Member Info for SEA7

i agree - why?

andreas empire building - he should focus on az only.

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce that it has formalised an offer to acquire a Norwegian oil & gas company, Nordic Petroleum AS ("Nordic"), by way of an exchange of equity.

AND

Nordic was founded in Norway in 1996, where its shares are traded on the Norwegian OTC market, and has around 1,100 shareholders. Its primary activities have been in heavy oils in Alberta, Canada. In addition, it has significant tax credits in Norway, as well as an ongoing legal claim against a UK party. Zenith has agreed to withdraw itself from any positive or negative obligations in relation to this claim meaning that any potential benefit or negative liability resulting from the legal claim will rest solely with Nordic shareholders. Nordic currently generates no revenue.

what solo ceo said earlier this month..

The board set out a new strategy back in April that we were going to grow a production-orientated business in the European gas market targeting 5000 boepd within three years''.

what solo aka scirocco ceo says...

Based on the progress to date and the confidence we have in being able to add further production through both organic growth and also by further acquisition we believe we can grow the company to 20,000 barrels of oil per day within five years''

recovery pools..

norio
Capital costs, including an historic cost recovery pool of US$20 million, can be recovered from 50% of the production revenue before sharing with the government.

satskheni

Capital costs, including an historic cost recovery pool of US$ 10.276 million, can be recovered from 50% of the production revenue before sharing with the government.

west rustavi

historic cost recovery pool US$6.7m can be recovered from 50% of the production revenue before sharing with the government.

They are proving up the field further with 3d - this will identify new structures and/or drilling locations.

Once they have done that and they are selling gas and oil, then they will be more attractive to a buyer.

it is easier to go exploring for reserves of gas and oil on the markets than it is to go wildcatting.

yes - a large order from a player like that will be sent to the house that they think has the ability to fill the order - it won't necessarily be the lowest priced house on the stock, however, they will expect the order to be filled at those low prices indicated by others - its the case of "do you want the business or not, can you fill, if so, I will push more your way later"

that is the reality though.

mike - block was formed by the guys at goldcrest - haywood showed up towards the end of goldcrests operations.

The company had little cash and not a lot going on. Where do you think they would have got a team of experienced geologists from when they had no money to pay them.

They did what anyone with any sense would do - they used the resources at their disposal - that being Nial - now the company is in a different position, new hires with more experience and knowledge have been appointed - Nial probably feels as though the time is right to move on - nothing wrong in that - he will have done well out of it.

http://www.iskanderenergy.com/about-us/technical-team

Kevin Vanbuskirk Completions Manager
Extensive Canadian and U.S. multi-stage frac / completions experience in both conventional and unconventional with Talisman/Nexen/ Apache

the very same kevin we have on blocks team now.

jim lee is listed as senior geologist at block on his linked in page - perhaps nial didn't like the fact that jim is the senior geologist

https://ca.linkedin.com/in/jim-lee-95a92635

steve smith went from jx nippon to akeman - this is his page although he doesn't reference jx

https://uk.linkedin.com/in/steve-smith-17a99a1b

this magazine from 2014 shows steve smith moving from jx to akeman...page 38 fourth column..

https://issuu.com/pesgb64/docs/pesgb_may_14/39

725k shares - would be nice to see an edit button on this site - like others have.

yep - large late trades showing up 725 shares - mopped up all those sold by traders and weaker holders.

bungle..

he clearly believes in blocks chances as he felt that "bike" day will be along soon

schlumberger massive losses....

https://www.upstreamonline.com/shale/opinion-oil-services-goliath-crashes-to-earth/2-1-692884

Few believed the total cost of impairments at Schlumberger would reach $12.65 billion and the overall loss, at least on paper, is surely the largest in oil services history.

.................

Perhaps PH will be after schlumbergers blocks

mike this is a big piece of the plan in place - it finalises a piece of the infrastructure to the model.

Gas sales are Q1 2020, meaning they will not put meat on the bones of actual volumes for a few months, whilst the work is done to connect up.

we have updates on 16, results on 38 and 3d seismic to come in yet.

The 5.2% move today is welcome and reflects the positivity around the stock again.

thanks terrier -

georgia is shaping up its gas market .. see this article re their plans for gas regs from last year...

bago will be looking for good domestic supply if they are going to have an exchange to sell on.

https://www.euneighbours.eu/en/east/eu-in-action/stories/new-gas-regulations-come-once-georgia-complies-eu-energy-legislation

GL also

v111ja - lol - thanks.

v111jas

why mike wastes his time posting on this board, when he could be researching his next play, taking a position and posting on that board is beyond me.