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https://www.malcysblog.com/2022/02/oil-price-zephyr-energy-and-finally/

https://www.foodanddrinktechnology.com/news/40840/microsalt-to-begin-global-expansion/

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Zephyr Energy (ZPHR LN): US acquisition complete, 3x increase in production base
Share Price: 5.2p, Market Cap: £80.6m
• Zephyr has confirmed the completion of its US$36m acquisition of non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, US.
• All conditions of the acquisition have now been satisfied, including the transfer of title of all associated working interests to Zephyr, and all payments have been made from proceeds received from the Company’s recent equity fundraising and from a newly secured senior debt facility.
• Details of the acquisition were originally announced by the Company in November 2021.
• The acquisition consists of working interests in 163 currently producing wells with an average working interest of 4%.
• In addition, a further 18 drilled but uncompleted wells are scheduled to come online by the end of June 2022, with 47 other locations to be drilled in the future.
• Proved reserves acquired were estimated, by third party consultant Sproule Incorporated, to be 2.7MMboe, with an estimated post-tax net present value of US$57.1m (NPV10) and a total estimated undiscounted future cash flow of US$82.0m at current commodity prices.
• The acquisition has an effective date of 1 December 2021 and cash flows from the producing wells associated with the acquisition since that date will accrue to Zephyr's benefit.
• In December 2021, production from the acquisition’s producing wells averaged 1,105boepd, giving Zephyr's non-operated business (including other well interests already owned) a net pro forma combined run rate of 1,759boepd at the end of December 2021.
• Zephyr has not hedged any production to date.
• The Company plans to hedge a substantial portion of the combined non-operated production in the near term.

Our take: A significant development for Zephyr, with the Company acquiring a high-margin production base with significant near-term growth potential, and in doing so materially increasing (3x) its non-operated production base and more than doubling cash flow per fully diluted share.

https://www.fdiforum.net/mag/featured/tekcapital-announces-microsalt-global-expansion/

https://www.londonstockexchange.com/news-article/ZPHR/completion-of-us-36m-williston-basin-acquisition/15331953

Colin Harrington, Chief Executive of Zephyr, said: "The closing of this Acquisition is a landmark moment for the Company. We’ve acquired an accretive, high-quality, high-margin production base with significant near-term growth potential, and in doing so we have nearly tripled Zephyr’s existing non-operated production and more than doubled cash flow per fully diluted share.
"Combined with our recent fundraise, the Acquisition's cashflows will support growth across our broader portfolio, including funding a proposed high impact three-well drilling programme on our operated flagship Paradox project in the second half of 2022.

“I would like to take this opportunity to thank our lenders, both of the new senior debt facilities and of the initial bridge loan, for their proactive involvement in helping us complete the Acquisition. I’d also like to welcome our new equity investors to the Company - we look forward to providing regular updates on progress as we continue through this phase of rapid growth.

“Finally, in line with our core beliefs and public commitment, we intend to ensure that all net hydrocarbons produced from the Acquisition will have a "net-zero" Scope 1 operational carbon impact while under our ownership. This will be achieved largely through our programme of purchasing Verified Emission Reduction credits to mitigate all Scope 1 carbon emissions. As always, we will strive to operate as responsible stewards of investors' capital and of the environment in which we work."

https://bmmagazine.co.uk/business/british-investment-group-tekcapital-announces-microsalt-expansion/

https://www.youtube.com/watch?v=tz7EbpZjeVA

https://www.youtube.com/watch?v=tz7EbpZjeVA

https://www.youtube.com/watch?v=tz7EbpZjeVA

https://www.londonstockexchange.com/news-article/OMI/argentina-update/15328360

https://thetalkingdemocrat.com/news/97310/global-sodium-reduction-ingredient-market-is-projected-to-reach-around-us-2158-7-million-by-the-end-of-2027-at-a-cagr-of-12-2-business-segmentation-by-revenue-and-structure-forecast-2027-cambria/

https://www.londonstockexchange.com/news-article/TEK/salarius-update/15326513

https://youtu.be/dVc1E6wp41w

@goldplatGDP

Came out at 431

Best

https://www.londonstockexchange.com/news-article/ZPHR/investor-webinar/15320657

http://www.tekcapital.com/crackle-baked.pdf

https://www.malcysblog.com/2022/02/oil-price-dec-zephyr-lamprell-president-prospex-and-finally/

Williston Basin Production update

Q4 operational production rates from the Company’s Williston Basin portfolio averaged 548 barrels of oil equivalent per day (“boepd”) net to Zephyr. In addition, three wells on the Sundance Kid pad were brought online in late December, which added an additional net 106 boepd on an operated basis. As a result, Zephyr’s existing non-operated portfolio produced at a total run rate of 654 boepd by the end of Q4.

Zephyr sold 43,185 barrels of oil equivalent ("boe") during Q4, and net sales to Zephyr for the quarter were broken out as follows:

Oil: 35,895 barrels ("bbls") at an average sales price of $72.34 /bbl
Natural Gas: 19,081 million cubic feet ("mcf") at an average sales price of $5.35 /mcf
Natural Gas Liquids: 5,132 bbls at an average sales price of $56.56 per bbl

(Note: Fourth quarter production volumes and average sales prices figures include field estimates in respect of December 2021 production and sales)

Zephyr began Q4 with interests in 7 non-operated producing wells, with 8 additional wells brought onto initial production by the end of the quarter. Newly producing wells include the Company’s interests in the Sundance Kid wells, which are currently producing on flowback only - production from the pad is expected to further increase when artificial lift is installed in mid-February. An additional 7 wells in the existing portfolio are expected to come on line during the first half of 2022.

Williston Basin Production Outlook

Production from the Company’s non-operated portfolio is expected to further increase over the coming months as additional wells from the existing portfolio are brought online and when the Company’s proposed $36 million acquisition of further non-operated assets in the Williston Basin is completed (the “proposed Acquisition”) as expected in mid-February.

On completion of the proposed Acquisition, working interests in 163 additional producing wells will be integrated into Zephyr’s portfolio. The proposed Acquisition has an effective date of 1 December 2021, and cash flows associated with the proposed Acquisition’s December and January production will accrue to Zephyr’s benefit post-closing. In December 2021, production from the proposed Acquisition averaged 1,105 boepd, giving Zephyr’s non-operated business a net pro forma combined run rate of 1,759 boepd at the end of December.

Zephyr has not hedged any production to date. The Company plans to hedge a substantial portion of the combined non-operated production after completion of the proposed Acquisition.