Zenith Energy Share Discussion Threads

[ravin146] 02/5/2017 19:18

Sea7 don't waste your time. We all know 11smith has not made a penny and not has a position long or short!Ignore the fool

[sea7] 02/5/2017 18:09

Your being overly pessimistic 11smith,

Do you think that all those on the ground, involved in the drill are running around like lunatics, panicking because 11smith on the advfn bulletin board is expecting results immediately.

Get a grip will you.

These things take time and effort to get to, to exit from, to set up alternatives, to deliver equipment and to ensure that each stage is executed correctly.

They started in February on a workover, we are nearly three months down the line and they are at the stage of drilling the sidetrack, then cementing the casing, waiting for it to cure, then re-entering and drilling to target depth, which will be open hole. Then we start to consider things like flow rates.

They are working through their stated plan.

[11smith] 02/5/2017 17:02

Sea7. Can you clarify - 'the fact that they switched to a sidetrack on the first well and had things moving relatively quickly', particularly - 'moving relatively quickly'? Relative to what? As I recall we waited longer than anyone here expected for news that M-195 wasn't viable and a sidetrack was the only (and last) option available. Then we waited a further 2 weeks for news suggesting no real progress had been made with the sidetrach. So, if that is 'relatively quickly' I dread to think how long all this will take if they hit ant real difficulties.

[sea7] 02/5/2017 15:15

Grannyboy,

This first well is more challenging than the others and offers much more upside to the programme. This is why they chose it first.

My lack of a timeframe is also taking into consideration that azer isn't the only iron in the fire and gives an additional revenue stream in addition to the current 300bpd in azer.

They will have assessed the drilling plan and the fact that they switched to a sidetrack on the first well and had things moving relatively quickly, says they had considered it as an option, before any workover started.

[grannyboy] 02/5/2017 15:08

sea7, you might not have put a timeframe on, but the company has, and that is to reach a daily production rate of 1000 pd, now does the company know for certain that there is not going to be problems like they've had at M-195 at other wells, because if there is then another couple or three 'problem' wells and their targets will be missed..

[cashandcard] 02/5/2017 14:33

sea7,


Agreed. Enough talk, enough speculation on these boards, the only thing that matters now is results. Nothing else will change the course here - market needs to see one workover go as planned.

This either sinks or swims.


Cash

[sea7] 02/5/2017 14:07

It would be much better for us to simply sit tight, be patient and wait. The fact that we are receiving pictures by twitter with drilling updates is a bonus, whether half of them appear staged for the camera or not, it doesn't matter, it gives us some idea of what is going on, on the ground.

Some will sell out simply because things aren't moving fast enough in their eyes, so what, let them. We know that these are proven resources. We are not wildcat exploring here. The oil is there, Andreas said in an interview recently that they were taking their time, so as to get everything right on this first drill. It is one of the more challenging on the field, so we can expect them to take matters more slowly.

If people throw in the towel and sell for no other reason than impatience then that is up to them. I am holding and did not put a timeframe on this investment, nor did I put the whole position on at once.

I see half the mcap covered by the Italian assets, another quarter covered by cash, leaving 25% of the mcap, or about £2m for the azer assets. There is more upside here than downside at this time.

[pugugly] 02/5/2017 14:00

11smith - your 1636 - Some good points re Andrea - You have missed however a major negative (imo) allowing ALIGN - I presume he allowed them to issue the two research notes - A mitigation being a Canadian Company and an Italian with lack of knowledge of UK situs research houses. (He may been short of cash and took the free offer) .

On the other hand the oil assets (assuming the Beaufort note and the IPO documentation) are anywhere near correct and recoverable - potentiallay offer significant upside. The constant Twittering is for me a negative - The proof or otherwise of the project will only be revealed by the drill bit and oil produced (or not produced) !!!!!!!!!!!

[grannyboy] 02/5/2017 12:05

Is this company just another AIM company in wolves clothing...or a pig in the poke...

[ravin146] 02/5/2017 11:58

LOL the fool probably replied even though he is filtered!dipla - 02 May 2017 - 09:34 - 1635 of 1636 - 4Haha, 11smith hasn't even made money here!Typical deramper...I'd hate to live that life continually posting rubbish, get a proper job 11smith!...agree doesn't have a long or short position...really sad

[11smith] 02/5/2017 11:13

This is absurd. I point out the stupid statement made by the CEO and I am called a de-ramper. Wake up! The CEO blames the under-valuation on the crash in value of the wider TSX.V index. A ridiculous statement and unacceptable from a CEO. He must go and get a different job surely. /// Then we wait weeks for news of M-195 only to hear that nothing has been done. Commenting on these matters is not de-ramping.

[dipla] 02/5/2017 09:34

Haha, 11smith hasn't even made money here!Typical deramper...I'd hate to live that life continually posting rubbish, get a proper job 11smith!

[11smith] 02/5/2017 01:56

Ravin146, why do object to my post concerning the ridiculous remarks from the CEO. Let me try again, I posted - 'Is it time to appoint a new CEO? Mr. Cattaneo explains at length the reason Zenith is so under-valued. See the recent twitter presentation. He clearly states the reason for this undervaluation as being the decline in value of the TSX.v index, quoting figures to support his argument. So, that is the reason the company is so under-valued. He obviously compounds the problem by making such a stupid statement.' Now, why do you apparently find this so offensive?

[11smith] 02/5/2017 01:51

The twitter announcements don't help matters. At least it shows honesty and the reason there has been no news for so long on M-195 is because nothing has been achieved. What on earth have they been doing for 2 weeks? Nice clean overalls though.

[ravin146] 01/5/2017 22:59

Wow, it's the bank holiday weekend...a few of you are working overtime it seems. Though looks like it targeted at the 11yearsmith remarks. Thankfully filtered so easy reading!Just a note for everyone to consider its reply, and 11yearsmith, reply as you wish but don't care as you are filtered.11yearsmith does not have a long position here...deramping based on shyt and not facts!Ignore or filter simple...sad life

[pugugly] 01/5/2017 15:35

sea7:_ Thanks for that - Had to register for full article but most interesting.

[sea7] 01/5/2017 15:18

yep, I have looked at alba. They have 15% of the 65% HHDL vehicle behind horse hill.

They are always short of cash and whilst they raised £900k a while back they will have ploughed through most of that by now.

I have not read the article, however, this headline spoke volumes about lenigas and strang...

Gatwick oilmen star in muppet show
Alistair Osborne: Business Commentary
April 10 2015, 1:01am, 
The Times
Who needs a second runway? Not when you’ve got the Gatwick gusher, brought to you by that famous oil man David Lenigas and his sidekick, Donald Strang. They’re never far from a nodding donkey — if that’s not too polite a term for the muppets done over by their AIM-listed penny stocks.

[sea7] 01/5/2017 15:08

The sidetrack won't be completed this week. Finish the window, drill down, cement casing and drill slimmer hole to target depth and this section left as open hole.

[pugugly] 01/5/2017 15:05

sea7: On my list of things to do - I prefer to talk (to get body languge reaction) rather than e-mail - So getting question list ready.


On another possible have Oiler you looked at Alba - re Horse Hill and Weald - Flow rates look interesting but GUN involved and also Lenigas in the project - Possible Red flags to me - so need to do far more DD.

[sea7] 01/5/2017 14:58

The new images of m-195 from half hour ago, have only one guy in it, he looks a bit dirtier! the images are of running in hole with whipstock to open sidetracking window in casing.

[sea7] 01/5/2017 14:55

I have seen that to, pug. Have you emailed the co. and asked about it.

[pugugly] 01/5/2017 14:52

sea7: Major negative for me is "clean overalls" Looks as though just been put on for the photo shoot.


NB > Andrea - Please let us see some workers working and not looking as though dressed for a hospital operating theatre. ! However the one posted on March 23rd looks as thought they have been working - overalls are clearly showing usage !!

[grannyboy] 01/5/2017 14:28

It's all very well posting pictures of M45 on twitter, what we need is an update and flow rates from M-195..And if they are trying to give the impression that the sidetrack is just commencing, then that is just BS.

What have they been doing for two weeks...Do they only work a couple of hours a day or are they on permanent tea breaks?...

[thegreatgeraldo] 01/5/2017 14:24

Minor point, TMX record trade prices, so the share price can "fall" day to day if the last trade one day is at the offer & the last trade the following day is at the bid, although the bid/offer hasn't actually changed ;-#))