Member Info for JSB1989

Ezhik, any timescales knowing the tubing as now been pulled out of the well? Your expertise is much appreciated

https://mobile.twitter.com/zenithenergyltd/status/985813570070949888

$50 margin on each barrel, maybe more with the recent cost cutting of the uneconomical wells.

I'm pleased they aren't such buying assets for the sake of it and performing due diligence. The details with the Central Asian deal were vague compared with the Indonesian RNS so made me think they weren't as keen. I believe the Indonesian deal will go ahead and has probably been through Palmer's contacts having worked in the country before. As I said yesterday I think 3 assets at this time would have been a massive overstretch.

Ezhik, I hope you are right, 30p is my target and feel this is achievable in 12 months, this does have some big potential. I have panic sold too much myself in the past and missed out on a number of multibags, my first big investment been a 35 bag in less than 12 months which I sold on far too early. Lesson learnt!

I think Andrea found a better deal in Indonesia and won't pursue the central Asian asset further. Two locations will be challenging with Azer and Indonesia but I dread to think how we could handle three assets at this moment.

Aj - are you referring to the central Asian asset?

Well we know that some form of cash call is currently in the working with the Indo asset

April should be another record month with over $600,000 in revenues. The twitter communication from Zenith has helped to change the confidence of the board, they need to keep this going!

Let's hope that's the bottom. Now time for Andrea to unveil a Serica style acquisition and watch us fly! One can dream

They have gone into comms overdrive!!

Quiet before the storm methinks. The next few weeks will tell us which direction the company is heading. I'm eager to see the Indonesian deal terms, how this is going to be funded and timescales of taking on the project. I'm guessing 3-4 weeks for Z-21.

Another twitter video: https://mobile.twitter.com/zenithenergyltd/status/983670753487982592

I came up with the same BOPD figure as you too AJ.

And although they are shouting about record revenues it's only because of the increased oil prices, not an increase in production

Z-21 delay, more left to clean out!

Maybe he still needs to secure the funding and doesn't want to inform the market until all details have been finalised.

Two big sells gone through. Buying won't start until we hear something, any momentum has been lost.

After some aggressive buying recently my average is now 8.95p, initial investment at just over 11p

I've just had another top up and that's definitely it now, 38000 which puts me at 650,000