Zenith Energy Share Discussion Threads

[ravin146] 12/6/2017 15:56

clues? they will get a grilling if well-45 and well-195 official rates are not released!

hxxp://www.oilcapital.com/conferences

[ravin146] 12/6/2017 15:49

Sure, could be, maybe I've been used to companies release official results first, hence broker updates the very date RNS is released.

All in all...it was a PR disaster. The share price reacted badly and the new was badly filtered out to the media.

What is the consensus here, of when well 45 will be completed?

We should get a well-195 official rate very soon.

This week, next week?

[sea7] 12/6/2017 14:45

They can comment if they want to. The fact that they have not even commented on it, might mean that andrea has asked them not too until flow rates are known.

Andrea didn't want the stock bouncing all over the place on each well, however, I suspect he didn't want it down at this level either.

[ravin146] 12/6/2017 14:25

fantastic coverage...

hxxp://www.share-talk.com/share-news/steve-larratt-on-tiptv-stock-watch-zenith-zen-and-old-mutual-oml/

still waiting on these broker updates...maybe they can not comment until official figures?

[sea7] 12/6/2017 13:27

they did state that m195 and m45 are the more challenging wells in this part of the program, however, they are expected offer better upside once complete and on production.

[rameshh] 12/6/2017 13:22

The great...*i should have stated underestimated.I don't think they underestimated the task. They are ahead of schedule in term of the 1000bopd target.In hindsight, the staff were too inexperienced for well-45 and the well was just too old.Nevertheless, on target.

[andy] 12/6/2017 12:25

aggieuk,

I tand to agree, expectations were raised initially, and then the news was slow in coming, and the hot money has moved on.

[sea7] 12/6/2017 12:17

aggieuk,

The stock is fairly liquid and allows for trading opportunities. Not that long ago, it was 10p, went down to 8.25p and then back up to 9.75p. There was a decent churn of stock, the market makers made good money off the spread and traders made a 10% return, when buying at around the 8.5p level.

Once the stock is down enough, it is likely to be walked back up, to allow it to be traded again.

The lack of news, will simply create more boredom selling and lower prices, giving lower entry points for traders who will sell on any rise.

[grannyboy] 12/6/2017 12:10

Buys and sells make a market, so it it quite exceptable to have people buying AND selling, otherwise the share price would just stagnate.

At the begining of the year there seemed to be confusion in which drilling team was the most suitable, and with the now admitted lack of suitable equipment being rectified going forward we should see more positivity in the market.

But there still needs to be improvements on updates of work in progress, to keep the market informed instead of 'radio silence'..

[aggieuk] 12/6/2017 11:57

Agreed the PR should have been left out until they were making decent headway, they've embarrassed themselves so far hence why the share price has taken a battering. Plus we're moving in all the wrong circles (AIM agencies and investor shows) so were only ever going to attract bad people to the share and not the long term holders as everyone wants and needs for stability.

[thegreatgeraldo] 12/6/2017 11:12

Who's saying the BOD have failed? Do you not think they under-estimated the job in hand? Progress to date suggests the wellstock is not in very good nick. They could have done with less PR & spin earlier in the year.... imvh, of course!

[rameshh] 12/6/2017 11:07

thegreatgeraldo - 12 Jun 2017 - 10:38 - 2479 of 2479 - 2He-he, see I'm filtered by a few..... for daring to suggest a few months back that the board may have under-estimated the scale of the task they'd taken on!! You have to laugh..... ;-#))....Underestimated the task?! The task is reaching 1000bopd...they are very much on track to smash past that in before this calendar year!Just because some shareholders account are showing red and panicking does NOT mean the BOD have failed.Dyor.

[thegreatgeraldo] 12/6/2017 10:38

He-he, see I'm filtered by a few..... for daring to suggest a few months back that the board may have under-estimated the scale of the task they'd taken on!! You have to laugh..... ;-#))

[ravin146] 12/6/2017 10:26

Well j-45 update should not be far off. We've not been told any obstructions etc so this should be a simple workover not sidetrack.Seller vanished?

[honestcrook] 12/6/2017 09:24

Sensible buying coming back to zen. Long may it continue. This is so undervalued it's staggering. I've toped up this morning?. CEO traget was 100p remember

[ravin146] 11/6/2017 23:16

Brasso,322 from current production- based on recent RNS and add 149bopd- this this is not the final figure as inc fluids and could be a lot higher with clean up and sub pump.Phenomenal start really, though so is lagging. Guess it's a great buying opp imo

[grannyboy] 11/6/2017 09:22

Brasso3 in the 1/3/17 3rd quarter update they were producing an average of 322 boepd, since then they have installed pumps in 4 wells increasing production by 14 bpd, since then there's been the sidetrack at M-195 which produced 149 boo fluid, which once cleaned up expect this to increase.

So leaving out M-195 the bpd will be approx 320 bpd..with the M-195 you could be talking over 500 bopd.

[brasso3] 11/6/2017 00:34

Can anyone state what the current production is at present?

[barnetpeter] 10/6/2017 22:32

Been buying at average 8p but sure it will go lower now. Bit of a falling knife at all time lows so will be looking to add at and below 7p. Quite relaxed about the situation....made plenty on the way up.

[rameshh] 10/6/2017 22:19

Bad gateway...

No shyt Sherlock yes we are the same posters LOL.

Hope you both recover your losses.

Gd night

[andy] 10/6/2017 22:07

bad gateway,

OK, LOL!

Thanks for the heads up, I did wonder why his view was so biased.

[bad gateway] 10/6/2017 21:39

Andy if you pull up and read rameshh's posting history you'll find quite a few/most of them agreeing with everything raving has to say.
Either its the same poster (which is my bet) or rameshh has his tongue so far up ravings proverbial it may as well be.

[andy] 10/6/2017 21:19

rameshh,

So what's the problem with me doing the same then?

Everyone is an adult here, you do fellow posters a discredit by suggesting they are not able to discern whose posts to read.

Or are you suggesting that Raving is the ultimate authority on what's posted?

[rameshh] 10/6/2017 20:42

Andy, Disagree. I am more than happy for a filter list to be regularly circulated. New and current investors can see it and make their own judgement to follow or not. This board is not moderated so the filter is great to avoid current and new investors wasting their daytime scrolling through tons of rubbish/and non-factual posts. Would be great to see on other boards!Gd wkend