Member Info for JSB1989

Mean't to say oil price 35% not $ higher

You really do need the patience of a saint with Zenith. I invested over 7 months ago when the oil price was $56 and we have drifted further away with no results, oil price now $35 higher and my investment 35% lower! Hope the turnaround in fortune is just around the corner

Cattaneo and Zenith have just tweeted an article about $100 oil within the next year. Would be over $3 million a month at 1000 BOPD!!

Thanks Shenners, I read the RNS again.

Deadline is on Tuesday, RNS Monday or Tuesday?

Exceptionally frustrating to see any rise quickly wiped out. Lack of buys are due to uncertainty over the Indonesian deal and question marks over the companies ability to complete a workover. If both these are emphatically answered we are multiples of the current price!! There is more confidence again from existing shareholders which is great to see, now we need to attract a new wave of investors to get things moving.

The recent change in communication would suggest monthly revenues will be RNS'ed especially as they are improving each month.

Well every $5 rise = almost $50,000 in additional revenue each month with 300 Barrels production. $80 = $750,000 a month although I can't see that oil price been sustainable for the long term, the Americans will soon be firing up every shale rig going.

Yep, debt over equity? Would be great for shareholders

https://mobile.twitter.com/CattaneoGenoa/status/994176225575923713 Interesting

Excellent to hear that they are extending the workover programme and may deepen Z-21 once it comes online. They must be confident to issue this RNS as Zenith have demonstrated a less ambitious stance recently.

Well done for getting out before the near 50% fall. I managed to average down significantly during that time. I feel we are fast approaching a transformational period for the company.

Welcome back Sea7, are you here to stay?

I didn't hear 100 BOPD, that may have been from one well but they are producing 300 with a gross revenue of $700,000 a month. At least in two weeks we will have broken out either upwards or downwards as the due diligence period in Indonesia will have expired!

Mostly debt would be great! I was hoping this week we would be moving into the 8s with more tweets but return to the 6s more likely. May is the month for us though.

https://mobile.twitter.com/zenithenergyltd/status/989813790316298240

Back to quiet again with no volume. On the plus side the sp has creeped up and so we are at a higher launch point before the busy month of news.

I enjoyed listening to the CEO interview with Malcy yesterday. I found it interesting to hear that a member of the board called Saadallah Al-Fathi was head of research a OPEC was the lead contact in introducing us into Indonesia and not Mike Palmer. I'm now optimistic about the Zardab workovers but naturally still cautious about the deal for the Indonesian asset

Last two listed sells at 150,000 and 138,000 are buys!

Nice to see the upward movement continue. This afternoon has seen some selling but that's going to happen with any rise. I hope it keeps steady at 5% every other day until we receive news!