Member Info for NoOneKnows

Market makers altering the spread.

There was an update on prcedure yesterday to due with security for costs... no idea exactly what that entails but it is the first update since July.

If I remember correctly they were hoping to get things moving before the end of the year... but no particular project was mentioned.

Anyone know if Southport is stillon Eqtecs agenda ?

I would argue its is the company performance thats keeping 'us down' and the sp is where it deserves to be atm. I also suspect it is only traders who are talking this share up, even andii isn't saying a lot.

Thanks for the link and the update scotalba. Plenty to look forward to it just requires some patience.

Whoever sold the 39,500000 took a bit of a hit on the price selling so many in one lump at least thats how it appears.

Simplywall.St say fair value for the sp would be .11 I hope they are correct and when/if we get a RTO we get fair value in any negotiations.

Fair value

I like the simplywall st analysis summary of high growth potential and faie value.

My opinion is Zephyr are looking at 36-2 as a major asset and will do whatever is needed to get it into production. They are bringing in good revenue from Williston but a successful 36-2 could be the catalyst to speed up drilling/production from other wells.

It doesn't make much difference to the company... they need some successes rather than the failures so far. Italy taking so long with no explanation if its the technology or plant design or both is worrying. This is a big gamble now imo.

Https://www.energy.gov/fecm/articles/utah-natural-gas-flaring-and-venting-regulations

I found this interesting assuming its still current.

Director dealing.....no new news due anytime soon then.

Last week people just focussed in on 36-2 and ignored everything else... just the scenario traders love to hook on to and now the traders will be reaping the rewards of someone else's losses.

· At 30 June 2023, the combined carrying value of the Company's Paradox project and Williston assets was US$103.2 million (30 June 2022: US$75.9 million), demonstrating the scale of investment made in the asset portfolio over the last twelve months. Plenty of positives in the RNS as well as the set back of 36-2.

"expects to recover substantially all costs associated with the well control incident"

That was in the RNS... isn't that insider enough ?

They have almost £1 1/2m in non-current assests(investments etc) some of which may or may not come back to the company but if it does then the current valuation is very low.

I bought more eventually after failing to get a quote which makes me think someone is mopping up cheap shares.

Zephyr noted that it has comprehensive well control insurance coverage, and the company expects to recover substantially all costs associated with the incident including any sidetrack or re-drill scenario. To date, it has recovered some US$3.7 million from the insurer.