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My friend I agree. However as CH has been clear on H2 this year (as the three further wells are drilled) will drive the company forward whilst the non-op take care of all our funding requirements.
The reaction since the CPR showed to me how short term so many are (some of whom appeared on this board).
The three drills will be completed before Christmas which in my mind means new CPR by 1st March 2023 with the company bought out by 1st May.
Oh and of course if the price of oil remains hovering around $100 caped and debt will have gone within those 12 months. What’s not to like?!

All good my friend. Share price reaction this morning is temporary... class is permanent.

So there we have it... as previously discussed I'm more certain than ever that the 3 well drilling plan is all with a view of being bought out. I would suggest (or actually CH does) within a year.
The key couple of sentences for me in the RNS are...
'"Further, we are on track to unlock even greater value as we prepare for the fully funded Cane Creek three well drilling campaign in 2022. By drilling additional delineation and exploration wells, our goal is to significantly advance the understanding of this play, its key risks and its potential upside. Our hope is to fuel further increases across all reserve and resource classes by this time next year, and ultimately to unlock the next great unconventional resource play in the onshore U.S. Our potential for funded, organic growth is significant and we look forward to executing this strategy over the remainder of 2022.'
When more funds become available I will be adding.

Thebhoys I hope you enjoyed your week end.
So this is the week for the CPR...
I've heard from someone close to our Colgate friend that when asked how things were going the reply was simply 'Very well indeed!'
Well done my friend the journey is just getting going!

21st April RNS. ‘Early next week’…
Such a tease!

8th Dec RNS ‘60 days’
7th March RNS ‘a few weeks’
8th April RNS ‘coming days’
Somethings going on… and it’s not incompetence.

Still holding my friend!
I have no doubt the CPR will be worth the wait but it has been tortuous. However with the significant change in the price of oil (and the medium term outlook; my belief is that it will stay at this level or even higher for much longer) then the delay has made the CPR and therefore rhe prospects even better.
Personally I think Colin and the BOD of Directors saw a ‘first draft’ of the CPR at 60 days and told them to do it again! Hence why it’s been such over 120 days second time around.
Hoping for news in the morning…

Sorry 7 additional wells have come on line, another 16 to come.

Have a watch and see what you think of his stumble after Katie asked him about ‘near term’ news… When answering he says ‘very near term’, ‘in the coming days’ and then ‘certainly….’ Before fluffing and laughing it won’t be as long as people have already waited etc. I think he was about to say certainly before Easter. Anyway… maybe I’m just overly hopeful!

Colin’s back…
The smile has returned…
Katie’s got the questions…
$6million dollars related to Jan (gas), Feb (oil) and a little bit of Q4…
1643boepd with another 7 wells coming online in the coming months…
CPR so close! Hold on team this train is SO close to leaving the station.

Very pleased with today's update. A teaser surely before good news before the Easter week-end? My gut tells me it could come quite soon next week...
Still have not sold a single Zephyr share... but boy has dear Colin tested our patience with the past few months. I think that is all to do with with what the CPR will reveal. Overlying layers don't forget... (as this morning's broker's note reminds us).
Thebhoys go well my friend... its coming home!

dsrt2012 still confident its today?!

thebhoys I was ever so keen for you to be right! Alas not this time...
Holding strong still as whatever is brewing I am certain will make us all smile with a smile that Colin would be proud of.
Whenever my morale is tempted to drop (which it has since 60 days for CPR has almost doubled and a 'few weeks/coming weeks' has become 4 weeks and counting) I do reconcile myself to how far Zephyr has come since Dec 2020 and how it has so methodically set things up for success. Reading about a certain O&G company which revealed a duster very recently they had no 3D seismic and had fallen at the wire line log stage. Where are we? We have the '16-2' a proof of concept well which shows to all and sundry (but maybe just Whiting will be enough?) how hydraulic fracking across the whole WSU can unleash one of the largest deliverable Oil plays in the paradox basin. Don't forget friends those overlying layers and how BIG the resource is that Zephyr is showing is recoverable.... and how can we forget how the oil market has changed so vastly in even just the last three months? Oh and we are sitting comfortably 20% above the level we recently raised considerable cash at for all our juicy currently delivering non-op assets.
I will swing past the UK office at some point today and check that our dear CFO is hard at work... I have no doubt he is. If the lights are on after 5pm I'll let you know! Well done to all LTH... we are nearly there.

Thanks MEM. I too am increasingly excited yet feel that with all that has gone on with the non-Op assets (and the financing for them) folk have become distracted and taken their eyes of the prize.
So I enjoyed re-watching this... where ecstatic Colin outlines just how transformational the production testing results were from his proof of concept well. If you've got 8mins 36secs to spare then its well worth your time. Enjoy!

https://www.proactiveinvestors.co.uk/companies/news/968730/zephyr-energy-ecstatic-about-production-test-success-in-paradox-basin-968730.html

Yes excellent news. I think though more is to come in regards to the future of the company. They needed to get Satago over the line and with that the way for them is clear…..

Good evening to the faithful (even those enjoying their new home in warmer climates!)
Whilst a further delay to the CPR is a touch frustrating (and the treading water of the share price in this price of oil environment) I, like others, am feeling there is more going on here than first meets the eye. From expecting the CPR to be within 60 days (from 8th Dec RNS), then the end of Feb and now realistically the end of March there must be a reason that Colin (who hit every date deadline or bettered it in 2021) is having to push it back. Remember too Colin and other members of the BOD could not take part in the recent financing due to being aware of some elements of the CPR that were market sensitive. That suggests to me the CPR was far enough along over a month ago now to have had significant bits of information but still not released. Hmm… I wonder why?!
Three further bits of info that I am chewing over…
16-2 was consistently referenced throughout 2021 as a ‘proof of concept’ well which after its successful completion ‘demonstrated the potential to drain a larger hydrocarbon resource with stronger economics than initially forecast.’ (RNS 8th Dec).
The packaging of the WSU together (with corresponding 3D seismic for its vast majority) as one sellable unit is sizeable and therefore very significant. Getting that Federal License (and all the work that went into getting it) as announced on the 29th October was for a reason. ie to enable an ‘optimal long term development plan.’ Too big for us to do that on our own…. but not for one of the Big Boys (ie Whiting?)
In todays RNS apart from the teasingly lovely final sentence it’s the third paragraph that intrigues me…. Why reference the ‘significant increase in activity in the North American oil and gas sector’ and why say you will publish the CPR as soon as you receive it and then in the very next sentence declare ‘A further announcement will be made once the CPR is available.?’ To my mind they are telling us something v significant… yes you are going to get the CPR (and we already know from the 8th December that it’s going to ‘far exceed our expectations… that can generate significant shareholder returns’ but also about the ‘potential full field development of the Paradox project’)
I’ve been in Zephyr now for 14/15 months and I’ve never been more excited at the prospect of getting a serious return on my investment.
Right asset, with the right board at absolutely the right time.

Accountant I can’t find that comment online from Anders. Are you able to share a link to it?
Next couple of weeks I’ve heard and all will be revealed. Not long now.

Good evening my friend. Welcome back.
Sadly I have not been able to add. I’ve looked on with envy as others have no doubt taken this huge opportunity of being at 5p again… post raise (which I had not expected or planned for but am satisfied CH did the best he could, but I sympathise with those who are now underwater) and pre CPR (which I believe will be the real catalyst to get us moving again).
I’m not a trader and happy to remain invested (approx 1/3rd of my portfolio) until the end game of being bought out takes place. CH referencing the Whiting purchase that took place on the morning of his LSE presentation was a huge hint. We just need to give Zephyr the time to prove up the asset and show its recoverable in quantities that are significant.
Each to their own but with the current O&G pricing environment, the board, the non op assets, funding in place and of course the Paradox I couldn’t be happier. Keep in touch.

Lots to digest from today's, but like other LTH, I remain extremely positive.
We always knew that some sort of financing would be required in order to develop the Cane Creek and now we have it. I particularly liked in the Proactive interview that CH stressed that with the acquisition now complete (with extra shares issued etc) each share within the company is 2.5x more cash generative than it was (but lets wait for the CPR to see how the numbers really are... with such a strong Oil price and far greater proven reserves).
What CH and the BOD have put in place and announced today gets this Company to a place (having drilled three further wells in H2 2022... but notice each offering something slightly in different in their locations) that will prove up the asset even further to the extent that I would expect Zephyr to be sold in 2023.
I remain in for the long haul and I'm excited at what lies ahead. Particularly as CH is going to give it the big licks with Insitution and Private Investors both side of the pond. Happy with the blue tie too. Keep smiling Team Zephyr... Colin certainly is.

Likewise. It’s definitely been an odd/ challenging week on the share price. Something is brewing (with fun & games to boot by MMs) but with the CPR due within 2 weeks and expected news prior to that on the funding of the ‘acquisition’ now we reach the sharp end of our investment. This is the reason I’ve invested in Zephyr rather than BP, I take the ‘risk’ (or not as in this case) for the sake of the rewards. Have a great weekend one and all. But especially King Colin and his Colgate smile!! My bet is on the yellow tie making an appearance next week....

Absolutely my friend! And if you can... buy more.
With the price of oil, the 16-2 proven asset, all the non-op assets the CPR from Sproule will be glorious.

I'm sorry I meant to say the 16-2... the 26-2 is something of my dreams!