Member Info for Setanta1

SP rises early doors. Then the power that be get to work on the spread ,and,( in spite of pathetic numbers of trades) , they reduce the SP by mid afternoon. No news whatsoever on Paradox. In fact no news on anything apart from a tale about the CPR. All this despite the fact that Brent is over 130$ a barrel and every oilers share price ,( almost without exception) is skyrocketing. Good time to buy if you believe in the company!!

Of course the BOD of the company know what is in the CPR and they've known it for a long time. Otherwise why were they considered an inside party at the time of the placing. Likely any possible JV party will want the SP to be kept down to control the cost of their involvement. The BOD are informative but they're not fools. There is a mountain of production information which could be released but they are not doing that. Something is certainly being hatched.

As soon as the SP shows any sign of rising markedly the spread is raised in order to put a stop to that price rise. They did it again at 10.40 this morning. For some reason the company and it's broker in collusion with the MMs want to keep the price down. Yet again!

Greening related savings I imagine. Excellent shareholder activity!

If the above were to indicate that Paradox may hold 1 billion barrels of oil that would,likely, trigger a joint venture in order to accelerate the exploitation of such an incredible asset. Is it possible that such an arrangement is being negotiated even now? Something has undoubtedly delayed the publication of the CPR. I'm hoping for a positive reason, and that would be about as positive as it could be!

since lunchtime and the whole lot didn't amount to £1M. Certainly need some news. And what about the much vaunted new institutional investors?

Like you ,papaduke, I'm quite surprised that there hasn't been a single declaration by the II's. So we have no idea who bought the placing shares.
"Current price being held around 5p for the churn on the placing ",doesn't make any sense whatsoever to me !
The collapse in the SP was due to the relative failure of the financial negotiations just before Christmas. We really do need some stirring news because confidence is clearly declining ,and that is a commodity that can be very hard to regain.
The Zephyr SP was over 7p eight months ago but it then had liquidity problems which meant one could hardly sell 100k at a hit on the open market. We're a long time in the doldrums and we deserve a fair wind for a change!

are just part of one "housekeeping" transaction. No shares changed hands. The time difference in the reporting of the trades was down to MMs lassitude. The price action so far today can be based upon the rest of the reported trades.

Kennymac 2610. They are accurate and informative and they will certainly save (me ), a great deal of backreading and relistening. I also agree with your conclusions. Thanks.

I don't believe you're going to get your wish any time soon. It'll be a long time yet before ZPHR is remotely ready to be sold off. Just keep the faith. Thus you'll prosper.Go well.

Well at least by a few punter who are probably frightening the Bejasus out of half a dozen more. Where were they during the second half of 2021 when the SP went absolutely nowhere as it was held back to facilitate the funding of Paradox. That didn't work out as planned and the BOD had to let the sp slide to 5p to facilitate a placing. ALL to provide Funding for Paradox!! And the BOD had to accept a placing with it's concomitant dilution.
Blueshoes: how do you imagine the BOD could have "focused on the development of Paradox" without the assistance of the placing ? You rightly highlight the 7M shares per day traded. It's also been that way for the past 7 months but nobody, (apart from me), was complaining .While the SP was being managed the liquidity of the stock was dreadful. But no one complained about that either.
Now the dust has settled. ZPHR has new Institutional shareholders and augmented "old" institutional shareholders, so the liquidity will be addressed, there will be a market for the shares and the SP will rise. An interesting point is that throughout the past 7 months none of the current institutional shareholders sold . And believe me they know more than we do!
Another few weeks,post CPR, I reckon the situation will change and the SP will resume it's upward path. Well I haven't sold any of mine!!

And there may not be much until the end of this week when the second, 170m tranche, of the placing shares is sorted. Todays RNS was good and it was probably putout there to give CH a good background for his webinar. Now he's got something upon which he can comment.

I don't like warrants because they seem to hang about when one has long forgotten them. But in the case of those attached to the placing I think the management didn't do too badly. There are "only" 66M of them and the have to wait until the SP reaches 7.5p to acquire them. 66M against 1.6B plus is not very dilutional, nor should it cause too much bother to the MCap. The placing last was for 500M sharres. Now that was very dilutional.The worst effect of this latest financing has been the fall of the SP from 7p in June 2021 to the current 5p to ensure it was competed. That I did not like. Now I'd like to see some sustained SP recovery.

Only a portion of the nonop production will be hedged to ensure cash is always available to finance Paradox.
In the current oil price environment ZPHR is unlikely to exercise any contracts related to hedging. That would only change if the oil price shows significant signs of falling.
Good topic for someone to question CH at the Webinar. He'll provide all the right answers.

In the Rns CH said that the details of the CPR would be ANNOUNCED in "the coming weeks". That was dated 26January.So perhaps next week, after the Webinar!

Thebhoys, I just saw your mention of my insistence over the past seven months that the SP was being managed. Well it turned out to be correct. The company and its brokers didn't want it to rise for fear of ****ing up the finance and clearly the Christmas recess they took in their negotiations was more related to the difficulty of those negotiations than with Covid, as claimed.
Anyway it's all fixed now so we can breathe easily.Interesting point is that there were a couple of relatively high roller punters,on this board who were still buying in largeish at 7p, so they obviously ignored the opinion.
I'm greatly looking forward to the CPR. I still think we have a matchless BOD and ,like you, I'm super confident for the future. Hope all is good with you. Go well.

The last post should have been addressed to V111JAS.

the "total lak of volume" you referto has been affecting the SP for at least 7 months now . The average daily number of trades in that period has been less than 10m, and that in a company with,(now ), over 1.6Billion shares in issue. It should be clear from the latest financing details that the SP was well and truly "managed" with an eye on the expectations for that finance.
We can only hope that the CPR and the ongoing news from the nonop wells is enough to give the SP the acceleration we all hope for so that it catches up on a great deal of lost ground.

Remember that the portion of production to be hedged will come from the non op wells. So there is still a measure of oil price risk.

Thanks trumble, you're a million miles better at that than I am . I would certainly accept your SP estimation, and be very happy with that. Stick around on this board. It certainly needs someone of your ilk.