Gunsynd Share Discussion Threads

[scotty666] 28/1/2017 14:29

Yes around 0.8 - 0.9 assuming unlisted investments at cost imho. Doesn't consider any upside in investments of course.

[theklf] 28/1/2017 13:26

Has anybody added up all the various investments to come up with a live Sum of the Parts valuation?

[scotty666] 28/1/2017 12:32

Investment overview:

[knicol46] 27/1/2017 13:24

full offer being paid, bid support gaining, tick up expected, only 4 mm's control this stock - one already sitting on 0.06p

[cpap man] 27/1/2017 10:20

Market is trying to find ZEN stock and in size for some very serious investors!

Watch this space....AIMHO / DYOR

[rwauu] 26/1/2017 16:20

New RNS- GUN is buying moronium mines. Moronium is a new advanced material. Can be shaped to pills and used on demand. 2 pills a day turns you to a moron, and you can change the dosage to achieve even bigger results.

I would say this rubbish is total buy. Very good stuff.

[scotty666] 26/1/2017 09:43

Good news from Brockham - wil benefit our stake in ALBA no end;

[cpap man] 26/1/2017 07:45

Some extremely interesting posts from the main ZEN thread including from the highly respected ZENGAS25



ZENGAS25 Jan '17 - 22:02 - 260 of 263 2 0 (premium)

I added a few more hundred thousand here today given the small market cap and the upside potential on just the w/overs alone. This could be a substantial opportunity 2nd time around given further improvements in drilling techniques (when we do start to drill new wells). Ramco/Socar were estimating between 3 and 5 billion bls oil in place on the Muradkhanli field. If we eventually tap some other part or sweeter area then who knows what the possibilities on just that one field could be taking into account ZENs low m/cap and building cash from increasing w/overs considering Ramco got flows of up to 5,000 bopd.

As for Ramco 17 years ago - They seemed to have had either well problems or legal disputes every where they went - from Poland, Georgia, USA, Azerbaijan, Czech Republic.

They did farm into the same 3 fields on a 50-50 basis in Azerbaijan in 1998. They drilled an exploration prospect and i don't think they have the terms Zenith have now. They only drilled one well and a sidetrack and both were problematic but they hit oil flow in both of 5,000 bopd and 1,000 bopd particularly in the eocene. Later the Seven Heads gas field offshore Ireland eventually practically destroyed them. I think they were in too many places at once which was eating up their cash resulting in significant losses and they decided to cut back without giving the Azerbaijan prospects more attention. From what i see, they were interested in unlocking the 3 billion barrel potential prize rather than workovers. The oil price when they drilled in 2000 was about $24/b average and that has to be taken into account on their rehabilation terms.

Ramco background on the 1 well and s/track -

29th March 2000
Ramco spudded the MOC-01 well, on the Muradkhanli field, on 11 January 2000; the first well to be drilled onshore Azerbaijan under a Production Sharing Agreement (PSA). Ramco signed its PSA for the field in July 1998; one of the first to be signed for an onshore field in Azerbaijan. Muradkhanli is believed to be one of Azerbaijan's largest onshore fields. Ramco's feasibility study, as agreed by the State Oil Company of the Azerbaijan Republic (SOCAR), concluded that there could be as much as 5 billion barrels of oil in place. The Contract Area for the PSA covers 565 square kilometres.

The PSA gives Ramco a 50% interest in Muradkhanli, Jafarli and Zardab fields in the contract area, with SOCAR retaining 50%.


Drilling Report
Ramco Energy PLC
18 October 2000
The first well, MOC-1, was drilled to its planned total depth in April but then the Company experienced a series of technical difficulties which necessitated the drilling of the side-track, MOC-1z. The side-track also experienced mechanical problems and, like MOC-1, oil inflows of up to 1000 bopd from the Upper Eocene and the top section of the I-Marl. To control these inflows heavy muds were required and these sections were cased off. The well was then drilled to TD, logged and a 4.5 inch liner run and cemented. Logging showed a thicker section of oil-bearing reservoir than the original hole. The lowermost section of the I-Marl, behind the 4.5 inch liner was perforated and flow tested. The results were disappointing and while methods to stimulate this zone, and to perforate and test the upper zones, are being examined, activities in the well have been suspended.


Ramco Energy PLC
Muradkhanli Field Update

19 December 2000

Ramco announced on 18 October 2000, that following perforation and testing of the main target reservoir in the Middle Eocene, it had decided to suspend temporarily the MOC-1z well. The Company demobilised the rig and other service companies in order to minimise costs whilst it evaluated all the options to work-over the well to improve the productivity of the perforated zone and to test the other prospective intervals in the well. Whilst drilling the MOC-01 sidetrack, Middle Eocene fractured reservoirs briefly flowed oil at rates equivalent to 5,000 bopd prior to being shut-in as a result of well control measures. Having studied all of the data from the well, the Company believes that these fractures were blocked by drilling mud, lost circulation material, and cement prior to perforating. Perforating guns used to access these fractures may therefore have been insufficient to penetrate beyond the damaged zone, resulting in inconclusive test rates.


Shareholders will be aware of the disappointing news regarding our Muradkhanli prospect, onshore Azerbaijan. Towards the end of last year we announced that initial test results had been disappointing. Since then, further tests have confirmed that the oil in place is unlikely to be commercially recoverable due to poor reservoir characteristics. The rehabilitation of the wells providing the existing limited oil production from the contract area is unlikely to be commercial without the added production that had been expected from the deeper reservoir. The potential prize, which had eluded the State Oil Company of Azerbaijan (SOCAR), was over 3 billion barrels in place. From the beginning we acknowledged the complicated geology, which we believed, with good oilfield practice and western technology, had the potential to deliver many millions of barrels. In the end it was the geology which won. The field will now be operated on a care and maintenance basis until we are contractually entitled to return it to SOCAR in November of this year.


cashandcard25 Jan '17 - 22:19 - 261 of 263 2 0

Zengas,


Thanks for that. Puts it into context, pre-2003 low oil prices, well control issues and the eventual fall of ramco.

Rates 'equivalent to 5000bopd' (few hundred?) is not bad if it can be sustained.


Cash

bad gateway25 Jan '17 - 22:25 - 262 of 263 2 0

They sound as if they were as useful with the drill bit as rxp.

"Whilst drilling the MOC-01 sidetrack, Middle Eocene fractured reservoirs
briefly flowed oil at rates equivalent to 5,000 bopd prior to being shut-in as
a result of well control measures. Having studied all of the data from the
well, the Company believes that these fractures were blocked by drilling mud,
lost circulation material, and cement prior to perforating. Perforating guns
used to access these fractures may therefore have been insufficient to
penetrate beyond the damaged zone, resulting in inconclusive test rates."


for research..


ZENGAS25 Jan '17 - 22:36 - 263 of 263 3 0 (premium)

The oil doesn't seem to be in doubt - more so the completion. If there's been progress in the last 18 years with the likes of Schlumberger and other major service companies in completion techniques it could be a game changer for a tiddler like ZEN at under £10m m/cap. A few hundred bls per well and additional reserves would be all it takes at this low start point in valuation.


This is only 1 field and there's potential up their sleeve in Argentina that could be worth 1-2 times current m/cap in due course if expanded/successful.

This gives a decent insight (and bear in mind oil at approx $24/b then as well as them having a raft of projects in 5-6 countries competing for their cash) -

" Muradkhanli is potentially the largest onshore field in Azerbaijan, with estimated oil in place of approximately 5 billion bbl. It lies about 70 miles west of Baku near the rail oil export line to Tblisi and Sepsa, Georgia and is strategically located near the planned Baku-Ceyhan main export pipeline route.

Under terms of the PSA signed in 1998, Ramco holds a 50% interest in the field with an affiliate of Socar holding the remaining 50%. The contract area covers three proven oil accumulations: Muradkhanli, Jafarly, and Zardab, where Socar originally found some 3-5 billion bbl of oil in the field, and has produced over 22 million bbl to date, mostly from the Upper Cretaceous reservoir horizons. But production has fallen to less than 10% of the original dayrate, despite the state oil company's efforts to keep the field in operation for so long with so little resources. (See "Ramco Discovers Oil at Muradkhanli, Onshore Azerbaijan".)

Ramco's Muradkhanli Operating Company (MOC) operates the project as a rehabilitation, exploration, development, and production sharing agreement. Phil E. Maxwell, MOC president, says that Socar was not able to exploit Muradkhanli's Middle Eocene reservoir because of completion problems—it is a reservoir prone to produce solids and is an high pressure play. Traditionally what happens is the chemical problems in the hole causes collapse.

"Our mandate is to drill the well quickly and complete it in such a way to prevent or inhibit the solids production and to sustain the production volume as well. Our strategy is to drill the well where previous Socar wells showed high productivity on test but difficulties in producing the well. So it's a risk project, but not in the sense that the oil or source rock or the trap needs to be proven. The risk here is the difficulty in completing the well to sustain the production—an engineering risk."

MOC's new well (MOC-01) is only 75 meters from the previous well (Muradkhanli-208), which was drilled in 1980 and produced on DST up to 2,100 b/d, but soon became clogged due to mechanical difficulties. MOC-01 was spudded in January, drilled down to 4,567 meters, and logged, whereupon a significant oil column was identified in the fractured Middle Eocene limestones, sandstones, and volcanics, as was expected, and an unexpected additional play in the Upper Eocene fractured clastics. A number of attractive fractures were also found in the rock, but when it came to running the seven-inch line to complete the well, problems thwarted further completion. There was an attempt to complete the well through the drillpipe, but a tool was dropped and it was abandoned. (See "Ramco Sets Casing on First Azeri Onshore Well".)

MOC then decided to sidetrack this well, which commenced in mid-June, with drilling through mid-July. Considerable flow is anticipated on tests, but sustained commercial levels of production have to be verified. Seismic is scheduled for the field, then a few appraisal wells so that, by the end of 2001, there should be a clear picture of the extent of recoverable reserves. Known already, however, is that it will require considerable fracturing throughout the field, and extensive horizontal drilling. By 2002, if appraisals are successful, a comprehensive field development program will be put in place covering both the Rehabilitation Area and the new Exploration Area, with potential oil production in excess of 100,000 b/d of oil. "

hxxp://www.oilandgasonline.com/doc/caspian-pioneer-focusing-on-muradkhanli-shall-0001

[scotty666] 25/1/2017 09:05

Momentous Events 09/03 is pleased to announce #GUN Gunsynd PLC attending the upcoming investor event. Tickets here ��7356;�

Hamish will be at momentus next investor event for anyone that is going and has questions or wants to pick his brain on some of the investments / exit strategy etc.

[cpap man] 25/1/2017 08:25

ZEN



Zenith CEO Foregoes Salary in Lieu of Equity at Premium





Calgary, Alberta, January 25, 2017, Zenith Energy Ltd. ("Zenith" or "the Company") (LON: ZEN; TSX-V:ZEE) the dual listed oil & gas producing company with assets in Azerbaijan, Italy and Argentina is pleased to announce a salary sacrifice proposal by Andrea Cattaneo, CEO of the Company.



Director Salary Sacrifice in Exchange for Company Shares



Andrea Cattaneo, CEO, has proposed (the "Salary Proposal") to the Board of Directors to swap his full salary for the next twelve months, effective on the 1 February 2017, in exchange for common shares of Zenith (the "Salary Sacrifice Shares"). The Company's Board of Directors has agreed to the Proposal subject to the filing of an application with the TSX Venture Exchange ("TSXV") and the receipt of approval of the Proposal, including how such Salary Sacrifice Shares will be priced, from the TSXV.



Andrea Cattaneo, Zenith Energy CEO, commented:



"In a clear indication of my strong belief in the potential of Zenith's future, I am pleased to announce my remuneration in equity. This proposal stems from my strong belief in the Company.

I trust shareholders of Zenith will view my commitment positively and recognise the real value of the Company.

I am determined to see the success of Zenith."

[cpap man] 24/1/2017 08:05

ZEN



effiert24 Jan '17 - 07:33 - 237 of 240 1 0

Now thats what i call a decent RNS/Update/

These guys mean buisness.

can see 20p+ pretty sharpish here on with regular updates

effiert24 Jan '17 - 07:47 - 238 of 240 1 0

"the timing could not be more favourable for the Company to expedite its strategy to increase production."

effiert24 Jan '17 - 07:50 - 239 of 240 1 0

#ZEN 'Muradkhanli, Jafarli and Zardab, have previously produced in excess of 9,000bopd with peak production even reaching 15,000bopd' WOW!!

[cpap man] 24/1/2017 07:55

Zenith Commences Workover Programme in Azerbaijan







FOR IMMEDIATE RELEASE

(LSE: ZEN, TSX.V: ZEE)



Calgary, Alberta - January 24, 2017 - Zenith Energy Ltd. ("Zenith" or the "Company") the international oil and gas development and production company with assets in Azerbaijan, Italy and Argentina is pleased to announce an update on its operations in Azerbaijan.

Azerbaijan - Introduction

The Company, through its wholly owned subsidiary, Zenith Aran Oil Company Limited, recently assumed operatorship of Azerbaijan's largest onshore producing oilfield in a Rehabilitation, Exploration, Development and Production Sharing Agreement ("REDPSA"). The REDPSA was signed between Zenith Aran Oil Company Limited and SOCAR (State Oil Company of the Azerbaijan Republic) on 16 March 2016, was approved by Azerbaijan's Cabinet of Ministers on 25 April 2016, and subsequently ratified by the Azerbaijan Parliament on 14 June 2016. Production under the Zenith banner began on 11 August 2016.

Zenith holds an 80% participating interest in the three fields within the contract area (Muradkhanli, Jafarli and Zardab), while a SOCAR Oil affiliate company (fully owned by SOCAR) retains the remaining 20%. The duration of the REDPSA is 25 years, with a potential extension of 5 additional years.

It should be noted that in Azerbaijan a REDPSA has the unique feature of being a statutory law of the Country, having been enacted into national legislation following parliamentary ratification.

Azerbaijan - Highlights

· Regular cashflow from Azerbaijan operations with production of approximately 295bopd.

· Initial payments from SOCAR Marketing Operations were reported already in November 2016 and to date all invoices due have been paid punctually.

· Signing of well workover contract and engagement of highly experienced local drilling company to initiate and execute workover of first two wells in the programme (M-195 and M-45).





Azerbaijan - Operations And Workover Programme



Further to prior announcements (see TSX-V) and the Company's admission to the Main Market of the London Stock Exchange, Zenith continues stable production rates of approximately 295bopd across its three producing fields of Muradkhanli, Jafarli and Zardab.



In addition to the TSX-V press release of 21 November 2016, Zenith continues to receive regular cashflow from SOCAR Marketing Operations for delivery of Urals crude oil from the Muradkhanli, Jafarli, Zardab fields. Since this date all invoices due for crude oil quantities formally delivered into the international pipeline network by Zenith Aran have been paid punctually and, at times, in advance of the due date.



A key element of Zenith's ongoing strategy for Azerbaijan is to increase the scale of its activity to deliver near-term incremental increases in daily oil production. To achieve this goal a workover programme aimed at rehabilitating the first 10 of 65 low producing wells at these fields has begun following the signing of the aforementioned workover contract.



The workover rig is en route to site and is expected to start operations on 31 January 2017. Further updates on the progress of the workover programme will be provided regularly.





Andrea Cattaneo, Zenith Energy CEO, commented:



"We are pleased to announce the beginning of our workover programme so soon after Zenith's successful admission to the London Stock Exchange's Main Market. With the current price of Urals oil exceeding $51 per barrel, significantly higher than the price of oil when Zenith first assumed operatorship of these fields, the timing could not be more favourable for the Company to expedite its strategy to increase production.



Our fields, Muradkhanli, Jafarli and Zardab, have previously produced in excess of 9,000bopd with peak production even reaching 15,000bopd during the Soviet Union period. However, shortly after achieving these peaks, production significantly declined due to a series of mechanical failures; and progressively declined because of a lack of investment in the fields. This lack of material attention towards the fields can be explained by Azerbaijan's post-independence national energy strategy focused on offshore oil production.



The Company believes that this lack of maintenance and gradual dilapidation of field equipment is the principal cause of the decline in oil production and that these fields are far from reaching a stage of natural depletion. This has been confirmed by the recent Competent Persons Report (CPR) that assessed 2P reserves of 33.4 million barrels of oil net to Zenith.



We look forward to providing Zenith investors with regular updates regarding the progress of our development and rehabilitation activities in Azerbaijan."

[scotty666] 23/1/2017 17:17

comedy it is hard to follow your post sorry, I assume you are on an old blackberry type phone - but one key point I think you make is regarding the oil cycle and the coming years. Here I agree and think GUN are doing a better job than I ever could of getting in at the start of this cycle on what appear very favorable terms / discounted rates?

[comedy] 23/1/2017 15:00

scotty the investments that are going up will never reach pi shareholders..ie no dividends...only money made will be in share price growth...and if you look at hamish O M..then will see only money to be made is on a spike up...we have been led a merry dance with him and his cronies for 3 years...will see if this is going to be higher in december 17...in this time of oil cycle starting is to get in to the stocks that will multibag over 2 to 3 years..this is a gamblers stock and most pi's will lose...zen is a liquidity play just like angus.

[dr jekyll] 23/1/2017 14:39

MTR in which I am also invested has seen several of its investments going up in value recently. I am hoping GUN will follow suit although it might take a while longer.

[knicol46] 23/1/2017 14:15

Possible income to GUN..

26 Feb 2014
Venn Life Sciences (AIM: VENN) announces the acquisition of the intellectual property rights in Labskin™, SYN1113 and related equipment of Evocutis plc, for £210,000 in new ordinary shares in Venn, a royalty of 7.5% on the gross sales of LabSkin™ for 3 years from date of acquisition, and a royalty of 25% on the future sale of or out-licence agreements for SYN1113.

4 Oct 2016
Venn Life Sciences Limited, has entered into a conditional agreement under which it and Lynchwood Nominees Limited, as custodian for the Helium Rising Stars Fund, would sell the entire issued share capital of Innovenn UK Limited for a total consideration of up to £4,740,000. The business acquired Labskin, a living skin model, and an anti-acne formulation and since acquisition has invested in the further development and commercialisation of these assets.

18 Oct 2016
Venn Life Sciences (AIM: VENN) announces that further to the announcements on 4 October 2016 and 27 October 2016 it has completed the sale of its shareholding in Innovenn UK Limited to Integumen Limited and that Integumen Limited is currently going through an IPO process. Venn is receiving ordinary shares of £1.00 each in Integumen as consideration.

22 Nov 2016
GUN – ‘the actual amounts of royalties receivable in future years is dependent upon a number of factors, all of which are outside the Company's control. These include Venn's ability to be able to generate commercial revenues from the intellectual property assets, the demand for those products and other economic factors, and as such, the Company has taken a prudent basis and not accounted for any potential future royalties.’

[scotty666] 23/1/2017 10:12

So following your logic all of this was so insiders could risk 700k for a quick 10% gain? and that assumes they could have sold all 1,752m shares.

To your last point the value of investments has given them an unrealized gain of around 300k inside 2 weeks, so a little more than zilch.

[comedy] 23/1/2017 09:34

what did i say about cabbage oil and gas??? these "investments" are now a bait for pi's to jump in and for the insiders to sell out all their placing shares...yep if yuo got in 0.04p then possible to make some on turn...but dont get left holding these as they will be back down and roll on another 6 months to a year and next placing will be 0.03p???

whats gun earning???ZILCH???

[cpap man] 23/1/2017 07:10

Interesting RNS out from GUN this morning....



Hamish Harris, the Company's Executive Chairman, commented:

"Whilst this investment is not in line with our recent onshore oil and gas focus it does provide the potential for a very large reward at a small cost. We will be working closely with Sunshine in order to help them to both obtain the jejevo licence and then if successful to obtain a maiden JORC resource and bring the company to market. Sunshine have already agreed a deal with the relevant landowners with respect to Jejevo and are confident that the licence can be achieved in the next few months"

[scotty666] 20/1/2017 07:49

With some of the big trades, placing and specific investor (s) taking decent amounts when should we see some holding RNS

[scotty666] 19/1/2017 13:51

Nice research note and from Align who have a pretty good track record.

[dr jekyll] 19/1/2017 12:33

I have bought some of these this morning. Thanks for your mention of them on the UPS thread and maybe ZEN thread cpap man. You are doing a good job of highlighting shares.
Good luck to you.

[cpap man] 19/1/2017 10:33

ZEN [recent IPO on the main board listed in London] & GUN [large ZEN shareholder listed on AIM]



Share price target for ZEN = 42p+



i.e. 4X BAGGER



Sum-of the parts valuation suggests significant value

Valuing the Azerbaijan assets using a DCF model based on the new CPR report and adding in the Italian assets, while wary of further capital issues, we have a sum of the parts valuation of 42 pence per share. The Italian assets alone cover in excess of 50% of the market cap, with Azerbaijan providing significant potential value.

FULL NOTE FOR DOWNLOAD HERE - hxxp://www.alignresearch.co.uk/wp-content/uploads/2017/01/Zenith_Energy_Align_Research_Jan_2017.pdf

Zenith Energy is a research client of Align Research. Align Research has an interest in Zenith Energy shares. For full disclaimer information please refer to the last page of the full document. This investment may not be suitable for your personal circumstances. If you are in any doubt as to its suitability you should seek professional advice. This note does not constitute advice and your capital is at risk. This is a marketing communication and cannot be considered independent research.

This information is provided by RNS

The company news service from the London Stock Exchange



effiert19 Jan '17 - 08:08 - 184 of 185 2 0

42p broker note out.. cant see this staying below 10p for long

Potential19 Jan '17 - 08:09 - 185 of 185 3 0

42p target!!!!!!!

Brilliant RNS - just topped up