Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Good few tweets today :-)
https://twitter.com/zenithenergyltd
Looks somebody has started poll on twitter for expected flow rate
https://twitter.com/profit_is_king/status/1175003141596733441
It looks that market still does not have much confidence that's why rise has been muted
I think if C37 will flow 200+bopd then hopefully we will see start of a proper re-rate
Ezhik, 200 will be a very good result.
yes, around 2 months for C30 to start drilling in my view, AC mentioned 30 days to fully prepare the site and then ZEN will take another 1 month to move the rig & make it ready for drilling :-)
Watched the interview, it was good... more than just saying that biggest field in Azerbaijan
Looks flow rate will be by next week, if it is 200+ bopd than that will be a big achievement in my view, but I think 100 bopd will also be good.
Some folks here are expecting results as per C22 (which flowed at 700 bopd) but I think that well had far more bigger pay zone than C37, I think somebody posted here that C22 had more than 100 meters of pay zone and whereas C37 only has 16 meters, so expectation should be bit realistic.
AC did say that SP should be in twenties at this stage and may be rightly so... once this well is proven even with 100bopd and after that C30 … which most likely will have bigger pay zone than C37, and also company owns the rigs and also 2p reserve around 31m, so hopefully we will get there soon.
I am hoping ... if it could flow 250+ bopd, watching today's AC interview ... he is saying that they are on target for 1000 bopd for this year. So looks that he is hopeful that it will flow more than 250 bopd, similar/better result from C30 + 200+bopd existing production, so looks possible. Though Eocene known to flow upto 700 bopd, lets find out in 2-3 weeks.
unfortunate that we didn't get something from exploration target otherwise we would have been over 20p by now but good to see that Eocene was successful and some new pay zones as well.
Not sure what would be flow rate from 16m pay zones, any guesses?, hopefully above 100 bopd and same from C30 I guess.
2 tweets in a day. there are on roll, we may have to ask them to slow down :-)
https://twitter.com/zenithenergyltd
Good to see things progressing.
May be RNS on Monday