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I thought i will see a RNS today that drilling has started but anyway ZEN never met their own expectation (or date) so how can they meet mine. Hope they get 700 bopd (below 1000 bopd which AC floated in recent interview) from this well once they start.
looks like BOP system is last thing and hopefully deepening will start this week.
As per 31st July RNS:
"The Company has subsequently begun the process of installing a new API standard 5,000 working pressure tubing spool complete with tubing hanger seat and a new wellhead. The Company has taken this decision in order to mitigate the risks of potential difficulties arising as a result of wellhead failures which had been encountered in previous operations.
A new BOP system, inclusive of an accumulator unit, choke manifold and remote controls will be subsequently connected as soon as the aforementioned installation is completed."
https://twitter.com/zenithenergyltd/status/1158280184426127361
early guide was around 250 bopd and then they mentioned another well produced for many years around 700 bopd.
1000 bopd will be too much :-) , anyway higher the better :-)
I think even 700 bopd will be an extra ordinary result for ZEN
That's good, it looks that good few millions will be in sticky hand so all 43 millions won't be flipped, I think it will start heading north once deepening begins. If c37 & c30 both will come out at 700 bood each then ZEN will be producing more than 1500 bopd in total and hopefully they won't have to raise any more money from equity dilution.
I think it is not clear whether they started drilling, RNS would have made it clear. Or if they have started now, at least a tweet saying that deepening is going as planned. ZEN never met any date and last tweet just said "Beginning of operations" so not clear to me.
I was expecting to see an RNS today or was their tweet sufficient?
https://twitter.com/zenithenergyltd/status/1154655309144739840