Member Info for SEA7

hi harrizma,

Thanks for your positive view.

I did sell out of this in Jan of this year when it was 9p and booked a decent profit. I began rebuilding a stake, slightly earlier than you, however, I have an overall 5p price. Not too shabby, considering I have also been buying in the 2's as well.

For me its about getting the kit onsite and a decent result at c37 to get morale up.

From MD and A to end Sept 2018...

The Directors, having made due and careful enquiry, are of the opinion that the Group has adequate working
capital to execute its operations over the next 12 months. In forming this opinion the Directors have considered
the cash flow forecasts prepared by management and fund raises completed post year end. The cashflow forecasts
include the capital expenses in respect of well workovers and drilling which the Group believe will be covered by
a combination of funding generated by operations and the funds raised post year end. In order to operate at the
levels of production stated in the competent persons report (“CPR”) the Group will need to raise additional funding
to meet the capital expenditure required.

Nov 23rd update...

The Company has received confirmation from B Robotics W S.r.l., ("Robotics") that the BD-260 drilling rig, purchased by its oilfield service company subsidiary, Zena Drilling Limited, ("Zena"), is now undergoing final testing and quality control prior to shipment which is expected to take place during the first fifteen days of December. The testing of the equipment will entail a full rigging up of the BD-260 drilling rig in the Robotics base for inspection by Zenith's technical team.

aj - thing is, different staff members, taking a different approach now. Andrea did say "do not get hung up on individual wells"

We know they made a host of errors over the last year or so, however, they are going at it again.

We do need to remember that Z21/Z28 are in varying states of completion and will be lined up for work to resume.

The most important thing is to be able to get a decent success under the belt, even if it is just for morale.

spot on bear - gone blue!!

yep -

They are working on several different areas at once.

kit arriving
infrastructure upgrades
C37
esp's

They do seem to have a renewed sense of urgency and a more co-ordinated strategy.

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

Reconstruction of oil storage tank in Shirvan, Azerbaijan enters final stage

and

https://twitter.com/zenithenergyltd/status/1072865413145362432

Installation of new 30 m3 drainage tank completed during previous days as part of oil storage tank reconstruction activities in Shirvan, Azerbaijan

there is positive momentum building -

https://twitter.com/zenithenergyltd/status/1072837967243345926

BD-260 drilling rig substructure 75% assembled.
Next steps: installation of diesel engines, compound drive, drawworks and driller’s cabin. Assembly of mast and lifting of the same to follow before final testing and shipment

Gamma Ray, Casing Collar Locator, and Caliper log tool being run in hole for final phase of C-37 wellbore preparation for deepening operations

https://twitter.com/zenithenergyltd/status/1072820238931103744

lets hope so

I see they tweeted the wireline logging commencing earlier today.

rigging up BD260..

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

cameron is too busy now, with his new venture...

recruitment group holdings - he was appointed director in september 2018.
He is also joint CEO at first equity.

give him a call at first equity if he won't listen to you at tallymoney/goldbloc or whatever name he is calling it.

https://www.firstequitylimited.com/contact

I took a few more today.

Thanks Ezhik.

zenith have used caspian wireline services ltd in the past for wireline logging

they were also utilising quad neutron logging tech - not sure if this will be used here though.

pulling scraper out of hole - c37 - then wireline logging and evaluate performance of production test.

https://twitter.com/zenithenergyltd/status/1069896749014310913

there are other stocks that display yesterdays action as well, so not limited to zen.

From Nov 23 update..

The Company's field team is currently running in hole with a tri-cone drill bit which has successfully cleared the previously detected obstruction at a depth of 1,830 metres and expects to reach the target depth of 3,904 metres (production cashing shoe) during the course of this morning.

Following completion of the aforementioned activity, the Company will pull the tri-cone drill-bit out of hole and subsequently re-run a scraper in hole to perform a final cleanout of the casing to a depth of 3,904 metres.

.......

Tweet today...

Running in hole with scraper in well C-37. Previous obstruction encountered at 1,830m cleared successfully. Currently at approx 3,400m.
Next steps: 1.) continue running scraper to 3,904 metres, 2.) pull scraper out of hole, 3.) begin wireline logging

someone is desperate to sell and the mm's taking full advantage by offering below the bid.