The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ezhik, platform is still very clean :-)
https://twitter.com/zenithenergyltd/status/1164789103365197824
yes Ezhik, I also think so they didn't start drilling till 16th anyway i.e. last tweet, I am hoping that they might have started drilling by now, may be another tweet could clear something. How much more slow they can be. I hope they are not facing any more delays.
yes, that most likely the case, wonder if there was any need of 14th August's RNS, word was changed to drilling from deepening, may be they are just buying time, how slow can they be
August 14, 2019
pleased to announce that drilling operations at well C-37 of the Jafarli oilfield have commenced.
July 31, 2019
Zenith is pleased to confirm that C-37 well deepening operations began on July 26, 2019, as per the Company's announcement of July 18, 2019.
From last twitter update it didn't look that drill bit is turning but I hope you are right that it is.
Surprisingly not much interest here, given that low risk drill is going on which has potential to transform the company and currently is it is valued so low and funded for 2 wells and may not need any more funding if these comes as planned, further company owns the rigs.
I think they are drilling but may be by hands, taking turns for rotating :-)
Ezhik post have some weight there ... too clean that drilling has started
https://twitter.com/zenithenergyltd/status/1162297720171839488
"Zenith has announced that drilling operations at the C-37 well in the Jafarli Field, Azerbaijan have commenced. Zenith has taken time and trouble with personnel and kit and innovative financing and the next few months will fascinating and not without a chance of significant success."
I think ZEN mentioned that they will be updating market regularly on social media but to get full results I think in one of the interview AC mentioned that it will take around 1 month & 5 days, so say around 35 days i.e. by mid Sept.
I think some people will be just on break even here on 7p, honestly being here so long I am looking for far higher. Though at the end of the day it doesn't matter what we want, it will all depends on drill results, if it goes as planned i.e. finding exploration target as well and flowing at 1000 bopd then I guess 30p is also possible.