Member Info for Adon30

"Current assets as at 31 December 2024 were $8.6 million (31 December 2023 - $11.3 million), a decrease of $2.7 million. "

Maybe as I'm not logged in on this device then TT. Thought he may have deleted them as it sounds very unprofessional

Have they all been deleted now? can not see anything.

*Spook people. Not spoke.

Xtellus have managed to keep it down. When it rose due to the court case win all momentum was taken out of it by them selling and submitting an rns to spoke people they were selling down. They made a tidy profit and bought back on a much lower placing. Easily manipulated when you have such a big holding. They are getting an absolute bargain as assets alone worth more than that.

Annoyingly previous voting has gone SENX and JAs way. I will reject that offer as derisory but don’t think it’ll make much difference with the percentages that some other holders have.

I'm sure that they can complete an acid wash without the fibre optic cable. But it would be needed soon after.

As I have said equipment is there on pad so doubt they will let it sit idle for weeks.

The recent price action suggests people are predicting forward momentum.

The Bonasse is more strategic an aquisition than just oil production.

Yes, it is likely that the current investor would be privy to information. You would like to say that the investor would be told at the same time as shareholders as they are investors to. Does that always happen in reality... maybe not. But if they acted on that information then that would be a different matter.

Either way, yes you would like to think any offer, farm in or buyout would come at a much higher price. And the BOD is there for their shareholders. So if the offer was not suitable they could reject it and not have to put it forward. And if they did accept it could still always be voted against by shareholders (in the case of a buyout).

I am still thinking a farm in with ZPHR retaining a stake in the production of 10-30% but as a non OP and no requirement to fund any of the future works. Think there is still plenty of legwork to get there though.

No one would no the results before the market as that would be illegal and leave the company in a very difficult position.

This is another stage of proving a concept and will likely go into production. They can then possibly drill further laterals at federal 28 with some sort of farm in using the same approach. They may also use state 16 for the overlying layers, but this has gone quiet of late.

In other news it looks as though they are setting up to start (or have started) the next stage at the well. Hopefully they have the fibreoptics sorted now.

Decent amount of kit appearing around the pad. Fingers crossed for operations commencing

I missed this one.

The Tank Battery that was proposed February last year has become Active as of January 2025. So liquids storage is now approved.

According to my rough figures. Since the additional $36m Williston purchase in Feb 2022. ZPHR have made operating income (not revenue which is higher figure) of $35.7m 2022, $21.7m 2023 and $16.7m 2024. So a total of $74.1m.

That will also include the wells they purchased prior to the larger aquisition. But should have easily paid back the loans they needed by now.

Down hole flow and pressure monitoring is often used by companies to profile new well performance.

Yep, and it is actually a lead time on a fibre optic cable that has delayed them. Assuming this has had some sort of custom requirements for ZPHR that were only established after drilling. Otherwise they could have ordered it a long time before drilling started.

They are progressing however and results slipped to mid April now.

Good continued income from the Williston still.

I would have liked to have seen them gearing up for testing by now. The previous RNS have indicated that it would be a steady flow from one stage to the next.

End of March is potentially still possible as they have 3 weeks. But it will be tight if they also need to perform an acid wash as well. Maybe the delay is getting hold of this equipment.... or they are also planning to also do state 16 which would be a nice surprise...

Immediately after drilling operations have concluded, the Nabors rig will be demobilised at which point equipment for the completion and production testing of the well will be moved to site. It is currently expected that the results from the production test on the well will be available by the end of March 2025.

What happened to immediately?? Rig was removed 2 weeks ago...

Pad looks completely clear now so can only assume casing now complete. But no sign of any test kit yet this week.

Come on Zephyr give us some news!

There’s certainly large parts of it gone from the images. Whether they are still packing the rest away is hard to tell. They are a 24 hour operation so I’d like to think casing now completed. Need company confirmation though.

But expect they should be ready to move testing equipment on site shortly.

Looks like equipment has been moved off site. Well the big equipment (rig) has.

Yep, still no news on the Tunisian wells being improved. Surely xtellus will want a return on their investment