Member Info for Hepseal

AZERBAIJAN
The Contract Rehabilitation Area of Zenith Energy’s 25-year REDPSA with SOCAR has been terminated.
As publicly announced, the Company’s 25-year REDPSA with SOCAR remains in force for exploration activities.

It would appear that Madeira and all associated threads have been wiped clean from this board. I suspect I know why but I will leave it at that.

AC:
I am also pleased to confirm that negotiations are nearing a conclusion with regards to defining a payment plan for the repayment of the US$5.3 million debt owed by Société Nationale des Pétroles du Congo to AAOG Congo."

Ageos - thank you for your interesting and informative post, albeit speculative.

I have reproduced below the AC statement from the recent RNS:

Andrea Cattaneo, Chief Executive Officer, commented:

"As is known by shareholders, the Company's senior management is currently in the Republic of the Congo conducting negotiations with the relevant authorities for the attribution of a new 25-year licence in relation to the highly prospective Tilapia asset.

Our presence in the cities of Pointe-Noire and Brazzaville, the capital of the Republic of the Congo, has facilitated access to a number of compelling domestic opportunities, which have become even more commercially attractive in view of the recent decline in oil prices.

The Potential Acquisition has two key qualities that render it highly compatible for our portfolio: near-term profitable production potential and significant development potential to progressively maximise production on account of the potentially highly significant oil reserves in place which will require independent evaluation under Canadian National Instrument 51-101.

I look forward to further updating shareholders in due course on our exciting progress in the Republic of the Congo."

"30 initial customers (Launch Partners)" - whatever the terms are, free or otherwise, the important thing is that MOS have their feet through several doors and if the product is any good then this will lead to further contracts and monetisation.

Dufry - you are bloody rude calling people mugs, if FMM Investments Ltd (Myles McNulty) reduce their investment below 3% they will have to notify the market via a TR-1, same as yesterday but in reverse.

Most likely - The FMM Investments Ltd TR-1 from yesterday - Myles Mcnulty's name on the form.

Cliveas - yes - I was thinking on those lines, i.e. has that date been chosen for a specific reason to follow on from some anticipated significant announcements.
(Hope its good news for you , me and your son!)

Hi V111JAS
The Tom W interview is two months old now, i.e. 9th May.
The more recent interview is with Sarah Lowther on Technical Market Solutions, 30th June.
All PH will say is they are working towards gas being monetised in the "second half of this year".
I know when I think it will be but I will let you draw your own conclusions.

Deliberate mistake, last sentence should read Thu, 29th Aug 2020

Extract from ex Technical Directors recent statement:

"A workover at WR-16aZ is planned for H2 2020, when the gas sales system is in place."

Gas sales system unlikely to be in place before Thu, 29th Aug 2019

Callit - Ha, Ha - very good - not really sure why I am laughing because I am invested here!!

On a more serious note I think your last but one post is nearer the mark.

Andrea Cattaneo, Chief Executive Officer, commented:

"As is known by shareholders, the Company's senior management is currently in the Republic of the Congo conducting negotiations with the relevant authorities for the attribution of a new 25-year licence in relation to the highly prospective Tilapia asset.

Thanks AJW

AJamesW - if you are looking in could I ask you a question please.

You posted recently that the Gas from well KRT39 (WR039) could possibly be connected up to the EPF being installed close to WR16az - that does seem logical to me.

Am I correct in assuming that the 200 BOPD referred to in the annual report comes from KRT39 and if so what happens to the gas at the moment??

Your comments would be appreciated.

Could be a TR-1 on Monday?

Dufry - I merely posted what I believe to be a fact - a simple question for you, do you believe my post below is correct or incorrect - Yes or No (if No, perhaps you would give your reasons)

TruthfulOpinions - If you check back over Myles twitter posts since April 30th you will find that he has topped up "significantly" since that date, NOT "slightly "as you suggest.

Buys getting a bit bigger each day:

01-Jul-20 14:58:19 0.90 100,000 Buy* 0.80 0.90 900.00 O
02-Jul-20 15:46:42 0.8745 200,000 Buy* 0.80 0.90 1,749 O
03-Jul-20 13:23:23 0.90 300,000 Buy* 0.80 0.90 2,700 O

Good afternoon Chris, Good afternoon Evans
"Help me make it through the night" - good title for a song that!
Back to business - looking forward to the next RNS