Zenith Energy Share Discussion Threads

[wrtmf] 31/7/2019 09:41

advertised bid hasn't budged from yest still at 2.7
just widened the spread
sneaky
2.7 v 2.8, yest
2.7 v 3.0, latest

[rpat2] 31/7/2019 09:31

Mule shoe is oiley ! New tweet pics

[jungmana] 31/7/2019 08:27

Will take a look. Knew had to be a good explanation

[sleveen] 31/7/2019 08:24

Suggest you investigate what those 2018 costs are.

[jungmana] 31/7/2019 08:17

"During the three months ended June 30, 2019, the Group incurred CAD$936k of Administrative Expenses compared to CAD$3,160k incurred in the 3 months ended June 30, 2018."That's a huge reduction in administrative expenses

[muddyfox0151] 31/7/2019 07:58

Going forward what your opinion on RNS ?

[muddyfox0151] 31/7/2019 07:50

Took a big gamble on bad news now good ! :)))

[andyalbiston71] 31/7/2019 07:49

A bit of good news at last

[muddyfox0151] 31/7/2019 07:44

Zenith is pleased to report that no equipment failures have been registered and that all equipment associated with the BD-260 drilling rig has functioned as planned.

[sea7] 31/7/2019 07:36

Well C-37 Operational Update

Zenith is pleased to confirm that C-37 well deepening operations began on July 26, 2019, as per the Company's announcement of July 18, 2019.

The Company can confirm that it has successfully retrieved well C-37's entire kill string amounting to approximately 1,000 meters of tubing.

The Company has subsequently begun the process of installing a new API standard 5,000 working pressure tubing spool complete with tubing hanger seat and a new wellhead. The Company has taken this decision in order to mitigate the risks of potential difficulties arising as a result of wellhead failures which had been encountered in previous operations.

A new BOP system, inclusive of an accumulator unit, choke manifold and remote controls will be subsequently connected as soon as the aforementioned installation is completed.

At the same time, the Company has initiated the preparation of drilling fluids in anticipation for the imminent beginning of drilling activities.

Zenith is pleased to report that no equipment failures have been registered and that all equipment associated with the BD-260 drilling rig has functioned as planned.

In addition, the Company can confirm that it has received all the necessary approvals from the local authorities for the beginning of drilling activities following a full rig inspection carried out on July 29, 2019.

[sea7] 31/7/2019 07:36

Well C-37 Operational Update

Zenith is pleased to confirm that C-37 well deepening operations began on July 26, 2019, as per the Company's announcement of July 18, 2019.

The Company can confirm that it has successfully retrieved well C-37's entire kill string amounting to approximately 1,000 meters of tubing.

The Company has subsequently begun the process of installing a new API standard 5,000 working pressure tubing spool complete with tubing hanger seat and a new wellhead. The Company has taken this decision in order to mitigate the risks of potential difficulties arising as a result of wellhead failures which had been encountered in previous operations.

A new BOP system, inclusive of an accumulator unit, choke manifold and remote controls will be subsequently connected as soon as the aforementioned installation is completed.

At the same time, the Company has initiated the preparation of drilling fluids in anticipation for the imminent beginning of drilling activities.

Zenith is pleased to report that no equipment failures have been registered and that all equipment associated with the BD-260 drilling rig has functioned as planned.

In addition, the Company can confirm that it has received all the necessary approvals from the local authorities for the beginning of drilling activities following a full rig inspection carried out on July 29, 2019.

[wrtmf] 30/7/2019 13:06

ok, i see.

[grannyboy] 30/7/2019 13:00

Well Scotty666 has taken the arcane step of blocking me on 'his' thread...so if I posts it has to be on this one.

[wrtmf] 30/7/2019 12:55

any chance of folks posting on just one bb, i don't mind which.
its not as if there are lots of moderated posts on one side/other etc...

[wrtmf] 30/7/2019 12:50

given the company's history on ops, i appreciate folks concerns and wanting confirmation via rns, here and lse.

[grannyboy] 30/7/2019 12:49

With this company's past history of delays and failed promises, there needed to be an RNS announcement on the day of commencement, and not having to rely on an rns given out a week earlier, and then sneakily announced the commencement on social media halfway through the morning.

[andy] 30/7/2019 12:19

wrtmf,


Twitter is not an official news channel, they should at the very least be putting them on the website, IMO.

They should RNS specifically what "operations" they commenced on the 26th July, a reference to the 18th July RNS would suffice, if it is the same of course!

[pretax2] 30/7/2019 11:04

I agree with above

[wrtmf] 30/7/2019 09:23

fwiw

18jul rns - 'commencement of well deepening operations in well C-37 is scheduled to begin on July 26, 2019'

24jul tweet - 'Aerial view of #ZEN #ZEE 1,200hp drilling rig ready for action at C-37'

26jul tweet - 'Beginning of operations at C-37 #ZEN #ZEE'

--
these 3 taken together cover them, imho:
this is what we are going to do
we are ready to do, what we said we are going to do
we have started, what we said we are going to do

[andy] 30/7/2019 08:51

Neo,



"and they hav told u on twitter they have commenced drillin operations on 26th."

-------


They should be issuing an RNS, not posting on Twitter.

Twitter is not an official channel for company news reports, and the commencement of drilling merits an RNS, IMO.

[pjml] 30/7/2019 08:39

Why would they spend so much money on a rig to do nothing shares are a marathon not a sprint All will b good in the end patience

[fatfish] 30/7/2019 07:18

Yes they do say they have commenced but do you see the drill bit in the ground, no, just some very clean overalled guys posing for a photo. Would have been better to be actually drilling don't you think.

By the way I have been invested in Zen since 31/3/17 and despite topping up from the 12 p to 2.62 price I am considerably under water.

[neo26] 29/7/2019 20:38

They already told you they will commence on 26th july and they hav told u on twitter they have commenced drillin operations on 26th.What more do you want. :rolleyes.

[fatfish] 29/7/2019 16:37

24TH July Rig ready for action

26th July Beginning of operations

29th July No RNS are they having a larf or what

[fatfish] 29/7/2019 16:36

24TH July Rig ready for action

26th July Beginning of operations

29th July No RNS are they having a larf or what