Member Info for Florida

Your right TBY his second name must be surprise. He certainly has a knack of pulling the rabbit out of the hat unexpectedly and very difficult to imagine what's next. We can expect the upgraded BCRA credit rating and 2p reserve update in the next 5 weeks and I suppose an update on our rigs progress and preparations for the Robbana drilling. Negotiations forthcoming, currently 12 in Nigeria with minimum barrels per day of 3,000 looks very promising. Of course we can only comment on the negotiations that are public, much I presume going on under the counter. Enough here to think about without SLK, El Bibane and Tilapia, happy days for us all me thinks.

You do sometimes make some half decent posts, unfortunately you spoil the fun with your Pompous Dickamas attitude.
It seems acceptable for the company to make an estimated guess but in your weird and wonderful world no one else can. Do your self a favour and get off your high horse.

On a more savoury note. This is not for your eye's or ears AGEOS, don't want you getting upset do we. I assume when our A-80 workover rig enters the country Ezzaouia will be first on the list. I remember AC saying something about customs duty being an issue that would prevent our workover rig being the first on site. Would be nice to hear if he's already on top of that problem.

What would be the estimated oil recovery with a full workover?

Conference call just ended. So, we are going to get a BCRA credit re-rate within the next 6 weeks and 2p reserve update soon with Nigeria very much back on the cards. In fact looks highly encouraging for a deal with a minimum of 3,000 BOE per day, anywhere up to 23,000 BOE per day in the very near future. Estimated future value 10 to 15 times it's present value.

Not to mention the $5.1m court case that they are more than likely to win, or the West African deal for 4,000 - 12,000 BOE per day. Also the fact that EBITDA breakeven may have already been broken with the $4.5m.

When our true reserve worth is recognised this present price will be dust. Expecting the Canadian assessors new 2P reserve evaluation anytime soon, now very much overdue.

Taverham - there is no track record. Everything that exists within the company today never existed 2 years ago. It's a completely new enterprise with everything to play for. This recent announcement was quite a surprise and just the begining of what will turn out to be Eldorado. GLA DYOR

The gas master plan should be interesting.

I have many thoughts on this, but I'm going to save the best for later. I will say however, there is nothing whatsoever wrong with this RNS this morning though some would have us think otherwise. We were in fact on the verge of losing our 25% stake on the 30th June and have now aligned with CNPC for expiry in October. Significant timing in my view because the drilling activities on Robbana would by then have ended, showing the Tunisian Ministry our technical ability leading to approval. Continuously bashing the CEO for absolutely no reason leads me to suspect there are those that are deliberately attempting to force AC to withdraw from the UK main market. Trading is now none existent and I cannot see a legitimate reason to bare the costs of membership into the UK market for no return benefit. If it was me I would definitely withdraw. So if you think it's a good idea to join the Norwegian threads over in Oslo, building interest over their, strengthening their market at the expense of ours, go ahead. Lets see how easy it is trying to sell Ltd company stock outside the market (good luck with that). I would suggest you simply carry on moaning.

Nice connection with Mr Bouleymen and Eni.

It's too quiet. Something brewing, could be with Eni.

Oil price $72 WTI

And there you have it, the crazy few who refuse to use equipment left by the previous owners in case it belongs to someone else. I've heard it all now. The rot has melded the virtual into reality and minds become obscurely corrupted. It's now a fact, the bewildered left have most certainly taken over. Were doomed, doomed I say, God help us all.

Gosia - I'm concerned that you have quite clearly bought into a company, an oil company, without knowing or approximating the value/quantity of the product it produces. This is not a criticism, it's merely an observation. People buy goods and services purely on spec without delving into product credentials all the time. For instance, the amount of people who spend hundreds of thousands of pounds buying properties in auctions without a survey is quite astonishing. However, it is prudent to at least know the value of the oil owned by Zenith seeing that oil is the main product that the company deals with, imv. As far as I am aware our current final results show only 11 million barrels of potential, and it is the forthcoming final results that we await for a full update of all our assets, recently purchased and otherwise. This is important because the market establishes a capitalisation of a company based upon a number of factors, one of which is 2p oil reserves. The new engineers report will undoubtedly include many of the recently owned producing assets value, not potential and incorporate them into the final results. I am expecting a significant price increase due to this inclusion.

Can you hear the thunder of the ground beneath your feet as leviathan approaches. Canadian engineers report very soon.

Gosia - I agree totally, very unlikely to follow the Nigerian route now. With the oil price beginning to firm up around the $69 mark WTI, a few more trades could tick us up another 6% today.

TYB - you missed the point. Getting Tilapia over the line to production will take 6 months. The West African deal is an already producing asset that may or may not need a minor tweak. Either way it's going to be immediate money in our pocket.

TYB - we should forget Nigeria completely, it's now more of a hinderance than a help. Far more important things to think about. For him to say "The West African deal is a company changing deal over and above Tilapia" means exactly that. The West African deal would alleviate any pressure from waiting for the Tilapia licence and would immediately sky rocket the share price. Tilapia will come, there is no doubt. However, with the West African deal in our pocket Tilapia would have a far sweeter taste.

AC gave the distinct impression he was not happy with the circumstances of the bid round and suggested there might be alternative better opportunities with the connections he had made with other local companies. In view of the potential West African deal looming his attention would have been drawn to that rather than an unrealistic venture in Nigeria imv.

It will be too late Wraith. Other news coming before Tilapia.

Good luck to all those who invest in Zephyr Energy. With all the news about to hit, I know where my money is best placed.