Member Info for THE_CHAIN

Key difference now is Dominion. It's no longer an "if" they will refurbish the 16" line and the 6" gathering lines. They are actually doing it and we now have a definite route to production. We just need to production test at 36-2 to tell us how much production, so then we can refurb our gas works over the summer and start planning the next drill.

Also absolute confirmation that dominion are well on their way after receiving their NEPA permits.

Excellent presentation. 36-2 to be tested in the coming weeks. Both 16-2 and 36-2 to be tied in by year end. 5-15mmcf plus condensate expected by year end. Potential to more than double yearly income. Only way is up from then on.

As I've alluded too i think he will be talking a lot about another company, dominion, and their activity in our postcode. This isn't RNSable as its not directly related to Zephyr. But does impact us, largely because they are the ones who will be buying the huge amount of resource that we have in the paradox. Once their refurb is done, it will just be a case of drilling, testing and tieing in for the foreseeable. Watching the companies yearly income grow exponentially. Zephyr has had growing pains for sure, but once dominion are ready we are laughing all the way to the bank.

Fwiw I think we will be hearing from the horses mouth that Dominiom are now full steam ahead and we are definitely on track for Gas sales this year. That news will hopefully be followed in 4-6 weeks time with a very successful production test at State 36-2. Following that I think by autumn we will probably have been granted a permit to drill the amended 36-3. Although, I hope we can either start drilling before winter or after early next year. Let's learn from our lessons at trying to drill 36-2 in bitter winter conditions.

I would expect some increase on official license being granted, perhaps another 15-20%

But agree start of production will be a bigger catalyst.

We are pegged here until EA license is received, hopefully any day. I'd imagine an announcement around black mass sales deal or something could also follow. I doubt the bod have been idle in drumming up business. Perhaps buyers lined up.

Late reported 1.2m shares at 2.4p

Momentum appears to be building gradually again.

Thanks SParmada. To be fair that makes a lot more sense. Couldn't see how they could already be production testing after recent events. But it does look like the clean up has gone very well.

Thanks Duffs. That's what I thought!

Hi Duffs,

Our of interest why does the flare not show if we cancel the highlighted square? Not particularly well versed in the satellite imagery. Another poster in the telegram group has suggested that it could just be reflection from rig equipment. Are you sure it's a flare from your experience?

Could the clean up be complete and the production test underway?

Despite interest we seem to have been pegged in the same range for the last two days. Either, a short position is still closing, or someone is filling an order are my thoughts.

Recyclus was valued at 4.32p alone before it was running. It will be worth a lot more when our license comes in and we are in production. Look at Seagullsfans valuation postings, very helpful indeed. I think between 3-6p is very achievable in the next month or so.

It's pretty out in the open that 36-2 is a beast and full of gas, API condensate and oil so think he will be able to talk about it freely.

I am very much looking forward to the webinar and hearing CH "gush" about 36-2. He should be able to provide some insite into the beast that we have in our midst. And also update us on the infrastructure plans. Courtesy of telegram, Adon and others, it sounds as if Dominion are full steam ahead getting their pipelines sorted so we should be good to tie in come Autumn and hopefully smash CH's 5000 boepd by year end out of the water!

Exactly what I was trying to get across thanks SeagullsFan.

That's fair enough Milo. But I think the time for public consultation etc would have been before they granted the draft. The point of the draft was to allow TM1 to rebute any suggested changes etc. They have not done so and accepted the draft and returned it for signing and completion.

We shall see. But I highly doubt the co will be sitting idly by twiddling thumbs. Probably daily phonecalls chasing.

Further to that, the co have advised they expect it back imminently.