Member Info for VerbierDave

Mls-

Well C-37 Operational Update

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.

https://www.youtube.com/watch?time_continue=404&v=MgOdyTR8ncs

Mls - So you think they are going to be drilling less than 9m a day on average???? God help us when they drill 4000m approx. on ZEN 1 then as it would take well over a year lol

Now hopefully we can get a nice rise in the afternoon and finish the upper side of 3p - we could have some initial news from the cuttings by the end of the week or early next.

Fingers crossed for good results.

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

LOL very funny AJ that actually did make me giggle

I was thinking we were going to get a tweet of the drill bit turning today but maybe they ran out of milk for the tea so had to postpone until tomorrow

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.

2.90 v 3.20 looks like we maybe on the move today for a good blue day

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

Ezhik - I think we will get an RNS Monday morning to confirm drilling started over the weekend which should give us a good start to the week next week.

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.

Good to see physical progress being made - next step get the fluids ready although hopefully that was a concurrent activity and then get the drill bit turning.

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.

AJB - good luck to you and I hope it comes good and you get back up to your average

Yes he has AJB but the difference now is that it's physically happening and we can see that with the stream of updates we are getting. It's been a long time coming for some of you LTH but now things are happening and we should get behind the company and fingers crossed we all do well out of the actions that are happening now instead of all the prep that has gone into where we are at present.

Fingers crossed the news keeps on coming and good news at that.

Looks like AC bought into the placing too:

In reflection of my unchanged confidence in the value of the Company's equity, I have also participated in the Placing and further information regarding my subscription will be provided to the market through the applicable disclosures in the days ahead.

It is no exaggeration to state that the potential of C-37 well deepening operations makes this one of the most exciting moments since Zenith's inception."

Well I ended up getting a good top up price after all - just picked myself up another 200,641 shares and bought my average down to 3.01p so happy with that. Hopefully now all the obstacles are out of the way and we can get some good news about the first target early next week. Fingers crossed all

Ezhik / Hinkais - yes I think you are right and if they have the mud fluids ready before the weekend we could very well have more news on the first target from the mud shakers by the middle of next week as it seems as though the PR machine may well have started.

That a good RNS comes out the day before I was wanting to average down but hey good news is good news and I'll still add tomorrow.