Zenith Energy Share Chat (ZEN)

There is an article in an azer news paper "Zenith Energy’s forecast production costs could become higher"....
Has anyone one got access to this ??
https://en.trend.az/business/energy/3151464.html

Yep. I was just trying to help people to get an idea of the scale of what needs to happen.

A National 110 is a similar size rig to ours and I was told once that it only took a good crew 7 days to rig down move a short distance and rig up, provided the pad was ready of course. Let's hope something happens before Christmas.

Thanks Ezhik, that’s a really interesting clip. There’s a huge amount of work involved, other than the travelling time it won’t make much difference whether you’re moving it a few hundred yards or several miles.

If AC is still buying then good news as he already has a lot of skin in this game, so he has all to gain as well.

https://www.youtube.com/watch?v=r2CkhWux7jE

And 4 weeks since we had that tweet of the poured padstone at C-30. Where are we? Will the rig be ready by end of next week to kick start operations???

We do need a comprehensive operational update please: C-37, C-30, M-247, Well Perforations etc.......

And website still says 270 bopd total.

lol....have a look at yesterday and the day before

Magtalo

What big buys are you referring to ? The trades today show that the people in the know obviously know of the revised flow from C-37 .

Bells...really, another acquisition...but an acquisition unlike the shed??? ...one in which may assist zenith n azer ??

No Magtalo I’m saying that getting the MTN’s away and sorting our long term non dilutive funding, some of which will probably be for an acquisition is clearly the main current focus, and updates on production may have a negative impact on getting that funding away . So my guess is we will hear news on MTN’s and a possible acquisition before we get a production update

Agreed, but all of this MUST be underpinned by proving that you can increase and sustain production. Work to be done!!

Bots you need the credit rating to get the bond away and also influences the interest rate,

Bells...are you saying that c37 is actually a wonder well and with c30, which had even better expectations together with the perforations, zen is actually in the verge of a humungous merger or acquisition ??

Bots you’re probably right , RH I agree but read between the lines with the rns’s we’ve had and the ones we haven’t had and you can see where this is going

We have more than enough to be getting on with in Azer!!

Complete the current targeted wells. Complete the perforations, if possible get a rig back to Zardab and open up Z-21 .... get a move on. Use the funds to secure a few decent rigs and really get motoring!!!!

Ask yourself why is AC so focused on credit rating? I’ve never seen this before.
My gut say that there’s a humungous merger or acquisition coming.

I only topped up my 750k holding on the back off the big buys in the last two days. ...which fool would be investing nearly £200k into this donkey without some knowledge...the donkey might turn out to be a mule after all.

Bear...on your bike.

There has been no recent update on C37
This board has been virtually taken over by two newcomers (Magtalo76 and OilNO) who between them have posted near to 180 times in the last 30 days. One minute they are for Zen and the next minute their complaining. Magtalo76 has after complaining again and again,helping to destroy any sentiment just admitted to topping up at nice low price.
News will come out eventually and until then all their remonstrations are for the birds.

Is the recent selling due to lower production from C-37 than earlier reported ? Someones in the know ?

C30 is my limit...if its gonna join C21, C26, M66 , M195, C37 in the scrap book , then boy AC isn't gonna know what's hit him in his next stand up comedy!!!!

The reality seems to be that getting the MTN’s away at whatever interest rate we may have to pay (probably a tad higher than the previous 9%) is priority here, it’s obviously key to making sure we have less dilutive funding going forward which can’t be a bad thing. If he released production figures now and they weren’t brilliant you’d be wishing he’d sorted long term financing out first . Make of that what you will but I reckon we could be waiting a few weeks almost to c-30 spud for any production updates.

2 Bob credit agencies....not worth the pdf they are written on...as proven by market and investors who haven't rushed to press the buy button.
I wouldn't be surprised if the two credit agencies are buddies with AC from his banking days...some of the wording on the document seems to be echoes of AC talking......last couple of days someone has been buying big time though....I really dont know where we stand here...one thing for sure, more debt coming.
Just produce the fu****g output numbers with c37 included for crying out loud. !!!!!