Member Info for callit

Andrea is a pretty big shareholder. :)

So Zen just have to act "quickly and efficiantly" and we are sorted! :)

Wonder if he still has intentions in Norway?

Except you are assuming there is only a very modest possible uplift from such activities. We don't know that to be the case. I'd expect if he were going to intervene he would take the decision on advisement with the engineers and geologists on site. The choice to put it on production take the money and move on is a valid option but if AC wants to roll the dice there is a possibility of improved results. It's obvious from the RNS he is considering doing the extra work, we don't know if that was immediately or at a later date but either way he may have to take it off production to do. He may feel that it makes more sense to do it first and get the uplift ongoing than to put it on and take it off again. Anyway I don't know, there are arguments either way. If we get a flow update I'll be happy.

@Sarge123
I admit the wording is a bit ambiguous and it could be taken either way, but English is not his first language.
If the output had been shown on the production figure I'd agree with you, but since it hasn't I guess this is a plausible explanation as to why. Though I have no idea for sure either way. Just hoping for that update RNS.

From October 9, 2019 RNS:
"Further stimulation of the well, which may include swabbing operations as well as the performance of nitrogen stimulation, may further increase the rate of production. The Company will update the market in due course regarding these operations."

I take it this means these operations have been ongoing and the update which we have not yet got will tell us if the flow rate has improved further?

Wasn't the deepening at C37 & C30 already covered by the earlier raise? I thought we were already fully funded for these 2.

Is the oil in the trucks fuel tank ? :)

They haven't got far to go. Let's hope they don't get lost in transit. :)

No worries.

Arguably our biggest selling point is Gyrometric(in which we own a controlling stake). This university spin-out company has a new way of monitoring rotating shafts and hopefully will be tested on the some of the worlds largest wind turbines shortly :)

We still use drones at Geocurve but even there it's only part of the picture which is now focused more on geospacial data generally from differing sources including out laser scanning kit(which we were the first in the UK to get both backpack and car/boat mountable devices).

The old Aero used to have a drone pilot training arm but this was discontinued to focus on other avenues shortly after the new RMS BOD took over.

There's not really any comparison between the 2.
Drone Safe Register seem to be an advertising directory for drone pilots.

Should have bought our own cement truck too.

Well the Mcap is only 14m, so 1m off the debt sounds pretty good. Looking forward to the flow rates too.

Maybe so, and who knows what the SP will be then, but this is about more than just the immediate production from those work-over wells. It's confirmation of Zenith's strategy and ability to follow through and get oil out of the ground. Sentiment has been bashed by the earlier work-over programme. A good result here should let us put that well and truly behind us. GLA DYOR

Don't think there will be many fish in our oil marsh :)
Go team Zen!

Just wondered if anyone has tried to break down and attribute the MC to the various constituent parts of Zenith recently? I seem to remember someone saying the Italian assets were worth 3p (I think) a long time ago. There must be about double the shares in issue now so would 1.5p be a reasonable value for these now?

Then we have left the drilling company, which owns it's own equipment. I'm guessing a value could be put on that separately. If we weren't drilling our own field we could still be contract drillers for someone else?

Finally the producing fields in Azer. How would people value this? Based on current production or the 2p reserves, or even the possibility of further reserves being found in the cretaceous?

Fully funded for both well deepenings. Just 350 from each well (or 700 from 1) would see us in the region of AC's target of 1000 at year end.

What about when Mike Palmer found that extra producing zone :)
And of course Z21. We know the oil's there.

Thanks @mufcm.
Much appreciated.

Just a quick question;
Does anyone know if Gun still have any stake in Zen? TIA