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Zoltav Resources Gets $12 Mln Shareholder Loan for Russian Work Program from the 2 major shareholders. I have to say this is the most positive news in a while, finally they are putting some resources behind the project!! Let's hope this is more of the shape of things to come.

To be honest Europe is so reliant on Russian gas, regardless of what's gone on otherwise, so even with the threat of more sanctions I wouldn't see this as a hold up. I can only assume the report isn't ready yet, because it is a piece of news that would have a potentially significant impact on the share price and would have to be declared.

The company stated on the 17th January that: The final interpretation report for 180 sq km of 3D seismic acquired last year over the Carbonian and Devonian (and also prospective Permian) structures in the North Mokrous block is expected to be completed by March 2018 and will enable the Company to optimally position future wells. Well March is almost half way through and without an update to this the share price will just drift back down again unfortunately. Let's hope the update isn't far away!

Hopefully it's only a couple of weeks now until the final 3D seismic report is due on the North Mokrous block, hopefully it's very positive news for the gas assets and ZOL's share price will push on up from the steady recovery it's had since the start of the year!

Well the good news is a lot seems to be going on in the background, hopefully the share price will gradually improve from here until the completed report due by March on the North Mokrous block, then if that's positive it could get very interesting!

Can't see any news driving a 50% gain but I'm not complaining! Anyone have any insight?

I see there's a new Market Maker dealing in Zol which can't be a bad sign? Crazy thing is lots of sales today and the price goes up!

Unfortunately with the news that revenues and profit will decline next year and no good news on the horizon this was always going to be a slow motion car crash. I just hope they have some good news to come. On a positive note though the share price can't get much lower!

Update of the suspension of all further drilling and reduced flow for 2018 for the Bortovoy field is not the kind of update I was looking for but hey, you win some you lose some. Let's just hope for positive news about the North Mokrousovskoye field when they finish the survey in March.

I think it just comes down to the uncertainty of how the ongoing Russain sanctions are going to affect companies like ZOL in future. Personally I've been adding when I can as I think their assets alone make this a huge buy, but I know it's not without risks.

Well so far the 'communicating more regular operational updates and milestones' hasn't producing anything in 4 months, so Lea has a bit of work to do otherwise we'll still just be relying on the 6 monthly updates as we have up until now!

Well bought another 50000 at the crazy price of 15.05p today to add to my holding. I figure with the profits they're making and their assets it's got to be a risk worth taking.

Well someone was offloading today, almost 200k shares sold which drove the price down. Patience is the key to this one!

I think it's that period where people think nothing will happen until the next half year update. Let's hope Lea is true to her word and updates more regularly about Zol's activities!

I think the key point for me is the statement by Lea: We look forward to communicating more regular operational updates and key milestones and results as we achieve them. It sounds like they are becoming more shareholder focused?

My view is that Europe relies heavily to the point of being dependent on Russian gas supplies and that situation isn't going to change anytime soon. Plus the Russian - Chinese gas pipeline project is progressing (should be operational by 2020) so gas requirements from Russia are only going to increase. Sure, there will probably be short term issues such as increased sanctions etc, but the long term picture is looking exceptional for a company like ZOL in my view. Anyway tucked a number away in my ISA that I don't have to worry about for a few years as I'm taking the long term view past this current political situation.

Those 2 large trades at the end of the day aren't sells just in case you're worried, it's just me bed and ISA'ing some more zol shares.

Plus don't forget they were bringing additional wells online so gas output should also have increased.

There was always going to be some profit taking after the share price doubled in a short period, I don't see it falling back much further from here though. Everything to me still looking on course for them to beat their expectations by a country mile when they report in April.

Another good move today with some consistent buying. Is the message that high Nat Gas prices and a re surging Ruble plus a possible softer stance from the US having an impact finally?