Member Info for Adon30

Still thinking Dominion with a small stake. Although the partner they had before will have a % of shares still.

It was on the TP link

https://www.turnerpope.com/investor-evenings/webinars/

"-- one delineation/development well in the historically prolific Cane Creek Field (new acreage south of the WSU)"

I have asked the question about this and what is happening with it....

The suspended presentation was because of permit delays. But to not reschedule for a bit later to keep "investors informed" has not been a good look for the company. I asked a page load of questions to CH about the assets that could have been answered regardless of the drilling schedule. I understand all the delays and problems they have had and I have no issue with that. But to leave the market in silence for so long has been poor form. Especially as a few years ago updates were coming monthly and we were having multiple presentations a year. And didn't have half the company there is now. Hopefully time for CH to step forward and progress the company in public view as they have been doing a lot behind closed doors for certain.

There was a webinar promised in October that never happened. 6 months with no further update or feedback from the company is too long. Regardless of any sparkling new details they really need to update everyone and the market now. That is far too long to be going without an update.

“ On 28 September 2022, the Company announced that it would be presenting a live investor webinar on Tuesday 25 October 2022. At the webinar, the Company intended to present detailed development plans and schedules related to the forthcoming drilling programme. Given that the Company is still awaiting the final Federal permits for the two wells located in the WSU, it has elected to delay the webinar until the State 36-2 LNW-CC Federal permit is granted and the rig contract awarded, so that the webinar can be as detailed, accurate and informative as possible.”

Read the Turner Pope research note. A lot more info in there than a journalist report.

“ while the extent of gas and condensate flow witnessed during the three days of continuous uncontrolled blowout builds confidence that Zephyr does indeed have a very large well on hand.”

Last agm vote there was 5.5% against JA and 4.2% against AF. Expect it to be higher this time.

Rig moved some time in last week by looks of things.

There is no flare just a reflection. The 36-2 pad regularly looks like one part is shining.
Pad (and surrounding area) looking much cleaner now though

Who says the rig needs to move off pad to test......?

Rig is still at Royston.
There is other news on Royston which is on the Discord group.....

Yes Dominions pipeline. The one that will be selling the gas to Green River.

I've also spotted further clearance works along the dirt road and also at the interstate junction. So looks like they are getting busy.

The note confirmed that pipeline construction has started.
I hadn't looked before but this can now be seen as they started at the processing plant last month.
I am not sure how much we will see for the coming weeks as they are following the dirt road and backfilling as they go. But it is underway and ZPHR now have a pipeline being ready to take gas. There is still a target of Q4 2023 on the note as well. Plenty of work to do between now and then. Just wish the company could be in a position to communicate the presentation we were promised.

Clean up moving along nicely. Not as much black on the north and west side of the pad now.

Good to see a response from CH. A proactive interview (or similar) would have been worthwhile off the back of this announcement to cover what has happened and how they are progressing.
Looks like he was out there over Easter getting things sorted so may not have had time yet.

The change from ice cold and snow to 20+ and sunny in the last week may not have helped the equipment and contributed to the failure due to expansion. There will no doubt be a small delay while this is sorted.
All the non ops still chugging away nicely though.

Was 4.39p on the open when I got an offer. Not sure if anyone got better?

There’s certainly a lot of black stuff there but looks like they’ve started clean up. Will mean removing contaminated soil from the area and cleaning down.
Unfortunately equipment failures do happen and this is a high pressure system.

I did wonder why the entire well pad was black and thought this was the case. Was waiting on the company report to confirm.

The last updates I can find for El Romeral were back in August 22 when they released quarter results and also an update on the solar project. Since then Warrego has taken over the other half of the interest but no further updates on revenue and production.
Find this quite odd with the silence. What is happening in the background?

Originally applied to drill more:
https://www.ema.co.tt/esummary/index.php/details/1/3498