The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Don’t like ranting as much as I don’t like ramping. It was known away back in Feb 2020 from initial core results that 16-2 contained excess gas, As responsible stewards of both the shareholders and the environment, a plan for the gas would have been made prior to drilling, if Flaring was out of the question and infrastructure was not in place for it to be pipelined away. Mobile crypto units and generators have been in use since 2019 and used by many companies, so why 8 months after the drill are we just talking about it, and a further 3 months before its use. Rant over I wish all well, just hope some interest can be brought back here soon the mining unit just ain’t going to do it.
Not so Novel if you check the internet, 100’s already in use.( and not so environmentally friendly maybe that’s why we have gone for the smaller model. Quite a mobile and off the shelf purchase( surprised it will take maybe 3 months from now, for ZP to get sorted,mind you takes us closer to 2023 I suppose. Transparency has left the building. What has been happening for 6 months of 2022.
3 wells going into production the second half of the year is a new one. One generator with some crypto mining gear that will do nothing other than cover it cost over two years, thus in turn will allow us to produce approx 150 bopd . You can see what people think by the SP movement By the time this little decoy is up and running 16-2 will be just under a year old. Mind you some people are quite happy for this to go lower, wish I was one.
If I can criticise, why has it taken up to now to decide to set up a crypto mine (another 8 to 12 ) This was talked about at the beginning of the year, all a bit to little too late I feel. Just can’t see what will turn the SP north , not even news of drills, as people have lost interest and feel that they can quite easily come back in 6 months time. Another share I’ve ended up getting trapped in (note to one’s self don’t leave money in AIM companies in and out only )
You just don’t treat your shareholders with this contempt. Early in the new year it’s now June
Unless Dev comes out with some exceptional news that sets it north at start, I would say a lot of punters would have set stop losses and this will plummet. Not being negative but hey I’ve had 30 grand sat here for 6 months I don’t like or trust the company no more
Garry don’t go beating yourself up over this, a lot of genuine people lost loads , it was and still is a scam being played over and over again. That is why so many are negative on this board they are just telling the truth. Wish I had listened to the likes of Irene and Rossanne even harry at the time would of been 46k Better off . Hope you have recovered and are doing well
My take on it is, that up to now they have only transported by tanker oil from testing etc. As stewards of the environment we won’t be flaring any gas ,(nor gain a licence to do so), once gas issue is resolved ie, crypto we can start producing and transporting out . Don’t take away from the points mentioned though,8 months is a long time, can’t see much excitement over the next drills until production of some sorts from the first well. Between this and Dev not been a good year so far
Debt free
They just didn’t pay anyone, just settled a min amount as would have sent them bankrupt. There’s a fat chance of them going back for credit again. The P1 drill was a scam BG just wanted proof of oil to gain Carbon credits . Baharmas was never going to produce .Shareholders just used as cash cows to the sum of 159 mill Potter / Eytan and crew must of known or thick as s it . As for the billionaires don’t you think they would just buy CEG if they thought it that good , no they will buy low pump it and pull out
Any PI’s just check back the past to get an idea of the future here as same story used by this lot before
You can paint the kennel, don’t change the dogs in it.
These scumbags living the dream spent 150 mill plus of shareholders money on failure after. failure. They are even using the same con, billions of barrels, sure-thing phones ringing off the hook from interested partners. Read up on the misleading lies that this lot have told in the past before you consider parting with your money. Next will be the consolidation and funding to enable the testing.
Yes money to be made here as any pump and dump just make sure you get out before the rest, and I can ensure you there’s a lot of people wanting their money back out of this on any sort of rise
Next few days should have reports of the next monthly earning, approx $6 mil profits from the NO wells. That should see us with around the the $16 mil in the bank. Wonder when and how Zphr plan on spending it .
Maybe there will be a further RNS as the placing shares have been traded (they had to go sometime ), As we can see on the buy and sell trades, there is plenty of buying just with not the same sizes as the seller. Looking at the glass being half full it might have been expected enough volume before the CPR to let the placing shares be traded, this has not been the case. Can’t be much left now so in the next few days we could see it make its way back up. But yes I agree with quite a few something not right.
Tending to agree with micru and his last few comments 5 months is a long time to be sitting on a drill without a game plan. Unless there’s a 2nd page to that CPR or a RNS to follow in the next few days, I don’t think the SP is stronger enough to hold up with nothing more than sometime in the second half of the year we are going to do 3 drills (especially with the latest run of time predictions ) . There was a bit of buying towards the bell, hopefully it will be the trend to start tomorrow.
Your starting to rattle on a bit fella. If you’d read my fist comment, I did say sometimes it’s better to say nothing , and just let it happen, it’s CH that keeps giving the milestones and that’s what will concern/ annoy investors.I’m here for a good while yet so quite happy where I think the SP will go. This is a ZPHR discussion board, maybe you should see if there a little fan club out there you could join
Wouldn’t that make it the next few weeks ( not coming days) or have we already used the next few weeks ( some 6 weeks ago) Just feel that this is becoming a bit never ending, hopefully it will be up to expectations when it does land.