Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Alastair Smith, Avacta Group CEO gives an Operational Update


Zenith Energy Share Chat (ZEN)



Share Price: 3.40Bid: 3.30Ask: 3.50Change: 0.00 (0.00%)No Movement on Zenith Energy
Spread: 0.20Spread as %: 6.06%Open: 3.40High: 3.40Low: 3.30Yesterday’s Close: 3.40


Share Discussion for Zenith Energy


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

ShareInvestment
Posts: 3,158
Opinion:Strong Buy
Price:3.40
SEA
Today 17:24
One of the 300,000 buys was mine. I remain of the idea that this is the time to top up as we are only a few weeks away, as per last RNS, of the leased drilling rig being operational, followed by our own BD-260, alongside the team on the ground being strengthened. I don’t care about the exact dates, as no one can really determine them in oil companies, it’s the bigger picture that matters and it’s getting better shortly.
 
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
RE: trades
Today 16:35
yesterday someone sold 400k shares which showed just after the bell, today another 350k shares sold, showing just after the bell.

Looks like a larger seller, which at present is being mopped up.
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
trades
Today 14:50
2 x 300k share trades through today, both buys - hopefully someone other than Andrea.
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
RE: while we wait for the rig - recap.
Mon 20:02
yes - it is a pity that we are assuming things and not being able to place some degree of confidence in timelines
Mudstud
Posts: 417
Opinion:No Opinion
Price:3.40
RE: while we wait for the rig - recap.
Mon 16:47
Sea7

Good point latest RNS mentions the new operational management team, so you have got to assume that means Dave. It is just a pity we have to assume..
ajbennett
Posts: 6,181
Opinion:No Opinion
Price:3.40
RE: anglo azerbaijani society
Mon 16:37
Well it's not like he's got anything better to do, it's probably down to his outstanding achievements.
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
anglo azerbaijani society
Mon 16:31
I see that Andrea was elected as a non exec director of this society in march 2018..

http://www.anglo-azerbaijani-society.com/

Non-Executive Directors:

Andrea Cattaneo
Zaur Jabrail
Elizabeth Jones
Rauf Khalilov
Darryl Pawsey
Rodrigo Rendon
David Skeels
Reshad Vahabzada
Mudstud
Posts: 417
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 15:56
Cyber,

Exactly they need to manage the news better, I also expect delays in the oil field as it is part and parcel of the game, but give us some better guidance, as when the rig is now expected to be on site, not just saying we will update the market when rig is rigged up. For all we know the rig is still in Italy..I hope it has started shipping. Just look at AAOG, Sound etc keeping investors informed is the main thing....
ajbennett
Posts: 6,181
Opinion:No Opinion
Price:3.40
RE: while we wait for the rig - recap.
Mon 15:56
AC is a very large shareholder because he gets paid in shares and is devaluing them every day to get more.
As always with Zen it's what they don't say that matters.
AC could tweet a picture of Dave hard at work?.
I have emailed Zen for all the good it does.
Ezhik
Posts: 3,398
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 15:55
Thanks Mud. I guess no news is erm...no news then.
I have though of another positive..... Due to location, we should not be too hampered by the weather once we get going again!!. unlike some Co's that are working in minus 30 poor sods.
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
RE: while we wait for the rig - recap.
Mon 15:20
might be worse than you think- you do not have confirmation of that.

The rns said that davids position is with effect from 1st sept.
The recent rns, andrea said new operational management in september.

Just because we haven't heard anything doesn't mean he didn't start work.

I cannot understand how you can say that Andrea must go? he is chair and a larger shareholder now than he was a year ago. His position is more entrenched, rather than at risk.

cannot deny what you say regarding the delays, I just do not post about it every day.
ajbennett
Posts: 6,181
Opinion:No Opinion
Price:3.40
RE: while we wait for the rig - recap.
Mon 15:14
Sea7, the storage tanks will be late, the pipeline will be late and has the new guy turned up on time?,
looking unlikely.
Rig is now late, the A100 rig is late and AC is silent which means it's even worse than I think, now an all time low share price as oil price peaks, what will he place at next?.
Time for AC to go.
SEA7
Posts: 2,838
Opinion:No Opinion
Price:3.40
while we wait for the rig - recap.
Mon 15:06
As part of Zenith's field rehabilitation programme, the Company has decided to replace 4,000 metres of line pipe across its field area in Azerbaijan by the close of 2018. Delivery of the first batch of line pipe is expected to take place within the next 14 days. The line pipe replacement programme will begin immediately upon delivery of the materials.

The installation of new line pipe is expected to yield the following benefits: minimising oil loss during transportation from the well to Zenith's field oil processing and storage facility; reducing restrictions to oil flow from active production wells, a lowering of line pipe pressure.

as part of its ongoing field rehabilitation and infrastructure modernisation activities, the Company plans to begin the reconstruction of a 2000m3 oil storage tanks during the month of September. It is expected that further storage tanks will undergo reconstruction work later in the year.

Work Programme

The Company is currently in the process of revising its work programme with its new operational management. Once this is defined, Zenith will provide shareholders with a clear summary regarding its operational strategy for the rest of the year 2018.

New technology has enabled some of the 11 new electrical submersible pumps to be installed at a depth of approximately 2,500 meters. All of the previous electrical submersible pumps installed in Zenith's field had a maximum setting depth of approximately 1,500 meters.

-Significant reduction of the production decline rate, approximately 12% per annum, and minor production increase (57 bopd) across these 11 wells.

-Stabilisation of production achieved through the increased reliability offered by new ESP technology. Previous ESP technology often failed causing production downtime.

On May 18, 2018, Zenith had announced that it had planned to increase the number of new electrical pumps installed in the Muradkhanli and Jafarli oilfields to 12. However, the Company's field team has since pulled one of its newly installed electrical submersible pumps on account of poor performance that rendered the installation uneconomical.

Considerable progress has been made in many areas to ensure that we now return to the Zardab field with the full capability to achieve the results that have eluded us thus far. The geological work performed during recent months has significantly enriched our understanding of the field's geology, and further substantiated our confidence in the transformational potential of our Azerbaijan asset.

The arrival of new operational management in September, as well as some of the most powerful drilling equipment the field has seen in the last twenty years, means we shall be positioned to fully execute our work programme.

The months ahead are set to be hugely exciting for Zenith, and I hope shareholders will soon be fittingly rewarded for the loyalty and confidence they have shown in the project since the Company's listing on
Rickylfc5
Posts: 493
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 15:02
Agree with your frustrations Cyb - just for clarity - most people on here agree with what AJB has to say its just that he clutters up the board saying it endlessly (and bizarrely he thinks he's a loan voice) AC is doing a poor job particularly managing expectations (and thus the share price) I, and others, have told him of our disappointment although AC is unlikely to leave as he has a large shareholding. - then (having predicted all this) AJB buys more stock!!!!
cyberiachas
Posts: 16
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 14:40
I have found AJs moaning a little tedious and very repetitive, but actually he can't be blamed for the lack of information coming through here: on issues that directly affect the valuation of the this company, e.g. when critical plant elements will be in place (we are supposed to deduce and guess this from previous vague RNS snippets) and regarding human expertise on the ground.
If things are not going quite to plan well that happens, just let us know - continued poor and non-existent communication erodes trust even to the point that when the facts are looking better people will disregard this stock.
No news is bad news in this case.
rant over, I still hold a pretty big chunk of these and Not selling - it could easily all come good, but it has been very poorly handled.
ajbennett
Posts: 6,181
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 13:46
I told you this would happen and all I got was abuse.
AC should make a statement today and ideally should go and let someone competent take over.
They signed a contract stating delivery within 90 days. No sign of the rig that was going to be delivered by the end of June either.
Coming up to a year since the start of Z21/Z28.
Mudstud
Posts: 417
Opinion:No Opinion
Price:3.40
RE: RE: Re : 3.6p to buy
Mon 13:36
Ezhik,

I did send Dave a message on Linkedin to see if he was started with Zenith, no reply there either...
Ezhik
Posts: 3,398
Opinion:No Opinion
Price:3.40
RE: Re : 3.6p to buy
Mon 13:32
And now it below 3.5 to buy. Some time ago someone on here posted that the price was going to 3p, it was around 7p at the time. 3p seemed like an impossibility, now here we are.
If anyone here is on linkedin with a premium membership, maybe give Dave a shout to ask whether he is still packing his boots and hat.
Mudstud
Posts: 417
Opinion:No Opinion
Price:3.40
RE: Re : 3.6p to buy
Mon 13:26
I hope the guy comes, cause we do need someone that knows the job running the fields, I asked AC and got no reply, so it does concern me. One thing we need a decent Ops guy in the field, anyway let's see. I will start sounding like AJ soon at this rate. I am thinking October also for the rig, but they could inform us it is on the way etc...at least we would know the status
Ezhik
Posts: 3,398
Opinion:No Opinion
Price:3.40
Re : 3.6p to buy
Mon 13:07
Mud. I read into the last rns where it mentions that the not yet leased 180 would be delivered towards the end of Oct and will be operating concurrently with the 260 as being.. 'the 260 isn't going to be here until October'. If it is on site and complete before then I shall be surprised.
Also, would not be at all surprised if our drilling manager has changed his mind or taken another opportunity elsewhere unless the day rate he has been offered is one that just cannot be refused. From our point of view, a small retainer and a big bonus at 1000bbls would be a favourable deal. wishful thinking I s'pose..
Mudstud
Posts: 417
Opinion:No Opinion
Price:3.55
3.6p to buy
Mon 12:46
Well that must be a new low for Zen, well done AC. Think you need to get some tweets out if the rig is moving to AZ. At the moment you are giving no incentive to buy in here. we are 14 days over the 90 day period and no word where the rig is. Surely the company must know when they will deliver the rig now. It getting all boring..and the SP reflects it
mojobojo
Posts: 380
Opinion:No Opinion
Price:3.65
Bought more
13 Sep '18
Another 20k bought..asset massive and can extract oil for next to nothing compared to most GLA
orjones
Posts: 166
Opinion:No Opinion
Price:3.65
RE: Asset massive
13 Sep '18
lol which part of what u post is constructive??? andre keep buying shares is paid in shares so unlikely to go anywhere matey...
ajbennett
Posts: 6,181
Opinion:No Opinion
Price:3.65
RE: Asset massive
13 Sep '18
Well I bought a few yesterday so yes, now holding about 510,000.
Most on here do not understand constructive criticism they just abuse those who say it how it is.
sarge123
Posts: 2,705
Opinion:No Opinion
Price:3.65
re assett massive
13 Sep '18
Well done in getting it removed . Nothing abusive about it though but it obviously wound you up .




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.