Member Info for Adon30

This information will likely be in the 2025 annual report, due end June 2026.

SGR hold a 3.05% stake in the company and have loaned money to the company before and been repaid. Directors have knowledge of O&G and energy and investing. However they do not appear big enough to be able to fund a full project development. But wouldn't be surprised to see some involvement if ZPHR continue alone to production.

I've questioned them before and they have claimed that its not allowed for them to partake in the raise. Or some BS like that. Every other companies directors are often buying during raises.

WD-4 is apparently one free well and one paid for well

O&S as I say I'm sure people will see it soon enough.

RNS 15th May stated "· Snowcap-3 site works onshore Trinidad have commenced.". So would expect to be seeing some progress

I am only get 25 pages and you said page 54, so not sure where I am looking and trying to find it on a tiny screen....

Keith, has it being in a slightly different area to me. So maybe they are just ploughing the field for pineapples. Or they have moved the location slightly. I couldn't find the document donalb referred to during a quick search. Sure it will all become clearer on a sunny day.

Donalb, I have it to the north of the church so hope I’m in the right area. Just on the lhs of that straight dirt track

I believe that the pad is in progress hence my post. It is in the same area that the drone shot was taken. I believe there was a rns (or news) that stated they were starting construction of the pad so isn’t anything new. Has been cloudy most of the month on satellite passes so this is the first time being able to see progress.

If it is not the pad then it is just some pineapple farmers digging a field. But the shape and size along with the news suggest that it is the pad. I don’t have the coordinates to hand today but can try and remember to post them tomorrow. Also hope we get some clearer images soon.

From what I have seen it appears quite close to other buildings as they are usually out in the jungle.

It's a view on the 27th. The overall image is classed as cloudy but you can see the progress as clear enough over that section.

Not sure if it has been posted. But pad for SC-3 can now be seen on satelitte partly constructed with access road.

Could you advise as to what material matters they are withholding?

They will only have a month at elevated oil prices. I don’t think many companies Q1s are amazing (unless you’re bp or shell). But should help and give an indication of Q2.

Unfortunately all wells decline and not sure that zephyr have personally contributed to any new wells or interests recently. Although there were 13 new wells funded by the ‘investor’ and once paid back will start contributing to funds. These should hopefully pay back quicker with elevated prices.

Would like to think that Q1 results and a Ops update are due this week. Never guaranteed though.

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.

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, I was on about the test data that they have currently.

Yes a longer run would give much more data and because of the high gas content you wouldn't want to waste that into the atmosphere. So yes there is logic in saying that bidders might want to see sustained production rate. But not really possible until infrastructure in place.

However the data that they do currently have is available for all and will show current findings. There is a risk factor at the moment to the data and that will be factored in. At present it is up to ZPHR to go alone like they said they could do. The delay is only raising more funds (especially in current climate) and strengthing ZPHRs position from the non-ops. Although some will have you believe these are worthless.

Enbridge will have no more data than is available to all interested parties via the data centre. They were not involved in the well tests.

Enbridge also only own a export pipeline and the interconnect where ZPHR may connect to. The rest of the infrastructure, gathering pipelines and gas plant, is all ZPHRs. Until we are told differently.

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.

Q1 results are usually at the end of May.

It is something Enbridge have done as part of there requirements. Not ZPHR. Hence no ZPHR RNS. But they can of course promote the progress on social media.

Good to see further progress and readiness though by a multi billion $ company.