Member Info for JamesOxford

@AxelBobbyrod Good post.

In terms of your comment as to whether or not good margins are being made at the moment in terms of contracts etc. Of course there can almost always be project and cost overruns, which need to be priced in to almost all contracts, more so in the oil and gas, and contruction industries.

At the moment I would say that the contract margins in the oil and gas industry are healthy overall. The reason I mention this is that over the past week I have been in discussions with one of my corporate clients who provides services to certain companies that operate in the middle east and at the moment activity is strong there. In fact, he used one of my favourite phrases: 'It is almost a license to print money'.

As I mentioned in one of my posts earlier today, the next 12 months looks very bright indeed for Wood, whether it remains independent or is bought by Sidara or another bidder.

Lets see what happens as per Wood's RNS by 5pm on 15 May.

@Carrot13 'If I was you I’d get a good nights sleep tonight, it might be the last one you get for a while'

Who are you threatening with a statement like that?! Please explain.

@Bob @axelbobbyrod I agree that Wood ought to give serious consideration to Wood's pension surplus being re-invested as capital to top up and stabilise liquidity. This makes far more sense than Wood selling off valuable assets under quickly (i.e. under pressure), which can result in 'fire-sale prices' to raise capital. In addition to oension surplus, Wood will have some non-core assets that can be sold over time to top up any liquidity requirements.

With Wood's growth prospects, the future is very bright. It will be down to Wood' institutional investors as to whether or not they want Wood to go it alone and wait for 12 months for improved returns, or they decide enough is enough and sell. Whether Wood continues alone, or is sold, Wood shareholders (whomever they are) will do very well in 12 months from now.

Just checked in here quickly.

After a quick glance can see that the usual suspects Dogger69 and his girlfiend AimMaster (non-investors/nosy neighbours) are spreading their 'fear and doubt' comments...they ought to get a room!

@Bob for your post of the internal update on management changes - always good to have these internal insights. For me the jury is out on whether remains 'minded to accept' Sidara's formal offer of 35p plus $450M capital injection, or reject it and move forward alone. The 'for and against' is roughly 50-50. The longer this suspension continues, they better Wood can re-position to go it alone. As Wood's new contracts continue to roll in, Wood's lenders will soon see enough to refinance once more on good commercial terms.

Wood is a major player in the middle east, which must be very appealing for Sidara and any other potential bidder. I have attached a link below as a reminder of Wood's presence in the middle east i.e. $920 million of contracts in 2024. No doubt these revenues have increased since the publication date of 18 December 2024.

Given Wood's clear growth prospects, it would not surprise me that Sidara's formal offer is revised higher i.e. more than 35p (plus $450M capital injection) to ensure they can buy Wood without undue shareholder discontent and to head off any other would-be bidders quickly. If not, then Wood shareholders can easily reject Sidara's offer anyway, so Sidara would need to revise their bid or walk away. If that happens another bidder would likely enter the race track...and have a clear run to the finish line.

https://www.woodplc.com/news/latest-press-releases/2024/middle-east-contract-wins-hit-920-million-in-2024

Next stop for Wood investors is 5pm 15 May to see if Sidara remains at the table with a further extention or not...(clearly Sidara would want to remain).

@darientaylor you obviously have very little to no experience of corporate finance. Zephyr is in no position whatsoever to apply for let alone obtain a revolving line of credit from a bank for USD$100M.

CH has taken the correct practical and commercial approach.

With the US-China relations on the mend, nice to see Prudential's share price on the up again.

Up from the low of £5.95 in January to £8.75 today. A nice little earner with more to come.

Garrone - if you are still invested here, you ought to be happy!

CH has been quietly lining all his ducks in a row...

CH has secured up to USD$100M to exploit resources without cost to Zephyr under a revenue share scheme with the investor. USD100M is not pocket change and demonstrates the clear and present potential of Zephyr.

In addition, Zephyr's full test results will be known soon enough. As indicated by CH earlier, top quartile expected.

Link to today's RNS below:

https://www.londonstockexchange.com/news-article/ZPHR/new-strategic-partnership-to-provide-up-to-us-100m/17032351

Just dropped in here - dogger69 still making stupid comments as ever...the difference now is that more people here are now ignoring him. In the end dogger69 will be all alone watching and talking to the tumbleweed that rolls end-over-end as it slowly drifts down the street. Lol

A quick shoutout to Rock8 - who keeps engaging with dogger69 the moron...the clue is in his name. Don't engage with him. When you engage with idiots like that it encourages them to stay around and it seriously dumbs down this discussion board. In fact I am losing brain cells even typing this basic fact.

While the Wood troll dogger69 stays and slugs it out with anyone stupid enough to engage with him, it is goodbye from me.

Best to wait until 15 May when we ought to receive a further RNS statement from Wood on Sidara's status.

To Wood investors GLA.

To Wood non-investors who continue to post mud and dirt here: Get a life.

For me, the key takeway on Zephyr's progree is as below (emphasis added):

The well achieved SUSTAINED rates between 700 and over 1,000 barrels per day at MINIMAL choke and PEAKED near 3,000 barrels per day, despite not being fracked. Harrington highlighted, “We weren’t seeing any pressure drawdown, so that’s a great, great sign.” He added that typical rates in comparable onshore US wells range from 500–750 barrels per day, making Zephyr’s results “definitely in the highest quartile.”

Full CH interview here:

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

It is not a question of 'if', but 'when' the Zephyr share price increases. Great profits to be had here.

GLA

Just checked in briefly, but won't stay due to a few non-investor idiots with long pockets and short ams, still spouting off mud and rubbish on this Wood discussion board...

@Bob Thanks for the Wood internal update - much appreciated. Good to see Wood is on the upswing especially in terms of new contracts won and still in the pipeline. The statements on cash-flow seems to indicate that a few of Wood's clients are late payers, so needs the Wood collection dept to step up past due payments. However, overall very positive and shows that as a business, Wood does not appear to have been hampered or adversely affected in commercial/market terms by it's own series of RNS releases. Wood's lenders will be reasurred by Wood's ability to sign decent contracts of late.

All of which makes me - and no doubt other Wood investors - question as to why Wood's BOD would be 'minded to accept' Sidara's offer with conditions of 35p and $450M cash for the sale of Wood. Perhaps this was Wood's BOD 'back-stop' or 'back-up' position to appease Wood's lenders while Wood sorts of the Deloitte review, accounts, and finances.

In the end, Wood may well rise from the ashes - especially if it continues to write new business at a decent rate, as this will provide Wood's lenders with confidence. If this comes to pass, Wood's BOD may indeed reject Sidara's 35p offer. As I mentioned a short while back, the offer does not take into account Wood's growth prospects in any way shape or form.

I would have thought that with Wood's news announcements of further contracts won - it would entice one or two other potential bidders to the table to take a closer look at Wood. The longer Wood stays in suspension, the more likely Wood pulls another rabbit out of the hat i.e. another potential bidder.

It ain't over till the fat lady sings...

Will check in again later probably before 15 May. Hopefully by then the non-invested sad-sacks have well and truely left this Wood discussion board.

To my fellow Wood investors, GLA!

Good RNS.

CH and the investment partner ought to be very pleased. Job well done - so far, so good.

The Zephyr share price dropped after the initial early rise today - probably due to day/traders. I took the opportunity to top up nicely today, so happy days.

I will add further when production starts...after all that is when the real money flows!

GLA

I think CH and BOD have done well of late. THe RNS releases have been delivered on time and one RNS flows easily to the next with no unpleasant surprises. To me it really does not matter if CH stated results by end of April (no doubt he was advised this would be the case by the team carrying out the tests) or not. The fact is that prior to the end of April, CH released an RNS with a further update on results. CH treats shareholders with respect and is transparent. There are a number of other PLC stocks on the London Stock Exchange that are slow and anything but transparent with news/updates and treat shareholders with contempt.

I am happy to remain invested in Zephyr for not only the test results next week (if positive I will add significantly), but the start of production...as that is where the real money is to be made.

@Chattingbull**** You have been a member since 29 April 2025 with 9 posts. Your name is almost as dumb as your posts. Jog on.

@Landowner Thanks for your ‘concern’ about Wood and its shareholders. Now that Wood is in suspension there is zero traction for you and your stupid commentary. Jog on.

@ValuePlayer1 Trying to ramp your stock on this Wood discussion board. You are a desperado plain and simple.

@Bob The clue is in the name: 'ChattingBull'...he just left the last part of his name out - stats with 's' ends in t''...and he is full of it. Lol

@StockWatching No RNS Monday - its a Bank Holiday.

@daibelts Very good post. Looks very promising for Zephyr's test results - most likely due to be published next week.

My summary (opinion) of where Wood is at now, and what the next couple of months may bring...

Wood stock is now in suspension until its audited accounts for 2024 are published.

Wood’s lenders have granted debt waivers until 30 June 2025. At which time, the Wood story would have evolved to provide Wood’s lenders with further insight and information. Wood may resolve it’s debt situation on or before 30 June 2025, and if not Wood’s lenders will provide a further extension.

Sidara is still at the table.

Wood are working with Sidara in order to agree and fulfil Sidara’s terms.

Meanwhile, Wood continues to write good quality business and increase sales revenues.

When Sidara have sight of the audited accounts expect a formal offer with minimum 35p and cash injection of $450M into Wood.

At that point Wood’s BOD will assess Sidara’s formal offer in its entirety. Then Wood’s BOD have a decision to make either recommend the offer to shareholders; or reject the offer. If accepted, the Sidara offer will go to shareholders for a vote. If rejected, Sidara will need to revise their offer, or walk away.

Sidara’s informal offer of 35p per share and $450M cash injection for Wood as it stands represents ‘fair value’.

However, it does not represent or price in the future GROWTH POTENTIAL of Wood. The Wood BOD and institutional investors will know this.

Therefore, if Wood can show that the published audited accounts are ‘acceptable’ (i.e. one-off write-downs of mainly goodwill) and not overly serious; combined with further contract wins etc. Then Wood ought to reject Sidara’s first offer of 35p per share.

In addition to the above, it would not surprise me that in a month’s time (while Wood is in suspension), or immediately following publication of audited accounts that a second potential buyer enters the ballpark eager to pick up Wood, which is clearly ‘For Sale’.

Lets’ see what the next Wood RNS (or two or three) shows.

It ain't over til the fat lady sings! Lol

GLA

GRafff with a mere 9 posts started this stupid thread.

Like I said a fool (GRaff) and his/her money will soon part ways.

Only idiots and fools would post their 'top tips' on the WOOD discussion board. Pathetic.