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CH is learning fast how to look compliant but do nothing. "News to the market asap" in CH speak means "whenever it suits me" . And "16-2 early production possibility, and still in early discussion with the Team", are just meaningless platitudes. And of course he's plleased with the nonops. But the nonops do sweet FA for the share price. OR haven't you noticed!?
Good and positive news NOW and not before the end of the year is what is perilously demanded!
Why there's so much apparently positive commentary on this board . The SP has fallen by 70% in nine months and,as yet, with no sign of any recovery!
To understand all the polemic about the performance and the sp of this share. Fact is the sp was about 18p nine months ago an its 6.25 p today. A 65% fall !
That's all it is. Nothing seems to happen apart from the next raise to pay the salaries.
The market has no faith whatsoever in anything CH says. Unfortunately his words don't match his actions.Every time he makes a presentation the SP falls.
The only circumstances which will reverse the downward trend are a farmin or a major increase in production from the own drilled wells. The nonop wells will do nothing to enliven the SP.
2.5m shares traded today and we have seen a further fall of 7% in the SP.
Fact is that there are very few punters as evidenced by the low number of contributors to this board most of whom are probably SIPP traders who think they can wait a couple of years while their pensions mature. Goood luck to them!!
Meanwhile the BOD here need to employ a publicity outfit to be given some advice on how to manage the visible profile of the company which is currently in tatters.
It shows that the non op wells have little or no affect on the SP,(ie the market). What is needed is substantive progress on the own drilled (Paradox) wells. Nothing else will fill the bill.
Also note Adon 30 reference the monetary benefit of the 550m barrels!
A more positive RNS with suggestions about participation from other companies as well as definite progress related to Paradox in general. I'd guess that the unenthusiastic posters here have negligible investments in ZPHR. Let's see what happens to the SP if CH does a presentation now, which is quite likely I imagine ,because he has a lot to explain. Now may well be a good time to invest.
But the Sp has fallen about 65% in the past 8 months and it hasn't recovered. Why?
What's clear is that that the level of misinformation and witholding of information being peddled to its shareholders by the company in relation to 16-2 and 36-2 is immense.
Whether the felt need for such duplicity has been down to sheer incompetence on the part of the company or by the people they have chosen to drill the two wells or to some miscalculation of the real potential of Paradox is a a matter for debate.
What is certain is that communication by the BOD with its private shareholders has been dreadful for the past year or so. Witholding information is never acceptable.And Zephyr needs some competent oilmen rather than to bediscussing the pros and cons of a failed well with an insurance company.
There were slightly more buy trades than sell trades today and the value of trades was, more or less, equal.The drop in the SP was down to a bit of manipulation by the marketmakers.
Nevertheless I'm not overoptimistic about the upcoming RNS. If there were to be a very positive announcement they would have made it without waiting for the half year results.
In any case the pipeline system is not complete so oil and gas delivery will be compromised for the immediate future.
The management here has been at least unfortunate, but as communicators over the past eighteen months they've been as poor as can be.
Just one ray of hope. We have one important institutional shareholder and while they remain my confidence will prevail.
The declaration by the company that there will be a statement in the next three days about the pipeline and progress with Paradox there is very little buying activity and,indeed very little activity of any kind related to the share. Such a situation usually suggests lack of confidence in the news to be provided.
The SP of ZPHR is at a relatively historic low and good news should see a serious uplift. So why just a handfull of buyers at this point?