The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
All the giffgaff about the "boe" etc,. was born of ignorance rather than maliice, I think. The poster really didn't really know what he/she was talking about. But it rather got up the excellent The Chains pipe !!
What ZPHR needs to give the market is news about the infrastructure, (pipeline etc,.), and some iinformation about the production from 16-2, ( to begin with), in order to get institutional investors convinced. Next week ,I hope. Then the good times should begin in earnest. I'm more convinced than I've ever been.
Just one aside. I believe ZPHR is a long, long way from a takeover. And the BP story seems very likely to me. By the way Bubble BP is already a huge oiler in the USA ! Hardly looking for a "foothold" as you say.
is so fired up about responding to the hobbyhorse that seekinvalue has found for himself that the most important thing (the SP and the way it is languishing ), has almost been forgotten. Seekinvalue doesn't even understand the importance of the information about the pipelines to the project. nor is he contributing anything which will prove to be vital. So give him a rest.
is production from the Paradox. Until that is achieved the SP is unlikely to make upward progress. In order to give us certainty about that progress what we need is clear lnformation about the pipelines. There is no clarity about the first and no mention of the second in the RNS. It does provide suggestions about bad weather and delays in the procurement of material and services. That is not too encouraging. And I do worry a bit about the SP. In fact that's the aspect that interests me most. That is why I'm invested here.
I'll concede that the details of the well log are important, but they're over a year old and the RNS's of 21December 2022stat that the latest well testhas produced"stable" production rates which were increasing "in a measured and planned process". It also says that "production data to be released early Jan 2023" (it wasn't ). I don't think that a salt problem will negate the productivity of 16-2 but it may make it less profitable. By how much I have no idea.
Where I tend to agree is that the BOD has been very remiss in meeeting it's dates for specific progress actions,and that has been the case since December 2021. Missed deadlines sap investor confidence. What the maket wants to know is WHEN the company is going to sell it's own-drilled oil. The sooner the better.
Which for some reason it took Seekinvalue over a year to draw to the attention. My reading has never been that 16- 2 was rate constrained because they couldn't produce the well for lack of an adequate pipeline. And that hasn't altered todate. And 16-2 has always been referred to as a prolific well and a proof of the Paradox project.
Seekinvalue has taken a long time to make 2plus2 equal 5 (or 3 in his reckoning!).
My "buy " trade made at 14.02 wasn't reported until around 16.00 and labeled "unknown" although it was plainly a "buy". Similarly the three largest trades of the day were not reported until after close of play and were also labeled "unknown" although it was even more obvious that they were "buys".
The reasons would appear to be that the MM's didn't want the SP to gain traction. AIM is the only aspect of stock exchange dealing where the MM's interfere in that way and it represents dreadful market manipulation for their benefit.
The reason the share price isn't way higher than the current level is that ZPHR hasn't delivered any appreciable quantity of it's own drilled oil. The larger market isn't very interested in nonop oil as it sees it as inevitably finite. ZPHR will prosper in terms of the sp when it can deliver all the oil it can now produce.
Thanks ,molatovkid, but I'd read that RNS which , ( partly), alludes to the Powerline Road Gas Processing Plant ZPHR purchased. My impression now is that we still have no gas pipeline available for gas from 16-2 or from 32-2 , nor any definite date for availability ?
I seem to have lost the detail in relation to the pipeline so perhaps someone would be good enough to update me.
I recall that the Powerline Road gas processing plnt ZPHR acquired is located at the head of the Dominion 16 inch gas pipe line but as far as I know that pipeline hasn't started yet. So how is ZPHR to pump the gas from State 32 ,(and when?).
By the wayI think it is extremely unlikely that BP will ever buy ZPHR. The company is a vast producer in the Gulf of Mexico and it pumps 800000 barrels a day. So even if ZPHR does produce 5000 barrels of oil per day by the end of this year it would be very unlikely to be of interest to
BP. If there were to be an offer in a couple of years or so it would be more likely to come from a medium sized oiler. But I wouldn't hold my breath ,( or my shares), for that either! Just an opinion.
1. valparaiso, a good and confident buy and you're welcome to this board.
2. Molotokid, interesting game you're proposing, but as the chain suggested it is best to set a date against one forecast. I think 20p by this year end but I'd be very happy with 10p by the end of March. Apropos a buyout by BP : I don't think so. BP is a deepsea driller in the gulf and a major refiner throughout the US. I don't think they'd fall over themselves for 5k barrels a day in Utah by the yearend. And the BP company who brokered the hedging for ZPHR is solely specialised in that activity and it was merely arranging purchases for small refiners (not for BP).
HI The Chain, completely agree with just about everything you say, although I think CH will give us details of the method and figures for 36-2 production before any corporate presentation.And ,like you, I expect it to far surpass 16-2 in terms of magnitude.