Member Info for Deepsurvey1

The share price is low. The Oil Price is high and they have a lot of cash in the bank. The level of Oil production which is due to increase makes the market Cap look very low. This is a very slick operating company that pay dividends and churn out lots of cash and do what they say they will do. All good for the potential of the share price to rise rapidly once investors start to notice Soco again (it only needs one mainstream tipster to light the touch paper). It also helps that oil shares are back in fashion meaning there's a bigger set of buyers when it gets going. It's a case of buy low sell high or in this case keep it for the dividend. The temporary rig delay is an absolute gift to hold this buying window open for a short while. However I think others will have spotted the opportunity too.

This is when we enter the downward phase in the share price unless the board of directors decide to keep buying to prop the share price up ready for the inevitable equity raise and subsequent dilution.

looking very good.

With clear sight of planning approval on the horizon it's time to invest more here but when? I'm invested here already but could the share dip in August or will I miss the current buying opportunity. Dilemma, dilemma.

It's good to see councils tackling land and water contamination issues in such detail with the aid of Environmental Groups, Industry and the General Public.
I am searching for but cannot find the Council's Plans for tackling widespread land and water contamination issues form Local Farming Operations, fly tipping of hazardous substances, Land Fill sites past and present and the mess left from the coal mining industry- above and below ground, past leaching of dangerous chemicals into the ground from heavy industry along with a plan to contain spillages from existing transport on country roads where spillages of oil, petrol, diesel and windscreen wash run into land at the side of the road.

This market capitalisation is around the minimum level institutions start to buy in.

RNS from afriag on the 11 July- they are looking for a reverse take over target and they need to raise finance. The only company that operate in Africa that's got a main board listing in London to raise finance and that will agree to a reverse takeover with them is AAAP. Hold onto your hats this could happen like lightening striking.

Yes I'm still a fan of Zen. Yes I sold out at a much higher share price. Yes I'm waiting to buy back in at sub 3pence maybe sub 2pence after the next batch of money raising. The last workover was successful up to a point. We've only stopped awaiting a larger rig. Unfortunately the company is vulnerable to massive amounts of dilution which would be good for the company but bad for shareholders unless you sold out and plan to buy back in in September/October/November whenever the drill bit starts turning again.

With a loss of £9million on revenue of £5million to year ending Feb 2018. Zen is hemorrhaing money( the life blood of any company). Without a transfusion soon it's going to be in intensive care. Income has increased slightly with the oil price but production can't even pay the workers wages. The increased workforce and equipment are chase ever decreasing oil flow and bogged down waiting for a larger rig to finish a workover of any sort.

AAAP is a South African Processing, Blending and Manufacturing Business necessary for Medical Cannabis Production. AAAP has the main board London listing and access to finance. David Lenigas is talking openly about Medical Cannabis with Afriag which is mainly a logistics company in South Africa but doesn't have main board London stock exchange listing. AAAP has a market cap of less than a million. The share price should rocket on any news.

What's wrong with Zen- need to raise more money which will continue to bash the share price. A whole list of workovers abandoned over the last 12 months due to:- wells collapsing, insufficient and incorrect historical knowledge of the field, decision to use smaller rigs that cannot do the job wasting time and money, Waiting for larger rigs that have not yet arrived. Timescales continually missed by a long way. Well Maintenance and fitting new pumps etc hasn't achieved an increase in the existing production of 300bopd. Labour, equipment and materials bill going through the roof as they grapple to get a foot hold in this difficult oil field.
What's right- it's going to take time, a lot more money and seems to be chaotic because of all their failings to date but- they have existing production on a buoyant oil price. The knowledge gained from the failed workovers is invaluable if they intend to move forward and develop these oil fields. The board of directors are making sure they have the money in place as and when required, experienced teams in place to capitalise on the knowledge gained and are supplying the best equipment the teams are asking for. The new rigs should do the job. It would only take one successful workover for all the failures to be forgotten and ZEN to be the toast of the town.
I'd looking to invest here in 6 months. After all the equity raises and before the results of the first main workover with the new rig.

it would be lovely to see a rig turn up in September but even then you're looking at November for any news. If they find the shallower level is a duster your talking December to get to the deeper sections. Production is way off in early 2019. The SP will drop slowly.

The only workovers in town that are going to catapult ZEN forward are the Z workovers. You can muck about with countless smaller rigs in the producing fields which might add a barrel here and a barrel there. Disappointment has raised its head and investors are walking away.

December 2018!!! The danger time for the share price is August. Retail investors away from their keyboards on holiday and no current news with nothing substantial on the horizon. lethargy sets in with the warm weather and other things get their attention.The share price will become becalmed. It's a matter of how far below 3pence this drops. The question is, do you buy in August or wait until January 2019 for the share price to move?

I'm all out. Sold my last this morning. May be back later on in the year when they get their act together. It's heading for 3p in the next few weeks and months.

The increase in Wressle is good for UJO but Burton on the Wolds would be ten thousand times better. Do Celtique want to part with any of Burton on the Wolds? Possibly not!

Don't fall into the trap of becoming judge and jury with the benefit of hindsight. Unpicking what the prievoius people did and what their records say they did being two completely different things, mean this is an investigation of a well and a workover at the same time. They have to dip into and out of the full length of the well at every change in casing diameter. Without knowing when the casing diameter changes or to what size. So it's a long job. Z21 forms the test piece for the whole field and the decision making process for all the following workover. They know the geology. They know where the oil is and how much. So I'm sure the results will be very very good.

I hear Theresa May's Government would look forward to any Planning Application for Burton on the wolds should one be submitted to coincide with changes being introduced in Planning Law.

The only thing Potential buyers of Zen are looking at right now is the success of Z21. Without it your looking at 3p. With it, it's going to be 9p for Ok or very successful north of 25p initially and rising to 50p with Z28 on the horizon. If Z28 is very successful the share price will settle at between 50 and 80 pence. With school's summer half term this week and some next. Nobody has the appetite for buying at the moment. Let's see what happens?

There's a difference between promising Jam tomorrow and already having it in your shopping basket. UJO has the latter.