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Been an uplift in optimism on this board 're future prospects. I am however concerned about the Tanzanians delivering the pipeline in a timely fashion.
So, I am still thinking(based on previous delays) things will start in terms of the drilling in Q2 next year. Having said that my question is then what do people think the sp will be at the end of 2024?
Atb,
Northern
HOW = GLA
Tanzania, I am as fallible as the next man but what is happening currently with the company in Ruvuma is what I invested in this company a long, long time ago. Now, it seems that Ara are at least on track to start the drilling process and field development. My remaining concern is whether the Tanzanian government keep their side of the bargain in a timely fashion.
In terms of what other posters say on this board that is up to them - nothing I can do about how they view the situation or what they say about it. In its simplest terms I really hope the company do well, have a good relationship built with Tanzania and the company and it's share price to from strength to strength.
HOW and
Atb,
Northern
If some of the things we are hoping for haven't been achieved by year end it will be very interesting to see the size they give for the reserves that are going to be restated based on the 3D seismic taken(presumably upward again) by year end.
Lots to look forward to now.
Atb,
Northern
On here this week. Great to hear so much optimism and opinions from people who really think this share is going to move forward quite dramatically in the next six months and then on from there.
Here's hoping that what people are hoping for becomes a reality.
You have given me a new founder optimism and sense of excitement about the share.
Gla,
Atb,
Northern
Looks like the spudding will be next week then.
Atb,
Northern
Thanks tradedesk,
I sincerely hope you are right. It will seem like investing in a new share with prospects, if this finally, like we all hope, takes off.
Atb,
Northern
Thanks edgar22 for clarifying.
Hopefully, the 25% will still start to return Aminex a good revenue. It's been so long a wait I think I am trying to take the cautious approach whilst at the same time hoping to be surprised.
Gla.
Atb,
Northern
You are doing a great job tradedesk with your information and optimism. The only thing I'm not sure about is your certainty of how it hit 7p and will do so again. It might well do but the last time it hit 7p as far as I remember there were a lot less shares making up the companies capital.
My concern is the previous delays. I hope we can get drilling soon but my gut feeling is saying Q2 2024. A start would be 2p and great results would move the sp up but that would be counting chickens.
I honestly do hope we get great results - I have been waiting a long, long time! I suspect any s drilling results would start to come in middle of next year.
Keep the good work up! Admire your positive outlook.
Atb,
Northern
I'd be just happy when we can get a drill spudded(the real test for me, as I've consistently said due to past delays) and a price of 2p would be a great start!
Atb,
Northern
Thanks THE_CHAIN I'm just trying to see some way they can increase revenue but maybe once they do get all these things sorted at least, hopefully there will be a jump in revenue.
Atb,
Northern
Me. Whilst Zephyr are sorting out their way forward 're the 36-2 well can they not do something on a more short term basis and get something positive moving from the 16-2 well?
Atb,
Northern
To be announced in the coming week?
Atb,
Northern
Yes, the key will be getting production moving. We are where we are though. Shame they haven't been able to move 36-2 to a production test as it will obviously prolong the increase in the sp(so patience still required). So far the company has been seen one(before the 36-2 incident) as pushing forward as quickly as they can. Hope they can soon, however they do it get things back on track and we get the production moving. So, basically more patience required
Atb,
Northern
Feeling based on delays and 're-think of 36-2 would mean at the earliest in terms of possible production we are looking at Q2 2024.
Atb,
Northern
Thanks Oilworker1. Basically frustrated. Quite a few of my investments are just waiting on delay after delay, or there have been mistakes made which have caused further delays. Based on the law of averages I wouldn't have expected this to be the case, especially with knowledgeable and experienced operators! I am hoping this is just a one off for Zephyr - but it seems to be the case that Zephyr just do one thing at a time in this case the 36-2 and nothing will follow until that is sorted. That is why in essence I am hoping for an insight into their medium term plans -:as far as I am aware the haven't produced one which concerns me a little.
Atb,
Northern
Unfounded optimism. Looks like they are where they are, are struggling with the well and the implication I take from that is further(indeterminate) delays.
They will need to come up with a decent plan asap or we all know what will.happen - the sp will drift down.
Personally I think we need firstly a plan for the 36-2 well as soon as they can, further positive news 're 16-2 and more generally a plan 're whatever are doing for the next 6-12 months.
The main positives are 100% of the acreage is Zephyr's and n the non-op assets producing revenue day in day out.
Atb,
Northern
Happy to wait and see - not long now. What I keep thinking is the company will want to maintain credibility and the best way to do that is to get the testing started and start to move things along at a whitespace than this year. Thunder to make some great deals but the key thing to me is can they get the Paradox - their stated asset performing and earning lots of revenue. Time will tell but personally I'm hoping for some much better progress in the coming year. Lots of companies seem to promise a lot but it takes them much longer to deliver. I hope Zephyr can progress to better in the short to medium term than they have done in the last year to eighteen months.
Atb,
Northern
Happy to wait and see - not long now. What I keep thinking is the company will want to maintain credibility and the best way to do that is to get the testing started and start to move things along at a whitespace than this year. Thunder to make some great deals but the key thing to me is can they get the Paradox - their stated asset performing and earning lots of revenue. Time will tell but personally I'm hoping for some much better progress in the coming year. Lots of companies seem to promise a lot but it takes them much longer to deliver. I hope Zephyr can progress to better in the short to medium term than they have done in the last year to eighteen months.
Atb,
Northern
Very much agree. I'm just hoping the RNS is as positive as I'm hoping for.
Based on the last RNS imho it sounded like it was implying positive news. That is just imho though - I'm just surprised people are selling at the moment rather than waiting a few days - curious.
Atb,
Northern