Zoltav Resources Share Discussion Threads

[bernieboy] 17/8/2017 14:27

Agreed paperclip. 13.5p. Must be forced to sell or just thrown the towel in. But to be fair with so little info coming from the company there is little to drive the share price until results time.....

[paperclip3] 17/8/2017 14:25

The price is now 10% of the fair value target put on it by share price Angel. Seems bizarre

[paperclip3] 17/8/2017 14:23

I guess what surprises me is that someone would actually sell at current levels.

[shambaby] 17/8/2017 14:09

Keep averaging down and wait for news

[bsg] 17/8/2017 13:51

You can buy at mid, never a good sign.

[bernieboy] 17/8/2017 13:42

Ridiculous.

[bsg] 17/8/2017 13:22

Getting bloody desperate now 12-17p.

[timw3] 15/8/2017 21:24

Heads Up on MATD

MATD HUGE news today, Fallen from 32p when Bergen deal was announced and now NO MORE DILUTION till Mid Oct.. .MASSIVE upside with 2 Billion barrel prize Drilling next month!

Back to 30p levels soon.

[swizz] 15/8/2017 20:07

BB, missed it today, albeit I did sense check on a few occasions during the day and 15p was pretty much consistent all day, absolutely baffling!, ...GL S

[bernieboy] 15/8/2017 08:30

Another 8k for you there swizz?

[bernieboy] 14/8/2017 22:29

Thanks swizz. Get in quick then sir! We might even get a blue day tomorrow!

[swizz] 14/8/2017 18:39

Guys, the 50k was indeed a buy, (not me though) but will be looking to add tomorrow if 15p is still on offer,.....GL S

Via LSE...

rgbuk

Risk but worth it in my view.

Today 16:18

Well bought another 50000 at the crazy price of 15.05p today to add to my holding. I figure with the profits they're making and their assets it's got to be a risk worth taking.

[bernieboy] 14/8/2017 14:37

Hi paperclip. Thanks for the info. I don't check out NEX. I did wonder if it could be a buy as it was over 15. Thanks for clarifying.....

[paperclip3] 14/8/2017 14:08

Actually BernieBoy, the mark down this morning looks to have been on the back of a sale of 23,077 shares @13p at 11:37 am on NEX (not AIM). It looks to me like the 50,000 @ just over 15p at 13:00 on AIM was a buy

[bernieboy] 14/8/2017 13:23

There's the sell! Interestingly they paid higher than the recent sells infact.....

[bernieboy] 14/8/2017 11:48

Yeah it's mind boggling tbh. Need the Chinese to come sniffing around with an initial bid of current share price multiples to start a rerate. Another drop in the share price with no sells recorded.....boring!

[paperclip3] 14/8/2017 10:42

I agree with you about the share price BernieBoy. The interims will be out next month , and should look good. I imagine we will get a research note soon after that. Zoltav has got to be one of the cheapest companies around!

[bernieboy] 14/8/2017 08:50

Thanks again swizz. Certainly seems that interest is picking up in the area one way or another. share price still amazes me......

[swizz] 12/8/2017 12:49

An interesting development aimed at boosting production at Samotlor amongst others, Zoltav certainly appear to be very close to where a lot of Siberian oil industry activity is underway,....GL S

"The Koltogor licence sits in one of Russia's most prolific oil producing regions and is close to a number of major producing fields, including Samotlor, Russia's largest"


Moscow mulls tax breaks for fields with high water cut Thursday, Aug 03, 2017


The Russian Energy Ministry intends to submit a bill to the government proposing to cut mineral extraction tax (MET) by 50% at oilfields that contain a lot of water.

Deputy Minister Alexei Teksler was quoted as saying by Russian business daily Kommersant that the draft law would apply to fields in the Khanty-Mansiysk region containing more than 110-115 million tonnes (806 million barrels) of oil, as well as deposits in Yamal-Nenets with more than 90 million tonnes (660 million barrels). They will also need to have a water cut of over 85% and a depletion rate of 50-80%, Teksler noted.

These requirements narrow down the deposits eligible for the tax break to Samotlor (owned by Rosneft), Fyodorovskoye (Surgutneftegaz), Sutorminskoye (Gazprom Neft) Tevlinsko-Russkinskoye (LUKOIL) and Vatinskoye (Slavneft).

The bill is likely to meet resistance from the Russian Finance Ministry.
“This is in fact destructive for the whole taxation system,” a spokesperson for the ministry told Kommersant.

According to the representative, even the oldest of Russia’s brownfields enjoy a MET discount of no more than 25%, while deposits with a high water cut are given a break of just 15-17%.

The spokesperson stressed that a 50% cut was economically unsound, claiming that the federal budget could lose out on 130 billion rubles (US$2.17 billion) per year in tax revenues if the bill were passed. A larger break at Samotlor alone would cost the Russian treasury some 70 billion rubles (US$1.17 billion), the representative warned.

According to Teksler, the Finance Ministry raised its estimate for lost tax receipts at Samotlor to 83.5 billion rubles (US$1.39 billion) at recent government meetings. “We think that these estimates are too high, as the Finance Ministry calculates production figures for the field on the basis of five-year-oil technological plans,” he said. “These plans have already been de-facto revised owing to changes in macroeconomic parameters and geology.”

Tekskler claimed that output growth at the five fields within three years of the lower MET rate being applied would more than offset the short-term loss of tax revenues.

Moscow has been steadily expanding its use of tax breaks in a bid to maintain production levels at mature and technologically challenging fields. Around 197.6 million tonnes (3.96 million bpd) of oil produced in Russia last year received discounted tax rates, equal to around 40% of national output. This was 7.5 times more than the volume eligible in 2007.

The Samotlor oilfield contains 25 billion barrels of oil, making it the largest of the deposits that could secure a lower MET rate under the new bill. Launched in 1969, the field ramped up production to 3 million bpd in the 1980s, although by 1996, output had slumped to just 300,000 bpd.

The deposit was later acquired by TNK-BP, a joint venture between BP and a group of private Russian investors. Using enhanced oil recovery (EOR) measures, TNK-BP was able to lift Samotlor’s production rate to 600,000 bpd in 2009. Rosneft gained the field in 2013 through its US$55 billion takeover of TNK-BP. Output fell 4.7% in 2015 to around 425,000 bpd, according to Rosneft, and slumped by a further 4.1% in the first nine months of last year.

This NewsBase commentary is from our FSU OGM publication. To sign up for your free trial, click this link: hxxp://newsbase.com/publications/fsuogm-former-soviet-union-oil-gas

[swizz] 11/8/2017 16:59

BB, no worries, The developing energy alliance with Russia and China is certainly adding an interesting dynamic to the region and I am sure this will not be lost on the Zoltav team, as their connections in country have some gravitas, it's just a pity the market is so subdued, fwiw, I just have a hunch that the recent line of stock that has been moved around, will be just over 30 days in duration before we see the interims update,...GL S

[bernieboy] 11/8/2017 14:26

Brilliant again. Thanks swizz.....

[swizz] 10/8/2017 20:32

The momentum keeps building, ....GL S

Moscow touts potential of eastern regions Thursday, Aug 10, 2017

Russia’s Far Eastern regions are set to become a hotbed of upstream and downstream activity over the coming decades as new megaprojects come on line, according to a report from the Russian Energy Ministry.

At a meeting with President Vladimir Putin at the Kremlin on August 4, Energy Minister Alexander Novak said that the oil and gas sector in Eastern Siberia and the Russian Far East was in “a phase of active growth.” As new projects come on stream, total crude production will move closer to the target of 118 million tpy (2.37 million bpd) by 2035.

The plan is part of Russia’s national energy strategy over the next 18 years, which calls for a 70% hike in the regions’ crude output from the 69 million tonnes (1.4 million bpd) that was lifted in 2016.

“Over the last five years, gas production in the region has increased by almost 10% and amounted to 32.8 bcm in 2016,” Novak added. “The energy strategy envisages an increase in gas production across the Far Eastern district by 2035 of 2.5 times – up to 80 bcm per year,” he continued. Novak said that the region’s key gas-production centres for the next two decades would be Sakhalin Island and Yakutia to the north.

Downstream, annual oil refining capacity in Russia’s Far East is also expected to rise by over threefold to around 39 million tonnes (783,000 bpd) by 2035. Around 31 million tonnes (623,000 bpd) of annual throughput will come from the Far East Petrochemical Co. (FEPCO) facility being planned by national oil champion Rosneft alongside junior Chinese partner ChemChina. Financing and supply issues have dogged the project, however, the first phase of which is scheduled for completion in 2020.

New projects
Expansion of existing pipeline infrastructure is also under way to direct the majority of crude to buyers in the Asia-Pacific region. By the end of this year, Russia plans to double capacity along the China-bound Skovorodino-Mohe spur of the East Siberia-Pacific Ocean pipeline (ESPO) to 30 million tonnes (600,000 bpd).

The feedstock needed to fill pipelines and supply new refining complexes will come from a raft of new upstream schemes currently under development. In 2017, Rosneft expects to commission the Tagulskoye oil field, which is situated in the Vankor cluster in the Krasnoyarsk Krai. The site is estimated to hold ABC1+C2 reserves of 286 million tonnes (2.1 billion barrels) in oil and 228 bcm of gas. It is slated to reach an output of 4 million tpy (80,000 bpd) next year, according to Rosneft.

Next year, Slavneft, a joint venture between Rosneft and state-owned rival Gazprom Neft, intends to launch full-scale production at the Kuyumbinskoye field, also in Krasnoyarsk. The play is slated to hold C1 and C2 oil reserves of 282 million tonnes (2.0 billion barrels). First flows were reported at the site in March this year, following the commissioning of a pipeline between the field and the ESPO system.

In 2019, Rosneft is also due to start commercial production at the nearby Yurubcheno-Tokhomskoye field, which harbours recoverable oil reserves amounting to 237 million tonnes (1.7 billion tonnes). The deposit is scheduled to yield 15,000 bpd of trial production this year, but output will eventually reach a plateau of 100,000 bpd.

Meanwhile, state gas giant Gazprom is contracted to supply 38 bcm per year to China via the Power of Siberia line under a 30-year agreement with China National Petroleum Corp. (CNPC). The first supplies will be delivered in December next year and will be sourced from the Chayandinskoye and Kovyktinskoye gas condensate fields in Eastern Siberia, which will see first commercial gas in 2019 and 2024 respectively.

This NewsBase commentary is from our FSU OGM publication. To sign up for your free trial, click this link: hxxp://newsbase.com/publications/fsuogm-former-soviet-union-oil-gas

[paperclip3] 07/8/2017 08:53

Yes a good post Swizz. With regard to value, I imagine we will have something comprehensive from share price Angel soon rationalising a valuation way above that which currently obtains.

[bernieboy] 07/8/2017 08:33

Thanks swizz another gr8 post.....