Member Info for Ezhik

Capn, from past comms, bloe have shouted any good news from the rooftops and as they continue to tweet information of a general nature relating to Georgia etc, it would point towards no newsworthy info from16az to get exited about. Nobody other than the company actually knows wtf is going on here. A market update, warts n all, needs to be forthcoming as what happens at 16az is, as we have been told many times 'analogous' to 38 and will enable folk with hard earned cash to make more informed decisions about what to do with said cash. I jumped out after the last rns having bought back in a couple of days before at 10.4. I could see 7p written all over it and took a hit at 9p. I would like to be buying back, but not until some clarity on the well condition and performance is forthcoming. Saying that they are fiddling with the choke and increasing flow is not quite enough, some metrics need to be added. By how much and from what baseline and where is the production figure now. How much oil is in the tank would also be useful info. Anyhow, keeping watch for abuy back point...will probably miss it.

Despite the statements about beginning of well deepening start dates, in reality, that day was today. Everything else was noise and preparations, therefore I would suggest 4-5 weeks starts now. The initial stage will be potentially straight into a production zone, progress will be slow as they are poking around in the unknown to a certain extent and will have to get accustomed to the nuances of the equipment at the same time. I would expect progress to speed up after the first week and then slow right down at the point that they start cutting into the Cretaceous. If they have to pull out and run back in a couple of times to change that drill bit then it all takes time. We are at least under way and approaching the first hurdle.

Going in reverse, weird that people would sell now when there will be frequent updates, maybe even this week for the first piece of good drill news.

Drill till they get to the end...wherever that may be and test the bottom section first if there is anything to test. Some nice shiny rainbow coloured returns to the shakers would be good over the next day or two, then a wait for a week or so and then more oily returns for the next week, then downhole logging and head scratching, then casing if it is worth it, then cement, then another log probably, then poke holes in the casing into the formation and try to get some sort of flow out of it. End of Sept at a guess. They could take the rig down before then and start moving it to C 30. Just a guess, have been wildly incorrect with predicting Zen in the past.

Well done, I knew you could do it yesterday when I mentioned the big start button. Now all you have to do is find the stop button in a couple of weeks. Don't forget the brake. Not much time to look in today so keep the pumps running and some weight on that bit. You are sneaky though, coz if you are already drilling, you were running in yesterday and never said owt. ATB all

I meant AJ as posted. :). Just press the button, big one that says 'Start'.

See yesterdays post lol.

A.J, come on man, get the top drive spinning and this SP up to 7p.

Starting to look like a bargain for long term investors here. Never expected this to go below 200 I have to say. Wish I had 200k to invest and enjoy the divis and a return to capital growth after all of the sword fighting between Trump and China has blown over

LB thanks for posting--saves us lazy beggers looking it up.
I think that it was a good political move to have P.D on the interview block so as to give a different perspective to the Cheshire cat approach. Seems like they are having some challenges with the overall completion if on reads between the lines--early part of the interview-- and one would expect a few improvements to the strategy on W38 and further improvements as the overall project develops. Interesting that the rig will be set up with start of drilling somewhere around the end of the month which is not long to wait and then around 6 weeks ish for the drilling to be complete ( 6 weeks is just an approximate). In the meantime the tanks are filling in advance of a spot price sale of 50k barrels around the start of drilling W38.
3 more wells after 38? more or less back to back, therefore enough interest to keep people chatting.

And anyone else that buys in at these bargain prices should do very nicely.

EA playing ball. Strategic importance here for the UK as I have said before.

Below 3 again, little rise didn't last but it shows how quickly the SP can move in either direction. Confirmation of making hole required with updates in quick succession.

I wonder how they are getting on with the tea making and viscosity checks. Hopefully that guy with the plastic jug has finished running in and out of his little test unit. Next thing to get it circulating in the hole through the pipe and back to the pits just in case there is some Sh*te down there to drag up. One day there will be a screeching and a whining noise whilst that drill bit gets chewed to pieces trying to cut through that Cretaceous cap. It may even be this month, but then again...

That's because its not sensational. Its just a confirmation of what is already known. Gas is not being tested, conventional oil is being tested, need to wait a couple of months for the official line on it unless updates are given or tankers are queuing at the gate to ferry the oil away for sale. Some peeps selling up because they believe they will be able to buy in cheaper in a month, others holding tight because they believe that the price wont retrace much and the risk isn't worth it. Either one or possibly-both views may be correct, but sensational ….nope.

By Comparison, Block 30million, Zen 11milliion. same current production more or less, except zen flows through existing metered infrastructure or into refurbished oil storage tanks, Zen has bigger and better assets and a shiny rig owned by the company. Folk are upset at bloe due to the fall from 40million. Bargain prices here.

Try harder. I just managed it

-" Paul told us the plan is to get all 3 wells up and producing by the end of this year. This again looks very unlikely given we are already into August. If 16a takes 3 months to clean which brings us to November at the earliest, what about the other wells?"

My take; This could still be possible as 38 is the second of the three and well bore clean up and some logging work is under way. This little workover rig can pull off once the well has be made ready and toddle off onto well number 3 ( I don't know its number). Whilst it is doing clean up there, the ZJ rig can be drilling 38, 6 weeks later it can go across to well 3 and drill that one. Production can be achieved from the next two by year end IMV. That's of course if the field hasn't run dry by then or Russia hasn't invaded.

Cheers AJ. You are doing OK elsewhere, well done etc. ARB had a few good days recently, maybe I will read up on them again. Annoyed about ECO, came across it a few months ago and convinced myself I would remember to keep an eye on it but too much stress going on just now and forgot. Was hoping Zen would have been at 5p or so by now with drilling just about finished and they are sill stirring the tea.
KB, Yep, little chance, especially as the drill site will be dependant upon the results here and C30.

LOL. Yes Jonesy, I mentioned that it reminded me of Steptoe and Sons over there with that workover scrapheap challenge arrangement. This set up at Zen is huge, enormous and shiny new--very impressive--lets hope it all works as a unit. The whole thing is like using a steam hammer to whack a picture hook into a plasterboard partition though. Frustrating as it is, all shiny new stuff needs careful attention and bedding in over time. In our case the whole lot is new and progress is slow especially as its first job is a short drilling section and should be eaten up within a few days from the kickoff. (pea currently missing from the whistle). In theory, the next outing for this little princess will be a more speedy affair which should gradually improve and become slicker each time, so by the time my grandchildren (not born yet) are retiring, they may have it running like clockwork. Or maybe they will get it cracked within 12months if we are lucky.
Pity no drilling yet-was almost hopeful.
ECO have got some great news today.

Blimey. I had forgotten about ECO. Particularly annoyed because my old Employer-Stena Drilling was on the job and I recall thinking to myself that I must keep an eye on things here but forgot. They are, or certainly were a great drilling company.
Multiple well sites to prove up under similar geo circumstances. Sounds proper like. Nice one-