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Agreed Sarge. We all know that with almost half a mio $ gross revenues per month from the Azeri assets and prospects both there and with other assets to grow significantly production near term we have limited downside and just upside from here even before we start the new drilling at year end which could be much more significant. My motto is the same, accumulate if you can and if you agree after your due diligence

Thanks. Even if lots of patience is required, I’m very relaxed with Zen as we are profitable and yet sub £10mio mcap, making us very interesting compared with fellow small cap oil stocks with valuations a multiple of ours.

As I have no clue on the subject, what is usually the chance of success for the job in hand at Z21 (clearly pure guess as there are many variables).

He might also loose his fingertips if he carries on posting 20 times a day! AJB we are well aware starting from Andrea in the RNS to each one of us invested of the delays and there is no need to state it 20 times each day and I’m saying this for your and our sanity. There is nothing quick nor easy about working over a 3000 meter deep soviet well, that’s why this takes lots of time and hopefully we speed up when we start new wells in Azerbaijan and work over wells only a few hundred meters deep in Indonesia and Central Asia.

Agreed and imo we are no giving any value to the Indonesian deal, which will probably be funded by Andrea is the cheapest way for shareholders, nor to the Central Asian asset. We all know by now that Andrea that Andrea think P&L to Zen in any action taken ie staff, kit, Rigs and the same principle will be at the forefront of any new asset, whilst working towards the main goal of new Azeri wells. Azerbaijan has been covered today and I suspect that we will hear about the other assets soon.

http://www.alignresearch.co.uk/zenith-energy/zenith-energy-the-darkest-hour-is-before-dawn/

Pretty clear as the overall strategy ie stabilise profitable production and selected high impact workovers, gather geological information all leading to the main objective later in the year to start the drilling campaign. In favour of other assets such as Indonesia but hoping for more details on their economics in the near future.

I truly have more than that in Zen. I take large positions in 5-10 shares or so and have been doing so 10 years or so and had my up and downs and some not going anywhere for a while but being patient and adding when others are depressed with prospects intact has worked for me, as I have tripled my money in 10 years. I’m clearly happy to take a high risk profile in my portfolio by limiting diversification and only going for small cap oil and resources stocks. Going back to Zen forget about the noise, this has been a year where the company has understood the geology of the Azeri asset and the necessary operational team set up and kit necessary to succeed when we start drilling at the end of this year new wells next to the ones which produced a thousand bpod each, whilst picking up other profitable assets when the opportunity arises, it’s simply a waiting game and I have been adding a lot of shares down here. Good luck to all but even if the delays are frustrating I’m pretty relaxed with Zen and like its medium term potential ps buy Shell if you are after a 6% yield, but I stick with Zen hoping for a far greater return. Time will tell if I’m correct.

I have more than you invested in here and as I mentioned in a few recent posts I’m actually more positive now than ever. Speaking with Andrea over the last few months it is evident to me that the big price lies in the Azeri assets and the new infill wells in the M field which we will drill from late 2018, but in the meantime let’s check out Zarbad and Let’s add any assets which come our way and provide additional profit to fund Azerbaijan. Ultimately Andrea is no fool and he would buy assets for Zen on one side nor invest his own money in Zen, if he did not think that he was going to make a good return. Let’s relax and this radio silence means in my opinion that more news will come our way either next week or the following.

I still remain of the idea that April could be very interesting if we base it on data made public by Zen, namely by end April: Indonesia to possibly go ahead after due diligence +1,000bpod, Central Asian asset +250bpod and Z21 let’s say conservatively 200bpod. Relax and let’s see what happens, but I’m positive at this share price level.

Asked AC out of interest if key operational staff such as Palmer received options as imo they need also incentives and he replied by saying that also non PMDR have received options but in these cases there is no requirement to state them. As I mentioned before I think that April could be very interesting on various fronts for Zen.

Add to our current 350 the 1,000 bpod from Indonesia and we’ll be at almost 10,000 barrels per week. I remain of the idea that this is the time to buy and have added further last week.

I very much lunch the deal and I’m sure that AC will use partly or in full debt if terms are beneficial to ZEN. April is shaping up to be very interesting indeed on various fronts.

Very much so imo, have a look at the revised strategy by the new board and the clear focus now started with the Casa stake increase. If you read the last few RNSs you will see what the board are doing. Do your diligence but the risk reward warrants a good look to say the least.

To me. AC is very smart here ie he has appointed a proven COO to look after the day to day to succeed especially in Azerbaijan where we aim in my opinion at significant production when we drill new wells from the latter part of 2018. In the meantime AC is buying cheap and easier production, immediately profitable to assist in funding Azerbaijan. What’s not to like with 1,350bpod on our books from April we have a great mix of short and medium term production and appraisal ie remember we know the oil is present in our assets. I’ll continue to top up at this level even more so after Indonesia, but do your due diligence.

Couldn’t agree more with him saying: I am very excited about Zenith's proposed acquisition in Indonesia. I look forward to updating shareholders in due course.

The simple facts will be that we will produce shortly 1,350bpod at a very low cost making a profit and our COO has a reputation for increasing production massively, this is what ultimately counts and will rerate our share price, enough from me.

Just added £10k worth of shares at 6.5p as for me Zen is incredibly cheap at this level. DYOD as usual but for me it’s a no brainer.

Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "The Company has clearly stated its intention to identify value accretive acquisitions that will enable Zenith to enrich its portfolio and rapidly accelerate its development. Like our existing asset in Azerbaijan, the proposed acquisition has very strong growth potential and generates profit from its sizeable existing low-cost oil production. In addition, the geology is less challenging, and the average well depth is much reduced compared to what we have in other assets, meaning that our operational expenditure for workovers and drilling new wells will be significantly smaller. The Proposed Acquisition will complement our long-term field development programme underway in Azerbaijan, where our large reserves will require more time and investment to be produced, and which remains our primary operational focus.

Well done AC! Not only he has met and exceeded his 1,000 bpod target but diversified into Indonesia which we know is a target of other smart CEOs like J Parsons. He is clearly looking at a mix with some debt and he is such a smart CEO that he will get the best deal also on the financing. Only an unseasoned investor would not understand how smart this deal is with a mix of existing low cost production plus upside with wells significantly cheaper and faster to drill. Great news indeed and this makes us incredibly undervalued.