Member Info for Setanta1

There was no substantial seller today, theyknowitall. All the late reported trades ,(with one exception),were buys. The fall in the sp was related to the ongoing state of illiquidity in the stock. it would appear that the BOD are just as anxious to change that as are private investors, like me, for instance!

Last sentence should have read " There may be deals being negotiated in the background but online trading is just for piddling amounts."

The liquidity of the share is derisory at the moment. There won't be any 6p, perelka, until that changes. There may be background shares being negotiated in the backbround but online trading is just for piddling amounts.

Just one fly in the ointment at the moment and that is the poor liquidity of the stock. There has hardly been a trade for over 200000 shares today, ( although there may be some background trades being worked. We'll see later.), and that isn't doing the sp too many favours. The poor liquidity for such a tightly held share is probably a residual reason for seeking the US listing.
Also some good points in you post Malbrad.

good summary, saint-tropez.

..misunderstand or misread your 13.47 post, and I cannot make any sense of the first paragraph of your 16.58 post.
You also posted at 12.55 to say :" literally just completed a successful 10m raise". Do you realise that that raise was in March, as was the "video" you were watching?
And the corrections I posted are accurate.

..but not entirely accurate saint-tropez. Clearly Zephyr has spent millions of dollars to date drilling and purchasing interests in wells and inerests in new acreage. So all of that comes out of the numbers to date. The $8m from what you call "the initial production", does not yet exist. So far Zephyr has received $140K! from the Iverson well. lots more to come,we hope, but it hasn't come yet.
And "the exploration costs" you mention are not tax deductible, only the revenues earned from the producing wells. Please don't take my comments amiss, but I do think one needs to be accurate.

The March placing made it quite clear that $3.5 0f that placing would be used to fund the 16-2 lateral Paradox well which WILL be spudded in July. There is complete transperency with this BOD! No need for conjecture!

Interesting comparison to Cove. There certainly are odd similarities given that both companies had( have ), similar strategies. One large difference is that Cove raised in excess of $300M within a very short space of time , and at at very low SPs. Also it was taken over more for it's gas rather than oil potential. And the price---£2.40 per share.
Everything I read about Zephyr makes me feel that it will be a great success, and, by the way, causes me to be more surprised that the uptake of it's shares, and their price has been so relatively slow. That, I think, is a prime reason why the BOD is meshing with US markets. They want to be in a position to raise capital at advantageous rates when it may be needed in big amounts.
This BOD is absolutely wide awake. Scarcely a week passes without some thoughtful and well conceived initiative. Brilliant!
In passing I think that some investors may have overlooked the 11acres Zephyr has acquired for $170K in North Dakota where Continental is the operator and where 24 wells are scheduled to be drilled over the next two years, and where the revenue flow will begin in H2 of 2021.
This is the most brilliant and communicative BOD whose enterprise and expertise amazes me afresh almost every day.

Yet again the BOD of Zephyr shows it is wide awake. Filing to be listed on OTC and focusing upon ESG orientated funders are two very shrewd moves which indicate that the company is very cognizant of the relatively poor liquidity of the shares on AIM.
It's difficult to reconcile the last part of that equation but I believe that with a stronger level of liquidity the SP would be much higher than it is today. Hopefully todays activity will bear fruit in the coming months as Paradox and the smaller wells begin to deliver their bounty.

the most liquid share. If it were the SP would be much higher by now. Also probably the reason they are listing on OTCQB.

Like tom111 I have been surprised at the low level of commentary expressed in relation to Zephr. From midday today there were only eight posts an almost half were cut and pastes or a regurgitation of the details of the Malcy interview. The share hasn't really caught the imagination of the usual panoply of posters who jump in when the SP begins to move, and by and large the buys are fairly low in value. I sometimes feel that when the company came to major notice those who like to buy at under 1p, (and they abound), may have felt that it "wouldn't last" and that the price was too high If so I think they've got this one very wrong. CH said he expects Zphr to deliver 720 barrels per day and I believe Paradox will that much again from the 16-2 well to be drilled next month.
There is so much set to happen in the next two months that the current SP is likely to look very low in quick time.

Hi NM, ref. your sp related questionn I think anything may be possible here by the end of 2021. I am generally astonished by the sheer variety of expedients the BOD comes up with. I've been an investor for some years and apart from GGP I haven't seen a company with such potential, enthusiasm, forward thinking and communications skills as Zephyr.
I'm sure there are many more about but I haven't heard about them. It sometimes amazes me that the company is still hardly popular if one is to judge by the low daily number of trades.

Thanks Kewben for your trenchant response. Let me say from the outset that I hope you're right and that I'm wrong. And ,yes, I was not aware that the BOD was skimping on their own remuneration.
But I seem to recall waiting a very long time before test results had been analysed in the past for GWMO and I find it hard to imagine that they might yet be so spectacular that some major would step in with funding or farm in, which appears to me to be the only way that real progress could be achieved. But like everything "time will tell".
Thank you for not taking umbrage at my post. It wasn't meant to be offensive but it aimed just to provide another perspective.

@aprogerson. You are undoubtedly the most knowledgeable subscriber on this board. Hence my remarks are directed to you. I hold the view that the magnotemeter and drilling work that GWMO has carried out to date is very small scale stuff and yet many punters here seem to think it is really large scale. That has been my experience so far . Much ado about very little and long periods waiting for laboratory results which, so far, haven't revealed anything of mega importance. The company seems to have all the characteristics of a "lifestyle " project. I really cannot see how the company could possibly become a goldminer. Apart from the lack of any important results there is the reservation about where the massive funding would come from. I post from doubt and from a little bit of incredulity. I wish all holder well. It's just........

But it had no affect on the SP!

Only about ten of todays trades for over £1000. Exciting! Bring it on Malcy!

I think you're right, theyknowitall, on all the fronts you've detailed. I was going to say: Ithink the rest of this week will be interesting. But, effectively, you've said it for me in all the points you've made. Go well.

is well and truly out the bottle after the elucidation of the various plans set out in todays results.
Although McCoy is on hold for now the progress on the 11 acres in North Dakota, where Continental is the operator, is an excellent addition to the five Williston wells which have already started providing revenue. Continental has already started drilling two of the Twenty four planned wells and the other 22 will be drilled by 2023.
I wouldn't be surprised if we were to see another fast turnround acquisition soon now that McCoy is on hold.
When I began buying into Zephyr last year I really didn't think they could possibly achieve their objectives so swiftly. But the strategy seems to be almost flawless and the execution looks brilliant.
Now we are on cusp of a startling delivery which ought to make a lot of money for Zephyr investors. And what I like most is that delivery is imminent!

Ezhik, you read it as I did. Given the considerable fall in drilling costs and the rise in the price of oil CEH, apparently, has decided to review the project. It was originally set out as a 12 well drilling and they now see value in expanding the scope of the project.. Once again we see the hard headedness of the Zephr BOD who don't wish to be involved in timelines, (and costs), over which they lack control. But the project remains live for some future time. For now they have plenty of options and ,of course, they will be heavily engaged in the Paradox drilling preparations, not to mention the four DUC wells which should come into production this month. All seems good!