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Was there any reason why shareholders were not given an option to buy any shares?
Atb,
Northern
I like the way it's described on the At a website as massive resource potential. Looking forward hopefully to news in the next couple of days and then not too long after that a further update on plans from Ara.
Hopefully some days ahead where we will start to see progress rather than the stagnation we've had to endure for a number of years. Fingers crossed and gla.
Atb,
Northern
36-2 well by the end of next week. Will be good to get the drilling underway.
Atb,
Northern
Yes, I might not have mentioned it but did pick up on that and it's further great news. A really positive interview and adds to the impetus of all the developers now heading in the same direction.
Another thing I picked up on but didn't mention was that Empire were so impressed with the SSH1 well that they were going to take good parts of that process and build it into their future drilling - a good endorsement for the SSH1 and also boxes well going forward.
Atb,
Northern
I listened to the interview and took a lot out of that. The guy notices a very positive message - it seems odd to hear more or less exactly the same list of positives that he lists about the recent well results that POQ quoted. The other big positives I too were the demand that will presumably put the sellers in a strong position and also his statement about all the money that Brian Sheffield has invested in the Beetaloo in various ways and to follow the money - said about all I could have wanted to hear!
Atb,
Northern
I see what you mean. I assume when these options are exercised we will get an RNS(RNSs) , so gives a bit of a time scale as to how they might want to maximise the extracted value having made their options purchases.
Atb,
Northern
Thanks for your opinion Camelot1 very much appreciated. I agree with you. It's difficult to see how it would jump from the current figure to a much higher one. I think given the resource another company would be buying into indeed £1 would be very cheap. I just wanted to try to gauge other people's opinion. One thing that gives me great hope is that quite a number of companies in the area are now talking about development that is heading towards commercial production and I am sure that is going to make a difference.
Atb,
Northern
Possible exit price/sale of Falcon's share. Do people think £1 would be a possibility?
Atb,
Northern
Invest in Molecular it would not be for the Paraguay drilling - and even that hit problems even though PL implied it was worth another go there. The implication being that investors could invest in Molecular for all the other things Molecular were doing - and some investors probably did do even recently when this is what they were being told. PL always seemed to talk prospects up and for him to suddenly make this decision which will lose lots of PIs an awful lot of money I think shows no regard for shareholders and as far as I can see there will be no compensation for those shareholders who trusted PL and who has badly let those shareholders down. One thing that struck me too, where will all that money go that was going to come from Argentina and why couldn't that he used for financing and what about Molecular's investment in ATOM surely that is also worth a sizeable amount.
So, to me there are lots of unanswered questions but sadly shareholders have been badly let down.
Can you see other people financing PL in the future after this.
Very sad state of affairs.
Atb,
Northern
For the amount of helium in that second RNS - that makes it a thousand times the value compared to the first RNS - sounds quite a valuable resource depending on how much they locate and for a relatively small outlay. Goodd that they have another potential income stream they can spread the risk with and hopefully add quite a bit of revenue at the same time.
Atb,
Northern
We would have a corresponding stellar sp performance. Sadly, it looks like I'm wrong.
Fingers crossed we will get some increase in value as time moves on.
Very frustrating it is in fact part of the BODs job to increase shareholder value.
Atb,
Northern
Hopefully next week the sp will reach 4p am hoping for 5-6p when drilling starts on the 36-2. Hopefully 7-8p on good results then some further news from the 16-2 which will all help. Pure guess work but hopefully with positive news it will really start to move up and the field development will then start to move forward. Hope everyone has a great Easter.
Atb,
Northern
Very encouraging to know. Thank you for sharing this Adon30, I must have missed this. Bodes well.
Atb,
Northern
Non-op not non-ok in my last post - spell checker eh lol
Atb,
Northern
Exactly where I was coming from RiskyBusiness1 're timescales linked to the sp and yes if we can build on a couple of very positive results then I think the so will be at least a couple of times are where it currently is at. The key, as a number of people have said on here for a while is get production moving, invest in further wells and build out the field development. I also and I know some people don't agree would be happy with further non-ok investments which all helps to move Zephyr forward more quickly - all imho.
Atb,
Northern
Thanks elland,
Good to hear from you - hope all is well. Looks like after a good few days Zephyr will be heading into positive territory - with all the different meanings of that word. Would be good to hear about the 16-2 - obviously they have focus now on 36-2 but presumably they have been looking at ways to resolve the salt issue they talked about some time ago re the 16-2. Have a great weekend.
Atb,
Northern
And he's reporting a target price of 20p with lots of confidence in the management at Zephyr.
Just out of interest what period length does a target price relates to - e.g. Is it 3 months, 6 months end of the year. Have often seen target prices mentioned but never see timescales linked to them.
Atb,
Northern
Looks like people are seeing this as the right time to buy in. Bodes well I think 🙂
Atb,
Northern
I'm hoping that if they prove their worth then Zephyr will extend any contract they have with them and use them to further develop the field in Utah. Would be great to see a continuation of drilling to further increase revenue which then will be self sustaining and allow for much more growth. All imho.
Atb,
Northern
Yes those were my thoughts too JohnDough in terms of a vote of confidence in the rig and crew. Time will tell but hopefully this time we'll see what these wells can deliver.
Atb,
Northern