Member Info for SpArmada

BTW, I'm saying it isn't excellent, I think it is a very mediocre deal. Although, I'm still excited for Akatara first gas next year. The key is to see some production stability in the next few months.

Please, do the math next time before writing such misguided remark. Listen what the company said: it will pay for itself in the next 2 liftings (which I doubt because I'm sure they will see capex in 2024). Unless, they sell the oil in next lifting at $200/bbl, maybe that was your expected oil price.

And that business model works and it very profitable when YOU BUY CHEAP, like the acquisitions in Malaysia

Buying another stake in assets that require infill drilling to control decline with more than $100M in liabilities is precisely the opposite of good for cash generation.

JSE is assuming a $100 million liability for 2,300-2,500 bopd, are you telling me this is more value accretive for shareholders than buying its own shares? He can buy at least a third of its own stock that is producing more than 13,000 boepd at this moment. No cashflow generation until 2026 at least. Instead top management will assume this monster amount and will pay themselves a bonus.

Blakeley should be out for retirement, his good days are over.

I enjoyed it, I have learnt about other companies a knew nothing about. DNO and Forza seem interesting and I'll research them.

Downhole pressure is 1 aspect but not the only one. Without the required permeability, pressure will drop very fast, something like it happened in Federal 28, there is flush production that quickly declines.

Many of you (not everyone) in this board know nothing but to insult and repeat what the company says without a hint of critical thinking, I truly pity you. For god's sake, stop repeating the fallacy of authority and look at what has happened at Paradox in the last 12 months. Yesterday Colin recognised in the interview that 16-2 is ready to produce but they don't have secured the contracts and the infrastructure for selling the gas. Again, if that doesn't make you get mad at how the board is making decisions, particularly when Zephyr owns 100% of any production from 16-2 or 28-11, I don't know what could trigger any kind of critical response. I guess your bagholding makes you partial and need the share price to recover without any kind of criticism to the company. Again, I pity those acting like a sect rather than investors.

I'm not a shareholder but I'll be furious seeing they are paying $0.6M for more acreage with the condition of spending $6M, instead of completing the gas infrastructure and begin production from 16-2 and 28-11. Since I first came across this company I have hoped they closed the gas sales agreement and prepared 16-2 for production of oil and gas to finance the remaining development of Paradox, following the most elemental process: drill, complete and tie-in, over and over.

I still hope they solve current issues and extract value from Paradox, but they may need new faces with different ideas for that to happen.

Only a very naive person would say that. They have just confirmed they can't continually produce from the Federal 28-11 well because they haven't completed the refurbishment of the gas gathering lines and processing plant. The state of 16-2 with the issue of the high salinity is unknown, plus any steady production from it will also depend on puting the gas lines in order. They are too focused on 36-2 they forgot the other wells, or maybe it is because they cannot afford to invest on the preparation of the gas infrastructure. I don't know why they didn't laser-focus on bringing these 2 wells into production ASAP, that means more cash in the bank and less financial risk.

Aside from the lack of gas infrastructure, they now decide to spend $0.6M on more land and commit to drill a well with a cost of $6M which they recognise that it may not be drilled at all: "Alternative options include ... not proceeding with the project". Now they drop the "Helium" bomb, which is an indication of how lost they are.

Everything here is a big gamble on those new Slawson wells to fund other operations in the Paradox and expect that the insurance company takes every bill.

Shares won't be cancelled, the listing/admission will. You will still own shares of a private Co.

Ithaca has Cambo and Rosebank, you can discard it. I see Neo Energy and Shell as more realistic options

*Couldn't

(I wonder why LSE has changed al capitals to lows)

misleading rnss my ****! you had several posters countering the ludicrous statements made by the pumpers. the company was in great danger due to southwark disaster, after that and the decline of the nbp, it could pay its debt. simply as that.

Be careful with what you wish, other people who read you saying this would be 10p by the end of this year or beginning of the next may try to hold you accountable for posting that. Are't you a fan of suing people?

If you don't like to read me or other, it is fine, just, filter me. However, trying to silence less optimistic participants by threatening with going to court is the opposite of liberty of speech and tells what kind of person are you. If you don't like a point made by other person, just refute it, don't call that person scum.

If the company doesn't say they will recover ALL COSTS, instead it adds "substantially" to the sentence, it is because there is no 100% guarantee they will. Also, the cash position is weak at this point and ZPHR needs to invest a lot more than for the recovery of 36-2. The insurer will not pay for works at 16-2, refurbishment of the gas plant or the deployment of the gathering lines at Paradox. They need capital, either equity or debt. There is a huge expenditure and the current production cannot cover all these expenses in a short span of time, like it or not.

"expects to recover substantially all costs associated with the well control incident"

It is substantially clear they cannot confirm they will recover all costs, so it requires a huge audacity to claim they will by a person who isn't an insider.

Never marry a stock

I have been accused in this board of trying to deramp this company and being very negative. I'd let the SP speak for itself to confirm whether my comments were or weren't on point.

" if they don't secure the support of shareholders to raise some capital"

I didn't say it will, I used the conditional. They will need to raise capital and the markets are really tight right now. BTW, don't cherrypick the information in the RNS, take a look at cash and debt and the remaining huge capex to connect 16-2 to Dominion plus recover 36-2 with the side track, which may be funded partially by the insurer, but it is very weird the company depends on the issuer's opinion to sort out the issue.