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The only good news of the day is that POO is making its way north so more in the bank for us. But wait a minute, at what bopd??? Is C-37 285 still viable???? Website still shows existing 270 bopd?!?!?!! .... so what is it !!!!!!!!!! Come on wake up!!

You mean C-37

Better use of funds to acquire an additional rig to Zardab where we know the oil is literally gushing out ..... ah well!

Hopefully we’ll see a steady takeoff at the start of November.

The placing has now been completed and we know the rig is on the move to C-30. Also M-247 civil works hopefully underway.

C-37 - can we please have a final update on this please now that the rig is on the move. Yes we know about the stabilised flow rate of 285 bopd, but have we increased further with stimulants??? .... I ask as the sp seems to have totally discounted the C-37 success and the website still states 270 bopd ..... if additional 285 (or more :-) bopd still constant from C-37 can we please have the website updated to show 555bopd and possibly projected current yearly income.

Well Perforations - where are we? Which well(s) has been attempted? Increased output? Can we have a forward plan list of wells?

Debt - being actively reduced - well done!

Target bopd agreements - any update would be welcome. 1,000bopd target could still be achieved if we can smash 500+ bopd between C-30 and a few well perforations. :-)

Let’s get the update wheel back in motion and really get back on the radar. Please DYOR

Totally agree AJB!!! Now that we have that fund raise gubbins out of the way and we’re into a new month we really need to kick off with some good news updates. C-37 and well perforations for starters ...

Hopefully kickoff with some good news on Monday.

Looking forward to an update on the well perforations. Hopefully the team have identified the sweet spots and we can quickly increase production in those wells.

I really want to see a ramp up (sustained) of production which can be tracked by the sp which seems to not include anything right now. Come on ZEN where are we?

I would actually like to see an update prior to kick-off of C-30 operations.

An update on final C-37 bopd and any well perforations bopd uplift to get the sp moving in the right direction. Then another to include C-30 and further perforated wells. This will start to unlock the potential for shareholders.

Here’s hoping..... please DYOR

Kels- the 9th Oct RNS was very clear and I urge others to read it. We should be producing at a stabilised rate and any further intervention to increase production should have been performed- so what is the bopd output now??? ... are we still investigating???

We are supposed to be unlocking shareholder value???

The sp was higher before the announcement!!

Doubling the output reduces the sp???? .... so why are we all here if the perforations and C-30 could lead to similar effect?!?!?!?!

Huh?! Not sure I get that.

Of course the bopd output from C-37 is important. If the doubling of the bopd from C-37 is ignored then what effect will either the perforations or C-30 make??? We could get the same effect!!!!!!

The sp seems to be ignoring the current doubling of bopd (and increased profit) so we need the confirmed numbers and ensure the sp is reflective otherwise what are we doing??? Come on ZEN let’s get the news wheel in motion. Please DYOR

Hopefully Ezhik, it would be nice to hear something on the well perforations front. It seems that the sp has totally disregarded the uplift in output from C-37 so it would be good to get a definitive update on this as well. Any other well maintenance good news is also welcome. Hopefully a better week next week. DYOR

Thx OilNo, that’s good enough for me - rock on!

Ooohhh !! .... now we have mystery added :-) .... luv it.

Looking forward to a final update to close C-37 and make a real start at C-30 for more of the same.

Come on ZEN - we need to see some hussle to ignite the sp. yes debt reduction is welcome but we need more.
3 drivers that immediately come to mind are:
1) confirmed flow at C-37 following enhancement interventions
2) any progress on the well perforations
3) confirmed extension of bopd targets

Also, commencement of civil works at M-247 & Rig from C-37 to C-30. Just get going.

Actually Urals at 63.27 (as per website).

Therefore (270+285)x$63.27=$12.8M .... even better:-) DYOR

Nice jump in POO today :-)

(270+285)x$61= $12.4M ..... what’s not to like ..... DYOR

Thankyou for posting .... yes a good presentation with alot of ground covered.
Focus is definitely on increasing production rapidly. Rigs in the field, C-37 already come in and hopefully can be tuned to produce more. C-30/M-247 lined up.
Financing sorted so it’s all systems go. So patience is the name of the game. Fortune favours the brave!

Hope to see the fun and the sp re-ignited for the upcoming drills. DYOR and defo watch the presentation.

Agreed Ezhik/CA and now fully funded for the upcoming drills. We own the rig so no problems there ;-) and we know the oil is there.

Finish up at C-37, push onto C-30 and then bite off M-247. We should hopefully see the proceeds from the increased production at C-37 (285bopd) in the coffers within the next 6-8wks so income stream gathering pace .... therefore hope further placings will not be required:-() .... here’s hoping ....

Ok onwards and upwards we go ...... please DYOR

Shame I’m not in a position just now to top up at this cheap price :-}

Hopefully this placing gubbins will be forgotten in a short while then it’s onto C-30 and M-247 for the fun and games .... also, let’s not forget the well perforations in the background. ;-)

Good summary there cyber ... whilst not happy about the dip I do see the point and as you say now funded to complete C-30 and M-247.

Now get on with the drilling and get this train moving!