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Agree with you and Added a lot at 4p. Is success certain? No, but much more likely with the drilling rig, as simple as that. Do I care about another pump being installed and 5-10 bpod added? No, I leave that to ajb. What I care is the Zarbad wells and subsequent 2019 drilling campaign across our Azeri filed to start, as that has the potential to increase our bpod dramatically.

Not sure where the 75mio guess comes from, what I know is that the new board has the capital as stated in the placing to evaluate deals in Indonesia and uk which would produce large returns for shareholders from current mcap. No certainty but very exciting.

Sergio Mattarella.

Day but this is just the beginning. As Westie says ‘battery’ related stocks could be very interesting, basically copper/cobalt, lithium, graphite/graphene etc. Going back to ARCM there are so many news due from here to year end that we will definitely be higher soon.

No one really knows but what is clear is that most disregard ADL, as they look at the past, but in turn on the back of this new board and strategy if one or more deals are delivered the upside could be massive. Time will tell.

I had a similar thought but PREM have today £300k worth of ARCM shares vs a mcap of prem of 11mio and future dilution there likely not to mention that they are suspended. Maybe it’s good for a trade, but I’ll stick to ARCM

I’m not selling at these levels, this is just a shake and think that we might close in positive territory.

First of all well done for choosing ARCM. The stock has been mentioned on Twitter by mr eyeguy and he seems to have other ideas which a worth looking at. Personally I just look at hisideas from time to time and only invest in one or a couple I really like after lots of due diligence and patience. Always careful of other Twitter posters who ramp up a stock and sell it when you buy a spike. You need really a story like ARCM where board, assets, strategy and funding all look sound and never rush into something before any research IMO.

Will imo build up from now as we get closer to our drill which could transform UPL, let’s wait patiently and accumulate whilst quiet. If it does rise significantly before drill I might take some off the table and run the rest, as with any drills there are risks alongside the upside potential.

Seen additional note from Allenby Capital and they basically confirm that the arrival of the drilling rig marks the start of a new phase which I fully agree with. Zen needs to finally deliver and clearly the rented, and subsequently leased, drilling rig will assist massively in this respect as we never had the right tolls. We have now a few weeks to September to check that all the boxes are ticket from an operational perspective and all is in place once the rig arrives. No guarantee of return but I’m adding on the basis that we should have a bigger probability of success from September onwards.

Nothing which I had not already seen and all 20 years old. Let’s get back Zarbad where the oil lies and wait for the drilling rig to turn up in a few weeks.

Had a brief message exchange with AC this afternoon and he mentioned that his focus is on Zarbad, where he currently is. Couldn’t agree more.

Westie, I’m only judging NvS on what he has delivered for ARCM in a few months and it has been impressive with a clear new strategy delivered and its implementation in full swing across all our assets and focus on the prized assets at Casa and especially Zambia which looks to be truly transformational.

Met him in person and spoke with him on various occasions. Clearly fully committed as CEO and personal investor to ZEN, but the focus now needs to be 100% on getting the rented drilling rig and related equipment and personnel in place as soon as possible for the Zarbad wells as this will provide the much needed excitement for the share price, clearly an overall update on operations and related tweets would also be pleasing.

The simple reality is that ARCM has an incredible few months ahead with NvS delivering on all fronts as promised, shame he is not in charge of the other companies I own.

Let’s keep this board on friendly terms please

But this is the time to add imo ie ahead of rig arrival.

AJ the odd tweet is welcome for the troops morale, but fully agree with mudstud that the only key news which will drive the price up is the arrival, or expected arrival date, of the leased drilling rig; the other news on pumps, monthly production etc are not going to make any major impact at this stage.

I don’t follow UKOG and like ZEN especially at these levels, but as a principle you are best to have some diversification.

Re Vita, who knows. Palmer did not deliver, whereby the credentials of the new operation’s manger look pretty impressive.