Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
RH . Excellent news . I now the guys in Zen have been really pushing this . If the big guns are using the ig it must be up to scratch . A month and were drilling and producing from the easy bit . His recent visit must have gone favourably .
No they couldn't . They could possibly be penalized for missing the 90 day production uplift but by most that is thought unlikely , that would only affect part of the asset not the whole . The other part of the agreement they covered.
Yes . Very interesting . Seems to tie in nicely with what I was told recently regarding the ministerial elections which were on the 9th February . Obviously the statement was written prior to that date before the results of the election were known , it turned out okay for Zen who then rns'd about C37 two days after the election was held . Two parts of the Redpsa where zen could be penalised but either wold only affect pat of the arrangement . One should be covered by drilling into the upper cretaceous and doing "x" amount of seismic surveying , box ticked there , the other part , production increased for 90 days , just missed and could be argued , delays by others to hit that point . They knew they couldn't hit it but carried on . I have been told that these elections have had a bit impact since and on the run up . I don't know who the oil minister was before or is now but whoever it is sounds favourable if two days after the election zen announced going ahead on C37 . Pages 18 and 27 would seem to be okay . Dyor
RH . Heres one for ya I just discovered . I , having been to the place and knowing what it is like then the following may be of interest . Parliamentary elections have just been held on the 9th of February . On the run p to the elections which could be over months it is likely that some ministers would lose or change positions during this time a lot of activity would come to a standstill . It is likely that there is nothing sinister after all and that everything is as stated in RNS's . They did tell me everything was ongoing but obviously we all make our own minds up on the information we gather . Yes maybe it should have been in an RNS but knowing what ZEN are like with RNS's , maybe just waiting for a signature would do . Election was the 9th Feb , coinciding with RNS on 11th to say A100 going to be heading to C37 . Game on ? I certainly believe so .
Well we have survived another week and fairly intact for a fizzy Friday . Always time for an after hours and who knows what horrors we face next week . In the very near term I cannot foresee anything that will put any extra cash in the bank .imo
RH . Yes time will tell . And Zen did tell me a while back that another other activity will not negatively effect Zen ops and I believe them . And yes the BD260 IS still in Azer . I should think the sp can only go up from here as a drilling announcement for C30 should also be on the cards at some point
ResourceHunter . Interesting post from Ageos . So we could be back on track . Just have to see what comes first , Bonds . Dilution or C37 . Answers on a postcard . I still find it had to believe that they wouldn't have to tell us .
Ageos . What you said does make sense looking at the timings of announcements but as a minimum we have certainly been misled . It certainly joins the dots together but I find it had to believe it was something they would have been allowed to keep quiet .
Ageos . Just to follow on , although field activity may not have been performed then notifying investors of intent to do something knowing that you will not be doing it would also be considered "not Gentlemanly" and breaking some rules . Slip up on my last post , perforations on some wells in the filed somewhere . Anyway , with your legal hat back on , should they have to have notified the market if the decision was made to halt all development activity until futher notice . I would certainly have wanted to know .
Ageos . That's for the info as always you opinion is valued and what you say makes sense .Or perhaps not . Though you were assuming Zen legal people would have advised against any development operations after the 3rd October maybe nobody listened . As per RNS 's some development was expected to continue after that time such as perforating on C37 . If they were going to stop any further activity then we should also have been notified via rns . We are all familiar with the agreement and if you feel it is a good time to buy then fill you boots , it could work out good , a decent bounce back on the good news just round the corner and you should do well
RH . I thinK C37/C30 will be the catalyst here . We have had a lot of airtime with the AAOG/Tilapia and it has put ZEN on the radar . Now everyone knows about Coro , Congo , Norway and this new one . Get the news out for increased production from C37/C30 and head off to drill the new Azer well and it will be boom time .
Compass007 . Yes . Apparently there is a fine line between genuis and numpty . At the moment he is a genius . Same as yourself , still holding my original amount but so far down not worth thinking about selling . But much happier this morning . AC does things his way and that's it . Everything to play for .