Member Info for Ezhik

Be careful what you all wish for. 100m spent already. Ageing assets, pipelines, C&I systems, Safety (LOPA) layers of protection. likely structural issues. might need another $ or two to be spent. Anything involving 'offshore' is logistically and financially a pita. That is why Tilapia was such an attractive opportunity, offshore discovery, onshore equipment.

Hey Bubbles. If you take the non-op wells, 16-2, 36-2 and 1 other currently not-drilled wells then 4-5000 in Q4 is what we are looking at yes. dsrt implied that 16.2 is currently flowing at 4000-5000 boe which is why I said it's a bit ambitious. none of us would say no to 4000 boe per well though.

dsrt. a bit ambitious there old chap, too many zeros.

C'mon then, get this bus out of 'ere.

Looks like some folk may have thought there was better progress, or drilling had already begun--a few sellers stepping off the hurdie gurdie

Got the year wrong, apols. End 2019/Start 2020--I think

I believe that Highlander was part of AAOG, therefore anyone looking for his posts should look around the time Zenith announced the below. End 2018/early 2019. About 4 years ago already.

" Zenith will enrich, as well as diversify, its asset portfolio by completing its first African acquisition in the form of a highly prospective oil production and development asset. This is in line with the Company's strategy of identifying and acquiring assets with significant untapped production potential.

·; Following Completion of the Acquisition, Zenith will own 80 percent of AAOG Congo which has a 56 percent majority interest in, and is operator of, the Tilapia oilfield in the Republic of the Congo (the "License"). The remaining 44 percent is held by the national oil company, Société Nationale des Pétroles du Congo ("SNPC").



·; The License is located in the Lower Republic of the Congo Basin, West African Atlantic Margin, which extends from Gabon down to Angola, a prolific hydrocarbon region in which certain individual wells have recorded production rates of up to 5,000 barrels of oil per day. It is situated 1.8km offshore and entered into production in 2008. Having been drilled from onshore, there is no requirement for offshore drilling equipment. Oil storage and processing facilities are a 45-minute drive from Point Noire and 17km from the nearest refinery.

@darien. There is nothing late or wrong about a well test that extends 30 -60 days. I have posted this before. Sometimes, part of the test is just to shut it all down for days at a time to test for the pressure build up after it has been flowing full bore. They may have isolated different zones to test them separately which takes special tooling to achieve, if they have done or are still in the process of doing that then it's good news in my book. i.e. there is no point testing something if you already know there is little/no oil shows. Maybe a lottery ticket would suit you better, the news is guaranteed to arrive at a pre-determined date and time. We know they are testing it, it has already started and the last feedback was that it was going to plan. It may of course all go tips up, we'll all know which way the cookie crumbles when we know.
I almost sold out when the offer was over 7 as I was fairly convinced that 16-2 is baked into the price and 36-2 has design work to do and therefore the SP was likely to retrace due to some uncertainty. Maybe I should have taken the money and waited to buy back but I didn't, but I don't blame ZPHR for that decision.

16-2 news needs to come forth so that we can multiply. Otherwise! it'll be the drifters again. This week pleeeeze.

Hedgehog. I looked through Mello and for the life of me couldn't find a reference to Zen which I believed to be the purpose of your post. But now I understand that it has no relevance to Zen other than they are one of hundreds of other minnow caps and your point was that just because Mello believe that small caps will do well, then by definition so must Zenith. You refer to short term trading, well short term trading in my view is a few minutes in and out on a rising trend on one of the indices or an FX pair or maybe a commodity. Spread bet on £££ per point, take 10points or more and close the position. I made 3 'trades' this week when I had the motivation, each was just a meagre £2.00 a point. The 3 trades were on the same morning over a 15 minute period, each trade gave me between 12 and 17 points, almost £100. Beer money, but more than anyone has made sitting here waiting and waiting and waiting. Making reference to a.n other opportunity and marked as OT so as not to offend, referring to investment in a similar market to Zen is how folk with half an ounce of brain cells will look them up for themselves, do some research and decide whether it may or may not be worthy of a gamble. Some years ago I did the same thing on here with reference to TXP, there were synergies, TXP were working over legacy wells, Zen were doing the same. It was before TXP embarked on the Ortoire development, and their SP was in single figures somewhere around 8p or thereabouts, ironically Zenith Sp was in double figures around the same time.

What time are they discussing Zenith?

Tintin. It's why Brits are known as whinging poms mate.

FWIW, Irecall flaring gas and condi on a semi submersible darling rig. The flare is on a boom that is winched out from the downwind side so the flame etc is directed away. Condi is virtually in an aerosol state and burns pretty hot alongside the gas. Big problem is if its allowed to go out or the mix of gas/air and liquids drops out of the flammable range. Condensate then gets deposited at a vast rate directly onto the surface of the sea and the gas can meander around the rig to become an explosion risk. Ours caused a slick 2 miles long clearly visible by satellite, not a proud moment for the crew. Cant recall what was done in the end. Keepitburning@zeffie.com.

McDoog. You just screw it together with the casing tongs and shove it down the hole with the big weighty thing hanging in the Derirck. Use thick wall pipe to cope with the extra forces, put the bullnosed end in first and bob's your uncle. Leave the design to the pointy heads. lol . Did we actually turn the corner all the way here? or is it just a vertical anyway. ? At least the full horizontal section wasnt drilled but I don't know if they actually reached the horizontal at all. Anyhow--I'm confident they will come up with the right solution and then fingers crossed implement it without too much issue. good to see another 8% already today. Maybe 16-2 news is being scribed ready for publication.

Posted Saturday, just thought I would clarify that I didn't buy any AET. I read they are waiting for Govt approval or words to the similar which reminded me of the problems arising here whilst waiting for approval. The other synergies still remain though. I have bought AXL instead.-Some might be interested, others not, but if we are talking about trying to actually make money then they have a few drills planned for the next 3 months and are funded for them already, therefore an opportunity for a trade I think. No response required, get the post removed if you want, just trying to spread the love.

DrMike. I was preempting what some of the negatives might say mate. If you read a bit further into that message you will read that I said it was brilliant news.
Last post now for a while.

@Risky. I have some directly relative hands-on experience of working in the UKCS, semi submersible drilling rig drilling mainly for Amerada Hess up in the North North Sea. It was a while ago mind and things have moved on in leaps and bounds with technology so I certainly don't consider myself as anything other than someone with a bit of an idea and certainly no expert. But first hand experience teaches you that drilling a hole a couple of miles long will encounter the unexpected whether it be the well itself, the equipment you are using, the weather or even worse, the people doing the job. I now work in construction and commissioning of LNG importation and storage projects. Murphy's law still applies and plans, with the best will in the world are often little more than wishful thinking. It'll be alright in the end !.

It adds to the complications a bit. Casing will protect the well from collapse, they will have to procure it first though. For the glass half full--this is a gusher and fantastic news, for the glass half empty, it's a failure on the basis that their geology and well design is way off kilter. lol. Lets see what the market says. Looks like I was 1 day out with my prediction for news on 20th . --Another failure but I did say give or take, so not too bad an estimate. Anyhow, I think the news is brilliant, they just need to proceed carefully from here to protect the thing and then get it on test and then harness the production. It'll take time.

Setanta. You are scaremongering again. The UTAH university require various tests and data collection during the drilling operation. We were told that this will add time. If you ever deal with academic types, they are seldom practical people and have little concern over the impact upon others when conducting research. If we get to Feb then I would also agree there is likely to be some issue but this week or next week should not overly concern anyone. Bear in mind that the UNI will want their $$ value and ZPHR will be obliged to pander to their wishes. --add to it the reports on bad weather.

Bought a few myself Monday and Today. Looks like a decent amount of news events coming over the next 6 months and with a nice cash amount in the bank gives them a chance to progress under their own steam.