Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I always wonder why posters insist in posting the facts we've all just read in the RNS. We can all read! There was nothing in the RNS to liven the market. Two half decent trades and those were both sells. the interesting trade was the one for three quid ! Twenty posters or so but none of you bought enough to show any confidence. Come on put yor money where you mouth is guys!!
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!
is that no oiler, mid tier or otherwise, is going to farmin to an oil company which ,to date has hardly produce a barrel of saleable oil from its ,so called flagship paradox field. so put that out of your mind for a start.
the dominant impression is that the bod don't know what their about here which may well be true given that they've been struggling for over two years to very little affect apart from using their share holders money to buy into nonop wells which are also now in some doubt. they waited almost two months to issue this rns which contains no timelines whatsoever. just as well perhaps because when they gave timelines they never stuck to them.
in simple terms the market just doesen't believe them and that is why the sp is at 2.5p instead of the 7.5p of a couple of years ago. i'm a very large investor here and i'm just about ****ed off with the amateurism being shown by this bod. they seem to be off the pace in every aspect of the business. yes, i know, if i feel that way i should sell up but i never thought that we woul arrive at this poor pass. essentially the message from the company is the same in each infrequent communication. " we're on the case ", and then making no mention of structural elements which have been outstanding for almost two years.
pleass guys get some management in which seems to know what it's doing and which will,at least, restore some market credibility!
The BOD here is making a complete cojones of managing this company from an investor viewpoint. They need to remember that this is an AIM shares and AIM shares live and die by news development. We have now gone almost two months without news and when that is added to the inconsequence ,( or even near disasters ),of the past couple of years we have every right to expect some news of consequence.
The number of shares traded on a daily basis is abysmal and the lack of information is pathetic.
Listen BOD this is AIM so get the corporate finger out , or shortly there won't be a Zephyr. Live in the real world. You've still got som private investors to satisfy.
....a couple of months ago. Tyndall Investment Management still holds 10.3 percent of the shares in issue. Tynsall is also the only institutional shareholder maintaining its holding which exceeds that of OCE, ( in effect the BOD).The persistence of Tyndall gives me great hope for the future.
That even good news about the nonop wells has no positive affect on the SP,which is the only element of importance to private investors. Only oil from the Paradox, or news directly linked to that event will give us what we need and deserve,a substantial SP rise. The rest s just window dressing.
Are only undertaken with oil companies who have proven their worthiness by drilling successful wells.That's where ZPHR have, so far, signally failed the test. But lots of posters in their innocence, (or ignorance ), persist in peddling that line.
For a change of market sentiment ZPHR needs to produce positive , and believable , news from Paradox. Nothing else will do!
Sorry to say so, Northern Magic, but the assumptions in your last post are almost entirely without a basis in fact. The awful share price has little or nothing to do with cash constraints,and things "have taken longer" because the two Paradox wells drilled so far have had significant problems a neither has yielded any product for sale worth the mention. Also the company has been at least dilatory, ( if not completely incompetent), in preparing the infrastructure to deliver oil and gas to the market.
The nonop wells are a sideshow which adds little or nothing to the SP, and for which the shareholders paid ,in any case.
The strong impression in relation to the BOD over the past year has been that they don't really know what they're about In relation to Paradox and that they are not on friendly terms with the truth in their infrequent reporting.
We're now at a watershed point. It's: get some good, and believable news, to the market about Paradox and the related infrastructure or major shareholders will be taking a significant hiding ,(as they leave) !!
CH is learning fast how to look compliant but do nothing. "News to the market asap" in CH speak means "whenever it suits me" . And "16-2 early production possibility, and still in early discussion with the Team", are just meaningless platitudes. And of course he's plleased with the nonops. But the nonops do sweet FA for the share price. OR haven't you noticed!?
Good and positive news NOW and not before the end of the year is what is perilously demanded!