Member Info for FullyEnergized

Thinking of topping up at current levels.....

In the RNS from April 30 they did not state that an update will be announced after the clean up is finished. They stated after clean up an extensive well test program will be conducted.

Nevertheless an update might come any day now!

Just a question:
Can I assume that the hole IW#2 is now in a kind of shut in modus?
I mean could it be that 88E might open the well again after several months now and it might surprise us positively?
Thanks in advance!

On 9th of May AC bought another parcel of 150k shares!

https://www.canadianinsider.com/node/7?menu_tickersearch=ZEE+%7C+Zenith+Energy

Hi LeMajor,
don´t understand where you and other users here taking the "8 weeks" from.
You argue that DW said we are talking about weeks not months, right and many here implies that should be max 8 weeks. With 9 weeks and more usually it would be named as months. I do not see it that way. In official release it is clearly stated that FO for conventional will be finalized (targeted) until end of Q2 as I remember right. So end of June is clearly the dealine and not next week what some users implies for themself.

So its meaningless to look at the glass ball dailywise when the FO might come. It comes when it comes. And I only get nervous or disappointed when it takes longer than end of Q2. Simple, is´nt it?!

Hi Phrontist,
sounds nice what you post, but nevertheless nobody told us that "50 companies showed initial interest.", or did somebody?
Where do you got that "This implies a significant FO Contract for 88E / BEX" from?

You are optimistic and you wrote down your expectations and hopes for the deal with good conditions. But nobody knows if the deal will come soon, or the deal will give us good conditions, or the deal will ever come!

I am also invested since 3,5 years, but I try to be realistic instead of too optimistic. Being too optimistic was never coming good with my 88E invest!

@Zebediah16

I consider Clark as a professional investor and I am pretty sure he is not buying more ZEN shares in order to average down. He buys due to the potential here.

If he is in the red here he could also sell in order to realize loss and counterbalance it to other profits (for example BLOE) I guess.

His stake in ZEN is now more than 10% and I guess he is pretty sure what he´sdoing.....

Just my 2cents

Sorry wrong link. After buying a month ago he bought 3rd of May a million again.

https://www.canadianinsider.com/node/7?menu_tickersearch=ZEE+%7C+Zenith+Energy

Sorry if posted earlier:

Dean A. Clark increased his holding in the company by buying another 1 million shares yesterday!

https://www.canadianinsider.com/private-eye/2019-04-03/market-insider-buying-zenith-energy-zee

Just a question from my side:
We know that well Blazh-10 flows naturally with 385bpd. Does that mean that it won´t drop down again? So, could it be that 4 weeks this well flows again at 100bpd or even less than that?

I mean from my understanding the tendency is pretty good. When they start to supportively pump that well the flow rate should further increase, shouldn´t it?

I don´t care about todays SP performance. Sooner or even later the SP will reflect the inner value of CAD!
And with every RNS this well is getting more de-risked. And as lower the remaining risk, as more ambitious we will see the buying here ;-)

So if the 385bpd getting realized long term, we might see around 160.000 Barrel for year 2019. Huge increase.

Cash position in GBP is around 31 million which is higher than current MC.

So the revenues from operational business are recognized with value "zero" in the MC.

Huge upside potential imho.....

Just wrote at CAD.GB.PL. So here you all are :-)

I mean the tendency is very promising:

Well update 25th of April --> 150bpd
Well update 30th of April --> 385bpd
Well update cw 19 --> ????

Produced barrel increased in 2018 to 91million barrel, from appr. 50 million barrel in 2017.

With well Blazh-10 that will further increase now!
Next week after finalizing the clean up they will announce the next well update!

Yes, we should see nice re-rate with further news flow.

How that could run you can see currently with Cadogan.

Cash as per end of 2018 is higher than current MC, but by that time the recent success with flow rates from Blazh-10 was not priced in yet.

Key Financial Highlights of 2018:
•Profit for the year: $1.2 million (2017: loss of $1.6 million)
•Average realised price: 51.3$/boe (2017: 41.6$/boe)
•Gross revenues[1]: $14.7 million (2017: $15.1 million)
•Gross profit: $1.9 million (2017: $2.1 million)
•G&A[2]: $4.8 million (2017: $5.0 million)
•Profit per share: 0.5 cents (2017: loss of 0.7 cents)
•Net cash[3] at year end: $35.2 million (2017: $37.6 million)

production at Blazh-10 well increased to 385bpd! YES!!

What might the next update bring? Do we see here the second BLOE?

30th April 2019:

Cadogan Petroleum Plc
(“Cadogan” or the “Company”)

Blazh-10 well Update

Cadogan Petroleum plc (“Cadogan”), an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, is pleased to announce that the performance of its Blazh-10 well has continued to improve during clean-up and that production has increased to circa 385 bpd (25th April: 150 bpd) of oil in natural flow.

The clean-up is expected to continue for about a week, until the site is vacated by the drilling contractor, with the oil being piped to the production tanks. The clean-up will be followed by an exhaustive well test program designed to collect down hole samples of the oil, to record the flow profile within the perforated section of the well-bore and to establish the productivity index. The company expects to have a better sense of a sustainable rate of production from the well upon completing the clean-up and the following well test.

The Blazh-10 well encountered 156 meters of the target Yamna formation sandstone, with log interpretations confirming the entire column as oil bearing. The well was drilled to a total depth of 3,394m and set a local benchmark for drilling time. The well is located on the Monastyretska license, in the West of Ukraine, near the border with Poland.

Further updates will be provided as and when appropriate.

Guido Michelotti, Cadogan Petroleum CEO, commented:

“We are excited by the results of Blazh-10. The well produces more in natural flow than the other three existing wells on the license combined, despite the other wells having sucker rod pumps installed. The contribution of the Blazh-10 well has taken Cadogan’s current production to some 600 bpd of oil, the highest level ever in the history of the Company"

Good example of fake news, or what?

"A lot of punters and naysayers still don't realise Rome wasn't built in a day, they want it all and want it now".

I for myself am waiting for success since 3,5 years....