Member Info for Setanta1

The Chain and I thank you for your maturity. As a matter of interest I never held the number of shares in GGP that you probably held because I was a bit late in and doubtful. I left when it fell back to 30p. But I found it to be one of the best and most knowledgeable boards I frequented.
Part of my occassional irritation with the trajectory ZPHR has followed is undoubtedly due to the size of my holding. But I still have great confidence in CH. Go well.

I posted the number of shares I held quite a long time ago and I was accused then of being some kind of fraud. I was not and I am not. The plan I am working to is completely genuine. It's just that the majority of posters here don't have a long term plan nor do they possess the kind of financial investment I have here. There are a few millions of trades investors here but several left as the SP retraced.
Answer to your question IG is :mind your own business and concentrate on your own small holding. But I am well on the road to the £1M mark.
And Thebhoys you're manifestly not Setanta 1. Maybe you're your American cousin.

"Colin not Chris".

I came to ZPHR via GGP and the BB there was the best one that I have ever contributed to.There were quite a few contributors there who had become net millionaires from their well timed investments and each one who declared that level of success was heartily congratulated by board colleagues.
One such helpful member told me that the secrets of successful AIM investment were: 1.To choose a market segment in which you were comfortable. 2. To only invest where you deeply admired the BOD and its plan. 3.To only invest money that you could lose without causing any change to your lifestyle.
I was a relatively late entrant to GGP and I cashed in at around 30p with a decent ,but not magnificent, return on my money and I began the quest for my own ""million pound model".Several months later ZPHR appeared on my research screen, and I was so impressed by Chris and by the plan he was outlining and executing that I began to invest with confidence that I was on a winner.There have been some deviations since then but,in fact, I'm well on the way,(I think), to the outcome I have been seeking from the start.
Just two facts I want to add in response to the comments of The Chain and IG:
1. I don't have any alter ego here, nor do I need one.
2. I bought 7.123M shares in ZPHR on one day, and in one trade, and I still hold every one of them . I also bought multiple millions of shares in ZPHR in smaller deals.So I@ well invested here.
I'll be very happy to post if I achieve my ambition!

I seem to have offended a few regular posters here. That certainly wasn't the intention.Sorry about that.

comes to an end with the usual sometimes strange posting profile:
The Chain almost broke the record for prolixity in his BlM NEPA post,(bless him),Adon 30 has seen something which he has interpreted as a sign of progress at 16-2 ,(bless him), and IG has noted another "biggie" in the shape of 1M shares not classified as buy or sell (bless her ,too).
Meanwhile the reality is that the SP took fright,yet again,(as I expected it would), and failed to break 6p. All on meagre trading.
Then I turned to BOIL and found that the SP there had increased 82% (just today), and that well over 3B shares were traded. And I asked myself the question I have been seeking the answer to for the past year : what is going on withZPHR? A company that has promised so much and has hardly produced a barrel of oil from its self drilled wells. And the latest pattern is delay after delay. When will it change, and when will the SP rise above its level of even a year ago?

Back to the same old 6p mullarkey yet again. That being so are we about to see the SP begin to fall yet again? That's the test!

This is a bit like the UK political crisis. We know what should be happening, but it just isn't happening. Wonder what yesterdays 2.5m. buyer is thinking? He/she either knows something or.........!

Just two points :
1. Institutional investors will buy in when it suits them. Especially since they will have been given effective inside information by the company and/or its brokers ,(read Auctus). But that hasn't happened. And activity among US investors is almost non existent!
2. Long term and substantial holders are fed up with delays in maintaining schedules and the lack of SP progress.(Read papaduke today).Most who bought in the past year are trading at a loss.

2.

...."and stay there".

Good to have a couple of those in the form of SCE2AUX and MTucker posting here. The constant yea saying of numerous posters,(usually 4 or 5 posts a day), has become a tad fatuous over the past several months of no upward SP progress.
This is a 1.6 billion share company with daily trades of circa 5M Shares a day who brought Auctus on board almost three months ago to alter the institutionai shareholder profile. Net effect : no new institutional shareholders!
Delay is the name of the game together, with a failure to cross the 6p share price and stat there. But the resident rampers here still talk about a 20p share price , and,( bizzarely), a buyout.

The SP is 25% lower than it was a year ago. Bit of a reality check needed!

Talking about 20p and a buyout in the current scenario is rather fatuous. Remember the SP is more or less where it was 15 months ago!

A bit of that creeping in ,I think. No significant oil produce from self drilled wells. Just one Institutional investor,(in the UK), and none in the US where there are comparatively few private investors. Lot of hints at progress in the near future but the months roll by and the SP just manages to sustain itself where it was over a year ago. Hardly heart raising stuff for the shareholders!

Hardly "liquid"!! 3million shares dealt in a company with 1.4 billion shares in issue certainly does not indicate liquidity. But that curse of illiquidity is the very reason why the SP is languishing where it is!

So far today only about 6M shares have been traded and the SP has fallen 4%. Most of the trades were just "housekeeping " trades and the relatively few apart indicate doubts sown in some minds by the inability of the sp to sail past 6p and the late inability of the BOD to produce unequivocal good news when it's been due.

The MMs have been told, (by the broker on the company's behalf), to drop the price to 10% below the placement price in preparation for a coming uplift. And it has taken the MMs a week or so to achieve that objective in view of the poor trading rhythm.

Thank you, The Chain, for a very thoughful and informative post, and I'm pleased you decided against yoour proposed contact with CH.
I wanted to add a few details that you may have already interpreted. This week we are entering week 11 of the possible 12 week timescale set by the company for the completion of the cryptomine. If that materialises then production from State 16-2 ought to begin in earnest wihin two weeks. That would cause the SP to rise dramatically,(I think).
If it were to be allied to news of the commencement of drilling at one or more of the three wells posited to be undertaken before this year end the effect could be very great indeed.
Lastly,I have lately concluded that the company will probably purchase shares in more nonop wells soon.
Thanks again for your well argued opinions. Go well.

Thanks, The Chain, and there are just a few points I'd like to raise in response :
1. Where is the "nearby" pipeline, and,if it's active why hasn't it been used to aid production from State 16-2 which is vital at this juncture? I think the reference in the 8 December is to the planned extension to the Dominion pipeline, which , by the way is completely out of Zephyr's hands.
2. Actually two institutions have "weighed in" but one withdrew, (an event never alluded to by the company). Also the company has declared State 16-2 the proof of concept, so institutions are not waitinng for them to repeat that prior to buying in. They're just not interested as of now. Also who bought the £12M of shares in the last placement. At the time the company thanked the "institutional shareholder for their suupport", but never revealed who they were. Also on this point it would certainly enliven the SP if the BOD bought some shares. They haven't done so for well over a year, and they haven't alway been in a closed periood !
3. Zephyr is a nonop oiler with no worthwhile production from the only well they have drilled to date. The newflow from the company about the timing of the upcoming wells is erratic at best. The SP in languishing in a way which would have been considered extraordinary a year ago. That's how I see it.

Thanks for your response Adon 30 but Idon't think I misread the 8 December RNS when it was issued ,or indeed more recently.. The RNS was mainly focused on what was seen as the success of State 16-2. The fact that there was the possibility of adding the gas was presented as a bonus, and no mention was made of using the sale and the disposal of that gas to facilitate ol production from the well.
In fact the RNS indicated that the gas would be sold via an,(unnamed), "nearby existing infrastructure." The pipeline alluded to was not active in the area at that time and the necessary extension work still hasn't begun. And please remember that the RNS was posted ten months ago and we still haven't had,(nor are we sure when we will have ), any significant production from a well which was drilled over a year ago.
Zephyr remains a nonop oiler and for all the speculation we don't know when that will change.And the lack of interest fron institutional investors and substantial private investors and the depressed SP betrays unease about all that.