Member Info for Setanta1

Quite right Snapper. Doesn't the lack of reliability in this Bod just make your eyes water!!

A good news day and acouple of dozen trades , with about two of any importance and they are labeled as sells. Fact is that with about a month before any expected news,( although that may be wrong ), the punters have as usual decided to wait. The 30% gain ambition on not very much investment is about the height of most Aimers risk profile. I came in here with much much higher intentions than that. Aim is not what it used to be and has all the appearance of a dieing system useful only for chancers to raise cash to furnish their lifestyles at the expense of very small investors. But one misses the buccaneering days !

I understand your point Adon but there is bound to be criticism when the BOD give a strong impression of being as inept at managing the share and its price as this one is doing.

Be assured that the CPR is already well known and it will have been divulged to the party Zphr is negotiating with in relation to the farmin or sharein. But if it had been made public the effect would have been to cause the SP to move up considerably,something the investor doesn't want to happen for obvious reasons.

Meanwhile the AIM investors sitting on the fence are in grave danger of losing a priceless investment opportunity!!

This mornings sellers were almost ccertainly small timers chucking their chips in and hoping to get back in later. But that strategy has its limits and it will never earn you a fortune. At the current price ZPHR is a bargain or it will go bust. You takes your pick!

..with James Oxford and ollworker 1. I still hold the vast majority of the shares i held three years ago and I am certainly not happy with the drilling progress nor with the mixed messages we have been givem but ,oddly, I don't see this as the time to sell.

While we are waiting for the lateral drill there are many things which can cause the SP to accelerate. They could, for instance, complete on the $7M finance for the lateral and,more importantly they could complete a significant farmin with a prestige oiler which would propel the SP overnight. I believe the farmin will be achieved in the short term.

A major problem with Zephyr is that the majority of the BOD are not really oilmen and they are struggling with a concept which they don't appear to understand very well. They seem to be perpetually surprised by events at the drilling end. Nor are they financial negotiators. The paltry $7M of the latest finance has, so far, taken almost three months to negotiate and they still haven't finished it. Their commercial nous appears to lie in buying into nonops with shareholder s money, which won't butter the parsnips in a way that will improve the SP in any significant manner.

They need help from more experienced oilmen. That's why the farmin is so important. May it come soon. Very soon!

... that the spread which has been in the 8 to 10% area for most of the past month has suddenly been reduced to very little!

And ,Kevin Round, the new broker shouldn't concern you. Canaccord is one of the best in the business. In fact I imagine that such an appointment is very likely a prerequisite for participation by the farminer, and it is clearly a preliminary for a bigger profile in the US institutional market.

Our hapless BOD. They've let the MMs carry the SP below 3p which wasn't the intention. So now they're going to have to produce some news, or a Malcy interview, or get the $7M finally approved, in order to get back to where they want to be for the farmin discussions. What next!!

Your second paragrah got it just about right !This BOD has failed to get very much right in the past three years and just as bad as the failure to deliver on time or with accuracy on its promises is its patent lack of honesty . No wonder the SP is where it is !

You didn't leave out any oily bits but you did leave out all the BOD bits,(and I'm sure that was you intention ), because reality plus your resume indicates a group of very well paid people who have made a not very good job of developing what , on the face of lt looked a great development opportunity.

Three years ago CH declared quite firmly that Zephyr should have input from American institutional investors and he declared that he was going to put that right. Result: they still have no US institutional investors !

Three years ago the SP was more than double the current level. The BOD rarely comments but they have done nothing to improve it. Indeed there are strong signs that they have worked, and continue to work to keep it at a low level.

The BOD raised $7M to drill the latest lateral and it has taken them just short of three months and that paltry sum ,.in oil company terms ,is still not completed. Heaven knows how long the "negotiations" with a farmin partner may take.

They don't come across as either very competent, or very truthful. A plty because they have a lot of my money.

The SP is still being held down with a 14% spread to discourage the buyers!

By the way kipperfoot that was quite a droll post. I think your 5p baleout is likely to be surpassed in fairly quick time now!

My moniker is Setanta 1.

I hold a lot of ZPHR shares and I'm still in profit but having a very large holding I'd like to see the SP increase rather than stagnate or fall. I have a benchmark set at which I'll be selling . I'd rather arrive at my benchmark sooner rather than later. I make no comments about what your strategy may be but looking at five year charts in relation to AIM shares doesn't seem too bright unless one is playing about with a very small holding. That may ring a bell! No more to say now.

...what's going on here! The timelines are incredible. Any kind of positive action seems to take eons to happen. It is small wonder that the market is so slow to react positively to any RNS or interview put out by the company.

The $7M is akin to high street bank lending and that took over a month to negotiate the terms and,so far, the better part of another to get it inked on paper. Every time the BOD declares an element of progress nothing happens for several months. Why the BOD can't make a few probable assumptions and present a likely plan is a mystery. One thing is for sure they have no idea how to impress the market!

Just one further aside James Oxford : How can you possibly conclude that the SP isn't important and that it's largely down to our Labour government. From the sandpoint of investors like us the SP is the ONLY imortant thing and It has been languishing for over two years, much longer than we've had a Labour government. Have a bit of sense man!

Bang on dsrt. Succinctly put. And a disgrace for this so called BOD.

To the £1000 buyers as before the RNS ! When oh when are we going to see a reasonable and sustained SP rise!

By the way $7m is a chicken feed investment in the oil industry. $50M might begin to talk turkey!!

... the manoeuvering goes on, with the SP. A mere 7M shares traded on news of a $7M investment and the spread set at a phenomenal 7.7% to deter buyers and to keep the SP at a level 50% lower than it was three years ago. It almost does beggar belief. Yet more waiting!!!!

....... but still a ****poor trading level !

..the hour is at hand. The almost complete drying up of trading, the return to a wider spread, and the now urgent need for the company to get on with it's plan for Paradox all point in that direction. It may be the last chance to get into some cheap shares!!

Where you're coming from Banburyboy, but your supposition isn't right. Over the past month of trading the average daily number of shares traded has been about 2M and this is a company with 1.7Billlion shares issued. So trading is ,moreor less, irrelevant. The company is in negotiations with investors who they expect to make a considerable innvestment, and neither party wishesthe SP to rise until that input is guaranteed. The trades we are seeing on a daily basis are from small time investors who put in a couplle of thousand pounds in in the hope of making a minor killing ,and others who have the need to divest themselved of their holdings for their own good reasons. Tradingwise nothing will be of consequence until the inter party negotiations are completed.

Ten trades with just about 1 milion shares traded in a 1.8 billion share company ! Where are the shorters? Get sense!!