We would love to hear your thoughts about our site and services, please take our survey here.
If they can get the bonds offloaded ZEN will be in the clear with enough money to make operations increase cashflow . The bonds probably wont be attractive until they can prove they have the ability to increase production . Buying up unloved assets may not be enough to start shifting them .
SEA7 . "AC has always stated the desire to expand the group with acquisitions, this desire is also fuelled further by this statement in the bond prospectus.." And we all believed that hitting the first target of 1000bpd was going to fund those acquisitions even before even thoughts of bonds were considered . When we were first investing , the idea of acquisitions without first increasing production or at the lowest sp ever , would be the thing of nightmares and never bought into . So given the silence and uncertainty over C37/C30 / general field operations is likely why investors here cannot sleep at night . Is no news better than bad news?? Or are we going to be shocked in a happy way??
OilNo . When you have been here long enough you will know that the company reads comments on these websites . With everybody aware of someone having a moan at them there is more chance of them acting on it .
Ezhik . Absolutely spot on. I didn't give any detail but you covered just about everything . Nice rise today and I think going forward more of the same short term . Africa will go quiet but prior to that we need more bread and butter from Azer . The pressure will soon be back on to give a proper update on C37/C30 and the rest of ZEN operations
Compass007 . Exactly . We just have to hope Aze is on track and good production uplift . Only with that will everything fit into place . Anyway cracking Monday start to the week . Nice bit of blue should maintain and increase with news of the vote , deal done , cpr out , bonds sold , news of C37 / C30 , multiple operations in Azer . Though not exactly in that order
Well it may help the sp over the next few weeks but I don't remain too optimistic that much is going to happen . Now got till mid December to start producing 2000bpd , with no rig in sight or the money to pay for it when they get one . A cpr might help sell a few bonds but failing that where is the money going to come from . Come from Az , who knows , because at the moment they could be producing zero as far as any of us know . Still waiting for Socar to give the go ahead for C30 . Really . That's been a month . Now we have a Socar guy running Zens drilling ops , the most inexperienced one we have had yet . I am not sure I want to know what is really going on .
Yes . Hearing more and more . Definitely sounding like a done deal in ZEN favour . Last chance to get some ZEN shares cheap before Monday
RH . I would think the mad dash for the cpr is the hope that will get the bonds moving . A wedge like that in front of them could work wonders . One thing you cant fault AC about is the deals he can pull off with regards raising money and moving it about . The credit rating he has got ZEN which most people don't really consider will no doubt have been of great importance
AJ . It could swing the deal that the AAOG bod is proposing . It that goes though , basically ZEN would slowly pay about a million quid and in return get 80% of 5.3 million quid and a 56% stake in the Tilapia . This would certainly be looked on favourably by many people and likely have a positive effect on the sp .
Families and children wouldn't be effected in people didn't go gambling the family fortunes on high risk markets .
Karma normally works with a helping hand