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Must congratulate the team on laying that pipeline though, all the unworkable cold weather we have had, not forgetting the heatwave that put pause to lesser companies, they give a date and they hit what they promised fair do’s. Shame that now we have a pipeline in October like we were told over a year ago Zephyr are nowhere ready have benefit. Now investors are requiring some truth, CH finding it hard to give any news at all.
Let’s cut to the chase. In two years Zephyr have drilled two wells none have which even a confirmed production flow. We have had none of the BS given to us by the grinning CH ( is it a grin or is he laughing at us ) 3 wells online in 22, forecast of a further 10 wells in 23.
As for investor value he has done nothing but use us as funding for one acquisition after another not adding any value to SP but securing salaries and partner payments.
We have no funds for development (as proven in the last fundraising for 36-2 repairs, no permits for future drills, no actual plans or timelines for any production.
So you may ask yourself why so many are selling, simple they have had enough of the never ending excuses and broken promises given by CH.
let’s look at the latest run of statements, 11-04-23 interview, we will be back to production testing 36-2 in weeks not months (now over 5 months later that’s 21 weeks to some)
The CEO is a clown , the company becoming a farce. I’m trapped like many a production test at 36-2 my see us at the 0.06 again that will be me. BOLA
Tony 1963
Sorry but totally disagree, we just need the truth. We’ve had the optimistic BS from CH for the last two years, hence the SP is where it is and the share has no market trust. If he had been truthful 2years ago when he knew the problems with 16-2 and how long it would take to production, I don’t think the SP would have been any worse off. But instead he hyped things up, did a massive U turn and spent 36 mill feathering the nest at the same time pushing investors heads under water, and trapped. Can’t believe the first RNS after the begging bowl was out, was to inform us of more padding for the years to come. So please no more BS.
As CH preferred to use the term weeks not months when we would be back testing, it’s only been 18 weeks since the blowout (not 4 1/2 months ). Starting to believe the man is a Pathological liar, either that or he has not got a clue, and so far out of depth, that if this project is to stand any chance of success we need a JV or BO. This treating investors with contempt is not good.
Look it up. It’s a condition that I’m afraid CH and a lot other CEO’s especially within AIM struggle with. For the last two years we have not been given one correct milestone (other than acquisitions and financing)In most cases Time blindness effects future time allocations, but as for CH he is also struggling with the past, take the AGM Statement.
Thanks to our recent drilling successes (which achieved flowing hydrocarbons from both wells we have drilled on the Paradox project to date)
The two recent wells he is referring to 16-2 drilled 2 years ago, 36-2 drilled 6 months ago, both far from successful as to date we have not got production rates from neither .The trouble we have now is instead of CH acknowledging his condition and the embarrassment of being so wrong on so many things,he chooses to now show contempt to the investors.
17 weeks since the blow out CH statement we will be back testing in weeks not months. Would it not have been quicker and cheaper just to drill a new well.
It is what it is, would be quite comical if I hadn’t so much money tied up here. Best luck all
Before we get talking about more acquisitions let’s concentrate on production . Non Ops are fine for giving company salaries etc. but do very little towards SP. Let’s not forget, so far out of all the a monies that us shareholders have paid for these acquisitions, we have drilled 1 well , ( for which we already had the money)the share price has halved,and when we did need some money to fix 36-2 we had to do a placing. I would be very disappointed if we purchased more Non Ops before putting aside any spare cash that may be needed on pipelines etc. on getting some oil of our own to market. That AGM statement had a few leading lines in it ( rest of 2023 moving towards production while growing Non ops). 3 wells online by the end of 2022 ha ha remember that one. Be back testing in weeks , not months, back testing in June, if not June early July August next week. Feeling very mislead.
News before agm on 26th?
Would rather an RNS with some fact and truth in it, rather than more of the same speculative fluff, before the day to keep a few voters happy. CH has had 3 stabs at giving news and dates on 36-2, it needs to be on the ball this time. Personal at the AGM I think their reins need pulling in a bit, until they start delivering some of this stewards of investors capital that they preach.
But yess it would be nice to get some news before the 26th BOLA
The relevant quotations again from the never once correct CH 1) we will be back testing in weeks not months, 13 weeks later. Take 2) we expect to be back testing in June. Over. Take 3) if not June early July, appears to have slipped by, never mine he’s hell of a nice bloke.
I have a question, now that the truth is out that we could never have any production from 16-2 or 32-2 until we have infastructure from a 3rd party pipeline ( which I suppose we should have known when CH knew back in 2021).Question is, this the pipeline is being laid to supply green creek, on a supply and demand phased release. Has anyone seen a formal agreement that they are going to take our gas ( they may have other clients and more than enough ) or is this just a fore gone conclusion.
It has again been suggested that this hook up is to happen from October- to end of year.(takes me back to count down on the 3 wells drilled and online last year he he )
So as CH says it’s all going to happen,guess it’s as simple as running a bit of hose, drilling into the main add a meter and we are quids in,
It’s been hard work but have a lump with an avg now of .0487, let it get to .06 and you will hear no more. BOLA
With one RNS this SP could quite easily double, and then continue to climb. That RNS could drop as early as Thursday (once they finish their celebrations, and back to it). On a spike this will move fast, with very few shares going. It’s been a long wait but hopefully we’ll worth it GLA
The Auctus note, also leads us to believe that retesting on 16-2 is to commence after the testing of 36-2 (so August ) there has been no indication of further Flaring permits or mobilisation of plant to carry out these works.
As per the RNS all in the small print, that they haven’t agreed on yet, or as yet not informing investors . Shall imagine they would be wanting money,or do they all feel Eytan deserves a break . Look at all the creditors they walked away from when they changed to CEG.