Member Info for Ezhik

I posted a couple of weeks back that 16-2 needs a reliable water supply to dilute the salt and a gas export line to deal with the produced gas before meaningful testing can be completed. Just my view was that the company may decide that its economics on a risk/reward basis are not worth the expenditure on the basis that the salt isn't going away and although there are ways of dealing with it, there is no guarantee of success. The post was removed by the looks of it, so someone must have complained about such blasphemy. 36-2 is not yet fit for testing and requires repair. I also said that although I still have a heap of shares in a SIPP at 2p I was staying out of here with my ISA until there is confirmation that the well has been cemented, repaired, cleaned out and ready to test. There is 'stuff' to do which takes a while to work through thoroughly, safely and to try to get right before embarking on a test just to please the anxious PI's. In the meantime I put my trading pot elsewhere to work and intend to replace it here once some of the clouds have cleared.

Tsunami

Deano. I can answer that and the answer is no, its not that one and after a couple of rns notifications to say they were buying it, they didn't do it in the end, but never confirmed it by rns. TBH and despite the hype and hoorah announcements about buying the thing I was not not supportive of it so it was a lucky escape. The one they bought was a bit of a dinosaur though, second hand-ex demonstrator from a mate in Italy and then they bought cheap chinese equipment to support it and then-if you look it up-they forgot to order the 'top drive' which is essentially the motor that travels up and down the drilling mast and turns the drill pipe. The monster rig was used once I believe and then has been 'somewhere' at a port awaiting shipment to Congo---ahem. They have prob written off its value from the books by now and it will be relegated to the history books. The other little rig they bought and never really put to use has been sold--price currently unknown but should be in one of the financial statements, maybe under ZENA Drilling.

Lex, well done. Out of cash so not an option for me. Definitely not selling though. Flow results for CN in a matter of days which will inform the development plan. So far--so good.

Ref Tunisia: Has anyone here revisited the various rns messages about the various Tunisian 'deals' ? I lost the will to live with it yesterday and I am supposed to be at work, therefore time is limited. But, so far as I could establish, the deals between Zen Netherlands and Zen Africa were agreed between the seller and the Zen subsidiaries but they were all subject to agreement by Parliament or 'CCH' whoever they are and I could not find--(or maybe just ran out of time to search fully) any further mention of receipt of these approvals from the relevant authorities. Now. I accept that it may be there somewhere and I just haven't found them, and if the approvals were received by the Zen subsidiaries and rns'd then its good news. Otherwise, without the approvals, it could be why there has been no mention of any of the Tunisian assets for some time. I'm sure there is an expert here that will point out to the rns and paragraph if its there.

I stand corrected H.S. I never read that bit. I went straight into multiple completion mode. ATB

Oil strike, 3 zones, each likely to be in production within say 4 weeks +/- from today. Confidence from the company to commit to CN-2 immediately after CN-1 is producing. Can't fault the geology or the team. Just the country!.

@Lexion There's always a risk, but the potential reward here makes the risk worth taking-- CN if successful will open a whole new development opportunity and with it a further rerate. Not even very long to wait. T'other one, imv won't make the promised target date but hopefully not far out. They may get around it by saying they are 'ready' with the process plant etc but they will still have to open up the wells and still have to get the interfacing arrangements with the national gas Co agreed and operational--plus their install will need some sort of independent sign-off on quality and standards. It's a lot to ask for in just 6-7 weeks (I think). However, still looking at a potential 70-100% increase in SP for both AXL and over there by E.O.Y. give or take.

Well, at last a reasonable move today that should hopefully continue into next week.

Ajmalkhuram, you are correct.

Hi mate. Still alive mate, just about. Demo acct is OK, psychology is different with your own cash tho. If you can train your mind to think that the demo is for real then you're in with a chance. --I'm struggling to identify the difference between reality and fantasy most of the time these days !. Try not to get too bogged down with analysis matey, there are so many different 'indicators' you would never buy or sell a thing if you tried to take account of all of it. - unless you invest in a bot to do it for you. Take care bud

One would be forgiven for thinking it was 10% by looking at the SP reaction. Someone hurry up and remove the pesky warrants please.

Jiff. The ones on their website are dated 31/3.

Things to communicate: Annual report awaited. Has been reported every year on 31st March but not this year. They will blame the new auditor of course but the report if clear and comprehensive should answer whether there has been any income from Tunisia other than the amount paid from the first 'lifting'. They'll probably hide it amongst total income so no way of differentiating between Italian Gas or any other receivables.
Nevertheless, it seems to be a bit late--

Hey Photo. If you are thinking about trading FX pairs etc, I have used Cloudtrade which is part of TD365. I use it conjunction with a demo IG account that I use for drawing lines and colouring-in and then use Cloudtrade to place the deal. Easy to register and deposit a few bob into your trading bucket. Mine is just 2k, if I lose it then I won't replenish it. For me its enough to get into enough doodah if you go and put say £2 a point on nasdaq or Gold which equates to 10 points to the dollar x £2, so every dollar is £20 up or down. Made 900 on a gold trade few weeks ago over 2 days but I should have let it run, would be £4 k up now. My initial £2k is now about £2.75k after a couple of less successful forays. p.s you will need a different mindset to that required for investing in TXP--no emotion or interest in the thing you are trading, just the trend and the momentum in real time. I don't worry about all of the fancy indicators, fibonnacci works out from time to time though and gives me a starter for 10. It's probably self defining to some extent and you'll probably find say 3 out of 5 trend reversals follow fib to a near-enough extent so as to give it some credibility. ATB and good luck.
Apols to others n that but I find it something to do whilst the paint dries on the pipe support framework out in Trinidad.

Can't you just buy them all up? or hack into the shares register and delete the lot? :)

Not sure about big fish but I'm sure there are a few sharks circling the boards.

Ready to Spud into what could be 1000+bbls to Arrow and the Sp is doing nothing. The company says what it does and does what it says which is way more than most small caps but the market isnt convinced. End of May should see the RCE wells settled down to steady state production and the results from the first C N well announced. If that doesnt affect the SP in a positive way it'll be time to move on.

Thanks for that Suedee. Casc C preparation is quite a project in its own right and should be recognised as such. Should be about ready to drill by end of July more or less. Pad finished and rig moved with testing recommencing at Royston by end of the Month.

No. Paul 1 has been invested here for years, no question about it.