Member Info for Setanta1

Thanks. I've just watched the podcast. Good to have the near date for the CPR.

Good post Malbrad. But you may remember that over the past several months I have been suggesting that the SP was being managed in relation to the next move in the company's strategy. I think we've now seen the fruit of that activity.
It seems clear to me that the company knew that if the SP was allowed to spiral ,as the ongoing newsflow would have encouraged, they would have found it impossible to raise significant capital to further their ambitious plans.
They have now cleared that obstacle, (in a usual Zephyr surprising and intelligent manner), and while doing so they have cleared the way for future exponential growth. This is now set to become, at the very least, an important medium sized oil supplier. They have huge acreage, proof of concept in Paradox, incoming revenues to finance future growth. A perfect prospect.
I am a long term holder here and todays RNS is the most heartening news I've read. How glad I am that I held on over the past six months. Can't wait to see the next CH podcast.

how will the US market respond?

And that hasn't been enough! A lot of detail in the RNS.
I think Zephyr has turned a very major corner here. I like : The fixed interest rate of the loan at 6.74%. The post tax NPV of the acquisition at £46M. The production of the non op wells going forward at 2250 bpd.
I'm not a great fan of warrants but the fact that they are not exercisable until 7.5p initially pleases me greatly. Also the fact that they are not really numerous in the greater scheme of things is good.
By the time the flow from the non ops is depleted there should be sufficient production from Paradox etc., to keep Zephyr well above the 2250 bopd.
I also like the new drilling programme for 2023.
It will be interesting to see what the institutional investors have bought! And we still have the CPR to come!
So that's my reaction for now Thebhoys. Look forward to A CH podcast. Now for another read of the RNS!

Thebhoys for the feedback in your post earlier today. Good to be with the convinced. Go well.

Yes Islandgirl, the volume in tiny. So you can take it as read that it's being manipulated with the blessing of the company. The next RNR should reveal the reasons.

They're there alright. Just take the trouble to look.

Nobody posting here has any idea what the outcome of the financial negotiations will be. What is obvious is that with a daily trading average of 8M shares in a company with 1.3B shares issued the current sp is of no great concern except to "largish" private investors. So I may as well have my guess whic is that The BOD will part with a quantity of their shares or they will sell the company!!
Note that the large institutional holders are not selling. And they (whether we like it or not), know exactly whats going on. It'll be all right on the night!

papaduke, your 11.06 post.
1. I think the CPR will be related to Paradox only. Otherwise Sproule ,(is it), would be being asked to make calculations on the assets of oilers other than Zephyr wherethey have neither control nor access to the assets. The quantity of oil in those assets will be established according to their activities.
2. More importantly I agree with the opinions you set out in the second paragraph. It is completely unreasonable that the SP is the same now as it was almost six months ago, despite endless positive news. It has obviously been held there.
My view already expressed several times is that,given proof of concept (already completed), and CPR Paradox will be sold to an important US oil company at a price already agreed and with 7p as the base negotiating price. The sale price would obviously be much higher.That would allow Zephyr to proceed as a smaller oil company with funds to continue along the non op path.
Just what I've been saying for the past four months.

Think you are not right about dana. He was the one who brought JW in. And boasted about doing it. Also he was no better,(or not much), than the current lot. I also recall being shouted down when I classed the shipyard dealings as a bad idea. Stay well,friend.

Thanks all for great contributions. Just one or two points I'd like to add:
1.I'm as big a fan as anyone of the BOD. That's why I'm invested here.
2. My problem with the illiquidity of the share is that I would like to have the option to sell in large quantity if I wanted to. I believe I am ,by some way, the largest holder on this board. And I only say that to create background for my comments, not to boast. I could not sell more than 200k at one trade unless I cross trade them which I have not wanted to do.But it is an option I will now examine. There isn't much points in having a good many millions of shares in any company if you can only sell in dribs and drabs. Nor is it a safe strategy!
3. Just a few related points:V111JAS, trades are supposed to be reported within 90 seconds of placement. The fact that they may not be reported for much longer is one of the many irregularities of AIM. And Bald Eagle , the late reported trades are invariably cross trades which do not take place via MM's.
I've already given my take on the current SP activity,( which I still hold), so I won't repeat that.

I found the two placings you refer to but I don't see what they have to do with my argument about SP manipulation. Like Malcy,(he of the blog), I'm astonished at the low MCap here.

1: Islandgirl you'll need to specify "large amounts". And I'm talking about selling. But the 200k available online today does not constitute a large amount.
2.Valuerebel : IM shares spread over four ISA deals does not constitute any proof of liquidity. Also I presume that when you refer to placing shares between October and March you are referring to warrants,(there were no placings between October and March). And the warrants exercised were not very great.
The average number of shares traded per day over the past 5 months has been less than 4m which is very low for a highly successful oiler. Remember it carries 1.3 Billion shares.
We'll have to agree to differ about the manipulation. Just a parting thought. Why is the company spending $35m buying more non op wells when it could have drilled another well in Paradox for similar money which would have provided as much oil? Thanks for your responses.

Valuerbel ,but you may not be aware that ZPHR has been rangebound circa the 7p mark sinceJune, and that despite a constant flow of good news RNS's and interviews. The SP has risen and fallen back quickly. Also you may not know that it has not been possible to buy more than 200k shares on the open market.That is not comfortable for any large shareholder.
The company is very well run and prior to this stasis the CEO consistently commented on the SP. My conclusion over the long term has been that the SP is being manipulated against the background of an important financial deal, ( sell off, farm in), and that is probably ok- in the longer term. But the illiquidity of the shares is a decided irritation for any large holder.

theyknowitall . I've decided to join the cross traders. These shares are impossible to sell in any quantity otherwise. Fact of smart investing I guess.

in a 1.3 Billion share company whose CEO is "ecstatic" about the progress of the company and posters put all that down to "top slicing", "stop losses" and such unlikely things related to such low ball trading. And the CEO hasn't commented on the erratic SP for over five months! And you can't trade more than 200k shares online! It's got to merit a bit more consideration!

is..a sale of the Paradox and the formation of a new company comprising the non operated assets! Time we had a bit of lateral discussion here!

the manipulation continues and back we go to the mid 7 pence , about 12% less than yesterdays highs, and on the back of impeccable news which made CH "ecstatic". The important finance deal, whatever it is, is clearly based around a 7p ish SP.

Your usual thoughtful and intelligent post!

An exquisite RNS didn't stop the SP dropping back in the afternoon session. The reason is in the post's headline.