Member Info for Kennymac2610

Pikestaff, Thanks for your quick response. The main questions relate to the timelines for the three activities I have mentioned. Also I would have asked why the Board believes the SP languishes around the 3p mark, when all this good news is around the corner. Is it a case of needing it to be better marketed to the Investment community through Corporate Presentations or would it benefit if the shares were consolidated on a say 50:1 basis to move them out of Penny Share territory. A number of Investment Funds and Pension Funds cannot invest in Penny Shares, therefore they are excluded from becoming shareholders.

Thanks

I was hoping to have attended the forthcoming AGM to get a better idea of timelines to production, Farm-out and gas marketing negotiations etc. However, sadly I cannot make the 29th July.

It would good if some of the Posters on this board could make it and share the responses.

I have held a considerable number of shares for many years and when I got involved at .86p the communications with the company were excellent when CH would have a Q&A session with the “little” shareholders like us around twice a year.

These days are long gone, but the AGM can present an opportunity to put questions to the Board.

So if one or two of us could make it, that would be brilliant.

A very good post outlining how you believe the process works from here on in. In my mind, it was a very positive RNS as one of the major milestones to achieving first gas was achieved. It is a little bit like playing that game where you enter one room and solve the puzzles to unlock the door to the next room. You have no idea how many rooms are left before you reach the exit and are released, nor how long it will take you to achieve the goal.

What is missing from all the RNS’s regarding the Paradox is a list of what has still to be done to reach the stage where the gas is sold, with a rough idea of the timelines. For that reason the share rarely moves forward following an RNS, and if anything it goes backwards.

The communications were so much better in the early days when the price was around 1p, and it advanced to 8p. Proves that good communication with timelines work. Is it another three months, six months, one year, two years before the stages to get gas to market, farm in, funding etc are achieved.

I don’t know if CH reads any of the comments, but his advisers should and they should know how to build up excitement in the share ie set out the milestones and targeted dates to achieve them…….becomes more real then.

papa, you blow hot and cold mate. you are either all in or all out! they did not cost you $700k pal, as you did not own 100% of the company. **** happens. if you want an easier life get out. if you want long term rewards stay in.

for the rest of us make up your mind once and for all whether you believe zephyr is onto a winner or it sucks. if the latter just get out!!

Ebbs and Flows, that is a great timeline of the major events re the Paradox project. Whilst the company has done well with the non operated assets, and deserve to be commended on the cash flows it has produced, this timeline in a nutshell explains all the angst and disappointment of shareholders, who as you mention have been extremely patient.

I personally thought that the interview with Malcy was ok with Colin answering honestly what he COULD answer. It is clear that the company is at the behest of Enbridge for the connectivity of pipes for getting the gas to market. It will be as frustrating for CH as us shareholders, as this important final piece of the jigsaw that is Zephyr, is outwith his control.

I had submitted questions to Malcy which in fairness he did ask concerning the timelines, the reason for the delays, expectation when the first oil and gas will find its way to market, the Salt Marsh and Helium projects etc. He could not answer the timelines because he doesnt know, no point in saying otherwise.

Big over reaction to the sp. Personally I hope it stays low at 3 or under until 6th April, when I can top up my ISA, in the knowledge that whilst it has been a hellish long wait to get to this point, the only thing I am certain of, is that every day that passes brings me closer to realising substantial gains.

Wish it had happened already as a number of great investment opportunities have been missed, and the opportunity cost of me holding for the last 6/7 years has been massive!! But we are where we are.

I agree with you James. The only two things that will give zephyr a meaningful push to its SP is news of a sale/partial sale/JV with a company who can commit funds to the project or when the first Gas/Oil is sold.

Having said that, a 22% rise on no news and considering only £106k of shares bought (equating to 0.16% of market cap), is welcome though, though in the real world with no new info passed on through RNS, doesn’t make sense.

The Malcy interview never has any teeth ( other than CH’s pearly whites) and he never challenges what has happened and the rose tinted glasses are worn.

Anyhow this rise has returned my holding to blue so shouldn’t complain. Likely it will go in the red again as all the small day traders sell out, by close of play.

I feel your pain Papaduke. I have been invested here since my initial investment at 0.89p. These were good days as the shares flew up to around 8p.

I can only draw parallels with another share Greatland Gold whom I was also invested in and got out near their high four years ago. From memory they went to 32p and since then they worked their way down to 4/5p. However, their turning point in August last year was when instead of just having huge resources of gold, they started mining and selling the gold and quickly rose by 150%. I was fortunate to have got in to benefit from that.They also did a share consolidation to get rid of their penny share status, which helps, as lots of investment funds are not allowed to buy into

Penny shares. Stupid rule but that is the way it is. I have in the past suggested to CH that we should do the same and get off AIM, which also is a barrier for some investment funds.

So I still hang in here in the hope that the day that the first gas from Paradox is delivered to market that the shares will similarly fly.

I remain baffled as to why in the last couple of years that the gas piping required was not completed. I foolishly thought from earlier RNS’s in 2023 that it had been.

So I hope this turns out like Greatland Gold and not another share that duped loads of PI’s called Bens Creek, which left us without a paddle, or even a penny!!

Was today’s RNS enough for JO to hang around, or was it just another “just trust us” type of RNS with no timelines for deliverables, that will shift the share price?

Northern

I tend to agree with you, having lived through this investment for a number of years now, that the only thing, other than a buy out, that is going to move the SP, is money coming in from Paradox production. Well that is not going to happen anytime soon.

On the subject of buy out, any investor could take this out at less than 5p, so long as management were involved in an MBO scenario. Nobody could cry foul if they acquired at a 20 or 30 per cent premium. I personally hope that will not be the case, but I don’t have a good feeling about the whole data room scenario.

It has been a ride similar to Greatland Gold (Resources) who only now, following their physical production and sale of gold, has seen their share price rise 70%in the last few months, but no where near their peak of 3/4 years ago. I think it may be the same here, and reaching the 8p of a few years ago, could be a very long way off.

The brokers send out the notes regarding their targets etc but they do not actively market the stock and neither do they explain how that target can be reached, so I for one, have no faith in them. I hope that I am very wrong with the above and that we will all be rewarded in full for our patience.

Papa, I know you mean well, as you and I have been long term holders from probably less than 1p to 8p and back to 2p. However, it is the most frustrating and largest shareholding I have. It is clear that until they actually start selling the oil that they CAN produce from the Paradox that the share price is not going to materially increase. So sooner that happens the better.

I also believe that if they really want to improve the return for shareholders they have to move off AIM and also do a capital restructure of circa 50:1 to get the share price above £1. The reason I say that, is a lot of investment houses/pension funds are not allowed to invest on AIM or in Penny Shares. That would open up the potential of owning a slug of what can be one of the biggest onshore Oil developments in the USA to a number of investment houses. One would hope that their brokers would be advising them to do so.

Meanwhile, we hang in there as we have forgotten the first rule of investing ie do not get attached to any stock!!

Value Player, could you share with us the calculation you used to arrive at the conclusion that Valuation looks rich.

Fantastic interview giving us all the info we require on what the test results mean and future plans to attract partners and the monetisation of the well. He is a class act, and always has been. It is no time to divest. I have been on a “grand old Duke of York” ride since I initially invested at .82pence. I have been and always will be a believer in CH and his team.

I hope the old group of investors like The Bhoys and the Chairman KP are still around! It has been a journey and a half and good to see Island Girl still involved.

Well, this is the first time that I have not been upset by a fall in the share price as it has given a great opportunity to top up using the new fiscal year ISA allowance of £20k. Roll on April 30 so that we get the result of the production and hopefully receive news about the acid wash beforehand.

It feels like I have gone back to 2021 when we saw a smiling Colin, feeling confident, in front of Katie, which made me invest more than I probably should have done. The good news is that I do believe that my faith in him and the company he leads, will be rewarded, though I have questioned that along the way.

It looks as if we are going to have a good finish today. Looking forward to the presentation tomorrow and hope that the SP has not got to 3p today to create a floor for a capital raise announcement. I have a feeling in my water that there may indeed be a raise, but I hope against hope that I am wrong as the raise in Jan 2022 was when it all started to go pear shape.

I thought it might be useful to collate all our questions submitted to TP under one subject, so that we can ensure that we have covered all the bases.

So I will kick it off with mine.

Considering the challenges faced with the original drilling of 36-2 how confident are you that history will not repeat itself? Also assuming that you have another winter in Utah similar to 2022/23 when can you realistically see the new well coming into testing and production?. The concern of course is that it could be deep into Q2 next year and whether you will have sufficient revenues available from the non operated assets to meet the exploratory costs and normal business overheads and or whether you will have to raise additional capital. A big concern as we have not yet recovered from the last capital raise!!

Kaeren

I agree with you. This will need very limited marketing. I am one of these people who will avail myself of the test asap. Following an investigation for another type of cancer, the PET scan showed up an anomaly on my prostate. My PSA result is 1.1 which is very low, but has a less than 50% accuracy and I do not have the usual waterworks symptoms associated with prostate cancer. The surgeon agreed that it makes no sense at the moment to go through an invasive biopsy procedure which can have some severe after effects. However, it left a question mark as to have I got it or haven’t I. Now with a test available that is 94% accurate, it is a no brainier for me to have it. It is cheaper for my medical insurance company to agree to it than me having a biopsy, so a no brainier for them as well. This test will be requested by everyone with suspected prostate cancer, rather than having to go through a biopsy, in the first instance. It will be the first action even before an MRI scan.

It is already monetised with the medical insurance reimbursement codes and will be marketed within the various medical journals by the end of the month. The patients like it and it will save money for the insurers and it will save lives. What is not to like?

Penstock

Thanks for your post. Another fact to bear on mind is that at 31 March 2023 they had a retained deficit in excess of £30m, and you can only pay dividends out of retained earnings. Clearly the higher production and more favourable price receiver per ton of coal produced will eat into the deficit, but unlikely to eliminate it this year. Also they had under £500 k in cash in March, so they need to build that up too, and most likely pay off the debt before making dividend payments.

So I think dividends are at least another twelve or more months away.

Great photo on Zephyr’s Twitter account showing how the piping has been twisted and destroyed, and therefore goes some way to understanding why this is such a long drawn out recovery process. Hope the following link works.

https://x.com/zephyrenergyplc/status/1697489463671246968?s=43&t=mOaOUdG201B1W5T0HU4sXA

Setanta, I totally agree with what you say. I have waited patiently through the 18 months, and totally regret that I did not follow the Bhoys in selling down in January, an act he got lampooned for on the BB, but must be laughing his face off now!!
Regrettably, I feel that CH is a “Good News” only CEO, as there has not been a presentation for some time. To the non oilers, today’s RNS leaves many questions to be answered and I believe that the company should give it’s shareholders the opportunity to fully understand the likely consequences of this blow out. I will write to him in due course, but it would be better, if he updated us on the current state of affairs regarding all the assets, and was willing to answer questions, including those related to the pipeline.