Member Info for papaduke

QL, i agree. As always it depends why any of us hold ZPHR, our timescales for holding or whether you are just trading it. I'm pleased this funding monkey is off our back now. Its a damn hard market out there, so imo CH has pulled off the best overall funding he could for the long term benefit. We are buying a shi...t load of producing wells and really going to kick on all over the portfolio.

Would you rather the deal fell through and we went round in circles all year.I dont think so.

Keep in mind, the initial £10m placing last year odds was at 2p, and we pushed on to 7p+. Now its a 5p placing for producing assets, not wildcat drilling. CPR will push us on, we are only just begining our ZPHR journey. Onwards and upwards for 2022 and beyond.

Nothings perfect in business or in the market, BUT i fully believe if we look at the big picture, todays news takes away any funding uncertainty and allows ZPHR to really kick on and we all want that. We are onto a winner here, Rome wasnt built in a day.

Patience, let the BOD and CH do their jobs.

Hopefully a slightly more stable day today. Been a bit painful of late. Albiet, daily volumes have been tiny for these red days.Just small churns of PI's, traders / spreadbets. Tyndalls bought more in the mid 5p#s and the early 6p's from memory. Remember, CH and the BOD have stumped up a NO REFUNDABLE £3m deposit from their own fundsfor the aquisition!, if the deal takes longer to to complete, then so be it . Ignore daily swings, pateince required here. They didnt let us down all of last year. A professional operation, but deals / due diligence of assets take time. chill

Apologies, had a v busy month with work & things at home, hence no posts. All fine my side. Havent sold any, just patience required. TheBhoys thanks for the feedback. In CH we trust.

Folks, i agree all round. But can we just get and stay above 7p / 8p for starters. We are still lower than in May 2021 before the utter miriad of wonderful RNS's since then. Incredible really.

Massively frustrating. Need some Pure Gold RNS's one after another, that add value and show clear EBITDA etc and the CPR to then allow the Market cap of ZPHR to be re rated or better still bought for cash.
We also need much much much higher daily buying volumes and significantly more liquidity to buy and sell at will. only then will we start to climb much higher.

Exciting times ahead, no question. Malcy says a 5 x bagger this year. I'd take 15p all day long, considering how utterly static the price has been now for nearly 8 months. POO is utterly flying again too, come on ZPHR ffs catch up, thank god POO isnt at $30....

Cash sale would also work for me. I still hold all my SIPP & ISA shares. GLA

Afternoon, Happy NY to you all!. Here's to another transformational year for ZPHR, so much going on, its hard to keep up. I still hold all my shares in the SIPP and some in my sons ISA. I'm holding out for 15p-20p, whenever that arrives.

I get the feeling there is a buyer in the background. I will be very interested to what how many late reported larger buys there showing either after hours today or tommorow ( dated today ).

Best of luck to all holders. Really looking forward to another year with ZPHR

I can see a rocky few weeks ahead & well into January for all the markets. Bound to have more lockdowns worldwide as Omi spreads. ZPHR will be fine long term, but as the MM's have been doing ALL year, the SP will go up and down. I suspect a false rise today to drag in buyers, before a drop back towards 6p over the next 2-3 weeks ( holiday period aside ). I work in finance , so i know that any funder will be half asleep now until mid / end January re closing this deal off for ZPHR

Its incredible that theyve dropped the ball for the 1st time this year. Timing is dreadful too. Market / MM's will feck about with the price now for weeks until any update later in January. I'm amazed they funding deal wasnt done weeks / months ago, so it was just a case of signing documents. All creates uncertainty, which we just don't need. Don't forget, funders are always slow in January. I can see this dragging on until late Jan. C19 latest virus worries / lockdowns again will not help our cause short term.

I also find it astounishing that the market has dropped up 5%-15% over a few days in recent times on nothing but good news. Now on short term poor news, it drops only 3% odds in the wake of Omicron etc etc / delays. How does that work then ?.

Either way, i will continue to hold until value plays out next year at some point. Highly frustrating

Sorry, i meant NOT higher than in June in th elast paragraph of my last lost.

TKIA, i say 15p-20p as i just want value now within 3-6 months. Frankly i thought we would be near 10p months ago, let alone after utter raft / miriad of great newflow in recent weeks / months. I cant even sell my shares at 7p ( Its NT with HL after a crappy £25,000 sell for me ). let alone wait for a £500m market cap. Its just all starting to drag on a bit ( the SP i mean.). The SP for whatever reason just will NOT keep pace with the newslfow, / results and more importantly the huge growth that WILL come here. We need several II's to get on board here.

I/m just saying, imo the hardest / riskiest work time has come and gone this year for ZPHR, we should / very much need to strongly drive this ship, good and strong & hard. Promote the feck out of this Co in the US and attract some serious serious buyers who will gladly pay at much higher levels than 7p. We are lower than June levels and thats just NOT right in anyway.

Just all wrong, hugely frustrating. I keep everything crossed that CH has sorted a highly advantangeous funding deal for the latest non ops purchase and no placing of any kind, we dont need or want any dilution. We also need a massive JV for PD to drive on good and hard 200 wells across the acerage. Lets get it done.... now, right. Close this deal off.

Lets get this share price motoring on away from the same price we've been at for 6 months now., its been farcical how its traded sideways despite, so called transformational updates.

GLA, i wait patiently for more transformational news this week, pre the 22nd close date for funding.

100% agree. Its all been pre arranged imo. They have known for 5/6 months that PD would prove up, its was only just a matter of very careful planning / drilling / completion etc. Afterall their various partners on the ground and in the labs are the best in the world. Question is, where will the SP end up in 3-6 months time. Surely surely we should be re rating soon. The other main issue re the SP is frankly the real lack on meaningful daily volume to really drive the prices much much higher. Aside from edale selling and Tyndalls buying, its really just the same old PI's trading a few shares here and there.

ZPHR needs much much more liquidity NOW and some serious regular buyers. The other things that needs adressed urgently is IF those want to SELL a large amount of shares at the drop of a hat, It isnt easy to do that. If i went online to tommorow at 8.05am to try and sell 3m shares, NO Chance, likely only 300,000-400,000 if i was lucky. This situation therefore PUTS OFF larger regular buyers imo, as its hard to sell anything more than £50,000 of shares quickly.

All good challenges to have, but it needs fixed. OR perhaps this is how the company wants it to be, so they can keep the SP under wraps sub 10p while a sale price is agreed with the largest holders. The more this drags on, the more i think that is actually the truth. I'm now certain of that. We have just been churning crappy amounts of shares for the last 6 months and thats suited the BOD & CH and potential buyers of the CO / PD assets.

All said, very exciting times ahead all round. I would take 15p for my shares over the next 3 months....

PS. Malcy if your reading this, could you consider an article on ZPHR in which you give your top 5 reasons why we are now higher now than in June??. You always say the Co is very undervlaued, BUT you never tell us specifically WHY it is undervalued?. So WHY is it??.

Cheers

Northern, my view would be that the whole point of the revised upgraded CPR to come on the whole acerage both Non OP and operated would fully take the 16-2 results into the mix. Surely the CPR for the PD development to come will be based on the pro rata success at the 1st concept well at 16-2. Its was this concept well ( HSP lateral drill ) that needed to be proved up and producing, so that the entire PD acerage could then have a meaningful CPR built around that success.

Hence the big numbers to come, likely JV and or a buy out. CH wants to package the entire portfolio up and then sell it to the market and potential JV / buyers in the US. ( i would be amazed if this hasnt been getting organised behind the scenes all year . Afterall that's why CH and the BOD bought the PD assets, was to firm up proven production ( at 16-2), so they could then sell the entire business as a package. I dont mind how they do it or with who, i just want 15p-20p a share for my 6.94m shares and sometime soon please....I am still stunned that we are still NO higher now than we were in June without any of the last 6 months of RNS's / outstanding progress. I'm beginning to wonder if CH, the BOD and other largest shareholders havent already done a deal for the company behind the scenes at a certain price per share. Would explain the sideways movement now for 6 months, DESPITE, in CH's words, transformational news in all the latest RNS's weve had. Sadly those words havent got any any higher.

Could explain to us mere II's as to specifcally WHY WHY WHY the market doesnt reflect what he and many others believe is a fairer current market CAP for ZPHR, given the utter miriad of outstanding RNS's we have had not just today but frankly all year.

So Malcy, what would be worth reading / digesting even more than your positive comments todays, is exactly WHY WHY WHY you believe ZPHR valuation isnt much higher than 7.8p.... Can someone please email him and ask him to give in his 30 years experience in O & G as to WHY the market isnt valuing ZPHR properly. WHY Malcy and indeed while we are at it, Proactive investors, Flagstaff and moreover CH and the BOD should gladly answer that simple question. WHY ??

Its a really strange one, really strange. WHY ???.

I've cut and pasted M's summary below. Extremely positive as one would expect from such an oustanding RNS.... again. HOWEVER, my total frustration is that when M's says, "As I write, hasn’t pushed the share price up by anything like as much as I had expected".... NOONE, not even Malcy has actually explained the 6 Million Dollar question, WHY oh WHY hasnt the share price gone beyond 7.5p odds, despite a complete miriad of superb progressive RNS's. And please no one say, ah well its gone from .5p to 7p, we know that. BUT its always been worth 6p-7p on the current production alone. So Paradox production and development and the latest 166 well purchase last week, are NOT priced in, not even close. We should imo have been over 10p on the 16-2 initial flow rates. D

With so much detail above both from the RNS and the CEO’s comment there is little I can add but what I can say is that this is yet another fantastic deal which, as I write, hasn’t pushed the share price up by anything like as much as I had expected.

In one fell swoop Zephyr has landed a significant low decline production package, excellent exposure to 18 DUCs and a further 40 PUD locations I expect to be drilled up in medium term. The locations are completely interspersed/intermingled with current Williston wells, and all are operated by Whiting. They are an ideal fit, and will provide much more fire power from which Zephyr can accelerate the Paradox without further dilution.

The deal will more than double existing production and more than double cash flows for the next year. And given the PDP value already created since the initial DUCs have come on line (none of which were funded by debt), they have sufficient value from which to conservatively lever up the asset (1.6x debt/ebitda) and fund the deal without dilution.

Zephyr are acquiring these assets remarkably cheaply, 2.1x forecast EBITDA with considerable upside and add to that the low opex of below $14/bbl gives excellent cash flow margins, what’s not to like. Zephyr management are as I have always said are exceptional and this deal propels the company further upwards, only last week I described the company as a ‘landmark’ company and that the share price should continue to increase substantially, my views have only got stronger as a result of this deal.

At the end of CH's flagstaff interview, he said, "Now the Real Work will begin and we look to push on the development "QUICKLY"..... CH and the BOD have been planning and waiting for this last tick in the box all year at 16-2. The money men in them will now go into 8th gear to drive on with development. Thats the whole point of them investing here from day one. That day has come.

Its the time CH and the BOD have been waiting for / investing for.... Oil from the 16-2, now allows the real job of shareholder gains to begin.

They are money men, M&A men,this moment is their expertise / core business, attracting Investors / JV for PD, now 16-2 is nailed in and the lateral drill / completion technique has been proven..... this is their holy grail moment from here on in....

Its all there staring us in the face. A JV to come imo in some format & other larger investors imo.

CPR and development plan by EOY imo.

Dont forget, CH and the BOD have been planning for this time development of PD for over 12 months, they just needed to prove up 16-2 to push the button on the ongoing development.

Patience required... All very good

Apologies on the last post. I did have paragraphs in the last post, they have disapeared. Sorry!>

Morning, apologies, didn't post much last week, too much going on at work.Truly Outstanding news last Thursday, a complete game changer for ZPHR now and going forward. Massively de risked now. To be fair we were fairly de risked before the 16-2 results, given our current production. But the wonderful success at 16-2 now paves the way for a mid cap O&G to be become reality, no question.Couple of thoughts.1. Last weeks RNS should attract more buyers on both sides of the pond, both II's and PI's imo. Ie we are now walking the walk on paradox production and future development, NOT just talking the talk re paradox. BIG difference !!2.Although the SP should be stable / rise / and the shares be in stronger demand than ever, the market will STILL need ( which will come by EOY) to see a Fully updated CPR report, final flow rates from 16-2, sorting of any onsite logistics / storage / short term challenges ( which will be easy to fix compared to drilling a successful 4000 feet lateral!!.)..... More importantly the market will also NEED to see how the BOD intend "Financing" the development of paradox. This is now full reality given the 16-2 success..... They may be able to fund some wells from current / future cashflow, but not a 30-200 well development. A great challenge to have though and CH and the BOD live and breath for this financial deal challenge, its the reason they bought in to this..... Create massive shareholder value....3. The market will also need to be CERTAIN that there will NOT be a naughty placing to fund the PD development. We all know that CH would never sanction a placing to dilute himself and us,as they have Corporate funding options and or JV options. BUT UNTIL those Development Financing options become FIRM REALITY in the form of an RNS,the market as always will be cautious. I'm not concerned, CH is an expert deal maker and i'm 100% certain the options for financing of paradox development has been worked on all this year, waiting to press the button.....4. Now that the 16-2 has been proven successful and producing, CH can now go 1000% full steam ahead and launch the ZPHR story to the US market / II's / PI's in the same outstanding way he has done all year to us UK / European investors this side of the pond. Please remember, NO new shares were issued when they dual listed in the US, therefore, if we get even a slightly higher demand over there ( i expect significant demand going forward )then this will all aid stronger buying demand and hence higher prices. Frankly, after last weeks RNS, NOONE in their right mind should be selling a single share for at least 12 months, if not 24 months.Overall then for me, last weeks RNS has picked the paradox lock and opened the door to the yellow brick road to King Solomons mines. Or in this case 1 billion barrels of oil. It's completely outstanding what CH / the BOD and all their team on the ground this year, superb.

The ONLY reason i can see that the market is nervous of......... is that CH might actually be Borat in disguise??.... lol.

The market are feckin utterly useless........ hopeless bast......s all of them.

A week ago ish, we were at 7.40p odds..... Now the holy Grail l RNS comes in giving Utterly transformational news that the market / II investors and us have been waiting 12 months for after a constant series of exceptional RNS's and operational green lights and yet........ we are still even now LOWER than we were a week ago or even YTD highs.
Why oh why oh why????.

Just makes you want to not invest anymore, whats the point. The market and II's are simply not rewarding highly significant success, business acumen, outstanding management and an truly groundbreaking money making long term asset.

WHY??????

100% agree on that blissful. I would comment by saying, they are in no rush. the 4005 feet odds were stimulated in 14 places on the lateral. My point is they need to take their time, get it right and then announce flow rates etc. When CH said a "few" weeks, i took that as at least 3 weeks, maybe 4 weeks. Makes no difference. We must believe in CH and the team on the ground to deliver, as they have done every step of the way this year. Don't, CH & the BOD are big shareholders, so its crucial they get this final stage right. I haven't sold any of my shares, its nerve racking i grant you, but the job they have done this year is nothing short of exceptional at every level. Added to that Tyndalls buying 750k more in the 6p's affords me great confidence in ZPHR now and going forward. A hell of a lot of people will look very stupid if this doesn't flow right!!.

GLA.

Post from my alter ego on ADVFN...,All fine, just impatient i guess!........

POO is totally flying North AGAIN..... pity we are not following suit given our end product's profit margin is sky rocketing daily.... Makes you wonder where the SP would be if POO was at $40 a barrel, even though are break even / commercial B/E is much much less than $40 a barrel.

Highly frustrating indeed. Sooner this Gorilla on our back ( 16-2) produces commercially the better. Really need to move on with the CPR and wider field development. Time to really drive on ZPHR, lets kick the arse out of it and soon.

More late reported trades from the 2nd. And the smoke and mirrors continues.

-Nov-21 14:01:33 6.715 400,000 Sell* 6.60 7.00 26.86k O
02-Nov-21 10:17:01 6.715 500,000 Sell* 6.60 7.00 33.58k O
02-Nov-21 10:17:28 6.85 500,000 Buy* 6.60 7.00 34.25k O
02-Nov-21 15:55:12 6.90 780,000 Buy* 6.60 7.00 53.82k O
02-Nov-21 13:27:39 6.80 500,000 Unknown* 6.60 7.00 34.00k O
02-Nov-21 10:12:58 6.90 500,000 Buy* 6.60 7.00 34.50k O
02-Nov-21 10:06:26 6.95 1,000,000 Buy* 6.60 7.00 69.50k