Zenith Energy Share Discussion Threads

[thelung] 04/3/2017 09:08

hxxps://audioboom.com/posts/5592673-andrea-cattaneo-ceo-of-zenith-energy-zen-10th-february-2017?t=0

7:48 minutes

"There are some wells with tremendous potential...3 or 4 of them can make the gain alone"

The gain being 700bpd to take field output from 300 to 1000bpd in 14 months. If it takes 4 wells, that's an average increase of 175bopd per well.

Current field output is natural flow and pumps have never been used.
_______________________

From Align's note on 12th Oct which clarifies 64 wells producing 310bpd in 2015 - 12 producing 245bpd and 52 producing 65bpd.

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
________________

Broke Man Dan spouts 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"

[thegreatgeraldo] 04/3/2017 00:37

Last few trades went through at 24c, which is a touch shy of 15p. Monday could be interesting.

[barnetpeter] 03/3/2017 17:25

I only am short on one stock....AVO. Well long here......remember that news changes everything. The note out today helped this spike. I thought it was headed back to 10p but I was wrong.

Yes always looking out for placings.....we have had tons on Aim recently. A horse hill stock placed today PRIM and the tank just tanked 40 per cent so am always looking for these.

[tippow] 03/3/2017 17:11

Barnet is a serial conman.. be careful!!

This is from another thread.

barnetpeter3 Mar '17 - 16:44 - 846 of 848 0 0
Added at 12.25 .....down on day and finished weak albeit a few late buys including mine. Will look to add more at 11.5 and 11.....should get this price although got to watch out for discounted placing I guess.

cpap man3 Mar '17 - 17:06 - 847 of 848 0 0
Lol barnetpeter (yet again) ANGS have only very recently had a placing!
barnetpeter3 Mar '17 - 17:10 - 848 of 848 0 0

[ravin146] 03/3/2017 17:09

Barnetpeter what are you now long or short? You said 10p if remember correctly...you've got it wrong all the time...must be this BBs lucky charm...keep it up with the bullshyt lol

[thelung] 03/3/2017 16:56

I've voted it up for balance - tried to vote it down for the crack but you have to be a blue to vote down.....so i blame ZENGAS :-)

[thegreatgeraldo] 03/3/2017 16:08

I'll guess the eejit who gave my "$600 million profit" comment the thumbs down won't own up to making an eejit of himself!!! pmsl!!

[moormoney] 03/3/2017 15:59

Great stuff BMD....wow! On a Friday close as well. Next week should be good🚀㉀0;

[barnetpeter] 03/3/2017 15:44

Breaking up now at all time high

[thegreatgeraldo] 03/3/2017 15:09

$600 million profit!!! ;-#))

[cashandcard] 03/3/2017 15:08

TGG,


Agreed. Its all about W/O progress and results and nothing stirs the market like a set of good results.


Cash

[thegreatgeraldo] 03/3/2017 15:06

ZEN - it's a good story & will go higher if they can show progress on the workover front.

[zengas] 03/3/2017 15:03

BMD was accused of ramping Sound Energy last year when it was around 13p and it didn't make immediate headway - it went on to break £1 by September and currently 90p.

Regardless of that, there's two other sources covering Zen - ie Beaufort note of 31p and Align research for 42p based on the workovers - so plenty of upside potential if those w/overs start to perform quarter on quarter.

Beaufort said they would not be surprised to see Zen achieve 3,000 bopd in due course.

[someuwin] 03/3/2017 14:59

Workover results very soon.

[thegreatgeraldo] 03/3/2017 14:47

Wonder what AC will have to say on Monday....

[someuwin] 03/3/2017 14:37

Moving up now.

[moormoney] 03/3/2017 14:31

Ha...who remembers a farthing😄
28516;😄. I'm pleased to see the rise continues.

[thegreatgeraldo] 03/3/2017 14:26

He doesn't seem to have many followers, up a farthing on the ramp!!

[scotty666] 03/3/2017 14:23

Good reason to but GUN as well then imo - results yesterday showed they are already trading 50% of NAV even before Zenith take off :)

[daniel levi bmd] 03/3/2017 14:09

FYI

Zenith Energy Update. 600 bopd soon?

Dan
x

[someuwin] 03/3/2017 14:00

BrokermanDaniel‏ @BrokermanDaniel · 10 minutes ago

Zenith Energy Update. 600 bopd soon?

[ravin146] 03/3/2017 08:30

It would be good to see align reaserch's views on the latest podcast?

[ravin146] 03/3/2017 08:23

Well based on the vox podcast yesterday by the CEO...1) company is 'very very undervalued'2) the company has very low debt and will continue to reduce this.3) he is in China- likely to be getting that additional rig, meaning production target could be moved forward as more rigs on the field.Monday will be interesting, with Tuesday an option too.Gla, imo