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EXCLUSIVE: Malcy, Columbus & Reabold presentations - Video Webcast Here

EXCLUSIVE: Leo Koot, Exec Chairman, Columbus Energy speaks at London South East's Oil & Gas event
EXCLUSIVE: Stephen Williams, Reabold Resources speaks at London South East's Oil & Gas event


Zenith Energy Share Chat (ZEN)



Share Price: 3.80Bid: 3.60Ask: 4.00Change: 0.00 (0.00%)No Movement on Zenith Energy
Spread: 0.40Spread as %: 11.11%Open: 3.80High: 3.90Low: 3.90Yesterday’s Close: 3.80


Share Discussion for Zenith Energy


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SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.80
RE: A blue day
Thu 19:19
Yes, claude the sot and veritable bar fly.
 
Zebediah16
Posts: 1,051
Opinion:No Opinion
Price:3.80
A blue day
Thu 17:06
Like Jean Claude Drunker, this is SP has been lurching and swaying after that sizeable hit, but still on its feet . Great days ahead :lol:

Sorry just watched that video and couldn't resist ;-)
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
RE: m63
Thu 15:26
They said they were working over m63 in december last year, so this looks like a re-entry and different pump put in, as well as clean out.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
m63
Thu 15:22
wonder how that well clean out and pump removal, then novamet replacement at 2,500 m went. No updates since 20th JUn
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
2015
Thu 14:46
http://regionplus.az/en/articles/view/5674

In particular, all the details have almost been agreed with the Canadian Zenith company on developing the block of the onshore Muradxanli-Jafarli-Zardab oil and gas fields. "The contract is ready and permission has been obtained from the president of Azerbaijan. Now experts are drawing up the technical details of the contract. Muradkhanli is a complex oil field and there are big problems there. It is the third time that we have agreed on developing it," R. Abdullayev noted.

"We are impatiently waiting for investment in Azerbaijan, a dynamically developing country with extensive possibilities for foreign investors. We have conducted re-search, studied the country's laws, held a series of negotiations and have become convinced that working conditions, business and the infrastructure environment are favourable and attractive to investors. We hope that we can find a project here relating to returning old on-shore oil fields to production and to use their own technologies for finishing the development of them," Andrea Cattaneo, the president of Zenith Energy Ltd stated earlier.

At the end of the 1990s and the beginning of the 2000s RAMCO company were engaged in the deve-lopment of the oil field. But it was unable to meet the commitments took upon itself. In 2012, the Vietnamese Petrovietnam was interested in the block, but the issue was not finalised before the contract was signed. In this case, it is quite possible that Zenith Energy will offer SOCAR access to the Canadian assets in exchange for the Muradxanli contract.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
2000
Thu 14:29
http://lib.aliyev-heritage.org/print.php?lang=en&page=4597417

In reality, Mr. Remp said that \'\'Muradkhanli\'\' is a giant, slept oil deposit. This is the first oil deposit explored in the Absheron Peninsula, in the south and a little far from its territory. This oil deposit was explored in the 70th or in the second half of it.

I believe that, in reality, you will awake the slept giant and achieve good yields from this deposit. I support all your activity. Thank you.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
2001
Thu 14:25
https://www.bakupages.com/pubs/azernews/5282_en.php

OIL PRODUCTION ON MURADKHANLI RESUMES

15 wells have been put back into operation and are now yielding 40 tons of oil a day on the Muradkhanli field, which British Ramco returned inoperative to SOCAR. A source from the state oil company told AssA-Irada Saturday that five more wells will be commissioned soon, with daily oil production planned to reach 80 tons.

60 wells are still defunct after they were closed by Ramco in a bid to retain the ecological balance at the site.

According to SOCAR estimates, over $1 million is needed to revive the operational wells and to patch up the piping on the field.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
2006
Thu 14:20
SOCAR steps up extraction at Muradkhanli field
17 APRIL 2006 [14:31] - TODAY.AZ

http://www.today.az/news/business/25221.html

The oil extraction has increased on 72 tons at the onshore Muradkhanli field as a result of 13 technical operations implemented by the Azneft production association, SOCAR informs.

As Trend reports, 7. 500 tons of oil have been extracted at the field in the first quarter of 2006. The oil extraction amounts have increased on 32 tons as a result of geological operations.

The total extraction at the field reached 2.600 tons this month, being 23 tons more than previously.

There are 89 wells at the field. 60 of them are in exploitation; 29 are inactive

..................

we can see from this report, that the field has steadily declined, as we have far less wells running now. They have been paying it lip service over the last decade.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
nothing done since 2000
Thu 14:16
we know that very little has been done on the fields for nearly two decades, so going in on the cheap was never going to work..there was speculation that ramco had to many tech probs, however...

Ramco Energy was more successful, being involved
early in the giant Guneshli fi eld. Hess acquired
Ramco’s 2.08% interest in the fi eld for US$150 mm in
2000. Ramco did not manage to enhance production
at the Muradkhanli onshore oil fi eld and dropped the
licence in the early 2000s.

................

That $150m cash pile they acquired shortly before dropping the 50/50 deal on muradhkhanli was probably a much bigger deciding factor on their exit, than any tech issues.
Ezhik
Posts: 3,355
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 12:25
Dont forget that pressure doesnt necessarily equate to flow, but if we have a good surface pressure it is very good news. How quickly the pressure recovers after being let off is hugely important and is a more important factor affecting flow.
Last we heard was that pressure recovery times had improved between the times that pressure was let off and the next time, i.e, the quicker it became necessary to let off pressure, the better for us. At the moment, there is no news about whether they are still letting it off or just keeping it shut in and contained within the surface valve system and tubing. At a guess, there is no need, therefore the pressure has not exceeded what they consider to be safe?
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 12:19
The recent prospectus/cpr is giving 100bopd per each zardab well - so they are being cautious.

These wells did produce at 500bopd until they silted up, so we will see.
ajbennett
Posts: 5,880
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 12:14
Z21 could be considerably more than 200 bopd but that would be a great result from where we are now.
Lets hope the new guy knows his stuff.
ajbennett
Posts: 5,880
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 12:11
They used to give us regular pressure readings on Z21.
JSB1989
Posts: 412
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 12:05
Agree with AJ on this one. If Z-21 is completed it won't only be additional revenue but also show that we are able to complete a workover. My prediction with the extra shares in the market would be 8p-10p on completion of Z-21 @ 200 BOPD. If we hit big numbers then takeoff time!!
ajbennett
Posts: 5,880
Opinion:No Opinion
Price:3.90
RE: predictions
Thu 10:11
At one point I would have said 15p+ but AC has all but destroyed this company and certainly any trust in what it says in an RNS.
Big trust building exercise needed here and it certainly hasn't started yet, come clean.
orjones
Posts: 125
Opinion:No Opinion
Price:3.90
predictions
Thu 10:00
if we get z21 flowing or z28 where do people think this can go?
ajbennett
Posts: 5,880
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 22:43
Those who re watch that video need to think about how long ago that was and how long it will be until they can get back to it. RNS said 4 week work over.
Still waiting for the pump and production update as promised.
Resourcehunter
Posts: 1,209
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:52
Hi All, let’s just wait for the rig to turn up at Z-21 and do it’s business. I still think the well will deliver but you never quite know in this business, just have to be patient and hope for the best. Shares are being snapped up at this level and why not :-)))) .... anyhow not much to say until we see some sign of progress. We need to get this show back on the road. Good luck all whatever you do. I’m staying and will see this through. Please DYOR.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:31
On October 18, 2017, an unforeseen build-up in pressure caused a blowout after the failure of a flange on the wellhead. The Company's field personnel immediately sealed the well and replaced the broken flange.

The Company cannot forecast the potential post-workover oil production achievable from well Z-21 on the basis of the high pressure now recorded at this well, but the data strongly confirms that there is significant bottomhole pressure with large quantities of oil to be produced
Rickylfc5
Posts: 472
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:28
Blimey - underworld links - no wonder Ajb doesn’t want to go to presentations - he may find himself riding his moped in concrete slippers !!
orjones
Posts: 125
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:19
just been watching vid again..
orjones
Posts: 125
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:18
dont understand how z21 stopped flowing. look at the force of that rate, must be a f load of pressure for the wellhead to crack like that. they just need to get one of these wells flowing and we will all be afloat again
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:15
in my view, some of those older wells that haven't seen work on them for years, will have undergone a certain amount of natural recharging via the field plumbing. This would be oil from deeper down, pushed up, after well depletion years ago.

They will be able to revisit some of these.

From what I understand of this field geology, it is complex and that some are traps, probably isolated and others can be fed from much further down, yet pump at a high rate of bopd initially, then reduce to a slow amount for years.

They have an opportunity to hit pay dirt all over the place and it has been poorly managed so far. We have a string of issues and mess ups behind us, however, one decent hit and this share price will move much quicker than we expect.

I, like everyone else is under water - however, we know our next steps, we just need to be patient for the kit to turn up.
SEA7
Posts: 2,747
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:09
Or,

z21 first, then z28 was the plan.

We have seen z21 flow naturally, so we know the oil is there.
orjones
Posts: 125
Opinion:No Opinion
Price:3.80
RE: what someone thinks...
Wed 21:03
all seem to relate to same thing and see no evidence he was charged.. andre definitely a rich man to keep buying all these shares. also do you think they will go back first to z21 well or z28 SEA? they mentioned something about z4 or z3 can't remember exactly which produced thousands of barrels. really hope this dave fella will get us some oil, believe zen will get there in the end. could easily shoot to 10p if we struck oil. imagine z-21 flowing at the rate we saw in video




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