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Tweet just out of the very oily Mule shoe retrieved.

https://twitter.com/zenithenergyltd/status/1156454231886454784

Some good preparation for the start of the drill bit turning and good decisions made to cut down on any possible failures. Hopefully that should put a lot of minds at risk knowing the rig is fully compliant and working.

I'm going to take the opportunity to top up and average down to hopefully 3p on Thursday, I didn't think I would get the chance but I'll take it whilst the opportunity is there. I'm guessing they must be through the first target by now even if on go slow.

I emailed the company today asking to clarify that exact question, as yet no response.

Maybe worth a few of us contacting the company for confirmation, I know the tweet they put out insinuated that it had begun but nothing through official new sources. I think they have the tweet v RNS round the wrong way as in it should have been a tweet saying preparing for the beginning of drilling and then an RNS confirming that drilling had started at such a time and date. BWDIK

Looks like there's some nice steady buying going on today as we near the first target - fingers crossed we get some good updates as the drilling continues.

So it looks like they have started the drilling, my guess is they should be into the first target over the weekend / very early next week.

good luck all

I would like the SP to stay around this price for a few more days so I can pick up another few hundred thousand shares next week but I have a funny feeling that once the confirmation of the deepening operation has begun then the SP will start ticking up as confidence builds. I also think that even if they manage only to improve the bopd by a small amount during this well but everything runs smooth and safely then the build up to the next well may have a lot more enthusiasm behind it.

Is there anyone going to the presentation today?

can now hopefully start and get ZEN in the public eye too as I believe this has been totally under the radar due to the years of waiting for anything to happen. It's time to let the market know we are back in the game of drilling and hopefully upgrading our reserves and production rate.

I use VOX Markets for all my RNS alerts and they are very good, it's about as fast as you will get them.

Well with a spud date now in place it won't take long to find out with the operations on the first well expected to only take 30 days, it's now time to see how well the rig and operations team on the ground work but it looks like they now have everything in place for a campaign to start on the 26th of July so fingers crossed to everyone, lets see if we can do well.

Ezhik - the full RNS can be read on VOX mate but all looks very positive and looks like they have finally got everything together

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Commencement of Well Deepening Operations in Well C-37

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that the commencement of well deepening operations in well C-37 is scheduled to begin on July 26, 2019.

Well C-37 Deepening Operations

The Company's drilling activities have two objectives.

The first objective will be to deepen well C-37's total depth of 3,987 metres by approximately 30-40 metres and drill all the clastic layers of the Middle Eocene formation.

The Company's geological and reservoir investigations have indicated that the Middle Eocene formation in well C-37 may hold significant oil reserves. This view has been supported by the fact that an adjacent well, C-22, achieved a sustained rate of production of approximately 700 barrels per day from the interval between 3,902-4,014 metres.

The second objective will be to penetrate the previously untested and recently identified Upper Cretaceous (Mesozoic) formation structure by deepening well C-37 by an additional 250-300 metres. Upon completion of deepening activities, a series of wireline acquisitions and production tests will be performed first in the Upper Cretaceous carbonates and later in the Eocene clastic sequences.

The Company's geological and reservoir teams believe that the testing of the unexplored Cretaceous play has the potential to provide valuable information regarding new prospective exploration activity to be performed across its Azerbaijan asset.

Well deepening activities are expected to be completed during approximately 30 days and the Company will provide updates as appropriate in accordance with operational progress.

BD-260 Drilling Rig

As previously announced, the Company has recently taken delivery of a Top Drive System which is expected to greatly enhance the performance of drilling activities, specifically on account of the increased safety and operational flexibility offered over the traditional rotary system. The Company can confirm that the Top Drive System has successfully been installed and is currently being tested in preparation for the commencement of drilling operations.

In addition, the BD-260 has undergone a full host of upgrades to its mud system which have increased its capacity in preparation for the requirements of future drilling activities.

Zena Drilling Limited, the Company's fully owned service company subsidiary, has acquired approximately US$250,000 of spare parts to mitigate against the risk of delays being incurred during drilling activities as a result of equipment failures.

It is expected that the operational performance and the speed of future drilling operations performed by the BD-260 drilling rig shall progressively increase once the set-up and introductory operational activi

Yes it does look like they are getting prepared all round, upgrades to the mud systems, stockpiling of spare parts and prepping of well pad C30. It almost looks like we may have a drilling campaign on our hands. Let the games begin!!

Well it's a big week ahead for ZEN I hope, fingers crossed for that RNS confirming spud and then it won't take long for them to get to the first deepening target before moving onto the new horizon.

I'm with you there, I think they may spud over the weekend or Monday and we get an RNS Mon/Tues

Then I think we should start getting some good upward movement as it won't take long for then to get through the first target

I would say as this is the first time the team are working together with the rig then yes maximum 3 weeks but this should get a lot quicker the more they do it as long as their logistics are sorted and they have enough lories to hand. I've been in fields where it's very slick and they're doing it easily within a week when only moving a few KM's.

Tweet out - Top drive was finished being installed yesterday evening!!

It seems they like to trickle feed us with a Tweet on a Monday morning hoping to keep us interested - they have now had the top drive for 16 days if it's not fitted and the rig passed inspections to begin drilling by now then serious questions need to be asked about the work ethic of the team. My guess is our next Monday news will be spud RNS.