No, nothing new, just the same old guff about being good stewards of the environment, looking after investors' money as it dwindles away, no one killed in the disaster, clap on the back for the clean up crew, massive potential at Paradox, spending $ms on tiny %s of new Willeston wells and plans for another drill which could take until next winter to get all the necessary permissions in place. And... we look forward to keeping investors informed with all the upcoming news flow.
We knew what the purpose of the last one was as well as the interviews. I am now sceptical of anything he says unless it is backed up by real facts. The sp does the talking and it has gone nowhere in the past year, or even longer now. Okay, there will be more wells at Williston but that's not what I am interested in as they are supposed to be funding Paradox. As I recall there were supposed to be 10 wells drilled this year - what happened there? I am a long term investor here but no webinar is going to do anything for me if is just more waffle, self-praise and guessing at future plans that slowly melt away into nothing anyway. I still live in hope but mostly look on this as a poor investment decision.
I had a phone call from TP as well. I can't see the webinar will hold any special news unless there is an RNS before then. What have other webinars/interviews produced, usually a drop in the sp. What we need is positive news on Paradox and the start date to sell gas. What we may get however, is news of another 5% interest in a handful of new wells at Willeston to pay for another well at Paradox for which they are awaiting permissions. If they haven't bought all the Paradox acreage already we may get an addition there as a way of offloading a few $m. But not until Paradox has been commercially proven with a constant stream of cash flowing into the bank account will this move ahead to the relief of long term holders.
Great post D1nger. Had to repost it for those who may have missed it!
CapexToday 00:35
Mr Positive posted an excerpt earlier today that Matd believes should Velociraptor be successful they will be able to produce 90k barrels per day by 2028 with a CAPEX of $5 per barrel. That is absolutely insane. $5 per barrel? Wow!
I’ve always loved fantasising about what could be and this had me wondering all day about what this means to those of us willing to see things through.
If, and it’s a big IF, that happens then Matd would make $1.8 billion a year profit before tax at $60 per barrel. If Matd awarded 10% to shareholders as dividends then that would be equivalent to 18p per share.
Then I imagine what if the price of oil was $100 per barrel? Well it would be $3.1 billion per year profit or 31p per share dividend.
That is just Velociraptor if successful. Fox would provide the same again if successful. So would Phoenix.
Heron is just under one third the size of Velociraptor but it also has the potential to provide dividend generating profits and that is the significance of the granting of the LP.
So if Velociraptor, Fox and Phoenix are all successful and each of them produce 90k barrels of oil per day then this company can realise a profit of over $5.4 billion a year before tax.
We currently have an mcap that reached $50m today. In 4 or 5 years time our annual profit could be 100 times our current mcap.
Then we have our renewable energy project to think about and the other targets.
It’s scary but it’s worth thinking about if you are considering selling below 10p per share.
Might not sleep tonight lol.
elland. But what news, the tests will take 4-6 weeks, May or later as they always seem to have delays? May last year was when they put in for the permission to drill so will have to wait until Q4 to drill again? Another winter like this one? Not that it makes any difference until they can sell the stuff. There just does not seem to be any strength in Zephyr any more, always jam tomorrow and tomorrow never comes. And a good result will take this where, back over 6p? It's a long wait with no income from Paradox until the infrastructure is up and running and they can sell the gas.
It's interesting to see Lorna is coming across as just the person to be in charge as other posters have alluded to. It's given me more confidence things will get done on time at the best price.
Joint Rig. Not sure if this has been posted or not.
https://geoexpro.com/green-helium-exploration-is-set-for-a-breakthrough/
I was in before and took a hit as I got in at 9p, sold out and bought back in recently. This time it seems we can get the job done and if Velociraptor comes we'll all be celebrating. I may sell a few around spud though.
Tomorrow is only a day away but it never seems to come for Zephry. Always on the cusp of the elusive news but it's never the news that includes the word, 'production', in relation to Paradox. The sp is about the same as it was in July 2021.