Member Info for NoOneKnows

More news next week maybe.....middle of August so I would expect news soon.

What Malcy said in his blog yesterday.. "Zephyr has been very smart and this very good performance in cash flow generation should be lauded, an interesting move in pretty much just one year since they started adding production to finance the exploration.

Now our thoughts move to the Paradox Basin project and the autumn drilling programme which is fully funded from this portfolio, exciting times ahead for Zephyr and the shares should be significantly higher than they are now".

Its a funny old world with people selling and more news coming soon...if I've got my calculations correct the revenue from Williston is worth about 2p a share this year and with the prospect of more revenue from 16-2(hopefully) and the drilling program starting in the next few weeks I think I'll stick in here for a good while yet.

Nice to have a constant flow of revenue and this years drilling to look forward to as well.

CH said they would give updates on Williston within 45 days of the end of the quarter... so 45 days would be Aug14.

Could be traders profit taking too but day to day trade doesn't detract from the future value of this share which could well be enormous compared to where we are now with Victory and WN.

I'm sure are some have seen this before but for those that haven't its a link to Mailcys blog June 2022. https://www.malcysblog.com/2022/06/oil-price-reabold-union-jack-scirocco-uog/

I realise Corallian will only be left with the Victory licence and the price wouldn't be any different, my query is does the fact the offer is for the company rather than the licence affect how any offer is paid ? is it more or less likely to be cash or instalments ?

It will be interesting to see how it plays out with the offer being for Corallian rather than just the Victory licence.

Most likely 'if' there was an email it was a polite reply and explained any updates will be released as and when appropriate.

Not forgetting the possibility of Nickle... that would be a good find.

CH can't put anything price sensitive in an email that isn't already public knowledge, so I'd guess nothing new in said email which maybbe the news Evan didn't want to hear.

Bubble .. Bitcoin mines

Something is in the air, news won't be long is my thinking.

CH said Q updates will be within 45 days of the end of the Quarter... so we will have news by Aug 14 or before... not long to wait.

This is an interesting article.. https://www.itia.info/assets/files/newsletters/Newsletter_2012_06.pdf
Personally I'm more interested in Ragged Range and USA project.

Christoffmcd.. there is no doubt Victory is worth a lot of money but until details of the prospective sale come through we are all guessing as to the price it might sell for. It is certainly more valuable at todays gas prices than it was when the finacial times article was published in November 2020.

Info on Victory from the article in Financial Times November 2020.
Valuations (NPV10) of Victory currently range from circa £85 million (based on current gas price forecasts of 42.5p/therm) to circa £146 million (based on historical average gas price and base case valuation of 50p/therm). Based on Reabold's 34.9 per cent. interest in Corallian, these valuations net to Reabold range from circa £30 million to circa £51 million. Payback of cash invested at a project level is expected to be achieved within 12 months of first gas (assuming a historical average gas price).

We must remember Thor are still playing catch up after 2 years of lock downs and there should be plenty of news on various projects in H2.

I see very little downside with this share from the current level.