Zenith has an ambitious field rehabilitation programme underway in Azerbaijan that is potentially transformational. After a promising start, operational difficulties were encountered in the second half of 2017/18 that severely constrained production growth. We believe, however, that this should be treated as a hiatus along an upward path rather than an invalidation of the hypothesis on which the development programme was based. Management has indicated that its view of geological prospectivity i ....
19 Jul 2018
New equiment coming on-stream should boost output
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New equiment coming on-stream should boost output
Zenith Energy Ltd. (ZEN:LON) | 2.3 0 0.0% | Mkt Cap: 4.44m
- Published:
19 Jul 2018 -
Author:
Peter J Dupont -
Pages:
31
Zenith has an ambitious field rehabilitation programme underway in Azerbaijan that is potentially transformational. After a promising start, operational difficulties were encountered in the second half of 2017/18 that severely constrained production growth. We believe, however, that this should be treated as a hiatus along an upward path rather than an invalidation of the hypothesis on which the development programme was based. Management has indicated that its view of geological prospectivity i ....