Member Info for SpArmada

This will end 2024 at 700-800p, there is no floor for the natural gas after winter with growing production in the US

It is what they said, they are moving away from the energy sector. When the deal is closed, they will have 6 months to wait for preparing the sales of their shares, I hope it is through a secondary placing. It will be easier to find buyers after the shares are listed.

I hope this is not one of Zephyr's non-op properties in Williston, it would make it a recurrent problem: https://www.kfyrtv.com/2023/12/23/oil-rig-explosion-near-williston-fire-still-burning/

Just saw the tweet doesn't include the link: https://zerogcos.substack.com/p/harbour-energy-acquires-wintershall

That same guy has released the full article, it is free and quite interesting: https://x.com/oilgastourist/status/1738517368291135727?s=20

The comparison in this chart shows that the company is still very cheap compared to other. Let's see if some institutional investors start buying here: https://x.com/oilgastourist/status/1738166923483881916?s=20

You give a lot of advice to end it with #NotAdvice

I do wish it goes to 250p, I don't think you totally understand how ridiculous the share price is right now

Just think: what could lift the share price in the next 12 months? If you cannot see any milestone that could push the share price up, why holding it? First oil is years away, so the only relevant news would be the granting of more licences. However, these licences come with a series of commitments that will require hundreds of thousands of pounds in their analysis.

After seeing Pilot's farm-out deal, I doubt that Steve and Alan will sign a PSA that is benefitial to shareholders, in the sense of a distribution of capital. They are the only winners with this deal; the company will pay all its debts and will keep the business going, while they work in these new licences and earn their C-level salaries. I wouldn't be surprised if they did another placing as early as H1 2025, once they have spent all the cash (TGS is another winner here).

Are you aware that Akatara is a NG project?

Same thing than buybacks but organised as 1 sole transaction, the company decides the amount of shares it wants to acquire and the price range of the tender, then shareholders can bid their shares at their desired price within the given range

Do you have the source? I didn't see anything mentioning 48h

Https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-67631013

Well said, Charlie. Confidence must be restored and this RNS demonstrates that they are in the right path. Crossing fingers for them continuing the good trend. I hope they don't repeat past mistakes.

That's the message I was replying to. I have lost faith on ZPHR's team. The Paradox has large amounts of hydrocarbons, but CH and his buddies have shown unable of delivering on their promises.

That's the message I wasn't replying to. I have loft faith on ZPHR's team. The Paradox has large amounts of hydrocarbons, but CH and his buddies have shown unable to deliver on their promises.

Correction, market doesn't have any confidence in the team

Lacking somes signatures is the same than having not reached to a final agreement: 1 additional week is needed. Take your own advice and read: "I hope this deal isn't scrapped in the final hour ..."

It isn't good news, the farm-in partner and Orcadian haven't reached a final agreement after more than 2 months. I hope this deal isn't scrapped in the final hour ...

That's the market telling you how good the deal is and how little it trusts Blakeley

That sounds great but who is going to spend millions in refurbishing an old plant that will be used to treat the gas from several wells that have been problematic? State 16-2 has its own problems, 36-2 is a big unknown and the existing wells didn't produce high volumes and have been shut-in for years. The problem here is that the Zephyr gang has overpromised and underdelivered in Paradox Basin for the last 2 years. Waiting for the cashflow from Slawson to pay for this will delay it another 6 months at least. As I said before, I think the company will need to raise equity and/or debt to fund all the projects.