Member Info for THE_CHAIN

Agreed Nooneknows. Hopefully we hit on all 3 drills, I like the Auctus 10p per successful well indication. Although, we will need buyers to get there! If 3 hit, ot makes the following 10 Wells next hear all the more enticing. Personally I still think if it does start to look like a serious play we will be bought out. If not, lots of production and dividends to be had. So happy in my investment either way.

Earnings report due any day. Expecting between 10-15 million dollars for the quarter. And a chance we get our drilling permits approved so we can crack on with the paradox project.

GLA
CHAIN

Fair enough SIV. But according to CH the next drill contracts will be awarded after we've received the permits. So it's not necessarily going to be cyclone that do the drilling for us this time around.

Looking at the cyclone map rig 34 is currently being used to drill in Wyoming.

I don't think there is any credence to IMs insane rambling. I've heard a lot of crack pot theories during my time investing in aim, but a complete fabrication of a successful well is to far fetched its laughable. So sproule just made up the CPR, and Auctus are in on the big conspiracy too. What a crock!

SIV. Why would a rig still be in situe if the well has already been drilled? Rig 34 has probably been moved off to drill elsewhere? I'd imagine 16-2 is temporarily plugged whilst it awaits infrastructure. I may be wrong but seems like common sense to me?

I'm really looking forward to the earnings report next week! And there is every chance we could get our drilling permits approved, we must be at or around the 60 day turn around time by now!

GLA
CHAIN

Lol "it" Islandgirl, simple but effective.

Assuming "it" is still rattling the bars of its cage, flinging faeces, and frothing at the mouth?

Briefly unfiltered out of curiosity to see who it was spouting bile. I do find it odd when people head over to billboards purely to bash a stock that they are not themselves invested in. Its a waste of time and energy better spent on things you are actually invested in. I've done my research and am very happy in my investment here. And am not about to have my confidence knocked my some faceless loony with an agenda on an Internet billboard. Refiltered.

GLA
CHAIN

Bubbles again I'd refer you to the 16-2 RNS's, drilling in the same area. This should give you confidence in timescale.

GLA
CHAIN

Agreed the bhoys
The incessant bleeding about the economics of crypto is getting tiring. CH has mentioned numerous times this is just a means to an end to beta test 16-2 before the dominion tie in. And allow the gas to be utilised to bring in some revenue and maintain our carbon neutral status, this also I believe means any liquids command a premium. So this is all very much in our interests!

GLA
CHAIN

Bubbles look at the 16-2 rns frequency. It was just over a week between starting drilling and the whole being successfully drilled. Then about 3 weeks after first hydro carbons. This isn't gold and silver mining with long hold ups at labs etc believe me I know the pain of that oh to well!

I didn't read that as auctus stating that as fair value, just simple matter of fact is that is what our share price is at the moment and their is significant value to be had here if investing from 4p upward. As stated base case is 190% upside to 14p. If the 3 Wells hit and are good 40p plus. Great prospects here.

GLA
CHAIN

Hoarder I cannot see anywhere in the Auctus note where they state 4p is current fair value. Just a 14p target price, and 80p unrisked nav if all comes to fruition. I am surprised and disappointed at some posters today, but frankly some people need to get a grip. I'll hold my hands up and join the misery if after we've commenced our 3 well drilling programme we are still languishing around 4p. But I don't think that will be the case. Chin up all.

GLA
CHAIN

Agreed Elland and Indi, plenty of news due, and some exciting news at that. I can imagine CH is pretty keen to get the drilling underway, he will want to have got all three wells drilled and have done some extensive testing prior to the dominion tie in early 2023. Also, dont forget, one of the wells already has infrastructure tied in so if all goes well will be able to produce pretty quickly!! Not the same issues we have faced with 16-2. There is a reason Tyndall investment management think this could be a $500m mcap company, personally I think that could be a tad conservative!

GLA
CHAIN

Why anyone would sell with the earnings report due next week, and drill permits pending any day. As stated below, it could be as little as 3 weeks between the initial drilling and first hydrocarbons!

If all 3 Wells hit, our SP will be an order of magnitude higher, and we will be in buyout territory!

Just read that Duff and had to sit down...

Note... A further success would equate to 32p. What if all 3 drills are successful? 40p+

Nice one Karl, Auctus research note, target price of 14p!

Looking at the 16-2 RNS dates 15th detailed all equipment on site, ready to drill etc. Then the following RNS I think dates 25th Oct detailed that the drilling had been a success. That's just how quickly things could turn up here. I can't wait. 12p in the rear view sounds pretty good to me!

I don't understand the criticism of the last placement, short term pain for long term gain. And it really has set zephyr and its shareholders up. This gradual rise is nice, I wonder what will happen if we see some proper volume though, could be dramatic. I may be a tad optimistic but I'm hoping for 12p or more by mid August. Considering that is ball park what we are actually worth at the moment I don't think it's unrealistic!