theprior
28 Jun 2018
Align research article I know it’s a client Research note but Align are putting a fair value of 34.4p a share on Zen when compared with peers. Massive upside if only a quarter of what they say happens. TP
theprior
25 Jun 2018
Another Rig Another rig, another variation. Will they ever take delivery of the new rig? They keep varying the spec and the terms but the delivery date gets later. Still, when it finally arrives, the new rig should get things movin a bit quicker, and safely, by all accounts. TP
theprior
21 Jun 2018
Primary bid Sorry, that should’ve read “WAS PREDICTABLE†TP
theprior
21 Jun 2018
Primary bid Yep, no need to jump through the PB hoops (as I did last night). I suppose it wasn’t predictable that it would drop to 4 on the open market. Question is …will it now drop further or will 4 be the bottom. Hopefully they’ll be able to soon ramp up production and get the revenue flowing. TP
Ripley94
21 Jun 2018
Primary bid ZEN… XXXXX latest Primary Bid Wednesday night job . the min investment now only £100. Just as well i did not see until this morning… 21.6% discount @ 4p They raised 2.17 m. It has fallen to that price.
theprior
21 Jun 2018
Primary bid Not surprisingly, fully subscribed at 4p raise a couple of mill for drill lease and opex. TP
Adelaide
20 Jun 2018
Primary bid theprior: At a miserable 4p!!! Shame. I’m sure they could’ve done better! TP Yeah. After the previous share price crash, and now 20% lower, one sixth of my holding is a piddling amount. Hardly worth me taking up the offer. Very disappointing.
theprior
20 Jun 2018
Primary bid At a miserable 4p!!! Shame. I’m sure they could’ve done better! TP
theprior
06 Jun 2018
Another Rig With a bit more oomf!Should get the carp out of the holes more easily and be better able to deal with undocumented and unexpected obstructions.Nb. Layman’s view, not an oil/gas rig worker now or previously
)TP
theprior
25 May 2018
Re: RNS $2m Non Convertible Loan Note Lol. Was there long before you GCT but didn’t see it worthy of cut paste and long diatribe!Just money in the bank to use as and when. No great deal. TP
GC Trader
25 May 2018
RNS $2m Non Convertible Loan Note ZEN; TSX.V: ZEE), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that it has signed a two-year non-convertible loan facility, (the "Facility", for a total amount of up to US$2,000,000 on May 24, 2018.The Facility will be used to provide additional funding for the Company's operations when required. It will be drawn down in tranches, with each tranche being payable four months from the drawdown date. It can be settled at any time without penalty and has no warrants attached.Q for the flock is:IF production is (as some would have you think) continually on the increase, why the need for a loan and how are they going to pay back each draw down within 4 months given they are already struggling for working capital...?something in the story being told to investors (IE the ever increasing production rates and record revenues) doesn't all quite add up... surely its about time they were a little more transparent with shareholders and told them how many barrels per day they are now producing (in comparison to this time last year) and what are the lift costs...bottom line in the balance sheet is an important number for any investor...hey ho...no doubt TP will be along later with his all good in the hood big blue buy signal...
theprior
23 May 2018
Re: Twitter [link]
GC Trader
18 May 2018
Re: Twitter 'interesting snippets' on twitter... LOLsurely you meant not so interesting (nothing to gain) tweets and pics on twitter Chris...? anyway, I see the team have released another rampity headline RNS today for the faithful...Record Oil Production RevenueThe Company is pleased to confirm that its gross oil production revenue has reached a new all-time record high since Zenith began operations in Azerbaijanrecord revenue but yet no mention of 'actual' barrels produced...?I'd say that's a rather rampant and misleading headline owing much much more to good luck (with POO being up over the period) than achieving anything technically or operationally progressive... and so much for their all singing and all dancing enhanced and upgraded rig... now they have to 'contract' a bigger one in to get the job done...alas the RNS operational reality (for those that understand the patch) is 1 step forward and 2 back for past year or so and as you will see the SP quite rightly reflects it...no comment or buy rec today Chris...?you are usually first up on news days with your 'its all good in the hood' one liners... anyway I'd hang off with any more top ups Chris... despite Malcy's (paid for) enthusiasm you're going to see 5's yet and maybe even lower...aye these old wells... nought but problem upon problem... you know... sometimes it can take months and months and months to fish and mill, fish and mill, fish and mill and still not attain the objective... maybe you should stick to growing grapes... its probably more profitable... TTFN and have a weekend...
theprior
17 May 2018
Re: new work over rig 10/04/18 RNS announced that due to changes in design the rig wasn’t due for delivery till June.Looks like June will be an interesting news month. 
)TP
Mome Wrath
16 May 2018
new work over rig Wonder if Zen have this rig now and where/when it may be deployed ?
