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Started: NorthernMagic, 15 Jun 2024 18:58
Last post: NorthernMagic, 15 Jun 2024 23:19
Hi billhunt,
I've had a look in the recent RNSs and the most recent Turner Pope research note but cannot see anything that mentions the 26th(of June). If you do spot it and can share it would be much appreciated.
Maybe by the 26th we will have started the Production test - fingers crossed.
Atb,
Northern
I read somewhere of a report on the 26th but cannot find the source at present.
Two presentations in each of 2022 and 2023 roughly 6 months apart in each year.
No presentation yet in 2024. Maybe there will be a presentation once we get the test results and they will then be able to explain their plans going forward.
First things first - those test results.
Atb,
Northern
Started: NorthernMagic, 15 Jun 2024 18:16
Last post: NorthernMagic, 15 Jun 2024 18:16
Test results in as far as I understand it about a month's time. The sp appears to have been tracking between 5-6p over the last month. If the test results are good or very good we should presumably we a rerate to higher levels then I'm assuming we will get plans as to how Zephyr will then be planning to move things forward.
Atb,
Northern
Started: NorthernMagic, 14 Jun 2024 07:37
Last post: Adon30, 15 Jun 2024 12:07
Zphr aim is to unlock the paradox, cane creek and overlying layers by using unconventional methods hence the grants with universities and government institutions. The area was previously drilled conventionally and some wells flowed better than others. That is why there is existing infrastructure. If it was ‘wildcat’ none of this would exist.
In the case of a natural fracture however these will flow quite freely and in the future Zphr will be able to extend laterals into these wells to continue production (assuming they haven’t been taken over by then).
Are they still waiting for a licence?
Which historical wells around where 36-2 might they be Adon? Thought 36 well was a wildcat in a new part of Crane Creek so carries many unknowns.
Cheers for reply Adon.Be great to get an idea of what we have here and get her hooked up.Looks like there wont be a re rate until that happens sucessfully
3TL, yes.
20th March '23 - production test.
7th April '23 - blow out.
Although now we have the benefit of knowledge.
2nd Time Lucky.
🤞🏻
Started: Setanta1, 14 Jun 2024 17:11
Last post: Adon30, 15 Jun 2024 12:00
He1 seems to raise every few months. December, February, June… when’s the next?
Zephyr now has none ops and most have paid for themselves now. And Zphr has its own helium play to come.
I hold both and this is by far the most likely to reward this year, HE1 is a roulette gamble.
Haha I highly doubt that!
I would imagine a fair amount has left ZPHR and been put into HE1 in the last couple of days.....
NoOne Knows came closest to answering the question,I think. The foul up attributed to the faulty valve and the slow handling of the remedy put the wind up the punters and they remain uncertain. Where are the important institutional investors we were led to expect? Nowhere to be seen!
The whole of today's trading isn't even a decent single trade, and the scenario has been played out at a snails pace.
Punters are so timerous that they are losing an opportunity for mega gains if this turns out to be a hit. But they are following the current practise on AIM of taking a few percentage points of profit and and being able to rinse and repeat it. No big bucks in that!!
Started: Setanta1, 14 Jun 2024 13:53
Last post: NoOneKnows, 14 Jun 2024 15:54
It may not just be traders.... no news on the gas terminal.. the oil price forecast to drop over the next year and this time round I'm not getting the same enthusiasm as last year. Hopefully the well test will pour more light on what we have.
Simply because of daytraders and T traders. No wonder CH loathes them
Because there's an equal number of buyers/sellers. The longer this consolidates here the less selling pressure there'll be when the main news arrives. It's a great looking chart.
Even todays excellent news has done absolutely nothing for the SP. And that is what matters to investors!
Started: blissful, 14 Jun 2024 09:07
Last post: blissful, 14 Jun 2024 09:07
Great news that Zephyr has got here safe and sound, now it’s time to let battle commence!
https://www.malcysblog.com/2024/06/flash-blog-zephyr-energy-and-finally/
If we CH can get 16-2 and 36-2R on production by end of Q4 then we are laughing !
16-2 Testing was:-
The well was successfully drilled, completed, and tested in December 2021. Initial production rates peaked at approximately 1,100 barrels of oil equivalent per day despite production being constrained and heavily choked throughout the initial production test
Started: poiu, 14 Jun 2024 07:42
Last post: poiu, 14 Jun 2024 07:42
Lovely RNS this morning. Certainly took me by surprise that it's so fast. Wonderful news.
Started: Womo, 14 Jun 2024 07:17
Last post: Islandgirl, 14 Jun 2024 07:20
Just what I wanted to hear.Brilliant update
Two weeks to commence flow testing and approx 10days to complete. So by this time next month we should be happy people.
Good update and CH keeping us well informed.
Started: Transitman1, 14 Jun 2024 07:05
Last post: Transitman1, 14 Jun 2024 07:05
Flow testing to start within two weeks
Started: LAWRENCE186, 13 Jun 2024 18:21
Last post: LAWRENCE186, 13 Jun 2024 18:21
Hope the Xmas Tree is fitted by now,not long to wait, no tinsel required.
Started: Cruicky6464, 13 Jun 2024 11:13
Last post: Islandgirl, 13 Jun 2024 15:12
Hopefully wont take that long haha
Looking forward to Colin’s pose beside the Xmas Tree.
I would have thought that the well will be left perforated and a Xmas tree installed, as they know this is going to be a producing well.
Therefore I assume there will be requirements for a work over rig, just a well test crew and equipment.
Started: gemstar, 12 Jun 2024 12:41
Last post: Renndava, 13 Jun 2024 09:28
I dont think it will be H&P as they seem to be focused on drilling. Lots of service providers for well testing though and i'm sure the QA will be very diligent this time around.
Whose operating the workover rig?
I take it it's not H and P
"subject to service availability" was the same last time round. These workover rigs are readily available so i wouldn't have any concerns about lengthy delays. Once rigged up they should be run in hole in a matter of days
What exactly are the services?
Yes, been thinking about that. I would have thought given their meticulous planning 're the 're-drill they would have had the machinery ready and waiting. Presumably it takes some time to deploy to site?
Atb,
Northern
Started: drew68, 10 Jun 2024 15:09
Last post: ant15, 12 Jun 2024 12:45
I am amazed that the share price is not moving up despite numerous buys and can only assume that some of the T Traded sale and buy backs are about to close or are closing, there were quite a number of seriously large trades..
More news due soon with:
Derigging
Testing contract
Start of testing.
Results.
Plus other possibilities.
In effect they got a free go. That they chose to hit virtually the same point, rather than take the opportunity to point the drill elsewhere, says a lot to me. I'm pretty sure they have good reason to be extremely confident about the outcome.
Some bed wetters would better served on the various 5% plus being offered by the banks.
It will be interesting to see if a 100 to 200k order is placed again today in the closing auction....way above the actual market spread. If so and it is taken up it will once again create a false close and concomitant apparent drop on the following open. If it is done to create an impression of a falling price it is certainly working on here.....
Started: poiu, 12 Jun 2024 11:39
Last post: poiu, 12 Jun 2024 11:39
During the last three months ZPHR has risen from an intraday of 2.66p 14.03.24, to an intraday of 5.76 on 07.06.24.
this is a rise of some 216%. Of course the market has to stabilise. It does indeed look like a market being made at the moment for a larger trade. But with news to come very shortly giving us the time lines for the testing, maybe as early as Mid / late July, we could hardly be in a better position. The company, due to the management being on the ball, has had a comprehensive insurance that has dealt with our previous bad luck. I absolutely do not accept the blow out was our managements fault.
It seems like it was faulty equipment, and fully insured we are now benefitting from the hole redrilled, the sidetrack, very detailed expert governance and all within the very precise target zone that with its pressure and peer group comparisons in Utah, promise a very high quality well result.
Started: kipperfoot, 11 Jun 2024 16:55
Last post: MrMarmalade, 11 Jun 2024 19:47
As I have said a while back, we have been able to put ourselves right back to the natural fracture where we know the pressures. We would not be here without very prudent management and many knowledgeble oilies. The share price has moved up to this level to some degree based on what we have so far achieved. Next news could include confirmation of the production test timetable...and maybe a Salt Wash drill date? Price will move but won't move me. VBWMM.
Thank you Mtucker. I find the explanation helpful to understand what happened.
Who gives a Fig about the price just now.Its all about the composition and volumes in the flow test
Let me explain to you. This is exactly what happened yesterday where you were very quick to suggest that the opening price had dropped severely. Exactly the same thing will happen tomorrow morning as the perceived closing price is the small trade that was completed at an auction price. That was much higher than the actual mid price. I don't know why someone is trying to create this misconception but they've done it 2 days running.
The numbers are all over the place, but my broker shows 5.56??
Started: bobbust, 11 Jun 2024 10:36
Last post: McDoog, 11 Jun 2024 13:04
Yes trading is a lot slower / cautious this time - I suspect that there's a fair percentage of holders who didn't get out after the BOP valve failure last year- either, being optimistic and didn't want to or couldn't get out before the resulting price drop. I'm in the 1st camp and am currently holding a lot longer than I originally anticipated and am unable to add anything significant to my current position this time round.
Having said that my own personal enthusiasm for a positive outcome is still right up there:-
"Initial results indicate that the well, like the State 36-2 LNW-CC well (the "original well"), penetrated a folded and naturally fractured section of the reservoir. It intersected the top of the reservoir approximately 15 feet from the original well bore and its natural fracture network. The well encountered drilling mud gas shows of a similar magnitude to the original well and pore pressure analysis suggest formation pressures estimated at approximately 9,300 pounds per square inch (which is broadly consistent with previously drilled offset wells).
The well further confirms the presence of hydrocarbons within a large structural compartment, within Zephyr's acreage and 3D seismic coverage. During the upcoming production test, the well will be flowed and production tested to determine reservoir pressure, fluid composition, well flow rate, bulk reservoir permeability and deliver an early estimate of the overall potential recoverable resources."
So we are back where we were before @ IRO 9000 psi - Back in the day right now I'd be pressure testing my Triplex pumps and double checking everything in preparation - exciting times ahead and not long to wait now!
This is when the last event occurred. Guess it's take a profit now rather than accepting some risk.
They should get high flow rates which could cause a serious rise
Started: NorthernMagic, 11 Jun 2024 12:29
Last post: NorthernMagic, 11 Jun 2024 12:29
When the company have successfully drilled and are shortly about to carry out a production test - which could be a signal for a potentially large increase in revenue. Personally I'll not be doing anything 're selling shares for at least a year here.
Atb,
Northern
Started: kipperfoot, 11 Jun 2024 08:45
Last post: Morpheous123, 11 Jun 2024 09:59
I will let you know when I next buy some more shares so that you can then come in the following day at a much lower price! You're welcome
Nothing has changed since last Thursday's update which is worth re-reading.
So that may be an opportunity -or not. Reality is trading is incredibly thin - 1,750 milliom shares in issue - and only half a million sold so far today which is naaf all.
You must be looking through your rose tinted specs..now 5.1 to 5.24
Started: kipperfoot, 11 Jun 2024 08:02
Last post: MTucker, 11 Jun 2024 08:42
Actually no change at all to yesterday's close which showed a misleading price due to an auction purchase at 5.6. if that's the best you can do 🤣
Tanking
Started: RiskyBusiness1, 10 Jun 2024 16:22
Last post: 20Jod, 10 Jun 2024 17:17
I think its just the LSE rules page, somehow attached as a link to your message !
Not sure what the blue link is in my post!
The sooner they release the reins on this share the better. No real reason for the price drop.https://www.lse.co.uk/ShareChat.html?ShareTicker=ZPHR&share=Zephyr-Energy#posting-rules
Started: 20Jod, 10 Jun 2024 14:47
Last post: 20Jod, 10 Jun 2024 14:47
Couldn't stop myself at these levels - 185,528 should show as a buy soon :-)
Started: Morpheous123, 10 Jun 2024 13:44
Last post: Morpheous123, 10 Jun 2024 13:44
The 79,820 trade was me adding to the pile even though it's showing as a sell. Those CH pearly whites seduced me! Hope my faith is not misplaced
Started: Morpheous123, 9 Jun 2024 10:20
Last post: Islandgirl, 10 Jun 2024 13:19
Thanks Adon I didnt realise they could drill that many from one pad.
They could do up to 20 wells from a single pad. Also remember not all will be into the cane creek they also plan to produce from the overlying layers with a first test being performed at state 16.
I’d also expect them to drill laterals at federal 28 sometime in the future so that it can be produced from more actively.
200 wells does not mean 200 separate wells. As I understood it the idea is to drill four lateral wells from each vertical well so only 50 vertical wells required. They also stated they wanted more than one rig drilling at a time.
Hoping for a good week, good luck all.
The more we prove the Paradox up the closer we are to a buy out IMO.No way we are drilling 200 wells even with a major as a partner.Hopefully if that happens we will get a decent percentage of royalties attached to sale BUT if this drill fails to delivery decent results we are in for a savage fall in the share price.
For starters CH is on the record as saying he would for the right price…
Like Island girl first things first though
Started: Cruicky6464, 7 Jun 2024 10:39
Last post: MTucker, 9 Jun 2024 09:24
Hhhmm , seems to remember that 36-2 flowed rather well...rather too well in fact🤣😭
Whoops....maybe too early in the morning for you!
Actually a very good question
Read the PANR boards around mid 2022 for the full gory detail
“Ridiculous question but is there any chance its the wrong type of gas / oil that doesn't flow or presence of something else in the mix that makes it less marketable etc. “
Be nice if the price just keeps on climbing up slowly