Member Info for SEA7

https://finansavisen.no/forum/ticker/ZENA-M

make sure you have the translated page though!!

yep some decent buying in chunks today

500k share buy that is!!

500k buy at the full offer, 10 mins after the close -bodes well for the morning.

seismic team at morning meeting

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

to be expected crabby - buyers have eased up a bit, however, the market makers will happily push the stock down on the slightest sale to ensure that those worrying about their profits, panic a bit and sell.

whether zenith will follow the typical path of rise, pull back, then rise higher remains to be seen, however, this pullback is a natural process as players buy and sell.

hello gary - yep, somewhat hypocritical of them - reading the posts and then complaining that they aren't singing the company praises and blaming BB users for the fall in the stock.

it would be a Bit like tesco blaming their customers for not buying stuff that is highly priced and daring to shop elsewhere to get better deals.

What next - shut down comparison sites as it hurts those charging the most.

there would have been quite a few, however, the previous rns said initial testing and then went on to say that they would communicate stable flow rates later.

today, six days later, after the well has performed better, they communicate the results of this so far with an expectation of further work to be done

andreas first rns basically says, this is what the well can produce based on what we know so far ...

probably should not have bothered with the first rns - as the market misunderstood it.

i said free speech mike - not necessarily accurate speech!

good luck AJ - i doubt we will hear from you on this board again - unless you buy in.

i am surprised though - you held through all the bad times and just as things start to get better, you bail ou

lol

all those wells AJ were workovers using data that was unreliable from soviet era.

c37 was drilled by socar in 2008 and they have much more reliable data.

the failures of the past, is the reason for the new strategy - which so far, is working far better than anything they have done before.

no point comparing the past with this well.

nice to see that zenith has held the highest riser of the day since the open at 8am.

Possibly going to hold that slot all day

SXX Ceo, blaming bulletin boards for his company's ills is pitiful at best.

laughable and puerile attempt at pointing the finger of blame, in an attempt to deflect the poor performance from himself.

no one will be shutting down BB's - as they now represent an official medium for the the exchange of views, which facilitates free speech. - might as well shut down the internet and take mobile phones off people as well.

the buying pressure is there for 4p plus
the results dictate positive forward momentum - equating to over 4p on the stock price.

whether it will be today or not remains to be seen, however, it is doable.

on october 3rd around 6m shares hit the market as conversion shares and debt reduction shares - I think the volume today has provided the opportunity for the holders of the conversion shares at 2.8p to feed them into the market.

One workover rig is active at present. A further new workover rig has been purchased and is scheduled to be operational during 2019. Additional equipment may be purchased or contracted as required to optimize field redevelopment.

The historical performance of each well including peak rates, cumulative oil and water production, and recent performance has been studied to identify wells that are likely to have successful workover. The results of previous workovers were noted. Although most wells flow to surface, the installation of electrical submersible pumps was usually very beneficial and is expected to form part of most future workovers.

In addition to the 33 recently shut in or marginal producing wells, five non-producing wells completed in the Maykop zone in the Zardab field are expected to be worked over and to be returned to production after wellbore and sand production problems have been resolved. Depending on the results of the programme, the Zardab field may be more fully developed

it should also be noted...

admin expenses...

three months to end june 2019 - £574K
three months to end june 2018 - £1,938,000

biggest impact was non recurring expenses of £777k that are not in the 2019 figs

That is a reduction in admin expenses for the three months of £1,364,000
all good news in my view.

yep great news at zen- I hold there as well

46% up by the look of it.