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Its definitely going to be squeaky bum time.Pray they can tame the pressure.If they can we're multi bagging instantly
Lots of positive sentiment out there so lets hope we see a steady climb in the SP as we approach the 36-12 drill. Good to see Zephyr has made Malcys Bucket List again for 2024 concluding " all in all this should be a big returner from one of the best teams in the business". Malcys share price prediction is £0.20 and investing.com have a 12 months target of £0.13
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https://uk.investing.com/equities/rose-petroleum-consensus-estimates
You have to think that if the drill is successful and with all whats to follow there will be a significant upside in the SP from here. Lets hope those of us that have kept patience are finally rewarded and Colin is able to deliver.
GLA LTH's
Obmuj @ 14:07 Cheers & 👍 Team effort. GLA.
Yes, volumes off this site, total vol to the left of the 3 month graph, others below..
https://www.lse.co.uk/SharePrice.html?shareprice=ZPHR&share=Zephyr-Energy
88e, is a dual listed explorer, a good example of a stock where the buy/sell volume is nonsense as often you can buy and sell above the mid price.. You need to dummy sell and buy to be sure what's what..
One trick, that's if it's intentional, is to change the spread so the mid moves, while the trades actually remain in the same price range. Lets say they tick down only the Bid, the mid then moves down but if the traded prices remain the same more are printed as buys, giving the impression buys are increasing.. Then at the end of the day the price maybe down while buys out strip sales..
Your best to use a chart to distinguish the buys from the sells, along with dummy trading while you hold a position in a share, especially if there is a lot of volume.. Even that can be difficult..
Nice post JohnDough. So good I posted on the other site with credit to you. Very exciting. Amazing techonology when you think how they strated "digging" with a bucket and spade [almost] not so long ago. lol.
Worth noting H&P Flex Rigs have the option to be “walking rigs” so can be fully assembled on the pad to one side of 36-2R, if for example any pre-work there is ongoing, & then literally walked into position as required. For those who haven’t seen it, just Google “Flex 3 walking rig” for H&P’s own vid of this. GLA.
The timescales have not changed. In fact they may be a tiny bit forward of initial plans.
They have always said rig up in mid April with drilling to start straight after. H&P had to move all the equipment from the previous drill they were doing first.
From rns “ The H&P rig has now been mobilised to the well site and will begin rig-up activity in mid-April, prior to commencing the larger drilling operation.”
Colin has confirmed the exact same thing today
https://x.com/ZephyrEnergyPlc/status/1775805925296587188?s=20
Great response thank you. I don't know where you got your volumes - doesn't look like this site and appears to be total shares, not £ value. What's 88e? Rest is very clear, thanks again
Having looked at the Twitter post again he says spud “just after” mid April. The new well will be drilled about 20 metres away from the old well and they will be “twinned”.
Brilliant news.
Bill
Https://www.linkedin.com/posts/zephyr-energy-plc_zphr-paraxox-activity-7181568819465703424-Lqp5?utm_source=share&utm_medium=member_ios
As if by chance - confirmed by the man himself
Colin Harrington on Twitter today saying they are aiming to spud mid April
Bill, where you getting that info? I thought a previous RNS had stated they had already mobilised the rig to the site to commence rig up for mid april spud? Certainly plenty kit on site from sat image too.
Not sure where the rig is at present. According to one site still was at previous drilling site on the first.Mobilisation is supposed to have started according to Zephyr. Is this part of rigging down from the previous drill? Rigging up is supposed to be planned for mid April. Not sure how long that takes. So drilling is unlikely in mid April unless that process is efficiently carried out. So unless activities have taken place not reported then drilling might not commence in mid April.
Yep and how often do you see trends moving up but days/weeks/months prior to that see minimal volumes traded. There are opportunities when the share is bottoming that many only see in hindsight. I am very happy with this strength with what is to come. BWMM
The total sold and bought, if you notice does not equal the total volume for the day..
====================
Volume 6,033,119
Vol. Sold 2,750,061
Vol. Bought 2,690,900
=====================
Those buys and sells are not actually reported as such, they are a mathematically estimated either side of the mid price.
For shares like 88e the displayed bid/Ask is almost always too wide, so both buys and sells will be on the same side of the mid price, all being reported the same.
Then you have the trades listed as Unknown which tend to be on the mid so can't be distinguished, partly why the numbers don't add up.
I believe the trades are specific to the exchange the stock is registered, so for dual listed shares you would need to monitor different listings
Out of hrs, on a quiet day & on the subject of “Long time arriving” let’s not forget… Ron Wayne… who way back in 1976 started the “Apple Computing Company” along with the 2 Steves, who between them owned 90% of Apple stock whilst Ron held 10%, which he sold within the 1st yr for 2 payments totalling $2300 & today’d = $12,000 ish. 10% of Apple stock today ? Just north of 1/4 trillion USD… ish. Ron’s reason for selling out ? He believed Apple “would be successful but there’d be significant bumps along the way” which is surely why those who’ve been here since the Vane & Rose days may still be here; success after bumps along the way. I’m not for 1 second suggesting Zephyr will ever grow in to an Apple or that anyone’ll wait 50 yrs for the payout, just that 36-2R is the inflection point, H&P is the game changer, so not long to wait now.. either way. GLA.
Very basic question in case anyone can help. On LSE's share trades, (1) how can total sold outnumber total bought - or is the balance held by market makers and/or WMs who hold them to trade on? Also (2) does #trades refer to actual trades or trades on, e.g. the London Stock Exchange, so ex, say, Aquis? Thanks!
I too can see a substantial increase in buying as we approach drilling in 36-2R. Loaded up this morning in anticipation…
And we're almost certain to see another big buy reported later.
But we are due to spud this month.Just over two weeks time to be more precise.
Trades should pick up on a daily basis and hopefully we can get above 5p again by the end of the week and see more multi million shares being purchased.
Hope everybody enjoyed their long weekend and let the fun begin.
Indeed. They have done well to come through this with minimal share dilution. Could have easily folded the company too in lesser hands. Lets hope it coincides with a much more optimistic market too.
If I remember correctly CH spent last Easter weekend directing traffic after roads were closed following the blowout. One difficult year on and Easter brings new hope again! Let’s hope for a better result this time around.
Either way, between those last 2 reported trades, nice to have an almost 1/4 million quid vote of confidence that there’s money, & hopefully plenty of it, to be made here yet. Surely we’d all agree on that. GLA
An old fashioned tree-shake...