Member Info for THE_CHAIN

From RNS:
- Substantial hydrocarbons encountered

- significant influx of hydrocarbons

- intersecting an apparent major natural fracture network

- resultant flowing hydrocarbons

- could significantly enhance the overall potential productivity

- previous wells in the Paradox Basin which successfully targeted natural fractures have historically been prolific production wells.

From broker notes:
- 'significant kick’
- ‘wet’ flaring

- confirmation of the presence of movable hydrocarbons
- continued evidence of significant over-pressure
- a highly permeable natural fracture network at a new location

- Potential Contingent & Prospective Resources worth well in excess of US$1 billion

Tim Adams:
You can find a lot of discussion of Kicks via Google. Potentially extremely dangerous as it can result in blowout if not controlled.

A small kick might be controlled by increasing pressure in the wellbore.

But our kick I've heard referred to as "significant" and also informally as "huge". Short term has to be controlled by flaring.

Obviously they can't rns much more until they have the detail from data, engineers, safety consultants etc etc. From everything I'm seeing/hearing this is almost certainly a very significant find. Exceeding expectations.

My guess? They will decide to complete the well without further horizontal.

Production test is likely to be upper end of expectations.

Because its natural fractures we may see:
- high initial flows
- much less dropoff than with hydraulic stimulation
- leading to higher production
- for longer

The news should help encourage Dominion to proceed with tiein asap. With ZPHR doing their part on their refurb gathering lines, plant, pipeline extension etc.
Production late 2023

Yes Evan, wet flaring. Suggesting oil and gas.

This excerpt is very poignant to those questioning the presence of oil, the term "wet flaring", read on:

Zephyr’s Board has not yet formally decided on the Well’s next stages of development. These are expected to be considered over the next three or four weeks, whereupon the detail will be provided to shareholders. While potential volumes remain unknown, a ‘significant kick’ was witnessed upon reaching the Cane Creek reservoir. Subsequent ‘wet’ flaring indicates a range in the expected hydrocarbon mix (gas/oil/condensate).

Copy and paste. Replace stars with twitter.

https://*******.com/tima441/status/1570686230949691392?t=5foMMph_nfgffdlPWrYkjg&s=19

I think you may be right there TTL. CH and the team have been building a ready packaged midcap producer to sell since day one. The beauty of it is, we are funded and have access to debt facility for all of our activities. No raises or dilution. We can't be bullied or pushed to the wire and have our crown Jewel snatched from us, as is the way with so many aim companies. This has the potential to generate real wealth for the patient investor. We just have to sit back as investors, let the bod prove up the asset, and await the Juicey offers as they role in later on down the road. 2023 is going to be an excellent year for Zephyr share holders. Pearls before swine, it's been staring so many in the face for the last year, as I said earlier, get em whilst they are cheap!

Those saying no mention of oil, you really need to do your homework. How could they possibly give us an idea of the oil to gas ratio without production testing?
This is exceptionally good news and further confirmation that the paradox is what Zephyr think it is, the next major onshore oil and gas play! Looking forward to further updates around 36-2 in the coming days and weeks. And we are still waiting for news on the 16-2 production test. Think this may see 6p off finally! Get em while they are cheap!

First 40 mins of trading, give it a chance, sellers need to clear out.

Fantastic news! No fraccing required. Massive network of natural fractures intercepted. Doesn't get much better.

Thanks papaduke.

As pointed out by someone on Telegram. Today is a holiday in the states, so we were never getting our RNS today! More fool the impatient sellers.

I don't recall q4 ever being mentioned nelson. Ch stated 5000 boepd by year end. From what was said I think he expects us to be at 3000+ by summer. Could be more, we will find out more when we get the results from the extended test. Exciting times ahead.

Agree setanta another 1.5m shares scooped up at 6.65p

Smart money loading up.

Not fretting. If anything bad had happened they would be duty bound to tell us. Just weather delays and mechanical delays as previously detailed. Hopefully next week now. More patience required.

Hopefully the news we are waiting for bubs.

Definitely someone loading up still.

Splitting hairs but I'd say middle of Jan starts around the 15th considering there are 31 days in January. That's this coming Sunday. Cutting it fine, hopefully we get what we are waiting for tomorrow or Friday. My gut feeling is tomorrow morning. But could be wrong!

Yes and in the Malcy interview. I think weather was pretty atrocious in Utah over Xmas, so perhaps some weather related delays. I remain hopeful we will get some news this week.

I expect us to gain a couple of pence with each major step toward CH's 5000 boepd by year end target. With next news on the two wells due any day, and hopefully an update on when we can expect to see production should send us on a run. I'm hoping for a 3-5 bagger this year. More if buyout rumours start circulating.