The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks Agricore, yes I understand the years to retirement factor in relation to Sipps.Not sure that the machinations for a nominee account are worthwhile when one has the advantages of anonanimity while using the services of a good broker.
I've thought again about the concept of investors declaring their holdings should they become posters on this board and I've concluded that the many ways in which shares can be held might negate the value of such declarations. Some investors may hold shares in funds or Sipps,(not something to be recommended with AIM quoted companies, in my opinion ), so it might be difficult to make meaningful comparisons about how attitudes might be biased, which was the point of the suggestion. So I withdraw the suggestion. Thanks to the one poster who responded positively.
Whether someone is invested here should state how many share they themselves currently hold. If four or five of the doubters ,(about whether someone is invested in ZPHR or not), would post how many shares they hold here I'd be very happy to declare how many I hold.
As a matter of interest I think that posters here should be obliged to state their holdin in any share upon which they comment. The current "no declaration needed rule" leaves the board open to aggressive posters and would be bullies.
Srdoddys post " The Sp is where it is today because of overpromising and under delivery,simple as that,numerous changes of direction and instances of the full story being witheld" The whole story in 27 words!
""..The Sp is where it is becauseof overpromising and underdelivery ,simple as that, numerous changes of direction and instances of the full story being witheld."
Perfect post with no redundancy of words. Total truth in a single sentence. I make no apology for reposting it again!
" The SP is where it is today because of overpromising and underdelivery simple as that, numerous changes of direction and in instances the full story being witheld."
Succinctly put. Thank you Srdoddy. No more needs to be said!
3.To whoever said that CH was not "spunking the company's money away", the last aquisition was initated in December and it was the optional purchase of the RSOC in Paradox which was funded by 40m shares. A dilution of shareholder interest.
I have two wishes and thy are that posters who make critical posts should do their homework and that the BOS get their fingers out to produce some saleable oil and gas. I don't have anything more to say.
I rarely post in defence of my own posts, and I don't propose to do much of that now,but there are a few points worth making.
1There is only one long term oil man on the board. Rick Grant. The others are basically from investment banking and accountancy.
2.The 36-2 rig belongs to a respectable company whic has hired it to ZPHR. I doubt you even know who they are NTD.
1. ZPHR has hardly sold a barrel of its own-drilled oil and that is a red flag to institutional investors. Hence there is only one investor who has been there for about two years, (which,by the way gives me hope for the future because I reason that they must be being updated on a much more regular basis than the wider market or the private investors).
2. As far as we private investors are concerned there have been many intimations from the company that Paradox that 16-2 was a winner but in due course it was revealed that there was a salt problem, and that, in any case, there was no available pipeline to remove and sell the gas. So 16-2 has been hanging fire for a year and a half.
3. 36-2 was successfully drilled only to fall victim to a valve failure for which remedial work is now being carried out without a predicted date for well testing to commence.
4. Meanwhile ZPHR is a nonop oil producer from about 250 wells for which it paid around 30$m. The market rates nonop production at zilch.The portion of the nonop income used so far to fund Parado drilling is not stupendously high, Lower than 10$M at a guess.
5, That's the situation. CH spoke recently about a partnership and I often think that that might be a good idea because I sometimes wonder whether the BOD really are oilmen. Is it normal for a well, (16-2), to be drilled with no facility to remove gas or ,effectively, to sell the oil? Are blowouts common in the oil industry? My information is that they are not if the drilling crew is really competent.
6. I am still heavily invested here in view of the company's stated aim toget 16-2 and 36-2 "producing volumes and revenues in the near term",(their words)., and that "2 half 2023 will be an inflection point moving Paradox from appraisal to development project when 16-2 and 36-2 come on line."Their words. As I see it those are the facts.
Interesting Saturday morning post in its way , Ezhik, but what it amounts to, in fact, is a statement of some known facts about the salt issue relating to 16-2, the gas pipe line, and a statement relating to your own lnvestment strategy.
I sometimes voice criticism of how the company is communicating with its investors but they have already answered the questions you raised in relation to salt and the gas pipeline. In relation to salt, (which is a common oilwell issue), they have declared that it is eminently resolvable and the gas pipeline is,(the company has said), underway.
In respect of your investment strategy, well that is a matter entirely for yourself and I wish you good luck with it.
Does anyone else feel that the number of trades in Aim,(on all shares), has diminished considerably over the past couple of months, and that the number of posts here on the generality of shares has also diminished. If your answer is "yes" why do you think that should be so?
For your comments. Ref.the TP note, that is just a repeat of the 12 April note, so it doesn't add a cubit to our understanding ,or give us any idea of when we are likely to see any progress.
In passing can anyone tell me when was the last time a ZPHR RNS had a positive affect on the SP?! The company really does need to get its skates on and do something to liven up the market. What did they employ Auctus for? Where is the attention CH was to apply to the US market, especially the institutional element? Constant SP drift is not a good look.
Thank you again ,gentlemen.
Thank you Adon for your posts but I'm afraid I don't always follow your line of reasoning. Zphr looked like a phenominal company a couple of years ago when CH was spreading the gospel in interviews every couple of weeks. We don't see much of that nowadays. The whells seemed to come off that train when 16-2 had the salt problem and the company didn't acknowledge the real problem for several months.
Zephyr still hasn't produced a barrel of its own drilled oil for sale. There have been a myriad of excuses for lack of delivery,but even those have not been presented in a very timely manner. Can I repeat that the market has little or no interast in nonop wells which it sees as short term .Yes I agree with you that the bod did well to buy those assets relatively cheaply but that should not be the raison d'etre of an aspiring mid tier oiler. And remember that the raised almost 50$m to fund those purchases for which they are getting back about 23$M a year. Meantime they have diluted the company.s shares massively
You're no fool Adon but you come across as as an investor with an esoteric interest here as opposed to a high financial one.I am more interested in the sp than any other aspect of the company. I'd like to see more of CH and hear more from him. Why hasn't he told us what caused the blowout? They must know by now.The average spud time for a well here is 30 days. The production test for 16-2 was to end in January, but still no oil!
Lastly, in the webinar CH said that the Dominion pipeline had already begun and that it would be operational in Q3, so why no progress report?
1.The Dominion pipeline is of crucial importance to ZPHR for the wells it has drilled to date as CH alluded in the webinar, They will be kept informed by Dominion and should keep their shareholders informed.
2.The RNS specifically states that it is a progress report on 36-2 as well as the Williston.
3. ZPHR has been "riding bumps " for almost two years now and the SP has fallen from 7.6 p to 4p. Where is the progress in that?
Finally the nonop production is of no interest to the market or to institutional investors.