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And which should give us all a very clear picture of where this is heading:-
In light of today's Acquisition and the recent Paradox project acreage acquisition announced on 25 August 2022, and prior to the commencement of its upcoming Paradox drilling programme, the Company intends to present detailed development plans and schedules for the Paradox project at an investor webinar, the date of which will be announced within the next two weeks. Max 12 days and counting!
It is so easy to skip over when reading RNs's
Given that a three well drill programme is expected to commence on the Paradox project in 2H 2022 (funding for which is being provided by the Group’s Williston Basin non-operated assets), Zephyr looks set to remain highly active in its
run-up to 2023. This will be key to the Group closing in on its ULTIMATE GOAL of unlocking the next great unconventional onshore resource play in the US.
Secondly that Zephyr are in a JV with the US Department of Energy on this project.
The full text of the resolutions will shortly be available via the National Storage Mechanism.
Give us a clue DEV? Where the hell can they be found.
Looks like a ticking timebomb waiting to go off.
If and when the share re-lists (and it heads for 99p) then I had better get them into an ISA PDQ.
Sorry... incorrect link
https://www.lse.co.uk/rns/EST/half-year-report-kimjc0szve5xl9j.html
Read the Half Year Report from 23rd August RNS - But here is a snippet:-
"Considering East Star re-listed just seven months ago, the pace and quality of progress in Kazakhstan has been exceptional and I would like to commend the executive team for their efforts. Being able to move this swiftly to secure new opportunities such as the rare earths project and additional VMS licences, or to oversee geophysical work such as the under-budget EM survey on the VMS licences, is precisely why the CEO is stationed in Kazakhstan giving the Company a genuine first-mover advantage and the ability to get things done. If you believe, as we do, in the extraordinary mineral exploration potential of Kazakhstan, there is no other pure-play listed explorer with boots on the ground through which to access this opportunity - this is an incredibly exciting period for the Company and our shareholders."
https://www.lse.co.uk/rns/EST/rock-chip-results-rudny-altai-kazakhstan-542rnynhyahfboh.html
I smell news.
Very impressive Rock Chip grades and with the historical info EST have and are getting then this is a great start.
What a brilliant choice to support media role oue in India.
Looks like the 150k trade today is a cancelled sell from yesterday. So here's hoping for another good day. GLA
blissful, its in the RNS.
The Company also continues with extensive preparatory work related to its upcoming high impact drilling programme. The State 36-2 LNW-CC well, with a 10,000-foot lateral well targeting the Cane Creek reservoir, has been designated as the first of the three wells planned to be drilled. As previously noted, the Company updated its APD with the BLM to reflect the extended lateral. Zephyr will proceed with drilling operations upon receiving Federal approval and securing a rig contract. All state level approvals related to the State 36-2 LNW-CC well have now been received.
"With the new acreage secured, we plan to spud the State 36-2 LNW-CC as soon as final permits are received and a rig contract is secured. We will be providing a full update on the proposed drilling programme once the final permits have been issued.
Micru, its in the 7th June RNS
Colin Harrington, Zephyr's Chief Executive, said: "We are hugely excited to embark on the next steps to open up the Paradox Basin resource play. The completion of our highly successful INITIAL well test gave the Zephyr team the comfort to proceed with detailed evaluations of both near and long-term off-take solutions for the gas volumes from the State 16-2LN-CC well. The plan announced today allows us to both accelerate near-term production and benefit from long term gas sales optionality should the economic returns from the co-located crypto-mining facility meet internal expectations.
"Our planned crypto-mining facility will enable Zephyr to meet its near-term objectives - it will allow us to accelerate revenues from the State 16-2LN-CC well, to earn additional revenues from the crypto-mine infrastructure, and to enable a LONG TERM TEST which will provide valuable information about the well's production profile.