RE: Another monthly nearly gone.14 May 2026 11:45
Banbury, consider yourself in CH's shoes. What would you do now if you were him. He wants to cut the best deal possible for Zephyr's financial well being, if he wants to do his job correctly within the company for the shareholders. Or is he thinking of his own financial well being? I'm sure he has plenty of takers for the gas and oil but before he can sign a longer term contract he must "prove the 3 wells performance over the longer term ". This has not been achieved yet with independent back up data over a matter of weeks. This is the first step, to prove long term performance of the wells, before any Paradox development JV or longer term gas and oil deal can be firmed up. Enbridge are obviously in the front seat of all the proving work being conducted so will be fully aware of the performance of the wells first hand. Other interested parties in forming a JV with Zephyr will need to trust any data provided to them by Zephyr. Enbridge will obviously be interested in cutting a big deal if the wells performance over extended well tests is high. But consider if the well testing shows poor long term performance. So Enbridge can be hedging their bets financially through there brokers depending on the outcome of the performance of the wells. Colin knows this and will be keeping tight lipped about any other parties he is dealing with for the JV. Bit of a cat and mouse game playing out. Colin and Enbridge have to keep quiet until all the long term performance facts are known. This will take time, so Colin can deliver the best deal possible for Zephyr's shareholders (hopefully) and not just for himself.
It all depends on longer term well performance being proven and Colin's dedication to his shareholders. It's nothing to do with him being upset, and withholding information as punishment, by what BS is written on this or any other board. IMO.