Member Info for SEA7

Thanks Scamp!

jekyll..

bigboffer is about right with the assessment.

I have invested and traded AIM stocks for nearly 12 years - you do have to be nimble, you do have to get in early and you do have to watch the spikes and be ready to trade them, if needed.

The only way to beat the MM's on Aim stocks, is to buy when the prices are at depressed levels for whatever reason and go long. If it moves up, then retreats, buy more on the retrace and stay long. Wait for the decent share price triggers to hit and sell some into any real, substantial rise - to book profits and lower your remaining average.

august placement...

The Company intends to use the proceeds of the Placing to fully fund the execution of well deepening operations in wells C-37 and C-30.

October placement...

Zenith intends to use the net proceeds of the Private Placement to finance the purchase of long lead items and the beginning of civil works required in preparation for planned drilling operations at well M-247 of the Muradkhanli oilfield, as well as for additional general working capital.

thanks Ajw - I probably should have alluded to that fact!

not really...

the longer it takes, the more PI's start to worry and dump their holdings, which depresses the price further, prompting more PI's to assume that they knew something and sell as well - creating the downward spiral - pure herd mentality.

I have been involved with companies that cannot be bothered to even publish flow rates - they simply state it went on production on xx date and drilling to commence on next well on xx date.

They are targeting 325bopd per well - that is the expectation - getting a good result, with even 250 bopd for each well gets us past first base and we can move onto the next - 38 and 16 are historical producers.

always annoys me when I see stuff like that about market makers.

this is a setsqx stock, meaning it is quote and order driven. The retail investors compete with the market makers for stock on the same terms, however, in periods of low volume, the market makers provide the quote driven aspect and will make the market as required. They do not artificially funnel trades into the market to create the illusion of volume. They simply stand behind the stock and provide shares to buyers and take shares from sellers, when there are no orders to match on the book.

I topped up a bit here today - seeing as a general marking down of oilers seems to be the way today.

not long before we get some news on the azer front.

https://apex-capital.co.uk/wp-content/uploads/sites/15/Xantis-PE4-Fund-Factsheet-April-2019.pdf

fund holdings as shown in april - percentages at end - heavy weighting of zenith.

Zenith Energy - 8% Notes Fixed Income Global 30.0
Zenith Energy Ltd Equity Global 5.0

no PH wouldn't - he wouldn't making the same mistake twice.

Rather than getting to the end of day one at reporting 1100bbls/d, they are flow testing over a decent timeframe, cleaning up the well and then once it is shows stable production of oil, they will report the results and forward expectations.

we ought to get some emails off to them, if it hasn't already been done stating...

you had better not be releasing these little videos of the drill site, giving the impression of all going to plan if this well is anything other than a successful producer.

that is right and whilst they may have made these videos during drilling, they are releasing them now

there is no way that they would be conveying the message - look, this is how we drilled a failed well.

Miton did have to - they couldn't meet the redemption requests and sold out of companies that had done relatively well, to reduce the overall forward impact on the fund.

Thanks V111JAS,

we are much closer now to the updates and as they are releasing video footage of 38, we should see that as a positive.

careful analysis of the days trades and their timings in relation to other trades, blocks market direction and volume effect
allows you to have a nice and clear picture of the day. Would be easier if trade reporting software was not based on a mid price, however, it adds to the edge you get, if you can read the market.

when you look at the actual listing for trades

the trade list below is the actual order they were printed at, however, publication alters the sequence as shown.

trade 27/28/29/46/52/30/31/32/33/34/35/36/37/38/39/44/45/40/41/42/43/48/49/50/53

as trade 53, is positioned in the correct sequential position, that being 53rd out of 53 trades, we know it was definitely done after all others today. As the sell price was confirmed at 5.85p and trade 53 was at 6p for 1m shares - it was a buy.

no simonT - i see the numbered order the trades released at and print times

today we saw 53 trades in total for block energy.

trade no. 50 printed and released at 16.23 as a live trade.
trade no 51 was released after 16.23, which was a 250k buy from 10.53
trade no 52 was released after 16.23, which was a 250k trade from 11.30
trade no 53 was printed at 16.27, released after 16.30 and was the trade of 1m shares.

the only possible way that a sell order for 1m shares at 6p would go through almost immediately after a sell order for 390k shares a 5.85p is if someone is accumulating everything they can get their hands on as fast as possible.

Not a chance of that being a sell SimonT

advertised prices were 5.8p to sell and 6.3p to buy.

16.22 - trade for 390k shares at 5.85p goes through - definitely a sell
16.23 - trade for c. 21k shares at 6.10p goes through - a buy.
16.27 - trade for 1m shares at 6p goes though - definitely a buy.

The publication of the trade may have been delayed until after the market closed, however, it was only three minutes.

late trade shown up - 1 million shares at 6p

at the time sells were going through at 5.85p - there was one for 390k shares at 16.22 and a buy at 6.10p at 16.23.

That 1m trade is printed at 16.27 - definitely someone mopping up.