Member Info for maestro1

How long will it take for l2 success?

Imho it doesnt look good i think they may pull out.

If would be nice commencing drilling and by monday knowing the results of the middle eocene.

Lets see...

This is the first well they are actually drilling on after years of delay.

Lutefish

Thats equivalent to 3.91p.

Interesting week....

This isnt like ukog, angs or aaog, they actually produce more than them conbined.

Ukog has 60m mkt cap producing 150bopd. Zen has 11m mkt cap and producing over 250boepd and have larger 2p reserve.

Once they commence drilling things will get interesting. Not long literally days...

Zen always said within 3 weeks will reach TD and testing completed.

Next few weeks interested...

Oil is plenty in zen field, c37 is very interesting, they will be deepening the well to the upper cretaceous.

https://optivasecurities.com/assets/dist/files/zenithenergy020217.pdf

Well 130 drilled at Muradkhanli Field is a good example. Drilled in 1985 (15 years after first production), initial production was a modest c.100bopd, however within 24 hours production increased to 10,000 bopd as an uncontrollable gusher. Local farmers quickly built a sump and the well returned to normal production 25 days later. It then failed 1 year later having produced 650,000 barrels of oil.

What placing holders? They are long gone..

:))

Now its time to sit and wait. Once drillin commence it will only be a few days for the eocene results.

Nice....

Finally.. Lets get drilling

They need momentum once they have that zen will fly.

Ezhik??

Please share..

Well he's buying under 3p.

We need update on this top drive, they could have reached TD by now without the top drive.

Resourcehunter

I agree they should have drilled without it, he's transferred 1.5m shares to family member, meaning they can sell without informing market.

A hint of oil shows we are in double digits. I think this is better prospect than bloe but management need to get their act together.

going deeper in c37 to test the upper cretaceous is the cheapest option rather than risking it on a new well, a hint of oil shows and this is travelling fast.

Lets see, surely cant be long now..

I would be interesting to know whether a flow test was done after they cleared the obstruction, anyone contact the company?

Zib

Yes the initial rate was 1000bopd but they will put it in production around 700bopd.

What's bloe 2p reserves? Lol