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As mentioned earlier I sent Colin a long list of questions (many of which had been asked for the cancelled Webinar). He has promptly responded. Pretty happy with it even if questions unanswered for now. I suspect he would be ok if I posted exact response but feel it might be best to summarise even though nothing sensitive

1. Up to eyeballs on all fronts. 
2. As several commented here the new presentation is very much suited to telling the existing story to new institutional investors 
3. (As Malcy intimated) there are meetings led by Panmure to introduce ZPHR to larger institutions with objective they buy in the open market and presentation partly to support that. Sounds like those meetings are in London as well as US. (So I interpret as a big push. But I am not necessarily expecting instant results reflected in mkt)
4. He stressed the meetings are not related to deals (my interpretation he was making clear no placing coming).
5. He went on to say they are in a closed period due to all the drilling activity, so cannot add anything now or answer my questions. But to some extent that's good I feel!
6.  He does plan to update the overall communication of Paradox strategy as soon as its possible - but for now commercial sensitivities and operational activity come first.
7. There is a significant amount of operational work and planning going on behind the scenes. (He mentioned in passing rig availability for one... could that be 36-3... or??)

Makes sense to gauge 36-2 first Adon, despite being confident of success. I just hope if successful we are right in thinking production is not to far after completion. Time will tell, and hopefully CH gives us an interview or webinar soon to answer our questions.

No 16-2 is theorised to be able to produce 2000boepd a day unrestricted from memory. No way near this was achieved in the last extended test. 23 days it ran for and I think we got 1100 barrels of oil under constriction.

Even at only 2000bpd that's more than all of the williston wells combined RB1. So would potentially double our income.

Have to say I agree Adon. Hopefully CH intends on answering a lot of questions in a Q and A. Surprised not to see a new webinar date alongside this RNS. CH needs to be banging the media drum now.

Drilling permit for 36-2 states little to no gas expected.

36-2 shouldn't have any gas so is not reliant on the gas infrastructure. It is also located 40 feet from a gathering line so we should be able to sell oil once drilling is complete.

And I'm sure others will follow when we start getting positive results back from 16-2 and 36-2. We are just on the starting line waiting for the gun to go off!

Our buyer still loading up. Taking full advantage of the calm before the storm.

Very exciting times molatovkid!

Agree Papaduke. But I believe we are now at the turning point, this year has been a time of preparation and acquiring the necessary infrastructure to be able to do just that, produce, and now we have it. Once we have 4 producing wells in the paradox the sky is the limit, permits pending we can drill to our hearts content. There are two schools of thought to entertain around a buyout scenario, one is, 4 successful wells, massively increased mcap, will a major then want to snaffle us up for 500m to 1bn or there abouts. Or will they need further convincing that the paradox is the real deal, perhaps let us drill away for the rest of the year, then buy us out? Obviously for considerably more.

I'm hoping for 1bn plus offer once we have proven up the paradox bhoys.

No way bubs! I can't see a takeover happening until we have all three wells drilled and producing, production from 16-2 and updated CPR. By which time our share price should be 20p plus! Buyout if it happens will be dramatic.

Vosgi, see latest Auctus note:

Solid 3Q22 Financial update. Raising FY22 revenue guidance • 3Q22 sales volumes were 1,313 boe/d (1,208 boe/d production). This is very close to our forecast of 1,423 boe/d. • 3Q22 revenue was US$9.6 mm, also very close to our expectations of US$10.6 mm. Operating income for the period was US$7.9 mm (we expected US$8.9 mm). • 3Q22 production was marginally impacted by temporary shut-ins due to planned frac-protect procedures on existing wells while new nearby wells were completed. 26 additional wells are forecast to be brought on production over the next six months, which will help to decrease typical Williston Basin portfolio decline rates. • Zephyr is upgrading its FY22 revenue forecast to US$40-45 mm (US$3540 mm previously – we forecast US$45 mm) with the FY22 production guidance of 0.50-0.55 mmboe unchanged. • The upcoming 3 well drilling programme could take our Core NAV to £0.25/sh. A successful well test at State 36-2 LNW-CC well would confirm the commerciality of up to 32 mmboe net contingent resources (unrisked NAV of £0.11 per share). The second well of the campaign (State 36-3 LN-C9) would derisk a further ~25 mmboe net resources in a different reservoir. We reiterate our target price of £0.16 per share. Reflections on funding strategy The Williston assets performance showcases the funding strategy of Zephyr. Rather than raising expensive equity against the Paradox assets (appraisal stage), Zephyr has minimized dilution by raising a smaller amount of equity to acquire producing assets at attractive prices, whose cashflow is deployed on the Paradox assets. This strategy also allows the company (1) to access to debt, otherwise not available for appraisal assets and (2) to improve the risk profile of the overall business. Over the last 18 months, the Williston assets have generated ~USS$30 mm of operating profit. This represents 1.5x the amount of equity (~US$20 mm) raised or deployed in the Williston portfolio. Over the period, Zephyr has drilled and tested a key appraisal well in the Paradox (total net capex ~US$10 mm) but still has ~US$18.5 mm in available liquidity, while the Williston assets continue to generate ~US$2.5 mm per month of operating income. Valuation We estimate that the share price implies EV/DACF of 3x in 2023. Our ReNAV stands at ~£0.16 per share.

At 36-2 that should read.

Anyone would think we'd dropped back to 4p. As I and many others have said, we won't get our major rerate until we start hearing of drilling success at 36-2, success with the extended test from 16-2 and a clear cut path to market for both of them. Now it looks like we have the infrastructure in hand for both, and then 36-3 and the kirkwood well. Stop thinking about now, and start thinking about March onwards in 2023. I will eat my hat if we are not well into double figures by then. And I am still confident we will reach 10-16p before Xmas, if initial results are good at 36-3 and production is not to far off completion we are laughing all the way to the bank.

Perhaps that is the case Setanta. Wish the MMs would push the price up to encourage sells rather than the opposite direction. Suppose the orders are at a quoted price, so the MMs have to weasel out the weak hands to fill the order.

I'd also imagine some are selling to chase another share today. Which in my opinion is an absolute dog compared to Zephyr. Hopefully news drops soon so they get burned and learn their lesson! Buy into Fundamentals not hype!

We have consolidated at a new low waiting for next news. I'm confident news on 16-2 and then the webinar will see us past 7p. Then news on progress at both 16-2 and 36-2 should further spur on the share price. Double digits by Xmas!

A big buyer lurking. Perhaps Malcy didn't mean Tyndal and today's rns was just a coincidence. Another late reported 1.3m buy.