Zenith Energy Share Discussion Threads

[sea7] 09/5/2017 11:34

your post 1838...

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..

18th april rns - clearly by your post you didn't know about it.

[grannyboy] 09/5/2017 11:31

sea7 you take parts of my post and give stupid reply's, but don't answer anything.. as in YOUR post 1845 saying i didn't know anything about the 18/4 rns, and for which i'm awaiting clarifying, my post 1849...

[grannyboy] 09/5/2017 11:25

There's a saying...'A long term holder is a failed day trade'...

[grannyboy] 09/5/2017 11:23

We all expect further gains(most, unless you've got a short on)..Its when you take those gains..

The only thing i recognise is that we've had on the job training, a failed w/o, an eternity in doing a sidetrack and a few staged twitter pics..

[sea7] 09/5/2017 11:19

ahhh so we get to the truth. You didn't take a profit as you expected further gains and are now underwater. Stop blaming others for your investment decisions. You chose to buy, you took the risk, you decided to hold and now you are underwater. Your decision, your fault, not the company's.

I always expect the unexpected and invest accordingly. This is an oil and gas junior, which like all others, attracts all sorts of retail speculators that will drive the price up and down.

Surely you recognise this.

[grannyboy] 09/5/2017 11:18

sea7 "You didn't even know about the rns on the 18th april"????

Of course i knew about the rns...If you are referring to my post 7th Apr(1057), of course i didn't know about the 18/4 rns..It was in the future..

You are really coming across as rather thick...

[grannyboy] 09/5/2017 11:14

Yes some people are so thick it needs outlining...especially for YOU!!

[grannyboy] 09/5/2017 11:12

I'm not feeling weak or panicky..I just don't like being taken for a FOOL or deceived..I should have treated these like a AIM listed comp and sold at a few pence profit when they got to 13.5p...I won't be caught out again...

[sea7] 09/5/2017 11:12

grannyboy

YOU ALL need to re-read my post 1838...Then re-read my post 1057(which was dated the 7/4...


shouting again with those capitals I see. Demanding that people do what you want.

[sea7] 09/5/2017 11:09

grannyboy,

each to their own. If you are wary then I guess you will have either sold or be selling. Why hang around a stock that is causing you to feel so weak and panicky.

Reading your wild eyed rants and panicky shouting on this BB, clearly shows you are wide of the mark with your assessment. You didn't even know about the rns on the 18th april, so how can you even talk about this companys previous.

[grannyboy] 09/5/2017 11:09

YOU ALL need to re-read my post 1838...Then re-read my post 1057(which was dated the 7/4...

[grannyboy] 09/5/2017 11:06

SEA7 the capitals were from my post 1057, if you re-read it you would know..YOU come across as totally blinkered.

So far i've been nearer the button then you..and until there is a successful rns then going by this company's previous i'l be wary...

[sea7] 09/5/2017 10:59

Resorting to capitals is shouting, grannyboy. Shouting isn't going to make you right is it, or change the views of those on the ground doing the drilling.

There are no flow rates on 195 because the old borehole has been permanently plugged and the new sidetrack is being drilled.

Making up stories about further blockages granny isn't ideal is it.

They have completed the window in the casing and will begin drilling operations.

There are no blockages, as the whipstock operations were successful.

from the rns 18th april re sidetrack...

Team B was successful in removing several obstructions and fixing a previously observed casing displacement at the 2780-meter level in this older well which was first drilled in 1980. Milling and reaming operations were then continued to a depth of 3026 meters and in the open-hole section below. Unexpected difficulties were encountered in the open-hole section due to various amounts of metal debris which prevented the completion of workover operations aimed at installing a new casing screen. After extensive consultations with the local management team and industry experts, Zenith's engineering and geological team has decided to proceed with a sidetrack operation in order to reach an undisturbed section of the oil-bearing reservoir with greater oil producing potential.  A window will be cut in the 168 mm casing at approximately 2955-2960m depth and a 139.7mm bit will be used to drill a sidetrack hole to a depth of approximately 3020 meters while taking gyro-directional surveys to monitor the direction and inclination of the sidetrack hole. A 114.3mm casing will then be cemented in the new hole and a slimmer hole will be subsequently drilled to a total depth of approximately 3065 meters. This section of wellbore, from 3020 meters to total depth, will be left as open-hole.

The Company will provide a final update when operations at well M-195 have been completed.

[cashandcard] 09/5/2017 10:59

From the April update re. Team B;


"Team B was successful in removing several obstructions and fixing a previously observed casing displacement at the 2780-meter level in this older well which was first drilled in 1980. Milling and reaming operations were then continued to a depth of 3026 meters and in the open-hole section below. Unexpected difficulties were encountered in the open-hole section due to various amounts of metal debris which prevented the completion of workover operations aimed at installing a new casing screen. After extensive consultations with the local management team and industry experts, Zenith's engineering and geological team has decided to proceed with a sidetrack operation in order to reach an undisturbed section of the oil-bearing reservoir with greater oil producing potential. A window will be cut in the 168 mm casing at approximately 2955-2960m depth and a 139.7mm bit will be used to drill a sidetrack hole to a depth of approximately 3020 meters while taking gyro-directional surveys to monitor the direction and inclination of the sidetrack hole. A 114.3mm casing will then be cemented in the new hole and a slimmer hole will be subsequently drilled to a total depth of approximately 3065 meters. This section of wellbore, from 3020 meters to total depth, will be left as open-hole.

The Company will provide a final update when operations at well M-195 have been completed.

Dr. Dario Sodero, Senior Geologist and Director, commented:

"When re-entering older wells, it is often impossible to predict the exact conditions of the casing and what kinds of metal debris may be found at the bottom of the well, especially when dealing with 'Soviet era' drilling and completion techniques. It is unfortunate that the M-195 well could not be completed as per the initial work programme; operations conducted by Team B have however proved to be a good learning experience for Zenith in Azerbaijan. I expect that Team B will be very proficient in drilling the sidetracked hole with the valuable consultancy of international directional drilling experts. I am confident that the new uncontaminated section of reservoir rock will yield good results when placed on production. This would reward the Company's decision to begin the workover programme specifically at well M-195 which, whilst relatively more challenging than other wells, has excellent production upside potential."



Cash

[cottoner] 09/5/2017 10:53

As per RNS on April 18th wrt M-195

The Company will provide a final update when operations at well M-195 have been completed.

[grannyboy] 09/5/2017 10:50

Drip...Drip..Drip..until we get an update on the sidetrack...

[grannyboy] 09/5/2017 10:45

grannyboy 7 Apr'17 - 13:59 - 1057 of 1836


What absolute rubbish being spouted on here...

"Yes news soon once last pump is done imo"


WHAT ABOUT THE WORKOVER OF 195?...WHATS THE FLOW RATES?...

IS IT TRUE THAT THERE'S BEEN ANOTHER BLOCKAGE AND THEY'RE WAITING ON GETTING FURTHER TOOLS??...

WHY NO RNS IF THIS IS THE CASE...


=========================

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..

Some of you sycophants need to reajust your judgements...

[sea7] 09/5/2017 10:33

ravin,

True!!!!

[ravin146] 09/5/2017 10:29

I've said many times sea7...you are wasting your time. You are falling for the bait.As I said each board has a fool and a ...Ignore/filter.

[sea7] 09/5/2017 10:26

tks moormoney.

[moormoney] 09/5/2017 10:25

Very good comments sea7 though I fear you are wasting your time explaining to some on here.

[sea7] 09/5/2017 10:24

grannyboy,....really!!

So far we've not witnessed anything that instils confidence in the drilling teams

...............

They have successfully replaced pumps In some wells. They successfully cleared out m195 to 3069m before hitting a restriction that wouldn't move, which was not of their doing. They have executed the sidetrack operations successfully so far. They have successfully executed the work plan on m45, by removing all the tubing indicated and are fishing the rest out.

They are maintaining the field and keeping production steady at 276bopd. There is other on field work going on, such as replacement of tanks etc and upgrading facilities.

I would say they have been quite successful so far and perhaps you should give credit where it is due, instead or pouring scorn on everthing done so far.

[thelung] 09/5/2017 10:24

grannyboy 9 May '17 - 10:00 - 1830 of 1831 0 0
And why do some posters keep claiming that ZEN are looking for other assets

____________

DYOR....again!

[grannyboy] 09/5/2017 10:00

And why do some posters keep claiming that ZEN are looking for other assets, they would need funding, because its obvious they are having difficulties with getting the w/o's sorted, and oil flowing.

So far we've not witnessed anything that instils confidence in the drilling teams..