Member Info for kelsbells

Listen pal I invested £ 400k here and didn’t ramp it for 3 years . I’ve lost £250k and haven’t come on here moaning whinging about my losses or deramping ...and if anyone was entitled to then boy it would be me!!! I’ve said this could still succeed and have just decided to sit and wait until a lot of things become clear

Sarge not one thing I’ve said could be considered a deramp by anyone sensible. In fact I’ve kept saying they may still succeed . People have had to take issue with you on a fairly regular basis for your negative emotional posting. GL to you though

I think every rns gives them an out to change direction within weeks if they want. It would be very difficult to tell market/investors up front a couple of months ago look azer has been a massive disappointment and the future of this business is now going to be focused on Italy, Congo and probably Norway. So the way you do it is go silent on azer, get your acquisitions in the bag then eventually tell people the reality by which point in their heart they know anyhow! .I still think they will drill a new well in azer but the focus to try and win big has changed to Congo , with Italy being the bread and butter

If they drill another well in azer it will be a new well later this year at a location approved by Socar . They won’t bother with c-30 now.

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