Member Info for Adon30

Another milestone achieved. Really positive news.

Onwards and upwards

0.0904 = 6.6p

A few more trades than previously on OTC yesterday. But still needs a lot more.

https://www.bloomberg.com/news/articles/2021-08-06/the-era-of-cheap-natural-gas-ends-as-prices-surge-by-1-000

Is there a midday rns coming??
Sudden surge…..

Forgot about the McCoy…. Could be interesting and by then will have a few $m in the bank by beginning of 2022 and, fingers crossed, first paradox well online with more to come….

The similar but smaller rig used in Morocco, Rig 101, could complete that depth in under 6 days no problem. So the dual heavy rig would not have an issue with that timeline.
From published data Rig 101 can do 950-1100ft in a day (depending what it is drilling through) and averages around 575-650ft a day across the drill schedule including breaks for casing, drill bit changes, pipe up/down etc.

Not sure that a placement is needed. Already in profit from the previous acquisitions and taking in $600-700k per month and by end of October that will be $800-900k.
By end of year (without any big spends or further wells running) that would be $3.5m+ in the bank. Enough for future laterals or exploration in the Paradox. Could easily pop another 4-6 on the state 16-2 pad or have a look at overlying layers.

Only reason for a placement like $10m would be if they could convert it into a 10x return within a year and I'd be OK with that if the opportunity is there now in a different region.

Yes I agree that a market rns will give ‘new’ information to the market that will move the SP one way or another.
The reason we have had no updates through an rns for the last 3 months is because Covid has prevented any rapid new progress. But they have been doing the things that they detailed in previous rns:
- Royston rig to site and installed
- coho pipeline readiness/ negotiations
- new Canadian rig delivered to T&T
- 3D seismic completed
- chinook testing

Hopefully (fingers crossed) we will have the delayed Q2 report tomorrow along with a Royston spud notification and maybe something else…..

Hi BP, I tried to find some info on this last night but couldn’t find actual thickness. The cane creek reservoir is massively unexplored and they believe less than 4% of the oil in place has been extracted.
The best bet is to read the RNS that have been issued and watch CHs presentations.
However there is not just the cane creek in play anymore but also overlying reserves that they have identified of oil and gas. They recovered even more data from these on the second lateral drill which is being further analysed.

This is an equally important part from an rns:
“Zephyr has worked closely with a project team led by the University of Utah's Energy & Geoscience Institute ("EGI"), in collaboration with the Utah Geological Survey (the "UGS") and other Utah-based partners (together, the "Project Team"). The Project Team's analysis of the Paradox Basin is sponsored by the U.S. Department of Energy and its National Energy Technology Laboratory (the "DOE")”
The partnership that ZPHR has with this is brilliant in moving this project forward.

If you also google paradox and cane creek there is also a lot of data available. It also brings up the supporting documents from the DOE and the sponsorship.

From rns:
Tue, 25th May 2021 07:00
RNS Number : 7064Z
Touchstone Exploration Inc.

“Coho surface facility is nearing completion and awaiting pipeline installation and tie-in.”

You have already been told. It is not new news as with a lot that has been reported on social media. The final tie in is still a few months away.
I’d rather have confirmation that things they have already said are actually happening rather than being kept in the dark for months until an rns suddenly lands like some companies.

Not testing yet.
Casing completed and rig was moving off site yesterday. Probably a few bits to move today.
They’re analysing logs and will no doubt be testing next week (maybe sooner).

'The same BOd are well aware of the need to increase the shares liquidity and I'd bet that is very much on their minds. If the share had good liquidity I believe the sp would be over 9P today.'

Hence the move to the OTC market.
There have however only been about 120K of trades on OTC since launch so hardly moving it along. There was a 20K buy yesterday but still next to nothing.

This will really need a promotion or launch by the BOD in the US. I'm sure they are looking at ways of achieving this....

Think the last trade was a sell on OTC
Yes it is very quiet. Not sure if there is anything on Reddit or something like that but doesn't seem to have a lot of exposure to PIs in the states.
Think the Zephyr BOD will concentrate on promoting themselves to US investing institutions first though rather than PIs

Typical. I looked at Lekoil this morning and thought 'no point putting money on that yet...'

The rest of this week is going to be the casing completion and then decommissioning the rig from site.
While that is happening they will be arranging the testing schedule and getting contracts signed to complete this. Then they will need to get equipment and facilities on site and start the testing. This is going to take 4-6 weeks at least. So the thing that is preventing the SP from moving the most is time. It will most likely move up on the next interim results but that's a few weeks away. Its now just a matter of patience.

Hopefully CH and the BOD can now start pushing this success to the US market. That will be the other main driver in things going forward.

They always said possible production by end sept/Q4 so highly achievable.

Great vid straight after CHs popped up for me. Explains the drilling and casing and why things take a time to complete. Was focusing on gas finds but same principle here.
https://www.youtube.com/watch?v=fBQCQ6HL2Yw

T&T still under curfew conditions and have been following the lockdown. And state of emergency until 24th August. Same reason why TXP rig up is taking longer.

Location of original CO2 injection system is 10.1604, -61.2659 for people who want to look. Best on google satellite.

Interested in Lonny being out there to commercialise and move to new areas/ locations/ countries….

So MOU1 has found a trap in the TGB2 sands that could be anywhere between 50-188bcf in size (according to estimates). You could call this on it’s own fairly big/massive/huge. Only the testing will determine this size and prove if it is commercial.

The other ‘trap’ is the TGB2a sand (or MOU4 prospect) which was originally defined as 42km2 but could be up to 60km2. Who knows what size this is and has the true possibility to be a monster/leviathan/great big f*** off trap or however you wish to describe it. Only the drilling of MOU4, once a location is finalised, will prove this one way or another.

I believe there will also be shallow bcf ‘bubble’ traps similar to SDX all over the acreage. The seepage of gas and hydrocarbons in the basin would suggest this (topic discussed recently). Finding these however at this time would be less important than knocking on the monsters door.

So going back to GRHs original post other locations (or bright spot locations) may also be linked in a similar way to the TGB2a sands.

Such as sands at possible drill locations MOU6 or MOU3. Of course there may also be more as yet undocumented.

TTT these were PGs comments below. It gets confusing when people talk in MOU1 or MOU4 as these are locations. The targets themselves are the sands. In this instance TGB2 and TGB2a. Where the ‘bright spot’ is the TGB2 sands and the MOU4 target is the TGB2a sands. And from the pre drill presentation and report it can be seen that TGB2a is below TGB2. If anyone is having difficulty understanding this the presentation and report are best being read first.

“MOU-1 delivered a result that allowed us to de-risk the MOU-4 Target whilst unexpectedly validating the pre-drill seismic "bright spot", related to the presence of gas, as being attributable to the western limit of the MOU-4 Target and not an isolated target as previously interpreted above what was thought to be the pre-drill MOU-4 Target equivalent section."