Zenith Energy Share Discussion Threads

[grannyboy] 09/5/2017 09:55

I'd prefer them not to, because its just window dressing and means nothing..

And i've provided timelines in the past too..They mean nothing, the company can put any spin they like with twitter pics, and why you are defending them is beyond me, are you an insider?

I had a reasonable amount of confidence at the begining, but as things have progress the less is my confidence in the company's ability to fulfil on their plans.

[grannyboy] 09/5/2017 09:48

sea7 1816

"6th March the workover was successful to the 3069m level"

Yes and Sunderland was successful, but those above them was more successful..

It was still a failure, and is still a failure until they give out an rns saying that the sidetrack has been completed and oil is flowing at a rate of??....

[sea7] 09/5/2017 09:46

They do not have to provide communication via twitter if they do not want to, however, seeing as they do, it is good to see. More than a lot do, although I am starting to see other companies do the same thing.

I have not ranted grannyboy, merely provided timelines of events.

They are working to the timetable as close as they can. This well is not a race.

If I didn't have confidence in their ability to deliver on the current plans then I wouldn't even own one share.

I have confidence in the plans to get to 1000bopd by march next year, of which the 2017 plans are fully funded. After that, they require significant capital to implement the bigger drilling plans and there will be backers if they hit the 1000bopd target and exceed it.

We will see nearer the time.

[ravin146] 09/5/2017 09:44

So was I scotty haha.Gd luck. It's all swings and round...Each board has a fool, a clown, duplicate alias etc...this board is just full of them.Filter is heaven

[grannyboy] 09/5/2017 09:40

"Jumping up and down and ranting is exactly what a lot of aim punters do"

Well i hope you are right with the confidence you have got in the company, but you go off on rants about the company and the reasons for the delays, we've had rns's, which have mostly not been positive, and staged twitter pictures which seem to pacify some posters.

As far as i'm concerned, and i know you will say 'they are not working to my timetable'..but are they even working to their own?...

[ravin146] 09/5/2017 09:38

Scotty what makes you say that lol.I hope your GUN investment is doing well.

[scotty666] 09/5/2017 09:36

Agreed sea7 - ravin please stop ranting and jumping up and down :)

[sea7] 09/5/2017 09:35

Tks ravin,

[ravin146] 09/5/2017 09:31

On the money here... I fear a lot of current investors here are here for st success thinking this is AIM. The posters comments and lack of patience just explains it all.Great post sea7sea7 - 09 May 2017 - 08:42 - 1817 of 1818 - 1grannyboy..you said...And to those who keep repeating, this is not on AIM, then the company should stop acting like one........................................It is not the company acting like it is on aim, it is the investors who are acting like aim investors and subsequently investing/trading like aim investors, which is creating a market like an aim stock.Jumping up and down and ranting is exactly what a lot of aim punters do.

[thelung] 09/5/2017 09:19

The external contractor has to prove their worth in order to get any future work

The company need to produce results to give confidence that medium to long term production increases are realistic

The purchase of a drilling rig is being brought forward

Further acquisitions will happen

CTFO

[sea7] 09/5/2017 08:42

grannyboy..

you said...

And to those who keep repeating, this is not on AIM, then the company should stop acting like one..
......................................

It is not the company acting like it is on aim, it is the investors who are acting like aim investors and subsequently investing/trading like aim investors, which is creating a market like an aim stock.

Jumping up and down and ranting is exactly what a lot of aim punters do.

[sea7] 09/5/2017 08:33

grannyboy,

9th feb announced workover commenced on 195.

6th march the workover was successful to the 3069m level - where they encountered a restriction - they said equipment would be sent from baku within the next week - this took us to the 13th march.

18th april they stated that a more sophisticated work over rig was required and had arrived on site. This means between 13th march and 18th april they tried to remove the restriction with additional equipment and then realised they
couldn't and discussed the way forward. They then decided on the sidetrack and got the rig ordered. This will have taken a bit of time to get to the site.

Between the 18th april and the 26th april they set up operations, set the bridge plug and cemented. Three days to cure.

1st may, running in hole with whipstock to open window in casing.
7th may completed the opening of the window in casing, which will have also included drilling the rat hole about 10ft out from the window.

I do not think that it has been inordinarily delayed, not the quickest of operations I grant you, however, they are getting the job done correctly and that is what matters.

I think that the time it has taken so far, has been explained and is understandable. Just be patient.

[cashandcard] 09/5/2017 08:33

timw3
9 May '17 - 08:20 - 1811 of 1814 0 0

sea7 gl chap. With AAOG you need to look at the market of £13m vs the $750m prize drill they are going for in July. all of which will be self funded via workovers.

--------------------------------------------------------------------------->>
The big Djeno target drill will NOT be funded by workovers - it will come from the £10mln they raised at listing a few months ago.

I am an AAOG holder.


Cash

[grannyboy] 09/5/2017 08:27

"People are either too impatient and want instant returns,"

No people want to get a workover completed, and signs that the company is going to start fulfilling their plans to increase daily production rates.

Maybe the company should prior to listing, informed the market that the workforce would need on the job training, starting with pump replacement, if i'd have known this then i would have reavaluated my investment.

The drip, drip, drip of the share price will continue until the company gets its finger out and results to the market, instead of posters sticking up for the company..The longer there's no news the more chance the M-195 is a failure.

And to those who keep repeating, this is not on AIM, then the company should stop acting like one..

[sea7] 09/5/2017 08:26

tks timw,

If things go to plan for them, then they could be at 5300 bopd and their $5 barrel costs in less than a year.

The big risk for AAOG is that they can afford one drill on this one producer, however, if it goes wrong, they run out of cash and it is still not profitable at the 250bopd they may be at, by that time.

At least that is how I see it.

[ravin146] 09/5/2017 08:22

Timw3,Sea7 summed it up, but crucially.ZEN is Main market- standard and NOT AIM, whereas that company AAOG is lot riskier under that market.Gd luck to you, but this is a Zen bb.

[timw3] 09/5/2017 08:20

sea7 gl chap. With AAOG you need to look at the market of £13m vs the $750m prize drill they are going for in July. all of which will be self funded via workovers.

[sea7] 09/5/2017 08:15

timw,

AAOG has a fairly straightforward plan to get to 250 bopd from the current 38bopd.

They will burn a lot of their cash on the drill and they can be profitable at $35 a barrel with around 500bopd.

If the drilling does well, they could be in excess of that bopd amount by quite some margin and have a cost of $5 a barrel.

shareprice is up around 40% since listing. They only have the one area to focus on and there are a few "ifs" used in the communications.

Zenith has more production, already generates free cash each month and has a more diverse portfolio of assets. zenith also has a lot more wells to choose from in the workover plan than AAOG could hope for.

Whilst AAOG does have more cash in hand than zenith since listing, they are unprofitable at 38bopd and consequently higher risk when looking at what they have and what they have to do, compared to zeniths risk profile.

They have issued three rns's on operational matters since listing, which is less than half the number zenith has issued and they do not offer twitter updates either, as far as I know.

They have, BNY mellon absolute equity selling down its 18% holding. They are down to 11% now and will likely keep selling until they exit.

If AAOG share price comes down by at least 50% it would be more attractive to me.

I will stick with zenith for now. Thanks for the tip anyway.

[ravin146] 09/5/2017 07:55

Andy, With due respect to others on here, it is time to pipe down now. You've been found out, and I posted my views. Not here to have a court case lol. They can read the CTAG board.Stick to ZEN and not is related companies history.CEO interview soon!

[timw3] 09/5/2017 07:54

I would rather buy a company that communicates with its shareholders and has far bigger potential short term. AAOG for example is aligned with shareholders interests and is fully funded!


oakville9 May '17 - 05:20 - 1804 of 1807 0 0
There will be punters paying 15-18p in a months time and they could buy today under 10p, which is why we buy these stocks when they are doing nothing.

[sea7] 09/5/2017 07:51

Oakville,

People are either too impatient and want instant returns, or are to risk averse to buy in at the lows pre results.

Buying at these lows gives us a greater margin of safety when viewed over the year to come.

[sea7] 09/5/2017 07:45

muddy, the chapman report is in the listing document. It is the Competent persons report.