Member Info for Ezhik

Under the right terms and conditions, a new license from SNPC and a clean slate over outstanding disputes and riddance of the ISA, the right deal here could be highly beneficial.
Financing aside, the early indications from the 103well were very encouraging. The depth/capacity/ability of SMP rig left the bottom hole unstable. The real reasons are unknown and it could of course be the formation as opposed to rig issues. However, I mentioned on the aaog board at the time the problems started that they should just bite the bullet and sidetrack the issues but they felled about with multiple pseudo cpr reports and then got into argument with the rig provider etc and almost no further ops progress made for more than half a year. It is of course a high risk, but the high quality oil with no water content is a nice carrot.
Anyhow, Zen have walked away from other deals that proved to be not the right deal, so we shall see. Aaog may just get their day in court and recover the costs from the drillers, receive payment from the govt and be granted a new license for free. One every never knows.

S.V, I recently mentioned some of the information issues to AC with regards to the wording of rns' and the lack of closure of previous Rns information. E.g. November we were told wells had been identified for additional perforation and we would be informed after 10 days, but there was no follow up, good, bad or indifferent. I explained that bad news is better than nothing as not completing on rns' d information creates distrust. There was a lot more in my message along a similar theme. I did get an almost immediate reply to what was quite a long message which goes some way towards respect and courtesy towards a disgruntled shareholder. I am thinking about offering my services as correspondent in rns and media coverage, I am sure that I could not do a worse job than the current arrangements. Obviously his recent purchase is still a show of faith in the prospect for future improvement in SP...one day. We shall see what updates or information we get over the next few trading days.

Present is still to come. Sleigh needs a few extra parts but it's coming.

Is the rig still set up on site? All good news today, sounds like a potential 2-3 months wait for much happening.

I'm with you on that one, 51 next, early next year..may even be before they announce well test results on 38.

'Tks.

Syed
With whom did you manage to buy.? The first price I could get was 22 p which for now seems to be the limit.

can be done with a wireline unit. They would need some sort of mast such as the mobile rig or maybe a crane. Just an option, Obviously I don't know how they will do it in reality, but it's not a major op.

Reads to me that C37 is not producing, bridge plug will be installed, "stabilised future production" means not producing at the moment, the use of the term"will be", " will enhance" and words to that effect could be reworded as " we hope that after doing some down hole work the well will produce at a stabilised rate, we hope it will be xyz barrels a day.
Magtalo, I need more than 100k for my Christmas present.
The implications in the note about C30 make it sound as though they are nearly there, but dont forget, the expression "start drilling operations" does not mean that they will be starting drilling, it means they will be getting ready to start drilling which tbh is what they should have been doing anyway. No news on 247. Rns was however at least an update of sorts and the market reacted accordingly.

Maybe it is a 90 day test. I don't recall the company confirming how long the test would be run.

Ageos, I read it as the registration of a new company Zenith energy Norway.as, as being the cheaper alternative to the acquisition and not a different acquisition that has still to be announced. Personally, I am surprised that the SP went down today as in my view, the company have relinquished the risk/cost/liability in the form of Nordic and their zero value assets to achieve the same result with no ongoing overheads or liabilities to cover by setting up Zenith Norway. Christmas present here only needs to be news that c37 continues to produce oil and c30 well deepening has already reached target and will be put on production imminently, the combined production figures for Zenith Energy is currently 1200 bbls of oil and boe. However, it does rather sound as though Andrea is going Christmas shopping instead of developing/hiring competence in the ground crew.

Zeb. Its true that the ZJ40 was used but for the depths required by Zen, it would be beyond the capacity/on the limit/ a bit risky.--just.
Anything over 4000m would be more than the poor thing could manage unless they were using a very small diameter lightweight DP which they are not.

Yes indeed S7, thanks for the posts, not that I can assemble the information to decide whether it is good decision or not, but I guess if I read it a few times and make some notes I may be able to work out what it means lol. Bear...your wishes have been answered today I see, thanks to Ageos for input as usual.

Thanks bud, I look in every day but have been struggling to say anything remotely positive and had reached the cannot be arsed stage. Still can't say that I am overjoyed with the direction of travel.

Morning chaps, still here just about. Quietly hoping that the reason behind the radio silence on C30 is that they are taking a leap of faith and taking a chance on a directional drill. C30 being up dip from c37 by around 100m they could kick off from the vertical and follow the middle Eocene structure down towards c37 which is 500 m away. I don't suppose they will go for it, but if they are then it may be the reason for the lack of updates. They would need some additional equipment and a redesign to get it done, but success could equate to the illusive 500-1000 bbls to recover some of the decline. Other shenanigans with deals are suggesting to me that they have realised Azer is too difficult and they remain unable to make it successful, hence the ' hedging tactics' from other sources of revenue. Christmas present mentioned also sounds like another purchase as opposed to actually getting more,production from the ground. It's easy to spend money when it's someone else's. Still not impressed ..at all.

The results from further test, but on the face of it, the rns was downbeat and the preliminary result doesn't sound good. However, on a more cheery note, well 13/23b-5z managed to test at 2750 com a 5ft interval in cap'n sands.

Yep. I was just trying to help people to get an idea of the scale of what needs to happen.

https://www.youtube.com/watch?v=r2CkhWux7jE

Was just asking as the last rns doesn't make it clear as to when it will/has started. Not started then there is no time line to even think about. They use words such as 'coming weeks' and 'as soon as is possible'. Just asking so that I can get a handle on the drift in SP and for how long it might go -on and whether to buy more or wait blah blah etc etc. Surely someone knows whether the flow test has begun?

Well, someone broke the red trend with a 300000 buy, thank you that person.
R.H I have already asked Zen those questions. Not via AC but via the info correspondence route. I am not expecting a reply but if there is anything I will post it.