Member Info for Adon30

Bit of an odd promotion linked to Zphr
https://*************************/status/1562078463149764608?s=20&t=2Cl_oYiq8NAFlKv3zwrY4Q

It’s good sharing the info with everyone as the more people checking the more likely it is to be spotted :)
With it being the US it’s more likely to happen when the LSE is closed so no chance of anyone getting a jump on it. Don’t think they picked up on it on the OTC either.
Company will need to rns on the Monday.

I thought I’d checked that last night but could have been Thursday as was ill last night. Great news. I didn’t expect it to be much longer if they’d paid the bond.

Looks like the 36-2 has been approved but still waiting on the 36-3. Hopefully not far behind as from the same pad/ horizontal.
https://dataexplorer.ogm.utah.gov/?keyName=PKey&keyValue=38789&keyType=Integer&detailXML=WellDetails.xml&DETAILSONLY=True

Not sure what the details are on the 3rd drill as they are joint with another operator.

Romania depletes quite quickly and they know that. The current prices and net backs have held a good profit though and paid for the drilling.
Disappointing that the Tunisia workovers still not complete as that would double production. Still plenty in the ground there to.

Two good results from the Romania drills and a quick tie in will see profits soar further

Sorry TC missed reading this fully but replied on the other thread.

The site evaluation should be fairly straight forward as Zphr are mostly using existing pad locations in a state area. It’s not like they are having to tear down forest or build new roads. That’s part of the beauty of this stage as it substantially reduces cost.

You’ll need to access the Utah oil and gas permits website.
https://datamining.ogm.utah.gov/?keyName=PKey&keyValue=38788&keyType=Integer&detailXML=WellDetails.xml&DETAILSONLY=True

The progress details are on the dates tab.

I think you need to read the 8th December rns again.

“Gas rates are substantially higher than expected, with modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 boepd of liquids.”

“ The test indicates a highly successful appraisal of a substantial new gas condensate resource and one which the Company forecasts will deliver strong single well economics.”

“ The Company is also appraising a number of potential profitable solutions for selling the substantial volumes of natural gas expected to be produced from the well. These solutions, detailed below, include the sale of gas into nearby existing infrastructure, as well as the potential to co-locate a cryptocurrency mining facility onsite in a similar manner to other nearby operators in the Paradox and Williston Basins.”

There’s certainly enough in there to debunk the fud that you posted.

They paid the bond on the permits on 3rd August so definitely progressing.

And for those that don't know what a bond is:
"Oil and gas wells bonds are a usual requirement in obtaining this permit. They are a type of license bonds. The purpose of the bonding is to provide an extra layer of guarantee that you will comply with applicable legislation."

They will only announce the rig when the permits are approved.
It went like this last time.
Day 1 - Permit approved
Day 2 - RNS that permit/s approved
Day 3 - Confirmation of rig contract

It will probably be that quick again. Just waiting on that first domino.
Last time the permit took over a year. Hopefully they are pushing these a bit more as have the funds to proceed at pace.

This was answered on the investormeet presentation for the full year results 21st March 2022
If you have access to that platform you can hear the full answer. It is in the Q&A section.
The company basically said there is no difference in the shares on either exchange. They do not understand why there is such disparity. They also referenced the RNS they put out a year prior to that meeting stating such.

I was told 4 weeks for the drill so expected to finish around the first week of September if that is the case.
Would then need further testing. Not sure how much they'll do or timescale on that.
I wouldn't like to guess if they'll RNS. Was surprised they announced that they'd started.

https://www.proactiveinvestors.co.uk/register/event_details/407

https://twitter.com/lonny1971/status/1555429138688884736?cxt=HHwWgIC-zfCj_5UrAAAA

Interesting. Comes under LNG Import Terminal Planned and start up in 2024.

Mag Mell
Start-up : 2024
FSRU NOMINAL ANNUAL CAPACITY
2,60 billion m3(N)/year

Looks like it took them around 2 weeks to set up the equipment at Canar-1 and now up and drilling.
It doesn't say how long the drill is going to take though but will be to 1,600m.
Bit shocked that they actually put out a RNS for it. Maybe they finally realise how far the SP has slipped!

I was thinking in the region of 11h to the 15th for the Q2 update but could come earlier in the week if they have put everything together.
Companies often have closed periods on providing information prior to such updates but should be free flowing again afterwards.

https://twitter.com/TouchstoneExp/status/1554707449319346176?cxt=HHwWgMCq5YOMt5MrAAAA

Getting the message out there: https://twitter.com/ZephyrEnergyPlc/status/1554472801582649345

Equipment is onsite at Canar-1 well pad. Been there for over a week now.

I went with Prospex (PXEN) instead of panr. They are quietly doing things in Europe with gas and delivering.
Nothing like the potential scale of the other P’s

I may be wrong about W1 being the same location as the Sabria CPF. I have found some others nearby that could be W1. Bit confusing when you have so many well pads and lots of basically desert!
There has been some activity around these. How much and for how long is difficult to tell and maybe unrelated.