Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Yes i am more than happy with how this is progressing . Today was a bit of news flow that i wasn't expecting and just shows how hard CH etc are working to deliver on the paradox. Its shaping up very nicely. How confident must they be to have done this!
You'd struggle to find any analyst that is correct 100% of the time and whilst I agree he can be a bit rampy I am aligned with his assessment of Zephyr. I think its pretty obvious what is holding this share back at the minute and when those pieces start falling into place it should do extremely well.
I hope malcy is spot on with this one. He certainly seems extremely confident on the direction of CH/Zephyr. I'd love to be a fly on the wall on the conversations they have before the interviews - possibly why he is so confident!!
Yeah i dont doubt they expected some gas but its the volume encountered that was a surprise vs other wells in the area. Personally delighted they have sacked off the crytpo mining idea and hopefully the existing infrastructure can brought back into service.
Yeh page 22 is spot on. Looks like they may be able to flare whilst waiting for report for bringing the existing pipeline back into service etc?
Personally think 3 wells by year end is going to be tight but optimistic the two that really matter will be done!
When they drilled 16-2 they weren’t expecting the gas so I’d imagine they were permitted to flare at that stage rather than buying carbon credits? Maybe thats why this is coming back on as an extended well test rather than “production”. After all they have a lot of information to gather from it to optimise the well!
Personally dont think this is a big “if”. The cane creek reservoir is as good as a dead cert to up the 2P reserves to +30m bbls. I think its a 50% COS on the C9 target which they already know has moveable hydrocarbon and arguably has a better reservoir structure than cane creek. Exciting times!!
The sea lion discovery was Only 200MMbbl too!!! A puddle compared to what P1 could be!!!!