Member Info for indi123

Apologies for being off-topic, however still struggling to understand the reasons why the short-lived CFO Ayten Saridas, Jason Ward (Executive director), Benn Whistler (Technical Services Manager) and Ingo Hofmaier all resigned in the last few weeks. Do we know if they received severance payments. People don't just resign from their posts for no reason. Anyone have any thoughts?

"It's an exciting time for Zephyr and we look forward to keeping Shareholders regularly updated on progress in the coming weeks. In particular, we look forward to commencing the upcoming drilling programme on the Paradox project. With internal development potential fully funded from our existing asset portfolio, we plan on significant further growth over the next twelve months."

21st July AGM Statement :
"The Company expects to update the market on second quarter 2022 production and sales volumes from its Williston non-operated portfolio in early August 2022."

Tomorrow we enter mid-August.

...hope it's going to be worth the wait :-)

From https://www.malcysblog.com/2022/07/oil-price-prospex-europa-and-finally/ :

"This is very good news for Prospex and one that they have been waiting on for a while, Mark Routh tells me that this is a ‘significant milestone’ for the company. Given that these timing issues are expected in Italy regulatory approvals are worth celebrating.

It also comes after a raise earlier in the week whereby PXEN financed some £1.87m at a coupon of 12% in order to pay for costs at Selva which have been rather running away with the operator. Overall it’s been a good week for Prospex."

Will try to paste the link but it may not work:

https://audioboom.com/posts/8129412-trader-s-cafe-with-zak-mir-mark-routh-ceo-prospex-energy

Thanks for that great info TKIA. Quicker than the company !

Thanks LedZep.

TKIA, very encouraging, however forgive my ignorance, where did you find this information :
"Q2 revenue up 28% on Q1 for El Romeral"?

Nothing negative in there Evan3020 , it's just being realistic about a dynamic situation.

Evan3020:
"There won't be much oil flow at that rate and an email i got back from Colin this morning did not give me much hope, i think we need to think about Williston for now."

What were you hoping for in the reply from Colin?

Evan - why don't you paste the contents of the email and share the information with everyone on this board. Then we can all make up our own minds up. Thanks in advance.

Evan, regarding the email reply from Colin, could you elaborate a little please?

Thanks again Seekinvalue

Thanks dsrt. May be worth sending CH an email too, mentioning your findings and asking him some direct questions.

Last production update was on 29 April. Should be due another quarterly update soon in the next couple of weeks.

Interesting post Seekinvalue.

Illiquid is good when the SP is moving up :-)

Sure does blissful, extract from Malcy's Blog pasted below :

"Whilst all the figures here are inevitably historic it does give investors a guide to the incredible achievements of the Zephyr management team over the last 18 months. They have more than delivered, successfully drilling the Paradox Basin starting with Government money leading to the current position, an extended well test ongoing and an Autumn campaign of three more wells which must have a very good chance of opening up the next prolific onshore U.S. oil and gas play.

Indeed, after success at the Paradox, the company invested in the Williston Basin portfolio designed to give the company a much needed cash flow to pay for the potential at the Paradox. This has had the effect of making Zephyr into a full cycle company with a great deal of upside scope from Utah and add to that increasing Williston Basin high yielding production, it does what it says on the tin.

It is going to be a busy 2H for Zephyr and one in which much news will be hitting the market, don’t forget the company is currently fully funded so barring the unexpected won’t be coming to the market for funds. The build of this company has already started and I expect it to be a very substantial one in a very short space of time, it may come very quickly.

As an equity investment Zephyr looks incredibly attractive, indeed as suggested above I expect it to grow exponentially and under pretty much any economic industry metrics. At 4p investors should park their increasingly incorrect views about the company and see it as at least a ten bagger form here and maybe quite soon. "

Thanks for keeping us informed Chain. It's good he replied. Any mention of when the permit applications were submitted?