Member Info for Ezhik

Thanks to Greg Mason post.

Yesterday--only a tiny amount though.

Oh well, the buyers were obviously followed closely by the sellers which appear to have the edge at the moment. Topped up again today, should'a waited.

Bought a tiny amount (second time around) last week 10.5 for my wife's isa. She will be happy with the current rise after just 1 week. This will take years to develop but the journey might be interesting. Already traded once from 11.5 on the first rise. Keep it up and good luck to all Palmerians. Interestingly there was a 'boys' school in Grays, Essex named Palmers, old boys from the school are called old Palmerians. just thought I would say--useless information that it is. Sorry n that. Off to play with my crayons now.

Buyers arriving.
Basrite. Tks for reminding me about the 6th Nov rns, I had read it briefly and forgotten. Initial feedback from there should be heading our way any time soon.
Will be happy when looking back on 4p, average just above 4. Hopefully this week. GLA

Rubbish Grades again then !. many aim tiddlers would be ecstatic with 0.5g/t over 18m. PUR has what was it again? 5.2g/t over 18m and a top grade of 50g/t.
And----they have only just started !.

Has drilling started at Houdini? Presumption is perhaps yes as the ann at end of Oct said it would start soon. Initial results from Clips, only took about a week, therefore assuming that drilling started say mid Nov and they are using the same route to analysis results should be out, say Monday at 07.01.

Well Florida, we can only see what next week brings. Approvals are allegedly signed therefore companies should have been informed. I believe the next stage would be to negotiate lease arrangements.
It could of course be that the financial and technical partnership is merely as a financial broker and deal maker for the Nigerian Partner as opposed to a physical supply of funds--which would sort of make sense. The % share to Zen can be a maximum of 49% but if the arrangements is just as a money broker and technical advisor they may end up with a smaller share. I guess the concern is too may buses arriving at the same time, all going to unknown places and not enough cash to find out where they are all going--as opposed to the whole thing being a wasted exercise. At least -at the worst-- AC can say that he participated.

Zen are participating as technical and financial partner to undisclosed Nigerian registered company. Not sure where Zenith will obtain any such finance with a 4m mcap without a bit of a windfall or fund raising----I did say anything is possible though. The costs for participating in the process is around $100k from what I understand, costs include application, registration, processing, pry data, competent persons report. there may then be a signature bonus. If/When the official list of successful indigenous Nigerian oil companies are announced, there will no doubt be legal fees to consider, at least with the 'partnership arrangement' and maybe some other currently undisclosed costs--. Fields have been/are in general currently dormant and will need finance to even scratch out the old well pads. Zen do have a workover rig to utilise at last if their partner is successful but whatever field(s) are allocated, a million or two will be needed to get any meaningful work completed.

And...not taking into account any of the identified 21 additional targets. With potentially 2 rigs operating next year, debt paid and two walls of cash coming in Coho/Casc we could be looking at drilling another 6-10 wells 2021 and same again 2022.--(just musing with no substance to this by the way). SP ? a bit more than the new broker target.

Get up in the morning, slaving for bread, sir
So that every mouth can be fed
Poor me, Eurasianite.
Shirt them a-tear up, trousers are gone
I don't want to end up like Bonnie and Clyde-
Poor me, Earansianite
Your avatar reminded me of dat ol toon by Desmond Decker. :) Still taking the tablets, due about now actually.

MT>
For your viewing.
Others--apols for the O/T
https://www.youtube.com/watch?v=Uye8cf2qrSM&feature=emb_logo.

Couldn't be better then. P.B with excitement about what we have found, SP doing well and the lovely Katie smiling enigmatically at the camera.
Might have to try and copy the podcast and save it for posterity.

I doubt that Zen are in the right ballpark for any of these fields. Govt would be looking for significant financial ability in addition to the award costs. 50million plus. Zen would struggle to cover the costs of just making the application at the moment. Anything is possible though.

Sells at 109p were from 2nd Dec and just shown up this morning.
People always sell on news
Some think they can sell and buy back cheaper in a week or two
Some think they can make more money elsewhere in the short term
Some that bought at 12p have made what they consider to be enough profit
Some are taking their profits or taking their stake out and leaving the profits to run as free shares
Some need to pay for the Christmas Turkey
The list of why people sell is endless.
I sold the other day when there was panic about ngc and then bought them all back again an hour later for a tad less than I sold them for.

Jorgen. I am also expecting further rises the next week once the market and the pundits get to grips with the fact that this is the most successful well so far. £1bn company in 12m.
In fact the SP has risen whilst I type !.

Bring on the pie

prolly means vishus. innit.

There can be no comparison with ggp. different type of mine. Alba digging little holes with a bucket and spade within an existing and well established artisan mine.

Rickierich. My comment was in no way 'deramping' neither did it have any other ulterior motive other than to suggest you read the last 12m news about the company you are either invested in or thinking about investing in and then work out why your post was entirely the wrong question to ask. The likelihood of any drilling happening in the next 6m is quite small, tiny but possible. You may have gleaned from the other posts that the next piece of news to which I alluded was the obtaining and completion of a license acquisition and nothing to do with drilling. Currently none of the pending 'deals' are over the line, some are probably more than others but unless they have somewhere to drill, there wont be any drilling-- simples. If/when they manage to close any of these deals which will then open the door for some field work, they will still be a long long way off from drilling anything, hence my 6m comment, however, closing a deal will have a material effect on the share price, therefore if your question was 'when is the SP likely to increase?' you may have got a different answer =i.e. If/when they finalise one of the acquisitions then there is likely to be a bit of excitement and depending upon which deal it is, the SP will react accordingly. And then when that happens, take any profits you have made and think about what the next piece of news might be. Currently, the only asset they own is in Italy and it chucks out some gas and some associated condensate for which they get a bit of cash. No drilling planned for Italy. If the Tunisia deal is approved then the production from there will be payable to Zenith from the date they struck the deal which I think was about April 20. Its not complete and therefore they don't officially 'own' the license because it is waiting approval and so far as I know, they cannot monetise the production until approval but if they get it then they will receive the back log of production apportioned to them relevant to their share of the licence. It is therefore something of a waiting game and a decision that you would need to make as to whether you believe that any of the deals will complete and thus whether there is likely to be any drilling.