PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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So will the next RNS be awarding share options or whatever to the newbies gravy train?
Let them do something first that proves there worth, got enough at Chelsea FC come in on astronomical wages and are complete crap :-)
Andy looks to be a great asset himself.
His outlook for the company,with his help is quite adventurous and shows how the company as a whole is going to create a major asset in the Paradox and beyond.
Like the sound of this ..... 'During his tenure at Cat Canyon, the company grew from the 19th to the 10th largest oil company in California in less than four years, growth which was largely achieved through an active horizontal drilling campaign'.
Strongly implied they believe the grant of instructions to the drillers as the preferred option to a farm in.
Letβs see.
The stockmarket is closed tomorrow and Monday.
Yes clearly building for significant expansion.
Are certainly coming thick and fast.
Obviously the more operations, the more personnel required.
Anyway here's to another good day with forward momentum.
For the amount of helium in that second RNS - that makes it a thousand times the value compared to the first RNS - sounds quite a valuable resource depending on how much they locate and for a relatively small outlay. Goodd that they have another potential income stream they can spread the risk with and hopefully add quite a bit of revenue at the same time.
Atb,
Northern
From Malcy's blog..
This could supply some decent upside for Zephyr, helium is a growing market in the USA and Zephyr may have plenty here. Subject to a potential farm-out this may become a nice little earner for the company. More laterβ¦
More later... wonder what he learnt from his talk with Colin recently
No I am definitely not advocating selling I'M holding! W51 I just thought that someone might have bought when the intended to sell. Too much news to come in the short term to be selling . Another good day and more to follow!
Are you saying they should of sold?
Looks like someone pushed the wrong button a costly error if so!
SP showing a close of 3.75p.It would seem that a large buy went through just before close.
Hopefully the upward trend continues tomorrow and delayed trades will give us some reasoning for the peculiar movement in sp and trades.
Have a good evening.
Bit of light reading
From a report dug up by Tim Adams on twitter
EXPORING FOR NEW OIL IN OLD FIELDS,
SALT WASH FIELD:
A CASE STUDY
https://ugspub.nr.utah.gov/publications/open_file_reports/OFR-307.pdf
Delayed trade anyone with an opinion?
Anyone who can't work that out shouldn't be investing in shares at all, IMHO.
Yes much better getter $1000 per thousand cubic feet than having to produce a million cubic feet to get the same amount of dollars.
$1000 Selling price at 1000 cubic is better than
$1000 selling price for a 1m cubic !!!!
Only that is not what the company have said in the replacement RNS. They got the volume wrong but the end value to Zephry has remained unchanged.
People see a number reduced and just shoot from the hip. Doesn't occur to them that in the context of volume relative to price the smaller the volume the more valuable the resource.
I'm reading it the same as you John.......can't see it any other way....don't think some people are reading correctly
I did see the Millon and thought it sounded a lot for $1000.
But given someone else is going to pay for the drill and it should be money for not a lot didn't think to hard
Some peeps must have got a heads up. Many sold before the rns was released
It's a correction they referred to pricing per million cubic feet and it should be thousand. P*ss poor really. It was picked up on the other board.
Good news but slight shooting ourselves in the foot.