The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The simplest "dyor" shouldn't be so testing.
Copied from Auctus note 10th july
"To date approximately 7,000 feet of 8,900 feet of tubing in well State 36-2 has been pulled and inspected with circa 15% of the pulled joints requiring replacement. Over the last two weeks Zephyr has retrieved ~500 feet of tubing and, importantly, a difficult area has now been passed and the company is making good progress again."
I wonder what the production levels are like from Federal 28 ? Probably not that much but adding in the other 4 as well? Will likely help underpin Zephyr's unrevised annual production forecast of 4/5 000 boepd by year end!
This is so so cheap.
Bearing in mind that Zephyr have stated that they were past the stuck section which reduced their recovery rate significantly. As we have heard nothing further Is it safe to assume that they are now recovering several hundred feet per day again? If so, it would seem logical that they would complete that operation prior to the AGM. Testing commences?
That was a remarkable thing to say for a CEO during an interview. He must be very sure of success to stick his neck out that far.
To our resident wino i would just say give me 95% of a monster rather than 100% of a maybe. That's investing for grown-ups though isn't it....