Member Info for NoOneKnows

Taken from Malcy's blog 21 december 2022 just to clarify.

Taken from Malcy's blog just to give the new Williston wells some bones.
Zephyr’s working-interest in the New Williston Wells ranges from 11% to 32% and management currently estimates 2P Reserves being acquired are circa 550,000 boe net to Zephyr.

· On a pro forma basis inclusive of the Williston Acquisition working-interests, the Company is issuing a 2023 full-year production forecast of 1,550 to 1,750 boepd for its aggregate Williston Basin interests (net to Zephyr).

I'm sure the company looks at the best way forward at every stage, as CH keeps saying this is a new oil play and I think they need to be flexible with their strategies in these early stages.

Revenue at the choked rate would be approx $10m per annum, if my maths are correct, they must be hopeful of improving flow rates when they aren't hindered by bad weather. So I guess it depends on the cost of getting the infrastructure in place to take the gas ?

If only oil wells were like pop up shops.

SP drifting down again while we await news on infrastructure, 16-2 and 36-2. The SP has now dropped to a very good price for topping up. When it drops to this level there is almost nothing priced in on the paradox so very liitle to no risk imo.

Todays news wasn't exactly unexpected and at least the negative news is out of the way, so we are pretty much back where we started before yesterdays rise. On the positive side we know we have more positiive news to come from Italy imminently plus Croatia, France and USA hopefully in the next few months.

Looks like there maybe some good news coming.

So taking into account the align research on mnrg the figures are likely to be better than in that link ?

Thanks mjallen aandi.. I had read that but missed the figures but it was early!

My guess is the priority would be getting the infrastructure in place for the two wells currently drilled before moving on to more drilling.

Is there any figures on the cost of running the Italian plant versus expected revenue ?

Wood group have had some buy out offers(turned down so far), I'm assuming its the same Wood who Eqtec are collaborating with ? How would that affect Eqtec should Wood sell or would it make no difference ?

...and while we wait we have good revenue from Williston topping up the coffers :)

Zephyr seem to be making good progress, 2 wells will likely be producing by q3/q4 plus excellent revenue from Williston. It takes time to get an oil well producing and all the infrastructure in place, it will be worth the wait and I don't mind waiting.

I topped up a few more.

Some peoples confidence is easily shaken by various theories... be patient and wait for news.

I don't mind being patient and waiting for the next 16-2 update.
Just a reminder of part of the last update on 16-2.

"The well was successfully drilled, completed, and tested in December 2021. Initial production rates peaked at approximately 1,100 barrels of oil equivalent per day despite production being constrained and heavily choked throughout the initial production test due to surface equipment limitations, details of which were announced by the Company on 8 December 2021."

Williston update possibly next week and maybe 36-2 update ?

Is this contract award not worthy of an RNS ?