Member Info for Setanta1

I meant "gasiness" not "oiliness" of the well in para 1 of the post.

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.

Another CH interview and the SP falls (again). C'mon Colin, forget the interviews and Get a few Institutional investors on board. Then you can send us the details. That WOULD help the SP!

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!

I guess you mean "non news " periods but there certainly have been plenty of such periods in the past year or so. But the BOD didn't buy any shares anyway whether the market was open or closed to them. That's the important point! Thanks for your reply.

It's the thirty day period before a financial report. And ,though there may be exceptions to that, can you tell me the last time any of the directors bought shares? They've had ample opportunities. With the exception of CH I believe I hold more shares than the rest of the BOD. Not a good look (for them), is it ?

as far as the shareholders are concerned since August of last year when the SP was 6p and State 16-2 had been successfully drilled. We've had no news whatsoever which has had a positive valuation effect. The much anticipated CPR turned out to be a damp squib after all the hype. CH was telling us tht 16-2 would be brought into production "as soon as practible", and we're still waiting. Does it really take more than 10 months to bring a successfully drilled mine into production? That's a serious question!
Somehow the gilt came off the gingerbread here when the finance was being negotiated here just before year end.
A few things to remember: the crypto will be a small event. At the rate 16-2 is being brought into production we are unlilely to see any production from the new wells before 2024.Nothing has been done to improve the liquidity of the share meaning tha the sp is flipping and flopping on the back of risibly low trading.
The very least the BOD could do is produce a credible timeline for th various activities and stick to it. Oh, and they could also buy some of these low priced shares!!
Also remamber the much vaunted pipeline is for gas and that should be part of the clear information.

....that there maybe a further problem with State 16-2. The lack of consequential news here is amazing! And the affect on the SP is equally amazing!

Ref your 13.29 yesterday reply to my post I think you may have enlightened me . Your post made the equivalence between gas and oil in the BOE aspect quite clear and I now believe that that is what CH was referring to. Thanks for the clarification. Go well.

Islandgirl, there wouldn't be a Paradox without the non ops,(or some other source of finance), and there won't be a buyout,(or certainly not for a long,long,long time, if ever). That's all dream stuff. Keep a closer eye on the RNS's and on what CH says.

in your suggested strategy,(Islandgirl), is that the bulk of the non ops,($36M for the last Williston batch) were bought to fund the Paradox project, and they also have a finite life. So just buying them for revenue is not a forward looking strategy.
I believe State 16-2 will be successful. What irks me is the length of time it has taken to bring it into full production, and,(in my view ), the lack of clarity relating to the methods.

for that TDav but CH has declared on several occasions that Zephyr will be mainly an oil company, with gas as the bonus. Can't find the references just now but when I do I'll post them for you. Meantime I'm sure some of the longtermers here who do their research will support me on that.

In response to a battery of questions CH appeared to say that Zephyr might lay a pipeline,or they might get someone else to lay one on a commercial basis,(for oil?), or that they may truck the oil to a railhead for transmission to a Gulf refinery, or they might use the Dominion pipeline,(for gas?), and that they might use that pipeline for the three upcoming wells,(for gas?), and that they will sell gas to crypto miners,etc,. Seems to be more talk about gas when Zephyr intends to major on oil. And if trucking the oil from State 16-2 is the best option why has it taken them seven months to do it ? Confusing!

Srdoddy, I agree with your assumptions about the gas and I was hoping that will be resolved very soon. Thanks for your reply.

Thanks Hoarder and I agree about the unfulfilled promises "echoing around the tv studios".

And, V111JAS, I am astonished at how much I am in accord with the myriad of points you made.Why CH couldn't have been quite clear months ago, for instance, on the requirements necessary to bring State 16-2 into full production just baffles me. While he was negotiating the finance we might well have been able to reduce the amount which had to be raised if we had production from that well.
There are so many excellent points in your appraisal that I'd be typing here for a long time to cover all with which I am in agreement. What pains me most is the very diminution in transparency you refer to. Thank you for a first class resume. Go very well !

Something very oddd here.( Worth repeating!)

4 million shares traded out of 1.5 billion. Some very odd here.