Member Info for SEA7

market makers won't move the price until we see pressure from one side or the other. At the moment it would appear that the point of maximum two way trading is where we are, with buys happily soaking up any selling pressure.

We need to see an exhaustion of sell side supply for the price to begin to move up quickly, without any news to drive it.

and an after hours 200k buy at 4p - bodes well for tomorrow. Based on your 3.92p buy price stardelta.

your trade shows now stardelta

could be - spread nearly doubled to 13.16%

someone knows something - prices moved to 3.8p to sell and 4.30p to buy

just moved up a notch on the bid to 3.7p

Deployment of A-100 workover rig to field operations expected in March 2019.

Completion of work on BD-260 1,200hp drilling rig in Italy. Currently en route to Azerbaijan. Deployment to field operations expected in early March 2019

Perform two well deepening operations to test Upper Cretaceous formation in the Jafarli Field during the first six months of 2019

Utilise the Company’s two workover rigs to increase production from existing wells and perform high-intensity well preparation for deepening activities

Pay dividend to shareholders if revenue position allows this following successful operational performance during 2019

you will note that two different trucking companies are in use so far...

carturan and Ozilbas.

yep - at higher prices after the news.

what AC needs to do is stop talking his book, get the rig onsite, deepen c37, get it on production and rns a meaningful increase in production - nothing less will do. All that the market hears is talk and no action and it is action that will move zeniths share price.

The days of zeniths share price moving up in anticipation of action are almost over, as Andrea has not delivered on stated objectives before hand and the market will now only believe what it sees with zenith.

ajw - they are comparing microbore against conventional at 44 and 39 as a test case, as well as part of the workover plans and as they are 1000ft apart it is hoped that they can showcase the effectiveness of this microbore tech, as they are marketing it as well.

They do have three intervals to perforate at 44 overall and for them to achieve a good test result, they should leave both wells on production for a while, to see how each well responds over a bit of time after the different technological approaches.

They were preparing three other wells for micro drilling this month, so we have..

news on 44 and 39 to come
news on these other three wells to come
news on the sidetract at rustavi to come

the above is short term news and they are confident.

Whether they re-enter 44 and perforate more intervals or go back to it later, we have a lot of news due over the coming weeks.

IMO.!

rather than wait and sit here complaining, I did the only thing I could and that was buy more stock in the 2's and low 3's, then sell that part of my holding for a 20% profit when we went up to just above mid threes recently.

Booked a good gain and reduced the overall cash exposure on my core holding by nearly 6% and was left with the same number of shares, that I had before implementing the trading plan.

The stock has retreated again and unless we get news soon, it will fall further - I will be buying another tranche in the 2's and very low 3's again, if it gets there and only If I think it will push back up again afterwards.

Rinse and repeat.

We are at resistance of 4p - the listing price - some sellers will be in the background exiting after waiting so long.
Once the supply is exhausted we should move up again, especially off the back of some good news.

narrowed the true spread - sell prices moved up to 3.9p with buys at 4.05p

thanks meadow.

actual sell price is 3.83p against 4.05p to buy, so the real spread is .22p

square the book for the weekend!

Yep...

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

This was to be expected. We have returned close to the 4p listing price and there will be some holders selling, just to get their money out. Need to work through this volume, preferably with a bit of news, to justify gapping up.

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

another one, showing bd260 being loaded on to transport.