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OilNo . You are a class act should think about your own tv show . So you actually think they have left a well with the tree laying about somewhere and the rig has moved elsewhere . Unbelievable . We hope the rig is set up at C30 , if it is then the tree is on and hooked up to the production line and sending oil back for processing . Simple . If the BD260 is still on C37 and trying to put a plug down the hole then it is producing nothing .
Zeb . Yes 250-300 bpd after the plug is installed . What ZEN is expecting , they said it , I repeated it , also said they don't say how much if anything they are currently producing from C37 . Don't know why it is so difficult to give a figure .
Unless I just went blind this morning no confirmation was given on anything except that some concrete is now dried . The company expects 250-300 after the plug is installed . Instead of skirting the issue why not just say what it is producing now . As for the BD260 does anyone really think it is sitting on C30 ready to drill . Unfortunately I don't , but I hope I am wrong . If it was ready they should be drilling straight away , I don't see Socar delaying it .
**** poor in fact nothing in rrns of any use a child could have done it better. They are not drilling a new well it is only a workover so if they had applied for permission when they decided to do C30 then it would already be approved .They are guessing 250-300 after C37 well plug is installed so what is it flowing now , that's what we want to know . So where is the BD260 , it should be sitting on C30 ready to start drilling but it is probably still sitting on C37 . Come on AC STOP FEEDING US ***T . As for the new well they had already initiated a survey to find the best spots . The bull has to stop maybe we need to have a shareholder meeting to get the truth
Compass007 . Well said . I have to agree despite my occasional misgivings which appear to me to be directly proportional to the sp . AC is the right man . He is passionate about the company and I believe a bit of a wizard when it comes to financing , ignoring the dilution so far. I also believe he certainly does have a plan , whatever it may be . He also knows by now that the silent treatment is not good for the sp which gives me faith the extra funds from C37 are still rolling in and do not see any near term dilution requirement for operations at least beyond completion of C30
OilNO . I didn't say he was gaining . All I know or care about is that I am not gaining and haven't been since I bought in and every time I think the sp is going to start going up some depressing rns is released that sends us backwards . We know what he should be focussed on and it definitely isn't pie in the sky , pigs might fly , like a kid in a candy shop , ideas when he should be doing what he promised , which wasn't sending the sp down to where it is now .
Some could say intentional because surely no one would be so stupid to deliver news that they know wold drive a sp down .
Good news that one deal fell through worse that they are going ahead with something else
What zen do seem good at is running the sp down . Some could speculate whether it is intentional or otherwise but from what should have been the start of a historic rise , from when the production increase was announced , we now find ourselves at an all time low due solely to zen fannying around with ideas of buying up dead ducks . AC needs to put an end to this nonsense and crack on with Azer . Before someone pipes up with , "we always knew zen had plans to expand" , true , but not when you have failed to meet targets in Azer , on the bones of you arse , and skint . ZEN , get on with C30 .
"The Board views Norway as an ideal environment for the development of junior energy companies such as Zenith on account of its highly specialised investor community and the country's long history of successful energy production.
. At the same time, we are pleased to have found a strategically preferable, non-dilutive, alternative avenue for the imminent establishment of our presence in Norway."
Likely the idea of a big Norwegian investor on the board , as for the long history of successful energy production , well that would be by companies with a proven track record who know what they are doing . ZEN have still to prove this to the market . They also seem certain they are going ahead with buying up some other dead duck over there anyway . RH is quite right , prove to the market you know what you are doing and get the production increase from C30 that we have been told is nailed on . We want the sp to do the talking .
Well I certainly wouldn't rely on some figures from the website . Because if we were it would defy any sort of logic to have the well out of production for this length of time for "the possibility" of squeezing a few extra barrels out along with the risk that any intervention of a flowing well carries . He should have made the most of the cash that comes with the extra production to pay down debt/prepare for the next well unless of course that production increase dropped back . RH is correct as telling us of the current production would certainly remove any doubt but I would only expect what we already heard from the C37 production announcement , give or take , depending on any other field activities . I would hope most followers are expecting the same .
I believe AC is standing in for Santa Claus this year . When C30 comes in he is hoping to deliver 1000bpd for xmass but we wont mind if he misses it by a few days . Quite possible and even if we only replicate C37 then surely the total production will get us out of the ridiculous levels we have been stagnating at for so long .
Oh , that . At the time I just read it as something they may consider doing in the future . There was nothing to say they were actually going to do anything . Didn't see the point in stopping the increase in production just to do more work on it when it was important to get cash in the bank .
1 share trade and this the fist message of the day on this website . This must send a message to the BOD of how excited the market is about this company . All those interviews have come to nothing as this is what people think of ZEN . Stop keeping the sp down and start delivering to the investors who have stood by this company . The oil is there , we know you can get it out , we just want you to stop ****ing about and get on with it . As usual the promised news flow hasn't happened .