Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The point of the success in Egypt is it keeps it viable as it has been in decline and SDX were possibly going to try and sell it. We are a gas company though and have hedged our prices which are very good, in Morocco at least.
https://www.linkedin.com/company/zenith-energy/
A great start to 2020, Zenith is two thirds of the way through a twelve well development programme for SDX onshore Morocco, using a high efficiency trailer mounted land rig from Canadian Drilling contractor Star Valley. Timings for the wells which include Rig move, and drill and complete have been reduced from a starting point of 13.08 days which was already better than the offset wells to 8.33 days. This demonstrates a 36% improvement in performance implemented by the Zenith team through capturing lessons learnt and implementing opportunities for performance improvement on a well by well basis. We are now drilling and completing these wells quicker than it takes to rig move a standard 1500 HP rig between locations.
The pattern seems to be there for sure. The market cap is ridiculously low for our income, which is increasing. Unfortunately although we are predominantly gas, oil price will drag us down. Since the Coronavirus oil price has dropped from $70 to $55 due to China and Global economy worry so it does impact the SP.
I have been in O & G for 40 years. I do read his blog but some of the companies he is pumping have seriously bad management. But I fell for his pump of SDX. Still in here but now the timescale is realistic. Very good last month.
https://www.energyvoice.com/oilandgas/africa/212486/aberdeens-zenith-energy-in-1m-moroccan-job/
In good hands with this company.
Market makers, small trades, big sellers, big buyers, takeovers, all a load of *******s. This is a solid company with lots of upsIde. Money in the bank. Revenue coming in. Drilling prospects. Not many companies can say that.