Member Info for Renndava

Ridiculous to say this is last chance and curtains if they feck it up. I dont think investing in O&G is for you if thats where you think this company is at. lol.

Have they been doing any work at the pad Adon?

The reason for such a short production test could be down to flare permit limits so i'd be taking that as a very positive sign. ;-)

I dont think it will be H&P as they seem to be focused on drilling. Lots of service providers for well testing though and i'm sure the QA will be very diligent this time around.

"subject to service availability" was the same last time round. These workover rigs are readily available so i wouldn't have any concerns about lengthy delays. Once rigged up they should be run in hole in a matter of days

Yes i was referring to the Dominion export route. As for options between the drill pad and Dominion pipeline I think we'll initially see a mobile processing skid to get the well into production this year. That might be paid for with some sort of tariff agreement Revenues can then be re-invested into the permanent infrastructure to have a 100% owned arrangement for scaling up the basin?

Nelson. You have to remember that last time there was no route to market for the gas. With that now available I’d be amazed if production isn’t expedited from this well with 16-2 to follow.

Papa - I believe they are aiming at production in Q4 which i think is achievable given the export route is now available. The 6" gathering line is only a matter of feet from the well too at 36-2R so just a processing facility of sorts to arrange and then it could come online.

The dominion pipeline is fully operational now so we have a route to market once we get our processing facility/a mobile processing facility in place. I have a feeling they will have everything ready to pull the trigger on that once testing is complete. that could see first production in Q4 imho.

Oilworker - it was quoted in the TP research note that fluid mix is likely to be similar to 16-2 but with a higher % of gas condensate which i believe sells at a premium to WTI?

4-6 weeks was quoted last time for the actual test phase. They obviously need to get the workover rig contract in place but they’ll know exactly what is needed from the last time so it could be about 8-10 weeks worst case from now i would expect.

I agree Adon. Dont envisage any issues with drilling this time. Lets see how it flows 👌🏻

With the share price increasing you would think that they would want to KO the buy backs sooner than later?

Kipper, slightly different this time given they have confirmed they have hydrocarbons. If the flow tests show it to be significant the traders selling will likely get swallowed up by new positions. As you say each to their own but its certainly looking like an exciting few months ahead. 👌🏻

Malu - thats interesting to see. Assume we will see something similar to the lancaster field with regards to EPS. That could see first oil within 2 years on an EPS.

Can you post a link to the webcast please?

Https://www.linkedin.com/posts/zephyr-energy-plc_zphr-paraxox-activity-7181568819465703424-Lqp5?utm_source=share&utm_medium=member_ios

As if by chance - confirmed by the man himself

Bill, where you getting that info? I thought a previous RNS had stated they had already mobilised the rig to the site to commence rig up for mid april spud? Certainly plenty kit on site from sat image too.

Romaron? Can you explain your thinking on the bond market/deal? Is it purely the uptick suggesting something is on the cards?

WTF is that all about at the bell? Dropped it just under the 200dma?