I was just re-watching todays Twitter video from Zenith https://www.youtube.com/watch?v=QBYnl7A8hq8 when at the very end I spotted something that I think is fairly significant. At precisely 1 minute 43 seconds in, just before the video ends it pans out to a wide angle view of the site and then we can see not one but two workover rigs in the same shot. The first one is fully put up in the middle of the screen and the second is folded away in the bottom left hand corner.

There is no reason for Zenith to have two workover rigs on the ROB-1 site and so the second rig must be for the planned Ezzaouia sidetracks – which, if I am right, is clearly commencing much sooner than we all think. From the January 24th RNS the production aim once both of these sidetracks have been completed is to increase Ezzaouia production from 500 to 1,000 bopd and we know from last year that the work was fully funded.

If the Ezzaouia sidetracks are successful and do deliver another 250 bopd net to Zenith then we could be looking at an additional $8 million in revenue per annum. Let’s hope they get drilling soon.