Zenith Energy Share Discussion Threads

[grannyboy] 25/7/2019 22:26

Hahahaha...

"It was drilled around 10 years ago, it was producing 5bopd in dec"

LOL!!!...Yes I was wrong on the production figure...I said 6bopd, it would have looked better to accept my number..

And if you do a bit of digging you will find its not the only well that was found to have an obstruction....But the biggest obstruction to success here is cattaneo...

As to it was ten years ago when c37 was drilled, at that time they would have still had the Soviet mentality... They havn't advanced much to this day, The company's drilling team, team A used to be Yak herders. ...lol.

[neo26] 25/7/2019 16:08

GrannyIf heron has 75% chance of success then zens c37 has 100% chance of success as its already producing.?

[muddyfox0151] 25/7/2019 11:47

Fannyboy The oil guru , proved wrong yet again ....

[neo26] 25/7/2019 11:05

C37 is not soviet well, get your facts right.It was drilled around 10 years ago, it was producing 5bopd in dec when they were workin on it they discovered an obstruction which has been cleared, they going deeper and the production will likely increase.You using the same reasoning for matd for heron prospect.Zen hav there own rig now which cost around 3m inc parts.We will get c37 results before herons thats for sure..

[grannyboy] 25/7/2019 10:56

So c22 produced 700bopd, yes and another well produced in the thousands and then fell away, in Soviet times.... the last number of bbls been produced out of c37 was only around 6, and that's being generous.

C37/22 are old Soviet wells...

It's all down to confidence in the management...the onus is on the BOD of zen to prove to the market they are capable of getting oil produced...

[neo26] 25/7/2019 10:41

GrannyYou know how stupid you sound, c37 is only 200meters away from c22 which produced 700bopd.Yet you using the same reasoning for matd with regards to heron.You know quite well zen changed direction they stopped working on the old soviet wells and re analysed the seismic. They believe a new structure is present in the upper cretaceous which is producing in other parts of Azerbaijan. I will take punt at zen in these levels than matd.

[neo26] 25/7/2019 10:35

So was i when i purchased just over 2p awhile ago.Dont need to hear your nonsense, tell me again how big the heron prospect is? How will they transport oil again?

[neo26] 25/7/2019 10:33

PoolerMatd are drilling in a structure which has produced on a competitors block. Blockxx has never produced oil, still risky. Btw those 3 targets in block hav low estimate resources.Zen hav never drilled before but we know for certain oil is flowing in their field you cant say the same of matd.I think you are a buffoon if you think matd is more low risk than zen.

[pooler1] 25/7/2019 10:31

By the way I am already up by 100% in matd, hope to do the same here.

[grannyboy] 25/7/2019 10:26

Production from the wells have been declining, that's why they are now producing less than 250bblsd, the market has been pricing zen's share price on continuous failure by management to up production.....Yes of course there is oil there but the company has failed at every attempt.

MATD first drill, Heron has a 75+% chance of success, it's really an appraisal well, just less then a klm away from producing wells...

[neo26] 25/7/2019 10:24

What people dont understand is zen are at rock bottom they are at these levels due to delays and delays. Any hint of positive news it will multibag thats for sure.Even if they dont increase production from c37 how much will it fall by, 2m-3m in mkt cap?Downside is limited due to low mkt cap of 9m, high proven reserves and already producing 260bopd.Dyor

[pooler1] 25/7/2019 10:22

Oh dear neo, sounds like you are in too deep here.
Of course matd need to have a successful drill but have paid for their next 3 drills.
They are drilling in an area which has already been proved to be oil bearing so success rate is high. Their team know how to drill an hole.........
Proven resource is good but zen are not producing much, loss making in fact.
If zen are successful then great we all make money but no doubt in my mind a higher risk. Just look at past history, there is the reason why its only 3p.
I'm looking at both companies realistically not sure if you are but good luck, hope it works out.

[neo26] 25/7/2019 10:05

No you explain, how much proven reserves do matd?Zen actually producing from this field and the current well they drilling.Yes the blockxx is near a producing field and targeting same structure but c37 is around 300m away from c22 will flowed 700bopd from middle eocene.Matd hav mkt cap of 50m and doesnt even produce a drop of oil.Zen has mkt cap 9m and proven reserves of 31mmbls, they also produce 260bopd.Go and spout your nonsense elsewhere...

[pooler1] 25/7/2019 09:52

neo, please explain whats funny?

[neo26] 25/7/2019 09:42

Pooler that was a funny statement with regards to matd.Rofl

[muddyfox0151] 25/7/2019 08:38

I woke up a few week ago , after watching A C interview, was impressed, never done much research! 100,000 shares later .. can understand the frustration here . No problem for me so far . Is what it is .....

[pooler1] 25/7/2019 08:22

Muddy,matd are a safer bet then zen. Its a big risk/reward bet here but if it does fail then expect to lose most of your investment.

[grannyboy] 25/7/2019 08:16

pooler1, I was under the impression that an experienced team supplied by the rig supplier for 6 months was doing the drilling?

[muddyfox0151] 25/7/2019 08:14

Sold 6.1 Matd . Still a good bet , no funds ?

[pooler1] 25/7/2019 08:09

Granny, know what you mean. I'm in matd as well.
I would be happier with zen if they paid extra money for a more experienced drill team after all they are the ones who will make or break this company on this drill.

[grannyboy] 25/7/2019 08:01

pooler yes you are correct.

I'm in MATD who are drilling in Mongolia, must have got confused with them.

[muddyfox0151] 25/7/2019 07:58

Really ! It's you that's getting mentally confused!

[pooler1] 25/7/2019 07:52

Granny, I agree with you that they should have started the drill by now. Biggest weakness is the experience of the drill team and time will tell with that.
Time difference to uk is about 3 hours not 8.

[grannyboy] 25/7/2019 07:35

Muddyfox get a grip of yourself you are coming across as rather neurotic ......

Even though the well site, rig, and personnel? are all ready to go, they still delay the spud.

Let's not forget, Azerbijan is about 8 hours in front of uk.

[wrtmf] 25/7/2019 06:06

given the general vibe around this company, here and lse, assuming spud today/tomorrow, then oil shows at the shallower target within a week, esp as company have emphasised 'slow go'