Member Info for SEA7

depends on your investment horizon mike.

I saw the market trash this and beat the price down. I have been buying up under 9p. The longest I ever held a beaten up stock for was 5 years and made an excellent return on it. I buy at below the value of the assets and in some cases I have bought below the net current asset value, giving superb downside protection.

Whilst I did book excellent profits by selling block at 15.66p earlier this year, after only buying in at 2.9p in january (my post stating I bought is on this board from january) and topping up at 7.99p/10p during the initial run up from 4p, I normally make my best gains in years two or three after buying.

The longest I have held a beaten up stock for is 5 years and booked excellent gains on it.

This is a 100% buy at these prices, based on what we can expect, if your holding horizon is over six months.

I am quite happy to hold this for over a year or more if needed, however, I will trade it, if it spikes.

gone blue for lb28

yep it sure is waffle.

when the stock did not run up like last time and the larger sells we saw recently, I thought "fund raising" - sure enough.

IR at block will most probably have typed up the first or second response and then simply had a word doc copy of it on their pc.
Every response they send, they probably just copy and paste, then add the name of the sender and hit the send button - rinse and repeat.

I expect justin is bored to tears of the same whiny emails. It wouldn't suprise me if he just says "Paul getting loads of emails about your update" not happy. Paul probably shrugs his shoulders and says "cannot do much about it, until we are ready to send the next update"

ac wont be going anywhere and anyone who knows zen, will have been expecting a fund rais off the back of the drill bit about to hit dirt.

Go and look at the balance sheet - working capital deficit of about £5m

£2.1m of loans moved into the current liabilities from non current - they need paying - zen raised £1.07m and are now fully funded for the drills as they probably spent a load of cash paying off loan instalments and trade payables.

naive to think that this isn't going to need cash until it gets oil out of the ground in much greater quantities.

yep - certainly are!!!

bigboffer,

the point of ignoring the anticipated positives and only focusing on the actuals that we know of, is designed to see where it fits in relation to the share price and how much, if any, downside protection we get, with regards to preservation of our hard earned capital that we have deployed into this stock.

once we have a base idea like this, then we can build into it, expectations for improvements and enhancements.

at 295bopd and the level of fear and uncertainty then there is at least 2p worth of value gone until PH updates the market again.

If 295bopd was our daily rate ad infinitum, then a pe of 7.5 giving a share price of about 10p would be fair.

I had this at 10p for 700bopd as they had no storage in place and still on test facilities.

Get it into a permanent set up and pumping at a higher rate, with forward expectations then this should comfortably trade at nearer 15p in my view.

https://www.bp.com/content/dam/bp/country-sites/en_ge/georgia/home/pressreleases/sgc.pdf

(last year, admittedly)

“Georgia moves one percent of the world’s oil and gas volumes with he said. One percent may not sound like much, but considering this is one percent of the entire demand of the planet, it is critical energy corridor country. “

and

BP has invested more than $4 billion in energy infrastructure and sustainable development projects in Georgia, one of the largest of which is the South Caucasus Pipeline Expansion project.

and

“Excellent regional cooperation and relationship models built in the region and solid trusting relationships built upon over twenty years of operations in Georgia will remain key to the success of all future opportunities.

spike - "locked in" - did you take part in a placing and agreed a lock up period? - if not, then you are not locked in. You are just staying in because you cannot stomach booking a loss.

if you cannot handle the price of your stock dropping by 50% during your holding period, then maybe stock market operations are not for you.

why are you taking your cues to buy or sell based on price action and not value.

spike - if you are still holding at a loss, then you must still believe that the stock is worth holding at the level you bought in at.

By holding at a higher price than today, you are indicating that you feel that it represents good value at that price, based on everything you know and as it is cheaper now, even better value, so buy more. If you don't think it represents good value at the price you hold at, then why are you still holding?

I am a buyer at these levels and if it gets cheaper, I will buy more.

the company can only issue a tr1, if notified by the holder that their position has changed.

indicators for me on this LB are...

a day of abnormally high volume - tick 26th July.
stock trading sideways since that day - tick - around the 8p price since.
relatively low volume and some sizeable purchases in the sideways range - tick 500k shares trades seen.

no news and seeing the above quite often indicates an accumulation phase taking place. The stock may trade sideways for a few weeks. This is supported by the share price triggers in the not too distant future.

The above set up quite often indicates a surge in the price later on and those accumulating now, then move to distribution.
no guarantees, as bored sellers may push it lower and further delays will also, however, those accumulating can afford to be patient.

andrea says....

"I am confident that a positive result in C-37 and C-30 drilling operations will be transformational for Zenith's development. I am grateful to the shareholders who participated in this placing which ensures that we are now fully funded for the completion of well deepening operations in the Jafarli field.

whilst I am not expecting a sudden jump in the stock price on no news, the market is littered with examples of stocks that have leapt up in price for no apparent reason and certainly not on any news.

lb28 is not a fantasist, as this type of thing happens on the markets with at least one stock every day. Maybe not to the extend of 25%, however, this is a setsqx stock with no maximum spread, so it is priced by the order book and supported by the quote book during low trading levels. It can have outsized movements at any time, simply because it is where market participants are placing there orders along with market makers pricing as well.

satskheni is already known to be producing around 6bopd and that was in may and is cashflow positive

norio states that use of the specialist tool increased production from 10bopd towards 60bopd during the ongoing completion programme.

The recent rns indicates that norio is at 20bopd, after subtracting the 6bopd for satskheni.

The company states that it breaks even at the corporate level at 100bopd.

I noticed this drop, in the results they stated fourfold increase to 60bopd at norio/satskeni. This has clearly dropped back somewhat and could be the result of re-entering norio 31 - assuming it was producing at the time of these results.

notified the market - notified the lse - correction!

so, in short, one market maker agreed a price for the entire lot, then notified the market of the intention to put the whole lot through in small lots, rather than one hit, to avoid trashing the price by alerting the market. Once the market maker had finished the job, the market was notified and the trade disclosed.

you will note that this is usually done at a discount to the prevailing prices - I could buy at 3p then, so there is the possibility that someone has actually been buying at the bid here.

those 614k trades are non protected portfolio/single protected transaction trades. The trade is actually listed as "ordinary, delayed publication, non protected portfolio, single protected transaction" for both 614k trades.

Non Protected Portfolio - A non-protected portfolio transaction or a fully disclosed portfolio transaction. Normally a transaction of a number of stocks dealt with by one market maker at an agreed discount to the market price.

If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction, however, the market as a whole isn't told until the end, thus the order is protected.

definitely pink panther.

some good discussion today, whilst we await news.