Member Info for Iwonttell

Don’t give up hope.

Firstly the well bore needs to be properly and thoroughly cleaned. All manner of junk gets lost in a well, wrenches, gloves, cigar buts along with all the loose material generated by the actual drilling.

When they drilled for water on my land many years ago, on reaching depth required there was an explosion of rocky gravel, mud, sludge etc. Thanks to the released pressure the well was pretty much self cleaning, and this was water, not viscous fluids and oil and gas.

Heavy mud will probably have been introduced into the well to control the pressure and help as a lubricant.

All of this takes time to clean up and clear.

While the debate on this board about the merits of the initial rod pump and the use of an electric pump was going on, the BOD rushed in with the electric pump almost as soon as drilling finished. The pump was bound to cough and splutter on all the residue.

We have to assume that a slow and professional clean up is now taking place. Also that an acid wash will be undertaken, and perhaps repeated.

There is oil there. Even if the well is not connected to the main reservoir, there is oil, and every chance of higher quantities.

We cannot do anything but wait on news.

I personally believe the decision not to sell at a great loss was the correct one.

The investment may be recoverable, perhaps even with profits.

Meanwhile, don’t despair. You would have lost the majority of your investment if you had sold, so just remain patient and mildly optimistic.

The BOD must have learnt some lessons from all of this, and must be seeking the best technical advice to try to remedy the situation.

And at the end of the day it’s money, not a life threatening situation.

Secure message at AJ Bell this morning.

You are correct of course. I must have been day ‘dreaming’.

Should rocket, may rocket, could rocket. Nothing is certain with AIM!

Sorry, went to wrong board.

I have been investing for more than thirty five years. Back then it wasn’t so easy as it is now.

I have never seen such shenanigans as witnessed here in the past few days.

One has to wonder why an investigation into this price manipulation has not been announced.

I don’t know too much about oil well drilling, but have been present when a well was drilled on my property into a deep artesian basin. Have filled my pool and watered the land for free for about as long as purchasing shares.

I do know that a chocked well giving 1,350 boepd is a reason to celebrate.

Over on BCE, they also attempted a second drill, albeit a sidetrack, hit mud issues, did not properly clean up the well before pumping, and the result was 4O boepd. They are also not sure if they have connected with the main reservoir. They are now in suspension, and I suspect trying to acidify. It is suggested thar 100 boepd will give them breakeven.

Meanwhile, we have 1,350 with the prospect of much more, and the share price is again going down. Unbelievable!

Not only do we already have 1,359 boepd but the GOR is around 180, very, very commercial.

I have a reasonably large holding, and wish I had spare cash to top up.

In my opinion a definite buy at these levels.

Wait until they announce a farm in and this will rocket.

Now that the monetary situation is clarifying, the milestones that you refer to, I still regret the lack of information regarding the mining plan based on this new financial lifeline.

A brief indication of new machinery to be acquired, improvements in ore processing to be undertaken, and some indication of potential returns to be aimed at would be appreciated.

I do not believe that this necessarily requires an RNS. A few XX’s blown toward us frustrated investors with nowhere to go, would be mightily appreciated.

It was interesting to see the situation with the current ZPHR drill and the BCE situation.

While initial results there with a choked well resulted in 1,350 bpd the share price tanked.

They are now preparing to ‘acidify’ the well to clear mud blockage.

I would assume that BCE will be attempting something similar.

ZPHR took over two weeks to clean up the well before testing. Unfortunately, BCE jumped straight in with their pumping operation without proper cleaning and preparation.

I would hope that the board here will be taking note of the ZPHR approach and are attempting a more thorough clean before trying again.

No comparison.

BCE went straight in with an electric pump without spending time on proper well clean-up and preperation.

BCE had around forty BPD compared with around 1650 BPD here.

BCE have an incompetent BOD whilst Zephyr are experienced and cautious.

I hold both.

It would be helpful if the BOD were a little more informative about the state of affairs.

Many of us have money tied up in this share, purchased in good faith and believing in the company and the statements initially made.

When this was first launched on the market, it was all smiling faces and news, news, news.

Now, nothing except the very rare update.

There must be lots of information that could be shared to help boost our confidence and understanding.

Now it’s nowt, nowt, nowt.

Looks like it is taking your advice!

The price was officially down 1.25% so there must have been more sells than buys.

Wish I could join you but in to the hilt.

More rats leaving and swimming yesterday despite the encouraging signs.

How the market and investing trends have changed in recent years.

In a fairy story, ‘once upon a time’ every punter and serious investor would have been clamouring to get on board.

No signs of damage to the hull this time round, not sinking, but still they are leaping off and not on board.

Farage??? I assume you are joking.

Thankfully he and his cronies have no influence on the direction of future UK politics.

I have never held your posts in much esteem, now they are zero rated.

He has ruined the lives of millions of ex-pats in Europe, and it doesn’t seem from here in Mojacar, Spain that he did the Brits in the UK any favours either.

I think I need to give up investing. We have a successful well, just waiting to hear how successful. And there are two 19k+ sells and a 29 pence buy.

WTF???

For Kippetfooted

Strange how your shares are up so much. Zphr shares are around 11% up on the price two years ago. You must have magic shares.

Agree. The news regarding condensate with the gas is sooo important.

your apology is accepted.

no nerves hit, just distaste for gutter talk.

i visit this site for useful information, not for bull****.

Rats leaving. Long swim while Zphr steams on.

Just conjecture:

I am invested in Zephyr Energy. They also have re-drilled a well after a failure due to high pressure of oil, gas and water. Fortunately, the re- drill was covered by insurance.

They are waiting for testing and results now.

One important factor has been the well clean-up, which has taken several weeks. This has been highlighted as an ESSENTIAL prior to any testing. All sorts of things, gloves, wrenches etc. apart from drilling residue need to be cleaned up in the well PRIOR to any pumping or testing.

Beacon seem to have jumped straight in with their electric pump. Did they allow sufficient time to clean up?

Again, from what I am reading, a well can be ruined without this important phase being completed.