Member Info for papaduke

NTD, another excellent / truthful & well thought out post on the facts . I think ZPHR are closer to ringing the bell with real solid progress than many on this BB would like to admit. Which is a tad odd if you are a true paid up shareholder!. Gamblers / spread betters will always talk mis truths as they havent acutally bought & paid from their own funds for shares. Old man time will eventually reveal the truth Folks, of that we can all agree on.

An excellent / truthful & factual post as to where we are after todays RNS. Please keep up the truthful CRUITHE going forward. The voice of reason and FACTS. Fantastic, thank you. i think many many folk on here will be caught out by ZPHR's progress soon.

The current SP is an utter joke. I feel much of CH's frustrations are on points that are out of anyone's control ( ie local Gov & regulators etc ). However, don't forget we've had $12m from the US government, so that will not be lost of the local federal clowns who are lagging behind.

Ps. why do you think its vague what the $2m is for. Its as clear as a bell JO. see below. Smart move , its more expensive & 6% fee but that's becuase its very very short term 12 month funding & the funder has sorted it very quikcly at short notice & therefore fair pricing. Medium / long term this will pay us back in big time.

The semi-annual refinancing has lowered borrowing rates, tick, and means that costs fall as does net debt, in addition the company has a new commitment from a strategic investor for another potential $2m.

This additional sum is worth explaining, some investors worry about such things but there is very good reason. The company has announced that it has nominated significant contiguous acreage for federal auction and sometimes these chances come up very quickly, indeed I imagine that one is imminent.

So, Zephyr has prepared a war chest for such additional acreage and increased federal bond fees. I’m told that they need to be able to act quickly as there is no margin for error on BLM auctions and there’s increasing interest in the area thanks to the results of the well test and CPR. This in itself should satisfy the market in that it is gratifying to know that Zephyr is now capable of accessing cheaper capital against assets other than the non-operated portfolio. And it is worth knowing that there is a significant value cushion in the non-operated PDP and PUD portfolio even at current prices.

JO, what facts give you the opinion a JV is a non starter!. Not sure where it states that in the RNS or CH's interview. Sorry, i'm lost on that one. Theyve had much more interest in the Paradox assets due to the rising Gas prices, etc etc. For me, its the opposite, they will have more interest in JV not less or noone atall??.

Regardless, we can have these pub chat, 5 pints in posts until doomsday. Only time will play out the truth & i have time, albiet, i would rather it was sooner rather than later. Good luck with you investment. I'm in here for 250k all told & a a loss. Anyone selling now. by and large are making a loss

As always BB, you know more than the people running this co & the II's who are putting in strong money. Running any business isnt an easy task, but i beleive we are getting there.

Lets see who's right in 3-6 months.

I meant BUY the shares!.

If you are true paid up shareholder, then you will be rewarded in due course. If you are a short term spread betting / margin gambler, then you take your chances re timings.

But the feckin shares, hold & wait for the positive news that is very clearly just round the corner. Dont forget we are still 20% down from the 3p placing for £10m & i think we can all agree that Premier Miton & other II's know considerably more than any of us & will be party to more corporate info than us.

Ignore the noise & nonsense spouted on here, buy, hold & shut up!

Sorry, i meant "spread betters related / gamblers etc". folk who borrow money short term to buy stock & come a cropped 3 months down the line as their trade has gone south. Plays havoc with day to day prices / margin calls / quarterly expirys due in early december etc.

The sooner ZPHR get this fecker knocked into shape with a firm professional plan, the better, that will obliterate the gamblers who feck the day to d

Ignore the noise & concentrate on the published facts & truths. x

GAS flying up yet again. Near $5 now. POO down, but looks like its in a trading range ish.The time is now CH to cash in on our Gas in the Paradox. I'll it for the 15th time. Its a complete & utter shoe in...

Morning, another frustrating day yesterday. I'm resigned to the fact that i have no control over these daily / weekly swings. I still maintain a lot of these small sells ( which can over a few days pull us down) are largely spread or similar related / stop losses being hit / margin requirements not met so position close out automatically at a loss. It's never taken many trades for ZPHR to go up or down over the years.

We just have to sit this out until the next few RNS's. Nothing more to do now. Ignore the noise & lets trust in all the experienced people working on this behind the scenes. To my mind, if they hadnt made progress we would of heard long before now. They cant issue any kind of RNS now really, without disclosing market sensitive information.

New CPR ( massive increase ) has been out for nearly a month now if not more.

CH has stated in an email to a BB member that they will only release ongoing RNS's with firm news, not generalised fluffy updates. 99% of what they are negotiating now on all fronts is market / price / commercial sensitive. And its clearly now a very very tight ship re leaks.

Patience needed

They have had bad luck. However, they have now had a massive amount of good luck & outstanding results over the last 12 months, SEMINAL moments, which now need to be SEMINALLY & hugely reflected Northwards in this utterly dreadful SP. Even the II's are now down 20%-25%. just a nonsense SP.

The beat goes very very slowly one for yet another week / month / year end .

Made me laugh Ebbs!, veery funny, but sadly true thus far tho!.

Several of us on the BB have posted the NETL article & the Proactive video. Frankly i read and re read & watched & re watched about 10 times now, to see if i'm missing anything. As i've said many many times, on the face of it & with all the known facts / updated CPR & all the massive amount of work / diligence that many esteemed people have put into ZPHR to get us to this stage, should without any doubt prove to be a complete shoe in for a large JV & or a sale.

Any yet we are now trading at more than 20% less than the 3p placing price & since the massive upgrade in the CPR. It's a crooked world this AIM market.

We can only continue to wait ( as we have done for 4 years thus far ) & pray that they cant possibly drop the ball at this "Seminal " stage in the Co's history, as quoted by CH. Whatever discussions are being negotiated, there is certainly not a single ball hair of a leak thus far, hence the hugely low SP.

100% Elland, the Gas potential her is becoming very very important & with Gas prices set to only go up, as per previous articles / posts on here, you cant help but think its very good timing for ZPHR on that front & should increase decisive interest in the Paradox. Surely we will get a JV RNS with actual firm news before end of 2025?. My lord, its been a double marathon, not a sprint or even a 5000 metre race.

Are old friend Mr time is in charge yet again

14-Nov-25 16:27:23 2.50 250,000 Sell* 2.50 2.60 6,250 O

14-Nov-25 16:19:29 2.54 37,600 Sell* 2.50 2.60 955.04 O

14-Nov-25 16:17:02 2.54 13,100 Sell* 2.50 2.60 332.74 O

14-Nov-25 16:14:43 2.54 15,000 Sell* 2.50 2.60 381.00 O

14-Nov-25 16:11:49 2.50 118,067 Sell* 2.50 2.60 2,952 O

14-Nov-25 15:59:08 2.55 118,067 Unknown* 2.50 2.60 3,011 O

14-Nov-25 15:37:59 2.505 10,000 Sell* 2.50 2.60 250.50 O

ps, my average but price is much less than when i bought s month ago, so my margin requirement is much less & i'm back in 205 less than the 3p placing. short term loss...indeed, longer term gain & less margin requirement have improved. just some fun on the side you understand on a very dreary friday afternoon. oh and yes, i still have a miserable 7m shares bought and paid for. toffee's really.. lets see how our chump friends in the market show my fun in their trades later. we will have found out these utter ****s.....

For some fun i took out March 2026 options with IG index a month ago on ZPHR ( circa £5000 a point ). i'm under water, no surprise ). However this afternoon between 3.30pm -4.30pm i closed and re opened my positions 2.65p when i opened them at 2.96p odds. Yes, lost ( on paper ) a couple of shillings, BUT i wanted to see ( for a bit of fun ) my trades ( circa 15-20 trades ) would be shown by the good old boys on the market!. What fun!.

We shall see how they show these in due course.Crooks every one of them. What a jolly jolly lot of fun

The time it takes to finalise an Oil & Gas Joint Venture (JV) in a data room can vary widely, but the due diligence period typically lasts between 30 and 90 days. The entire process, from initial data compilation to final deal closure, often extends over several months, and in complex cases, over a year, depending on various factors.

Factors Influencing Timeline

The duration of the data room phase in an O&G JV is heavily dependent on several factors:

Complexity of the Transaction: Large-scale JVs involving multiple assets, entities, or cross-border operations require more extensive review, extending the timeline.

Data Availability and Organization: The process can be significantly delayed if the seller's data is disorganised, incomplete, or held in various locations (sometimes in different countries). A well-structured virtual data room (VDR) with a clear index can expedite the process.

Scope of Due Diligence: Due diligence in O&G covers financial, legal, operational, and technical aspects (e.g., reservoir data, production metrics, environmental compliance). The depth of investigation required by the prospective partner will affect the duration.

Regulatory Approvals: O&G transactions are subject to significant governmental and regulatory approvals (e.g., from the North Sea Transition Authority in the UK, or national oil company partners). These procedures can be bureaucratic and time-consuming, sometimes taking months to secure necessary consents for licence transfers or field development plans.

Third-Party Dependencies: The need to negotiate transitional service agreements (TSAs) or align with existing partners' requirements can introduce additional time.

Quality and Granularity of Data: Investors or partners will analyze the data room information to gauge asset value and risk. High-quality, reliable data (e.g., detailed well data, financial models, production forecasts) is crucial for a smooth process.

External Factors: Geopolitical risks, market conditions, and legal factors (e.g., land ownership, local content regulations) can all introduce uncertainty and potential delays.

Typical Stages and Timelines

Document Preparation: Compiling all necessary documents and setting up the data room index can take several weeks or even months.

Due Diligence Review (Data Room Phase): This active review period typically ranges from 30 to 90 days, though it can be shorter for simple transactions or longer for highly complex ones.

Final Negotiations and Closing: After due diligence, final negotiations and securing all approvals (governmental, partner, etc.) can take a few more months to a year or more, depending on the number and complexity of conditions to closing.

Afternoon Folks,

As i deal with sizable business's day to day & have dome for over 25 years ( in finance sales ) lets get a few things straight please re various points with ZPHR / News flow, which applies to all business negotiations in any sector.

CH & the BOD have NO control of the day to day SP movements. As we all know & this has been true for 4 years, the volume traded in ZPHR day to day is tiny compared to shares in issue. Therefore, even if you're average person ( like me ) decides they've had enough & sell or closes their spread bets, whether forced or not, say 7m shares over 3 days, then no surprise, we drop from 3p to 2.5p odds. However, someone has Bought those sold shares & has got a damn good deal. Does the selling & the drop mean there is an issue?. 1000% no on that front.

We have II's who are in for £10m at 3p, & other large investors in at higher levels. So my point is, lets ignore the pitiful day to day / week to week rises & falls.

CH & his investors imo had / have a 5 year exit plan here. Hence the day to day SP means nothing to them. It only frustrates small PI's like us who dont have that 5 year exit plan. Some want gambling profits from a 6 month IG option, which if this goes south at the 6 month expiry, they are "forced|" to close / sell, likely at a loss. Or stump up extra margin requirement they dont have ( same goes for buying the shares on short term credit / margin. I feel there is a hell of a lot of those kind of nonsense short term traders in ZPHR.

If you are a genuine holder of "paid for" shares in ZPHR, then if you cant see we are in a very strong now & position going forward, then you need help. Only a desperate short term trader/ spread better would be selling now

IMO the data room / JV process or even a sale could take 3-6 months. Not to mention all the associated permits / planning etc etc ( which is all normal ) in O & G. ZPHR have massively derisked the Paradox on several fronts. An outstanding world class CPR is now in the public domain. We are well funded with II's paying 20% more for £10m than the current SP.

We all talk of more communication etc etc . However, as CH has stated to a BB member last week, they not release generalised communications at this stage. WHY?..... because they are in highly confidential corporate sensitive talks, which cannot be made plain in the public domain. Talks, i fully suspect with some very big players, who will keep a very very tight ship & tight lip now & going forward.

If you believe in everything we have achieved to date ( ie the Proving up of the Paradox ), then sit back & let the work be done in the background. I like others, believe CH never really intended to get the 3 x wells online under his own steam etc etc. It was always always a corporate exercise in proving up a drilling concept in a highly productive basin ( which as been achieved very successfully ), then firming up a substantially higher CPR ( job done there ), then JV /sale.