Member Info for mcadder

Massive massive difference to Sou and Zphr.

One way or another this ain't no duster they know what's down there and Zephyr have hold of the best available 3D to back it up. That's precisely why the non dilutive funding was made available for the well to be drilled in a location the company and the institute are happy with!

Decent and balanced post over on advfn today....

"Not quite a EURasia story [still to play out but nearing the end of one of the biggest muli-bags in AIM history] but has the potential for those in now. I, regrettably, amongst many others, have lost a fortune here but might be tempted to average down now as this has the hallmarks of multi-bagging (from this point) and all reference to the past company or names (Rose/Vane)are, in my opinion now irrelevant as this management team have far greater clarity, vision and experience than the past management.
It's not a name change alone and I think today's presentation does give further food for thought to see this as a "new" opportunity.
Government, university funding/backing, directors with own money invested. Worst scenario is this doesn't get past the opening line but with all the seismic and much groundwork already completed/paid for I think it is well worth a punt if only to double and move on.
We shall see."

I see mrcautious well in that case you'd better write to or email the US dept of energy and the world class Utah’s Energy & Geoscience Institute and tell them they're making a huge mistake! lol
But for me I know which fact based opinions I'll be taking notice of. And yes I am very positive but I have even more reason to be after todays update! Maybe you should just accept that finally this is going to happen.

With its $1 million commitment funded , ZPHR has unlocked $2 million in grant funding to drill the State 16-2 well.
• The data from that well, combined with the output of the $3 million 2017 3D seismic shoot, will allow ZPHR to begin to unlock value
from both the well-understood Cane Creek reservoir AND 5 other reservoirs that show potential on the seismic.
• Based on an independent CPR from Gaffney Cline in 2018, the 2C PV-10 of the Cane Creek reservoir alone is approximately $50
million at a $45 oil price
• The other 5 reservoirs, if proven viable, would provide further upside.
• The State 16-2 vertical well program is fully funded and is estimated to commence in late 2020.
For a $1 million commitment to the State 16-2 well, ZPHR Shareholders get the benefit of: $2 million in non-dilutive grant funding, $3 million historical investment in 3D seismic,
and the potential to halve the cost and significantly de-risk a future horizontal well.
ZPHR’s goal is to narrow the valuation gap between current market cap and ultimate potential value of the Paradox.

https://www.zephyrplc.com/presentation-nov-20

The Paradox Evaporite Basin contains multiple proven plays
• The petroleum system is underpinned by the world class source
rocks found within the Paradox Formation
• Stacked organic rich shales and dolomitised sandstones
interbedded between impermeable salt layers
• Up to 9 potentially productive zones within the Paradox Formation

Great stuff....

"A screaming buy at this price."

Certainly is. Oil recovered since recent drop WTI back over $40 too. This is going to catch a few out when the newsflow gets underway and this is trading at several pence a share.

Freebuffet I can't see Sonofscb as they're filtered but is that what they are suggesting? Lol

I'd just ignore like I do. They are clearly disgruntled from past SP performance and don't wish to see the company now succeed imo

All the ducks lining up together nicely here. A great recent appointment which will bear fruit very soon. Oil back up 2.5% following the US election too.....

Zephyr had bolstered its operations team by appointing Bruce Houtchens, described as a ‘highly experienced’ Drilling Manager, to assist the Company on the State 16-2 project.

Bruce Houtchens –

?Mr. Houtchens is a 40 year veteran of the oil and gas industry, during his career Mr. Houtchens has managed upstream, midstream and oilfield services operations across every major basin in the continental United states and select areas overseas. Mr. Houtchens has made a point of utilizing the latest drilling technologies throughout his career, including casing drilling, underbalanced drilling, high pressure drilling, horizontal drilling, air/mist drilling and managed pressure drilling. Mr. Houtchens formerly held the position of Manager of Drilling and Completions for Fidelity Exploration and Production Company. Mr. Houtchens holds a B.S. in Engineering Science from Colorado State University.

For anyone who is doubting just how much commitment and actual skin in the game there is with the director's......

Director Deals - Zephyr Energy PLC (ZPHR)
Writer, Stock Market Wire
Wednesday, November 4, 2020 - 06:17

Harrington, Chief Executive Officer, received via a placing 66,000,000 shares in the company on the 3rd November 2020 at a price of £0.01. The Director now holds 134,636,364 shares.

Director deals data provided by www.sharesmagazine.co.uk

So in latest placing took up another 360k worth of shares at 0.55p....very reassuring imo

Positive outcome on tender bids for rig contracts and commencement of drilling imminent imo

Next update imminent from my reckoning with well due to be spudded by end Nov......

"the Company is preparing to spud the 'dual-use' State 16-2 well before the end of the year."

"Project contracts currently out for bid include the solicitation of major items such as the rig contract. The newly bolstered Zephyr project team has expedited this process in order to award contracts in a timely manner to continue to ensure drilling activities before the end of the year."

https://youtu.be/NgKzFFv0DkY

https://youtu.be/nzwPm6UwUOs

https://youtu.be/ntmLR-1autM

News any day now...

https://netl.doe.gov/sites/default/files/netl-file/20VPRONG_15_McPherson.pdf

Improving Production in the Emerging Paradox Oil Play
DE-FE0031775
Brian McPherson
Energy & Geoscience Institute
University of Utah
U.S. Department of Energy
National Energy Technology Laboratory
Oil & Natural Gas
2020 Integrated Review Webinar

PROGRESS AND CURRENT STATUS
? State 16-2 Strat Well Description
• Well owned and operated by Zephyr Energy
• Bottom Hole TVD: 9850’ (Cane Creek)
• 35 days of drilling
• Current cost estimated close to $3M,
including - 60-100 ft of core
- logs (Triple combo (TCOM),
lithoscanner/ECS, dipole sonic and UBI)
- ultimate costs expected to be
significantly less as negotiations with
vendors continue.
• Well to be temporarily abandoned with
possible re-entry and drilling of lateral in
project budget period 3 or 4 with Field Lab
testing of proposed methods, stimulation
and monitoring activities.

PROGRESS AND CURRENT STATUS
Significant accomplishments and how they tie to
the technology challenges
• Assembled limited wellbore data on fractures, mostly from core data
• Most legacy seismic data (from recent years) assembled and are being tied
to log due as much as possible
• Collected all available legacy image logs and are identifying fractures within
the Cane Creek and surrounding units
• Collected and archived suite of available legacy logs in the basin; log-
modeling (interpretation) under way
• Developed engineering drill design and assembled all permits for drilling:
spud date to be late November, 2020

PROGRESS AND CURRENT STATUS
Project is approximately one year behind anticipated progress due to significant drop in price of oil and COVID-19. However, the delay gave the project time to identify another willing industry partner.

FUTURE TESTING, DEVELOPMENT AND COMMERCIALISATION
Additional characterization and
development of the larger Paradox Basin
Play
¦ ML models will be used to “unify” basin
models. For example, if we develop a ML-
based N. Paradox Basin (electro)facies
model, will assist application to adjacent
areas within the Paradox or other similar
unconventional resources.
? Hypothetical horizontal well scale-up plan for
area covered with 3D seismic
? Opportunity for 80+ horizontal wells in one small area, with countless opportunity beyond 3D area.

Overall Objective: determine / test best strategy to drill emerging unconventional northern Paradox Basin
Play – maximize production, minimize impact.

Zephyr Energy expecting exciting developments over the coming months
2020-09-17
“Zephyr is a clean, low-overhead, unlevered and value-focused vehicle from which to build," said chief executive Colin Harrington

"Over the coming months, we expect to see further exciting developments on our existing project in the Paradox Basin, Utah as well as the expansion of the group's asset portfolio through acquisitions or partnerships.”

Shouldn't be long now.....

Fri, 6th Nov 2020 07:00

RNS Number : 4484E
Zephyr Energy PLC
06 November 2020

TR-1: Standard form for notification of major holdings

Zephyr Energy

3. Details of person subject to the notification obligationiv

Name

SPREADEX LTD

City and country of registered office (if applicable)

St Albans, UK

5. Date on which the threshold was crossed or reached

03/11/2020

6. Date on which issuer notified (DD/MM/YYYY):

05/11/2020

Resulting situation on the date on which threshold was crossed or reached

9.62%

Haha and all for just 99.99 SuperR!

Should get a positive update in next few days in the build up to the horizontal well being drilled later this month.

In the meantime oil has made a sharp recovery from the lows of $34 WTI to around $38 since yesterday. The key to whether this recovery will continue will be partly dependent on today's US election result.

Xmas target SP - 1.5p

SuperR - is SouthCBubble on advfn Sonofscb??!!

Haha what a tool. I take it they are still trolling this bb only I can't see them as they are filtered lol

Despite the short term Covid disruption on the demand for oil, expect demand for oil to remain strong for the next few decades to come....

7 Important Uses For Crude Oil And Why It Matters

When we think of oil, we tend to think of fuel for our cars, trucks, and planes, and heating oil. However, there are a myriad of uses for crude oil that affects our lives – which means that reducing our dependence on oil may not be as easy as buying a hybrid car.

According to the Energy Information Administration, here is the breakdown of U.S. Petroleum Consumption:

Gasoline (Used to fuel cars) – 44%
Heating Oil (Used to heat buildings), and Diesel Fuel – 19%
Other Products – 15%
Jet Fuel – 8%
Propane – 6%
Residual Fuel Oil (powering factories, fueling large ships, and making electricity) – 5%
Asphalt 3%
As you can see, there are a lot of important uses for crude oil besides just fueling your car.

Without the use of crude oil, we'd be without many products that make our lives more convenient. Crude oil shapes the final design of our favorite items, aside from only powering your car, and contributes to the production of plastic, clothing and food too.

SuperR and Max - we are definitely in for a good Christmas here, potential upside from this point is truly staggering. I found Malcys comments on Zephyr energy from the other day. This is what he had to say.....

Zephyr Energy
"I recently wrote about Zephyr and its progress with regards to drilling a well in the Paradox Basin, today they announced how they would fund their corner. A placing to raise £2.25m in London which was well oversubscribed at 0.55p and included new and institutional investors as well as retail participants.
The funding fully finances the company’s maximum obligations for the State 16-2 dual use well in the Paradox Basin which is expected to spud before the end of the year. As previously announced Zephyr will be free to use the well bore for further drilling operations afterwards."

"It is worth noting that Origin Creek Energy has invested significantly again in this raise as has Jon Fitzpatrick and this looks to be another ace in his investment pack as I feel that there will likely be significant upside now that all the company’s ducks are in a row. I strongly believe that this management is first class, has skin in the game and so far has delivered the probability of the Paradox Basin being opened up, so far so good for ex Rose investors and those new investors on the block."

Haha that made me chuckle.

I was invested here when the shares in issue were around 8Bn which I thought was a lot then but 14.5Bn by 9th Nov? Wow that is impressive even by AP's standards. Not sure but I think it even Trumps (no pun intended) UKOG's colossal pieces of confetti.

Malcolm Graham Wood recently described Colin Harrington in one his chats the other week with Doc Holiday as an incredibly smart experienced and very sharp guy. He himself has also been extremely impressed with the very strong recent board appointments and the huge shareholding that both Rick and Colin have of 19.34% of the company even after the latest placing.
I added more this week. No brainer.
The good thing about the current oil price volatility is that if it stays around this level for the short to medium term it will play into their hands when it comes to picking up potential acquisitions on the cheap in the Rocky mountain/D-J basin/Wyoming areas. In the meantime they are looking to be producing from this 16-2 well in next 12 months. Current b/e should be well below $30 a barrel so even at current prices it's still very economic but in next 12 months I can see a return in oil prices back to $45-$50 which is something many analysts are predicting.
So Zephyr are one of the few well positioned companies following it's complete recent restructuring that could do very well indeed in the current volatility.
Expecting fireworks soon with this one. Here's the recent interviews again over last week. Well worth a watch.....
https://youtu.be/NgKzFFv0DkY

https://youtu.be/nzwPm6UwUOs

https://youtu.be/ntmLR-1autM