Member Info for Ezhik

Mls. They will need to raise cash--end of story. Either for 'current operational expenses' or 'to complete further DD on a potential acquisition' or indeed to set up camp and start to scratch the dirt in said acquisition. If AC is gambling on getting a windfall from his legal claims to pave the way for the future then the odds are probably against it happening, certainly in the foreseeable future so it would be the begging bowl held out to those that remain happy to part with cash. Cash required could be a few million if they intend to actually conduct any well activities which would be a burden on the issued share capital, maybe up to 50% dilution. The 'new' shares would most likely be below the current SP, closer to 2p. Now that I have posted this attempt a reverse psychology--with good luck and fingers crossed etc you will all receive an S.P boost from the acquisition announcement next week and a huge Christmas pressie from Tunisia. I have just grown a Santa beard and have started to sprinkle the fairy dust and kindly wishes to all so you never know.

Chain. An interpretation of what was meant: Wells will go into production mid November and take approx 2 weeks to clean up, Then after 30 days of stable production figures without drill fluids and other sh*te, they will announce final prod figures.

Although, if that is/was the case, they didn't explain it too well at the time. Bankers !!

Exodus doesnt look good here now. Maybe insurers are not covering the new drill costs and a fund raise is being organised or Slawson really are only producing a few hundred bbl's in total. Looks like some negative news is incoming.

Rig Contract, successful drill, cased and ready for testing will be the catalyst March/April, the other 'stuff' won't make a lot of difference to the SP--unless Slawson provides some unexpectedly stunning figures. S.P. is Almost at the price at which I first bought in at what feels like 100years ago and never thought I would see again. Should have gone for that Maroon Zodiac with the Cream leather instead, this Zephyr seems to have trouble sticking to the road.

They are doing what they said, installing the pump, getting the well cleaned up and when they reach a steady state of production will let us know--I'm expecting that to be end of Jan maybe Feb. Those expecting the news in November either can't read or are unable/not willing to understand.

Oil will be flowing at different rates every day so there is no point the company saying they have got 50bbls a day today, 75 yesterday, 32 the day before as all it would do is create more rope from which to hang themselves. Better to wait until they have a couple of weeks of steady production at whatever rate that may be and then announce it.

Deano. Excellent timing today matey. The only thing that has brought a smile to my face for a while, so thanks for that. It usually happens to mls after reaching the end of his tether and posting something out of frustration, some potentially good news often arrives. Hopefully any agreement made this time around be without caveats or being subject to some signature from a local authority scammer erm bureaucrat. G.L.

W.N. Have to agree with you on that one. 10% swings may be just about worth it if the spread is around 3-4% otherwise no point at all. Price is dropping for other reasons, not at all happy about it.

I made it a 40p SP at least so not far off in my estimate. Its true that all O&G stocks are currently fooked.

If you've got a classic car- same story, virtually not saleable unless you give them away.

Yep. Most small O&G companies would be creaming themselves over such a brilliant performance this year. Incredibly low valuation now.

That news went down well then. There must be something else behind this latest dalliance. Why would the national oil company be interested in financial and technical advice about tank building from Zenith Energy whom have no expertise in that industry at all.

Gawd. I'm in the middle of building a £500m LNG storage tank and associated process equipment and pipework!. I'll give AC a shout. Wonder where he is getting his technical knowledge from?.

At best, if there is any news it will only confirm that the rod pump has been installed and that any oil produced will be sold commercially. The amount of oil in the liquids produced will vary day/day so they probably wont be able to give oil production figures. it'll be a Damned if they do and damned if they don't situation. They might surprise me though, but if we don't get a 'proper' figure until Feb I wouldn't be surprised.

P1D. USA? I can't see that the 3 offerings are worth the hassle tbh and they may/ may not come with unwanted liabilities--I say 'may' as I don't know. There is a move in the U.S. to hold owners responsible for the plug, abandon and removal of orphaned and non producing wells as they continue to pollute and emit various gases into the atmosphere. The buyer of a previously producing field with these types of non-producer wells present becomes responsible for the cost of their remediation, so they not only produce nothing but will cost 10's thousands to get rid of them. Some organisations are making themselves bankrupt and shutting up shop so as to avoid these costs, therefore Zen need to be sure that the risk/reward benefits outweigh the liabilities and they are not buying a huge problem. --it may of course not apply to the locations under consideration, just saying they need to watch out for it. In any case, AC is busy with taking over rbd and getting the permit on Calle Santo, a bit of self preservation perhaps. As you say, a couple of weeks grace for some kind of announcement should arrive.

Not yet Deano.

Concrete cures under water.

Wet season doesnt always mean that it will be unmanageable.

Company seem to be pressing on with the best option available at the time-if they have to abandon the plan then it's not for the want of giving it a go.

Precise timescales do not exist in drilling--anywhere in the world.

JR. I see that you are sounding a bit like me these days...Hyping expectations and timelines has the opposite effect to what the posters believe they are achieving--trouble is, they haven't got the wits to work it out .

Anyhow--they got their rns.

It was a Turner Pope report about the AIM market reaching a support level and they anticipate a 40% upturn in the first half of next year. I read it on Zphr and thought might bring some cheer to your Zen board. You'll find on Zphr last couple of days. It's nothing important but was just saying I hope they are right. ...and i know this is not aim but is treated as such. That's all..atb

Deano. No idea why it came out like that, I copied it from the webpage I was reading. If you want to look it up, it is on the ZPHR board--it won't be too far back as there's not a lot of chat on there at the moment. ATB

Large volume early doors trades suggest that news may well be afoot.

Https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/e2f8e319-ddf8-24a9-2cb1-534d2f6b5d0a/AIMOutlook2024__Research_Update__20_11_23__FINAL_BGv6.pdf.

Yep, I know, but tiddlers in other markets are no different to those in AIM.

Hopefully T.P. will be proven correct.