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1. ZPHR is now an oiler producing 1600boepd from a non op portfolio of 219 shared wells. It has just paid US$ 2.2m to maintain it's output at thhe current level. Seems good .
2. ZPHR is in the process of preparations to drill three wells in the Paradox Basin which will not come into production,( if they are successful),before Q1 2023. By that time the gas pipeline , which will end the need for flaring ,as well as provide revenue, is indicated,(by the company), to be up and working. If it is ZPHR can begin to become an oil producer from it's own wells, and from the non op wells.Good if it all happens on schedule.
3. Just two supplementaty points: Malcy has been wrong in everything he says about ZPHR. Investors are interested in the SP as it is not as it "should" be. Most likely, from in investor standpoint, not much will happen here before circa March 2023.
Yet again the company issues an optimistic RNS and the price falls 7% . And the contributors here spend more time rattling on about crypto/ bitcoin which will be nothing more than a sideshow.
Nobody has thought to mention that the 2.5m and the 2.555m trades were almost certainly sells. That accounts for the fall in the SP, maybe.
The Chain. When do you think they knew that because of the gas element they couldn't pump oil from 16-2 because of flaring issues? I'd say at least sixmonths ago. And when did they tell the shareholders? Not yet.
As for complaining to the fca.!!! We don't need to be too gullible.
I'm not at all worried about the market shenanigans today. The markets regularly take advantage of talk of world recessions and similar events in order to manipulate the stock markets. And they usually begin the activity on a Monday. And usually they reverse the trend within one or two days by helping to sow more optimistic sounding "news". The result is that the market managers make an absolute fortune and laugh all the waay to the bank at the expense of investors. And it will happen this week ,too. But ZPHR is not really part of that nexus. ZPHR is where it is because 1. the BOD was less than honest about the reasons for delaying the start of production from State 16-2.2 For failing to make the finance arrangement at the end of 2021 and having to accept a poorer deal. 3. For failing to do something about the liquidity of the share. 4 . By failing to attract more institutional buyers in the UK and the US.5. By more of the BOD showing confidence by buying more shares.
There is more but all that seems enough!!
Zp
Not a bad idea Srdoddy. Am I right in thinking that they can flare for 60 days? What seems certain is that The promises made by CH in relation attracting investors have'nt come to anything. The Sp won't trouble the rest of the BOD because they haven't got a decent investment between all of the four of them.But I'm sure they've got super salaries.
The Chain I understand your focus but the SP seems pretty fundamental to me especially since it's been played about with for so long.
instead of using the same one when it's well past being the subject.
According to the company there is plenty of oil in Paradox. What they didn't tell us,(and should have), is that they have ,(and are), being prevented from extracting about 2000 barrels a day due to the lack of an adequate pipeline facility to remove the gas. And , Evans, they will surely tell us about the 16 non op wells when they are producing. And some effective work to get a few decent,(US and UK), institutional investors on board wouldnt go amiss. The crypto will be just a sideshow until the gas pipe line is completed early next year.
..unlike you V111JAS I certainly won't be buying any more. I already hold more than the whole BOD with the exception of Con Harrington so it's only a matter of when and how I get rid of them. And that won't be easy to achieve at a reasonable price.
Apart from the diminution in the value of my holding I am disappointed at the half truths and downright lies that have been purveyed over the past eight months. Especially from the time of the finance negotiations that were so badly handled, the silence abot the fact that oil couldn't be produced in any quantity from 16-2, and the failure to do anything about the encouragement of the US market or institutional investors ,and the failure to inform us that Edale had left. There's lots more but I won't go into it. I'll just try to attend with the issues I am having with my own shares.
with just about all of Srdoddys comments. They knew 6 or 8 months ago that 16-2 was not goint to produce any worthwhile oil in the short term. But CH didn't mention that inany of his interviews. Nor did he mention the need for a gas pipeline.
I am very disappointed with the lack of transperency as well as with the **** poor SP, and the almost total lack of liquidity in the stock. I know that many posters here are quite happy with the current SP and the progress, but remember size matters! Just look at the size and level of trades. It really does alter ones thinking if one has a large holding. 250k shares in a portfolio allows the holder to be optimistic for the future. It's just a gamble. For a much larger holder in an illiquid share the prospect is different. I know that we have already lost a considerable holder,(and poster here), because of the poor performance ,(illiquidity) of the stock.But he had to go through all sorts of hoops to sell out.
I suppose I should just note that my confidence in what CH now says is at a low ebb.
that for the past 12 months theBOD knew that State 16-2 couldn't produce the large quantities of oil,(up to 2000barrels per day), that were being spoken about because of it being constrained by the "oiliness" of the well and the non acceptibility of flaring. But they didn't come clean and tell the shareholders.
The largest days trading in thepast ten months was, I think, 50M shares traded in early May, and that was the day Edale sold its holding. otherwise we have been seeing derisory trading day at circa 4m trades,(in a company with 1.5b shares!). The illiquidity of the shares has been a constant for the past year but the company has done nothing effective to address that problem.
We have never been informed by the company that Edale sold out. We have never been told who bought the last placing shares. ZPHR has just one institutional shareholder as of now. The AIM market does not respond to piddling trades , and interviews which repeat the same details over and over. SO the SP needs to become a focus for the BOD.
Hi Thebhoys, I'd love you to be right on the subject of selling. But..... Zephyr finished drilling their first personally owned well ten months ago and ,so far it has produced next to nothing. The excellent production we are seeing from a small oiler was all bought in with shareholders money .
What the BOD should be concentrating upon now,(as well as the preparation for the new drills ) ,is creating an atmosphere of confidence so that important institutional investors buy in, and in the process recover the liquidity of the stock. Go well!
I'm on the side of blissful. Even if they produced a couple of thousand barrels each from the ten wells suggested for next year no major is going buy Zephyr.That's not what majors do. The buy rumours are just that,( rumours), and they are basically devoid of any substance.
Completely agree with all that, The Chain.There is a desperate need here for some large institutional investment.
As I'm posting I may as well express my views on the latest RNS. The crypto facility as it stands is no more than a side show and the gas will be disposed of via the Dominion pipeline in due course.
The comments related to State 16-2 seem to indicate that not very much will happen there for a couple of months, nor is there any mention of the quantity of oil which will be tankered out. In fact the RNS is largely inconsequential and we haven't been given any detail for the very slow development of State 16-2. The market has reacted with the lack of enthusiasm which the RNS merits.
There are two aspects to be considered . One is a closed period whic is related to when specific financial period details are to be released. The other is Insider dealing . The first is a seldom event and lasts one or two months and the second relates to informatioon the particular director may be privy to and usually lasts for a very short period of time. Believe me the BOD had ample time when they were outside these periods to buy shares. They didn't do so. Believe me, too ,I know what I'm talking about.No misinformation. End of!