Zenith Energy Share Discussion Threads

[ravin146] 23/2/2018 18:37

Surprisingly holding well so far with good buying...news on the way lol

[aggieuk] 22/2/2018 16:18

Anyone told AC that buying shares no longer works, if he wants to increase the share price he needs to complete some workovers....

[andy] 22/2/2018 09:51

bionic,

Well not exactly a precipitous fall following the placing, and DS onboard as joint brokers, a reward for helping in the placing no doubt.

[grannyboy] 22/2/2018 08:54

You could say having a ceo with skin in the game is an advantage..that or seriously deluded, and taking the shareholders along with him!!

[muddy_40] 22/2/2018 08:09

Ravin,

It is not alarming, you are making it sound sensational, from last qtr the pumps have increased bopd by 100, pumps are working and said so in the RNS, more pumps and we get another 100 bopd.

They moved deadline out to give them leeway, they will over deliver now.

It depends on Z well flow rates. and Z21 looks good by that video, if you have ever seen fluid flowing into a tank, that was flowing at 1000bbls per day easy.

[ravin146] 21/2/2018 23:10

My opinion says it's alarming. Have you noticed they never update the market on the wells once they've given the initial bopd...how effective are those esp installation? Why doesn't AC just put his balls on the line and stake a large stake in this, rather than adding when the so falls

[nametrade] 21/2/2018 22:53

ravin, where does it say that the decline rates are alarming...it states greater than expected.. There is still 350bopd... it also says that they have had other problems with wellbores over and above all the other issues. I believe that they will overcome the issues given time. Something that is not in abundance in the stock market.
I would not say its over.
Although saying that I have also reduced my position accordingly.

[ravin146] 21/2/2018 21:54

Muddy, it's over.Even if the wells come in at 100...the decline rates are alarming...with more funding required now imo...it will need fantastic results now.A few in the drawer for me, happy to cash them at 9-10p. Though at present it looks tough.Why are other directors not buying?

[muddy_40] 21/2/2018 09:57

I agree AC should be telling us the bad news also, then there would be more trust, I am not happy with delays like the rest, but at least they are not a duster.. just another delay, one day we will get a bit of luck..

[grannyboy] 21/2/2018 09:52

They've been having continuous setbacks for over a year now, its just that cattaneo has been reluctant to keep the market updated..

As to MP putting out the last RNs..it's being no different to the ones he previously commented on..one minute he's confident, then the next they find another excuse not to be..

[muddy_40] 21/2/2018 09:15

GB,

I don't agree, we have just had a set back, it was the COO who put out the RNS, and I reckon he is being more realistic, we just need to get the Zardab wells flowing, we have a good experienced COO working on the ground, I wish we could have been further ahead, but hey ho it is the oilfield. I see delays all the time and these are old wells.

I don't think it had to be dragged out, they got to point in ops and have to reevaluate, realised it needs a lot more work and updated as such.

One thing about AC he has skin in the game so I think he is aligned with us, maybe some of his bullishness was wrong but what CEO isn't...

[grannyboy] 21/2/2018 09:00

A lot of cattaneo fans thinks the latest operational update was a cleansing exercise by cattaneo, and everything is now Rosie in the zen garden of broken dreams...

Cattaneo has shown in the past, he has a total disregard for small shareholders, and the latest update felt as if it had to be dragged out of him..don't expect much to change in the future!!.

[ravin146] 20/2/2018 13:58

Good luck with that...I assume your in at the 10p+If 8p is b/e is it not better to cash in at loss

[tyranosaurus] 20/2/2018 12:10

I`ve had a belly full of ZEN.
Looking to get out if and when the price hits 8 (if it ever does).

[uen_investor2] 20/2/2018 08:34

Dont miss UEN, no more than 5,000 shares avaliable online.. They are already asking the full amount again to be filled

At 13m quid its hard to see a downside.

3 - 4 million shares available to the market. This on its own means there is very little available for large chunks. No warrants, no dilution

This will keep rising,

Here is why.

This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own
UEN oil sold at a PREMIUM to brent


Worth reading this over and over again..

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117

Urals remains one of the highest ranked E&P companies (4th) on the AIM market by 2P Reserves
Russian 2P Reserves volumes dominate the AIM E&P sector and continue to trade at a significant discount
to the market average
Urals generates more operating cash flow per barrel produced than its AIM listed peers
Urals 2P Reserves trade at a discount to the market and its regional Russian and FSU peer groups
Urals have continued to outperform its Russian peer group during 2017

[scotty666] 20/2/2018 08:04

ravin #1802 I own them due to the >50% discount to NAV plus they are normally investing in pre IPO opportunities <50% of IPO value, granted they are small in scale at the moment pending several upcoming IPO. Where I get the same opportunity to "do that myself" I take it and load up eg. I3E around 30p late last year.
Best Regards

[ravin146] 19/2/2018 19:44

Best comments today...For me the biggest red herring when it was announced that they wanted to buy a new asset in Asia...they can just about make the tea let alone do more workovers in another unknown country using local workers than realising the western more experienced crew are better and cheaper in the short term in delivering results.Buying another asset is ACs approach to reaching this target. The financial knowledge is so poor, he doesn't even realise that buying himself shares now, whilst knowing more dilutive funding is on it way is bonkers. Anyone noticed , the other directors buying?!I'm out, but thankfully still in profit after previous good trades here, but kept a few for drawer...just in case!

[ravin146] 19/2/2018 19:36

Who on earth allows you to spreadbet basic listed main stock?!

[ravin146] 19/2/2018 19:34

Learned my lesson, never touch Russian firm!

[ravin146] 19/2/2018 19:33

Scotty you own GUN, which has been boasting about a oyster IPO for as much time as zen. And I understand you are a big holder on there with Holding updates in your own name.Why pay a investment vehicle when you can do it yourself?!

[uen_investor2] 19/2/2018 15:20

13m - 2200 bopd - and own their own refinery.. Invest somewhere better chaps.

Dont miss UEN, no more than 5,000 shares avaliable online.. They are already asking the full amount again to be filled

At 13m quid its hard to see a downside.

3 - 4 million shares available to the market. This on its own means there is very little available for large chunks. No warrants, no dilution

This will keep rising,

Here is why.

This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own
UEN oil sold at a PREMIUM to brent


Worth reading this over and over again..

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117

Urals remains one of the highest ranked E&P companies (4th) on the AIM market by 2P Reserves
Russian 2P Reserves volumes dominate the AIM E&P sector and continue to trade at a significant discount
to the market average
Urals generates more operating cash flow per barrel produced than its AIM listed peers
Urals 2P Reserves trade at a discount to the market and its regional Russian and FSU peer groups
Urals have continued to outperform its Russian peer group during 2017