Member Info for SteveSan

We all make assumptions in life AJB and sometimes we are correct an sometimes we are wrong. The important thing to do is to seek confirmation of our assumptions. Have you asked ZEN if your assumption is correct?

Yes that is it. everything has been reset. The dilution has paid for Capex requirements, the increase in production pays for the increase in Opex. We have just over 200 staff now - no idea how many we started with in AZ. Nothing is priced in and we now have an expert in the filed telling us 1,000 bopd by year end. Note: this is not Andrea setting a guesstimate or target - MP has set the target.. It's a right pain I know that we are a year behind schedule but think of it this way: If the housing market collapses, do you put your house on the market or do you try and buy another house? Pointless selling shares at this price - all the more reason to buy more.

Well spotted and a typo on my behalf. Dilution gives around 40% discount which is the same as the production increase. Oil price increase not accounted for nor any progress on equipment, staff or potential. What I was trying to convey is that it looks like nothing is priced in including the Z-wells...

Considering we listed with around 100m shares with an sp (bid) of 7.25p and now have 130m shares but we have also increased production from 250bopd to 350bopd (around 40%) I believe ZEN is as cheap as it gets and these are bargain basement prices to get in or reduce averages. Very basic I know DYOR, etc. etc. GLA

Was the first to rec it earlier. 1 share bought

just in lol

I've also noticed that :-)

As far as the acquisition goes I also think we should hold back until we have demonstrated positive progress and production uplift in AZ. With AC buying the way he has been does seem a little odd. Either he is doing it to support the sp or he knows bad news is coming so prepares to take advantage of the dip or both which is my guess.I still smell a hostile move by AC but not sure what he is up to

I think we are all in the same boat mate. What I have done is build positions in my spread bet account @ 7p and below. Whenever it dips I take a new position. If we do dilute it can't be by 30% or something silly as we are limited the the dilution allowed. That however doesn't mean ZEN can't do some silly funding option that will keep the sp down for a long time due to the overhang/loan notes or whatever. Still feels quite binary for me so moving cautiously at the moment. We have hit the lows and held so it isn't all doom and gloom. Keeping money aside for this one in case it drops/moves so I'm not fully committed right now. I'm keeping my share holding as it is and not trading that.

I'm still wiping the coffee off my keybouytgbnmkjunmkjhjkd

Bwahahahehehohoho...

on the quiet

I agree, get some because we are going to multi-bag from here. Anyway, back to my plan... https://twitter.com/SJosephBurns/status/965762673731424256/photo/1

Makes me wonder if he is the ex CFO Alan Hume who got fired

That's your 3rd post since saying you were leaving. Keep your word

Besides, it is only 3,200km for the drill rig to drive lol

Fair enough but when and O&G player or miner relinquishes a license it is normally done via RNS

Nice find but why do you think it was dropped? The article clearly states that ZEN have 7 years to start exploring and also than ZEN is looking to grow corporate profitability in tandem with gross revenues first which is what they are "still" working on. The quotes are mine BTW...

Yes it does which is why I'm a little excited. No good buying the peaks and selling at the bottom. This I believe is the bottom so a good time to load up if you can. If not,... what's another year? LOL

What we need now is a constant dribble of good news, announce every victory no matter how small. Waiting for these big bang announcements has proven to be detrimental to the sp, especially when it isn't good news. Looks like quite a few PIs exited or reduced their holdings today. Maybe some new investors/traders took positions today. Just as well AC bought some too or it could have been worse.