Member Info for Ezhik

'Field activities' are non-specific and in the language of Zen could mean anything from a site visit and a photo session to engaging an organisation to think about starting that CPR which in itself seems a little odd that it is required after acquisition and DD and that Maretap or EPZ dont already have a fairly up to date report. Folk learned their lesson some time ago here with the expression 'about to start drilling activities' where most read it as they were going to start drilling. What it meant in reality was that they were about to start getting ready to think about drilling, to check equipment, order the mud, get some batteries for the black and decker and then finally get around to turning some pipe in another few months time. 'Field activities' is meaningless unless it comes qualified with a specific program, dates, times, objectives, targets etc otherwise it is nothing more than idle chat and a pattern of thought until the next thought drifts in and becomes the new plan. It's surprising that all that oil that comes with the recent purchase that Zen allegedly own wasn't forward sold by Zen or monies loaned against it instead of another massive dilution. Neither has any of the last 12months production for all of the wonderful deals actually resulted in any income. Those 'subject to conditions' and 'subject to govt or parliamentary approval' signatures sure are tricky blighters to catch and close out. Its over a year now isnt it. There's more chance of shooting a 7 point haggis or finding a Hen with teeth, I'm sure they exist somewhere though so its a case of continued hunting and following the leader I guess.. At least there is a million or so in the bank from the warrants and the fundraiser to enable them to keep going for the next few months.

TTL. It was obviously going to pull back a little, I sold half my holding on the rns day and it is sitting there ready to buy back. News awaited on advanced finance negotiations probably in near future--I would expect them to look for around $5m to cover the well cost and have some headroom, maybe debt and capital raise. Spud date for drilling is late H1/H2 which is heading into Summertime which gives folk some 'time' to try and make cash elsewhere and others to take advantage of the receding price to add more to their pot---each to their own. I sold half. kept half in case there is unexpected news either good or not so good, but the money taken out is for sure going back into Zeph and not being chanced elsewhere. The Half taken out is pretty much all profit anyway. No idea when I will buy back, no target price, just when I feel the rumblings of renewed interest which I expect to be well before the spud date time--it is however a gamble and timing is of the essence which I failed on here once already, bought at 0.9 sold higher but would have been better just holding for 2 x instead of 1 x.

He'll have to hurry up then, it's Friday already.

Classic

Divide the market cap by the number shares in issue and that will be the SP.. Anyone's guess mate and sorry to hear the 50% deficit. Sp just needs 100% rise to get back to scratch then. - Past and current performance should give a reasonable indication of what is most likely to happen. Waiting for the next financial update to show all of those barrels of oil that folk on here believe are going into the Zen coffers along with the half million dollars of oil that evidently Candex are giving away.
Once there is a drilling permit, at least 5m in the coffers, a rig and a crew set up on the Tilapia licence and there is a geologist, reservoir engineer, a drilling engineer, an in country manager and they have designed the drill, decided where to kick off from the vertical to run the sidetrack past the dodgy cement job and have all the equipment to complete the task, it may be worth a gamble on the run up to reaching TD on the drill. Afterwards I wouldn't hold my breath on the ability of the company to achieve production from it as there is nobody in the company that has actually completed a well and produced oil unless they are hiding this person from sight. This is still a one man band, businessman, financier and a person determined to enjoy his retirement. Hats off 'n' all that, but as an investment or even a punt at the moment, not yet, but I keep looking in here and across the spectrum looking for turnarounds or off-base news that might be beneficial. Anyhow, good luck with the remaining £20k or so and for yours and many others' sakes I hope it all works out.

Mind that you don't get mixed up with DRC and the ROC. I havent checked what you say etc etc, but the two countries are miles apart politically.

Back in today. Kefi has been fairly good to me in the past and it now appears to be getting close to crossing the line with this long overdue mine. Hopefully will do OK here again.

well, you could hardly say that the Atomic deal will come as surprise innit. Current mcap seems like its enough based on a share of 1400bbls a day currently. but hey, 88e increased their mcap by over 100million on no news so there is no sense to any of it, only momentum and bulship. Staying in for now--just in case

bam. What do you expect it to be? and why?.

Will be back in profit again soon thank goodness.

ESIA news first--in theory but maybe the two will come together

As the one and only comment says 'legend' Scary thing is that he has almost 300 followers and anyone taking any advice from this guy is likely to end up being overweight, speaking with an Essex accent and no doubt gazing with admiration of that purple and gold (sorry diamond) wrapped 2006 M3 with 22" wheels. Wonder wtf he would make of reverse circulation drilling? innit. Two minutes of looking at the ecr website would have avoided such foot shooting--with video to confirm. lol

Guzzler. that Friday came and went 3 years ago. 1p by Friday could be the new mantra.

was maybe the reason for the increased volume yesterday-notice of rns lodged and expectation of new drill results. will see today I s'pose.

They now have their work cut out to assemble, power up, commission and chuck out some bricks by June. Looking good though after all these years.

Not sure why you are referencing Liquid Natural Gas? TXP are not in that market at the moment. I mentioned it a couple of weeks ago but for now all gas produced will be bought up by NGC.

10% ownership gives them a big voice. --and a lot of stock to sell at some point--

TS. I took it that all assays would be done on that basis so as not to risk a significantly high or low figure that is not necessarily representative of the overall sample.? If you are saying otherwise then I would accept what you say as I would admit that you are more up to speed with all that is ECR than me. We will be put out of our misery next week no doubt. one thing for sure, is the road ahead is quite long- I wouldn't mind coughing up a few pounds for another midas or even two more. There is a lot to go at and maybe more in the pipeline coming up soon.

He did in fact say that he had the results, he wasn't particularly animated about it and there was no obvious excitement in his voice or facial features--they seemed to move swiftly on at that point which did worry me a little. There was also a mention that this is just one of the license areas in the project or maybe he said just one of the 'levels', I cant recall exactly but I took it as being a bit of a softener in case these results are underwhelming when the 'whole bag' is taken into consideration. Maybe just reading too much into it.

unfortunately PM's are still on the decline, pog below 1700. That rebound needs to start building up some stored energy to make it a sizeable bounce.