Member Info for Setanta1

It's only dropped 65%. Everything to play for!!

Some punters getting absolute bargains here today!!

First it was a failed safety valve which caused the problem at 36-2 . Now,( after three months), it's"multiple equipment failures".Just as the salt ingression wasn't initially acknowledged for the failure at 16-2. My friends these are not "real oilmen" they're commercial market operators who buy short term nonop wells.

Everything is a problem or a delay accompanied by implausible excuses which do not impress the market,( with reason).

I imagine ,( and hope), that the BOD is currently looking for a farmin partner who will take them out of the hole they're in. Nuff said!!

The price is down, (again), because the company stll hasn't sold any oil from it't own drilling activity after more than two years of promises. That's all!

I hold a relatively low number of shares here, and I often wonder why I do. I suppose it's because I've had them for a long time.

I sometimes read your posts because you're articulate and well researched. But I remain surprised by your optimism. During the past 5 or six years this company hasn't achieved very much. They're always about to do something important but it never comes to pass. I imagine that in three or four months we'll be told that the latest joint venture hasn't come to fruition and that the winter season is fast approaching etc.,

Increasingly my impression is that it's a lifestyle company ,and keeping it alive is the name of the game. My impression is that the board members rarely even visit the site in the US. Hope I'm wrong but it's my growing conviction

The raising is not very big and the rationale CH provided in the interview is perfectly reasonable. I noticed that the warrants which were provided to TPI are in the 4.4p region which makes me feel that TPI have reason to be optimistic about the near future. Good to see also that a current investor was happy to subscribe for around 3.4m shares.

In passing I thought CH looked stressed and his body language was a bit stressed, too.

For those who feel like adding or jumping in just now I think we might need to be fast!

12 million shares currently. I sold a few million in May 2021. So I'm still in profit.I won't be commenting any further but I reserve the right to comment n the performance of the company. My thoughts are basicall in line with SCEAUX.

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.

Because my contention is that peoples attitudes are frequently influenced by the size of their holding. Why so shy with the info,?

How many share do you currently hold in ZPHR? C'mon put your mouth where your money is !

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!

.. All should read Paragraph 3 of Srdoddys 17.09 post. He's got it in a nutshell ,and bang on !

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.

I've picked up some more today to bring my holding back to a nice round number, and because I think we may be about to get some good news.Optimistic!

108k shares traded in 8 trades. Certainly merits mention as the lowest ever day for ZPHR. There must be a way for the management and its panoply of highly paid advisers to give this share a bit of life!