Member Info for Setanta1

One punter bought £143k of shares on Friday and that raised the SP 12.5%. Strange!

That one punter bought less than 3m shares today and the SP rose by more than 12% on the back of that? Nothing more?

But the Sp has fallen about 65% in the past 8 months and it hasn't recovered. Why?

Bit of reality and truth telling in that 13.00 post!!

What's clear is that that the level of misinformation and witholding of information being peddled to its shareholders by the company in relation to 16-2 and 36-2 is immense.

Whether the felt need for such duplicity has been down to sheer incompetence on the part of the company or by the people they have chosen to drill the two wells or to some miscalculation of the real potential of Paradox is a a matter for debate.

What is certain is that communication by the BOD with its private shareholders has been dreadful for the past year or so. Witholding information is never acceptable.And Zephyr needs some competent oilmen rather than to bediscussing the pros and cons of a failed well with an insurance company.

There were slightly more buy trades than sell trades today and the value of trades was, more or less, equal.The drop in the SP was down to a bit of manipulation by the marketmakers.

Nevertheless I'm not overoptimistic about the upcoming RNS. If there were to be a very positive announcement they would have made it without waiting for the half year results.

In any case the pipeline system is not complete so oil and gas delivery will be compromised for the immediate future.

The management here has been at least unfortunate, but as communicators over the past eighteen months they've been as poor as can be.

Just one ray of hope. We have one important institutional shareholder and while they remain my confidence will prevail.

The declaration by the company that there will be a statement in the next three days about the pipeline and progress with Paradox there is very little buying activity and,indeed very little activity of any kind related to the share. Such a situation usually suggests lack of confidence in the news to be provided.

The SP of ZPHR is at a relatively historic low and good news should see a serious uplift. So why just a handfull of buyers at this point?

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.

...aren't exactly piling in at this suggestion of good news. Just one 400k buy. What do you want? A scroll with a seal on it. My pile of shares just told me that they're happy!!

Five weeks today with no news whatsoever. What a performance by our much vaunted, (by some here ) BOD.Dreadful, at the end of a year of nothing to enliven the investors.

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.

But I suspect that the suggestion that they are about to invest in more nonop wells which was given in the latest RNS will prevail.

To be par for the course for GWMO. Honeyed words for six months or so and then the customary raise. Looks more like a "lifestyle"every year. SP down 50% in less than six months!

....?

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.