over takes 20 days (as AC suggested in his IG interview), then one crew could do 15 work overs by 1st April 18 on a 5 day week, meaning each well worked over needs to see 46bopd to get to the 1000bpd target by March 18 with a single crew as was the original plan. I think a 9 fold increase from a work over is stupidly optimistic so wonder if that's why the 2nd crew were brought in. The third crew may even be needed? TIA

[purple11] 12/2/2017 10:56

Nice action





xXTiPSXHEETSXx