RNS28 Jan 2022 18:02
From the RNS I see that the company broker intends to be fully involved. I would have thought that a given so am surprised that it needed an RNS to clarify. Were they reticent or is that my mistaken reading?
It will mean a dilution as placings do but if they'd declined what would have happened because Zephyr need production, hence Williston which, all things happening as planned, will take Zephyr beyond just drilling and hopefully rerate the share because it needs it. Colin is banking on $70 for safety, which looks sensible but the oil price is volatile, could be higher but nobody expected the crash of a couple of years back, admittedly newsworthy because it was so unusual.
Naturally, with a reasonably large holding, for me, I hope it'll do well but am sure production will help if all goes to plan. I just hope that it does.