Zoltav Resources Share Discussion Threads

[paperclip3] 20/11/2018 16:02

All oil companies are getting beaten up today. Personally, I'd be happy for ZOL to fall a little further. I am now ready to buy some more

[croxonopolis] 23/10/2018 18:33

You are best out of most at the moment Bernie. Tomorrow will be another terrible day for oilers. Aaog is just a punt but one I'm happy to take. I'm out of most other stocks right now. Markets were too inflated

[bernieboy] 23/10/2018 15:33

Thnx Crox. Good luck to you too sir. I will watch it but don't have any cash. For me it's sit tight time.....

[croxonopolis] 23/10/2018 13:31

Yeah, a lot of money is coming off the table now. Been a terrible week for holders of oil stocks. Genel getting battered and enquest looks crazy cheap right now. But I won't be tempted in this market. More to come sadly.

Bernie, keep an eye on it mate. Do your research but simply...it's a drilling punt. I just don't see a huge downside at the moment. Maybe 20%/30% loss if no success on 3 and 4 target zones. R1/2 90 chance of finding what they suspect. Odds like this are hard to find in drills. Also both David and Jamie have big oil backgrounds. Their options are also at 20p. Sefton notes in yesterdays interview he is surprised that the share price is not back to pre drill levels (12p) now it's a new well and past the previous problem zone.

Glad to see Zol holding for everyone. It's doing well seems the markets are having a sell off.

Wish you all the best here

[bernieboy] 23/10/2018 13:06

Unfortunately I think most stocks are gonna get cheaper still. Pretty bearish on the markets as a whole now. Think it's gonna be batton down the hatches time soon.....

[bernieboy] 23/10/2018 13:05

Thnx for the explanation Crox. I had no idea what you were talking about. Lol. Paperclip madness isn't it? Still there are plenty of stocks that are starting to look cheap again now. Saw some poor sod sold some at13.1p today.....

[paperclip3] 23/10/2018 12:28

Market cap of ZOL now only £20 million!

[croxonopolis] 22/10/2018 21:25

Its me talking Bernie. Haha. Did'nt want to give the ticker to seem like Im talking up a stock Ive recently bought into. Its AAOG.

Look at time frame. 330 meters already cemented and cased. Spud first zone estimate before end of month. Watch interview from today. Have a feeling with this one. Wanted to share with the guys here (including yourself).

I don't post anywhere but Zol on Advfn platform.

Was murder out there today. Glad I don't hold any oil stocks now apart from the aforementioned.

Personally, Sefton has got winner written all over him

[bernieboy] 22/10/2018 13:40

Ok Crox so I assume that they are talking about Zol? Why wouldn't they give the epic code?

[croxonopolis] 20/10/2018 20:18

Guys, I'm sure you have all seen it Thursday and Friday but if not.

I'm not gonna give the ticker, But there is a small cap oiler drilling and spudding over the next 2 months. I jumped in when I saw cashandcard was in, as I remember him from the old gkp days (10p pre shaikan spud). Have a feeling about it. Some legs in it for sure. Keep an eye on it.

Wanted to share that's all, but I'm sure most of you are aware of it.

[bernieboy] 18/10/2018 12:28

Many wouldn't disagree skez....

[bernieboy] 15/10/2018 08:42

Thanks for the reply Noirua......

[noirua] 05/10/2018 22:16

Off topic - BernieBoy, LSH, That is one I don't have an answer to. In theory the 51% of the Zhongshan mall in Guangdong Province is worth £15 million or 4p a share. The Hotel and Holiday Complex in Huangshan, Anhui Province, has a loan agreement China style against it but probably valued at £4 million to LSH or 1p a share.
As I'm holding just over 6 million shares it is probably time to contact them again.

[bernieboy] 05/10/2018 14:45

Sorry for an off topic here but I have a question for Noirua. Has there been any progress on Leader Smart Holdings? Do you think we will ever get any cash from it? Thanks and as I said sorry for the off topic from Zol.....

[t 34] 05/10/2018 11:14

It is well know fact , it has been said for ages . And what ?????????????

[paperclip3] 05/10/2018 09:43

Noirua, your point about the small free float is a good one. The Russian holders won't be sellers, so any good news and demand for the share should overwhelm supply.

[noirua] 04/10/2018 16:35

Crude Oil Prices:

[noirua] 04/10/2018 11:55

With Brent oil now over $86 a barrel many investors will be looking around for oil and gas stocks who's share prices have been beaten down in the sector.

[paperclip3] 04/10/2018 08:23

Looks like the company will be quite busy for the next few months. It would be nice to think that shareholders will be updated as things happen. The following is from the half year report:

Bortovoy
The near-term work programme includes carrying out well stimulations on ten wells by the end of the year with the objective of generating an additional 6 mmcf/d (170 mcm/d) of gas. The Company has installed a new well-head compressor on the Karpenskoye field facility in order to help achieve greater pressure equilibrium and therefore to optimise gas production rates. The compressor is currently going through the startup and commissioning phase. The Company expects to begin to see the benefits from this near-term work programme before the end of this year.

In the medium-term, the work programme envisages drilling sidetracks on existing wells (two gas wells on the Zhdanovskoye field and one oil well on the Karpenskoye field); and connecting three Soviet wells (one re-entry and two sidetracks) to the Western Gas Plant via a new pipeline. If successful, the medium-term objective is to return the Western Gas Plant to full capacity.

Long-term plans are focused on proving and commercialising the potential of the deeper Devonian structures on West Bortovoy and the development of East Bortovoy.

Each programme comprises projects which are subject to the decision of the investment committee which takes into account a range of factors including but not limited to estimated production profiles, CAPEX evaluations and risk assessments. At present, three wells are approved for workover.

[t 34] 03/10/2018 09:10

Oil above $85 .

[noirua] 29/9/2018 12:09

-- New geotechnical team has reviewed 3D seismic programme and concluded that 341 sq km of data acquired to date over Mokrousovskoye block will be sufficient to allow for the positioning of a Devonian exploration well towards the end of Q1 2019

- Final interpretation of 3D seismic now expected to be completed in mid-Q1 2019
- Long-term objectives to prove and commercialise potential of the Devonian structures on West Bortovoy and to develop East Bortovoy

Lea Verny, Independent Non-executive Chairman, commented:

"I am pleased to report that Zoltav delivered a 4% increase in net profit for the first half of 2018 to RUB 72 million (USD 1.21 million). This performance was achieved as a result of our team's continued dedication to operational efficiency and in spite of the anticipated decline in production revenues from the Permian fields on West Bortovoy.

"A new geotechnical team, led by former Bashneft and TNK-BP technical executive Yuri Krasnevsky, was appointed in May 2018.
Their mandate is to execute an exploration programme targeting the deeper structures on West Bortovoy, to enhance output from existing and new well stock producing from the shallower Permian structures and, in the longer term, to devise a strategy to commercialise East Bortovoy.
We are delighted as we believe we have been able to attract one of the best geotechnical teams in the country to the project.

"We look forward to sharing over the coming months insights from the seismic interpretation programme as we prepare for a busy work programme in 2019."

This performance was achieved as a result of our team's dedication to operational efficiency and in spite of the anticipated decline in production revenues from the Permian fields in West Bortovoy.

Whilst gas production declined by 18%, and oil and condensate production declined by 12%, this was offset by higher commodity prices, resulting in revenues decreasing by 10% in the period to RUB 831 million (H1 2017: RUB 924 million). Operational efficiencies enabled the Company to restrict the negative impact on EBITDA to just 2% at RUB 411 million (H1 2017: RUB 420 million).

The Company anticipated the decline in production since the drilling programme in the Permian fields on West Bortovoy was suspended in 2017 pending the interpretation of 3D seismic data. However, gas production in H1 2018 declined at a slower rate than predicted, primarily because Zhdanovskoye Well 8, which was anticipated to be shut down over the summer due to water intrusion, remains in production.

We look forward to sharing over the coming months insights from the seismic interpretation programme as we prepare for a busy work programme in 2019.

[noirua] 29/9/2018 11:54

Brent crude finished at $82.72 a barrel. This in itself looks to show a rising trend with little or no chance of the oil embargo against Iran being lifted. With other Arab countries supporting the move and lapping up the higher prices this looks solidly in place for years to come.