Member Info for Adon30

I think progress on the admission to AIM is going to be a key for shareholders. Whether it comes next week or before the end of the year is the question….. would certainly indicate future intentions.
Other news could fall in between to facilitate details that will be within next weeks presentation.

“Progress AIM admission to increase the opportunity to further develop the downstream LNG and CO2 sequestrations sectors of the Company's portfolio. These represent growth opportunities during the Energy Transition with the potential to divest at the right time to larger peer companies specialising in these specific sectors.”

There is plenty more to come.....

By end of September ZPHR will have a 100% carbon neutral operational footprint

They also have the Williston Basin - Continental acreage which still has 22 future wells forecast to be drilled by 2023. One or two of them could also be completed before end of this year (if not already in progress) which will keep the cashflow coming.
So plenty more than just the 7 currently in production.

They also have that 'little' paradox basin development ongoing.....

Great future to be had here.

“ Should be a good day all round” - unless you’re in Lekoil….

I believe there is a round of license bids happening soon in T&T both on and offshore. Can’t remember exact dates so will need to search for it.
TXP maybe interested in some as they have a lot of data and an experienced exploration geologist. Although they do have several of their own ‘big’ prospects to explore and expand.

Don’t forget PRD have a agreement with Lease Operators Ltd. (LOL) & Heritage to provide C02 EOR services. These are two big operators on the island and should open many more doors.

The energy minister Stuart Young is very keen to progress T&T in all aspects and has already set many plans into action. Even if action in Trinidad does take a little longer than elsewhere. There are definitely a lot of good prospects in Trinidad

I may have mentioned it a few times…… ;)

Remember the journey to get to this point....
They have a successfully drilled 4,555 feet lateral of which 85% can be completed for production. To test and analyse all of this will take time. PATIENCE is key here no need to rush.

Below is a summary of DFIT taken from the web
---------------
DFIT has proven to be a valuable service in the initial phases of development. The data captured can serve to determine the best landing zone for the lateral, map pressures and permeabilities, and allows for a better understanding of the variability of the unconventional shales for frac calibration purposes going forward in full scale development.

When you can perform a pressure transient test that does not interfere or defer production during a “dead” period, a test that provides no wellbore risk, has a minimal financial impact to the cost of the wellbore yet has the opportunity to yield a “treasure trove” of both frac calibration parameters and formation characteristics, why wouldn’t you want to move forward full speed with implementation of this procedure for all of your wells?

http://www.petracat.com/energy/Diagnostic-Fracture-Injection-Testing-DFIT-in-Unconventional-reservoirs/page168.html

Lih - I was just about to look for that quote in the RNS after reading the thread.
Also remember Lonnie has gone to T&T to understand and look at the next stage of the process (with a view to making it larger scale.... - my words in brackets not the rns).

Most of them showing as unknowns (I left the two in between which are not yours just to show approx reporting times). The other 100k+ also Us

26-Aug-21 08:17:42 6.12 326,683 Unknown* 19.99k O
26-Aug-21 10:12:52 6.13 50,000 Buy* 3,065 O
26-Aug-21 10:05:09 6.02 2,966 Sell* 178.55 O
26-Aug-21 08:02:22 6.12 326,683 Unknown* 19.99k

State of emergency extended for a further 3 months in T&T

https://trinidadexpress.com/news/local/soe-for-3-more-months/article_fc36437e-0608-11ec-aac3-731c78a0f9e1.html

Someone is exercising a warrant of 227,273 shares at 2p per share. So £4545 will go into the company kitty.
These increases shares in issue to 1,291,223,273. A dilution of about 0.01% so hardly noticeable

The C02 flood guidance for operators is essential bedtime reading... for any insomniacs!

But seriously. Plenty of good links on that web page and shows that it's not just about squirting a bit of gas in he ground, otherwise everyone would be doing it.

They bailed out mid week....

As I said yesterday “ They are doing this in a slow and steady manner as they have always said they are responsible stewards.”

Good things come to those that wait!

Can't remember where I got 60 days from as can not find the info now. But it is definitely around that. 45 days at best.

This may be useful if the link works:
https://www.reddit.com/r/TouchstoneTXP/comments/omh1uk/royston_getting_to_know_the_beast/

60 day schedule.

"Any way to find out who the Morocco drilling contract is with?"

Star Valley Drilling. Rig 101 is used

"Any way to find out who the Morocco drilling contract is with?"

Star Valley Drilling. Rig 101 is used

The good thing about this is that even though it is not completely virgin territory like some wildcat drills. Zephyr are still treating it as such and using all the methods at there disposal to get it right first time.
Unlike some companies that rush into it as it's costing them 100k+ a day, test the wrong thing, have a power failure, damage the well bore, get the kit stuck and then end up with no valid data and just a large bill to show for it!

As an investor, which company would you prefer?

This is just a 'first check' to confirm that it can be produced in this location of the Cane Creek. No one has done this before and others have tried and failed but didn't have the technology that is available now.

They also have the backing and funding of several organisations to improve production:
https://netl.doe.gov/node/9485

They are doing this in a slow and steady manner as they have always said they are responsible stewards.

Once this first lateral is complete and they have a whole array of information the second, third... tenth well will all fall into place as production increases.
They can easily stick half a dozen laterals on this single well pad. Thus saving costs, infrastructure, environment and being responsible. Once those are depleted they can always stick more on the same pad at different angles or different layers, assuming there is still more to be had. I'm sure they will work out a way to get the most from this and subsequent investment.
This Vid shows how several laterals can be put from the same pad: https://www.youtube.com/watch?v=fBQCQ6HL2Yw

You are not going to drain or access the entire cane creek reservoir from a single lateral. What were you expecting? Do you actually understand oil extraction?

It also says the paradox. They have only accessed the cane creek reservoir with this drill and not any of the overlying layers.