Koltogar licence has 1p of 1 627 000 barre of oil , so Zol 1p assets will increase circa 44 times or even more.( I was rounding down all numbers). Unbelievable , simply mind blowing. .......... or I am wrong ????? or too much wine ????
requirments for lse listing is a freefloat of 25% we are at 20% between ARA and managment they hold 51% and that will always be the case i think so they dont lose control. im sure they have solutions if they want to increase shares in issue.. its not like ZOL need to go to the market for money and issue shares.
with expected production 12.5 mln barrel in 2017 they can declare divi 50p now , with 55mln share it will cost them only 25 mln .Well probably more shares will be issued let's say 100% more shares so they can declare now 25p. But we do not know how the deal will be financed.
This is amazing, better than I hoped! We'll be having dividends next. This is the share everyone hopes to find. It's been a long time. Zylo, we've taken some stick over the years, yet here at last is the end product.
The Company owns and operates the Bortovoy License covering approximately 3, 215 sq. km. The block contains ten recognized gas and oil fields as well as over 40 delineated prospects, as certified by independent reserves engineers. Geologically, the block lies on the northern part of the long and pronounced margin of Pre Caspian basin, one of the largest hydrocarbon provinces in CIS which hosts several major hydrocarbon accumulations both in Kazakhstan and in Russia. The giant Chinarevskoe and super-giant Karachaganak as well as a number of smaller fields are located along the same geological trend on the other side of Kazakhstan border.
At the time of acquisition in 2006, the area of Bortovoy block contained over 130 wells drilled primarily during the Soviet period. As well as serving as valuable data source for the continued appraisal of the block, a number of these wells have been successfully re-entered and following an acid stimulation programme were brought on production at commercial rates.
Since 2006 the Company embarked on extensive 2D and 3D seismic exploration and appraisal programme which identified numerous promising geological structures which appear analogous to large known fields nearby. In addition to helping substantially increase 2P reserves since acquisition, the programme enabled Vostok to formulate and begin implementing a development plan which will see the company becoming one of the leading independent gas producers in Russia in the near future.
In addition to significant reserve prospectivity, one of the main advantages of Bortovoy block is its location in the European part of Russia in close proximity to potential customers and off-takers. The block is located in the established industrial region with well developed infrastructure. It is bisected by Gazprom’s trunk pipeline as well as a smaller spur line and is also traversed by a major rail-line and a network of hard-top roads. Temperate climate allows year-round operation.
In 2010 the Company celebrated an important development milestone – completion of a Gas Processing Plant designed to process gas from the fields located in the western portion of Bortovoy license. The plant was originally acquired in 2007 from Chevron and following refurbishment and re-engineering to add sulphur stripping capabilities and to meet Russian technical and safety standards was shipped to Saratov and re-assembled at the site of Karpenskoye field. Simultaneously, Vostok built all required auxiliary facilities, including 22 km sales gas pipeline to the tie-in point with Gazprom’s trunk line, gathering system, power lines, roads, base storage, etc.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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.