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An extension to horizontal post completion and initial flow?
The new shares were supposed to be admitted to the market on or around 9th May.Confirmation is due soon.
Whistler If warranted there may be an extension to the horizontal section. I assume the decision on this will be dependent on the flow tests? We may have to wait longer than expected for a fuller evaluation. Hopefully zephyr will be far north of here when that happens.
A little more movement this afternoon.
Everyday that passes is a day closer to poverty/riches.
Luckily the weather is cancelling out the ticking clock.
Have a great day.
2.2m trade printed late yesterday
The bond stage is the company providing insurance for clear up etc. The next stage is impact and environmental assessment followed by written report and finally approval. Not sure of time scale either.
100% i concur. Remember the following flow test will be the kicker etc & any resulting CPR. I'm no expert, but plenty to think about going forward ( in a very good way!!). I believe the entry point at these levels would be a very good foundation. and so does SGR.
That's total depth, folks.
Approximately 30 days from spud (24/4) is the 26/5 or there abouts.
I wouldn't be surprised if we hit TD by the end of next week.
Q1 results likely next week so expect they will tag something onto the summary
Well we are about half way through anticipated drill period. I’m hoping for an update this Friday, but we didn’t get weekly updates last drill.
Application has now been 'added to bond'. Next stage is permit approval and waiting on the process to complete. I couldn't begin to guess how long that will take... can be anything from a few weeks to several months.
Yes typo apologies doing it on my phone
RiskyBusiness1, it'd be £1.7bn but still wildly optimistic, I agree.
No I dont see us having a 17 billion market cap anytime soon and I find it hard to believe you do
Lets get this re drill done safely / efficiently first, no blow outs & confirmation of flow rates etc. We have here before. Then how to monitise quikcly the end product of O & G etc. Only when ZPHR has increased regular cashflow from the PD will the Co's valuation be truly reflected in the SP. i am strong holder & have every faith this time round in H &P. But one thing at a time. Everything crossed.
Personally I would be delighted with 10p by July (reflecting this drill findings). That would form a very strong SP platform to then stretch out further depending on the resultant Paradox drilling, Paradox gas & oil to market achievements, the impact to reserves, Hydrogen drilling, any farm in news (and its impact to our finances). From that 10p ish, I would be very optimistic we can layer out an operational programme that would see that rise to 30p to 50p range in the medium term - 1 to 2 years oprational in that no acreage or agreements necessarily required - its already within the assets of Zephyr.
I have to say, thats more than good enough for me from a 2p start point though I will most likely be slicing and taking profits as we go.
Agreed Setanta, very unlikely to exceed 10p until early July at most...unless something turns up on more quantity than anticipated.
Shares traded daily is around 6m. Nothing to write home about yet. Takeover anytime soon is highly unlikely. Sp possibility this year, even if it shows signs of becoming a mid tier oiler will be no more than 10P. I just wish it might be different. Posters here lose their common sense at the slightest sign of a good day. Read Adon. He's the one with the nous.
His next move … speaking to the bidders for company :)
May i suggest you research the valuations given to mid tier O&G producers
1.7 billion shares in issue.
So you don’t think the shares could rise to £1?
All depends what we have down hole and in the coming months and years ahead.
My cup is half full.
We don't want an offer yet, the sp has a lot further to go before that stage, let's not forget CH was talking about 200 wells being drilled. News on Saltwash could come any time, and we need production to kick in, a new CPR. But what has CH earmarked for his next move, that's most important?
Would imagine an offer may come in if and when we prove this up