Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
45 trades and about 6M shares contained therein. Not much activity on a day when the BOD began to give some promising hints about the near future. That's how you make money on AIM. Invest while the price is low. We'll see, I think.
...and it elucidates some of the many remaining issues. But a remaining issue is whether Zephyr might be close to acquiring that often spoken of partner. If the news is super good now might be the time to do that, assuming the state32 blowout is resolved.
Sad but completely understandable to read the posts expressing frustration today but I feel some optimism because the sole institutional shareholder is still present and that company,(I am certain), has more accurate information, and more up-to-date information than the guessers and the quasi oil experts who post here.
The company,( ie CH ), has done a poor job of communicating with shareholders over the past year, and until they have something very positive to announce the market isn't going to respond in the way we want.
If CH had been open two yearsago when he knew the problems and the timescale for their resolution we ,as investors,could have made better informed decisions. The information related to 36-2 is also being delivered on a tortuous basis.So it's not at all surprising that the SP has fallen and the market continues to be unimpressed with both performance and transparency. All very disappointing!
That's all it is on the part of posters here.Progress related to 36-2 should be provided by the company on a more regular basis. Given that the amount of tubing which remained to be extracted on,(or before ), 10 July was inly1900 ft it should be well within the competence of the company to issue a RNS detailing up to date progress related to that final 1900 feet of tubing. If the news is good or promising it will also enliven the SP in a positive manner.
I believe you may have saved me a good deal of time dsrt2012, because your understanding of Zephyr's pipeliine situation is the same as my own. Also, by the way, your understanding of the funds raised to pay for the nonop wells.
My understanding of the Green River Well is that it is an entirely seperate venture and that, indeed, Dominion will deliver gas to Green River from it's own pipeline when it is completed.
Like dsrt12 I don't believe ZPHR have ever been remotely close to having their own pipeline ready for use nor did the company ever make any concrete plan towards that end. Even now they are not preparing the disused article they've got as far as I'm aware.A communication you had with CH may well have been misunderstood.
Like the salt ingression in 16-2,(which was originally denied), and the loose valve in 36-2,( which has now been revealed to include other problems), the Bod has certainly been economical with the truth on a number of important issues.
Lastly please don't assume that I'm not well researched here because I certainly am.Just a bit more critical , I think of our somewhat untrustworthy ,( at times), BOD.
Is a seperate gas field. ZPHR have had a problem disposing of gas condensate and flared gas from the beginning. When I have thetime I'll show you the error of your assertions. In the meantime why are they waiting on the completion of the Dominion piipeline and declaring their inability to flare more than small quantities of the gas which will accrue from 16-2 or 36-2. Gas production has,from the start been a problem .
..with ZPHR from the investor viewpoint is that ,(in my opinion), the Bod hasn't been crystal clear and totally honest with it's investors over the past year and a half. The Bod knew at least a year and half ago that it couldn't become a mid tier oil company,(as they promised to do), because ,in fact they had no real means of delivering the necessary quantities of gas and oil in the relatively short term for the lack of an adequate pipeline. That meant that they were in no great rush to bring the Paradox to fruition, but they didn't make any of that plain to the investors.
Nevertheless I still remain well invested here because I view the continued presence of their only institutional investor as a very good sign.They will have been made aware of the likely sequenceof events in a way in which other investors have not been. So while they maintain their holding I am optimistic.
My hope is that 36-2 will go into production trials before the end of this month, and that ZPHR will gain a farmin partner soon thereafter. I still think my investment is safe . I just regret all the lack of transparency that has passed.
First it was a failed safety valve which caused the problem at 36-2 . Now,( after three months), it's"multiple equipment failures".Just as the salt ingression wasn't initially acknowledged for the failure at 16-2. My friends these are not "real oilmen" they're commercial market operators who buy short term nonop wells.
Everything is a problem or a delay accompanied by implausible excuses which do not impress the market,( with reason).
I imagine ,( and hope), that the BOD is currently looking for a farmin partner who will take them out of the hole they're in. Nuff said!!
I hold a relatively low number of shares here, and I often wonder why I do. I suppose it's because I've had them for a long time.
I sometimes read your posts because you're articulate and well researched. But I remain surprised by your optimism. During the past 5 or six years this company hasn't achieved very much. They're always about to do something important but it never comes to pass. I imagine that in three or four months we'll be told that the latest joint venture hasn't come to fruition and that the winter season is fast approaching etc.,
Increasingly my impression is that it's a lifestyle company ,and keeping it alive is the name of the game. My impression is that the board members rarely even visit the site in the US. Hope I'm wrong but it's my growing conviction
The raising is not very big and the rationale CH provided in the interview is perfectly reasonable. I noticed that the warrants which were provided to TPI are in the 4.4p region which makes me feel that TPI have reason to be optimistic about the near future. Good to see also that a current investor was happy to subscribe for around 3.4m shares.
In passing I thought CH looked stressed and his body language was a bit stressed, too.
For those who feel like adding or jumping in just now I think we might need to be fast!
12 million shares currently. I sold a few million in May 2021. So I'm still in profit.I won't be commenting any further but I reserve the right to comment n the performance of the company. My thoughts are basicall in line with SCEAUX.