Fra Forum på nettstedet LSE (London South East )


Welcome, lutefish Members Home Inbox Portfolios Watchlists Logout
Our new Cryptocurrency section has arrived! Click here
Quick Picks

%
£

Quick Picks Overview
Text Highlighting
Home
Share Prices
NEX Exchange Share Prices
Share Chat
Regular Share Chat
Premium Share Chat
General Chat
FX
News
Blogs
RNS
Media
Trading
Finance Tools
Members
Kevin Johnson from ceramic brakes supplier Surface Transforms presents at Hardman's November Forum

View Video
Pharma Services company Open Orphan presenting at Hardman's November Forum

View Video
Latest Share Chat
AEX. Legalisation of cannabis pro...
LLOY. BB,Boris has it in the bag ....
EUA. Why did you invest?What do y...
AFC. Were those the same Koreans...
CPR. The results should be positi...
BMN. Very strong buy
EUZ. DirtywillyThanks for your in...
IMM. He clearly has an agenda May...
LLOY. Dangerous to make assumptions
PREM. * I stress... not Ibsress....
Share PricesZenith Energy Share PriceZenith Energy Share Chat
Zenith Energy Share Chat (ZEN)

ZEN Share
Price

ZEN Share
News

ZEN Share
Chat
20

ZEN Share
Trades
11

ZEN
Live RNS

ZEN Share
Charts

ZEN Level 2
Console

ZEN Live
Share Price

ZEN Broker
Ratings

ZEN Directors
Deals

ZEN Financial
Diary

ZEN
Fundamentals

ZEN Short
Positions

ZEN
Media
Buy ZEN Shares
Add ZEN to Watchlist
Add ZEN to Alert
Add ZEN to myTerminal
Share Price Information for Zenith Energy (ZEN)

Share Price is delayed by 15 minutes
Get Live Data
Share Price:
2.30
Bid:
2.20
Ask:
2.40
Change:
0.05 (2.22%)
Spread: 0.20 (9.09%)
Open: 2.25
High: 2.30
Low: 2.25
Yest. Close: 2.25
Last checked at 19:53:24


Share Discussion for Zenith Energy
Regular Share Chat
Premium Share Chat
Filters
Switch toThread View
Post Message
Posts per page:
12345678910
Bear666
Posts: 659
Price: 2.30
No Opinion
RE: Re: Jafarli C-37 & C-30
Today 16:08
Thanks "AGEOS" for your post today and to the rest of today`s poster`s.
The oil is there and Zenith have rig and team to get it out.
A little more patience and I think we`ll all be rewarded.
ReplyRecommend (4)Report Post
Resourcehunter
Posts: 1,753
Price: 2.30
No Opinion
RE: Re: Jafarli C-37 & C-30
Today 15:53
ZEN - where art thou rig for C-30??? Are we ready to go??

We are as excited as you so get it on!!
ReplyRecommendReport Post
SEA7
Posts: 4,321
Price: 2.30
No Opinion
RE: Re: Jafarli C-37 & C-30
Today 14:35
ezhik

good to see you are still here ..

I think Andrea sees it as an opportunity to get gas assets that are out of favour and subsequently cheap - most importantly no cash - just paper.

The italians have been reviewing their fossil fuel position and they do still subsidise the industry to the tune of a few hundred million euros a year. - The govt is a large shareholder of ENi if i recall. As they are trying to move to renewables, Andrea see this as unwanted assets on the cheap.

He is quite pleased that he has got this for no cash - his preferred way of doing business.

Andrea will fund this with the bond sales -hopefully, however, once he can get good production numbers at azer and italy - he will probably be trying the reserves based lending route as well.
ReplyRecommendReport Post
SEA7
Posts: 4,321
Price: 2.30
No Opinion
worth reminding ourselves of this rns - re geological studies
Today 14:25
https://polaris.brighterir.com/public/zenith_energy/news/rns/story/xzz18px

excerpts - rns dated august 2018

The geological study of the Muradkhanli and Jafarli oilfields has entailed the acquisition and revision of all existing well data. The integration of the old 2D seismic with the new 3D seismic, carried out by SOCAR in 2008 and 2011, has enabled a new, more detailed structural interpretation to be performed.

and

The primary achievement of the study has been the identification of a new, previously unexplored, Mesozoic carbonate prospect running across the two fields beginning from the south-western flank of the Muradkhanli oilfield. Three distinct structures have been highlighted at the level of the Upper Cretaceous, from West to East, whose structural highs are considered strong candidates for possible exploratory wells.

The study has also enabled the Company to better understand the challenges presented by its existing production reservoirs, specifically the causes of the high watercut in many of Zenith's production wells.

In addition, the study has also provided a modern re-evaluation of the Eocene age reservoir levels comprised of sandstones, marly limestones and volcanic facies. The revised interpretations have enabled Zenith to begin the selection of new drilling locations, as well as determining the choice of wells to be included in the Company's well workover programme in the Muradkhanli and Jafarli oilfields.

and

The best well by production tested from Lower Eocene/Upper Cretaceous zones was obtained from well Z-3. This well was drilled to a total depth of 4,300 metres and recorded an initial production rate of 420 m3 tons/day (3550 bopd).
ReplyRecommendReport Post

Ezhik
Posts: 4,462
Price: 2.30
No Opinion
Re: Jafarli C-37 & C-30
Today 14:24
Yes indeed S7, thanks for the posts, not that I can assemble the information to decide whether it is good decision or not, but I guess if I read it a few times and make some notes I may be able to work out what it means lol. Bear...your wishes have been answered today I see, thanks to Ageos for input as usual.
ReplyRecommendReport Post
SEA7
Posts: 4,321
Price: 2.30
No Opinion
Norweigan BB
Today 14:10
Post from another board...

https://translate.google.com/translate?hl=en&sl=no&u=https://finansavisen.no/forum/thread/48347/view/1028558/0&prev=search

Black vision ... You are so eternally right in much of what you write, your enlightened entrance is appreciated, I am sure, so thank you for your input and outbursts, it may keep the high flying closer to the ground.

How AC has landed the 20/80 agreement :) well he has worked for the government for a number of years as an adviser, so through that he has gained some valuable contacts.

Now, I should not mention my past employment as well as current, but instead ask you if you have experienced the same potential in a company like this? as an investor as a drill or other? you mention yourself the 20/80 contract, the last time I personally saw one such was in Africa, with a Chinese company, and with ALL other terms I have to say hello.

The oil is there, it is 100% it you and I and 1000 others, do you seriously not think that 1000 Boepd will be raised by December month? or do you fear it is not happening, because of the history of the last 4 years? I have a great understanding of this if it is a case, but at the same time we must not forget that the last 4 years have not been wasted, you must know that experience is 90% of getting the oil off the ground, the equipment is also important, but new can be bought, it can not experience here you have to be in the field, hear the sounds, look at various pressure gauges / pressure gauge etc. you can not read it, "hands on" is the only thing that gives value.

When you chose to hire Mr. Ion Tica as a workover and drilling manager, you did a bargain / good business, for 10 out of 28 years he has worked "his on" in Azerbaijan and Kazakhstan, and his check has not been followed. , if you know the industry, you also know the answer to this question.

I would not say it is "walk in the park" to get the oil up, because it is FAR from, but in the light of having to start on a completely fresh, we are more than 60% ahead and it is one of the many reasons why I see a bright future for Zenith, maybe I'm wrong, but then I've learned from it, I'm just convinced this is going to work now, and you're absolutely right in WHY it's going to succeeded then we will experience increases that become VERY violent, instead of 30 days with today's message "only" wait 10-12 days as AC writes, and we know that well means at least 20 days or more :)
ReplyRecommend (2)Report Post
SEA7
Posts: 4,321
Price: 2.30
No Opinion
RE: Jafarli C-37 & C-30
Today 14:05
thanks AEGOS
ReplyRecommendReport Post
AGEOS
Posts: 393
Price: 2.30
No Opinion
Jafarli C-37 & C-30
Today 13:54
Bear666, thanks for the prompt. My thoughts on C-30 are as I detailed in my 06.10.2019 post and concur with those outlined today by Ezhik.
In brief, my reasoning is that the initial flow-rates reported from C-37, as “up to 100bopd”on Oct 3rd, increasing to “approximately 285bopd” on Oct 9th but not subsequently confirmed as a “stabilised flow-rate”, is indicative of production from a localised zone of secondary permeability. This would be consistent with the production characteristics of the Middle Eocene reservoirs throughout the region, having poor porosity and primary permeability but good secondary permeability due to localised zones of natural fracturing. If C-37 has intercepted such a zone it would account for the rapid rise in flow-rate, and a possibly unstable subsequent flow-rate partly dependent upon the connectivity, or lack off, with adjacent fracture zones. Poor connectivity could lead to a significant decline-rate, a factor which had been mentioned previously by ZEN with regard to earlier well interventions.
If I am correct in this speculation regarding C-37, then my 06.10.2019 posted scenario of a down-dip lateral side-track at C-30, as similarly suggested by Ezhik, must be under consideration. A 500m+ lateral, if successful in intercepting multiple fracture zones, could produce 3-5 times that of a vertical.
Thanks SEA7 for all your valuable input re the proposed CORO acquisition which I'm slowly assessing.
AGEOS
ReplyRecommend (3)Report Post