Member Info for Womo

Now nearly 2months into process.

There can be no certainty that a Transaction will be concluded; however, given the significant processing infrastructure in the region, the Company is confident of receiving multiple commercial offers.

Hopefully update soon and on the drilling programme.

SP Flying!

250 trades in 7 mins

Need more volume and this will move up quickly.

Adon30, yes it does seem very tight to use existing rig for the Saltwash. It was muted though:-

We have grounds for considerable optimism as we look towards 2024, which is set to be extremely active and characterised by substantial news flow. In particular, we continue to prepare for the exciting State 36-2R well redrill, for which we believe substantially all costs will be covered through insurance, and after which we hope to utilise the same rig for a second well.

With Tim's surprise exit from the company as to whether the new CEO has the experience to get ORR out of the Lanstead agreement going forward. It's obviously holding the company back!

IMO of course!

All I know it=s that Zephyr shouldn't release the rig after second drill..... Lets just keep on drilling.

Hi JohnDough... not sure why you have raised this as being odd now since SGR have provided finance to the company since Dec 2022. However, having said that you have sparked my interest.

There has been a change of tack on a percentage of the funding which stated in Dec 2022:-

ridge loan

To help fund the Williston Acquisition and associated CAPEX, and having explored multiple fundraising options including equity financing, the Company has secured a US$8 million asset-backed bridge loan facility ("Loan"). The facility has been provided by a U.S. based family office which has historically co-invested with certain members of Zephyr's management team on multiple occasions on other projects.

The key terms of the Loan are as follows:

· Loan secured by the New Williston Wells;

· 1% royalty interest in the New Williston Wells;

· Twelve-month term;

· 1% origination fee; and

· 12% per annum interest rate

(and the interesting bit)..................

There is no equity component attached to the Loan. It is expected that the Loan will be repaid through cash flows generated by the Company from the New Williston Wells or via proceeds from the Company's existing reserve backed loan facility after its next redetermination in the second quarter of 2023.

Obviously reduced cash flows since Jan 23 etc have caused the company to re-evaluate the loan.... To Good effect and good management IMO.

So!

SGI Investment.

Tyndall Investment Management increase holding.

Chunky Buys on Friday

JV Suggestions

As you say very very very interesting.

5 x 250k trades and 1 x 400k trade buys after 4pm today..... Hopefully bodes well for next week.. Good weekend all!

Here is the link to TP Research Note:-

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/13059a73-7251-e901-9b48-fd9bd0c0d9b3/ZephyrEnergyplc_ResearchUpdate_3May2024__FINAL_BG.01.pdf

Just had info from TP that there is another research note out on Zephyr regarding todays news.

Islangirl.... Its building nicely ready for your birthday..... Get the Champagne on ice! Mine on the 22nd but with a few more years added than you.

I said take your positions yesterday..... Two nice major shareholders doing exactly that!

and great news that the drill is going WELL! Come on Colin lets have the Cheshire cat smile back with feeling.

Take your positions. Everything crossed!!

IMO this has got to be one of the most exciting share on AIM for many reasons:-

Judge for yourselves

https://www.eaststarplc.com/media

Lets hope this helps to blow the ...... doors off.

Southern... Other entities also have the opportunity to buy Newmont's divested parts. However, GGP have last rights (if the company thinks its worth while).

Bottom drawer!

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, has received the below notification from Lanstead Capital Investors LP, confirming that it now holds 662,064,545 ordinary shares in the Company, representing 16.99% of the issued share capital. This includes 0.17% of dilution related to the warrant exercise on 23 January 2024, where certain Directors converted their warrants to shares.

Sorry... Until 9am tomorrow.