Said It Before.25 Feb 2024 18:39
I still have a sizeable holding because I take heart thet Tyndall Investment, is still holding its 10% plus and I have no doubt that they are being given the most up-to- date information on a regular basis and ,(I assume ), that their 10% plus,(the largest single shareholding ), would at leas have been radically diluted if that information wasn't at least promising.
Problem is that the management of ZPHY are not oilmen of any note. The role CH played at the time of the blowout was director of traffic to the traffic at the Easter bank holiday weekend to keep it away from the danger area! Long before that he had ceased to be a reliable reported of planned events. Hopefully he will be replaced by a knowledgeable oilman when the going gets good.
The rest of the BOD, witht the exceptioon of Rick Grant's holding in Origin Creek, don't hold even 1% of the equity, and I suspect they're there to make up a quorum when needed
The, hopefully soon, spud date and details for 36-2 should tell the tale. Hopefully that will be good news which will put the writing on the wall for CH and at least bring in a competent oilman or two. Please make it soon!