focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
csm1986 . Yes , of course you are correct . 5bpd with the obstruction so now that was cleared out early doors that would have increased production had the well been put back on line . I also am not aware of any production figures for this well even when first drilled , I think people were initially making comparisons to a well drilled close by .
Thanks for info RedOrb . Didn't realize . TBH not bothered about either .
On target for Q2 . FYI
Failure here on C37 would IMO be difficult . Failure would be 5bpd , where we were before the workover commenced . I know it is easy to forget when we see a falling share price but the facts are the whole concession is practically floating on oil . The Russians were drilling at random and found some very good producers , initially . Socar drilled a few wells but not much really happened after the Russians left . With reinterpretation of the old information and the new findings , more geologists on board , new structures identified . Drilling into a structurally intact well to deepen it .We all know the potential of the concession , even AJ is positive on the potential here . The sp will rise soon enough leading into the drill and positivity will return . We all know that a good result here should have a major impact on the sp . ZEN just need to make sure now that there are going to be no more delays .
Thanks Bear666 / Jungmana . Most interesting . Particularly with his recent success in BLOE . If my research was correct I think he crossed the 3% threshold early March . Shortly before the sp went from 3.9 to 17p . Pretty good timing and perhaps he intends to do the same here . Follow the money people say , especially the ones who know what they are doing ! .
Bear666 . Last time I read Dean Clark was a just over 5% and over 8m shares but that was last year sometime. I am particularly interested in when he increased his holding as I have missed it , can you enlighten me .
The only point I was making was irrespective of any possible news , based on a realistic timeframe of when the drill starts turning is long enough for a small wobble or two in the sp . Traders will not allow the sp to remain static if there is still time to make a quick 10% here or there . Once drilling starts we should see a nice rise . Hopefully on top of a small pre drill rise .
approaching . I think I did say just last week I was expecting another top up opportunity before the drill starts turning . This may not be the only one though most wouldn't expect it to drop much . Don't see it dropping much further . 2.7/8 would do me . A steady rise would have been nice but the markets don't always work like that . Fill your boots
AC does have a lot of 'skin in the game' and is no doubt sitting at a reasonably low average at the moment but it has certainly cost him a lot to bring his average down , he has invested far more of his own money than anyone else here . He is now basically locked in until the sp is at a reasonable level . That level will only come with a good workover result . If he were to notify the market that he has been selling some before we get a good result then too many people would follow suit and devastate the sp . And the rest of his shares would be worth nowt . He needs a good result from C37 just as badly as the rest of us .
Mudstud . Lets hope so , 50% from here to drilling would please most of the long term holder . But knowing how markets are played I wouldn't rule anything out . A small drop into the 2's prior to drilling would be a chance to grab some but I will be just as happy with a steady rise . If they come up trumps on C37 we will all be happy . Well nearly all of us . Shouldn't be too long now!!
Resourcehunter . Tempted to grab more myself and though it would be nice to see a steady rise from I think there may be chances to pick them up below 3p before the drill starts turning . It moved quick to 4p and then just as quick to 2.7 recently while its being played so still opportunity to happen again . Once that drill is spinning and results out then who knows where this could end up .
Exactly how Mudstud and Ezhik described . This ha been something AC has been hoping to do for qute sometime now . Baku is a great place and it will be a good visit especially for those from a non oil background to get an appreciation and understanding of how the industry works . I wil certainly sign up and get the chance to see some old friends again . If I can work it with my current situation.
To see Mudstud is back and bringing some positivity with him . Hopefully we are finally under starters orders for some to stat seeing some profit and others on the way to breakeven and beyond . Whole new game in play now . GLA
Of course you did . As a great trader who bailed out at 2.5 and decided to put the company down , you are now pretending to buy back in .Just lies after lies . Nobody cares . We will see from your posts if you actually bought back in .