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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Zenith Energy Share Chat (ZEN)



Share Price: 3.00Bid: 2.90Ask: 3.10Change: 0.05 (+1.69%)Riser - Zenith Energy
Spread: 0.20Spread as %: 6.90%Open: 2.95High: 3.00Low: 2.90Yesterday’s Close: 2.95


Share Discussion for Zenith Energy




View all ZEN Messages

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Posts per page:

AJamesW
Posts: 2,463
Opinion:Hold
Price:2.95
RE: What am I missing??
23 May '19
Block West Rustavi field will get a significant CPR uplift after WR30 and WR3 are drilled, producing Oil and Gas from the same Middle Eocene play WR16aZ produced such a rock in the pool of production.
Gas connection by Bago with an eight week build period, cost borne by Bago.
Upgraded Oil storage in the same time frames, then Block can test Choke sizes well above 3mm.

In a couple of months Zen will be in the same position.
I'll repeat what I said yesterday, get a work drill and I will buy some here.
 
sankeys
Posts: 4,686
Opinion:No Opinion
Price:2.95
RE: What am I missing??
23 May '19
I like the fact that he's read 7 years worth of RNSs from a completely different company, what a c0ck womble.
ajbennett
Posts: 7,135
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
Well Zen are now producing twice as much as you thought a couple of hours ago.
Zibrahimovic
Posts: 5,326
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
ajb..I answered you at 22.25 saying my calc was wrong...

Mrmaestro...1000 to 700 as they don't yet have the production storage as you know. Though that is being upgraded.

As for reserves..they are best evaluated through production and new drills confirming reservoir performance... Given this is BLOEs first work over and a spectacular result then the CPR will need to be updated in due course...Zen are 12_months ahead of BLOE but far behind in proven production and what is sold to the market is results...hence the rise to 17p and the overwhelming reaction of ii's wanting a slice.

BLOE have got lucky... No doubt but name another oiler that achieved the results they have under 12_months of existence
ajbennett
Posts: 7,135
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
You said they were producing 116? The losses come from failed work overs that damaged wells and from natural depletion.
No one is saying they haven't cocked this up but you are all over the place.
No one has been more critical of Zen than me but if you don't want to invest then don't.
maestro1
Posts: 6,087
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
Zib

Yes the initial rate was 1000bopd but they will put it in production around 700bopd.

What's bloe 2p reserves? Lol
Zibrahimovic
Posts: 5,326
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
The first RNS said the wells were already producing 350 bopd when Zen bought the licence.. Since then and 200,000,000 more ticker tape confetti the output has fallen a third to your 233...

Doesn't instill confidence enough for me to invest here...

Throw in the company history of failure elsewhere and red flags every where..
ajbennett
Posts: 7,135
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
where are you getting 116 from?
Zibrahimovic
Posts: 5,326
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
Yep that's correct...233 give or take... What happened to the missing 117? Depletion?

So in 2_years the producing wells are depleting and the new workovers have failed? Something's amiss.

Looking at BLOE they've gone from 25 to 1000 in one work over..
ajbennett
Posts: 7,135
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
21000/90 days is 233 bopd, 63000/270 days is 233 bopd.
Zibrahimovic
Posts: 5,326
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
250 bopd? Really, where is this documented? I see the sales for the last 3 and 9 months say 21/63 thousand barrels that's 116 bopd.
maestro1
Posts: 6,087
Opinion:No Opinion
Price:2.95
RE: What am I missing??
22 May '19
Well if you don't like the asset you can try your luck elsewhere.

Zen has 2p net reserves of 31mmbls and compare that to the EV Zen is very cheap to its peers. Significantly... Zen produces 250bopd...
Zibrahimovic
Posts: 5,326
Opinion:No Opinion
Price:2.95
What am I missing??
22 May '19
Rumour say Zen is the next big thing but from reading the RNS all the way back 9 years, the company has never made a profit...and in the 2 years it decided to become an oiler (bit weird as it was into semiconductors before but hey ho) it has gone from 350 bopd to 116 bopd and trebled the shares from 111,000,000 to 312,000,000 in the process.

There's a reason its the biggest onshore field in Azerbaijan and that's because the oil is offshore in the Caspian Sea.

So what am I missing??




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