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Nonetheless the result was positive as opposed to not being commercial in anyway. Therefore this drop is way overdone. But we will move on from this and no doubt test the recent highs once more.

But we did add an additional 100bopd bringing in approx $2M revenue pa so disappointed to see the sp down. Hope we can push back up from here ... we ultimately will do so.

Fluffle!

Money in the bank is money in the bank. This well will start to return payback shortly then it’s onto C-30 for more of the same. If we take an uplift of 10% from C-37 then;

270 (existing), 100 (C-37) and 110 (C-30) is $10.5M pa...

Also if we can get the A100 going onto Zardab or other it’s all to play for ..... let the sellers/moaners go ....DYOR

Surprising reaction to an increase in revenue of approx $2M pa.

But at least hopefully we have got rid of a few ....

Under promise and over deliver ..... :-)

If we assume previous daily production is circa 270 bopd then at 370bopd is $8.1M total revenue with C-30 to go .... smile ppl!!

Look at the Mcap and now add the additional production output. C-30 will add more is not months but weeks away ..

For a small producer like ZEN this is a great result.

$2.1M extra revenue per year with the next well deepening weeks away .... well it’s fantastic

That’s the point. ZEN are now back on the road to increasing production. This is the first of many.

Manage your own expectations.

We can also hopefully add this payzone to the reserves of 31M and here’s hoping for a nice broker update note on the increased production and further potential at C-30 plus other wells.

100bopd is equivalent to an additional $2.1M total revenue per year !!! Not to be sniffed at!!

Hopefully even more at C-30

When oh when will we catch up .....

Roll on the flow rates at C-37 ;-()

Well go ahead and ask

Where did you get that?!

I want the sp to rise like anyone else and yes I’m unhappy that the workover programme didn’t bear fruit.

BUT I’m happy that the deepening programme is now the way to go and the fact that they have found 15m pay zone is fantastic. Once we get the flow rates we can get back On the road to increased production.

I think there will be a sense of relief that the team have finally turned things around and started the road to increased production.

Also the derisk of the zone and the potential for what can be achieved from C-30. Where they decide to place ZEN1 is anyone’s guess and we can leave that to their SMEs but I would like to see the 1,000bopd achievement.

Beauty is in the eye of the beholder - and I’m luv in it!

LOL - wonders will never cease!!

Interview was really encouraging. I personally believe .... well, I’ll keep that to myself but definitely looking forward to flow rates ;-()

But we need to give the team on the ground the time to do the job right. You know and also want this done right as I do.

I’m happy to wait a few more days ....

If any of you saw the last twitter pics of the pipes ready for production install at C-37 you will know that there is a set process that the team on the ground need to follow to get to flow test results.

Therefore to be looking for updates following your own made up timeline .... ah well each to their own.

On we go ..... DYOR :-()

C-37 flow results not far off ..... the scramble for what’s left will commence shortly ..... then we move to C-30 for even more fun ....

Nice buys today :-) clever holders, like us ;-()

Yes they are still in the process of flow test mode but hey let’s give them the time to complete it safely. Remember they are going down a hole some 4,000m.

I would much rather hear that the job was completed safely and completely rather than moaning about incompetence!

Do the job once and right, remember we are hoping to put this well straight into production. If there are issues with the well later peeps will complain.

ZEN have really turned around and stunned with this first well deepening operation. Flow rates will hopefully be great then it’s off to do the same at C-30.

Good luck ZEN and us all.

Too right! BUT ;-)

We are currently producing approx 250bopd
Low production costs
Established path to market
Reducing debt
31M confirmed reserves
Shrewd CEO who knows how to make deals
Own our own RIG :-)))))
Huge number of wells to deepen
C-37 currently in play with flow rates expected very soon
Urals at approx $61 :-)))))
Please def DYOR
It’s about to get crazy ;-()