The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Of course! Six and a half lines covered 36-2 to tell us that they are doing repair work (ok) but with no indication of how long that may take. Note on the nonops shows that both quantity and revenue is falling,(though not by much) and effectively nothing which would enliven the market,(which is the important bit).
I would have thought they could have given some sort of progress report on the Dominion pipeline which has a keen bearing on 16-2,(of which there was no mention whatsoever). All in all a depressing RNS
Sceaux, you've posted quite a lot today,and in doing so revealed details of your holding. Multiply that many time and you'll be getting close to mine.
There are eight shareholders here who hold 80 m of the shares and who are above the 3% reportable threshold. A number of those holders are also knownn to each other. I don't know whether that may influence their trading in the shares?
There appears to be an assumption here that only one large holder, (Aidan O'Hara ), was the activator of the recent sell off. What's to prevent any of the other eight large investors from following suit at their convenience? With 80m shares in play wouldn't that keep the SP low for some time.
Of course I'm invested in UOG. That's why I posted here!
your sentiments McDoog but there is a lot that can be done about "market sentiment, and MM's games", if there isn't why are Zephyr employing Auctus to heighten their institutional investor profile, and why did CH acknowledge well over a year ago that he needed to get busy about impressing and enticing the institutional investors. This is AIM, McDoog and investors don't tend to hang about for months waiting for the next bit of good news. They cash in and move on.
I don't know the reason for the blowout at 36-2 but I do know that ZPHR drilled 16-2 well over a year ago and they still haven't produced any oil from it despite repeated assertions that it was about to produce. The same pipeline which was needed then still hasn't been completed and to do so ZPHR is in the hands of Dominion. Many a slip twixt cup and lip, they say.
My broker can only get me a derisory quote to sell all of my shares. That's the only thing that keeps me here now. Less than 3 million shares were traded today. That is jokesville! And it suggests a very unimpressed market place. A bit of market savvy activity is called for here.
Hi The Dog Farther, I'm not just a visitor here. I am recently invested, but not on the very large cale in which I an in ZPHR. Your comparison in relation to turnover and profit is interesting. Problem with ZPHR is that they haven't managed to produce any oil for sale from their own drilled wells.
I like the cut of the gib of the directors here. They are well trained oilmen. And I will be very intereste to see what they announce in the immediate future. It needs to be something imortant or I would guess the SP will slide back. Go well.
A handful of trades. Most of them buys and the SP has been marked down 6%. Come on BOD or TP or whoever is responsible for these things and speak to the MM's or put out some news that the market may find encouraging. You do have a fiducary responsibility to your shareholders. When was the last positive news? Anyone remember? Oh I'm being negative again for telling them that they are making a cojones of my portfolio!
I think the company needs to come up with some important news in order to prolong the spring in the SP here. all the rest is just plain guesswork.
to stay as it is, ( in respect of the SP), when a large part of the company's shares are in the hands of 10 0r 12 investors, ( some of whom probably know each other ), who may be likely to sell part of their holdings as the current seller or sellers are doing. Most of that "controlling" group will have bought in around the 2-4p mark and it seems logical for them to sell to take a good profit. Just a thought.
fellow posters. And mostly practical and to the point. I thought that Srdoddy's 21.39 post was the pick of the bunch.
I suppose I must fall into the camp of those who believe that all will come good,(like The Chain and Northern Magic), but I must confess to growing doubt about the ability of the current BOD to deliver the goods. They're in the hands of drilling contractors for every new exploration,(unavoidable I suppose), and so far they have hardly delivered a barrel for sale. But what mostly disturbs me is the economy with the truth which is evident from my own post.
I would like to see the company managed by experienced oilmen ,and that could best be achieved,(in my opinion), by a soon farmin, or the employment of top notch oil savvy personnel.
Lastly,I believe that Srdoddy's decision to divest himself from some of his holding ,and his disappointment at the huge falll in the SP from 7.5p to 4.7p is not a good augury.
I did a recap on some of the information I'd recorded about ZPHR and some of it has surprised me in view of the progress to date.
1.On 8 December 2021 we were told that the16-2 well test had been concluded and that the well without choking had produced up to 2100 barrels. The company was evaluating well equipment "to put the well on full production ASAP. The well was described as a "successful proof of concept well. The share price on 8 December 2021 was 7.55p.
2. On 1 December 2022 we were told that production testing at 16-2 had commenced and that there were plans to test for improved flow, and to prepare for gas export.
As an aside , there was no mention of any problem with salt ingress at the well, nor any mention of the necessity for a pipe line for the gas.
3. On 7 June 2022 we were told that "production from 16-2 was to recommence facillitated by a crypto mining facility", and that the oil would be trucked and sold to a refinery in Salt Lake City.We were also told that we were 12 weeks from production from 16-2., which would have given a date in September 2022. There was also a note about planning to drill three wells in the seconnd half of 2022.
Judge for yourselves how much of this activity actually took place or how often we investors were informed about the reasons for non performance.
I sometimes think that our BOD, for all their good points, are more network people than first class oilmen. And I wish that they could get a farmin partner ASAP. THE SP TODAY IS 4.7P and ZPHR is, effectively, a nonop oiler. Something which is great for paying the bills but isn't of much interest to the market.
The Chain, the possibility of a farmin was one of the more positive and interesting things for me in the Webinar. I had a feeling that the BOD are beginning to feel the heat, and beginning to see more of the problems in proceeding as they are. A bit more proof of the concept at Paradox and I think a bigger oiler might well step in.Doesn't have to be a major. Now that would enliven the SP. Which is what we're here for!
A very good presentation and I'm sure we have lots to look forward to. But in thr meantime the market is completely un impressed. Yet again it has responded in a negative manner to a CH presentation.
Two years ago CH opined that the company needed to do something to enliven the market and make the company an investor success in the US. so far nothing positive has happened. We have one less institutional investor than we had then, and there wasn't a sniff of a question related to the languishing SP last evening!
As things stand ZPHR is a share for small investors to play about with with a few million shares (out of 1.6B ) being traded in average deals of 100k or less on a daily basis.
And the real reason the wider market is not interested is that the company has produced nothing from it's own-drilled wells as yet. The market thinks :seeing is believing!
I cannot understand why posters seemed to expect a RNS before the webinar. CH said that the purpose of the webinar would be to provide an update on conditions at 36-2 and progress at the nonop wells. He didn't say anything about dealing with new information relating to future plans . Therefore no reason for a RNS.
Although we might expect some reference to the pipelines that will probably be the extent of any new information.
The more we proceed the more I feel that our BOD is not remotely "market savvy". That's why the SP has languished for so long. Perhaps they need to employ someone who does understand how to manage the market . That's a seperate skill.
By the way Lauders, CH has mega "skin in the game " here but despite their recent buys at low option prices that isn't true of the other members of the BOD which is something that has always surprised me.
Your 14.12 post greatly amused me,blissful,(in a gallows sort of way).Everything you said was spot on. After a year and a half of total failure to impress the market, and a consequent depression for long term shareholders it's high time the BOD (mainly CH), got to grips with the real shareholder interest. Let's hope it happens this time.