Member Info for Setanta1

mcadder, there is something worse than a smug poster. An ignorant one. Have a look in the mirror!!!

I sold all my shares here long before the consolidation and predicted, as I did so, that the SP would never reach 40p again, ( .40p then), and I was roundly derided for the sale, and the prediction. I sometimes dip in to see whether my prediction has been realised, and I'm always surprised to see how many of the posters from that time are still here,(eg Ayererdowt, Nobby, Blair Peach,), and apparently still invested. Hope, it seems, really does spring eternal.

V111JAS, it'll all turn out ok in the end. It always does. Meantime stay well clear of the gas oven!!

..one quotes the 7 June RNS and the other adverts to the waste of time in the sycophancy of Malcy interviews and calls for even more accurate time details in relation to the details contained in the RNS with an avoidance of waffle. Nothing contradictory there, just a reinforcement of the need for clarity in the information

Those last two posts said it all succinctly and accurately. Nothing more to add. Well done guys.

Thanks for your comments. But the Crypto facility isn't due for three months and there are a few "ifs" inyour post Evans. I've been here almost two years and I am less confident about what we are told. We are still a non op oil company and if anyone had predicted that even a year ago I would not have believed themm!

...completely see your point The Chain but my reasoning is that even when(if) the new Paradox wells are successfully drilled there is no way for ZPHR to pump the oil until the Dominion pipeline is up and running. So what potential new investors will be looking at this year is a company solely based on Non ops which they may see as covered by circa the current price. And,(I believe) ,that no Institutions will buy into a company which has no production of its own. Non ops are seen by institutional buyers as temporary and downard trending in the future.So Auctus will be having an uphill battle. The only error I see in the ZEPHR setup is that they don't seem to have had any plan to deliver the oil once they had discovered it. And the presence of so much gas in State 16-2 means we are stuck with non deliverable oil. I'd much prefer that you were right but I've set it out as I see it.

V111JAS: of course those sells affected the SP. They were REPORTED at circa 8.50am but they were probably PLACED at opening when the SP was circa 8.50p. You need to understand how the market works!

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

Brent -1%
US big oil - 5%
Trinity (medium oil) -2.3%
ZPHR -9%
But unlike the others,(and the rest of the market) ZPHR also fell almost 20% last week. A bit more than odd!!!

ZPHR shouldn't be troubled by the US market, They have next to nil investors there. In fact that's one of the great weaknesses and it suggests a certain lack of confidence in the company.

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.

But hardly mentioned on this board. I sometimes wonder whether the subscribers here have very much,(if anything at all0, invested in ZPHR!

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.

A lot of wisdom in your post, The Chain. Hope you may bre right about regular news flow . Sorry to hear your investment is negative ..... for now!

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.