Member Info for Ezhik

Deano. My last 1-1 chat with the stallion was about retirement and his goal to make sure he has a good one. He has a few years yet to add to his already substantial nest-egg though. Think he is about 64 yrs old.

Been adding a few this last week or so. Reasonable sized trades today, thought we may have benefitted from a tick-up.

Needs to be PDQ and a decent report otherwise another day or two like the last and we will be under 5, which is about 3p less than where I thought we might be by end of the month.

Deano. Any dealings in Africa are impossible to allocate any meaningful timeframes, it can be many years before anything happens and here are no guarantees that anything will. As an unrelated separate example KEFI minerals started their Tulu Kapi project 9 years ago, drilled, measured , DFS for the mine, permits obtained, re-settlement agreements in place and are still negotiating finance. Finance negotiations have been 2 years or thereabouts so far, with several broken promises for closure dates. I have been in and out of it a few times over the years and currently in for a small sum of £2k at 60p. It still remains a binary bet or even less and I wouldn't recommend it as an investment. Zen are renowned for moving at glacial pace in any case and that coupled with the difficulties of doing business in some African states it's no surprise that folk are in for a long wait. With this, you more or less have to forget it, get on with investing/trading elsewhere and one day something may materialise.

Wonder if there is any feedback from the drill site--just to confirm that all is going to plan and we have reached TVD and chomping along the horizontal. + Any indicators from the cuttings returns as to whether it is displaying similar characteristic to 16-2 and/or the cuttings confirm anticipated geology structure. Someone knows the answer and he is sitting in Utah. Throw us a bone.

Well, todays selling action is not encouraging. Tried that dummy sell again today and its NT.

Bubble. It's what I'm saying. Is it a pre-news drop to try and fill an order or is it something else. I tried dummy sell for 500k and was given a price online at 3.3 which indicates demand but who knows.

Is this a share grab to fill an order? I can sell a decent volume without NT indicating the stock is in demand. SP doesn't reflect that though.

@Dai2..Morning, I'm not sure that we always agreed on the other board in the earlier days of He but if something I have said has either made or saved you some cash then I am most happy about that. I have to say that your determination to learn about drilling etc has been impressive over the past year or so.

Hey Photo. Hope all is well in the dark room. ATB

Morning Zenners. Hope everyone is well. Season of good will is upon us so, sincere best wishes, good health and sufficient wealth to all.
H.H. I don't know if you are aware, but Ezhik is the word for Hedgehog in Russian language. That snippet has amused me from time to time, so I thought that I would share the amusement.

Excellent collaboration. The costs for data collection and research can be restrictive for E&P minnows and we get this for free. It's like getting a sat-nav to replace a bunch of O.S. maps. lol.

It's only a networking event and a chance to rub shoulders with the 'important' people. A chance to mingle, get to know what's going down, do some trumpet blowing, massage some egos, look for partnerships, investors etc. Not a license award ceremony, just a jolly up.

Good afternoon I.G. Pathetic now isnt it. Todays trades are about equal between buys and sells and volume is nanoscule (new word) but they still manage to reduce the mcap of the company by 2.5% . We should be 1p above where we are now with a undercurrent of excitement as we reach halfway to TVD and will start turning the corner (probably) towards horizontal early next week and 16-2 is producing saleable product--(whatever amount it may be, it will have chucked out some saleable black stuff.) Bored with it all now!.

Seems to me that the best course of action is to draw a line in the sand wrt the argument about what the company has informed the market that it 'expects' to happen with Italy and revisit these expectations at the end of Q2.
As an exercise--I haven't the time or inclination, someone with an impartial view could go back over the last 3-4 years, fish out of any Company reports, updates and rns messages all of promises, implications of success being just around the corner and the dreaded 'expectations' and draw up a planned/promised vs actual/delivered chart to see in reality what the 'story' is. Another interesting piece of research would be to try and follow the money trail from all sources of finance, loans, bonds, share issues and income from sales to where the cash has been spent and how much remains. If anyone has the inclination over the holidays to do such a thing it might be a valuable piece of work to help direct folk in their investment choices and even settle some of the arguments. Has to be impartial and has to be someone with the skill to be able to unravel the information into a meaningful report and must of course include successes.
Another Q I have, does anyone know the price achieved for the virtually un-used A100 rig and to whom was it sold? It was after all a shareholders' asset, paid for by PI's. Price may have been in the last financial report somewhere.

Tom. I don't think that you are quite right there mate. 16-2 tests have only just started and may well be ongoing for a couple of months. There was an initial well test post drilling just to confirm that the thing has commercial value. Extended test will demonstrate what was 'planned' from data and reasonable expectations for well performance against what it can actually do, how quickly pressure is recovered after the taps are turned on, to what extent they believe the reservoir to cover, is it likely to be connected to a larger reservoir, what is the optimum production rate when considering the pressure and flow recovery rates, potential well damage, longevity. blah blah. By the time the extended test has completed they will be well on the way with a solution for gas monetisation instead of just wasting it as during the test period. And 5.9p is not half of 10p, but the point is made that the SP is lower than some folk were hoping for. I am actually interested in the non operated profit, so as a nobody, perhaps that counts as a somebody lol. We are all hoping for untold wealth and riches, but rest assured E&P is a difficult industry made worse if there is no income stream to support the 'E' part.

Had to modify my yesterday's plan lol. Took a few below 57. Can't go wrong. ahem FLW

Thing is, we know what they are doing and what the objectives are. It would be difficult to rns every step forward and then open themselves for criticism if they didnt rns headwinds or backward steps as well. SP decline was pretty obvious to me as there is a fairly long road to travel before either Casc or the drilling at Royston commences. I wouldn't be surprised to see 60p but as described by Trek, the outcome of Casc is essentially known--in the end. The SP, I am anticipating as being well over 100p by the time Casc is flowing, probably twice the current SP. I did mention that I had sold by handful of shares here which leaves me in a state of 'what if I miss the boat' but somewhat playing with fire, I am hoping that Zeffie will give me a boost before there is any material news here. Bit of a gamble, but if both stocks meander along until Feb next year I will jump horses and rtn here. (I'm sure that nobody actually wants to know all this)- but the point I'm heading to is that the news will arrive in style, and my 'guess' is somewhere in Q1 next year. Time to chill, get the christmas spirit out and smile in the knowledge that the next 12m should see that old progress we once shared a couple of years ago return and everyone will be saying PB is the best thing since odourless dog poo. good fortune to all.

HFX the same, tried 500k, 100k then 20k, all negotiated orders. maybe something happening in the background.

looks like some posts are getting removed. Very dangerous to have an alternative view nowadays.