Member Info for Adon30

Along with what is currently happening in the paradox and white sands unit (WSU). ZPHR have their fingers in a Helium play.

A bit of research and there has been a new permit application go in on 2nd April for a drill in the Salt Wash area. This is on an existing pad south of the WSU. There is also an existing permit on the same pad recorded but this may have been amended by ZPHR hence the new permit.

What is interesting is it looks like a lot of people use the land they plan to drill on to camp with RVs and Caravans. So they could be in for a shock!!

Only thing I can think of is Mcap is less than asset value. Unless there's some movement on activities in Tunisia... or even Romania.

Xtellus were buying a while back. Maybe they want to get more.

Https://eplanning.blm.gov/eplanning-ui/project/2026876/510

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...

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.

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.

That's a farmers area with a prepared field.

Trek, Also add that Cas-3 adds to previously unbooked reserves.

A lot of the bits have been there for a while. Not sure what was left to bring in but they will then rig up before bringing the drilling crews over.

According to the Utah (udogm) data they are already drilling but that’s never accurate.

The timescales have not changed. In fact they may be a tiny bit forward of initial plans.

They have always said rig up in mid April with drilling to start straight after. H&P had to move all the equipment from the previous drill they were doing first.

From rns “ The H&P rig has now been mobilised to the well site and will begin rig-up activity in mid-April, prior to commencing the larger drilling operation.”

Colin has confirmed the exact same thing today

https://x.com/ZephyrEnergyPlc/status/1775805925296587188?s=20

I’ve heard they are sidetracking Cas3. Same as they did at Cas2 and originally at Cas1.

I’ve no idea on timescale for this. Maybe another week?? But don’t take that as gospel.

Yes much better getter $1000 per thousand cubic feet than having to produce a million cubic feet to get the same amount of dollars.

Would hope an extension to Q3 (September 2024) with a drilling partner would be the better option. Getting state 36 completed and paradox production underway should be more of a priority at present.

Depends how close they are in achieving a partner buy in.

It is classed as a White Sands facility. So not sure if it’ll be a central point for liquids storing before trucking or whether it’ll be directly at the state 36 pad. A central point would make more sense for logistics but depends on what the infrastructure can handle.

All the info has been available online for a month now. I did allude to it some time back ;) It is waiting on a permit, which I guess is waiting on the drill.

That is my understanding of the gas facility also. They will ship in a modular processing plant. This will be owned and ran by a third party.

Other than pipelines and possibly some condensate storage the old equipment (if there is any there) won’t be used.

And as a freebie for people on this board as no one else has spotted or commented on it. Zephyr have applied for a storage tank (tank battery) for the liquids from state 36 so are certainly expecting it to be big.

My thoughts on how I see things developing.

The value of state 16 and federal 28 will only be realised after successful production from state 36. That is certainly the main catalyst.

Interesting that he should say that, as in the latest onshore bid round they bid on the Guayaguayare licence. Is this what is holding up the current bid round for all the other applicants as CEG want to leave? Or are they committed to still expanding in Trinidad…

State 36 will be the main earner. All that’ll need is the gas plant sorting.

State 16 I expect to be an on/off well where they try to understand how laterals will work, what flows can be achieved, any problems that may occur. They’ll need to get the gathering line in place for this but that’s not a big job. Then state 16 will be used to check overlying layers using the same approach.

Federal 28 will also be an on/off well with a bit of production. I expect they will then drill a lateral there after a bit of cash flow and understanding of state 16. Whether this is before or after overlying layers at state 16 would depend on there plan.

Then there is the salt wash drill. Hopefully they get a partner in on this. The cash flow at present doesn’t support drilling there near term without the paradox online. Hopefully they can extend the period in which they need to drill and look at it a bit later otherwise I feel that one may slip away.

Oil prices holding quite well so payback on non-ops is looking ok.

I've been trying to find some more information on the Salt Wash well that was planned, but haven't found much. It is likely it will not get completed in the timescale they originally expressed. They could of course abandon going down that route still although last Auctus research note stated it was still planned for this year. However would hope they manage to secure someone like H&P to drill that one also even if it is later in the year.