Member Info for Deepsurvey1

ZEN has a record of failure. A site before oil is produced confirms failure and leaves people wondering why they were shown nothing. A site visit after they produce oil shows complete success and confirms the exploration model for all their acreage. Which is it to be?

What are Zen’s Best Estimate Net Barrels of Oil Equivalent Unrisked Prospective Resources for their license areas?

IEA Warns Of Looming Oil Market Deficit. Second quarter of 2019.

That’s the right thing to do. Get it all on site first.

I’d only invest here when the full rig is on site. Then it might be game on.

What does favourable = in Maths. All smoke and mirrors.

I didn’t know you were invested here. Me too. You’ll have a lot more luck here than the other share we’ve been taking about.

It’s a pleasure, any time Gun. By the way I’m still waiting to buy in below 2pence.

The GBP share price should start oscillating nicely with more interest. Great if you can buy and sell at the right time.

I’ve applied a small percentage of ZEN’s usual slippage time. If you took the average for a ZEN work over it could be two years or more. I’ve discounted the usual time slippage because they are getting a more powerful rig, which I’m sure will do the job quicker than never.

I see pressure technologies are in some of capital financial’s portfolios as of October 2018. Shares may have to be dumped on the market if they still hold them.

On arrival they have to assemble the rig. Check if anything is missing or damaged and re order those parts. Test and commission the rig and train the crew who’s going to use it. It’s going to take ages.

Is everybody working to 400pence plus as their target share price? And 800 to 900 pence if averything aligns.

Progressing nicely

I really want to invest here and I’d love to love zen. It’s a great story. But but but- it’s the stuff of fairly tales- utterly believable but totally floored. They spend shed loads of money but incapable of finding any oil as the share price plummets month on month.

Share holder value will be decimated. Zen is in the process of share holder wipe out, drowning in dilution and debt. Unsecured loans covered by covertable loan notes to be converted into shares after it’s sucked all the interest out. And Corporate notes that carry interest, building a huge debt mountain. A lot more needs to be raised (Shed Loads). Your looking at below 1 pence. Possible down to Half a pence before a chance of improving any oil flow.

I agree JSB it would be great if Zen moved forward how everyone expects it to. Unfortunately this company goes around in circles on rinse and repeat getting absolutely knowwhere. I’ve been following Zen for years. I’d love to buy in again but it keeps getting worse. They just can’t drill oil wells full stop!

They’ve been putting things in and out of empty holes for years. Now come on, Do they know they’re supposed to be looking for oil?
And to answer your question Zeb it all seems to be pointless with no overall plan. Just shooting from the hip.
Zen’s RNS’s are like a Netflix series- never ending and not really getting anywhere.
If you could tell them -I need a simple clear plan. List all the wells in a grid matrix then in the columns tell us what jobs the are going to do to each well. In the last column the heading needs say oil strike. A time scale would be good. A percentage chance of achieving each goal would be good. And interesting the grid at various stages say when money needs to be raised in order to achieve the next set of goals.

Is oil classed as an obstruction. If it is they haven’t found any.

It’s great saying they’ve successfully drilled a hole but what’s in it- nothing is appears. We need another RNS to tell us what pointless thing they are going to do next