Member Info for THE_CHAIN

Wow Duffs, the tie in point is literally right next to the well heads. Indicates a serious degree of confidence for a successful campaign.

No Duffs, I've only been able to scan through it as I am out. How close! Do tell!

GLA
CHAIN

10p by end of August would be a stretch I agree risky. But disagree with you on it only being 10p by year end. I think we will be 20p plus by year end if all three drills hit, coupled with production from 16-2. We will then be very near the dominion tie in, and only a few shorts months from a new,bigger,better CPR!

GLA
CHAIN

Great find duffs, here is my favourite bit from the pdf document:
"It is anticipated that drilling operations will commence as soon as possible after approval is given and take approximately twenty (24) days from spud to rig release and two weeks for completions. "

GLA
CHAIN

Indeed Bubble! Really looking forward to it.

10p would be good for Starters Doddy.

State 16-2 approvals received 24th June 2021. Contract for drilling awarded 28th June 2021.

So what should we expect from this RNS I wonder? Permit approved and a rig assigned perhaps? Possibly also the drilling plan moving forward? Exciting stuff.

You beat me to it Rupert, I have been checking the data log everyday waiting for the dates column to show 7 instead of 6 and a well approved since adon pointed me to it! Absolutely fantastic, things should start to get spicy now!

GLA
CHAIN

The pessimist in me thinks this is just traders. The optimist hopes it's panmure gordon starting to bang the Zephyr drum.

Haha it has to start first IG in order for them to provide updates! C'mon Utah oil and gas, give us the permits so we can crack on!

Could be Setanta, perhaps a tactic employed by PG?

Tomorrow Morning would be good IG, we like a Thursday RNS!

C'mon drilling permits, let's be having you so we can get this show on the road. PG need something more to tout at their institutional clientel! Hopefully not long now. We patiently await our fortune.

Wheeling out the big guns. Very interesting left field development. As stated by others they have great exposure in the US.

Good news bubs, should help us get more exposure to HNW and II's.

And thank you for playing devil's advocate to my eternal and sometimes annoying eternal optimism. Hehe.

I concur setanta, I also think 16-2 coming online will coincide roughly with our permits being granted/rig mobilisations. And we should finally get what we have been waiting for. This is a great company to invest in if you have a 6 to 18 month timescale, perhaps further if we don't get taken out. Patience.patience.patience.

I started writing the email to the company and then started feeling a bit silly if I am honest. All of these questions have been answered already in the various media released over the last few months. I'd recommend re-watching the Vox webinar. Doing so for me has just further reinforced all that is needed here is patience.

To answer some of your questions setanta, the existing nearby pipeline is nearby to one of the still to be drilled wells, not the others, so further infrastructure would have to be built at expense to the company to stretch this to the others. Why do that when dominion are going to do it for us in less than 6 months time now?

2. I disagree with your view on institutions, when I say proof of concept I think they will want to see more than one successful well so we can increase our 2c and 2p resources. They will be looking to invest in a large proven resource, not a one well speculative play.
16-2 was proof of concept for the hydraulically stimulated drilling technique employed, showing that it could work again in the paradox setting.
3. Yes we are currently just a non op oiler, or you could view us as a self sustaining explorer with great investment upside if these next 3 drills come in.

Also Setanta, did you ever email the company with your concerns? I have used the contact us function on the Zephyr website and received replies from Colin personally. Infect don't worry, I'll copy and paste your post and send it asking for clarification if you don't mind?