Member Info for JSB1989

It’s really difficult to see us slipping back down towards all time lows considering mid January we were pushing 4p. AC needs to be on the mark with his timelines now otherwise we will be punished further!

Busy morning of tweeting. Civil works nearly completed on C-37 and BD260 trucks arriving.

https://mobile.twitter.com/zenithenergyltd/status/1102517776810418178
https://mobile.twitter.com/zenithenergyltd/status/1102518698085097472
https://mobile.twitter.com/zenithenergyltd/status/1102520351697895425

Moving forwards nicely. Let’s have some shipment updates now!

Hadn’t seen this until Zen tweeted it earlier this morning. Miton increased by 2.5% then, mostly in the placing I’m guessing. My calculations have that at around 5,000,000 shares bought at 3p = £150,000. They think it’s undervalued!

NT, it’s about to blow (like Z-21)

I’d like to know how MMs are short of stock too

The rampers have arrived, is this a good sign for us?

80% of the rig shipped. One more week for the final parts to be sent?
https://mobile.twitter.com/zenithenergyltd/status/1097474229157679105

Ezhik - my apologies, I didn't factor in the time to ship to our site. I would like to think that they have the logistical savvy to have planned what will be shipped first to begin building the rig immediately. In the event that this hasn't happened, how long would a rig such as the BD-260 take to erect?

Awesome to see the shipments have made it to Azerbaijan. So it took a week from Turkey to Azer and around 17 days for the full journey. The substructure of the rig left on February 7th so that should arrive approx February 24th. We now need clarification of when the final shipments are en route.

Deepsurvey - you need to do some further research before posting such utter nonsense on this forum. The tweet is great news. We now have two wells in C-37 and C-30 which are eligible for deepening into the next pay zone. The drilling rigs will be very busy ‘once’ they turn up. Hopefully they have another well identified and will prepare that for deepening too.

Ezhik, I'm in a similar position to you. I was buying between 9 and 11p initially and bought down to 6p. My last topup was around May-June before the PrimaryBid placing was announced. My average is around 9p and holding 700,000. I'm in a hole but feeling more optimistic than I have since that placing took place.

No one is selling at these levels and plenty of smart people loading up. I wish I could join in at such a low price!

We are all used to delays, 16 months and counting for me now. I’m pleased to see that they are discarding the damaged wells and moving on, this will prevent months of further delays as seen in early 2018 with Z-21 and Z-28. The tender for the rig has frustrated me, I did think this would have been ready to go by mid February! Short term this may shake but I’m excited by the prospect of owning a rig and drilling new wells. The place is loaded with oil and I’m confident that in 12 months we will see big returns. AC does have to start thinking about what he is saying though as he isn’t hitting any targets or deadlines which he sets for the company.

Finally we know the shipment date. Any guesses on the arrival time? 1 week? We need a flow of news now from the company to gain some momentum. Arrival of rig, C-37 flow testing results should be within the next month!

I would love to be able to top up at these prices. Very pleased to hear the finer detail in the update. We are very close to the drills and it’s clear that the team are excited to get started.

Thats not true. It’s 12c in Baku today, they don’t experience extreme cold which will affect operations

I’m still holding but understand everyone’s reason for selling today and recently. AC is talking about the long term however if he doesn’t get oil out of the ground within the next two quarters I don’t know how the company is going to continue with the liabilities piling up!

I’m still holding but understand everyone’s reason for selling today and recently. AC is talking about the long term however if he doesn’t get oil out of the ground within the next quarter I don’t know how the company is going to continue with the liabilities piling up!