Member Info for Ezhik

It was the excitement of seeing blue!. I didn't look at the spread which was over 10% and wins had yet to post their prices. C'est la vie. ATB. S7.

Ignore that.

Would be good to open up and stay there. Well timed top ups yesterday at 6.5 if this proves to be the case.

Buys are all in red, you could be right about the seller.

I have some at a similar price. Lol. I did however manage to get in before the 300 % rise a year earlier. Not averaging down though. Will just wait n see.

New land workover rig should be nearing completion. This will give a bit more power and capacity to help with the loading associated with these deep wells. It will still be a 'flat pack' unfold from the back of a lorry with limitations and therefore not comparable to an offshore drilling rig which is where I come from albeit 20years ago. Personally, I hope that z21 produces at ' an acceptable level' so as not to go for the depening of the well, otherwise we will be looking at September for a result. I would be getting A3 well site ready, roadway in and getting the lid off asap. CTU clean up on it to see whether there is any value in stripping it out a.k.a. Z21. Anyhow, back to my lunch on the terrace over.looking the sea.

There is plenty to go for in Azer in any case, dont forget, that there appears to be a new structure spanning across two fields that needs a closer look. Zardab has been my prime interest since the beginning due to the relatively low historical exploration and production completed to date. I would agree that the concept of a producing field in indo with shallower easier to drill and re-work wells is an attractive idea and would give us an early income boost, but if the company is not ready, or the deal is not as it would appear then more time is the prudent decision and then walk away if it doesn't stack up. Now where's that tubing tweet guys?

Sorry, txp at 15p not 14 as posted

As a comparison txp are producing 1600 ish per day, $9m debt, current drilling campaign ongoing with shallower wells than Z, and eyeing 2000/day soon. Netback to txp around $33 at $68/bbl. mcap just under $20m sp, 14p, shares in issue 130 million. All the above approximate from memory, read their rns this am. If we buy indonesia on a debt basis, then we should also be at around 15p as a minimum if logic plays any part no? Oil price at 75 gives better than $33 netback to us, therefore 20p is more realistic, 15p this year would however be very welcome I have to say.

Ok ok ok.

Cheers Mudstud. Pooh eh.? Let's hope they have managed to bring something out. It is a long trip with that rig. Probably a couple of days. Tweet tomorrow hopefully. Just seen blooming web go nuts. Saw it at plus 60% and decided it may be a p&d, but clearly not. Ffs.

Fishing by the looks. No fanfare yet. Finggers n taes crossed.

We must break the high of the day by close. 22.5 would be good.

Cheers FK, would be excellent to see it by August. At this rate we shall all be retired before that pound party arrives lol. ATB

We are almost back to where we were a couple of weeks ago, support from the mail and the rns have managed to renew confidence, but we still have 4-6 weeks to wait until the next deadline has been surpassed. Hopefully this time, it will come with the all important certification. Relief to see the losses recovered today. Will be nice to see some income announcements from the sales orders in the near future. As the man says, good luck all.

Mr Kums. Hi, could you explain the net pay to TXP calculation please? Or tidd if you are watching, maybe you can s'plain it. I am not sure what % goes to txp or how to calc net income per barrel. Are they only getting around $20? Thanks.

Morning all. Not posted here for a while. When, realistically do we think that the licence will become approved? Earliest application is July, after beurocracy and palm greasing etc, how long? End of year?, within a few weeks? I realise that with Casp, it could be anything from 1 - 52 weeks, but best guess?

Would give us about $4.9M at 300/day using $18 lift cost and 20% to SOCAR, and if z21 comes in at 500/day, it would give another $8M, giving $13M total.

Good to rid the company of you know whom. I was invested some years ago at the heady prices into double digit pennies until I heard a pod cast by Williams. I sold as soon as possible at a small loss, didn't like or trust him in an instant. Company can now transform, maybe rename at some point, long journey ahead but light at the end. Best to all.

I should have thought that after the insight and huge potential for Zen as described in the post from ITN this morning, we should be at 15p, not going backwards !!