Member Info for obmuj

If Colorado is only waiting to start a spud then my money is on the ML being imminent with this sort of rise. Just my gut.

I think the drop is obvious. Purely T traders who expected spudding to raise the SP and they have run out of time and have to sell. Not a probleml just noise and ignore..............or top up, as has been suggested.

In a month or so we (investors) will be rewarded.

Yes, it's time to move north now. Worth a re-read of 6 Sep RNS as it sums up everything very nicely for a very succesful outcome, barring only any accident or incident.

So, the Nabors Rig B29 is being mobilised and for those who have waited for this moment for such a long time, the State 36-2 LNW-CC-R well is about to reveal its contents as in the next 30+ days after spudding, the long lateral looks for what might be huge potential in the Cane Creek reservoir.

Investors who have stuck with Zephyr through the thick and the thin should congratulate the management on getting thus far, the fund raisings and support in early days, of wise investment in non-operated assets to fund the meagre moments and for the insurance after the blow-out.

Add to that the funding of this well in a creative and efficient way, and to not dilute the shareholders by giving away any of the Paradox Basin and we have reached this point. Bring on the spud, there is potentially a great deal there and as is always the way in the oil & gas industry the promised land, in this case it could be paradise…

Here's the normal "fuzzy" one dated 8th Jan 2025.

Is that a storage facility; top left. Not seen that before.

I'm no expert on this satellite map drawing ; hence why I stated just for interest.

https://soar.earth/satellites/sentinel?service=WMS&request=GetMap&bbox=-12243317.119301764%2C4700516.512834372%2C-12244238.35146167%2C4699733.235573621&time=2025-01-08&layerKey=TRUE_COLOR&layers=TRUE_COLOR&title=Sentinel+2&image_data=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F28b4c9f0-28ea-4d19-8bb7-1bfc9f18c9bc%3Fservice%3DWMS%26request%3DGetMap%26layers%3DTRUE_COLOR_PREVIEW%26format%3Dimage%252Fpng%26transparent%3Dtrue%26version%3D1.1.1%26showlogo%3Dfalse%26name%3DSentinel-2%2520L1C%26width%3D100%26height%3D100%26maxcc%3D100%26time%3D2025-01-08%252F2025-01-08%26bbox%3D-12243317.119301764%2C4700516.512834372%2C-12244238.35146167%2C4699733.235573621%26crs%3DEPSG%3A3857&pos=38.84971230966904%2C-109.98953489608931%2C16.89

Https://soar.earth/satellites?pos=38.8493884146209%2C-109.98759242788854%2C18.16

Clearest satellite pic of operation at 36-2 I have ever seen on the Sentinel site.

They are normally very "fuzzy" but this shows in detail the position of equipment and flair.

Nabors operates the world's largest land drilling rig fleet, with around 500 rigs operating in over 25 countries.

Good to know we start the 2025 extended lateral with what seems like one of the best in the business.

Prosperous New Year to us all, especially those still waiting from Vane days.

Sorry, Radika I meant.

Radical. It’s Nvidia Corp. NVDA is its ticker.

Nice mention of HE1 today amongst the ones to watch, mainly with NVDA as the investors’ favourite but HE1 in the list.

“ Further to our update on 14 November 2024, I am pleased to report that our asset level funding process for our forthcoming drilling operations continues to progress well and in line with our expectations. We fully anticipate signing the binding documentation for the asset level funding later this month.”

JBCo - Not sure the point of that post.

When I clicked on your link to X it headlined *DAILY BROKER PRICE CHANGES (NOT RATINGS)*

Nothing to do with a Downgrade.

"State" obviously. I normally check my spelling but still yawning.

"............ the proposed funding is progressing well and we expect to complete binding documentation in the coming weeks. The proposed funding will fully fund the next phase of our operational activity, as outlined above, WITHOUT ANY EQUITY DILUTION at the Company level.

"the "investor" would fund 100% of the expected costs required to drill"

Only frustration is the delay….yet again but this looks like the “investor” is fully on board. Colin seems confident. “ Progressing well”.

US based industry investor has, I assume, decided sign on the dotted line!

Positive even. Oops.

RNS soon? Looking poitive.

Just for interest:

Guardian article yesterday on lung cancer trial having great results stopping advancement of cancer by 40%. Further, it refers to , quote “….part of treatment called “precision“ medicine. Advances in precision medicine have led to new treatments tailored - etc…”.

Not specifically related to Avacta but interesting parallels.

I hold no position in AVCT having traded this badly over past years with big losses but maybe I will take a further look to a more long term view and actually “invest”..

PS: I am not a Guardian reader but Times had run out everywhere on Sat.

Asset financing is usually used to cover a short-term need for working capital. Some companies prefer to use asset financing in place of traditional financing as the financing is based on the assets themselves rather than the bank's perception of the company's creditworthiness and future business prospects.

Stanta1 - yes, as a reminder, malcy said this last Friday:

I will be speaking to Colin again on Monday and he has agreed to do an interview next week to give shareholders a chance to see what a difference this well has made to the potential for Zephyr, in the meantime I remain very positive indeed about the company and the Paradox Basin.

Maybe tomorrow as Thirsday seems a popular day for an"appearance" along with a RNS.