Zenith is pleased to confirm that C-37 well deepening operations began on July 26, 2019, as per the Company's announcement of July 18, 2019.
And if you watch from the video interview from 4.50 you will find that he says when we have finished C-37 in a month or a month and 5 days, the interview was on the 23rd of July 2019 which would take us to approximately the end of Aug and that is going slow and steady.
If they are going slow and steady through the first target maybe two days at 10m a day and then they can get going again until the next expected formation, I think from the first target to second they should be doing at least 20m a day.
As from the presentation this should only take a couple of days to get through the first target if there are no complications and then onto the second target which is another 200-250 meters.
Deepen well C-37’s total depth, 3,987 metres, by 15-20 metres into the Middle Eocene formation and subsequently perform a production test. The Company believes there may be significant reserves in place to be produced from this formation on account of historical production data from well C-22
I think the next tweet / RNS will be to inform us they have started drilling as there can't be anything else left to do, they may well have already started today and if thats the case we should be through the first target before the end of the week all being well.
Hopefully Monday morning we will get the RNS stating that drilling started over the weekend and we are well on our way to the first target - all things being well (mind the pun) it could be a very exciting week.
My target for this week is 4p and all things going in our favour 9p by mid Sep
Heid I couldn't agree more - I'm not a massive fan of TW anyway as he has cost a lot of people a lot of money in the past by spouting his mouth off when he has got wind of capital raises before they have even been completed and therefore trashing the SP causing the discounts to be much much more than they would have been if he had of kept quiet, its the self importance that I don't really like but hey that's just my opinion for what it's worth.
Well it's good that you have made the paper losses up AJB, I've been on the UJO ride myself and I think there's a lot further to there as I'm sure you do too. If you have written this off though surely you are better off selling at a loss of 55% and put all your efforts into new investments rather than spending the time here complaining about how rubbish it is? I think deep down you think this has a very good chance of success or you wouldn't still be here.
I'm actually interested to know how far underwater AJB is because I'm guessing he's in a submarine the way he's so negative about his own stock. RRR must have gone out of the window a long time ago with the vibes in his posts........ Fingers crossed he gets a smile back on his face when he gets back to his average and maybe even makes some profit.