Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy LSE:ZEN London Ordinary Share CA98936C1068 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.75p 7.50p 8.00p 7.75p 7.25p 7.75p 865,329 11:44:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 9.65

Zenith Energy Share Discussion Threads

Showing 10526 to 10548 of 10550 messages
Chat Pages: 422  421  420  419  418  417  416  415  414  413  412  411  Older
DateSubjectAuthorDiscuss
22/8/2017
12:01
£23k worth of shares that buy. A decent amount, more is needed. Cash
cashandcard
22/8/2017
11:50
Well AC just bought 300k
ravin146
22/8/2017
11:38
I'd like other directors buy shares, not just AC
ravin146
22/8/2017
11:25
Yep, as they are buying another 11 pumps, for wells they have identified, which should increase production by 219 bopd at these wells, then the upfront cost, against payback time, will have been deemed acceptable to the company. The key part of this is, what is an acceptable timeframe for payback. As we do not know how much bespoke pumps are costing to instal, then we won't have any idea on payback times. They should be starting some seismic at some point, which isn't going to be cheap.
sea7
22/8/2017
11:23
Regarding the well flow,I wouldn't be surprised if the well initial flow was 46, then maybe fell back and has now been enhanced by the ESP, maybe the initial 46 bbls was not sustainable without ESP,this we will never know... On another point, I see someone picking up 100k blocks of shares..maybe the CEO free to purchase now since the news out
muddy_40
22/8/2017
11:04
Sea7, agreed. I'd rather they spend the ESP money on new drilling in optimum locations, than ESP's that can only achieve 10%-ish increments to well production. Lets see what happens. Cash
cashandcard
22/8/2017
11:02
muddy, Will do when I get a moment. Cash
cashandcard
22/8/2017
11:01
as someone said somewhere else, 3 bopd increase would be an embarrassment for schlumberger as well. So we should expect increases in time, once they are satisfied with the settings of the pump.
sea7
22/8/2017
11:00
Cash, As I said before,I think we may see the production figures on the website, you should email Andrea your concerns I am sure he will take note. Ravin, I think these ESP's may be the strategy of Mike Palmer, he is now running the show in the field,so he should know full well what is needed.
muddy_40
22/8/2017
10:59
Cash tbh they released this too early, should have released it after the esp was fully installed.
ravin146
22/8/2017
10:53
If the ESP's can only deliver 10% increment at optimum pressure levels, I would suggest its money wasted and they should forego them. Cash
cashandcard
22/8/2017
10:42
Cash I understand not providing a monthly update...as they have yet to fully finish a workover so is there any point?The most important thing now is how much a boost will these ESPs make?And also the cost of these?I didn't realise buying ESPs was part of the origami workover plan...I thought low budget repair jobs. Yes these are apparently bad ESPs for these 11wells but was that not spotted before?
ravin146
22/8/2017
10:39
muddy, I wish they would give a monthly, or more realistically a quarterly production update. Instead they just mention it by word of mouth which is not very professional at all. Cash
cashandcard
22/8/2017
10:21
Sea7, agree with cash.Well 45 can not be deemed a success if the ESP only yields 3bopd extra. It will be a wasted time, effort and money.I am expecting them to reach near 150bopd.Gla
ravin146
22/8/2017
09:35
Cash, As per presentation last week they were producing 350bbls in AZ, I would imagine with W45 we are now at 400. he also said that lifting costs at moment are about $20 and would decrease to $8 at 1000bbls
muddy_40
22/8/2017
09:28
I have to say, it really begs the question whether 1,000bopd is an attainable target given what we know. They need wells that flow consistently at rates greater than 50bopd and they need to give an overall production run-rate on a regular basis. No one here knows how many barrels are being pumped thus its impossible to go into a deeper cashflow or net returns analysis of the business. I will email them again when I have a moment, seriously need to reinforce the message to AC and others. Cash
cashandcard
22/8/2017
09:21
true cash, by quoting figures, they give an optimistic target and then get shot down when they miss it. They should really say nothing about expected rates after pump installation. Under promise and over deliver should be the way things are done.
sea7
22/8/2017
09:14
Also what is missing is the cost of the pump - cost of installation - expected life all critical (imo) as to whether a profitable operation or navel scratching.
pugugly
22/8/2017
08:25
yep ravin "should be able to" - they give theirselves a margin for error with that statement. We will see, once optimisation of the well has been completed, whether or not they will be able to build on the success achieved to date of taking a well from 1.5bopd to the current 49bopd.
sea7
22/8/2017
08:23
From 3rd July RNS:"The predicted production using an inflow production curve on this well shows that the Company should be able to produce 150 BOPD."
ravin146
22/8/2017
08:21
Sea7 I believe it will only be a success Once the production has been boosted.So far it's just been installed so let's see the yield pickup...
ravin146
22/8/2017
08:07
They have managed to successfully put a pump in, set it up, get it running, not crashed the well and at the outset, getting 3 bopd extra. They state they will be optimising the pump settings, so we could see production increases as time goes on. Having the pump in place, should assist with recovery rates going forward and allow for well decline to be put further into the future than would have been the case had it been solely under natural pressure. The most this well had achieved, iirc was about 80bopd, when it was first drilled. It declined to 14bopd and then dropped to 1.5bopd earlier this year, due to a blockage. They have got it back up to just over 50% of its historical maximum, with possible further increases, once optimisation and post workover analysis has been conducted. I see this as a success, albeit not the 150bopd straight away, however, gives us a good producer, which has now been put on production at 49bopd, from the previous 1.5bopd
sea7
22/8/2017
07:42
Yep it looks like an error on the presentation.Glad to see the ESP installed and can't complain too much with that, though it would have nice and better impact on the share price if they had done the tweeks etc and then get the higher production numbers released.Anyways good news so far. I'd like to know the cost of ESPs though, as it seem we need 11 more now for 200 extra bopd.
ravin146
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