George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Just found this and if it’s correct, there could be a massive upside here if the 3D report they are working on turns out to be massive provable reserves .
Bernstein: Oil May Jump Past $150 On Chronic Underinvestment
By Tsvetana Paraskova - Jul 06, 2018, 8:00 PM CDT
oil rig
A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle that could see oil prices soar to $150 a barrel or more, analysts at Sanford C. Bernstein & Co said on Friday.
Investors clamoring for cash returns on their investments in lieu of increased capital expenditures may soon backfire, as new oil reserves may be unable to keep up with demand, according to Bernstein analysts.
“Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry,” the analysts said in a note, as carried by Bloomberg.
“Any shortfall in supply will result in a super-spike in prices, potentially much larger than the $150 a barrel spike witnessed in 2008.”
“If oil demand continues to grow to 2030 and beyond, the strategy of returning cash to shareholders and underinvesting in reserves will only turn out to sow the seeds of the next super-cycle,” said Bernstein.
“Companies which have barrels in the ground to produce, or the services to extract them, will be the ones to own and those who do not will be left behind.”
Related: Permian Bottlenecks Come At The Worst Moment
After the oil price crash of 2014, oil companies slashed exploration capital expenditure. Now that oil prices have recovered, those companies are looking to reward shareholders with dividends and share buybacks to show that they have successfully come out of the price slump.
The lowered capex in exploration, however, is depleting the oil industry’s reserves and reserves replacement ratios. According to Bernstein, the reinvestment ratio in the industry is the lowest in a generation, which is setting the stage for a super-spike in oil prices; prices may even beat the record of $147 a barrel from 2008.
What’s with the stupidly high spread on this share?
Zoltav Resources Gets $12 Mln Shareholder Loan for Russian Work Program from the 2 major shareholders. I have to say this is the most positive news in a while, finally they are putting some resources behind the project!! Let's hope this is more of the shape of things to come.
To be honest Europe is so reliant on Russian gas, regardless of what's gone on otherwise, so even with the threat of more sanctions I wouldn't see this as a hold up. I can only assume the report isn't ready yet, because it is a piece of news that would have a potentially significant impact on the share price and would have to be declared.
no report released and I'm sure they have it ,but you would be mad to produce it know as sanctions looming on Russia and family friends ,if deaths are proven . We're is limited who used to post here ?
The company stated on the 17th January that: The final interpretation report for 180 sq km of 3D seismic acquired last year over the Carbonian and Devonian (and also prospective Permian) structures in the North Mokrous block is expected to be completed by March 2018 and will enable the Company to optimally position future wells. Well March is almost half way through and without an update to this the share price will just drift back down again unfortunately. Let's hope the update isn't far away!
Hopefully it's only a couple of weeks now until the final 3D seismic report is due on the North Mokrous block, hopefully it's very positive news for the gas assets and ZOL's share price will push on up from the steady recovery it's had since the start of the year!
Buyers were around this morning. Zoltav seems to be getting a bit of a following
Once it gets to �1 I will be breaking even....
Zoltav has done very well this year so far. 2018 could be a big year for the company
Well the good news is a lot seems to be going on in the background, hopefully the share price will gradually improve from here until the completed report due by March on the North Mokrous block, then if that's positive it could get very interesting!
Could someone explain the consistent buying today here?
ZOL being taken this morning....enough to show it + 12%, nay ....+ 15% as I type. Never much stock on show at ZOl and the share is still sitting in the cheap seats.
While I will sell a few if the share price hits 25p, I am going to hold on to the bulk of my position until I see 50p. Given the companies assets (especially the oil fields) and the major shareholders, 50p seems a realistic prospect. I guess we need to see the oil price remaining at current levels to assist. It's just my opinion, of course.
Still quiet-ish, but some are taking advantage of the lull.
shareholders need the price above 100p to break even , excluding effect of inflation .
Quite a sparkle at ZOL - being wanted, but still cheap, imo. The first snippet of further positive company/corporate news will have this hugely on the move.
Happy days here !
Up strongly again today. Sadly, it doesn't look like I'm going to be able to get the bargain basement price of two weeks ago. Waiting for 25p to sell a little.
Managed to get some cheap a couple of weeks ago for a medium term hold (I'd like to see 25p+). Cheapening again over the last few days; if I see 10p, I'll be in for more.
No specific news expected, this has just been oversold and found the bottom at 8p down from 38p in Jan. I doubt it will hit 38p without news but current volumes and charts are pointing to the low 20's in the short term
Slowly rerating ...check out the charts DYOR
Are we expecting news beginning of next week or it this a friday dump and pump?
RNS Number : 2498T Zoltav Resources Inc 11 October 2017 11 October 2017 Zoltav Resources Inc. ("Zoltav" or the "Company") Operational Update Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, provides an update on operations on the Bortovoy Licence, Saratov. In Zoltav's half-year report published on 26 September 2017, the Company stated that it was re-evaluating the forward drilling programme for the Permian Basin in the Western Fields in order to plan new and improved geological drill targets for keeping the Western Gas Processing Plant at full operating capacity over the mid to long term. In the short term, the Company stated that the Western Gas Processing Plant would be returned to full operating capacity by year-end through a drilling programme focused on delivering additional gas production from sidetrack wells on existing well stock. The first of these sidetracks, Zhdanovskoye Well 30, due to be operational during Q4 2017, was drilled and has been unsuccessful. Management believes this is due the geology becoming more difficult than previously thought, with reservoir thickness varying significantly and the ability to rely only upon low-quality historic 3D seismic data. The result of Zhdanovskoye Well 30 has caused management to re-evaluate further the risk profiles of the proposed Permian Basin well programme and postpone all planned drilling on this structure until the interpretation of higher quality 3D seismic is completed, and additional 3D seismic is acquired, throughout 2018. As previously announced, Zoltav believes that there is potential to yield substantial additional reserves and production in the deeper Devonian structure and management will now divert any surplus planned capex for the remainder of 2017 and 2018 to understanding the potential of the deeper Devonian structure. The ongoing seismic programme acquired earlier this year involves interpretation of the 180 sq km of 3D seismic over the Devonian structure in the North Mokrousovskoye field and is expected to be completed by March 2018. An additional 507 sq km of 3D seismic on the Western Fields is now also planned to be acquired and processed during 2018. The proposed Devonian drilling activities in 2018 involve a re-entry into a Soviet era Devonian well, Krasnokutskoye Well 14, in order to further assess the development potential of the deeper Devonian structure. To support the Company's Devonian development strategy, during 2018 the Company intends to expand its upstream team with additional hires with significant geological and technical experience in Devonian structures. The short term impact of suspending the drilling of further sidetrack wells in the Permian Basin is that production throughput into the Western Gas Processing Plant will decline until the results of the proposed seismic programme allows new producing well targets to be identified and drilled. Management expec
This was 40p when the Oil price was $56. Price now $63.60 Slide down should be reversing as it is