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Thanks everopeful. So anytime between now and early July, assuming the permits had been logged prior to the 12th May.

Indeed Northern, I'm just so excited for that first drilling permit RNS and subsequent awarding of contracts. If any investor wants to see what news flow will look like once we start drilling I'd recommend reading the 16-2 related RNS documents going back through 2021. Of which there are many. Once we get going news is going to be abundant.
Get em while they are cheap!

GLA
CHAIN

Great research indi. I recall Colin saying they had applied ahead of time for their permits. Can't be long now!

Q1 sales from the Company's Williston Basin portfolio averaged circa 1,600 barrels of oil equivalent per day ("boepd") net to Zephyr, up from 548 boepd in Q4 2021.



During the quarter, Zephyr sold 144,540 barrels of oil equivalent ("boe"), and net sales to Zephyr were as follows:



Oil: 109,940 barrels ("bbls") at an average sales price of US$90.11 /bbl

Natural Gas: 114,096 million cubic feet ("mmcf") at an average sales price of US$5.40 /mcf

Natural Gas Liquids: 15,584 bbls at an average sales price of US$64.19 per bbl



(Note: First quarter production volumes and average sales prices figures include field estimates in respect of March 2022 gas and NGL sales volumes.)



At the end of Q1 Zephyr had 185 wells available for production, including seven wells that came online during the quarter.



First quarter revenues totalled US$11.5 million net to Zephyr, and Q1 average operating expenditure was US$11.87 /boe demonstrating the high profit margin realised from the hydrocarbons sold during the period.

Could be a bit of fun guessing the figures. Last one was 11.5m right?

Glad to see the gradual upward pressure continuing. Here's hoping we get some news on the drilling permits for the 3 new wells soon!

Management have stated repeatedly that our cash flow is sufficient to achieve all of our near terms goals. No need to raise any finance.

The bhoys, I suspect a few were waiting for the price to drop lower, but have perhaps noted the change in sentiment on the board, and the apparent new buying pressure at these prices. It could be that they fear missing the boat so are perhaps trying to instill doubt.

Cannot answer that exactly seekinvalue, but this was said In the recent drilling update RNS
"Zephyr's non-operated portfolio averaged 1,600 boepd in the first quarter of 2022. Updated production and revenue totals, as well as revised forecasts, will be provided after 2Q 2022 revenue totals and pricing data are received from our Operators."

What else I do know is, the recent acquisition of a further 11 Wells was executed to counteract any drop of in productivity from longer serving Wells. We also, I believe, have a further 16 Wells to come online that we already own in the Williston.

It's rare to find an exploration company that is fully self funded like this, Colin and his team really have played a blinder. The market needs to wake up and realise this is a unique opportunity.

Bubble we already have profit coming in. 11.5m dollars last quarter. Next report is early July, expect it to be larger due to increased oil price.

My take on the drop in share price is two fold. Those that got in sub 1p had more than made their money at 7p, they either sold out and have taken profit completely after the release of the cpr, I'd imagine this was a milestone for many lth, or have sold to buy back cheaper to increase their stake. I am leaning more toward the former rather than the latter, because the subsequent rebuying would have pushed the price back up. Unless of course they are still waiting, the potential of Tyndall now increasing their stake may force a few hands back to the table. The second reason the share price has gone down is simply the entire market is in turmoil, and a lot of people are seeking safety in cash, as many of the usual financial sade havens e.g crypto and gold are not performing as expected. Seems there is no hedge against the current economic uncertainty, so cash is king. You can't time the market, its time in the market that makes money. Just my thoughts on the matter.

Don't understand waiting for fractions of a penny. If the tide turns, it will turn fast and you may be forced to buy much higher. If you believe in company fundamentals, and have done your research you would know the potential upside to be had here in the next 6-12 months is many multiples of todays share price. Can't remember what presentation it was now, but Colin talked about potential future share price, with the more realistic nearer term goals being around 20-30p and the extreme blue skies upside being 90p.

3 well drilling programme beginning. Earnings report from non op assets early July. State 16-2 coming online. Then drilling results from 3 well programme. I suggest you watch the recent webinars and interviews, of which there are many.

I have now setanta. Very encouraging indeed.

Institutional investment would be a game changer right now. Hope you are right!

Rise continue back to true value. Still in negative equity. Williston assess alone worth $130m and our market cap is under $70m. We should be 12p easy.

Very glad to read that your faith is restored setanta. Today's interview and RNS has also further reinforced my belief. Bring on the next 6 months. I can't wait to hear that our permits have been granted for drilling.

I think some clarification is required between the recent 8-12 weeks announcement for the crypto operation, and today's production end of September announcement. We must be missing something here.

And we continue to get battered. Ridiculous.

8-12 weeks to get the crypto facility in place and gas being utilised. Don't think that has changed.