On Shareviews, London South east TV Show, Resource Analyst at Beaufort Securities Charles Long explains the great opportunity for Zenith Energy in Azerbaijan, one of the most prolific oil region in the world. The Company is the only independent producer in the Country operating the largest onshore fields in a REDPSA with the State Oil Company SOCAR. Charles went on a site visit end of October last year and talks on the extensive reserves which haven’t been fully exploited because of the vertical work programmes done in the past. Zenith is carrying a work over programme with a target of increasing current oil production from 300 bopd to 10,000 bopd by end March 2018 at very low lost. Zenith is also generating cash which make their investment case different and pretty attractive for conscious investors.
