focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I've been trying to research what's going on with gas export infrastructure for Zephyr which has been pushed up the importance scale since 16-2 had a higher gas level than expected.
There have been several references in RNS's (26.1.2022, 7.6.2022)or presentations (8.2.2022) since the 16-2 test completed, all stating that work for a tie-in would commence H2 2022 for sales in 2023.
Adon found the following application which would appear to be what is being referred to being put into action:
https://eplanning.blm.gov/eplanning-ui/project/2022212/510
This pipe would head North East and the RNS's refer to the pipe it's connecting to as being recently purchased by Dominion, however the application references Pacific Energy & Mining (PEMC). This is likely just an administration anomaly as Zephyr's application is filed under Rose.
The recent separate acquisition of gas infrastructure by Zephyr detailed in the RNS 14.9.2022 refers to 21 miles of pipe from the acreage ending up at the Powerline Rd/Ruby Ranch Rd processing facility.
Although I don't recall any direct reference to PEMC it can only be the pipelines referred to in the following:
https://commerce.utah.gov/2019/04/12/moab-natural-gas-pipeline-shut-down-operator-fined-100k-after-investigation-by-utah-division-of-public-utilities/
Zephyr acknowledge their status in the RNS.
This infrastructure heads out South East and appears to be preparation work ready to receive from the current proving up of the South Western side of the acreage i.e. 36-2 and 36-3.
There are still many questions which should be answered by the future webinar, the biggest being the current timeline for the 16-2 connection/Dominion refurbishment, as this is what will virtually double production at a stroke.
Adon, I'll have to double check later but didn't Dominion buy the Pacific pipeline? Isn't that the only pipe out of paradox?
I know there's the Questar but that's interstate isn't it? And then there's the Dominion project to bring gas to customers at Green River but that's got no relevance to Zephyr has it?
Excellent find Adon, nice one. This will start to give us a tangible timeline until we can release that pent up pressure at 16-2 into $ and a meaningful share price uplift.
The other piece in the jigsaw here will be the refurbishment progress for the Dominion/Pacific pipeline.
The reality is that not huge amounts will change (baring some speculation over the 36 drilling) until:
1) the 36 drills are successful and oil is actually produced (this well has been flagged as oily so the product can be tankered away). Timeline 2 months earliest?
2) 16-2 is connectable to the Dominion pipeline. Timeline???
I've tried wading through the SEC filings for Dominion and can't find anything on the pipeline refurbishment progress. Anyone else find anything as this will be crucial for 16-2?
A dozen 'sells' but no real price drop. Someone is happily pocketing these at leisure.
And that's with Williston payments being made up to 5 months post production.
Very healthy and with $25m income already this year, likely an income forecast update due.
pitiful volume
Should see:
Drilling contract signed and spud date.
Rescheduled webinar.
Q3 Williston update.
Revenue guidance update.
(based on RNS 11.05.22 when guidance was set at $35-40m, 500-550k boe. By the end of Q2 ZPHR had already banked $25.8m from 311k boe. The Q2 update from 11.08.22 stated "An estimated 30 additional wells in which Zephyr will have working interests are forecast to be brought on production by the end of 2022, which will help to decrease standard portfolio decline rates". So even Q3 and Q4 of just $10m each with declining oil prices should see a positive uplift in the earnings forecast.
It was always a longer term prospect and it's only the PIs that get too excited by short term share price prospects.
The real news is always going to be in the viability of Paradox as a major play, i.e. the flow rates after drilling.
Until then, this share will be traded and calling a m'cap from Williston is simplistic as the cash generated is being spent.
Hopefully we'll see the drilling underway soon, flow results, new CPRs, follow up drilling and infrastructure connection/flow by summer next year. Until then I think there will be far more trading than boom.
Papa, at the fundraise Turner Poop got 16m shares. They ALWAYS sell no exception. If they haven’t cleared out already, they will be now.
Let's see what happens when the overhang is cleared.
Panda the broker warrants are 'free' not @2p. They are part of the fee.
They will go via JIM Nominees Ltd and be sold just like the previous 7m from the 30p fundraise.
JIM Nominees Ltd files as a "Dormant" company by the way !??!
With Turner Poop being given 50m shares as part of their fees, I'd be putting the FOMO well and truly on the shelf for a long time yet.
Turner Poop ALWAYS sell, even despite previous denials on camera from GB (they're his friends, they wouldn't sell without telling him!?!).
So with 50m shares coming to a market near you soon for any price they can get....
Warrants, Warrants and more Warrants.
Why do the BoD get warrants for running the ship aground?
It would help if autocorrect didn't disrespect their name ;-)
I'm surprised no-one has looked at this so far.
Starting a joint operation with the local 'expert' should be recognised as a strong signal that the knowledge that ZPHR are bringing to this basin is highly credible and respected by their peers.
I wonder how much more institutional attention this will bring while PIs fret about the short-term ?
"There had better be real news next week or what" SCE2?
More tantrums..... because he wants to make money TODAY! NOW! INSTANTLY!
Re equipment at 16-2, anyone can tell what's going on if they buy a satellite image....
Or is he just being very uncharacteristically quiet.....?
from Twitter.. run away!
A liability to have on the board?