RE: The 100 M Investor28 Aug 2025 19:39
It is clear as mud is what it is. In the latest RNS we get this:
' Based on management forecasts, the Acquisition, adjusted for the sale of the divested assets, will add production of approximately 388 barrels of oil equivalent per day ("boepd") net to Zephyr in the first month of production (versus an initial, pre-divestiture estimate of 400 boepd). Zephyr will continue to actively manage its asset portfolio and will consider both acquisitions and divestitures which are deemed value-accretive and in the best interests of Shareholders.'
And on 17th July we got this (the curious bit is the last sentence):
' Under the terms of the Proposed Acquisition, Zephyr will acquire a working interest in a portfolio of over 400 wells, 21 of which will be operated by the Company. The non-operated wells, in which the Company will own a minority working interest, are operated by top-tier operators. At completion of the Proposed Acquisition, the acquired assets are expected to add an estimated 600,000 barrels of oil equivalent of 2P producing reserves (management estimate) and 400 barrels of oil equivalent per day, net to Zephyr, of current production (85% oil). Zephyr's working interests in the portfolio will average 7% and represents an equivalent of 31 net wells.'
So....what you think?? Looks to me like we get 7% of the now 388 wells.