Zephyr Energy Share Chat (ZPHR)

Is that enbridge is checking pipeline and until that is completed we have no signatures to start ..so we need signatures first then start and finish pipeline then test of pipeline then signed off ..environment checks and we are go ...we are talking at least 12 weeks to be 100% from signatures to start ...lets hope enbridge get their finger out..so say august or before to be safe of production this year anything after you can forget any spin colin puts on it...

That said, he clearly is on the 'inside' with ZPHR and continues to stick to his guns and price target. So reading between the lines this could be interpreted as reassuring.

So a 6.25 bagger then according to Malcy.....we can only dream

I must admit Malcy's comments make me smile re the positive slant he seems to put on all things Zephyr related. I wish the market would do the same.

Soon, hopefully soon but have been saying that for a while now. Fingers crossed - long time since the previous update maybe they are like London buses and we'll get another one or two RNSs soon.

Atb,

Northern

This proves beyond any doubt that the acquisition last year was exceptional with economics that look seriously compelling and just the opportunistic disposals of a portion of the non core, undeveloped acreage has been highly beneficial to Zephyr and added to the fantastic cashflows it brought.

The deal has already paid for itself and demonstrate just how these non-op deals can and do deliver huge value for shareholders, think that it has already paid for itself and Zephyr still have the majority of the reserves still to sell, and those reserves were what the company based the purchase price on at the time…

The deal is a ‘barnstormer’ and with so much left to do is the gift that keeps on giving, it is accretive and adds a powerful metric to the Zephyr portfolio and at current prices delivers massive additional revenues that we should remember were bought to help fund the development of the Paradox Basin.

The very fact that the shares have not risen more sharply today is a mystery to me, as if I could do a deal like this every week I would do so and the Zephyr management team should be congratulated. The recent run however has been good, up 30% in the last six months but with my target price of 20p there should be much more to go. Bucket List inclusion is solid and with so much potential good news to come I remain extremely confident that Zephyr will deliver the goods.

The RNS is promising news and the fact that it makes no allusion to any progress at Paradox makes me think that we may well be closer to production and a buyin than we have been thinking for the past long time. The courageous may prosper soon!

Yes

Was hoping for some news on the Paradox and any possible deals done and some news on when the existing wells will be tied in. Looks that we will have to wait

Maybe news by the end of the month?

Atb,

Northern

RNS Out....divestment monies - suppose it keeps the wolf from the door. Shame we we not thrown a bone about Paradox.

I can't help but feel there is one of 2 things coming our way about Paradox....a blow your doors off, fully funded field development plan OR the humbling, sorry but no-one was interested scenario. As Enbridge have us hooked up, I am tending towards the former outcome - plus if all our potential interest had evaporated, then the company have had nearly 6 months now to tell us.

As an aside, I asked Google Gemini to fully assess Zephyr and for what it is worth, it thinks we are 90-95% sure of being successful at Paradox.

Yes I believe those are the auctions they are going to take part in. Fingers crossed for a good outcome.

Atb,

Northern

While we are newsless....

Upcoming (june 24th) lease sale

Acreage is west and south west of 16-2 and 36-2

https://app.efficientmarkets.com/salegroup/6548

Just zoom in on map to see grand county blocks up for lease....

Https://eplanning.blm.gov/Maps/?id=6fad61fa-a7f2-f011-8407-001dd80bcf93&spid=d35fd097-a8f2-f011-8406-001dd802fdea

Public Comment Period

Map 1

1743,1744,1749, 7846, 7847 & 1751 are adjacent to our current acreage.

The whole point of Enbridge being involved in reinstating the old dominion pipeline was to allow for local supply to green river. Ie local supply.

Also worth remembering that this isnt dry gas field. There is plenty fluids that come the gas.

MM tha's not good!

Feel like a game changer Ebbs but assuming that low price is at just a few locations Texas etc.

Hopefully in Utah prices are different. I had read about US retail consumers paying record NG prices, be good to know our localised situation.

Worth a read https://oilprice.com/Energy/Natural-Gas/Permian-Gas-Glut-Means-Producers-Are-Paying-Buyers-to-Haul-It-Away.html

RNS very clear Paradox does not score for RBL purposes yet it needs to be producing.

That's why they had to share issue and acquisition. Williston declining production plus low POO last year meant they hit the limit.

I think the only thing holding ZPHR 'hostage' are their own finances and waiting on a goverment organisation for approvals. And considering this area used to produce hydrocarbons I'm not sure why they should be a big hold up with approvals. Although it is frustrating.

As Renn says the last CPR should hold the answers to current reserves. Haven't had time to look when last one was but there's likely an RNS somewhere. They may have already used part of that card when refinancing the deals. Again can not remember exactly when that was but also an RNS on it.

BB…..that is the whole point in a competent persons report(CPR). Look back and you will see what was scored as proven then.

We have had a framework agreement with Enbridge for some time so not sure where this 'hostage' notion has come from. Hardly a good business partner blackmailing us is it? More likely the delay is being caused by regulators/regulation in my opinion

So ZPHR/Endbridge appears necessary for the pipeline, however they are not the only game in town regarding the wider Paradox development.

Yes Banburybiy, We've been waiting for quite some time now so a couple of weeks in the grand scheme of things not long.

What I'm more concerned about is whether they can show they will be able to accelerate progress afterwards. In my mind the more they can accelerate the faster the sp will move and vice versa.

Atb,

Northern

Indeed Northern unless my interpretation of what Hydras has said is right and there really is nothing to say until production and EWT ?

Albeit they could announce infrastructure complete and EWT between x ay [ dates].

I'm talking myself into a long wait :)

It might not answer everyone's questions but by then surely the will be in a position to give a good update as they will have been working on all the items on their agenda for some time now. If we get the update and there hasn't been much progress then I think we can start to question the speed of current and future progress.

Atb,

Northern

But the sad lowlife told everyone he’s definitely going and he’s not he can’t stay away and he just spouts so much crap time after time. Pathetic individual

Good to hear from you. You're as entitled to your opinions ,( and your manner of expressing them ), as anyone here.

Go well.

Enbridge certainly doing well in Utah!!

https://www.linkedin.com/posts/utah-economicdevelopment-energy-ugcPost-7460403351525163008-YOo5?utm_source=share&utm_medium=member_android&rcm=ACoAAAkfxOUB7_XghdC6BbjpTrg68kKCHpFDfbI

Are you saying youre happy with all the lack of communication on the points i make?. If you are happy, then you are the deluded tool my friend!. Deary me. CH has dropped the ball far far too many times & thats just the plain obvious truth. Happy with the £700, 000 fraud?. Surely not

Hi guys, I too have lost serious money in ZEPH, I have recently invested in PRD.

thought I would post you details of a UK Co, full listing on LSE.

PREDATOR OIL & GAS (PRD)

Good management - proven track record of 40 years (CEO Paul Griffiths)

Skin in the game (CEO owns 45m shares)

Co has Zero debt of any kind

approx 880m shares

MOROCCO

Huge gas fields in Morocco

License Guercif over 4,000 sq km (75% owned - ONHYM own 25%)

Gas, over pressured, bio and thermogenic

Oil seeps and previous successful oil drills on license

Almost certainly condensate

Recent Helium discovery

MOU-6 is about to be drilled in July (funded by another company, my guess is ADNOC or EXXON) We signed a NDA with ADNOC sometime ago.

10 year Tax holiday

T&T

We own a number of producing fields in T&T, we have 2 drills near term, work overs being undertaken on approx 40 wells to improve oil flow. We have experience in EOR through Carbon sequestration, T&T can suffer from some waxing issues, we have imported a Saudi Co IP to sort the wax issues with the aim of increasing flows by 30%

PRD have approx $50m tax losses to offset

Paul Griffiths has said publicly a divestment is under discussion (possibly ADNOC or EXXON) not sure if just Morocco or perhaps T&T as well.

IRELAND

We own 50% of a IRL offshore license, worth approx $2 BILLION (South Corrib) we have a LOI to buy our License if the IRL government will grant our Successor Authorisation.

In total I believe we could receive an offer over $1-3 billion, possibly a lot more if we have found a large amount of Helium, current M/Cap £35m

Given middle east events, big oil looking for more Gas and oil, in safer jurisdictions, Morocco ticks all the boxes.

PRD is totally overlooked by the city, news could come at any time.

Please DYOR/DD

Good luck, lets hope we all make our money back some how.

What a sad life posting negativity on a share you promised you were out of...delusional. I don't think we need to hear your magical 5x profit. What a clever man you are. We also are ok for share tips. What a complete tool.

100% agree. i've alwsys had a soft spot for zphr & ch over the last near 6 years. i first went in just after their £10m raise circa 29.03.2021. at 2p a share. thats when i turned £80,000 into 400k in my sipp, traded in and out after that. then got too greedy and bought more ( from profits ) at 5p odds and then they blew up the 36-2. the rest is history & its never recovered since. my fault entirely, it seemed ( and we re very much led to believe by rns's ) that we would be much much higher than 3p / 4p 2 years ago. i still believe we should / will be. but i cant for the life of me work out wtf is going on. should have been the greatest success in on shore o&g history over the last 30 odd years/

the only news weve had officially, is not one of joy / optimism / happiness after 6 years of waiting, only one of , so sorry, we have just ****ed £700,000 up the wall from a fraud. the most left field rns i have ever seen. lost all confidence and sold all shares. however, i'm still up circa 55% from my original investment 5 / 6 years ago. so i live to fight another day. yes, i was up at one point ( and cashed in then ) by 5 times my original £80k, but in % terms , i'm beating the average investment trust by some way. i dont retire for circa 8 years anyway, so i'm relaxed, just so sad to see zphr being manageed so badly on many different fronts. hard to comprehend

balls deep now in eee. a proper company with mgt who know their business. see below if youre interested.

https://www.proactiveinvestors.co.uk/companies/news/1092178/empire-metals-expands-pitfield-titanium-zone-ahead-of-resource-upgrade-raises-8m-1092178.html

hxxps://www.lse.co.uk/news/bhp-open-to-new-partnership-to-pursue-growth-says-incoming-ceo-1b0kc7f18kut08o.html

atb.... papa

Thanks Adon30 fingers crossed.

Atb,

Northern

They may provide a Q1 non ops and general update end of May/ beginning of June. This appears to be their standard reporting. Would like to think they would try and get it out as early as possible to shout about how increased oil prices have increased revenue (and payback). Will depend on how long it takes to collate the non-ops data and get it approved. Data is often 4-6 weeks behind.

Cheers

See the posts on 30th April on this board.

Atb,

Northern

I believe someone said a little while ago there is a yearly update some time in .May - so I thought we would hear something in the next couple of weeks.

Atb,

Northern

Trump's 28 day permit process

https://www.doi.gov/pressreleases/department-interior-implements-emergency-permitting-procedures-strengthen-domestic

Multi year process to 28 days and back to a multi year process with zephyr

Wearisome ... NorthernMagic....your too polite

It's getting a bit wearisome waiting now. There has been a lot of positive talk in the past just hope they can match that with some quicker progress than we have currently seen going forwards.

Atb,

Northern

Yes, Zephyr Energy is making significant progress as of early 2026, primarily through substantial production growth, key acquisitions, and advancements in its flagship Paradox Basin project.Key Progress Highlights (Late 2025 – Early 2026):Production Growth: Non-operated production rose significantly in Q3 and Q4 2025, with Q4 production 55% higher than Q2, averaging 983 barrels of oil equivalent per day (boepd) net to Zephyr.Paradox Basin Advancement: The company is moving toward first commercial production at the Paradox project, with Enbridge Inc. actively conducting pipeline inspections and engineering work to facilitate gas export.Acquisitions & Divestments: Zephyr completed a US$7.3 million acquisition of producing assets in the Rocky Mountain basins in August 2025. It has since successfully divested non-core assets for roughly US$4.7 million in total value, allowing for recycling of capital into the Paradox project.Reserves Upgrade: An October 2025 competent person's report (CPR) indicated a massive increase in reserves, with 2P numbers increasing 25-fold to 35 million barrels.Strategic Partnership: An initial six-month strategic partnership (announced Q2 2025) designed for non-dilutive growth was extended.Operational & Financial Context:Paradox Project: The company is currently reviewing proposals for gas marketing and drilling funding.Refinancing: Zephyr successfully refinanced its debt, reducing interest rates and securing a $2 million loan for potential acreage acquisitions.Cyber Incident: In April 2026, the company reported a "sophisticated" cyber attack that resulted in a loss of roughly £700,000. However, Zephyr stated that operations are continuing as normal and they have sufficient working capital to continue operations.Despite the operational progress, some investors have expressed concern over the timing of full, sustained commercial production.

Very nice post and very polite and to the point ...I hope colin reads and most of all understands what your post says and means...

I think that's actually a very fair summary of how we long suffering SH's feel.

Please send an email to Colin with just those points please.

I still feel a positive, big update is coming but frankly it's A B T.

Do you remember when Colin needed shareholders onside?

Back then, he was happy to host catch-ups, talk through the strategy, explain how he planned to rebuild trust, and set out how he would turn the business around.

At the time, it felt like an attempt to repair the relationship with shareholders. Now, it is starting to feel like it was all done through gritted teeth.

A year on from the successful drill, a drill that was already incredibly late because of the blowout, shareholders are still waiting. Still waiting for clarity. Still waiting for progress. Still waiting for the communication and delivery that were promised.

The silence and delay say far more about the character of the leadership than any of the polished words that came before.

At this point, the question is no longer whether commercial oil was found. The question is whether shareholders were ever truly respected in the first place.

Not sure this is particularly good news but wtfdik.

https://news.sky.com/video/share-13540457

If I was Mr Zephyr this time I'd want to wait 2 months before announcing that the pipeline was producing decent stable gas flows and running as sweet as a nut. Possibly tag on some other decent news to give the sp a boost. What could be said before that stage that would make a difference. To me it's all been said already

I agree - we were told that a Framework Agreement had been agreed some time ago.

I really don’t believe Enbridge would’ve started and connected their pipeline and then started negotiating over a price. The agreement would’ve been in place before construction started. If not it would be a very very strange way to do business. So I don’t believe they’ve got a Zephyr over a barrel

I really do think though, that CH hasnt been in real control here for some time, despite being the biggest SH) Clearly Enbridge, because of their pipeline in the area, they have him by the ba...llls & have done for atleast 12 months. They can wait and arent in any rush i would think. They will just keep brow beating CH into a poorer deal, if there even is deal.

I've always had a soft spot to ZPHR, so i can assure all here, eventhough i've sold, i want the very best outcome for all holders and ZPHR management. Its the least they deserve, but my lord, never in a million years did i expect it to drag on for such a long time & yet still nothing. a very strange situation & circumstance. Shoulndbe this way

GLA. Thursday RNS ??

NTD, sadly i agree. At a time when everyone and his dog should be happy & celebrating the success of the 36-2, & th eother wells gong online and the impending development of the paradox in the best O&G climate we have had in years, nothing but complete radio silence, not even a misarable token toward 4p ++ in the meantime. J

I get frustrated as well but I can only assume that they are making progress behind the scenes and we will eventually! get an update that brings us up to date with where they are up to.

For me now I want to hear about production starting. What would concern me is if they don't announce a partner to accelerate development as it's no good having the resources in the ground if it takes forever to drill and turn into income.

Atb,

Northern

Eco Atlantic it's RNS after Rns if am honest it's over sharing . Can our little zephyr just give us 1 little RNS . Just a little sign that we are progressing just fine.

Dormant share then suddenly over a relatively short period of time it took off. I'm hoping that the same will happen with Zephyr and the management will be able to attract the right partners to get them there. Fingers crossed and hopefully news soon.

Atb,

Northern

For me if they’re getting infrastructure ready they wouldn’t do that if it wasn’t going to happen so it will happen we just have to be patient which we’ve said for years I know.

Since 9am I have been able to sell any amount up to 200k shares for 3.30. Not sure why all the small sells at 3.20.

I consol myself they don't raise cash oftern and break up value / net asset value must be around

3p.

The wait continues

That explains it - a nice 600k trade.

right, back to the sunshine.

Hard to read, but buy price was well outside the spread at over 3.6 for £10k just now.

Probably Pappa changed his mind about holding again…

I can sell 50k for 3.4p this morning anymore to NT.

Does seem to be a change in sentiment here

Life in the old dog yet Pikestaff !

GL all holders.

3.31 to sell 200k

Looking good

Q1 results are usually at the end of May.

Elland. I think Monday is bank holiday....................but Tuesday will do if nothing tomorrow.

Cash flow

Last few days show some large late trades. The 2m this afternoon the biggest. May get news tomorrow or Monday. Apart from the obvious news we all await re Paradox it would be good to hear much the current oil price is improving our daily flow

I agree about regs and negs. Negotiators are looking at big sums and long timescales, muddied by the unstable energy price and supply situation, AI and stockmarket bubbles and recessionary fears. How do plan and agree terms to everyone's satisfaction in this environment?

Papa, thank you for your wonderfully insightful remarks and for looking out for my investment here. It is so inspiring to know that you are out there looking out for my best interests even when you are not yourself invested. Bless you ….

So pathetic. You have no idea about who any of us are on this board. Your random mood swings I remember you saying I may or may not make it home. I'm sure you can hear the voices. Get help before it's too late. We are sick of you on here.

You are very very naive my friend,. I sold out after 5 years as i dont want my money in as co thatscasually looses £700,000 , a co that cant afford to do that & brushes it off as a wee glitch. Ina very very higjh POO market, i find it not acceptable we are at 3p odds. it's mis managemenrt of the very highest order. We should be at 6p all day long +++ pre 3 x wells on line.

Gurkh, same goes for you. Youa re both mad, are you happy with a CEO who allows a 700k payment to be stolen to a large contractor who was working to make me / you / all of us money??.

Clearly neither of you know sweat fa about business.

Does that make me a disgusting individual or does it make you a blind fool. CH isnt in charge. ZPHR has become a shambles.

RB I filtered him when he said he sold out and the board is better with him as a green box

Pish an buys at that!.

2m buys x would be oggd news. 7k buys are not

An intense trickle of buys coming through at the moment.

Interesting: just now you could sell £10k at 3.09, yet buy same amount at 3.08. about to move.

A small sea. more of a puddle really.

He couldn't stay away MTucker. Nothing positive to add...

Haha,

Some times I say these things and there is an update the day after! and it is a Thursday.

Atb,

Northern

I really can't be bothered with all the Shenanigans but.... I think a certain poster on here has sneaked in softly "under the Radar" and little by little has thrown in the spanners and refused to accept the arguments about what is a loan and what isn't ....

Is more than likely TW or a minion.

Interim update tomorrow I think Northern

Do people on here think we will get an update by the middle of May, or more likely by the end of May . Whichever it is by now they must have substantial progress to report - it's been a while.

Atb,

Northern