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Not going to lie, I am also very weary Oil workdr. But still have some belief that things will come good. I will be very frustrated indeed, if we don't get news in the next month on the gas plant, as it would be yet another self imposed milestone missed. We shall see.

Hi oilworker.

Reading between the lines I don't think we will get the news on the gas plant/pipeline for 16-2 until the slawson wells production is known. We will be able to take out a further loan from the revolving debt facility once we know those figures. That money will be assigned to building the pipeline and possibly refurbishing the gas plant if we don't get a 3rd party operator involved. Just my opinion but I think we will get that news in December.

We will get the slawson update end of month. Also hoping for news on the gas plant and tie in of 16-2 before year end. That will be the first value catalyst before the re-drill next year.

Slawson update on first production next week, and perhaps an update on the gas plant?

CH seemed pretty confident that 16-2 would be online before the 36-2 production test in Q1. If that's to be realised things need to start happening very near term.

We probably need to borrow more to build the 1.3mile pipeline, perhaps this will be possible once the slawson production figures are known for future revenue forecast.

Absolutely agree Ezhik. Let's get the SP up to fair value, and start attracting buyout opportunities.

Chatting in the telegram group, but worth mentioning here. 1100 boe from 16-2 is nothing to sniff at, I'm expecting we will get news on the gas plant refurb imminently, followed by the permit for the line to 16-2. Once we have that news I expect the SP to begin to climb. Perhaps January for first proper paradox production? Coinciding with a re-drill of the twinned 36-2, perhaps that's tied in by March/April.

Knowing its higher pressure than 16-2, 1500-2000 boepd per well?

I think we start to see double figures pretty quickly from spring onwards.

Perhaps Fin buying more? Was a good omen last time.

If we get news on the gas plant refurb that would be good. As we know it is a requirement for both 16-2 and 36-2 to be able to produce. That will still take at least a month maybe more, so I wouldn't expect to see any production from 16-2 this side of Christmas. I could be wrong but it seems unlikely to me.

In my opinion newsflow for year end will be a rig contract for re-drill in q1 24. Slawson wells online, perhaps tomorrow? And a route forward to recommission the gas plant. Targeting first production in q1, from 16-2 and 28-11, scaling up as the output of the twinned 36-2 well becomes apparent. Then a new drill on the helium acreage later in the year, perhaps 16-3 as we know there is a permit still waiting there? Then who knows!

No I don't see it like that, I was just trying to rationalise the situation. And I'm not wrong, if we hadn't had a blow out we would be producing as planned.

36-2 has everything to do with why 16-2 and the gas refurb haven't happened, the co wanted to know the output of 36-2 before refurbishment, this was stated numerous times.

Other operations have also been effected by the slawson wells coming online much later than anticipated, we haven't had the expected cashflow so the co have done the right thing and held on to cash reserves whilst we work out the difficulties of 36-2.

Srdoddy, ask yourself, do you think we would be in this situation had we not had the blow out at 36-2?

If that had not happened I think you'd be singing CH's praises, as we'd likely be able to sell gas to dominion by now from both 36-2 and 16-2, as we would have also already refurbed the gas plant. That blow out set us back massively.

CH said in the latest proactive interview there would definitely be no need for a cash raise. I'm half expecting some more news to drop between now and next week, we shall see.

Silly me. Thought the webinar was this eve. In fact, a week today!

I think with Dominion being ready to accept gas and having a near term need to boost cashflow, they will be looking to get both 16-2 and 28-11 tied in ASAP. I would think they could get the gas processing plant ready for that, with an eye to expanding its capabilities once 36-2's twin wells capabilities are known Q1 2024.

Patience indeed. But the prospect of two wells from the 36-2 pad, 16-2 being online, 28-11 being online, the slawson wells producing, and finally the new well from the most recently acquired acreage being drilled, all now with the potential of tying into dominion is a very tantalising prospect indeed. Could 2024 finally be our year? Very interested to see what else 2023 holds in store for us.

Https://www.voxmarkets.co.uk/rns/announcement/718710d3-740e-42ca-8efc-bb03974ae74f

Link is in the vox market version of rns

Agreed Setanta. Looking forward to the webinar. Suddenly I find myself feeling optimistic towards year end and into 2024.

Fairplay Fin.

If you go back through my posts, CH indicated that the decision making process for the continued efforts to get the rest of the pipe out of the ground are down to Zephyrs technical team, keeping the insurance company informed. I think if we are to side track or re drill, it will be at a point where it's deemed cheaper or safer, or both, than the current situation trying to recofer pipe. CH also intimated that he still believes it was possible to recover the pipe, it is just a slow and painstaking process.

Bubble, yeah I think we are due news on the slawson wells coming online this month.

As I said in the telegram group, it's only fit for wiping ones sphincter with Malc! Completely agree!

Thanks for the reply Ezhik. Much appreciated. I won't bother CH, as I think you hit the nail on the head.