RE: Share Price thoughts16 Mar 2022 10:38
The following 2 paragraphs make for good reason to add to our holdings.
Report ("CPR") as commissioned by the Company.
While Sproule continues to work diligently to deliver the CPR, a number of factors, including the large scope of the CPR and the significant increase in activity in the North American oil and gas sector, have led to a short delay to the delivery timeframe previously envisioned. The Company expects to receive the CPR in the coming weeks, and will publish it as soon as practicable upon delivery from Sproule. A further announcement will be made once the CPR is available.
Colin Harrington, Chief Executive of Zephyr, said: "Many factors have contributed to the CPR taking slightly longer than originally anticipated, but we do expect to receive the report from Sproule within the next few weeks. More importantly, we are excited about the detail and analysis provided to Sproule and have appreciated their thoughtful collaboration with our technical team to date. We look forward to updating the market on Sproule's completed evaluation, and on multiple additional fronts, over the coming few weeks."
Reasons being;
1) Large scope of CPR.
2) The increased activity in N.American oil and gas sector.
3) News on multiple fronts over the next few weeks.
Sounds good to me.