Member Info for gg40

No there are big enough investors on board who will be holding. There will be a dilutive factor due to larger number of shares in circulation and there will be others who will want to top slice. Wait and watch but DYOR

I understand but anyone buying to hold is going to be disappointed on 12th July when there will be an oversupply of shares. Good for trading until 11th. After that ...who knows. Remember this is a long term play if you want to make serious money.
DYOR

Just so that you don't mislead others look up the latest RNS and I quote
Following Admission of the Subscription Shares, the Company will have 113,195,558 Ordinary Shares, each in issue with voting rights and admitted to trading on AIM. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Bad news comming for either Arsenal or Chelsea. LOL

As Ezhik pointed out in one of his previous posts they can start drilling without the top drive.

No reply as yet about the site visit.
Guess it's a case of starting the drilling process, making sure everything is running smoothly and then announce date of site visit. Fingers crossed it will coincide with oil strike.

Nearly forgot .....Happy Birthday to our resident technical guy.
Have a good day mate!

Miton Global Opp (MIGO) today issued equity to raise £414,750 (RNS at 2.45). Coincidence or what.
Looks to me like they want more of ZEN.

What took you so long.LOL
Expected you to start bashing AC by 8 am!

Many thanks for the detail.
For completeness the RNS states:
Delivery of the Top Drive System and additional mud system components is expected by the end of May 2019.
Any bets it will be mid June before the delivery..

Ezhik can they install the top drive system after erecting the rig or has it got to be done while the mast is horizontal.

Poor form Ezhik you need to up your game. LOL..Should have spotted it but never mind. Lets hope thats all that is needed and not a case of ...oh we need a drill bit as well so have to wait for that to be driven over from Italy!!

Many thanks bud clear now how it's going to be done.
Come on team do your bit!!

Ezhik do they need the big motor connected to pull the rig upright?
Thanks in advance

Not to forget AC took shares in lieu of salary at 9.4p!

By the same metrics bloe stands at around 10, which is about right. The formula is in one of the research papers which i will try to find and post.

Ezhik I want to run one of my calculations by your knowledgeable self.
When I first invested in ZEN I used the Enterprise Value:2p reserves ratio. At the current price it's 10.2/31 which is 0.33.
As I understand, the valuation for a producing oil company with decent reserves is about 20. Anything under 5 means the company is seriously undervalued. ZEN stands at 0.33. If oil starts pouring out at the C wells then we can look at a serious rerate. Are the metrics correct?

Ezhik well done on your call of bloe. Pennies make pounds, so irrespective of how much you put in there the thing is you have profit. Now dont forget to bank it.

I'm surprised you had the time to visit us after the chatter you are having over on bloe.
Come on ZEN get the erection up(of the rig).

Likewise SI. Apprehensive but excited for the future.