Member Info for Ezhik

So, Does the 'BD' mean a standard design rig with a mast and a draworks etc? I am asking because I don't know--I'm not trying to be 'cleaver' or anything. It is just that I can only see B Robotics talking about their genesis type rigs and when you look at their website for current products etc, there is no mention of a BD type or a 260. I can find BQ 250, so I dunno. Maybe this rental rig is from old stock or a returned order from someone that had it on trial which could account for a different numbering system and would also account for the relatively quick delivery, so on the face of it, I am thinking that it will be hydralic rig, no draworks and willl set up in 2 days. It will also provide a good grounding for the crew to get used to the weird operating characteristic of it before they get the 500 delivered. As I say, 'dunno' really, there is very little info on B robotics rigs and I have yet to find anyone using them.

''I guess when this rented rig (BD---) arrives it will take 2-3 weeks to first setup''

Why would it take 2-3 weeks Zeb? Have you found a spec for it.--if so pls post a link. tks

SO1 Yeah, but it gives folk an opportunity to have a look at it and make their own mind up about something they may never have heard of, don't be a pr*k mate.

Correct, they need to hit the ground running though-- 4 weeks (probably covers a crew change with 2 weeks per crew) will go very quickly.

Mudstud I agree--get a conventional land rig capable of 4500m on hire, get the crew with it and agree to pay them washers until they get a result and then pay a whack of a bonus. All I can find on B Robotics is that Apache thought they were impressive--they haven't bought any. Hydro Drilling ( Italian Co) were supposed to have bought one and then go on to buy 5 more a couple of years ago but their current rig fleet doesn't include a B Robotics rig amongst them. They have a couple of 'drillmec' hydraulic rigs though. A company named ERG were supposed to be trialling one about 4 years ago in Turkey, I cant find anything more about the outcome. but--I haven't got hours and hours to spend researching so the story could be different. I might just ask them. So here we are, hanging on by our toenails and launching into the unknown with equipment unproven that nobody else is using. I wonder how much influence MP has had if any in this decision. I was hoping that the 260 would be our suck it and see opportunity before we committed to the other one. Gawd. delusions of grandeur somewhere due to the fact we have ''the largest onshore oilfield in Azerbaijan'' and therefore need to exercise our willies to show the world how clever we are by getting this contraption.

Hey Mudmeister What rig are we 'buying' at the moment? The Genesis is supposed to be on favourable lease terms last time I read into the relevant rns, This money is for the 'deposit' on the lease. i.e. if we send it back broken, we lose our deposit (or something like that) isn't it? we are not buying the bl**dy thing hopefully. Well not at least until it proves to be any good without breaking down or being temperamental--much like the Italian Automobile offerings. Including motocycles ---having had 3 Ducatis and a Gilera (just for A.J's amusement) This rig business worries the life out of me TBH. Is there anyone in the world that is actually using these 'robotics' rigs?

Yep, t'is why I never do it. In most cases it is possible to buy at or very near to the offer price in the open market and be able to let it go quickly if it moves in either direction. In this case, it looks like there is a possibility of it going lower unless there is at least some cheerful news some time soon.

but--you may be right :) 4 x buys lol

Can't really see what they are doing unless someone else on here recognises it. Some results news would be good afterwards.

Someone is confident to have a large investment. Price moved slightly already, bodes well for the future, that's it. They bought 500k on Friday price may move up a tiny bit, may not.

Go for it If we do, then I hope that the indo govt have relaxed their punitive gross %. Anything much more than 20-25% starts becoming too greedy as they do not have the risk /cost of development, production, or operating costs. 70% as mentioned on here some weeks ago is not realistic on either a gross or net basis. Word on the street is that their red tape is strangulating business and part of the problem of declining oil revenues. I don't have the details but the issues are probably easily researched for anyone that has the inclination to make the effort. When the deal was announced, it looked too good to be true and unless the govt offer some kind of development cost tax concession and be realistic on their % I hope we tell them to ram it. It's never as simple as getting 1000bbls a day for 6 million otherwise every Del boy and Rodney in the oil industry would be selling their grandmothers, mothers, aunties etc to raise the cash. One could buy them all back within 6 months at current prices, no siree there is more to it than meets the eye. See y'all tomorrow, it's time for my medication.

Let's see what Monday brings and whether Andrea is buying or we have an rns about Indonesia. Maybe it is time for me to sell those bits and pieces elsewhere and take advantage of this SP.---

ITN If you can---let us know the outcome. Best rgds

Thanks for the information. Will you be pursuing your case with LSE? Your informative posts are invaluable to us, it would be a loss to see no further input, I do look back on your posts from time to time as a reference to current news, new information and to map it across to what you have said in the past. If your posts have been tampered with then even more the pity.

Its the start of something new today New lunar calendar begins and its the time to stop fasting, break bread, put plans into action and achieve our goals. :) p.s good to see some positivity in posts. Have a good day all.

I tend to agree unless Andrea can pull of some deal with them on a JV with an option to acquire a larger stake in time. It could be that Azer will never produce for Zen and indo will be its saviour--who knows. So far the oil in place is illusive and its potential value is not reflected in the mcap. We are however, not in a position of financial or operational strength to be able to take the upper hand at the moment so unless the seller is a member of the same wine club as Andrea or something, we will be lucky to pull off a deal that suits us minions. A fund raise at the moment would be somewhere around 4.5 unless there is already a commitment from someone at a higher price based upon the average over the last 3 months. Bizarrely I told myself that the Sp was heading for 5p months ago--the ridiculous thing was to hang on to the shares- only myself to blame.

Eying sub 5p. If it gets to that stage, on the one hand it is a complete disaster and represents financial ruin. On the other, I would sell other shares where I have beer money only and go all in at Zen. Falling knife or good investment sense--time will tell. If its not below 5 I will stay put in case the other bits and pieces take off.

go to the stores and get one of those long waits And mind yourself down the mouse hole---managed to get my boot/foot stuck in there once.

M195 !! If it arrives, at the moment there doesnt appear to be any work for it does there. Team A, Team B and Team C haven't had a mention for a while Neither the CTU Neither the neutron Log But to be fair, we don't know what is going on behind the scenes to identify and revitalise some the other currently underperforming wells. We may get one of those off the wall surprises.

No impediment because they are only flowing back what was pumped in. There will be little/no flow of any formation water/oil through the fractures at this stage therefore unlikely to bring with it any debris. It is however good that there is no debris as a result of the fractures being formed Well head pressure drop is normal, how quickly it builds up again after being shut in ( in equilibrium) is important but irrelevant at this stage as the gas/oil has not become mobile. Once water is out, gas starts to rise and speeds up on the way up due to decreased well pressure (weight of rock above reduces as we get nearer the surface). Providing there remains a positive pressure at the well head, then there will be sufficient to maintain some kind of natural flow. Well pressures can be regulated by the use of chokes, decrease the choke size will increase the pressure, I guess that at the moment we are talking about open hole pressures with no choke involved. Tubing and N2 lift will increase the well pressure and if they are not using a choke already then they will test the flow at various choke sizes to give an optimum. It is all too early to tell, as per rns. Panic currently unjustified.