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Without getting too far ahead of ourselves the 5000bpd was the maximum from only some wells in the njeno obviously there are others producing much less . Also will zen be expected to look at the mengo? first and foremost?
Ezhik. All of this acquisitions stuff has been a concern to me but recently confirmed that the program in Azebaijan is still going ahead as planned , although I was obviously not told of what that current status is . Also that this African acquisition will impact the Azer operations in any way . Backed up a little in the rns this morning with the BD260 remaining in AZ to continue its works . In view of that I am hopeful of the Coro deal coming off and also this African foray remains to be seen . Unfortunately , I have money spare at the moment which I could use to severely drop my average but I am hesitating to do so until we hear more about C37 / C30 . So a bit of a turn around in how I feel about the situation , though I am not counting my chickens just yet
SEA7 . "Only a professional will buy when all the ducks are lined up --low volume, low price, pessimism and fear abound." Come on man !. then were all professionals on here because practically every day for the last couple of years we have had all the ducks lined up , -low volume, low price, pessimism and fear . The real professional wouldn't have bought in here . Would have sat and waited and looking at zens history would not be buying in now . Probably wait until he is sure that zen have increased and maintained higher production and increased cashflow . So it may be a while yet .
SEA7 . Don't ty to polish it up like there is something all proffessional and good going on here because there isn't and while most of us sad investors are treated with contempt maybe others aren't . We know what we bought in for ,and we now whats happened along the way and we know some on here have worked in the industry long enough and even the Congo , to have some insight in it . We don't now why we have the silent treatment with regards tweets of C37 / C30 . We do know that the ZEN plan was to buy up other assets [producing assets that is] but none of us were expecting that to take place when we were skint and having to issue equity . Clever proffessionals , bull**** . The market didn't get to know about the African deal until the 23d December now look at the timings of those buys you posted . Only most of us are expected to have blind faith when it comes to ZEN .
Wile . They wont want it that bad . In fact if they think it is going to start costing them money they wont want it at all .
Wile . Zen wont give a sweeter deal . Why should they and they are certainly not out to help AAOG . They give the impression that it is done and dusted as they have already stated employing people for it. They have seen a chunk of 5.3 mil is up for grabs and are wanting it .
The thing is why the delay in getting approval . Christmass holidays isn't an excuse , I think we had xmass day off but the Socar lads had a week , but most came in for double time .If there was a delay in getting approval they could tell us why . They could have put something on twitter but they didn't and they knew it wouldn't help the sp . So yes we should get an update at some point . Just worried about what it will be .
Resourcehunter . I am still with you on this but I cannot help being somewhat negative atm . Due purely to lack of comms from ZEN regarding C30 /C37 . Even privately they wont discuss the situation of even putting a picture or two up . The lack of comms and news of this mad African adventure is to me unnerving . We have been through periods of silence before which never ended good .
If that the case may aswell just scrap them now . The remit that I seem to remember was buying into vacant producing established fields and with new technology increase production . High risk exploration not required . If they could focus on Azer then they could make it a success . I didn't invest here to abandon Azer and go to what looks like a one hit wonder with a 20-25% cos , in one of the riskiest places to do business on a project that another company is trying to save . If ZEN get in there and drag the BD260 across there then as investors were going to lose everything probably before any drill starts spinning . The plan is and has been that the BD260 will do a quick drill on C30 , exceed production expectations and start to fill the coffers with cash . It is a given according to AC . Any change to that plan is going to be an act of desperation . C37 and C30 were going to be the start of everything good . Prove to the market that they know what their doing . Why throw a **ck into what seems like a plan .
Unfortunately we don't get the chance to vote . What AC wants he gets . There is no doubt from our point of view that he gets good deals that are in the interests of ZEN . Just the ability to take advantage of that is where ZEN is currently failing .
Mag . Azer Is not dead by any stretch of the imagination . The problem arises when someone cant get it out whether that is because of lack of finance , bad decisions or just bad luck . The oil is already there waiting to come out . So long as Socar and Zen keep it amiable then there is no reason it shouldn't work going forward . Sorry , expanding into other counties right now , could be a reason .