Member Info for mcadder

This is why I'm invested here. Timing is everything but despite volatility in the oil markets thanks to Covid-19, we could be on the cusp of a decent re-rate in the mcap of the company thanks to the new bod and in particular Colin.....

"As we recently announced, I am delighted by the current progress on the Paradox project and excited at the prospect of spudding a research focused well before the end of this calendar year. We are working with our partners on the project to ensure that this initial well can be planned to maximise value to all stakeholders, and I believe this activity will act as a catalyst for the long-awaited unlocking of value from the project." .....

"The Board believes that strong financial returns can be generated from the highly fragmented smaller end of the U.S.A. oil exploration and production sector, and we have restructured the Group so that it can be a stable public growth vehicle targeting this part of the market." .....

"The spudding of this test well will provide multiple benefits to the Group. Not only will the Group be able to utilise valuable data acquired from the test well, but the Board believes that data gained from the well would be highly beneficial to the Group's continuing farm-in and institutional funding discussions regarding its Paradox acreage." .....

Income Statement
"The Group reports a net profit after tax from continuing operations of US$0.9 million or a profit of 0.32 US cents per share for the six months ended 30 June 2020 (30 June 2019: net loss after tax from continuing operations of US$0.8 million or a loss of 0.56 US cents per share)." .....

"following the completion of its restructuring,
Zephyr is a clean, low-overhead, unlevered and value-focused vehicle from which to build and with a strategy and value set designed to deliver responsible growth for all stakeholders.
Over the next period we expect to see further exciting developments on our existing project in the Paradox Basin as well as the expansion of the Group's asset portfolio through acquisitions or partnerships."

I think someone else agrees with you there SuperR as there was a decent 25K buy at 0.70 in last 20 mins

Using a geology-based assessment methodology, the U.S. Geological Survey estimated means of 560 million barrels of undiscovered oil, 12,701 billion cubic feet of undiscovered natural gas, and 490 million barrels of undiscovered natural gas liquids in the Paradox Basin of Utah, Colorado, New Mexico, and Arizona.

Say no more....

Couldn't agree more. Looking to buy more tomorrow just hope an RNS doesn't land before that lol. Lots of news to come imminently as per the podcasts last week.

Donald Leggatt
@DonaldLeggatt
Oct 20
.@ZephyrEnergyPlc
- less well known but up and coming oilie. $2M grant for first Paradox Basin well, raised £2.25 in placing. Spud December? Potential to #multibag thinks CEO Colin Harrington. See him here: https://youtu.be/TvIxoOj2AXI #Oil #Energy #ParadoxBasin #USA

Zephyr Energy
@ZephyrEnergyPlc
3h ago
Our podcast with
@Share_Talk
following our update to the market last week: https://share-talk.com/colin-harrington-ceo-zephyr-energy-zphr-l-interview/#gs.jrubsl

Sonofscb - consider yourself filtered or should that be filturd lol

Am sick of your constant repetitive dross the page is looking much less cluttered now already... now the serious discussion about the bright future of this company can take place.

"According the LSE today, there are no director deals in Zephyr?"

Haha are you for real?!!

Sonofscb you really are making yourself look a complete tool on this bb. Whatever grudge you hold against the previous company for your substantial losses it's clear from this point that you do not want to see this succeed! Shame on you!

Sonofscb
Posted in: ZPHR
Posts: 46
Price: 0.775
No Opinion

RE: CHANGE OF NAME07 Sep 2020 20:28
"I agree with you MrCautious, the figures do not add up, if the acreage Rose oh sorry Zephyr have in the Paradox was such a good prospect, why are the directors of this company not buying lots and lots more shares in the company they run?"

They have. Another 0.36M worth in latest placing to take Colin and Rick's holding to 19.34% even after the placing which is well over one million pounds worth! If that's not a sign of having decent skin in the game then I don't know what is!

Definitely a good sign max.

Summary of the "world class" University of Utah's Energy & Geoscience Institute who have provided the grant funding from a project team led by the University as a result of funds from the US govt....

"Home to leading experts in the fields of geology, geophysics, geochemistry, and engineering, the Energy & Geoscience Institute (EGI) at the University of Utah is the world’s largest University based industry cost-shared upstream E&P research program of its kind, with 30+ Corporate Associate members representing 20 countries."

"As EGI, the focus on partnership and collaboration has continued to expand the body of scientific research and knowledge in the hydrocarbon and geothermal fields for both industry and government projects across more than 70 countries."

"The University of Utah is recognized as a Tier One teaching and research institution—in the good company of Stanford, Harvard, and MIT."

Share_Talk ™
@Share_Talk
1h ago
Colin Harrington, CEO of
@ZephyrEnergyPlc
(#ZPHR.L) Interview Headphone continues to make progress as it prepares to spud the 'dual-use' State 16-2 well in the Paradox Basin, #Utah, #USA Flag of United States before the end of this year.

https://share-talk.com/colin-harrington-ceo-zephyr-energy-zphr-l-interview/ via
@share_talk

10p quite possible over next 12 months such is the potential for a complete turnaround in fortunes for this brand new company....

Proactive
Oil price, Aminex, Scirocco, Zephyr. And finally…
2020-10-23 13:04:00

(Relevant bit)
Colin Harrington, Zephyr’s Chief Executive, said

“I am delighted with the progress made to ensure a successful and timely spud of the State 16-2 well.

“In particular, I’m very pleased to welcome Bruce to our project team – I’m not aware of anyone who’s drilled more successful horizontal Paradox Basin wells over the last decade. I know he is excited to continue to deliver safe and successful wells within this basin, and to continue the process of overseeing systematic well cost reductions to improve future project profitability."

“Bruce’s direct drilling experience in the Paradox Basin will be absolutely invaluable as we move forward with our own drilling activity – activity which we believe will also benefit from our excellent 3D seismic coverage and site selection of a top-ranked location in our portfolio."

"Expect plenty of activity from Zephyr in the coming weeks and months and I don’t expect the price to stay at 0.7p for very long"…

Sheer untapped potential....

"Horizontal drilling potential of the Cane Creek Reservoir Zone.
Recently, the United States Geological Survey(‘USGS’) assessed the undiscovered oil resource in the Cane Creek reservoir of
the Paradox Basin at 103 million barrels at a 95% confidence level and 198 million barrels at a 50% confidence level.
Nonetheless, relatively limited research has historically been conducted or published to further define the play and the
reservoir characteristics, hence the EGI’s Agreement with Zephyr for a stratigraphic research well."

With this in mind I'm not at all surprised with the CEO and other director's participation in the latest placing.....

"Significantly, Origin Creek Energy, an investment vehicle controlled by Zephyr’s
CEO, Colin Harrington, also participated with £0.36m in this round (taking its total
investment in the Group to date to £1.14m, being represented by 143.6m shares or
19.34% of the enlarged equity) which, along with further subscriptions from two
other Directors, ensures management interests remain aligned with those of the
wider Group shareholder."

You don't invest over one million pounds of your own money without having a high degree of confidence that a huge amount of oil is not only down there but is also likely to be extremely economical to recover imo.

Agreed now is the time to get in here.

If this is not around 2p by Xmas I'll be amazed

I didn't answer you as to where the SP will be in 2, 4 or 6 months because I know, as a disgruntled poster you won't like my answer as it will simply be too positive for you to accept. As for the II's they took part in the placing at 0.55p and the SP is now 0.725p. Make no mistake they will be holding long term for real gains that are on the horizon so I'll just leave it there. Absolutely no point in engaging with you further.

My thoughts exactly smacks.

Sonofscb clearly thinks they have a level of expertise in the Paradox basin way above that of Colin and the rest of the bod and is already writing this off just as things are getting interesting.

Why don't you email or call Colin next week and explain why it is you think he's wrong and give him a chance to explain the FACTS to you? But I'm pretty sure you won't.

Your question has already been answered in recent interviews.

Any recent drop in the West Texas intermediate oil price is more than offset by the more than 30% drop in the cost of drilling and service costs over last few month's.
Colin has stated that they will still be very profitable at $40 oil. B/E will be below $30 oil so please explain how thing's don't add up.
Plus please explain how the recent placing was way over subscribed with a number of institutional investors buying into this potentially huge play in the Paradox basin. Clearly they don't agree with you. Are you saying everyone including Colin has got this wrong? Really?

Looking good for the future...

"In addition to funding the State 16-2 dual-use vertical well, part of the Placing proceeds may be used for future lateral drilling on the Paradox project and/or the funding of potential acquisitions which meet our stringent investment criteria, at a time when there are significant opportunities arising in the Rocky Mountain region of the U.S. upstream oil and gas markets”.

"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"

Global Legal Chronicle

Zephyr Energy’s £2.5 Million Placing

October 23, 2020 Paolo Bossi

Memery Crystal advised Zephyr Energy on the deal.

The placing, which was oversubscribed, has been conducted with a range of new, existing and institutional investors and with Turner Pope Investments acting as broker for the company.

Zephyr Energy is a technology-led exploration and production company focused on responsible resource development.

The net proceeds of the fundraise will be used to fully finance the company’s maximum funding obligations for drilling the State 16-2 dual-use well on its acreage in the Paradox Basin, Utah as well as a number of other strategic ventures.

The Memery Crystal team was led by CEO & Senior Corporate Partner Nick Davis (Picture), and supported by Solicitor Lauren Belmonte and Paralegal Priya Morzeria.

So a little bit bitter then eh