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Https://www.malcysblog.com/2024/04/oil-price-ujo-zephyr-deltic-hunting-eog-and-finally/
Along with what is currently happening in the paradox and white sands unit (WSU). ZPHR have their fingers in a Helium play.
A bit of research and there has been a new permit application go in on 2nd April for a drill in the Salt Wash area. This is on an existing pad south of the WSU. There is also an existing permit on the same pad recorded but this may have been amended by ZPHR hence the new permit.
What is interesting is it looks like a lot of people use the land they plan to drill on to camp with RVs and Caravans. So they could be in for a shock!!
Thanks, EzhikBill
Thanks Ezhik very detailed explanation. Now for the upside...only hopefully a month to go.
We are expecting oil and gas. Both under pressure from the depth, the amount of rock sitting on top of the reservoir and pressures exerted by underground faults pushing upwards etc. Effectively the oil is pressurised by the gas and vice versa. Gas pressure is inversely proportional to volume, the smaller the volume becomes ( squeezed) the bigger the pressure, therefore once the pressure is released, as in someone has drilled a hole in the ground, the gas can escape and flow at increasing rates as it expands and rises in the well. The gas brings the oil with it and the natural fractures and high level of porosity allows for the oil to come out unassisted--hopefully in huge amounts of at least 3000bbls a day !. (don't quote me on that as we have no idea yet what amount will come out). The oil under pressure at depth is less viscous than when at atmospheric pressure and less able to flow but once the gas escapes it allows the oil to expand, become more viscous and flow more easily. Only problem with the gas is to find a way of dealing with it when it arrives at the surface- hence the gas pipelines across the Paradox that Zphr will hopefully be able to utilise commercially. I think :)
In the RNS.the terms and coma for the phrase over pressure and gas.Does this mean that oil is pressurised by the gas or is this find predominantly gas? I suppose the testing will verify this!
Blissful a potential horizontal section into the payzone? Previously acquired extra paradox acreage. A rising Oil price. CH in podcasts talking about seeking joint venture partners. It could get very interesting if it all goes well.
'spudded'
Understand that we have not studded yet but will do in the next few days.
_______________
Further to the Company's announcement on 22 March 2024, the Helmerich & Payne Rig 257 has begun rigging up operations to spud the initial, surface section of the new well in the coming days. All necessary ancillary service providers have also arrived on site to support the Company's drilling operations.
They will keep us up to date as the drill progresses so we are likely to hear quite a bit before TD in 30 days.
Https://twitter.com/ZephyrEnergyPlc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Thanks all. I had a look this morning and couldn't see it. Attention deficit in old age.
Its in the RNS
Approximately 30 days.
Exciting times ahead. Now lets see the drillers tame the tiger. Did anyone notice in any of the webinars what the approximate timescale for this?
Great news that things are progressing, would have been nice for them to include what they are doing differently this time round. One hopes that armed with all the information from 36-2 they can control this one successfully.
All on site. Drill to commence in coming days!
Drill news anyday now
I notice all the usual suspects are attempting to pull the price down!
With oil about to surge back to $100 a barrel thanks to Saudi cuts in production/ ZPHR about to redrill a known resource to add to their portfolio of producing wells. I am surprised that anyone would want to sell this side of the drill and subsequent flow tests DYOR as always. I've been in since Rose days and this is the best its looked for years!!
M Tucker ? With less than a million shares traded in a day. That just indicates the suspicion with which the BOD of ZPHR is held. It would be meaningless if it weren't laughable!!
That describes me.
Maybe we are temporarily shot of the Trades and it's just proper investors very patiently awaiting their long long overdue rewards! Not prepared to expose further.
Oil is going up at the moment with predictions of $100/b next month. Good timing for long termers here.
https://www.telegraph.co.uk/business/2024/04/13/markets-brace-for-oil-hit-100-saudi-slashes-production/#:~:text=Oil%20prices%20are%20poised%20to,first%20time%20since%20summer%202022.
We have'nt attracted a lot more attention prior to spudding.
Hopefully once we have proved we can extract the oil safely a better reaction will be seen.