Member Info for kelsbells

Mallye I’ve been told that drilling a new well to 4000 feet with the 260 will take around 50 days. Ajb agree completely on history against potential

Ezhik I do think with the multiple rigs and opportunities, this year will finally be the breakthrough year for zen. Although I think it’s probably going to be mid March before we get c-37 results, hopefully positive news will come at regular intervals from them on through q2 and q3

Sarge I don’t know how/where I’ve missed this but can you show me where we’ve previously been told that our team on the ground are not participating in the drilling of c-37 and we’re outsourcing the operation to an independent team via a tender process ?

Do they wait until the rig is ready to transport before they “define an agreement” with a logistics company?! They’ve had 210 days to get that agreed. Why when c-37 is ready to drill do we get an rns introducing a previously unmentioned tendering process for drilling?! We now won’t be drilling until Feb with probably no results until Mar....there’s clearly a lot of good stuff going on and still enormous potential but the forward planning and wasted weeks and months leaves a lot to be desired . Catch up with you all towards the end of Feb then !

Sheltie I bet the 4 year wait between 1914-1918 felt longer

Can’t believe how patient we long term holders have had to be here, everything has taken 2/3 times longer than initially suggested and then consistently amounted to nothing. In another week it will be 3 months doing the prep work at c37..it’s just too long ! Even when I’ve get direct info it’s always ended up being inaccurate...anyway onwards and upwards surely we have to produce something of note soon

Beggars the question why don’t the bod complain about this obvious control/abuse of sp?

This business is worth what ast paid for it ..next to nothing, they can go and pick up another (probably bigger asset) in Croatia for next to nothing and have another go there..it’s why there are and have been historically so many aim companies in this sector, these sorts of field are available all over the place for peanuts, the reason they’re given away for peanuts is they’re incredibly hard to make commercially viable, as ast have categorically proven

As I said months ago these fields are given away for nothing all over the globe because they’re so hard to make work commercially as ast have comprehensively proved...looks like they’ll try and get another free field over in Croatia to keep themselves in a job for another couple of years

For what it’s worth the word is we will be drilling with the 180 at c-37 before Xmas

Plantman while it’s nice to hear a response from AC it’s inappropriate to post a private email on a public forum

Can I ask are people expecting a partnership deal where we receive an upfront payment from said partner? I’m not, I’m expecting a deal where partner distributes Iclaprim and we give them a % of revenue for their time /efforts...and therefore I think approval and sale is the right strategy for a business this size.., everyone can win (maybe not to the extent once thought possible) be pleased with their efforts and let a bigger business take this to the next level over the coming years

Actually sarge from memory I think the agreement which I believe is a 20 yr initial agreement does allow us to sell, new acquirer would have to comply to production sharing agreement

smalltrader we were. 30% higher than this a day before phase 3 results, why do you think 40p on approval which everyone knows is almost guaranteed?Even partnership deal will be someone distributing for us and taking a % of sales. We must look for approval and exit

Is totally ridiculous 11weeks from approval at the moment I’d be happy to see 30p on Feb 13th!!

I really think we should now just get approved and sell for the best possible price...That would end all the uncertainty!

Sheltie In light of your points (which I agree with) why wouldn’t the bod look to get us approved and sell for the best possible deal? Even a $250-300m buyout allows bod’s and shareholders to be satisfied with end outcome and we can all move on !

Come on ezhik chin up, the 180 will get there and be drilling at c37 in Dec, results early jan

180 end of this month.

I believe 180 is still coming and will be with us by end of the month. Will be great to have 180 and 260 working together..Have a good weekend