Member Info for SEA7

prices are firming up - online prices are 3.50p to sell and 3.7p to buy.

The displayed prices should change soon.

Yep - still no tender announcement and commencement of deepening operations.

think we may have bought same day - I paid 2.9p for 100k shares on 3rd Jan - only put part of a position on to begin with!!

Andrea is presenting soon and I expect he will want something new to say, so I am hopeful of the tender being announced and C37 getting progress made.

It does look as though they underestimated at AAOG and are not risking going deeper - perhaps they started to see bigger issues and stopped where they were.

ezhik - definitely a nice move on that one recently - the offer price is 35% higher than when I bought in.

were waiting patiently!

new tweet - BD260 shipment underway.

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

sidetracking ops underway - short video

https://twitter.com/blockenergyplc?lang=en

Ezhik, nope - prior commitments elsewhere!

Thanks Sarge for the info.

yes, I know socar are involved and will be in consultation with zenith, however, they are only tendering to deepen a couple of wells, with a modest rig. This should be a relatively straightforward process for both parties.

yep.

It cannot really be that difficult to assess each bid and then select the preferred choice, pick up the phone, tell them they have won and then rns's it.

I was expecting..

tender announced
name of company.
start date on deepening of C37.

They could have shoved all that info on the rig, into a tweet.

Block’s Light Throws Shade

The continued progress that the Company is making underlines the difference that the application of engineering science and a well thought out programme can bring to an appraisal programme.

While the outcome of the programme will not be known until the flow tests have been completed and analysed, we have growing confidence in the Company’s management to be able to deliver a coherent programme.

The management team have made more progress in advancing the understanding of their asset base in the ~12 months since listing, than Fronterra Resources has in more than 12 years, which continues to make Fronterra’s management look as weak technically as we have always believed them to be.

To that, all credit must be given to Block’s management.

https://www.proactiveinvestors.co.uk/columns/sp-angel/30518/first-oil-23-january-2019---sp-angel-s-snapshot-of-oil--gas-news-30518.html

Focus on the Important Issues

The update from the Company has demonstrated the difference between management that understands the scale of the issues they are facing, and those that don’t.

The equipment list the Company has disclosed is neither here nor there, nor is it special in the context of well operations, so quite why it demands mention, let alone a whole RNS is beyond us.

To that end, that Zenith’s management has seen fit to announce its arrival in such detail underlines how far wide of the mark the current thinking is. The only thing that matters for the underlying value proposition isn’t the drilling equipment, but the knowledge it unlocks and, ultimately, the revenue that its application delivers.

Consequently, while we are pleased that the Management believes that they have the requisite equipment to execute their task, the execution of the drilling and appraisal programme is the only thing that should matter to management and investors alike.

https://www.proactiveinvestors.co.uk/columns/sp-angel/30518/first-oil-23-january-2019---sp-angel-s-snapshot-of-oil--gas-news-30518.html

In a note to clients, analysts at SPAngel commented: “The continued progress that the Company is making underlines the difference that the application of engineering science and a well thought out programme can bring to an appraisal programme.

“While the outcome of the programme will not be known until the flow tests have been completed and analysed, we have growing confidence in the Company’s management to be able to deliver a coherent programme.”

https://www.proactiveinvestors.co.uk/companies/news/213131/block-energy-kicks-off-sidetrack-in-west-rustavi-well-213131.html

yes, looks like we are setting up for another run at those prices. Perhaps this time, we get above them and then settle above 4p.

Held todays gains. Did this recently and climbed steadily into good news, which was then sold into.

Decent volume producing a good increase, indicates no selling volume yet. With news due, we should be able to push higher and have a second go at pushing above 4p resistance, which was the listing price.

actual prices are 3.27 sell, 3.6 to buy, so we should see that upward movement reflected in the displayed bid soon, moving up from 3.1p

price is moving up on decent volume,

more news to come soon.

https://twitter.com/blockenergyplc?lang=en