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You’ve answered your own question in your post exdragonoil
I posted this recently... I believe azer has proved way more difficult than they thought it would be ( which is the reason why these licences are pretty much given away by governments all over the globe) and AC wants to have another crack at success in Congo, Italy and probably Norway (probable acquisition in next couple of months). I still believe this may come good but doubt it will be because of azer the reason we all invested.
If/when an update on azer comes it won’t be what you want to hear, although I’m not sure that bad news can pull the share price back much from current levels
Sarge you’ve pretty much summed up the state of affairs in your last post unfortunately mate, as I previously said azer has not worked out hence the acquisition drive, it’s all about Congo first half of this year raising funds in whatever way they can to drill there and hopefully get a massive lucky break, they may drill a completely new well in azer later this year with Socar permission but basically c’s haven’t worked and focus has shifted
RH they’re raising money to focus on Congo, forget azer for the time being nothing happening anytime soon
My losses have been substantial here, I’m fortunate enough to be able to absorb them, but wouldn’t mind buying back in significantly if and when a lot of different things become clearer, I would be ok about paying a fair bit more than the current share price if I had to
No I just sold through a uk broker over a few days
Ha ha I Think it may be me !
Compass why you bought into zen in the first place won’t be relevant/of interest to AC if he’s had enough of trying to make it work in azer, and wants to play with his new toys in Congo, Italy and probably Norway . You have to say there’s more than a fair chance that’s exactly what’s happening. Not to say it won’t work but as you say not why everyone invested. Biggest issue with zen in reality is it’s really a one man band with AC controlling every step hour by hour day by day, trying to be all things to all men
Yes mis 6m in the end
Hi ezhik I finally made a decision to sell out of here 7-10 days ago, as I said recently I believe azer has proved way more difficult than they thought it would be ( which is the reason why these licences are pretty much given away by governments all over the globe) and AC wants to have another crack at success in Congo, Italy and probably Norway (probable acquisition in next couple of months). I still believe this may come good but doubt it will be because of azer the reason we all invested. I’m sitting on the sidelines and may buy back in again if things become clearer. I never ramped this share and I won’t deramp moving forward . GL all
Ha ha no sorry but I have thought for a while that AC is running out of patience rapidly with Azer and the recent acquisitions probably finished with a further one in Norway in the next month or so may end up being the long term focus for a revised zenith
RH the problem is what if the elusive update from azer is not the positive one required
No I don’t think it is a coincidence, no news from zen over the years around key issues has always meant problems
You have to start to think that there's a good chance that AC has gone on this recent acquistion trail because Azer just has become too damn difficult to focus on anymore, and he wants another crack at success with different assets
Well of course they are they introduced Zen to Aaog
Itsagame you nailed it and exactly what will happen with your last post, I feel and understand the passion and anger from Aaog shareholders but unfortunately for you the zen proposal will win the vote on Monday
No miton are clearly on board with zen
Why wouldn’t you want to be in zen over the weekend, miton are onside and they’ve got the votes .
Yep jub look to have thrown in the towel