Member Info for NoOneKnows

The actual news(not hype) is so slow coming and the projects are so slow in getting going I'm half expecting the sp to end up in the mid teens this summer. I hope I am wrong, just preparing myself for more agony.

Different opinions are fine, disappointment is fine... it would be good if everything went smoothly but if you're in the oil/gas/mining sectors it often has delays. Zephyr is a better run company the many small oilers and I still have the patience and optimism stay invested for the foreseeable.

No really good reason to buy... its a total gamble.

Quote taken from an industry article ..

"An oil industry study estimated that of the more than 100,000 wells drilled worldwide in 2012, about 1.5% should be classified as HPHT. Although relatively small in number, these wells often represent significant resource potential and are often located in areas where exploration in new horizons is ongoing",

I think from memory(?) the 36-2 was just under the 15000psi level of a HPHT well it still makes it a well worth waiting for.

They are obviously going to proceed with 36-2 cautiously and make sure every safety element is absolutely sound, understandably, but it looks like its a hell of a well from what we know so far.

If I've got my dates right Q1 Williston update should be next week and maybe/hopefully an update on 36-2.

I liked the RNS, 'if' we get the dewatering licence this price would look a bargain.

Not a great RNS and I wonder how far the SP will drop, the lower it goes the harder to raise funds. Long term we may be ok but its a bit shaky at this present time.

Looking forward to sample results end of June beginning of July, although most mining companies timelines seem very elastic in the last year or so.

I thought I'd add a few at these prices as I expect some updates in the next couple of weeks.

Delay in final results due to forced change of auditor... unfortunate but nothing sinister.

Looks like resonable prices as things stand.

My guess is profit taking while we wait for more concrete news but I feel there is more upside than down at this moment in time.

worm not worn:/

As its Thor ..in a week or two there will be another RNS saying " sorry it wasn't REE it was a REW(rare earth worn). Seriously fingers crossed they have actually found something viable.

I think the timeline would suggest MFC is not going to be transformational for the company, unless PJ meant downward.

I decided on a small top up at 4.52.. seems good value.

I am happy to hold, CH said the company is cash positive and we all know the future potential. The company have got the time lines wrong much of which was/is out of their control but that doesn't alter the potentail upside of the Paradox.

Anything substantial in terms of revenue still seems a million miles (and lots more capital raising) away.

I would expect an RNS update tomorrow otherwise the webinar would seem a bit pointless.