Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Yes RH that's what we need . So come on ZEN , we have kept the faith , we know you can do it , so time to start moving the sp up . Good news only from now on . Consistent updates from operations in AZ . We don't need to be anywhere else , we have to focus 100% on AZ and prove we can increase production . So lets start to see the flow of good news we were promised .
RH . Yes just listened to it myself . Great , create a bit of excitement in Norway , maybe just trying to get the ZEN name out a bit more in case something happens , like producing oil . The annoying thing for the current shareholders is in spite of being told we are fully funded going forward they continue to issue more shares into the market and even worse at a low sp . The current production should now be putting cash in the bank to prepare for what comes after C30 , since it is already funded . The bond issue is not yet a success so no more equity only focus on increasing the production to pay for workovers . Increasing production from one well does not from the basis of a good track record which is something ZEN want the market to believe . We need progress on operations , has the BD260 moved anywhere yet , basically what is going on in Azerbaijan . What are all these rigs doing . We are all hoping or looking forward to success at C30 and we don't like being kept in the dark . I feel I needed a bit of a rant because every time we get excited and the sp starts rising it then suddenly its two steps back because his issues more equity . Despite more that doubling production the sp has fallen and ZEN is to blame for that . They have in my eyes got one chance to put this right . Increase production at C30 and no more equity issued .
I actually do have faith in him . That they now a lot more than they are letting on and C30 will blow us out of the water . And that he has s0omething up his sleeve . Having said that we close the other year to buying into something which would have been a disaster and for the same reasoning , in Indonesia . That deal was stopped .
But they might have a lot to do with ZEN if they start diverting all profit from the Azeri assett to develop something somewhere else . We have had the first bit of success since ZEN started and they still haven't confirmed stabilised flowrates . Running before we can walk .
As easy as I can explain it , Socar own the Azeri asset and they like the rest of us will be wondering where the money is going to come from to develop the Norwegian stuff . It had better not be from AZ . Nobody is against buying up other assets , it is part of the ZEN remit but take the sensible approach and prove that you know what your doing first by increasing bpd and cashflow.
I also didn't believe that Socar would enforce that particular part of the agreement especially as I have no doubt Socar were part of delays but the point is Socar could have . Also on others aspects . So it is not just about sitting their and giving Socar 20% .
OilNO . I think you will find it has a lot to do with them . As the owners they were looking for someone to rehabilitate and develop the field . 20% of nothing is exactly nowt it seems to most that Socar have had a major influence on what is going on so far .
Yes . They should have stabilised consistent flowrates now . They need to be good as does C30 when it comes in . The Azeri asset requires continued investment and the owners will now be starting to wonder if that is going to be the case going forward .