Member Info for maestro1

PW

Alot of gas was needed in Morocco, so was that a lie?

It's like they are deliberately trying to despress the price ever since they decided to delist from tsx.

I don't think they will or need to twitter the despatch. They said by the end of may the part will be here..

True, but at least he's buying.

Sea

Oil is in abundance, those wells are quite old and need upgrading, new wells need to be drilled in zardab.

Lets drill in Jafarli first the easier structures in c37 and c30. Im confident.

Add the additional 110m shares and you get a mkt cap of 50m, company producing around 700bopd.

Cant see it being priced higher than this until further wells are on line and they are producing over 2000bopd.

workover

bloe doesnt have its own equipment, zen has two workover rigs and one large drilling rig.

Without top drive they can drill but the top drive makes it easier and safer.

James

Zen has much more 2p reserves than Bloe. :)

this had a great run from 2.5p-16p, i purchased just under 4p. But now with the new shares in issue it will have mkt cap over 50m.

The first well producing 700bopd with was ahead of expectation, now they need a few more of these to justify current mkt cap.

We have other oil companies who are actually producing 4000boepd and year end target is 8000boepd and they have similar mkt cap to bloe.

I think a similar run is about to happen with ZEN, 2.5p to 16p+. Dont forget zen have proven reserves over 31mmbls for a company with only 9m mkt cap.

At present i kow where i want my money.

Zen has 2p reserves of 31mmbls, so they have oil..

Let's see if they have interpreted the seismic well, new structure found within the Eocene and upper Cretaceous. Testing the structure in c37 well.

Very interested

Degsy

Remember my post, 2 weeks not far.

It's the way it works with vast majority of shares, bloe have an overhang of 110m shares which majority of them need to be flipped.

This will likely fall near 11p within 2 weeks. Imho

I really hope they get another rig and do 2 horizontal wells at a time.

5 horizontal wells will not produce 5000bopd

I truly believe Zen has more potential than bloe it just we have weak management at present.

They want there $2.5m for the remaining share of rustavi.

Ukog is overvalued,

It's clear.. imho

Let's see what tomorrow brings

Edit: circa 8000boepd by year end..

Bigbench

So you think mkt cap of 200m justified by year end.

You are clearly misleading. You have stocks producing c.8000 boepd valued at 60m but you think bloe is justified 200m mkt cap on 700bopd.

This placing was coming but now we have overhang, don't feed the ii's.

Yang, let's say it's goes to 12p it still needs to be discount of that of that so the UK's can flip for quick profit.

Will be overhang for sometime now...

Why release after hour RNs?

They knew they will get hammered... Still think 8-10p about right... Imho