Member Info for Ezhik

BCB you beat me to the G.H comment. I wonder if CM is moving to Empire, they are in need of a CEO and are much closer to creating revenue than Cobra.

A name for the 'guess the CEO' post from a few weeks ago. Craig Moulton from Cobra.

Trouble is that credibility is lost. Words, even from PB are meaningless until the results prove the words.

Morning Photo. I think that you have perhaps got your answer. Fraid to say that today won't be pretty. I am already underwater.

Slightly disappointing reaction so far. This approval is really a key issue, without it there is nothing, with it there is everything. Almost back into profit again--was for a second or two till those sells came in. Maybe tomorrow then.

16000ft 1500HP should give a bit of wriggle room for any troublesome sections requiring some extra torque or a bit of pulling. I think my old offshore semi sub was 3000hp national drawworks and 25000ft depth of drill..back in the 80's. gawd how long ago was that!. Seems like it was just last couple of years ago. Anyhow, lets get the show on the road--literally. Some photos of Royston site, pad and access road would be nice.

Morning K. I knew that you will have posted here this morning!. Decent update today, " hit the ground running in 2021" was the Christmas statement and so far they are doing so in Oz. Early days still, good place to buy a few. Best rgds

Next moves.
Completion of acquisition
Rig on site and drill camp set up
Further clarification on viability remaining upper zones.
Confirmation of re-entry for S/T lateral--some drill details would be nice, trajectory, kick off point, depth etc.
Early plans for Bakken tabled.
Updates on lateral
CPR later on for both
+ Stuff I haven't thought of

well done to holders, nice rise. should have kept hold of the ones I bought at .7 and sold for a pee. .

RE: Try living in london
They are migrating to Kent nowadays. Rape, Mugging, Extortion, and that's only in my house, its even worse next door !.

Only 17m. Reminds me of when TXP was 8p or so. OK, entirely different play etc, but the potential for something similar exists based upon the 'New' company that Zephyr is.

Explains the drop. Happy that funding is out of the way.

Its just because the SP is just hot air.

Base. Slid out day before. Wasnt sure about how it would pan out or how long it would be off market. It now looks to be not so long and will prolly miss out on the biggest gains as it might open up at +100. Profit is profit though.

Hi Base, I slid out--looks like it was prob a mistake. I had a notion that it may remain off market for much longer. Made a profit at least.

Definitely should have listened to myself and taken that 3.8 a few weeks ago. 2.5 bid , discouraging advertised spread and as you say, a long road uphill. Sale of G needs to conclude as a starter which may encourage a CEO to join the Bod. It's maybe a bit low key, small potatoes to attract the right sort of person at the moment. Dunno, just musing.

The content of the rns:

Successful completion of IPU in Congo

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has now received formal confirmation regarding the successful completion of the Inquiry of Public Utility (Enquête d'Utilité Publique) ("IPU"), following an in-depth technical and financial review, performed by the Ministry of Hydrocarbons of the Republic of the Congo during the month of January 2021.

As announced on December 23, 2020, the Company will now proceed with the potential finalisation and ratification of the Production Sharing Contract ("PSC") for Tilapia II.

The rns from the company has no mention of Teresa Goma or any letter sent so there is no logic in your post unless you are insinuating that the rns is written in code. The rns is simply saying one step forward and more to go. The word potential used in the context of the sentence means that there is still work to do with a psc and its not in the bag. (potential to finalise). Red flag meaning folk should not read it as tilapia is all systems go and the rig is coming next week which is kind of what Moses was hoping for. By the way, you have got your innuendos comingled with your insinuations and managed to develop a new word, it is quite a good word though I'll give you that.

MGS. A jolly well written explanation. I had penned a response to Moses also but yours was better.-
Also note the most recent rns from the company;
"As announced on December 23, 2020, the Company will now proceed with the potential finalisation and ratification of the Production Sharing Contract ("PSC") for Tilapia II." Potential being the red flag and message to say its not in the bag yet but we are moving forward.
Those Tomatoes will be harvested before the rig moves in my opinion, its quite a cost to relocate it and all of the equipment and not a cost to be expended unless they are ready to go with whatever route to the bottom they choose. Bottom meaning bottom of the hole. New well, old well drilled through dodgy concrete or the most likely sidetrack through existing casing--but they would need some casing integrity checks downhole first which could be a wireline before that rig gets shipped so all in all some way off. Still think that they should use a contractor with in-country rig and experienced crew. Someone to blame and take to court--bit like the case against the previous drillers--another W.I P with no further news. Anyhow, good answer MGS.

T.M. Well, finally back to a small paper profit--always a more cosy feeling. Must have gotten carried away with myself at an outrageous 8p several months ago. Will no doubt look super cheap in the fulness of time though. P.S. Appreciate your posts here and elsewhere.

Dropping back a bit quicker than expected. Should have sold both halves.