Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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5 x 250k trades and 1 x 400k trade buys after 4pm today..... Hopefully bodes well for next week.. Good weekend all!
I am particularly pleased with this piece of news from Zephyr today as it does a number of things in one go. Firstly the well is drilling ahead according to plan, box ticked, secondly the debt swap for equity reveals real quality management at work.
At the time of the Williston acquisition the company needed some safe production to be the backbone of the company just in case anything went wrong with the E in E&P, even if it was an accidental well blowout. Debt came from SGRI to buy the production, it has done the trick and Zephyr live to fight another day.
With Zephyr now coming out of the process with a great deal of confidence, SGRI are exhibiting a real show of strength by slipping across the sofa and becoming a perfect cornerstone investor. With no discount for an effective raise and a stronger balance sheet as a result Zephyr are set fair which just leaves us the small matter of the Paradox…
I presume the permit will be granted in a timely manner, so Zephyr can at least spud the well before end of June 2024.
I
The permit is in progress
I've just re-read the RNS, should be some news soon regarding drilling:
"The key terms of the farm-in are as follows:
· Initial payment of US$600,000 (fully paid in FY 2023)
· Zephyr to drill, log and case one vertical delineation well (the "Commitment well"), with spudding prior to 30 June 2024, to top basement rock (circa 11,000ft measured depth) to obtain a one hundred per cent share in the leasehold.
· The incumbent leaseholder (the "seller") will have the option to back-in to the leaseholding at a 25% working interest, with no historic cost exposure, once the delineation well is drilled and a field development plan has been proposed by Zephyr. From that point forward, the seller would become a fully paying 25% working interest partner.
· Zephyr has begun the work to integrate the well planning for the Commitment well within its wider Paradox project development. Should the Company not meet its condition to drill the Commitment well during H1 2024, it could lose its rights to the leaseholding...."
I've averaged up today, another 140k shares across three trades. Good luck all.
Or $5,256000 a year.
That is just the gas for one well.
Natural gas is sold by the Mcf, which is 1,000 cubic feet of gas (the gas industry uses the old Roman designation for 1,000). So, one million standard cubic feet is 1,000 Mcf, which sells for about $1.80 per Mcf at the wellhead currently, amounting to $1,800 per one million cubic feet.
X 8 = $14,400
Yes exactly, protect your losses when it's dropping. Don't stifle your gains when it's rising.
I should add that was on paper....
Speaking as someone who shipped the best part of £100k on the drop from 7p to 2p, I would recommend protecting your capital every time.
Ah, investment psychology - now we're getting into the nuts and bolts of the game! Try to ignore what the price is doing and focus on fundamentally why you're still holding. You need to reverse engineer your mind, the correct approach is to be optimistic/confident when the price is rising and fearful when it's dropping but we naturally struggle with this.
Turner pope reference 8m cubic foot per day in Q4 and Q1.
Anybody know what that is in terms of daily revenue.
Many thanks
Anyway kipper the odds of that happening again have hopefully been mitigated.Theres obviously no guarantees but this is a different beast to the first time around.
Not just sell 50% the now then
Then look what happened. as i sit here i am 44.49% up...on 40 grand. so i am watching like a hawk...poised for the exit, no way am i risking 3p again..
5.3p paid. Solid buying coming in. It was over 7p the last time pre end of drill
Very excited by this it could be huge.
5.22 to sell now
Womo It certainly would be a nice way to celebrate!
That to me is a very credible write up and shows what huge potential this well/field/area has.
GLA and have a great weekend.
Looking at farm in then !
Here is the link to TP Research Note:-
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/13059a73-7251-e901-9b48-fd9bd0c0d9b3/ZephyrEnergyplc_ResearchUpdate_3May2024__FINAL_BG.01.pdf
Just had info from TP that there is another research note out on Zephyr regarding todays news.
Islangirl.... Its building nicely ready for your birthday..... Get the Champagne on ice! Mine on the 22nd but with a few more years added than you.