Member Info for FlagStaffIR

Announced 17 June

https://youtu.be/fOPGbFyAS6c

https://www.londonstockexchange.com/news-article/ZPHR/state-16-2-well-data-assessed-and-integrated/15038344

https://www.londonstockexchange.com/news-article/ZPHR/award-of-drilling-contract-to-cyclone-drilling-inc/15034327'

Colin Harrington, Zephyr's Chief Executive, said "We welcome the opportunity to resume our partnership with Cyclone as we prepare to drill the State 16-2LN-CC well. In addition to our positive experience working alongside their team earlier this year, Cyclone has a long history of drilling safe and successful wells in the Rocky Mountain region. I am confident in their ability to help us deliver this well in a safe, efficient and responsible manner.

"Cyclone Rig #34 has remained active in recent months, is well known to our drilling team, is available on Zephyr's timeline and is currently located in Utah, providing savings on mobilisation and demobilisation costs.

"With the well now fully permitted and the rig contract signed, we look forward to commencing operational activity on the ground in July as envisaged."

https://www.londonstockexchange.com/news-article/PRD/mag-mell-project-ireland/15031816
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:

"The Mag Mell project has been designed to meet Ireland's immediate requirement for security and market flexibility of energy supply during a period of high demand, particularly fuelled by new investment in data centres. The design concepts have focussed on minimising the environmental footprint relative to other energy infrastructure projects and reducing C02 emissions. LNG will be sourced from a transparent origin where reliance on fracked gas feedstock will not be permitted. Mag Mell represents a unique near-term solution to contribute to Ireland's security of energy supply and can be commissioned and operational before other alternative solutions that have been put forward ."

https://www.londonstockexchange.com/news-article/ZPHR/approvals-granted-to-drill-state-16-2ln-cc-well/15030496
Colin Harrington, Zephyr’s Chief Executive said “Securing all approvals and consents needed to drill the State 16-2LN-CC is another step in our efforts to unlock significant value from what we believe is a project of substantial scale.

“I would like to thank all parties involved in this process, especially our advisers and the dedicated staff at SITLA, DOGM and the BLM. We are now well-positioned to finalise drilling preparations and third-party service contracts in advance of the proposed well spud next month.”

Interview with the CEO of Byotrol, David Traynor, talking through details of the RNS Reach that was released on Monday 21 June which might be of interest :

https://youtu.be/6CRBXk2RGp0

Predator Oil & Gas (PRD LN): MOU-1 well spudded, Morocco
Share Price: 15.1p, Market Cap: £38.5m
• Predator has confirmed that the MOU-1 well spudded yesterday with drilling ahead in progress to the first planned casing point.
• The well is forecast to take up to 20 days to drill and to run wireline logs.
• MOU-1 has been given a "tight hole" status and therefore, unless circumstances dictate otherwise, there will be no more information released until wireline logs have been evaluated.
Our take: This well represents an important valuation catalyst for the Predator, and in a success case, could potentially de-risk up to 1,823Bcf of prospective High Estimate gross recoverable gas resources in the Tertiary and in the MOU-4 Prospect to provide the basis for a further drilling programme, including appraisal and exploration wells. Whilst the shares are up almost 3x YTD, we believe there remains further running room in the stock to come ahead of an active drilling campaign this year.

https://www.londonstockexchange.com/news-article/BYOT/alcohol-free-hand-sanitisers-backed-by-tiggr/15024880

https://www.londonstockexchange.com/news-article/PRD/mou-1-commences-drilling/15024838
Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:

"We are delighted to have completed the rig mobilisation, rigging up and spudding of the MOU-1 well safely and in complete alignment with the pre-drill schedule. This is an exciting well for the Company and its shareholders and represents the culmination of work over the last 18 months, during the COVID crisis, to create the opportunity to drill in Guercif at this time. We are very appreciative of the many people within the Company and especially those contracted to the Company who have worked together as a team to execute the initiation of the drilling programme. We are also grateful for the unwavering support given to us by our partner ONHYM to help facilitate the commencement of operations. Pictures from the MOU-1 well site can be found at www.predatoroilandgas.com "

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

https://www.youtube.com/watch?v=1WpP7JWBUpU

https://www.malcysblog.com/2021/06/oil-price-eco-predator-hurricane-igas-far-zephyr-and-finally/

https://www.malcysblog.com/2021/06/oil-price-eco-predator-hurricane-igas-far-zephyr-and-finally/

Rainbow Rare Earths* (RBW LN) 14p, Mkt Cap £67m – Phalaborwa REE JORC resource shows 38.3mt grading 0.43% Total Rare Earth Oxides
(Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates. There is currently no BEE requirement as this is a retreatment processing operation)
• Rainbow Rare Earths reports a first JORC resource for the Phalaborwa rare earths project in South Africa.
• Calculation of a JORC resource requires the input and verification of a number of economic parameters giving significantly greater confidence in the ability of the project to go ahead.
• The new Inferred Mineral Resource shows 38.3mt grading 0.43% Total Rare Earth Oxides which is larger than the 35m originally estimated.
• The JORC resource confirms the presence of Nd/Pr Neodymium & Praseodymium at 29.1% within the rare earth content with an in-situ value of $95/t.
• Dy/Tb, Dysprosium & Terbium also offer potential in-situ value for a further $28/t.
• The total in-situ value adds up to $123/t.
• The deposit has exceptionally low radioactive elements making the project environmentally preferable, making the material easier to transport and reducing costs.
• Phalaborwa’s rare earths are contained in ‘cracked’ chemical form simplifying the process plant and lowering process costs.
Conclusion: Today’s news is significantly better than we have modelled indicating better value to be gained from the Phalaborwa project.

https://www.londonstockexchange.com/news-article/RBW/resource-estimate-for-phalaborwa-project/15021004

George Bennett, CEO, said: "The Maiden Mineral Resource Estimate for Phalaborwa marks an important milestone for Rainbow, underpinning the opportunity for the rapid development of a low capital and operating cost, high value processing facility in South Africa to provide the essential metals to power the green revolution from an extremely environmentally beneficial project.

The fact that the rare earths are present in a chemical rather than mineral form in the gypsum stacks removes the need, as with the majority of global rare earth projects, to firstly produce a mineral concentrate before undertaking a complex and energy intensive 'cracking' process. The initial Phalaborwa process will deliver a high value cracked rare earth carbonate and studies are ongoing to investigate whether the valuable rare earth metals can be delivered as separated rare earth oxides for direct sale to industrial users. This gives us confidence that Phalaborwa will become the cornerstone of Rainbow's business in the near term.

Alongside the recently announced metallurgical test work results, which have confirmed that the gypsum stacks are amenable to simple, direct leaching with low-cost sulphuric acid at ambient temperature and pressure, the road map to commercialising the Phalaborwa deposit is now clear. We look forward to announcing further metallurgical test work results ahead of completing an initial scoping study/preliminary economic assessment in Q3 2021."

Zephyr Energy (ZPHR LN): Robust operations update
Share price: 4.4p, Market Cap: £53.8m
• Zephyr has provided an update on recent progress on its non-operated assets in the Williston Basin, North Dakota, US, and on its flagship project in the Paradox Basin, Utah, US.
• In March 2021, Zephyr completed the acquisition of non-operated working interests in five wells located on three separate pads operated by Whiting Petroleum, in the Williston Basin.
• This included the producing Iverson 11-14HU well, the S-Bar 11-7HU and 11-7TFHU wells (which were drilled but not completed (DUC wells) at the time of acquisition), and the Feehan 11-9HU and 11-9TFHU wells (which were also DUC wells at the time of acquisition).
• In the period since the acquisition closed, Zephyr has received two scheduled monthly revenue payments from the Iverson well.
• In addition, the S-Bar and Feehan wells were completed by Whiting - completion operations progressed as envisioned, at expected lateral lengths, and ahead of initial schedule.
• Zephyr has now confirmed that the S-Bar wells have been placed into production, also ahead of forecast schedule, and the Feehan wells are expected to be placed into production within the next month.
• With regards to the Company’s Paradox project, preparations continue ahead of the drilling of the State 16-2LN CC lateral appraisal well which is scheduled to spud in July, and which will target the Company's first production from the Paradox project.
• Final permitting is expected shortly and vendor negotiations (including the rig contract) are expected to be finalised in the coming weeks.
Our take: Another positive update from Zephyr underlining several valuation catalysts on the horizon. Shareholders will be encouraged that the Company’s acreage in the Williston Basin will soon be ramping up production in an elevated oil price environment, taking advantage of strong cash flow generation. Operations at Paradox continue to advance. The additional evaluation work related to the overlying reservoirs continues to progress, and it is the Company's intention to update the market by the end of the month once final analysis has been received from third party partners and consultants.

Predator Oil & Gas (PRD LN): Rig mobilisation ahead of MOU-1 well
Share Price: 16.3p, Market Cap: £40.0m
• Predator has confirmed that the Star Valley Rig 101 is today under contract to Predator Gas Ventures Ltd and is being mobilised to Guercif to drill the MOU-1 well.
• A further update will be given when drilling operations at Guercif commence in the next few days.
Our take: The mobilisation of the rig is one of the final steps ahead of drilling ahead of this significant well for the Company in Morocco. The well clearly represents another important valuation catalyst for the Predator, and in a success case, could potentially de-risk up to 1,823Bcf of prospective High Estimate gross recoverable gas resources in the Tertiary and in the MOU-4 Prospect to provide the basis for a further drilling programme, including appraisal and exploration wells. Whilst the shares are up almost 3x YTD, we believe there remains further running room in the stock to come ahead of an active drilling campaign this year.

https://www.londonstockexchange.com/news-article/ZPHR/operations-update/15019101

Colin Harrington, Chief Executive of Zephyr, said: "We have a great deal of activity going on across our project portfolio and I'm delighted with how everything is progressing. We are particularly gratified that Whiting, the operator of five of our Williston wells, worked to accelerate the completion and production dates on the four DUC wells. When we initially agreed to terms on the acquisition of these interests, we ran our economics at a price of US$45 per barrel of oil. With current pricing at over $70 per barrel, we now envisage significant cash flow generation from this part of our portfolio over the coming months.

"On our flagship Paradox project, we have a fascinating period ahead of us. Preparations for our forthcoming drilling programme continue to move ahead at full speed and we are also excited to finish the evaluation work around the exploration potential of the overlying reservoirs, with more detail on this to come shortly.

"There is significant activity expected across our asset portfolio in the coming weeks, and I look forward to presenting our story to investors tomorrow evening."

https://www.londonstockexchange.com/news-article/PRD/mou-1-drilling-rig-mobilisation/15019114

https://www.londonstockexchange.com/news-article/TEK/grant-of-share-options/15017247