Member Info for Zebediah16

I guess it seems unsurprising now, but when it was mentioned before, it was dismissed. Possibly it was running at a loss, now that production has fallen to 180 bopd and maybe SOCAR is slow in making payments.

Dont think ZEN are in the financial shape for the exploration business right now so that part also doesnt make sense . Maybe they will rent the rig out , which I think more than one of us have suggested in the past :-)

it is curious that the ZEN is retaining the Exploration agreement and dropping the production and workover part.

If production has sunk to 180 bopd it is possible it was becoming unprofitable

a reasonable day, feels like interest is growing. At some point the status quo has to shift ;-)

Actually now is the time for Copper. Copper and its alloys (bronze) have powerful antibacterial, antiviral and anti fungal properties. Bacteria and virus's are rapidly killed when in contact with copper in a phenomena known as "contact killing".

There was a time when all door knobs and hospital door plates were made of copper . And of course surgical instruments in the ancient world used to be made out of copper alloys

Lets bring back copper!!

"A fine selection of drinks and canapes will be offered to all our guests.
A special prize: a lucky investor get a botttle of champagne"

I'm going ….

the last bullet point in each section has a different font .
Probably the idiosyncratic style of the person typing this up :-)

how did you arrive at that production split ? UC was producing around 50 bopd?

drill or drop always sounds like a person with restrained anger . Of course as pointed out earlier drill or drop is the name of an anti-oil group, albeit onshore (fracking etc). Maybe thats reading too much into it, shorters by definition have a superiority complex
.

sea7: very true its not a production well. But flow testing at 285 bopd more than doubles existing production and it can be sold. It counts as production in the quarterly figures. .Maybe it flowed at the *rate* of 285 bopd for 1 hour, then was shut down.

sea7 - I know there is a long term decline in all the production wells. But on 9th of October there was an RNS stating:

"The Company can confirm that continued flow testing of the well recorded a production rate of approximately 285 barrels of oil per day, adding significant uplift to Zenith's total in country production figure. "

Even if it flowed for a short time it should have had an impact on the quarterly figures. It seems that wasn't the case . It seems production declined very quickly after the 9th or it was plugged off

**Production is not the same as Barrels sold**

Actually ZEN has provided production figures for the first time this quarter. Production is not the same as BOPD sold . Upto now its always been BOPD Sold. But it still indicates C37 hardly produced anything

Quarterly updates to dec 31
Production 18,597 Barrels which is 202 BOPD
Sold 17,857 Barrels

To September 30
Sold 18,707 Barrels

To June 30
Sold 20,233 Barrels

To Dec 31 2018
Sold 21,043 Barrels

Azer production 202 BOPD. C37 didn't produce anything , not enough to move the bopd figures from previous quarter.

what else is there to say ?

thats about a 12% dilution for JLP . I dunno, its depends on what CB thinks the other parts of GLR are worth. Plus he doesn't seem to be in a hurry to cash out. This company is dozing half the time

There are 10 trades for 7500 shares each , 9 buys and 1 sell which may be a buy
Thats a very simple algorithm, a buy order for 75k divided by 10. There are also ALGO sniffers that will detect such patterns and raise the price

If you think thats small beer, the larger buy orders appeared after hours. One doesnt appear on HL which suggests its on a different offbook feed. One thing great about this website it has feeds for all trades

Well I think its interesting .....or I'm bored and signing out

yup over 3 million shares bought

plus 2*1.750 million shares bought with at 3:10 p.m., within 20 seconds of each other . Could be a paired transaction, thats why it didn't move the needle much IMO

Somebody thinks there will be a spike, IMO

yup the number of trades has dropped by over half from a few days ago. I see that as a good thing, since most of that was fake liquidity from algo trading , maybe that strategy is bottoming out.

but who is to say

CB's strategy is to wait them all out. Its a not a bad one

it is all a bit DALLAS as somebody said last night though I was but lad back then. I can just picture the scene where the SOCAR rep says - your rig doesnt have a top drive !!

sounds reasonable that they would go slow before there was some clarity. But if exploration was suspended, then production sharing might also be suspended. All part of the same agreement. OTOH, suspension of exploration could also be just part of negotiations - its all speculation

Its ironic that the well deepening had to be abandoned, which is what ZEN was waiting for. Wasn't C37 cleaned up a year ago. well it was also an exploratory probe ;-)

tune next morning at 7:00 AM for your next episode....