Member Info for indi123

The Market Capitalisation figure on LSE is not up to date. The last Total Voting Rights RNS on 30 Nov 2021 stated the company had 1,304,746,001 ordinary shares.

With the new placing shares this will go up to around 1,560,746,001 ordinary shares on February 11 2022. Therefore at today's price of 5.15p, the market capitalisation will be circa £81m.

Debt, if the full senior debt facility is used, will be around $28m+$3m=$31m.

The debt facility and placing, funds the 163 producing well acquisition and also the infrastructure costs to take State 16-2 well to production.

The end of December combined run rate was 1759boepd (including the new acquisition) for Zephyr's non-operated portfolio. At $72 per barrel, the revenue from this is around $3.5m per month or $42m per annum.

All sounds very promising and looking good for the future. Very well managed company IMHO.

From RNS:

"1. First placing shares
A total of approximately £3.325 million, representing the issue of 66,500,000 Placing Shares at the Issue Price (the "First Placing Shares"), has been raised within the Company's existing share allotment authorities which were granted at the Company's annual general meeting held on 30 June 2021 (the "First Placing"). Application has been made for the First Placing Shares to be admitted to trading on AIM and it is expected that their admission to AIM will take place on or around 1 February 2022 ("First Admission"). The issue of the First Placing Shares is conditional, inter alia, on First Admission and the Placing Agreement becoming unconditional in respect of the First Placing Shares and not being terminated in accordance with its terms prior to First Admission. The issue of the First Placing Shares is not conditional on the Second Placing completing."

Not sure if this has been posted :

https://seekingalpha.com/instablog/41325066-laurentian-research/5684691-zephyr-energy-and-important-message-from-laurentian-research

Mid-price equivalent to 7.375p on the US OTC market.

Thanks to all for the very informative posts. Hopefully the acquisition deal will be closed by 22 December as per the target date given in the RNS viz:

"Zephyr will pay the Seller a non-refundable deposit of US$3 million on or around 22 November 2021, funded by a bridge loan as detailed below.

 

The targeted closing date for the Acquisition is 22 December 2021, at which time the balance of US$33 million, less customary closing adjustments, will be due. The only outstanding action required for completion is for Zephyr to arrange the necessary funding for the US$33 million purchase consideration. There are no other closing conditions.

 

Zephyr is currently evaluating a number of structured debt financing alternatives to fund the Acquisition and has already received term sheets which include options for funding the entire remaining balance on a non-dilutive basis. If the Acquisition is completely funded by debt, pro forma net debt / adjusted EBITDA for the Company post Acquisition would be approximately 1.6x, a level which the Board deems to be suitably conservative."

MV111JAS...many thanks for the explanation

There are so many trades being reported after hours. However they are not marked as late/delayed trades. Anyone know why not?

Setanta...I concur

https://www.share-talk.com/tpi-provides-its-latest-research-note-on-zephyr-energy-plc-zphr-l-15/#gs.isyy2k

On today's news, surely this should be one of the top tips for 2022.

Apologies old news.

Search for Zephyr on the page :

https://embeds.audioboom.com/publishing/playlist/v4?boo_content_type=channel&data_for_content_type=4690167&image_option=small#Barney%20Gray,%20Consultant%20Analyst%20at%20Turner%20Pope%20update%20on%20Zephyr%20Energy%20PLC%20(ZPHR.L)

https://embeds.audioboom.com/publishing/playlist/v4?boo_content_type=channel&data_for_content_type=4690167&image_option=small#Barney%20Gray,%20Consultant%20Analyst%20at%20Turner%20Pope%20update%20on%20Zephyr%20Energy%20PLC%20(ZPHR.L)

Some decent sized trades going through over the last couple of days. The share price holding up at these levels would suggest most of these large trades are buys. Price is consolidating around 7p and awaiting the next piece of news to gradually rerate.

Quote from today's RNS:
"As we outlined to Shareholders in January 2021, our goal for the year was to establish production and positive cash flow for the Company either through our existing portfolio, via acquisition, or through a combination of both. Assuming we complete the Acquisition by the end of the year, we will end 2021 having outperformed even my most optimistic expectations, having grown a considerable non-operated portfolio during the year and having achieved a huge milestone with first production from our Paradox project, where production testing data from the State 16-2LN-CC well remains highly encouraging."

No joke...just an observation

None of the auto trades showing up today. Hope the algorithms been switched off for good.

Mr Bond is retiring

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.newcrest.com/sites/default/files/2021-05/210505_Senior%2520Management%2520Announcement%2520-%2520Finance%2520Director%2520%2526%2520CFO%2520to%2520retire%2520-%2520Market%2520Release.pdf&ved=2ahUKEwjFmL-7vJ30AhUXSEEAHYHaAFAQFnoECAwQAQ&usg=AOvVaw3NJnn_m0_p9fo76MOkIy0l

PwC are Barrick's auditors

Thought BHP's auditors are EY

https://www.accountancydaily.co/mining-giant-bhp-switches-ps12m-audit-ey