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we got at nil cost , unbelievable , over 160 sq km , which is field 16 x 10 km and there is well 103 oozing oil . It means zol have got very good friends there.
A nice little update. Also, this is young Arkady's acorn and not his dad's.
well 141 already testing 101 barrels / per day zero cost ( I like this bit ) Koltogor 10 with new well 103 also flowing 21 barrels / per day and have access to Bazhenov shale formation. - I think they know all these wells have much greater potential.
is out !!!!!
there is contact for investors on their website . They answer quite promptly.
Morning all. In view the latest RNS has anybody had any luck with getting a response from ZOL about when the shares might be trading again ?
government asked its citizens to leave Eastern Ukraine and jointly with French warned that E.U. is on the brink of civil war.
Looks as if the trigger happy West ukraine government, is loosing the hearts and minds game of the eastern ukranians they are shooting at.
to the e-mail which zol was sending if you asked them about re-listing time ,they were saying that the circular will be published in the middle of May so another week of waiting and hopefully some news . Can not wait , very interesting time ahead .
Rosneft and ExxonMobil, have just struck a deal for 4 Arctic projects. The west is starting to realise how nutty, that Arse.nick Ukranian president and his slightly right wing followers are.
is escalating . Does not ponder well for our business.
has just transmitted V.Putin's speach from MInsk , where he said that Russia can in return impose sanction on Chevron and Exxon but he hopes there will be no need . Interestingly he mentioned only American companies , BP profits from co-operation with Rosneft are already down due to the Ukrainian unrest and Move in Ukrainian hrwyna.
i was thinking exactly the same thing this morning. It will be interesting to see where the company stands when we are 'allowed out to play' again. its been a long time coming lets hope the wait has been worthwhile.
The way things are looking think the best thing would be to remain in suspension, at least for the next say 2-3 months until things calm back down. In the interim they can keep working new deals and so when we finally do come back from suspension we will rocket up.
It's suspended any way , the worst is it remains suspended . Does not go up and does not go down and even return one day .
more are being imposed on 17 firms close to W.Putin by US.
it can happen any time !!!!!!
sanction and assets freezing .when is this coming in to effect?
sanction and assets freezing.
Monday 12th May would be 6 months after suspension and middle of quarter 2. Any bets as to the timing......and more importantly at what price?
on fire again, seems like the conflict is developing.
is final tranche in 20 mln Usd financing.Last 2 mln issued on 31 Dec lasted 3 months so this 5 mln will take us through two quarters. Does that mean that zol will become profitable in this 6 months period or even before ??
Thanks for the update. Could be waiting for the Ukrainian situation to mellow down.
I contacted them today and got the following reply: Thank you for your email regarding Zoltav Resources. As you are aware Zoltav's shares were temporarily suspended from trading on 12 November 2013 pending an announcement and publication of an admission document relating to the company’s proposed acquisition of Royal Atlantic Energy (Cyprus) Limited which, through a wholly-owned subsidiary, holds the Bortovoy Licence. Trading in Zolav’s shares will remain suspended pending publication of a Shareholder Circular (comprising an admission document) which is expected to be posted to shareholders in due course. I am sorry that I am unable to offer any specific clarity on the expected timetable for the shares to resume trading. While the previous estimation was indeed end-Q1, I would now expect it to be towards the middle of Q2. However, I must stress this is only an estimation and it could be sooner or later than that. I trust the above is helpful. Please do not hesitate to email me if you have any further questions. Kind regards Ben Simons For Zoltav Resources
Gazprom has increased prices of gas for Ukraine by 44%. Will zol have the same power in hand in the future ????