Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Not 100% what I was hoping for with the 10% drop in production, however 33% rise in profit to $1.19m, cash in bank up to $6m and Brent at 2 year high, they are confident we will be back up to 100% by year end and ruble holding up well, been a slow burner over last year but looks to be moving well in the right direction financially
Yeah rise already but no volume .
Apart from reading what else ????
Due within the next week or so. Could make very interesting reading
Thanks guys.
Definitely has its risks, sanctions shouldn't effect zol directly as oil and gas will always have buyers China for 1, but the strength of the ruble is everything to zol and that is effected by Russia's general prosperity and sanctions aren't helping, putin must have an end game as sanctions don't bother him, may feel sticking close to china could end up being the trump card
I think it just comes down to the uncertainty of how the ongoing Russain sanctions are going to affect companies like ZOL in future. Personally I've been adding when I can as I think their assets alone make this a huge buy, but I know it's not without risks.
Not sure how we are down around 14p, ruble is hitting 18month high and oil price is close to 18month high and our output has been increasing and we have been reducing cost, surely our share price should be hitting 18month high and not all time low
now we have 2 billion ruble revenue per year which at min is 58 rub/us = $35m and if it was to return to 30 rub/usd which it was a couple of years ago = $67usd with higher oil/gas price will easily be over $100m
Was 20/1 consolidation so would be 0.7, back then was just a cash shell with no cash, shows how silly the price is today
Hi Guys. Used to hold these some years back and after averaging down got out evens at 5p. How does the SP reflect to the old after consolidation?? Having seen how so many oilies have performed in recent years, not surprised to see the current M/Cap but the assets are considerably more than days of old. I notice limited is away, couldn"t bear the politics in his posts TBH, but anyone got a realistic target and why? ATB
We made profit in 2016 with ruble at its weekest in years and oil price at lowest in years, there has been improvement in both in 2017 and hopefully will see a return to the norm eventually, should progress well as zol have made there existing assets profitable in very bad conditions.... should see over 100m mcap with good market conditions
Fortune favours the brave, zol has been cutting costs and making the best of what they have in the current climate, with the wind in the right direction we have some serious legs, 20m mcap is well undervalued for 10,000 bopde 100% ownership and virtually no debt it's only the ruble value that's hit us hard and o&g price, will see revenue up again in half year report...
Yes lea has been very quiet,but if she has had no news her hands are tied , They told us that in 2018 the pipe line is due to be finished , That if it happens will be the game changer ...if it happens ,or like most of these aim shares ,they spin you a story or in most cases get no news ,the price gets run down then goes private , having had a helping hand from the private investor ,no more aim for me . Good luck all
Well so far the 'communicating more regular operational updates and milestones' hasn't producing anything in 4 months, so Lea has a bit of work to do otherwise we'll still just be relying on the 6 monthly updates as we have up until now!
I think you got a great price for that volume,the only problem is this is aim .no news till next month I will take 50,000 Shares at 10 ....I can only see it drift with no news ,but good luck to you .
Well bought another 50000 at the crazy price of 15.05p today to add to my holding. I figure with the profits they're making and their assets it's got to be a risk worth taking.
Ab senior is divorcing second time . He made the fortune in mayhem collapsing CCCP , quickly transmitted money to UK tax heaven and keeps spending for football kickers , next wives and theirs art galleries , never made any money while living in the West . West is slowly sucking him . Hope he will prove himself with Zol but .................
Ab Senior could get involved. There could be alot more Oil and Gas underground. This is one to watch .ZOL has put itself in a good position. One morning were going to wake up to an offer Does.China want in .
Miracles do happen right
the miracle .
Sorry Blackrock ,I will clarify what I was talking about ,I asked what it would take for this company to move to the ftse 250 or 100 ,
86% of revenue was derived from gas sold to Mezhregiongaz, a Gazprom subsidiary, at the transfer point on entry to the Central Asia - Centre gas pipeline system. The gas prices are fixed in a contract with Mezhregiongaz and are subject to indexation. We anticipate that an increase of 2% in gas price indexation will be approved by the Russian Government in June 2017 which will subsequently benefit the Company. The remaining revenue was from oil and condensate sold directly at the Western Gas Plant through a tender process to a small number of different buyers. The Company is considering alternative channels to increase liquids realisations such as exporting to Baltic countries, commodity exchanges and electronic b2b platforms.
Good article swizz. Odd it appears in Irish times though. Does anyone know other clients of Zol apart from Gazprom ? GL
ha ha moving from this Cap £20 mln. to 250 or 100 would have to involve JV with Aremco or kind of super con.