Zenith Energy Share Discussion Threads

[someuwin] 27/10/2017 14:17

Cheap stock being bought up.

[gregpeck7] 27/10/2017 09:26

Could soon be getting 60 bucks a barrel as well! Should hedge some production

[grannyboy] 27/10/2017 08:36

"The chart look ready to make another attempt on 12p tomorrow"

Looks like its still thinking about it!! :)

[brasso3] 26/10/2017 19:38

The chart look ready to make another attempt on 12p tomorrow.

[gregpeck7] 26/10/2017 19:35

Oil heading for 60. These will be a money making machine.

[ravin146] 26/10/2017 18:16

Fatfish exactly my point lol...let's wait for another perforation update!

[fatfish] 26/10/2017 17:08

ravin146
26 Oct '17 - 16:49 - 1029 of 1030    0   0
Fatfish you critiqued the speed to things...sp or operations, you weren't to clear.

i'll give you that as there was a post inbetween the link :-)

[barnes4] 26/10/2017 16:52

Crow stop it!!

[ravin146] 26/10/2017 16:49

Fatfish you critiqued the speed to things...sp or operations, you weren't to clear.However on both parts, the comment was ridiculous to make. As the share price and operation progress has been very good recently.Not really needed, especially furling the moron traders.Each to their own wish you the best

[fatfish] 26/10/2017 16:36

ravin146
26 Oct '17 - 15:21 - 1025 of 1027    0   0
Fatfish are you happy now! Back to flat!

Massive spread...what's going on?!

What a strange person you are, I have always been happy. I commented on how slow they were working as per the video, which they were and all of a sudden you think I am angry and loosing money.
No more replies from me you may think all sorts of things.

[gregpeck7] 26/10/2017 16:00

Classic tree shake.. Every MM blue.. Looks like it wants to breakout again.

[brasso3] 26/10/2017 15:21

MMs were just playing on short term traders mentality. An explosive RNS could come at any time now.

[ravin146] 26/10/2017 15:21

Fatfish are you happy now! Back to flat!Massive spread...what's going on?!

[gregpeck7] 26/10/2017 14:44

4 MM's bidding for stock now.. Looks very strong.

[brasso3] 26/10/2017 14:14

Blue finish? :)

[zengas] 26/10/2017 12:19

Given the statements below, this should be leading to a future reserves increase imo

ie additional identified payzones

6/10/17
"Zenith's petroleum engineers have identified additional pay zones in well C-21 that present strong prospects for oil production once perforated and tested".

10/10/17
"is now flowing at an increased rate of 35 BOPD following the identification of an additional 7.8 metres of unexploited pay zones that have been perforated"

20/10/17
"Zardab is a young, *hugely unexploited* field with original high reservoir pressure"

[cashandcard] 26/10/2017 12:11

from Beaufort in Feb, posted by SI on lse

"Zardab opportunity

The Zardab Field is approximately 100km2 and the reservoir a porous sandstone at an average 3,000m depth. Zardab has only produced 10,000 barrels of oil from one well despite its potential to be a very significant and profitable field. Although 18 wells have been drilled there, of the five that produced, two were small, one is still producing 20 years later and two failed after a short time online due to sand plugging i.e. the vast majority of the oil reserves remain in the ground"



Cash

[thegreatgeraldo] 26/10/2017 12:06

Aerial extent only really comes into play if you're trying to pick up the Archers in the sticks

[cashandcard] 26/10/2017 12:03

tgg,


Aerial extent of closure can be a good indicator, when other parameters line up aswell.


Cash

[thegreatgeraldo] 26/10/2017 11:58

cashandcard
26 Oct '17 - 11:54 - 1017 of 1017 0 0
It is never all about aerial extent.

It's never about aerial extent!!! Ever.

[cashandcard] 26/10/2017 11:54

Regarding the Zardab field, if Beaufort Securities (newly appointed broker) are to be believed, 100km2 aerial extent, is indicative of a substantial resource base. Brent was about 65km2 and Gulfaks in the 50's km2.

One must point out, there are many other factors at play like payzone, TOC saturation, reservoir properties/characteristics. It is never all about aerial extent. However, a good pointer, people are yet to really appreciate the significance of this - someuwin that image from the recent Zardab gusher (Z21) speaks volumes.

It would be interesting to know some other reservoir specific parameters about Zardab.




Cash

[luckymouse] 26/10/2017 11:50

Tks for info guys

[someuwin] 26/10/2017 11:49

...And only £14m valuation!

[someuwin] 26/10/2017 11:48

"...we expect a successful workover of Z-21 to generate significant production."




Plus news soon on well Z-28. "This is the most significant workover that the Company has undertaken since Zenith began operations in Azerbaijan."...