Member Info for Setanta1

Hi Thebhoys, like RTB I found it interesting that they are proposing to drill a well which is outside the WSU and for which 3D seismic may not even be available That infers confidence in the prospects for the entire Zephyr acreage rather than just the,(very considerable) WSU area. Exciting times coming,I think. Go well.

Good post and I understood the lease lengthening function of the first of the three wells. Your take on the second well proposed is very interesting and implies even greater confidence. Wonderful company to be following! Go well.

I'd guess at a buyin in some form or a sale.
The two wells planned for 2022 seem to be related to satisfaction of the WSU and I see the WSU as part of the prep to satisfy a partner or a purchaser. A positive CPR would complete the work for due diligence as negotiations proceed.
No poster,(apart from myself), has commented on the direction of the SP which,( I think), has all the hallmarks of ongoing management. It has been range bound for several months despite a constant flow of postive news from the company. Daily trades are relatively few and decidedly paltry. So something is restricting the SP.
CH has already stated categorically that Zephyr is not a "lifestyle" company and that it would be for sale under the right circimstances. So I would guess at a sale.

Malbrad. But don't you think that the WSU may be a prerequisite for a buyin or a major investment? I do . How else can one begin to explain the share movement in view of today's magnificent news? Go well.

The formation of the WSU will make the monetisation of Zephyr's assets so much easier, and the upcoming CPR will add to that certainty.
Also good to see that two new wells have been scheduled for 2022.
And the SP just stays steady. For now!

That is someone who invests in return for a share in the business,duffs 55.
Ps. CH has already helped to provide me with a huge return on my investment in Zephyr. I have no complaint whatsoever.

The fall in the Sp today has nothing to do with the latest warrants , nor has it anything to do with MMs chasing stop losses. It is very simply related to where the Company and its brokers want the SP to be at this moment which is where they've kept it for the several months.
And the reason ? Zephyr is dealing with a buyer in or a significant investor who is insisting that the SP should be kept in the 6-7p range until the negotiations are finished and the deal is finalised. And that cannot happen until the success and the scale of Paradox is known beyond any doubt. So there!
Just one add on . Apart from their duty to try to make a market the MMs wouldn't cross the office for the piddling trades we're seeing lately on ZPHR.

Yes penstock, the shares in issue will increase by the ,more or less 3.5m to be issued, and the price might lower, but only by about .05p per share. Not important.

The MMs have got the message, and the SP manipulation goes on. Less than7M shares traded.Hardly worth talking about in the scale of shares in the company. I bought more than that in a single trade! As for the water mentioned.Rubbish! There has to be some water. Wait for it!

MMs under orders as before. They've got their instructions. SP management. It shall not pass the 7p environs.Simple enough!?

The destruction of the Queens English on this board is quite staggering.

I clearly agree with you, Thebhoys: It's a (very) good place to be. But I see the reasoning differently. In my view the MMs are not the prime movers here in relation to the SP. I think it is the company through its brokers, neither of whom want the SP to get out of the range it has been in for the past couple of months.
Read the comment in my previous post about the company's wish to attract " industry or financial partners". What those partners require is certainty about the prospects (of ZPHR), and an attractive buyin price. So the MMs are ,in my opinion, under orders to moderate any price rises for the moment.
At the moment a good trading day comprises 10-12M shares . In January it was 50-80M per day. But the SP then was around 2p. So no threat to a future buyin on good drilling news!
One only needs to look at this BB. There are hardly more than a dozen regular subscribers to the board of what looks like a runaway success. But 7p is a bit beyond the dreams of dreaming punters! When you and I began to buy in here we were paying around .8p. That's the price for dreamers!
Give it a couple of weeks or so and the scenario will change. I think.

is due very soon with its updated resource estimates and maiden reserves. This data will undoubtedly accelerate the efforts to attract financial or industry partners for a faster development of the resource. This is all about to become spectacular, I believe.

And if so it certainly won't be for a long,long time. But it looks as if the brakes may have been taken off and ZPHR is being allowed,at last, to exit the range bound territory in which it's been held for several months.
So a buy in of some kind ,or some similar investment, may well be on the cards.
The coming week or so will tell the tale!

Grahamesme, a supply and demand market economist!! My advice to you is to buy some shares there and AIM will teach you all ou need to know.

You have completelymisunderstood my previous post. I didn't say that the activity of private investors as "limited". I said it was "inconsequential" in the present circumstances. And so it is since it has no daily effect on the SP worth talking about.And the price is rangebound because it is being managed to be that way. M view is that the MMs are "in on the act". Thanks for your comments but please read and understand the points I am making. Otherwise it's a pointless dialogue.
PS. Read Thebhoys post . He understands perfectly what I've been saying.

Thanks for your response, Grahamesme. The average number of shares traded daily over the past two months has been around 7M. That is a laughable figure for a company with over 1.2 billion shares issued. And MMs can cope with that level of dealing forever. The daily activity is constant. A slight rise am and a return to the 6p area by the end of trading. The activity of PIs just now is more or less inconsequencial. And it will remain so as long as the SP remains range bound.
Thanks for your interest, and my ink has now run dry for another day or so. Go well.

For what it may be worth I guess that the BOD is negotiating something spectacular. It could be a farmin, a part sale, or even an outright sale of the company. After all the BOD, like any one of us would like to see a return on their investment in the short term. The key to any such possibility is successful production from Paradox. The other,(smaller), investments which have been made are just failsafes and will provide investment revenue should a grander scenario not be feasible. So we wait for confirmation of Paradox production and a clearer view of the potential of that asset. If Paradox , which has not yielded for decades, turns out to be a mega success then ZPHR will become most sought after b both oilers and investors.
I also think that if there were no restraint upon the SP then ZPHR would be over 10p at this point. Instead, despite brilliant news it's gone nowhere for the past couple of months.
Just guesswork, of course, but there is something illogical happening here.

NorthernMagic, the SP has been treading warer for the past two months with the exception of the 7p spike which was quickly reversed. And that despite some astonishingly good news. There are clear indications that the SP is being managed. Why? We don't know. When will this stasis end? We don't know that either. But it is frustrating.

1. the first declaration threshold IS 3%. A buyer is supposed to declare their holding within two days of exceeding each threshold. The rule is not always respected but that is the rule.
2. The NMS is just a minimum quantity of shares which the MMs agreed to provide. Above that number they can buy or sell as much as they wish. The NMS figure for any stock is listed on this website under fundamentals.
3.The Morningstar rating shows PM as holding 57.5M shares on 31May.
4. The liquidity problem is troublesome but not too unusual in a company where so many shares are in so few hands. There is also a possibility that the SP is being restrained ,with the company's blessing to accommodate acquisitional buyers who will not build a large stake above a certain price. Nothing unusual there!