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People my moaning is over, I have finally seen a touch of blue in this share. Sorry for any negativity over the last year. Let’s hope for a continued growth over the coming weeks, months, years. All the best to all
To be honest I don’t give a toot about Dev anymore (same attitude as they for us shareholder) just want them to relist and I pull me 20 grand out or what’s ever left of it come the day. Wish all the best to the ones that remain, but in the two years I’ve been here it’s all been speculation and NDA’s one story after the next sod it
Still awaiting the announcement that superseded the announcements made on the 7th June. 16-2 production in 8-12 weeks and 3 wells drilled by end of year
He did say two weeks thank god because we know how long his couple of weeks is
Yes Bhoys still in, considered the options,pointless taking the loss when it can only go North with the right news ( when ever that comes) I put just about all my tokens into this and Dev clever expecting a climb on both, so you can understand my frustration and boredom this year.fingers crossed I may end the year on a high . Hope life is treating you well
https://www.energy.gov/sites/prod/files/2019/08/f65/Natural%20Gas%20Flaring%20and%20Venting%20Report.pdf
Page 22 /all of it if you want a good read
Not so much some taking a hard line on timelines, as we are not setting them, that’s up to the Company and generally they pass this information onto the public through an RNS. Taking it that before they make these statements and give durations they have considered any implications and possible delays that may impact what they are telling us investors. I would say that taking the present SP a majority have started to take their timelines with a pinch of salt, a drill over a year old still not producing, a 3 well drilling spree by end of year ( now out of time ) not forgetting all the news we were to have. But hey exciting times ahead I guess.
I visit here now and again, the pain of holding shares I have recovered from. But for fun I looked at todays trading and thought I would find an example to compare (using Google)
If we said that a share in CEG was a grain of sand, there are approx 1300 mill grains of sand in a cubic meter.
There is .5 of a cubic meter in a bulk buy bag of sand, so take CEG’ shares out there we have 14 bulk bags sitting on my drive.
If I was to then get a teaspoon and take a heaped spoon out of a bag(a level spoon is about 8000 grains) we would have an example of todays trades.
Advise is next time they find a way of getting any air into this ball for another bounce get out. Those buying 50p of shares fair play.
Disappointed as are most on todays RNS, I have not had time today until now to fully take in what it said, as I read the numerous conflicting posts on here( a very small percentage of investors of this share may I add) I see it has achieved exactly what it was meant to do muddy the water to what has been said. Previously. The 7th of June RNS had committed timelines production from 16-2 in 8 -12 weeks, 3 well drill this year. Now today nearly 12 weeks on to read what only can be classed as Smoke and mirrors.
Close to contempt really, how do tell shareholders that you have expressed the purchase of a crypto mining facility that will enable production to commence on such an important well to shareholder value, then on the eve of supposed production you inform them that you didn’t bother, so what now. It was all about production since Feb 22 when final product testing was complete, now the word testing slips back in to make the production a thing in the back ground.
As for the 3 wells this year, as said todays news of long, long, lead in times and adjustments to drilling strategies, just smoke to cover the real news that it ain’t going to happen.
It’s coming the 12 month mark for me with this share, from my initial DD and re-reading the RNS’s I see the road cluttered with half eaten carrots, On the back of the June RNS I set stay or go date to the End of August, so the next few days although can see this being back in the mid 3’s by then will have little addition to my losses. ( around 35%)
Shame as felt was on a good journey but now feel somewhat strung along . Nothing in the Latest RNS superseded the dates from June so who knows
Islandgirl
Slight re-phrase to your post . Why drill wells if you can’t produce from them.
Question I have, they had been approached by more than one Crypto mining provider back in Jan, why wait until June to make that decision, what other intension was there other than not to produce, why the delay ?
Chain with you on this staying positive, need to as don’t want to think where the SP will be Sept without some good news (and it needs to be good)
The best part is we paid our dues, no fund raise as is the norm leading up to drill. The next 3 months are fully inclusive won’t cost a penny enjoy.
Don’t think I was far out with 10 p end of August if the news flows, so will the SP
Yes Islandgirl there was some big statements in that RNS.
If the grinning Colin is a man of his word, we are due two lots of news between now and end of next week,
We are now end of week 10 of the 8 to 12 weeks at which we will be producing from 16-2 (including crypto set-up)
Unless more than 1 rig allocated we would need to be mobilising 1st of Sep to complete 3 wells this year. Who knows we may have a RNS tomorrow, it would be nice to have a few days apart, but defiantly due by next week because Colin said so read the RNS
I bought in 12 months ago with DD and the published exciting times ahead for ZEPH, 21 grand down now, in that time nothing really has happed except the exciting times ahead keeps moving. People investing/trading in oil and gas take the risk on COS on a successful drill they expect rewards, not oh I had a bad experience setting fire to farts in uni so never going to do it again. Yes we are stewards of the environment but we knew this was a gassy well back in 2020 so why drill until we had a plan B. We have not convinced any II’s that the strategy of drilling a well for oil but not producing is a good investment so The PI’s are on their own. This is a long term investment that will fingers crossed will do well . At present as many on the sidelines l given the chance would not invest until the Company had a plan to produce. At the moment it is reliant on a third party and it’s pipeline in 2023 . So hey ho exciting times ahead.
So if it was expected that a large percentage would be NGL’ s the crypto generator may just be as a relief to maintain a regulated flow,( be it constrained) as they would normally use flaring ours to a generator. Until we know the mix we don’t know the flow, hence we my step up the generator size to cope. That’s omo
Are we dismissing the crypto too soon
As you read the RNS from 6th June , it says to me that they intend to tanker away the NGL’s and oil liquids. So it would only be the norm flared gas used on the crypto so should give good outputs.