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Hi Ebbs. I am also an ex Rose investor. It will be great once the anticipated news arrives. Luckily I have managed to acquire plenty of shares below current price so I am above water. I do think that the BOD did advise of the delay and suggested multiple news in the very near future and I am confident that the current value of Zeph will soon increase substantially. Patience. It may even be Monday.
It’s been a strange trading day. Or should I say “non trading day “. Is it only a few of us who realise the huge potential her and near term too. I topped yesterday at 5.7 and believe that in the next week or two we could be double this price or have we few got this wrong. Think not.
Hi NORTHERN. I am also interested to see what the cash income position is now. Although Louisiana volumes are modest, don’t forget that oil from here will realise current WTI prices. That apart, an encouraging RNS and although Malcy no longer has PPC on his Bucket list, he believes that we are grossly undervalued - see his blog earlier today
Worryingly I emailed PPC on Louisiana update last week. No reply
Harsh Steven. I was there. Great spectacle. It will be tough to stay up though I admit. Hopefully decent RNS tomorrow with second drill.
Hi Northern. This seems to be a sensible fund raise. It’s all about the potential here not just our own development which looks positive, but also the income streams from our purchased assets. This is looking like a major Energy in the making company to me. Today’s value may look silly in a few weeks after the CPR is announced.
I am also pleased with today’s RNS. Would like PL to advise his projected daily production figures for the year and obviously we await details of the cash proceeds we can expect. Considering that our Atome interest is worth circa £7m the main business is ridiculously undervalued at £32m.
I hope to see a positive production update RNS tomorrow Northern.
Hi Northern. My thoughts are not. Plenty of potential with existing assets and I can’t see PL going back to shareholders for more dilution. We need to get production up to the 4000 barrel equivalent daily on a sustained and increasing level and build cash before anymore moves. Then see what Paraguay achieves where There is a 30% chance of success. I think that we will see the benefit of those higher oil prices when we export.
I have retained my PPC and Atome holdings. I even topped up PPC a little over 2p. Our market cap is £40K. We still own 27.9% of Atome which is circa £7.25m so do we really believe that our company assets and potential are worth £33m ? I expect some increased production numbers will be announced this week. I hope also that news on Louisiana is positive. Paraguay will be a huge bonus if successful. This remains a buy for me. Good look all in 2022
Have a good one Comeonvog. I have enjoyed reading your positive posts of late. I finished 1 pm today and not back till 29th when hopefully we will be reading further news.
I believe potential for additional drilling in Salta, Northern. That apart, increased Argentinian and USA gas and oil production expected to circa 4000 barrels equivalent which in its self will increase revenue. Paraguay with its potential seems to be the driver for additional revenue and this is initially a virtually free ride. Of course if we retain 25% plus of Atome and this share price increases after the IPO then the PPC value will reflect this.
Pretty bullish wasn’t it Northern. Not a massive fan of Malcy but agree in his posts re Zeph. I am surprised at the muted response in share price after the initial early morning surge. I think that the CPR due in a couple of months will attract a take over bid
I think that the RNS related to beneficiaries being allocated 1p shares, which they all are, but not getting them at 1p price. I maybe wrong
Well I wouldn’t be selling now but of course everybodies financial situation is different then so be it This is a strong buy for me based on Atome alone. I topped up yesterday and if I had the funds would have done today