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Caterham7 - (Like your posting name name ~ brings back fond memories :-)
I agree and as you I'm not holding my breath - patience in the key and Fantasy personally I wouldn't swap Harry as his project specific & local knowledge isn't something that a replacement could pick up in a couple of weeks/months - I'd like him to take it as far as he can and it wont just be 'all about Harry' once the TK funding is in place.
CeriEvans - you're not wrong re addressing the issue of corruption - I've been places where a passport is worthless if hasn't a fair bit of green inside the cover!
and Robjm66 - credit where it's due - many thanks for the continuous supply of links.
imo - this is about as good as it's ever been for KEFI so Fingers crossed everyone
It seems to me that (as per usual) most posters here don't have a clue!
I can't be assed to quote all the gripes, complaints, personal assassinations and confessions posted here -
We're dealing with an emerging nation that is fraught with all the known problems that thrive in 3rd world countries!
Did you buy into Kefi thinking that corruption, civil unrest and all the problems that apply elsewhere wouldn't exist here?
Blaming Harry for your miscalculations or basic ignorance of a standard situation is imo laughable.
Any one who thinks that there was an easier, less complicated road to get us to where we are now is certifiable -
All you 'know all's' voicing your complaints can go and 'do one' as far as I'm concerned - in reality anyone who put money into this 4/5 years ago was at best deluded if they thought they'd get a quick return - no matter what Harry or anyone had said.
And if you put your faith in what was going to be good for the local people then again you need your heads examining!
I'm not going to list the hundreds of similar scenarios to KEFI that are there for anyone to research - there's so many examples on AIM that there's not enough time to list them all -
This is and always was a slow burner with 2 potential outcomes WIN or LOSE - that is how it is and no matter how much you apply your thoughts/logic as to how things ought to be - the reality is that this is geographically where it is and that fact dictates that normal business procedure isn't the norm.
I've invested here knowing all the above - so the extent of my investment is in line with my risk assessment and great if it all works out @ 20p or whatever but I'm not going under if it all goes tits up!
|You can swap Harry for who ever you like but it wont make any difference to the final outcome - this is Ethiopia and Saudi Arabia hardly the ethical business capitals of the world and if it was all so simple then the Saudis would finance the whole thing themselves - they don't need investment bankers.
I suspect that most here haven't set foot outside of the UK for a living, let alone tried to work in an undeveloped country
and it ****es me off listening to all you armchair computer traders dealing out the flack because things aren't happening the way you hoped - get real!
& do these typical comments from this page achieve anything
My portfolio overall is some 44% down, mostly my own fault/bad decisions to be fair, but anything less than success here would be disastrous.
i am getting pretty hacked off with the constant dilution and our inability to close the TK finance deal.
I want finance updates in addition to endless promises of "nearly there" that have been going on for how many years.
Things may be different this time. I just have a healthy dose of cynicism having paid 2p for shares here in the past.
I am sure this BB has enough share holders to call EGM and hold the KEFI board accountable if needs be?
Share price heading south today and it’s all abo
Tulu Kapi Gold Project -
The Company expects all outstanding issues to be addressed imminently, the exact timing of which will largely be driven by the Government process, so that final lender documentation can be completed, and signing can take place, enabling the KEFI General Meeting to be called, funds to flow and full Project launch to proceed.
And what is Harry's interpretation of imminent?
Well he's kind of explained ~ "the exact timing of which will largely be driven by the Government process"
Which means "How long is a piece of string?
IMO this has always been the case and Harry doesn't know and how could he?
What's important is :-
"The Company announced on 21 November 2022 that the finance plan for the c.US$320 million financing of Tulu Kapi had been agreed in principle by the lenders so that draft definitive agreements could be finalised for approval by syndicate members and regulators."
I've been watching this for over 4 years and Imo I don't think there's been a better time to tip your toe regarding risk versus potential return - entry @ 0.75p now - it was over 4p when I first looked.
If things drag on I think we could see 6.5p ish again but I've bought in today just in case it's a short piece of string and will add as I can - my average starts @ 0.75p and think that when this re rates any drop from there won't mean a thing.
Hope I'm not wrong, progress has been slow but much has changed and imo there's now reason to be hopeful.
Nothing new there, just an opinion about a piece of string - good luck whatever you do.
Hi Adon - I like your 'coke bottle' description of the situation - who hasn't opened a bottle that's stood for ages and got totally drenched! In that scenario it's just bad luck - unlike a 'well' you can see the contents but have no idea that the bottle has been over pressurised.
I've every confidence in this team, there are no short cuts and we just have to wait to see what comes next in terms of , as you say, details and solutions.
I did read your earlier post, I don't post much but it prompted me to join in with my 2p worth.
Over and out and GLA
Yes it did seem from that RNS comment like they didn't complete the horizontal section Yank1 - they never did pilot holes when I was involved in drilling - every drill bit determined the size of the next casing - things might have changed and this team seem to be very clued up on all the latest techniques. The 'kick' whenever it happened must have been very significant & enough to demand a rethink - the mud (drilling fluid)weight has to provide enough hydrostatic pressure to contain the well pressure (amongst other things) whilst drilling which is probably why they're considering running the casing earlier than planned.
Ezhik - lovely terminology - I suspect that you know that the 'big weighty thing' is the travelling block and that plus the weight of the casing being run is normally enough to run the casing to TD. I've been involved with many casing jobs
and remain interested as I've not seen horizontal - the bullnosed end is a cement shoe that has a check valve to stop the cement coming back after it's been pumped and this also acts as a float so the Derrick never has to take the full weight of the casing but as you say there will be a calculation to achieve horizontal 'travel'.
Seekinvalue - unwanted, unnecessary conjecture
" If the fraction of the heavy hydrocarbon is low. It may be just Gas reservoir and may no get condensate."
etc.' etc.'
If's & may's and may not's from 3rd parties not involved - but it's the oil field and anything is possible -
except for an accurate analysis from your not involved 'connections', no matter how experienced they are -
and imo you're not being 'realistic' at all at this time.
- let Zephyr do their job and analyse the situation - imo guess work doesn't come into it.
"Does anybody think that the seller has gone with that 1 million sale?"
I'm no expert but take 'indications' from this site and apart from my own enthusiasm it would suggest that everything being sold will be gobbled up . . .
https://www.barchart.com/stocks/quotes/ZPHR.LN/opinion
I've been moving everything I can into this for months now - nothing's ever a dead cert but being a retired oilman, mainly on drilling rigs, imo this is about as good as it gets - I have a huge respect for the crews working in these current conditions however I've no experience in running horizontal casing and will be watching this with great interest.
Thoroughly enjoying these last 2 days - GLA
You still here ColinH100!!
Still working away on that enormous chip on your shoulder -
nothing to add just same old same old 'gripes' and references to chat room bullies.
Everyone has the right to express their opinion ColinH
it's just that some are not worth reading and you kind of head that list!
I'd suggest that the best way for you not to attract unwanted attention would to to stop posting snide comments
or better still just stop posting.
I only visit here once in a while but every time I do there's always the same or similar posts from you -
"You're not allowed to voice such an opinion on this chat board - You'll get shouted down."
Well that's just not correct - it's as someone else observed - it's your needle that's stuck, please try to fix it
"We all believe everything is on course and being sorted until it isn't and we find out at the last minute"
It's just QFI stuck in Groundhog day Vince - you of all people should realise that!
plus things never change here either, no shortage of worthless opinions generating personal insults.
Changing the thread from Santa's Hat to Santa's Shat would suit a lot of current posters content better!
"3 big buys so far today, is any news about to be released? What’s going on ?"
They were 4 significant buys in all today and worth not far off half a £million!
That's a lot to be 'taking a punt'
Something could be happening ?
or someone's just got confused and there'll be that many sells tomorrow!"
Who knows ?
It's always just been a punt for me but never say never
Well you've got us all thinking now MEM!
I am already comfortable & confident in my investment in Zephyr - but seeing an opportunity to share knowledge to the benefit of the company & it's shareholders and have that acknowledged must be very rare indeed.
If genuine and I've no reason to believe otherwise, then I hope you get all the recognition that that deserves.
" . . . nor can I imagine what link a person could provide proving a trade was theirs, especially since this is an ostensibly anonymous board. However what does this have to do with the current discussion
and why do I need any credibility?"
You're probably correct about proof of personal trades
and there's no doubt about your knowledge re the intricacies of trading Indigo -
it's so often there to be seen and to the detriment of inferior traders but as to 'needing any credibility'?
Don't worry about that - I'm fairly certain that I'm not the only occasional interested visitor to this board who has noted that you are like a dog with a bone about this share and rarely off page -
does such an obsessive posting history and credibility have any link?
Your breaking my heart Blueshoes with your 24 million shares @ 4.3p average and your gloomy outlook to our future.
"Yet his fake grin, (Harrington's) too positive message never sat well. And so I am correct. Shareholders shafted. Will these multi bag from here as many think? Maybe, I hope so, yet I am much more interested now in de-risking my holding. Ie selling some if we move near 7p again. Another Placing in 9 months will kill this for good".
So you'll have us believe you've invested over £1 mil and then you "gave Harrington the benefit of the doubt as the echo chamber of his accolytes" and remain invested while still in profit?
or are you just bragging?
"I hold just shy of 24,000,000 Average 4.3p. So not a minor position."
I personally think you should de-risk now while you can, why chance it any longer?
Sell everything you have in ZPHR and take your 'gloom & wisdom' elsewhere.
I'm not actually convinced I should have bothered with this but there is always a chance that someone out there may be wondering why has he only got a 4.3p average when he been in since 1p and has invested over a £1million and is blaming everyone, the company and has nothing but pessimism regarding ZPHR future ? -
I'd say - He just bought too few below 4.3p but saw an easy profit with his 1p entry level, tried to catch up and bought too many higher than 4.3p - and not happy with no immediate Jam - and it's breaking my heart
Watch the Webinar and don't listen to Elvis
There's no such thing as an 'absolute certainty' but don't loose sight of the positives here and the reasons for a slow down in news:-
"The board prides itself on setting and meeting ambitious targets and deadlines for the company," said chief executive officer Colin Harrington.
"Unfortunately, the spread of the Omicron variant has made the delay to completion unavoidable, in spite of our best efforts to finalise the transaction prior to the commencement of the holiday period.
"While it is frustrating that completion won't occur in the 2021 calendar year, we remain 100% committed to the transaction and continue to believe that the assets being acquired will be a fantastic addition to our portfolio."
20th December 2021 At 1406 GMT, shares in Zephyr Energy were down 4.78% at 6.57p.
It's difficult times for everyone folks
GLA
"Hoping for some good news to repair my broken portfolio"
I think that says it all for all those invested here - I've got to say that I might have had a more realistic outlook than most in terms of my initial investment having spent 20 odd years in the oilfield i.e. I have had plenty of 'real life' experiences that demonstrated the accuracy of the old adage 'the best laid plans of mice & men'. The latest video shows quite clearly the problems of communication between zones which in this case is increased with horizontal drilling - the whole remedial process can get very complicated, time consuming and not always successful - as 'everyone' knows now!
Not offering nor making any excuses for past performance or the BOD but just agreeing that a bit of good news wouldn't go amiss and saying I am more optimistic now that they have shown a clearer understanding of what they're dealing with and that should, hopefully, make the difference on the JKT-1 sidetrack.
No disrespect Indigo but QFI have been 'in the process of securing contracts' for years which is what I meant by 'same old'.
I don't think that I'm being disingenuous - I'm just frustrated and somewhat puzzled by the lack of enthusiasm by the industry - there's been so much detail discussed here and on Tapatalk by so many at every past contractual opportunity but there's never been a champion, neither an individual politician nor a Green organisation or group or company that has publicly promoted, endorsed or recommended the benefits of using QFI's MSAR.
I say again that I see this as being strange - especially with climate change being such a hot topic and it is my personal reason for not buying back in -
As an aside -
he was being somewhat disingenuous as well as cynical"
synonyms:
dishonest · deceitful · underhand · underhanded · duplicitous · double-dealing · two-faced · dissembling · insincere · false · lying · untruthful · mendacious · not candid · not frank · not entirely truthful · artful · cunning · crafty · wily · sly · sneaky · tricky · scheming
I think my post was non of the above - it was however my honest opinion and I do sincerely hope that you get your contract
QFI not being able to secure a contract even in the current global warming scenario.
I've been a LTH and a fan of MSAR for years, I sold out sometime 2020 having averaged down so I didn't loose too much (except hair) and have always felt that I would buy back in at sometime. Having done my initial research I got talking to ToT and The Hog both respected posters at the time and both equally enthusiastic leading up to and beyond the Maersk trials - so I was gutted to say the least when that, then Saudi and Kuwait came to a great big nothing.
I know that MSAR and today's greener version isn't the total solution to the worlds fossil fuel pollution but it could provide a vast improvement and I still do not understand why it hasn't been adopted as just that - a much better alternative to oil fuels currently in use.
I personally think the Petroteq / Tomco venture in Utah holds the key/best opportunity for QFI but it's almost as if no one of consequence has ever heard of it and more importantly, for some inexplicable reason, no one wants to help it across the line!
I appreciate that Covid hasn't helped but for me this is still very much 'same old' and remains just an interested 'watch' for me.
As usual - I wish the product and all remaining holders well. GLA
Thanks manu19 and I am happy to confirm (for me) that risk/reward now has it's time limit and that I learnt not to get too attached to a share - as I said before each to their own and GLA
I accept that too Indigo but having held that risk/reward thought for so long with QFI I came to my own conclusion / decision to move on for my own sanity and I've done well elsewhere with the money. I'm not greedy and am happier to monitor the situation for now. Good luck to you and the LTH's here.