Member Info for Ezhik

Kels. It would make sense to do either based upon the obvious pressures and oilflow in that area providing the upper parts of the well are structurally sound for a sidetrack. I meant that in its current format, forget Z21.
They (Zen) will have to (should) get a lot more competent with the new rig before they go into a high pressure situation like Zardab though.

trypo, solly.

Good old Magnus. I spent a few years on there late 90's. there was major panic in 1999 December 31st as the millennium bug was about to cause it to implode lol. I was at there with everyone else in anticipation at midnight and absolutely nothing happened, what a ruse it was. I think we were doing about 70000 a day back then, it is still doing very well isn't it after all these years of production.

AQDT, slight correction there. W.R is H1 not Q1

"West Rustavi targeting combined gross production of 650 bopd from the proven Middle Eocene formation by the end of H1 2019."

However--there will be an update on 16a sometime end Feb/March (at a guess) and there will be news on Norio microbore success. News in abundance over the next few months.

Yes AJ, the effort and cost was ultimately not worth it, hence the about turn on strategy to forget the hundreds of underperforming wells and focus on a handful of fairly recent wells and drill new ones. It is really not the strategy upon which I invested but it is the strategy we are faced with. Those wells you mention and z21 z3 are history, they will not be included in the plan despite the various rns to the contrary. The reasons why you and I bought into the story along with kels, no longer exist.
Forget all of the wells they have intervened, forget the pumps...woft.. it is now only about the current well. Short term binary play that's it. Ignore rns messages, ignore presentations, just believe the sp.

SP didn't budge after a good run of buys, destroys my theory of volatility due to low number of shares in issue unless there is a sell on the go.
News on Norio must be due now. It's been loooong enough to test that pump.

Looks like it is on the other side( south) of c22, perhaps the geologicians have rated it higher. Also the previous fiddle around in c26 was unsuccessful. After a mega increase of 70 bbls from a previous zero, it returned to zero. Just a thought.

Are we mining as well now then?

Anyone owning up or is it Andrea buying

Blimey, you are being more pessimistic than I am with the timing. I mentioned May for the result on 37 and you are saying start drilling April/May lol. For goodness sake man have a heart.
It would be nice to know what happened on C26 and the reasons why we are not tackling it, also whatever happened to that logging they did on C37 or was it just a casing log with a set of callipers.
I was foolishly hoping that they might find some other oil bearing zone not previously spiked and then add that to the cleaned out well production but no such luck.
How did they decide to go for well 30? What is its story I wonder?

3 months from here before c 37 is completed. another two months at least for whatever number they pick out of the hat and the Sept before they start on a big new well mmmmm something to warrant a new round robin series of presentations.
I said months ago that they wouldn't hire a rig and I think that I posted May for c37. Why spend about a years current production income on renting when our own rig will be available within a few months ( few months is a backdated comment). AC strategy is to minimise cost....at all cost. This is contrary to most O&G minnows. Most raise cash, dilute, raise cash dilute, get involved in the death spiral Yorkville or similar finance and hope that they hit a gusher- see aaog, just raised money after saying they didn't need it and about to raise again saying they done need it. Lol. Not sure exactly what I am saying here, other than expect the unexpected with Zen, don't believe that what is said in an rns will ever materialise and just hope that on the balance if probability, they will achieve success somewhere. I have about 1.4million of these shares, most were bought at 10p, fact is, they had better have success otherwise I am screwed. 250/day (as mentioned by AC) at C37 and another similar figure at the next one by mid year and 10p should not be far off?

RH, it was c22 that allegedly produced 700 bbls. C37, was about 150.
There is no contracted rig after all as suspected.
Nothing really changed for the last 3 months, another month to go at least.

I mentioned the mapping progress idea a couple of weeks ago. maybe someone was listening.--one never known eh?
So, Turn left out of the plant, turn right through Slovenia and Croatia. cross both borders within 20 minutes (done it myself from Italy) race through Serbia as soon as they can and then relax a bit into Bulgaria. Long boring bit through Turkey and relax again when they get to Georgia. I will be happy when they are all across the border there. Then on to azer Easy peeazy lol. Lets hope they have a few brown envelopes to pay the man on the way. Hope to goodness they dont decide to drive through Ukraine instead.

A few more weeks and we'll be looking at another few P's on the price and the spread will be between a higher set of numbers.:)
Some selling is a positive in any case and lets others buy the dips. Small float here anyway, therefore SP will react fairly large in either direction on low volume. Ya have ta catch it at the right moment. Good week overall here and plenty coming down the pipe. Material news and a 30-50% day will help the 4p ers get out.

Hi mate, No, you would not be correct in stating that here is no oil in this well. -- it is the wrong statement.

Don't worry, neither can I find it again. I was listening early this morning, a young lady walked on at the end and told him that he has 1 minute to go. The presentation started with Andrea talking about saving costs and producing at $8 a barrel. Maybe it was an old video after all. I was sure that I just clicked onto a link from here, but that's not here either. Hmm, must keep taking the medication.

I think we will spend our time and some money presenting our case to various high net worth individuals via a specialist broker that aims to provide excellent value to their clients and then we are going to tell them that we don't want or need their money, thanks. Of course any greedy CEO is going to take money in cash if it is available. The company needs money even if it is to attempt to flow any of the oil bearing zones, it just depends on what price. There are a few pounds left in the kitty but it wont go far. Another raise at 10p would be lucky. 8p maybe. it doesn't matter does it, if everyone is so confident that they will get hundreds of barrels a day out of the well then it will all be good in the end, won't it?

The presentation is available on Pro active if anyone wants to listen. There were some errors.

Tomorrow, start of Feb, 3 more wells to microbore at Norio and TD reached at West Rustavi. Should be an interesting few weeks. Well 44 should have been tested with the pump install and maybe the remaining two zones microbored. News any time very soon. Hats off to the management here.

Well done for making the effort. I missed it, everyone gone at 3.00 pm. Was hoping to have a chat with Andrea. What did he say about this contracted rig? Out or nowt