RE: Re the $7..5m 36/2 investor20 Feb 2026 13:55
Thanks for that Answer Hydras & 100% correct. I would add to that, the Paperwork / Federal Government timings ( they were shut 2 months last year on strike ), Land permits / Health & safety checks / Pipeline inspections / the pace Enbridge move at ( as they are in the driving seat ), the weather / Dcember & early Jan are always write off re holidays etc etc. So a fair old list of hurdles for CH to jump, 95% of which are entirely out of CH's control, BUT at some point soon, all of the above will be boxed off, boxes ticked & green lights x 20 will light up for 1st GAS go ahead.
Truth be told, i don't think CH ever imagined in his wildest dreams the Paradox would turn out to be such a big beast, its almost caught by surprise re size and scale VS the size of ZPHR & their small capabilities / finances / budgets. Personally i think CH felt hugely overwhelmed by the emerging size of the Paradox development & all that would entail ( i don't blame him for that, even a BP or Shell, would take a deep breath ). ZPHR just don't have ( and were never going to have ) the skills / human resources / boots on the ground / funding ) etc to take this forward, Hence the need for a JV / large investor.
Clearly it needs a very large & wealthy Father figure / God father to hold their hand going forward. As of now that hasn't happened. I think CH believed they would be knocking his door down in May last year after the 36-2 drill.
That was in hindsight was naive of him and some of us ( me included ). Hence we are where we are now Feb 2026. BUT, i'm extremely confident that given a bit more time we will have that very rich Godfather or God Mother to take the reigns & drive this into a Billion $$$ + Co
BUT, its now very clear, we are 100% heading in the right direction. All wheels are in motion on the ground. I still maintain that given the tricky nature of drilling in the Paradox/ newish drill techniques etc etc, any JV partner etc will need clear proof statement of the 3 x wells online and producing consistently over a period of time BEFORE they sign on the line & commit Multi Millions of $$$ into the entire ongoing development. This will come in tie, question is, when will that Proof statement of production actually happen??.,