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Thanks Morbox - much obliged.

Where should I be looking for when the news is released by PTRB?

Malcy’s blog today : “As expected Zephyr has already kicked on with production from the Williston Basin and also hedged just under half two years worth of estimated flow. The shares have significant upside from here especially with drilling to come from the Paradox Basin later in the year.”

On Docketbird this morning dated 12 April 2022 - the first filing since 1 July last year - the game is afoot again! “NOTICE of Attorney Appearance - Pro Hac Vice by Tianyi Tan on behalf of Nanoco Technologies Ltd. Filing fee $ 100, receipt number 0540-8872343.”

From yesterday’s Turner Pope Research note: The Board also expects to be in a position to release results from its much-anticipated Paradox Basin Competent Persons Report (‘CPR’) in the coming days. Assuming this is delivered in line with expectations, along with the fact that the original economics of the Acquisition now look to have been particularly conservative, there appears to remain fairly substantial upside on the Group’s current valuation.

Malcy’s take: This is yet more exceptional news from Zephyr who within weeks of completing the Williston Basin acquisition have announced net production of 1,643 b/d, a record for the company. Of this c. 80% is oil and it provided total cash flow of some $6m net in March from the 185 wells available for production 7 of which came on in Q1 and 16 which are due in the next 6 months.

This cash flow was bought to finance the drilling programme at the Paradox Basin but before the recent oil price move which has made it all the smarter. The CPR is due before long and I too look forward to that and without presuming anything I imagine that in a short space of time the Zephyr portfolio will look very smart indeed.

The shares are creeping back up towards 7p after spending a couple of months at around 5p which was understandable indigestion post the raise for the deal and with all of the doubters off the register the shares are now ready to motor, and motor they will.

Share price up 20 pct at the moment!

…….. "Russia may intend to use Iran as a route to bypass Western sanctions. A written guarantee allowing Russia to do so is probably well beyond the realm of what Washington can offer in the midst of a full-scale war in Ukraine," said Eurasia's Henry Rome.

Also supporting crude prices, the closure of Libya's El Feel and Sharara oilfields resulted in the loss of 330,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Sunday. Libya, an OPEC member, produced about 1.2 million bpd of crude in 2021, according to U.S. energy data.

In the United States, meanwhile, the average price of a gallon of gasoline hit $4.009 on Sunday, according to AAA, an automobile association, which is the highest since July 2008. Consumers are paying 40 cents more than a week ago, and 57 cents more than a month ago.

Senior U.S. officials traveled to Venezuela on Saturday for talks with President Nicolas Maduro's government, seeking to determine whether Caracas is prepared to distance itself from close ally Russia.

Oil price set to surge further on delays in Iranian talks

Oil price set to surge further on delays in Iranian talks
FILE PHOTO: Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
06 Mar 2022 08:33PM (Updated: 07 Mar 2022 02:24AM)
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NEW YORK :Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.

Talks to revive Iran's 2015 nuclear deal with world powers were mired in uncertainty on Sunday following Russia's demands for a U.S. guarantee that the sanctions it faces over the Ukraine conflict will not hurt its trade with Tehran. China has also raised new demands, according to sources.

In response to Russia's demands, U.S. Secretary of State Antony Blinken said on Sunday that the sanctions imposed on Russia over its Ukraine invasion have nothing to do with a potential nuclear deal with Iran.

Last week, the Brent benchmark rose 21per cent to close at $118.11 a barrel and U.S. crude gained 26per cent to close at $115.68, levels not seen 2013 and 2008, respectively, as Russia struggled to sell oil amid fresh sanctions.

"Iran was the only real bearish factor hanging over the market but if now the Iranian deal gets delayed, we could get to tank bottoms a lot quicker especially if Russian barrels remain off the market for long," said Amrita Sen, co-founder of Energy Aspects, a think tank.

Sen said Brent could rise to $125 per barrel on Monday, quickly approaching an all-time high of $147, last seen in 2008.

Analysts from JP Morgan said this week oil could soar to $185 per barrel this year.

“The idea was not to sanction oil and gas because of their essential nature, but oil is getting sanctioned by private actors not wanting to pick it up or ports not wanting to receive it and the longer this goes on the more supply chains are going to buckle,” said Daniel Yergin, author and vice chairman of S&P Global ahead of the CERAWeek conference in Houston.

The United States and European partners are exploring banning Russian oil imports, U.S. Secretary of State Antony Blinken said on Sunday, but stressed the importance of maintaining steady oil supplies globally.

Russia exports around 7 million bpd of oil and refined products or 7per cent of global supply. Some volumes of Kazakhstan's oil exports from Russian ports have also faced complications.

Iran will take several months to restore oil flows even if it reaches a nuclear deal, analysts said.

Eurasia Group said fresh Russian demands could disrupt nuclear talks although it still kept the odds of a deal at 70per cent.

"Russia may intend to use Iran as a route to bypass Western sanctions. A written guarantee allowing Russia to do so is probably well

It will be interesting to see whether the Twittersphere proves accurate on Iran oil being re admitted.

If Iran oil re admitted to the West what will be the impact on the oil price?

Reposted by Christine Guerrero on Twitter: I have received definitive news that within the next 72hours the nuclear deal will be signed in Vienna.Even if it might take a couple of days more or so,what appears to be certain is that the deal will be reached.
#Iran's #oil is returning to the market under golden circumstances

What is the COS of drilling Serenity??

Has any one done any work on the chance of success of a Serenity drill?

RNS RE FARMOUT HAS JUST DROPPED

Too much information JustBe!!

Massive dilution coming from either Seritza restructuring or general fund raise IMO.
This is a lifestyle company run by probably the worst CEO on AIM.

Taken from 17 January RNS “ While we await for clarity on financing for the Project and feedback from EDM on the Transmission Integration Study, the Board has taken the decision to review and implement a cash conservation strategy to further extend the Company's working capital position beyond H1 2022 to ensure no further funding is required in the immediate future.”

Thought you said you’d blocked me. Strange.

Good luck with that!