Member Info for kelsbells

I was unable to write yesterday but wanted to briefly mention the Zenith announcement whereby they said that they had purchased the BD-260 drilling rig to complete the drilling activities in Azerbaijan. In addition to this the company is planning to lease a 180 ton workover rig for four months starting 20th October. The company has also entered into a $1.5m facility over 18 months which it can be seen will be directly invested into operations in Azerbaijan. With these pieces of kit and associated drilling personnel Zenith looks an exciting prospect for the 4th quarter.

Brockster ironically lol was the perfect title for your post

Scully have no idea about alba but without looking i’ll bet they didn’t pay much for their asset !!

Investor112 you’ve got some balls putting that sort of money into any share (good or bad) welll done. I’m sure you’ll know the right time for you to bank your profits . Good luck

Scully there are a lots of oil and gas juniors on aim name me one who bought their asset/s for even £10-15m? There are dozens of licenses being given away for free with sharing agreements all over the world Indonesia, Africa you name it they’re available. Ex 80’s soviet fields all over Eastern Europe are given away for next to nothing for companies to try their hand at, most fail because it’s incredibly hard to make them strong profitable commercially viable propositions. Hence they’re given away for next to nothing. For what it’s worth As you’ve pushed I’m invested in zenith energy who got a great asset for free with a massive npv and wells generating $500k a month, the market cap is circa £8m because they’ve so far failed to work over old wells... irrelevant on this board really, the point is these fields with huge resources are available and invariably given away. Most companies end up struggling to make it work exactly as ast have. Everyone takes their chances and I never would wish anyone to lose money.. I have only put forward reasoned logical thoughts here.. if you don’t like what I’m saying because it doesn’t beat to your drum then do be it but it doesn’t make me wrong or a someone who lives under a rock in a swamp.

I’m not trying to convince anyone, I’ve just laid the facts down plain and simple..I note yet again you just try and deflect all my considered, logical opinions, with no reasoned counter arguments..the truth is you haven’t got any!

What a surprise a vacuous nothing reply from scully, just once could you try and dig deep and give me a useful informed counter to my points..pretty please !!

They are scully. I’m in a company that picked up an oil field for pretty much nothing with an npv of $600m and wells already producing oil and revenue ..the mc is £8m . Remind me scully what did ast pay as an upfront cost for this field with a npv of £200m?!!! I await your usual helpful intelligent and lucid reply of rock, swamp chief deramper etc

No no no no no no the £200m npv is completely irrelevant it means absolutely nothing if you can’t get oil, gas, gold,,copper, lithium or whatever you may be trying to mine or work over out of the ground commercially, and it’s unarguable now that ast have not being able to make it work ..€43m spent to generate circa €1.8m a year in revenue..you do the math!!!! that’s why dozens of these fields with npv of £200- £1bn are given away all over the world for next to nothing because most of the time they can’t be made to work commercially. Also, because you’ve spent €43 it does not mean you’re entitled to get it back, it doesn’t work like that in any business whether on a gas field or on the high street. It’s not a loan that someone owes you and you can call on it’s a speculative investment by ast that they haven’t made work. The logical conclusion is ast shareholders will get shares in the acquiring company and that company will commit £30-40 in capex costs over the coming years to build the plant and try to develop the field so it at least washes its face.

Scully you haven’t put one useful intelligent post on this board. Not once when posters make reasonable, salient points do you ever come back with something factual to challenge those points. You just say swamp, rock, deramper lol lol etc etc . Embarrassing to be honest

JamesJohn that’s exactly the point the £200m asset is in the ground and worth the square root of zero unless you can get it out commercially which 90% of the time in oil and gas isn’t possible. That’s why dozens of these fields are basically given away for companies to try their hand at. I’m in a company that has a $600m npv with a market cap of £8m...npv is not relevant, revenue and profit in the field are.

Afrim clearly it’s not a fact but a dispassionate logical assumption as to what will happen

At last we’ll done badgernator and Gerry posters showing some calm logic as to the reality of what will happen here...all ast have proven by mothballing the company is that they couldn’t make this field work commercially, which is why dozens of these old fields are given away for next to nothing in the first place because it’s so hard to work over these fields and make them profitable. People say ast are owed €43m as if the company and shareholders are entitled to it back ..that’s not how business works in an oil or gas field or on the high street ! Why would any acquirer spend £90m on this field?! let’s say £50m to ast and £40m in the coming years building the plant and working over the field...it would never work or wash its face. I just can’t see how it’s remotely possible for the field to be taking over for significant money I think most likely outcome is ast shareholders will get shares in acquiring company and CH will get some sort of consultancy role.

To be honest I’m interested in the psychology of humans in a group, in particular humans in a group who think they smell money, and their complete lack of ability to step back and see anything else once the blinkers are down. Enjoy it now you’ll be mightily disappointed when you see the offer the bod put in front of you

Hardy there’s no point engaging with them on any level, when the herd get tunnel vision they can’t understand any logical argument . They will find our eventually that you can’t polish a turd and then try and sell it for £50m . And then chief ramper scully and his mates will scream and shout about how unfair it all is before they dive into their ramping swamp and disappear

Hope you all have another blue day it’s been a fantastic rise from the depths here based on CH and CC clever fantasyland ramping, happy you’ve won the battle unfortunately the war I.e selling this for anything meaningful will be lost

It says 4 posters on Iclaprim will be presented at the conference in London. I assume ivyspivy and itsgambling are 2 of them !!!!

Flava holy shit cowboy that is the ultimate rampy mark ramprakash post..well played sir, bloody good shot!!

The company has been mothballed because they’ve failed I.e they’ve spent €43m on generating revenues that would take 2 DECADES to get back unless someone comes in and pumps a similar amount of money in to build a plant and work over a lot more wells. That’s why there are dozens of these fields all over the globe with huge resources that are basically given away for free because it’s incredibly difficult to make them work commercially as ast and so many others on aim have proven...therefore I’m incredulous as to why people believe someone will come in and give the company £50m,..no one can ever counter these facts and logic by saying anything other than deramper or burn shorter!!

Thank god for that you’re on the slow train to Slovenia..takes 2 weeks to get there with no means of communication we can all take a breather from your often offensive and often ramptastic posts.. have a great time, don’t forget to send me a post card xx