Member Info for papaduke

9m warrants excercised, RNS out. CH said a last monday ish that test results would be a few weeks away. So my take is circa 3 weeks from that. So end of next week or beyond. They are hardly going to rush things now after all their efforts. No need to any way, no rush. Take your time and get it right. We have the best team front and back of house imo, patience required.

Grahamesme. I not saying your theory is wrong. However, ponder this. I first bought ZPHR this year in Feb circa 2.4p and bought / sold / top sliced and bought back in over the last 10 months. I now have 6.94m shares in my SIPP. Average circa 4p-4.5p ish. My point is, re buys vs sells and the movement of price. I can honestly say, that nearly all my buys this year ( sometimes buying £50,000 at a time, have always shown as SELLS both on here and ADVFN. My point is, i also believe the price is being managed. Who knows day to day what are buys and what are sells.... Its all smoke and mirrors.... Daily volumes in general are less than my own personal holding, so in the scheme of things, we are barely out of the station on our journey. The action doesnt really start UNTIL the 16-2 is firmed up, revised CPR is out there and the ongoing development plan inc funding / JV of that is public knowledge. Moreover, when the US market in ZPHR shares picks up and the actual liquidity of ZPHR shares improves hugely and i mean hugely. I should be easily able to buy or sell £100,000 worth at a time and i cant and haven't been able to all year. This needs to change and i believe it will in the next 3-6 months.

Don't forget, this is the AIM and shares can and are managed, in particular when NMS is very low and liquidity is poor, both apply to ZPHR for now. Its all part of the game.

Best of luck with your holding, you're in safe hands with CH and the BOD imo. Tyndall's spending £750,000 more of their clients money in the 6p's recently ( 9% now ) is more than good enough commitment from professionals / insiders. for me be able to sleep at night.... Its not IF but WHEN ZPHR continues on the next few legs up. Patience required, thats all.

I agree, its becoming a much longer term hold for me too. But lets get to 10p first on the back of solid flow rates from 16-2. One step at a time. We cant even hold 7p for long. Need the flow rates to be solid / CPR to be outstanding and as CH mentions, " a revised CPR for Investors to see".... ie A JV or similar on the back of that CPR going into 2022. Its those points that will drive us in new double figures territory, IF they can run with the ball and score.... I fully believe they will. Fingers and toes crossed.

great post, many thanks. Accurate summary i would say. Very interesting months ahead. If anyone can push us forward quickly with funding / JV, its CH and the BOD. Of that i am certain.
Beast of luck with you position here. I've held since January 2021

daft question. The RNS today, talks of one well being planned for cane creek in 2022 etc etc. Where does this leave us re the potential 30 wells in cane creek alone and 200 in total potentially across the paradox acerage??. Am i missing something?. Or is two wells the number they needed to comit to as a minimum to sort the single federal unit for paradox??

Thanks the Bhoys, i agree 100% with you.... Flow test results CANT come quick enough now.... Also note in the wording below.... by "ONE OPERATOR"..... ZPHR aren't really a stand alone operator as such, they will need a JV with "One Operator " for the whole acerage OR ONE Operator who is also the owner of the whole acerage after buying it from ZPHR.

Also, this will now be the mother of all upgraded CPR's once its finished and out there. Very busy and exciting times ahead. I feel single figures will be history at EOY.

The objective of unitisation is to provide for the unified development and operation of an entire geologic prospect or producing reservoir so that exploration, drilling, and production can proceed in the most efficient and economical manner by one operator."

The bhoys, i like you fully believe its being T'd up for a full sale. Yes, thats might take 18-24 months. They are clearly lining up all the ducks / ticking every single box. CH and the BOD are O & G men, but also very much M & A men, theyve bought ZPHR to extract max value for all shareholders inc themselves. A very simple concept really.

Its not IF BUT WHEN its sold and for how much imo. Afterall, thats why we are all here, to achieve the largest return for our shares as possible. Brakes will be off, cat out of the bag once we have see 16-2 results imo.

ll good. From the RNS today. Ask yourself. WHY would ZPHR go to the trouble of securing this and WHY would the BLM go to trouble of approving this, IF there were no production to come now and or going forward on the entire Paradox acerage. The simple answer is, neither would waste their time....I like the words, this allows the MAXIMUM recovery of production from the reservoir.

The BLM defines a Federal Unit as follows:

"A unit agreement is for oil and gas exploration, development and production for separately owned leases and interests within a set boundary. The entire unit area is operated as a single entity, without regard to lease boundaries, and allows for the maximum recovery of production from the reservoir. Costs are reduced because the reservoir can be produced by utilising the most efficient spacing pattern, separate tank batteries are not necessary, and there is no requirement to drill unnecessary offset wells. The objective of unitisation is to provide for the unified development and operation of an entire geologic prospect or producing reservoir so that exploration, drilling, and production can proceed in the most efficient and economical manner by one operator."

Note the words below, in particular the all important word "COMMERCIAL", who said it was commercial yet??... That's because they know it's commercial.

"This approval is a direct result of the successful operations completed on the State 16-2LN-CC well to date, and means that we now have a strong framework from which to hold our lease acreage for the medium and/or long-term. I'd like to thank the BLM and SITLA for working closely with our team over many months to form this Unit - it's a major step to enable the future development of the Paradox project in a systematic, commercial and responsible fashion.

Interesting read and summary. Fingers crossed for us & ZPHR!

ttps://www.ukoog.org.uk/onshore-extraction/drilling-process

The main take from my last post is are the words from the 6 month report - test result s"2-4 weeks later".... It was always going to go into November for the test results. Not an exact science. Its 4000 feet to be slowly cleaned up and tested. No rush at all. Relax. Tyndalls bought another £750,000 in the 6p's, thats all i need to know... Gives them 9% now.

See
Following the decision to proceed down the HSRP completion route for the State 16-2LN-CC well, final completion design work is underway with plans for a completion crew to be on-site during the second week of October. Completion operations are expected to take less than a week and production testing is envisioned to commence shortly thereafter, with initial flow tests and results expected two to four weeks later.

that CH had said recently they should have test results by the end of October. Perhaps a little optimistic given the obvious scale / size of the project. Whether its a week / 2 weeks or a month makes no odds to the investors in ZPHR. If you're trading it in an out of RNS's then more fool you and best of luck. Although, i seem to remember an RNS a month ago, saying test result would be in November, which would tally up with todays a few weeks away. No matter. all looking very good imo

Ezhik, the current market cap is supported by the current net production of 500 barrels a day and growing from non operated assets!. 22 more non operated wells to be on stream march 2022. Water is used in the HSP process. Paradox isnt factored into the current SP in any way.

Tyndalls added £750,000 in the low 6p's, taking them to 9%, thats all any of us need to know.

This is a truly outstanding "First " for this part of the paradox basin. As per my earlier post, its the feckwhits with their sub £1000 trades that decided to exist on a loss or a profit after the spread of £13. Pathetic really!.

It does make me laugh when i look at the trades so far this morning. Its as if a bunch of 10 year olds with a jar of their pocket money have sold / bought!. These crappy shrapnel / dog **** type spread bet £400 / £150 trades are laughable. Why people bother i just dont know. They must be loosing money on the spread alone??.

MM's must love these days, just idly taking money off fools.

I think those small sellers need to take the view of Tyndall ( award winning small cap fund manager ) who added another few % in the 6p's ( circa £750,000). If its good enough for them at those levels & amounts, it should be good enough for any of us small PI's.

Pass, by all means email CH and ask him. I believe he does return PI's emails. Albeit he will be a tad busy at the moment!. Either way with POO near $86 a barrell, it can only mean more net income for ZPHR vs the original economics 10 months ago.
I do get confused by the share price reaction, when its very clear to all that the "First " Successful HSP completion of a lateral well in this part of the Paradox basin is truly outstanding news and a brilliant achievement by all at ZPHR and their partners. Frankly its staggering for a company of our size...We will get various interviews / comments from Pro active / Malcy / Flag staff etc etc in the next few days. I don't doubt a cracking interview with CH too.

May well get further RNS on other ongoing newsflow in the coming days / weeks too, aside from production testing.

We have come such a long long way this year and De risked so much too. I am certain our production rates will be very solid if not exceptional. Looking forward to further posts on this board with views and ofcourse O & G industry comments over the days ahead. Its big news given its the first time this type of HSP completion has been successfully done in this part of the basin. Outstanding really.

no worries, its been such a busy year for ZPHR, its hard to keep up with all the news / previous RNS's all this year. I find it a good idea to re read many of the RNS's / videos this year to refresh now and again and in particular as we are now on the cusp of much of those previous RNS's coming to pass / reality!. I hope!!
GLA for the week ahead, exciting times.

Link and commentary re the BOPD for the 16-2 lateral etc. 780 BOPD listed

Dug this all out from the original RNS in Feb / April 2021
https://www.investegate.co.uk/zephyr-energy-plc--zphr-/rns/presentation---updated-well---project-economics/202102111748498702O/

potential side track lateral on the State 16-2 well (the "State 16-2LN-CC") is forecast to have strong economics as a standalone investment. Utilising production profiles generated from Gaffney Cline's CPR, and updated with a $55 per BO and $60 per BO prices, the Board estimates the lateral side track could generate the following on a 2C basis:

Initial gross oil production rate: 780 barrels of oil per day

Estimated Ultimate Recovery: 550,000 BO and 1.8 billion cubic feet of gas

Return on Invested Capital: 232% at $55/BO; 314% at $60/BO

Single well net NPV-10: $5.7 million at $55/BO; $6.7 million at $60/BO
The Board believes that the Paradox project has the potential to be a project of considerable scale versus Zephyr's current market capitalisation, and the drilling of the State 16-2LN-CC side track lateral would be a major step forward as Zephyr seeks to unlock the considerable potential value of the project. The decision on whether to drill the side track lateral will be made once the Company has full results from all of the data acquired, and the Board currently expects to be able to make

From the Zephyr website today. Same images as in twitter, EXCEPT, notice the words Production Testing underway. Completion of the well a success then??. see below from the images section
State 16-2 well, Utah, October 2021
Images from the site as" production testing" gets underway. Click to enlarge, to close enlarged image.

to be fair, anything could be orange. A Genie Generator / a Water bouser / a Shipping container / A piece of general plant & machinery. Maybe its a giant Pumpkin for Hallowween??. Freddy Kruger's jumper?.
If its OIL / Gas related, then either way, all good.