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Massive news http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=slx9sq54&ArticleHeadline=Akyanga_Resource_Update

As promised focus on core assets ie Casa and even more so Zamsort. Well done NvS for delivering a clear strategy.

Badge, raise achieved deposit for new drilling rig which will save Zen millions in the drilling campaign.

I completely agree with your comments ie we are not exploring here. We are already producing and are working over wells where oil is present. It is very hard but I over the last few years have done very well by adding when I felt, like most, selling and sold when everyone was positive. I’m doing the same now and significantly buying at these levels as I’m actually very positive about our prospects.

The two key rigs which put ZEN in a unique position versus other small oil companies are in my opinion the one quoted in the RNS this morning due in December and the other rented drilling rig as per this earlier RNS http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=d9byll38&ArticleHeadline=Signing_of_Rental_Agreement_for_BD260_Drilling_Rig

Most AIM companies raise over time, it’s a fact and I think most investors know it anyway. The statement don’t surprise me at all and clearly we would like any future raise at a higher level. I’m now keen to hear about the expected arrival of the rented drilling rig and even more so short term about the due diligence on the Indonesian deal.

I see it like you and think that Indonesia will go ahead if the maths stacks up and provides immediate cash flow to assist with Azerbaijan plus compliments with shallow easy workovers.

I’m taking up also a lot of shares as I think 4p is incredibly cheap considering the mcap it translates into. Bear in mind that we already produce low cost 300bpod and post Indonesia we could be at 1,300 and that’s even before the leased drilling rig arrives, which will dramatically increase the chance of finally finishing a workover.

Nothing has changed and I’m definitely not selling my shares as the next few months should be transformational as per NvS who is clearly on a mission.

See Zenith Energy are doing a placing to raise £2m+ at4p. The Primary Bid offer is now open and closes at 9pm tonight. Whichever way you look at the Zenith numbers either by a discount to reserves or on production which should rise after completion of the current ops they r cheap

Raise is incredibly appealing imo and will be used for the rig deposit mainly, which will make us one of the few small cap oilies with a drilling rig. Indonesia is not mentioned if it goes ahead it will be via debt bringing in 1,000bpod. Time will tell but for me at these levels via primary bid or in the market this is a no brainer.

I remain of the idea that, as seen on the Middle Eastern asset which we looked at and didn’t progress, due diligence will dictate if the numbers are compelling or not. Let’s wait and see as we are not the one with the deal data in hand.

#ARCM Save the Date - we are hosting an Investor Evening in London on Wednesday 11 July. More details to follow....

Very interesting to see that the amount of shares, even with warrants, for the latest 6% in Zamsort today is less than what issued a couple of weeks ago for a similar 6% ie the increase in ARCM share value has been taken into account.it will be interesting to see if other remaining Zamsort shareholders will sell their stake for ARCM shares soon and allow us to increase our Zamsort stake even further.

I asked AC last year and by memory rules from LSE, FCA and TSXV derive that Canadian companies listed on the TSxv and dual listed on the LSE require disclosure whenever investors breach 5% and subsequent 5% multiples ie10, 15,20,25% both up or down.

Great news, well done NvS & co https://www.investegate.co.uk/arc-minerals-limited--arcm-/rns/increase-of-interest-in-zamsort-to-61-/201806180700046323R/

Don’t get squeezed out is what I’m doing, as this as NVS commented is just the start.

News possibly next week which will be very interesting indeed.

I think the Indonesian deal is a no brainer if the due diligence confirms 1,000bpod immediate production added at $18 with shallow wells to workover to double that, allowing Indonesian cash flow to assist with the Azeri main asset which will need capital for new drilling rig and related equipment.

Sub 10mio is undervalued even if we have to issue more shares and/or debt. BLOE came to market this week with a Mcap of 10mio with a current production of 15-20bpod and a 10 well workover plan to take them to 250bpod. We produce already today 300bpod, could add 1,000 from Indonesia and have in a couple of months a drilling rig available with some transformational targets to be worked over. I can see why Malcy has got Zen on his radar.