Zenith Energy Share Discussion Threads

[davidspringbank] 16/11/2017 11:54

I've bought more and have nearly doubled my holding. I hear the Saudi problem with Iran is likely to boost oil prices to $80 Bbl.

[cashandcard] 16/11/2017 10:18

Flagon,


Thankyou. Knew I messed up my reading of the RNS.


That's not good. We have not made any significant inroads since the previous quarter. Production actually not going anywhere. The next quarter will be crucial.

Will have to email AC at some point.


Cash

[flagon] 16/11/2017 10:10

In addition, P 11 of the MD&A -

"Total oil sales, transfers of produced volumes to the Termap Oil Storage,
and oil held in inventory at the end of the period correspond to an average daily production rate for the three and six months ended September 30, 2017 of 251 and 262 BOPD."

[cashandcard] 16/11/2017 09:54

Edit: Ignore post



Cash

[flagon] 16/11/2017 09:26

Page 11 of the MD&A (Management Discussion & Analysis) posted on sedar.com -

"It should be noted that production from a number of producing wells was interrupted to enable well interventions to be performed as part of the Company’s Azerbaijan
field rehabilitation programme."

[pete1973g] 16/11/2017 09:10

Isn't that 47953 for the last qtr giving 532 bopd?

[albo] 16/11/2017 08:38

Looks like average production figures are not as we were led to believe. Weren't we told circa 300 barrels per day? Plus the incremental production increases!

3 months production of 23,095 / 90 days is only 257 barrels per day.
6 months production of 47,954 / 180 days is only 266 barrels per day.

You could even say that production is decreasing!!!

They need really good results from Zardab.

[someuwin] 16/11/2017 07:43

Zenith Chief Executive Officer, Andrea Cattaneo, commented:

"These Q2 results confirm the transformational impact of Zenith's Azerbaijan acquisition on the Company's financial position.

I look forward to announcing increased production revenue in the next set of quarterly results as we achieve further growth in our daily production of oil."

[thetoonarmy2] 16/11/2017 01:30

A Bit more patience boys this from the last Operational update.

I am pleased with the rapid progress achieved at Z-28. This is a challenging workover and we have been able to overcome all the problems that we have encountered. The next few weeks will be slow and difficult, but we are confident that we can get the job done successfully. We have assembled one of the most talented operational teams in the region."

[highly geared] 15/11/2017 17:28

Cheers Muddy

[muddy_40] 15/11/2017 16:53

HG,

I think we could see 30p in that time, especially if the Zardab wells come in at 300 to 400 bopd. We could be producing 1000 to 1500 bopd in that time with lifting costs at $10 a bbl. This is not a one trick pony, it has P2 of 32million bbls, read back the last few RNS's and that will tell you what they have ongoing until end of March. AIMO

Of course you need to DYOR.

[highly geared] 15/11/2017 16:42

Not looked at Zen; what’s the 6 month potential view?
Many thanks in advance.

[ravin146] 15/11/2017 16:32

12-10.88p in a few days on low levels?!They are having a laugh or filling a large order!

[ravin146] 14/11/2017 22:22

Yep....I'm expecting news very shortly, ESP should be delivered and currently being installed.Gla, exciting times!

[davidspringbank] 14/11/2017 18:33

The surface pressure plus the fluid column below it should equal bottom hole pressure.

[ravin146] 14/11/2017 16:47

"The Company cannot forecast the potential post-workover oil production achievable from well Z-21 on the basis of the high pressure now recorded at this well, but the data strongly confirms that there is significant bottomhole pressure with large quantities of oil to be produced. "It should be huge, company said themselves.250+ imo

[brasso3] 14/11/2017 16:40

A few weeks ago we debating the flow rates based on the Twitter video.

MYN did something similar this past week. The CEO posted a Twitter video of a well that was dribbling oil. The RNS today confirmed that the well was flowing at 43 BOPD. In context it backs up that our well should kick out 300 - 500 BOPD.

[someuwin] 10/11/2017 08:23

News must be very close now.

[ravin146] 09/11/2017 15:03

Couldn't resist added again!

[ravin146] 09/11/2017 09:49

Hopefully all the ESPs have now been delivered.Well 195 still needs to be sorted out

[ravin146] 09/11/2017 09:43

I.e paid by shares

[ravin146] 09/11/2017 09:38

If it's paid research by the company I'd prefer not to read it

[someuwin] 09/11/2017 07:18

Align Research‏ @AlignResearch · 9 minutes ago

New update note release on Zenith Energy this morning - … #ZEN Near term price target of 22.28p. #oil

[sleveen] 08/11/2017 17:43

2nd quarter results due any time, perhaps next week.