Zenith Energy Share Discussion Threads

[grannyboy] 09/5/2017 13:09

sea(sick)7, have you not noticed..No one has taken your side, even the brown nosers who think everything's hunky dorey, because they have read my posts right and can differentiate posts, unlike yourself...

[sea7] 09/5/2017 13:07

cash,

I have invested here on the basis of a plan to get to 1000bopd by next march. The timelines for well workovers and the sidetrack are, in my view expected to slide and I am not bothered by that.

I have not put on a full position here, bought some more at a lower price and will add more as and when I see fit.

I am no longer conversing with grannyboy as I have seen his posts elsewhere and I will not associate myself with people like him, either in person or on a bulletin board.

[cashandcard] 09/5/2017 13:02

Folks,


Its getting very heated on this board. Lets all calm down, let's play the ball not the man....

So here goes;

The issues here are simple; the original plan failed due to down-hole obstructions which they could not clean out. There was an added delay as the operational teams were/are learning as they go, so its one step at a time. Where management have made a mistake is giving timelines on social media and interviews. My main concern with the strategy is management thinking they can rework these old wells and get them to produce at decent rates - some may need different solutions altogether. Too many legacy problems to contend with. However, the drilling of sidetrack to be completed with modern standard techniques is a 'leap' in the right direction. The talk of new wells is even better. But for now, the sidetrack will suffice, they just need to get it right in a reasonably timely fashion and cost. I still think there is substantial value to be outed, so will hold out to see what sidetrack yields.


Cash

[sea7] 09/5/2017 13:00

I have filtered grannyboy, as I do not wish to read anymore of his disgusting comments and derogatory postings. I wasted enough of my time conversing with him until I saw the disgusting posts on the ukip/eu in or out threads. The guy seriously has issues.

Probably should have listened to ravin earlier, oh well, no time like the present.

[grannyboy] 09/5/2017 12:57

sea7 you seem to be under the impression that no one else reads these post, and will have seen the difficulty you have in differentiating between posts, or understanding them, thank goodness you have decided to go and hide , you have embarrassed yourself for long enough..

[sea7] 09/5/2017 12:53

good to see barnetpeter, there is plenty going on at the moment, so we have some decent share price triggers to look forward to.

[grannyboy] 09/5/2017 12:51

sea7 YOU'VE lost and YOU can't answer my superior intellect....

[grannyboy] 09/5/2017 12:50

Yes in their context..perfectly in order...

[sea7] 09/5/2017 12:49

As I have already won here, by the fact that you have made a fool of yourself on this and other boards, I will not continue with the discussion with you, as I will simply start revelling in it and rubbing your nose in the fact that you lost.

See ya grannyboy - better luck next time - get some practice in, then you might actually be a challenging opponent, instead of the simple breeze that was.

[barnetpeter] 09/5/2017 12:48

bought a few today....

[grannyboy] 09/5/2017 12:37

I've no regrets whatsover what i've posted on the UKIP thread or any thread, and just like a liberal far left fascist when they(you) lose an argument revert to name calling, as in being a rascist...

[grannyboy] 09/5/2017 12:34

Above the staggered line was from my post 1057...Below the staggered line i was making a statement of the fact we did get an rns on the 18/4 telling us they had run into problems and the well needed a sidetrack..

I think there is only YOU that is so thick YOU cannot differentiate between posts.

And by your obsfusion you will not change the fact that i made a valid point in my post 1057.

[sea7] 09/5/2017 12:21

nice try granny.

Your post 1838 has a repost of your 7th april posting, however, you have underlined that and posted this part...

"So far i've read it pretty well.. And when eventually did we get the rns telling us the company were going to do a sidetrack..

which you have conveniently decided to delete from your reposting of your post 1057, in your post 1862 and moved it to the top of the post, in a vain attempt at validating your errors.

Three posters including myself responded to your post by copying and pasting the relevant extract from the rns you were not aware of.

Time for you to stop digging granny boy, you are making yourself look foolish.

Stop crying and whining about your losses and the fact that you are claiming that the company took you for a fool. Suck it up.

[sea7] 09/5/2017 12:06

They will have a good idea of how long it will take to drill the sidetrack, as they have access to original well data regarding geology.

[cashandcard] 09/5/2017 12:02

sea7,

I'm confident they should achieve a result by the end of May.


Cash

[sea7] 09/5/2017 12:00

cash,

After the completion of the whipstock ops, they would pick up drilling operations again.

This is the drilling of the 60m section, casing it, cementing it and then re-entering with a smaller diameter bit, once is has cured, to drill the last 40 metres as open hole. I expect this will take at least all of this week to do.

[cashandcard] 09/5/2017 11:58

sea7,


Interesting, they should be getting closer to a result on M195. I'm just hoping there are no more down-hole issues.


Cash

[sea7] 09/5/2017 11:49

anyone paid to read this, probably not but I am asking anyway...



Canadian company speeds up well workover at Azerbaijani oil block
9 May 2017 09:56 (UTC+04:00)

[cashandcard] 09/5/2017 11:39

granny,


We could have sold out on a gain weeks back, but we remain because the potential is still very good with substantial upside (surely same rationale as yours?). There is still a good chance they can achieve a decent production result at one of the workovers. There have been a few negatives with respect to AC's comments regarding timelines, the on-the-job learning, execution risks while in active field operations and subsurface. Yes, mistakes in an industry fraught with problems. But all it will take is one decent result to showcase the production potential of these assets. That could come with the current workovers, as they are completed and tested in due course.

Hang in there.



Cash

[sea7] 09/5/2017 11:38

The thing I see, is you, unable to accept the fact that you did not take profits when you had the chance, are now underwater and do not want to book a loss and are blaming everyone else for your own decisions that you took.

Stop whining, suck it up and either move on or wait patiently for an update.

If you cannot stand the fear of losing cash, then why risk it in the first place.