Member Info for Setanta1

A lot of good sense in what Srdoddy says. a RNS on 8 December 2021 indicated that State 16-2 had the potential to produce 2100boepd.. It made no mention of the necessity for a pipelline to obviate the need for flaring before any significant production could begin.
On the 26 January of this year another RNS indicated the raising of the circa £36M for the Williston nonop purchase.Was that a change of strategy given that the company had spent most of November/December on a fund raising which clearly was unsuccessful,(the first misstep by what looked like a brilliant BOD).
If a gas pipeline was known to be a necessity before State 16-2 couuld be put into production why didn't the company say so at the time of the 8 December 2021 RNSI? I tend to agree with Srdoddy that the lack of more than one II (in the UK and none in the US), is directly related to the ongoing nonop status of the company. There is a lack of clarity related to the company which has been,(and still is), very disappointing.

Good post but it is hardly likely that anyone is going to make a bid at least until 16-2 is well into production. And there are still many doubts on the when of that much awaited happening.

From Evan3020 ( last qtr production down), to Chain asserting that flaring is not being carried out on 16-2 solely o fulfil the company's environmental stance. The latter is only partly true. Fact is that only very limited flaring is permitted be carried out and for the gain it is probably not considered worthwhile.
My own view is one of disappointment that the company didn't level with shareholders long ago about the effective inability to produce from 16-2 thus turning the company into a nonop oiler and using shareh0lder funds to do so, Them's the facts!

No. Well apart from what you usually write yourself.

Zephyr is a non operating oiler from bought in shares in wells paid for,(one way or another), by the shareholders. It has produced little or nothing from the well it drilled by itself,(State 16-2).Until it does produce from at least one self operated well the sp will remain in the doldrums.

1. State 16-2 was completed over six months ago and the company spoke frequently about producing oil for sale when the "infrastructure" was complete. They didn't mention that the said infrastructure was a pipeline to obviate the need to flare the gas from the well. Nor did they tell us that without such a pipeline ,(let's forget crypto for now, aithough that wasn't mentioned either), no significant oil could be produced from the well. Mention of the Dominion pipeline,( over which Zephyr has only limited control ref the completion date), was only mentioned relatively recently. Allthat,(in my opinion), was being less than open with investors.
Secondly, the stock is extremely illiquid and that was something CH acknowledged and that he promised to address about eight months ago. His only action has been to recruit Auctus which has, so far, achieved nothing.
CH has spoken about the importance of institutional investors and US investors. Zephyr has one UK institutional investor and few or no US investors.
Point being that there are a few important matters to attend to here. A few million shares traded daily isn't very encouraging. Is It?

Thanks Islandgirl, that's cleared up my misaprehension.
By the way daily production at BP is 3.7MBOE per day from reserves of around 20 Billion barrels. So I don't imagine they're in desperate need of the Zephyr 1600 barrels per day.

Thebhoys, it's news to me that BP have bought 50% of the " Williston " production. Zephyr only hold abour 20% of all production from Williston,(don't hold me to that percentage), and they would have no right to dictate who purchases the rest. Also as a diminishing entity it may not be attractive anyway. But I'd be glad if you'd let me know the source for the assertion.I'm not being argumentative, just seeking clarity. Go well.

But I haven't changed my mind on the buyout possibility. I wish there might be one because it would yield an absolute fortune for me. But I think I'll just have to take the nice profits I'd get from good news! And a decent SP rise!!

Hi Chain, my opinion isn't really negative. It's just realistic. And far be it from me to be naming companies which may be takeover worthy. By the way, there are a large number of "ifs" in your reply. Remember that ZPHR finished the positive drilling of 16-2 over a year ago and it still hasn't produced any worthwhile quantity of oil. And the oil being produced by ZPHR has been bought in with shareholder money. And the sp now is lower than it was a year ago! And we've had less than 2m shares traded today in a 1.6B share company. And punters are talking about a buyout. It's just not common sense !

Highly unlikely! It's far too small and even if the upcoming three wells are a succcess plus the ten posited for next year Zephyr will only be a medium size player in its potential. All the talk about a buyout is the stuff of a pipe dream. BP or any other major can get this kind of potential any day.
What we need from ZPHR is real production from the well it has drilled so far. That might shift the SP. Auctus never will!

Hi Chain, less than 2m shares dealt in a 1.6B shares company shows neither appetite nor share building. 60 or 70 million dealt might indicate something happening but no sign of anything like that yet. Just to note how brilliant Auctus has been . NOT !!!!

Tough enough, Bubble, but I'm only in one of that pair !

... has been diabolical. Firstly there is the problem of posters who don't seem to be able to write in coherent English. followed by posters who follow a heading which says :The answer to this question might seem obvious but do people ( now what does that mean? It's not even a complete sentence for heavens sake !).
Now for some real information. the reason that this share is at such a low SP is that is so illiquid. No large or institutional buyers want to buy it. The dailymumber of trades dealt over tha past eight months was circa 5M in a company with 1.6Billion shares . So they brought in Auctus to begin to rectify the malaise. So far Auctus has had zero affect!!!

on behalf of ZPHR. So far having all the impact of a bubble in a bowl of blancmange !!

indi123. Especially coming from Tyndale who are holding 9% of the Zephyr shares. And he was oozing confidence. A man who speaks to CH every two weeks. And he gave all the reasons for the confidence he was displaying. Have you read it The Chain ? I might even go again. It's just a matter of time, and I can wait!!

I was really impressed by the latest CH interview. He was very bullish about progress in both the Paradox and the non ops ,and he focused very firmly on the overall progress in the last year . My faith was certainly rekindled.

Evan 3020, and what I find irritating about it is that the company didn't come clean about the reason for the lack of productio from State 16-2. My faith took a hit by the manner in which it was hidden despite all the interviews,webinars etc.,

And thats what the stock needs. Also notable that since the appointment of Auctus there has been no sign of any investment by institutional investors,nor by US investoss in general. I imagine that the company is seen as a very successful non op company, but that doesn't create a successful oil company which the institutions want to put their money into. So we'll have to wait and hope we are spared further delays. And, hopefully, we won't have to suffer another repetitious Malcy interview this side of the really good news.

Quadrum. They were just "housekeeping" trades to ,perhaps to move the shares from one,(or two ),accounts to another. No shares will have changed hands.
And Evan 3020, I really liked your 12.37 post. My sentiments exactly!