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Cheers for the podcast.
I think he forgot to mention that we have our own rig. I didn’t know that! Lol
Tempting to add but not going to. You know this game no guarantee. Gl
Yes good to see AC involved alongside Dean Anthony Clark in the placing. Fair play to him he is putting his money where his mouth is. Not many CEOs doing that.
Let’s go now Zen GL
Did anyone go!
Such a shame about the placing. SP momentum was just beginning to start earlier this week.
I listened to the Bonnie Hughes interview again and he confirmed money was in place to complete these drills although he did mention difficulties of a shoe string budget.
Italian sports cars of course!!!
Black for me
We will all be rich by year end and Zen is going to hand out sports cars to all its holders. We will be Patting AC on the back saying what a great job whilst sipping Champaign in the swimming pool.
.......Or we will be thinking why didn’t we invest in a company that has something! Just Having a bit of fun
As you say it’s all on the performance of these two wells regardless of the SP today - will bomb if it’s bad and spike if it’s good.
A bit annoyed as it would have been great to buy at 2.5p, I know we all think the same. Pointless to moan, it is what it is and AC could not foresee this requirement hence his videos re no further solution. At least he has decent skin in the game.
Now we just have to see what the well delivers and hope for a good result. We then have another go with C30 so 2 chances worth the punt.
Post below is correct SOCAR has right to revoke our license as the production requirements will not be met. Zen confident it won’t happen but shows how close to the wire this all is with production numbers dropping, all or bust!
Big fingers crossed GL dyor
Not been in Zen long but already under lol from 3p entry. Feel for the guys who have persisted here for much longer. Well we now know why sales were happening yesterday and if you want out is 2.3 if you want to add it’s 2.6. I’m not adding even though it’s tempting, way to much of a knife edge. Looks like zero contingency funds so should something else happen on s big scale we are done.
Can only hope this pays off but thankfully only £3k in.GL all
Yes right we shall see.
Yes Mike agree I like hearing both sides constructively. It can get to the point of over analysis though and at some point getting too detailed can be paralysing. I am glad we don’t have debt and are funded and have revenue that’s a big plus in AIM! GL mate
Yes some big sells going through!
AC raising a few £££’s perhaps? Will rise once they clear out. In the end makes little odds as we await results in due course!
Some good posts today which is refreshing, cheers guys. Some of the infant like posts are really pointless.
Nice opportunity fur adding more shares. I’ll keep some cash aside in case there is a further drop but happy with what I have now and don’t want to be over exposed.
Not many junior Oiler’s debt free and producing with plenty of upside from existing wells to come. As we all know the path is not a straight line up and there is of course risk. GL Dyor
Be great to get a crystal clear account of well 16. All the future prospects aren’t important right now such as spud date of next drill.
We just need details around flow rates, gas off take contracts, storage, what the well has been doing since initial flow tests and an idea of what can be expected.
Bloe will need to step up its RNS detail and quality and I am sure PH will have a different vibe about him going forwards.
Milton IMO is a completely separate issue and nothing to do with BLOE.
Be good to see some more constructive chat on here...GL all
Oh I see. So a grey area. Well there has been no RNS to the contrary so I am assuming the drill is turning unless we hear otherwise. I think a further delay would warrant an RNS. GL all here
We now drilling? Twitter page states beginning of operations c37 on the 26th as per previous RNS. so perhaps it’s underway?
I emailed BLOE on Friday. I’m sure they have been bombarded with mails so this is well on the radar. I asked why the flow rates seem so low..
There is nothing price sensitive but they kindly responded
‘Thank you for your enquiry. As we said in our RNS we are bringing the well back online with due care and will certainly provide further updates when we are able. Our forecast of c. 700 bopd for the sustainable production rate was based on the evidence of the strong test flow rates recorded at 16aZ back in April.’
A lot of us locked in unless you were one of the early adopters or had a crystal ball.
IMO this needs clarification. The RNS was confusing and I think that’s whats reflected in the sp. far from over and 16az may well end up flowing as per expectations. Risky sell in case the sp jumps very quickly back to 11-12p.dyor GL all holders
I think the SP is fair based on what was stated in the RNS. The market does not assume things, of course until otherwise notified.
I hope we are at 15p by year end. GL all
Less hype please PH but a pat on the back a lot has been achieved to date. If we are producing 1,000 bpd by then that’s a good year.
Doubt that! Milton was selling off elsewhere too. No other investment fund was selling so why would only Milton know?
The RNS is confusing but let’s see How this plays out.
AS you say Mike,
Just need to see the next news/Interview and see what PH has to say.
Now at 8.55p it’s about fair price of based on the last RNS although we could get into the 7’s tomorrow or until there is clarity. I was nervous about the flow rates and held back from going full in. I hope PH calms down a bit and we have a less ‘manic’ feel to this share, more conservative interviews etc.
Half time internal team talk.
We did well to place at 11p, glad we didn’t do it now. But we need to start managing expectations. Let’s start by targeting 1,500 bpd by year end and reduce our 10,000 target to 4,000 for 2-3 years that sounds more realistic.
Also let’s not set dates and timetables for next news flow as the fans start bickering when we don’t get it 100% right.