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These markets are so warped just now any sniff of Helium and it will do more to our share price than a successful re drill
I’m keeping a close eye on salt wash. Just waiting on that permit to land. They already had one approved so should just be a formality.
I missed the bit about ‘days’, which certainly does sound promising
Indeed, but nothing has been factored into the SP!, Oil / Gas / Helium.
everything crossed.
We're on the verge of share changing news but the punters ,(in the main), are sitting on their wallets! Confidence ?
Exactly! Production liner is another clue. I am expecting an RNS followed by an interview with some initial flow rates. Added to that we may get news of the Saltwash drill which could spud in the very near future.
'Colin Harrington, Zephyr's CEO commented: "We are excited about the potential of the Salt Wash project and are appraising several funding options to maximise value for our Shareholders.
"While helium is a new addition to our resource exposure, many nearby Paradox Basin oil and gas operators are already producing co-mingled helium in commercial quantities, and there is an active local offtake market for produced helium. While Zephyr is not looking for helium to become our primary focus, we do believe that the Salt Wash project has significant and currently unrecognised potential value for our Shareholders and can further utilise our team's significant experience in the Paradox Basin. We look forward to keeping the market updated on our progress."
'Colin Harrington, Zephyr's CEO commented: "We are excited about the potential of the Salt Wash project and are appraising several funding options to maximise value for our Shareholders.
"While helium is a new addition to our resource exposure, many nearby Paradox Basin oil and gas operators are already producing co-mingled helium in commercial quantities, and there is an active local offtake market for produced helium. While Zephyr is not looking for helium to become our primary focus, we do believe that the Salt Wash project has significant and currently unrecognised potential value for our Shareholders and can further utilise our team's significant experience in the Paradox Basin. We look forward to keeping the market updated on our progress."
Prepare to watch the sp take off into orbit as none of the helium has been factored in the the current price.
The main part of that message is one word (days).
Have a great weekend.
CH posted this only yesterday so I am expecting things to hot up dramatically from Tuesday onwards.
'
Zephyr Energy
@ZephyrEnergyPlc
·May 23
'We look forward to providing more updates over the coming days.'
Fine by me, at least we know there have been no drilling issues.
Yes, the media post of the rig working away still was at an odd time with a completion RNS expected any day. Maybe it was just the Zephyr team reminding investors (current and potential) that they are nearly at a big turning point.
Whether they RNS on TD or on completion of the short lateral remains to be seen. However they could complete both over the weekend with it being a bank holiday.
Looking a little more positive this morning as we approach an announcement. I expect a Tuesday RNS.
Ofcourse...I'm self employed!
If by RNS,then you mean Tuesday as Monday is a Bank holiday.
Have a great night.
Should hear news tomorrow or Monday I'd hope
IG I note that MM's are prepared to buy stock at 5.3 whereas yesterday they were only paying the bid of 5.2.
True, seems the markets are going through a very quiet trading period.
Surprising lack of volume or share price rise in view of the potential here.
Well spotted Nas-k, thanks for the link and it should calm any nerves. Production testing on the way! That means they have something to test so very good news indeed.
We are fast approaching the witching hour. hopefully there will be a leak that news is coming a day or so before it arrives. the fly in the ointment of course is the pesky bank holiday, another day in this game can kill or cure anything and everything GLA
30 days approx from the 24th - so potentially Friday or over the weekend. I have long ago stopped counting my chickens before....etc etc, especially with AIM oilies. But let's be positive and with luck it will all go according to plan.
Cant be far away from TD now.
Bull flag on the chart after the previous triangle breakout. Textbook uptrend.
Wouldn't mind an RNS like that one 🙂
Atb,
Northern
NM. Yes, they will almost certainly give an indication with words such as, 'we have managed to move the bar again and delivered what would appear to be a very productive well on our acreage, with hydrocarbons flowing under control to the surface into the tanks. The production tests have already begun as the crew were in situ waiting'. Big smile interview the following day.