20th Nov RNS'28 Nov 2025 13:39
Paradox Project Update
Following the recent completion of the Competent Person's Report ("CPR"), which detailed a significant upgrade in Company reserves and resources, Zephyr's key operational focus has been on tying-in the three previously drilled Paradox project wells to nearby pipeline infrastructure, in order to deliver future hydrocarbon production. The three wells are the State 36-2 LNW-CC-R well, the State 16-2LN-CC well and the Federal 28-11 well.
'Engineering work and commercial documentation with Enbridge (the operator of the adjacent 16-inch natural gas pipeline) is progressing, along with a workstream for securing the necessary regulatory approvals for Zephyr's proposed natural gas transportation service. The Company is also in the latter stages of selecting a marketing partner for its natural gas and associated hydrocarbon volumes.'
Surely by now CH could give us an approx date when this engineering and documentation work will be done.
Next month, winter 2026, spring 2026... or later.
The sp is falling due to uncertainty and even it goes up by 50% on good news it will still only take the sp to about 3.5p.
Then profit takers who are buying now will sell up as it always falls back.
Then another almost everlasting wait for the next 'happening'.