Member Info for THE_CHAIN

Certainly not here for a few hundred quid dsrt. I have a substantial holding here and am here for the foreseeable. Seeing as I have been an active poster I assume you are directing that at me, I've been simply trying to keep moral up and encourage conversation outside of....Well read down a bit, hardly makes for good reading does it? Not that anyone should make investment decisions on the quality of a billboard conversation, it does help if there are knowledgeable posters willing to compare and contrast opinions.

Best of luck in your investment
CHAIN

Confirmed next Thursday 21st. Hopefully some news beforehand!

Hahaha typing quickly on the fly! Glad I could raise a smile, I meant Midcap producer :)

All very exciting stuff ezhik!

Indeed islandgirl, 16-2 liquids 500 bopd unconstrained rate. 2000 boepd. Also could get oilier as still getting completion fluids in the mix.
Imagine 4 of them.....

Work out the fag packet economics of 4 Wells like that. Then look at the tiny proportion of the acreage taken up to achieve that. Then have a further flight of fancy and think about the 10 well drilling programme if we were too go to be a madcap producer ourselves.

Or get bought out or what ever, future looks....Rosey.

GLA
CHAIN

I'd really hope to see the fabled 12p with some drilling success in the next couple of months! All points taken on board, and while I do consider myself researched, I will look back at the companies inception and read up on the original vision as advised.

GLA
CHAIN

I agree that saying something is an absolute definite without proof is dangerous blissful. But I don't think that's what I have been saying, just discussing the pros of one eventuality and inviting debate to counter it. As I've said below, I'm open to either scenario :)

I think it's just a case of keeping an open mind setanta, I dont think a buyout is definite either so we can agree to disagree. To be honest with you I'll be happy with either outcome as long as my investment grows in value, after all that's why we are all here! Good debate today, keeps the board interesting.

GLA
CHAIN

I think the difference is setanta, is you are looking backward, not forward. A lot has changed over the last year and zephyr are in a very good position, albeit shareholder money bought the Williston basin assets, its assured funding as you well know, for future projects. And with the current macro around oil and gas, has proved to be an extremely shrewd move. Also, without checking I'm pretty sure the 16-2 test didn't complete until the last few months of 2021, so not really over a year ago, and we are all well aware of the reasons 16-2 is not in production currently, but will be in as little as a months time, albeit at a limited capacity. Now to look forward, we are funded to drill to our hearts content in the paradox, which has been the goal all along, no? You are right there are a lot of if's and associated risk still. But IF, we do hit on these 3 drills, we will have 4 Wells proven up including 16-2, which in turn gives a lot more credence to the paradox being a major oil and gas play. Is it not the mandate of an explorer to find a resource, prove it up to a reasonable extent, and sell it to the highest bidder? I'll eat my hat if the share price does not move north with fresh speculation once our permits are in.

But I fo think a buyout is more likely, not many explorers who actually find something like we have, make it to production themselves.

I'd like to add, I am not averse to the no buyout scenario. The idea of becoming a midcap producer is also enticing with the positives that come with that, being dividends alongside capital growth.

Again I challenge you to provide evidence to your negative views? Its all well and good telling people they are wrong, perhaps try and provide some evidence as to why? I'll reference Setantas comment below, BP can get this sort of potential anywhere? So they can find a vast, relatively untouched oil fields, at a whim, in a safe jurisdiction, during a time when oil and gas are at a premium and highly in demand? If so what's the name of these companies because I want to invest? If the paradox is what we think it is, and it's a MAJOR oil and gas play, then why wouldn't a major try to acquire it for small hundreds of millions at a relatively infant stage, as opposed to acquiring it later when it's further proved up and potentially worth far more?

Wholeheartedly agree bhoys. These 3 Wells are pivotal , hence my excitement and growing impatience for the permits so we can get drilling!

Why not add a constructive counter argument as to why the company won't be sold blissful?
Speculation is half of the investment journey, and one of the reasons billboards like this exist. So shareholders can share opinions.....weird comment.

Well I will very much look forward to that bidding war KP4. You have to think back to the auctus note, 10p per well added to the SP if they hit. An sp in the region of 34p equates to in the region of a £500m map, I don't think most majors would even bat an eyelid at spending that sort of money on a promising acquisition.

Yeah why so late? Q2 ends June 30th. Perhaps what I mentioned about having to wait for the operators to report back before compiling the report takes longer than I'd thought?

I agree indi, but I think any potential suitor will wait for the results of our 3 well programme this year. If that is successful I think we will be bought out. But we will see!

Believe what was said is that 16 more Wells are due to come online within the Williston basin. Assuming they are just drilled and capped?

My only thinking indi is that perhaps some of the operators have been slow in reporting back. I was also surprised not to see it already. I hope Northern is right and perhaps we get a more comprehensive response detailing non op and paradox updates.

Would hope so bubble, we applied for them prior to the 12th May.

Turn around was 3 weeks for 16-2. We are drilling in shale and sedimentary rock, so if all goes to plan turn around time should be fairly swift. We just need these permits so we can get cracking Bubble.