Member Info for papaduke

The question is, does CH mean as "quickly as possible" in the context of the british roadworkers meaning of ASAP or hopefully the Japanese / German workers meaning of as soon as possible?. There is a very marked difference in those contexts re time .

"It should be noted that the Company's primary goal is to deliver production and returns from the Paradox project as quickly as possible.

Ps, for better or worse, i bought more sub 3p ish this am. I'll review in December ish

I know we are all frustrated & rightly so. However, taking it as the glass half full, they can now be no more excuses or delays from this CO. PD concept proved up and successful. Every single Duck & his dog & cat are all lined now & now after todays placing, more coffers to nail all these ducks , cats & dogs firmly in.

This talk of crypto is just plain daft. We want tied into the Dominion pipeline & receive hard cash $$$$'s for our gas, not worthless / meaningless bitcoins??.

Now you have plenty more money CH, get the gas infrastruture etc sorted asap and get monies coming in please. These talks with Industry investors or corporate partners must be the longest talks in history, a new record no less. I would have thought all these discussions would have been largely done & dusted 3-6 months ago, so when 36-2 firmed up, it was just a matter of signing the deals surely??.

Regardless, what they achieve on the ground in the next 1-6 months will define this Co going forward. I've said this many many times, time for talking has definetly finished, close the deals off now CH for the PD development & all our wells online. All this talking about the same stuff every few months is like having 2 feckin parrots on my shoulders. Decisive ACTION needed NOW please or the parrots will getting fed to my cats.

Fair whack of trades today, no surprise. A fair few over 1m as well. Always hard to gauge with ZPHR the buys & sells. Things will settle down over the next few days & weeks. Surely we are now due a complete raft of positive RNS's here on in?.

Use of Placing proceeds

The gross proceeds of the Placing, which are expected to amount to approximately £5.3 million from the First Placing and at least £4.0 million from the Second Placing, as well as up to £0.7 million from the proposed Director Subscription (in aggregate, approximately £9.3 million net of expenses), will provide the Company with additional capital to finance:

(i) the cash consideration of US$7.3 million (c. £5.4 million) under the Proposed Acquisition of a diverse pool of accretive, producing assets in the core Rocky Mountain basins, U.S. with the potential to generate additional drilling activity funded by Zephyr's partner, a U.S.-based capital provider focused on the upstream energy sector; and

(ii) an estimated £3.9 million of incremental near-term CAPEX and working capital associated with the Paradox project to deliver a pathway to first gas, including well costs, well workovers, P&A costs, the commissioning of a new CPR, additional acreage leasing and near-term infrastructure, as well as gas processing CAPEX.

Any additional net proceeds from the Placing, including the Director Subscription (as defined below), will be used to supplement the Company's working capital, to fund additional Paradox project CAPEX and/or to fund further acquisitions in connection with the Company's non-operated asset portfolio.

It could just be as simple that because they've cracked the PD code, the whole ongoing development has just become a hell of a lot bigger, hence some more funds in the coffers. & the raise gives then 400 wells & 400 BOPD. Slight short term pain, but plenty of gain to come.

If would be handy to know who the "NEW" investors are. Any of us can buy today at 3p odds, so what a time to add heavily

"Net proceeds from the fundraise will generate immediate accretive production while also providing a path to first cash flow at the Paradox project. The result, following the highly successful State 36-2R well drilling and production testing operations, puts Zephyr in a position of real strength as we move to formalise dialogue with potential Paradox project infrastructure and industry partners. Further, it comes at a time when we believe we have "cracked the code" for a highly commercial future development of the Paradox project.

Thus far, no one has commented on WHO the "New" investors are in this placing. will we see a TR1

"It is anticipated that there will be considerable news flow as we progress through this exciting period. Updates are expected to include an updated independent Competent Person's Report ("CPR") on the Paradox project, deployment of initial funds from our strategic partnership, updates regarding discussions with industry and financial partners related to the acceleration of future development of the Paradox project, and the finalisation of infrastructure to enable us to secure sustainable production from our Paradox project wells.

I agree RD. lets move swiftly on with plenty more positive news please CH

Dont forget, although a wee placing, we are gaining 400 wells and 400 barrels a day & the BOD are participating.

They are back at each others throats again. No surprise.

https://www.bbc.co.uk/news/live/cn7ze4vmk2pt

1000%. the middle east will only get much much much worse. Iran & Israel & the trump are fruit cake madmen. Gloves off. Oil over $100 soon enough

Not so Pete. I've held for 4 years. My simple point is, the current O&G climate / Trump / middle east etc are as good as its gets for a co like ZPHR, who now have 3 x wells to tie in & many many more to follow. So can we just get on with it please!. Its a shoe in

Hic nothing, its the truth. Get it sorted out CH.. now

SELL ZPHR now CH, strike hard while the iron is super hot. THERE WILL BE A BETTER TIME BETTER THAN THIS !. Give us SH value CH!. Its staring you in the face.

The value of our assets & PD success has and never will be again so astonishingly high in this climate CH. Sell this Co now asap for 20p a share. Drive on Sir for the love of god. 3.60p Sp just now. WTF!!!.

Https://www.dailymail.co.uk/news/article-14836175/Iranian-government-SHUT-Strait-Hormuz-closing-20-cent-global-oil-gas.html

Get the deals done, wells online & a MASSIVE PD JV sorted now my friend. Its the very best climate for ZPHR to thrive in human history. Get it done NOW!!!!

It will be heading over $100 soon enough. Come on CH gets the deals done, wells online, cash coming in and SP much much higher. Now or never. In this O&G climate, it should be like taking candy from a baby x a 1000

Indeed. Also the Israeli's will never hold back, ever. Look what theyve done in Gaza to women, children, so called safe camps and hospital. Iran will not be spared in any way

Crude i& natural gas are only going one way & that's way up. Middle east crisis is sadly only going to get much much worse. The Israeli's are madmen and so are Iran, so its going pear shaped in a big way.

Do the deals CH & now