Member Info for SEA7

they should be able to identify the zones where the water comes in and isolate them.

an example....

water shut off application

https://www.youtube.com/watch?v=_yklTlzh7FU

the prices at the time that 4m trade went through were 3.2p bid, 3.3p offer.

The price of that trade was 3.298p - it was a buy, with sells showing steady at 3.2p before that time stamp

someone hoovered up a lot there.

https://twitter.com/BlockEnergyplc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

your best bet, is to dummy trade and then you will know where the prices are in relation to any trade and you will get a better understanding.

because the information is indicative and based on the mid price at the time of the trade.

3.3p to sell, 3.5p to buy - mid price is 3.4p - if a trade is below 3.4p it is marked as a sell and above 3.4p marked as a buy, based on probability. As the trade was at 3.4p - the mid price, it is unknown as they cannot "guess" one way or the other.

I wouldn't place too much emphasis on trade reporting as it is not that reliable. I have bought stocks way below mid and seen them reported as sells countless times.

what we have here is quiet accumulation by someone.

and every rise will be sold into - nature of the market.

We need to clear all those sub 3p that are selling - once they are gone, then the supply is exhausted and buyers take over.
This gets repeated at 4p, with players who bought in the low 3's

no different to any other stock.

we either trudge through it, penny by penny or the company gets more good news out and the stock will gap up, where buyers will be soaking up the same sells, just at a higher price level.

she definitely gives andrea a hard time - get someone competent to talk about the wells! - andrea took that well.

tks gg,

we got off to a terrible start, however, the change in strategy is paying off, so far. AC is determined to make a success of this and he is looking over a much longer timeframe than most on these boards are. He will be annoyed that the share price is so low, however, if the company builds on its success at the drill bit, AC continues with debt management and reduction in costs, then the share price will reflect the new zenith, sooner rather than later.

full note...
https://www.arcratings.com/admin-uk/modulo_news/ficheiros_noticias/20191008231814-120191008zenithenergypren.pdf

all good in my view - sits with the strategy for full field development - we are getting there slowly and it was to be expected that the early phases were going to be funded by debt/equity - once more wells are online and then cash can be used to fund future drills and run off the debt side of things.

the set backs from phase 1, that being old soviet workovers is behind us now - that has cost a couple of years, still no use griping about it.

The forecasts prepared by Zenith Group for the FYE September 2020 considered the development of the Group’s business as it is now progressing (i.e. with no new investments besides those planned for the Azerbaijani operations), the gradual and consecutive increase of oil production in Azerbaijan from the current 234 bopd to 450 bopd in October 2019 and to 2,340 bopd in September 2020 (with the deepening of wells C30 and C37 and the drilling of four new wells), average oil prices of 57 USD/bbl, financing from the cash flows generated from operations and from the issuance of new equity shares (CAD 3.5 million) and from the issuance of bonds (CAD 4.7 million), and no payment of dividends.

With these assumptions the Group forecasts to achieve revenues of CAD 34.5 million in the FYE September 2020 with an EBITDA (considering all the capex as operational expenses) of CAD 14.0 million and a net profit of CAD 13.0 million.

Considering Zenith’s forecasts, ARC has estimated that the Zenith Group will achieve a positive cash position (net of financial debt) of CAD 6.2 million at the end of September 2020.

the arc rating note says ...

The deepening of C30 will follows and will take 20 to 30 days to achieve production. The Group were expecting to achieve an average of 200 bopd for each of these wells.

these are non convertible as well.

zen has the facility in place - re rns jan 2019..

zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that it has issued and listed EURO 3,120,000 unsecured corporate notes at par value (the "Notes") on the Third Market (MTF) of the Vienna Stock Exchange.



The Notes bear interest at a rate of 8 per cent per annum, payable semi-annually, and are listed on the Third Market (MTF) of the Vienna Stock Exchange ("Wiener Borse AG") as "ZENITH ENERGY LTD 8% NOTES - 2021" The International Securities Identification Number ("ISIN") of the Notes is AT0000A23S79. This issuance is part of an approval to list up to EURO 10 million in several tranches and with the same ISIN.

https://www.investegate.co.uk/zenith-energy-ltd--zen-/rns/successful-listing-of-corporate-notes/201901110700048537M/

missed zero off - sorry...

MINIMUM INVESTMENT AMOUNT £10000

yes - minimum investment £1k by the looks of it.

https://therightcrowd.com/project/zenith-energy-bond/

TOTAL RAISE AMOUNT: £12000000

True russ - the stock was over 12p a while back, after images of that gusher at z21.

was oct 2017, however, they are still going back there at some point....

for those that may have missed it....https://twitter.com/zenithenergyltd/status/921304861693575168?lang=en

https://money.usnews.com/investing/news/articles/2019-10-09/hungarys-mol-in-talks-for-chevrons-2-billion-stake-in-giant-azeri-oilfield-sources

Hungarian energy firm MOL is in talks to acquire Chevron's stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process.

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

Perhaps Andrea is having a bash at getting it - maybe this was the asset he is after --- LOL