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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.
36-2 well by the end of next week. Will be good to get the drilling underway.
Atb,
Northern
16-3 is still waiting, as far as I know, for permit. The BLM was approved I believe and has a last update of February 2024. Bit difficult to work out so I may be wrong...
December 23 saw an application for 16-3 from the same pad 16-2. Has that been withdrawn?
I see State 16 as a exploration development well also. I have said so many time before and a long while ago. They will use it to test the horizontal concept further and develop methods to prevent salt build up. They are also going to use it to drill/ test overlying layers in the same way. C9 will be the next test there after they play with the salt build up issues. But need the pipeline still for whatever they do.
Great research as always Adon30 & thanks for sharing. Just personally I’ve long believed 16-2 is a dud (aka test well/research well) for the reasons mentioned in my 7th March post & can’t help thinking Zephyr’re hoping when 36-2R turns out to be the gusher we all equally hope it may be, they’ll fanfare that all company efforts’ll be concentrated on bringing 36-2R to fully tied in production at the same time as quietly announcing the mothballing of the likes of 16-2 with everyone’s attention focused on the great new success (36-2R). Appreciate some may say “but Colin said…” but as we all know Colin says a lot of stuff that never actually comes to anything - whilst obs, as CEO, staying legal. Here’s hoping for success at 36-2R. GLA.
April 10, 2024: The Moab Field Office is re-evaluating environmental assessment timelines in response to 40 CFR Part 1501.10. Look for a new ePlanning page in regards to this project in the future.
That's interesting.
BLM pipeline application for state 16... Cancelled!
I wonder why...? And will they have to reapply as it was sat there for nearly 2 years.
The other option would have seen them exercise them prior to 15/4 which would give us another 32.5m shares possibly being sold now. 🤷♂️
Why on earth extend their warrants? Business is business surely? Unless they still need them onside???
Oops, wrong thread!
Not very good presentation skills, they need someone who can communicate clearly and not sound as though they are just reading with a monotone voice.
Kick in the bxxxocks on a Wednesday morning. Cheers!
I haven't looked at the accounts but presume that the 'legal fees' were a debtor that has now been removed?
A bit like getting divorced and your lawyer ends up with a share of your house alongside your ex?
The good thing is they have done this pre-drill on 36-2R. If they had doubts of its success might they have waited for a failure, the drop in price and then issued themselves even more shares?
And in amongst what is a long & detailed RNS, 2 of the standouts for me were 1: “No bonuses of any kind have been paid to any of the Company’s directors in respect of the 2023 financial yr” & whilst I’ve no doubt we’d all say I should hope not after the yr we’ve had, it’s good to see it confirmed, imo. & 2: Worth noting the paragraph stating a former legal contractor, now a Zephyr employee ?, has accepted 3.5 million shares in lieu of fees, which may suggest they clearly see the value in that deal. GLA.
Molatovkid @ 07:30, agreed but tbf, much of this very long RNS explained how this issue of shares & warrants related to previous yrs & why they’re being issued now.