Member Info for JSB1989

3.78p to sell a decent volume. Drift happening due to lack of communications. I'm frustrated that we haven't had a twitter update in 3 weeks now which coincidentally was the day of the placing announcement. During April and May we had monthly revenue updates and now nothing for two months. On the plus side Urals has averaged $75 a day during July which should be $650,000-$700,000 in monthly revenue.

Bold statement by Andrea, he is putting shares on the line. The financier will only sell these if we miss payment schedules.

There will always be some flippers when the sp rises after a placing but most long term holders who bought were averaging down and the bigger holders (Miton and Dean Clark) won't be selling in the 4s and 5s. News of the rig arriving on site would start the excitement again and help move the price north.

Final Results could be released in the morning.

Zen have only officially communicated the following about Indonesia: - deadline dates of due diligence - depth of the wells - current production - cost of acquisition The align research note has much further detail on the deal.

Sea7 - quite correct, this is the first time anyone has mentioned Sumatra.

Some good news from both RNS this morning. I thought the Indo deal was dead but speculation will be high now after ZEN RNS the research note. If it's a debt deal we will be back in business!

Another 2% + for the oil price. $75 for Urals, More $$$ in the bank.

I'm going to celebrate the day you turn positive AJB. Until then keep your posts coming!

Mudstud - excellent point about how close both Z-21 and Z-28 are from completion. They will likely be prepping Z3 and other wells with the smaller rig so there is less work for the big rig to complete. The impatient investors are dumping as can be seen this morning which doesn't help the sp short term but a couple of strong RNS will see people with your strategy Deepsurvey locked out and having to buy in significantly higher.

Urals will be back up to $74 now. This could turn around so quickly in the next six months 'if' we hit success with a couple of the workovers due in Q4. 1000 Barrels would be achievable with these so oil at $75 = £1.6 million revenue and £1.2 million gross profit a month. All for under £8 million MC (post placing) Many seem writing the company off as dead and buried after the placing which I can understand but I feel we are far from it. I'm not 100% confident in the teams ability but with the big toys on order the chance of success rises significantly and with failure virtually priced in the rewards are high.

With new ESPs installed we should be hitting 400 a day. 400 @ $70 is $830,000 per month. They need to start updating now every month and build the sentiment to make us look like an attractive proposition

At least we won't see the placing shares discarded Immediately.

No worries Sarge

The BD260 rig we signed 3 weeks ago will be powerful enough to complete the Z wells Deepsurvey. This could arrive anytime between now and early September.

They should now be updating each month with production and revenue. Urals has averaged $73 in both May and June so should put us on track for $600,000 a month. Any improvement with the ESPs can then be seen in the figures.

Deep survey - they will have another rig before December which will be able to complete the Z well workovers so I don't see how this will be drifting below 3p. Hopefully the RNS of the delivery date for leased rig will kickstart the sp. Late July would be nice!!

No pressure now Andrea and Mike on getting this next 6 months right. Zardab wells have to come online to save them, the ESPs are maintaining production at best and 300 Barrels ($600,000 a month) clearly isn't enough to sustain or develop the field programme. Andrea needs to demonstrate more clarity with his communication again and explain which rig the placing is actually for. There is a huge reward at 4p if we are successful with two or three of the workovers but as stressed by most shareholders on here they haven't achieved any success yet in 18 months. They should just forget about Indonesia and leave the deal, they need to get Azer flowing at 1500-2000 barrels (wishful thinking) and then look for the next acquisition once they have free cash flow.

are you near 3 million now Kelsbells?

Big sell off by the looks of it. Could be able to buy in the 3s soon!