Member Info for SEA7

I see at trade of 139k shares priced at 6.60p having gone through at 7.32 am?

this could be our seller, exhausting supply - we will only know, when we see the price start to rise on smallish buys.

bigbench, those that have gold stashed in a dusty vault as you put it, have it in that vault for a reason- it is out of the system, in their hands and able to be accessed as and when they want it. They will not be handing it over to lionsgold in exchange for digital tokens to represent what they once held in physical form and no longer under their full control. the others who already have bullion in vaulting systems that are not directly controlled by them, enjoy the fact that it is separate from their fiat accounts and will sell what they need to, if they need to and then transfer the fiat balance to their bank account to use with their debit cards, free of card transaction charges. They will only incur storage and insurance charges. What lion is offering is not some holy grail that everone will flock to. In the last 30 days, gold has dropped 4.2% in dollar value, so if you had bought goldbloc coins, then you would have suffered a real loss of 4.2% over the last month in the fiat value of your account, add in the storage and insurance costs, plus any transaction fees for using the goldbloc debit card and this suddenly becomes not such an attractive option.

Perhaps you should email parry and ask him why the website says it is a cryptocurrency, all the information up until now, says a crypto currency, yet parry states it isn't.

Bullion vault added 5k users from between 2016 and 2017

just for the record, I said I had seen a rto done in two months. I have seen one done in a shorter space of time. Serica announced an acquisition of assets, which constituted a reverse takover on 21st November 2017, they suspended the stock the same day. They published an aim admission document, nine days later and the suspension of trading was lifted. Serica have a cash pile of tens of millions and obviously paid to get this RTO done and suspension lifted in nine days. Cameron says three to four months. It can be done much sooner if there is the will and the cash to do it.

yep definitely flapping chicken - if they are able to further support cash calls for finland and the asset is proved up further, then this will add to the underlying value of the stock. They have not kept up with cash calls in india and have suffered a reduction in their indirect interest, so they will need to call in those warrants, if they wish to be able to be flexible enough to meet the cost of relisting and the aim document, as well as covering the costs of staff salaries in lion and any funding requirements for goldbloc, finland and india. If they can start to generate some revenue somewhere, it will take the pressure off.

purely from a bullion storage and trading aspect, bullion vault is the benchmark you should compare against when thinking about what is currently being achieved by the world leader in the online field.. They had, as the last accounts 69,341 users and made a pre tax profit of �3.14m, down from �5.79m the previous year. This equates to about �45 per user, of pre-tax profit. Goldblocs other aspect, that being the transaction fees for buying/selling using a debit card, is going to be going up against the current, no transaction fees for fiat backed cards and as such, the additiional cost of storing gold and transacting may make it unappealing to a lot. Either way, any transaction fees may increase the �45 per user, pretax profit level achieved by bullion vault. 20000 users would mean achieving 33% of bullion vaults current user base, which has taken ten years to build. Cameron wants to do this amount in one year - optimistic. even so, 20k users at �45 is �900k pre tax profit. Lion only have a 28.3% interest in finland and would only benefit from a divi in the future, as all proceeds of the bulk sampling will be ploughed back into the venture.

andrea said some time ago... september 2017 when talking about the 140 tonne truck mounted rig he was buying, which should have been onsite by april this year. Our existing recently upgraded 80-tonne workover rig, whilst ideal in size and capabilities for carrying out routine field rehabilitation activities and ESP replacements, is too small to workover more demanding wells, such as Z-28, where a much larger rig is required. They rented out a zj30 in september and it was onsite to start on z28 shortly after - so there shouldn't be much lead time on renting a rig.

They were using a ZJ30 rig on z28 back in october last year and it was meant to be at z21 afterwards - guess they changed that plan and used the in house A-80 and now have to re-contract a zj30 again.

yep sankeys, our lifting and production costs will not have changed much, so the extra revenue will be all to zenith. If they actually sat back and did absolutely nothing, except pump 300 bopd and sell it a current prices, we would likely have the mcap in cash in about four years or less.

nine months to end december 2017 - revenue from azer was US$2.95M on 61666 barrels sold. Average price recieved per barrel was US$47. Assuming we are doing the same number of barrels, $505k per month, gives us US$4.5M over nine months, which would be at $73 a barrel, based on 61666 barrels. The costs in nine months to end december came in at US$1.3M operating and transportation, General and Admin - US580K, depreciation/amortisation US$415K and finance and other US$27K If we assume these are broadly similar, although 31 wells are now shut in, then we have US2.56M of costs on a nine month basis. At the current revenue, instead of a profit of about US$400K, or US$44k a month, we would be looking at US$222k a month profit. (US$2M over nine months) The oil price rises have definitely assisted the ability of the company to be flexible in terms of kit and strategy.

even roxi got some decent share price appreciation in, despite its dog status.

you cannot say he isn't putting his own cash on the line... 6. Mr. Andrea Cattaneo, Chief Executive Officer and President of the Corporation, has granted personal bank guarantees in favour of Zenith Energy Ltd., (the "Guarantees"), currently totaling the amount of US$2.005m, as listed below.. a .Surety guarantee provided on August 29, 2016 in favor of Jiu Feng Investment Hong Kong Limited for the totalamount of US$2.185m in the month of February 2017 the total amount of the guarantee decreased to US$1.485m, as the Company repaid part of the debt, (US$ loan payable, as stated on page 37 of the Corporation�s Financial Statements as of December 31, 2017) b.Surety guarantee provided on March 1, 2017 in favour of Rabitabank in Azerbaijan for the total amount of US$520k (US$320k General Line of Credit Agreement (Azerbaijan) and US$200k General Line of Credit Agreement (Azerbaijan), as stated on page 38 of the Corporation�s Financial Statements as of December 31, 2017) c. An annual compensation fee for the Guarantees is provided by the Company to Mr. Andrea Cattaneo, starting from April 1, 2017. For the year ended March 31, 2017 no Guarantee Fee was provided.

2. commencing on the first anniversary of the Effective Date, start delivering, at no charge to SOCAR, 15% of the total production of petroleum produced from the contract rehabilitation area in each calendar quarter, until the amount delivered is the equivalent of 45,000 tons of �compensatory� crude oil to SOCAR The above from the recent accounts

On January 25, 2018 the Company announced that it has signed a purchase agreement contract for the order of a new workover rig, (the "New Workover Rig"), with a well-established manufacturer based in Azerbaijan. The New Workover Rig is designated as an A-100 truck-mounted workover rig...... Delivery of the New Workover rig is expected to take place ninety days from the signing of the purchase agreement contract 3 months would be April 25 - does anyone know if it's turned up yet?

someone is attacking the bid - two small trades of 5k shares at 6.03p in quick succession. Keeping an eye on this pattern, to see if it develops. Won't work if 100k buys turn up like that.

he Company confirms that its A-80 workover rig has left the Z-21 well location to resume field rehabilitation activities in the Muradkhanli and Jafarli fields. These operations include electrical submersible pump maintenance work and the installation of a new electrical submersible pump.

The existing well is known to produce, if they drilled another, they may find that it completely misses the resevoir. Better to stick with one that they know was on target.

Nothing AJ - out of the 300bopd, they must deliver 15% of production to SOCAR as part of the agreement. 15% is 45bopd. Meaning 255 to zenith. Allowing for well variations - seems about right to me. They did as much as they could with in house kit and have now gone for an external costed rig. They have followed a more cost effective route, by deploying their own rig and using it until it became unable to go any further and then pay for an external rig that is able to complete the job. Cheaper strategy, but longer timeframe.