Member Info for Womo

Bit more information to be gathered in this report on all aspects. Think I will give them another six months.

Https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/d4e0955d-e571-5c48-1e2b-e8468defb89a/ZephyrEnergyplc_ResearchUpdate_29September2023__FINAL_BG_1_.pdf

Well for certain there is no leak of news at mo....searched for ages last night just to find any snippet - but nothing.

The only thing was a picture on LinkedIn showing damaged tubing and a pile of new tubing - no date against it.

So GLA for tomorrow.

Would be nice to see a bit of FOMO taking us to 5p before the Interim RNS.

No excuse not to get 16-2 up and running now.....End of year looks promising.

New licence applications in Pilbara

Couple of articles from April and May 2023 that make very interesting reading (apologies if already posted) and highlight the challenges and opportunities that Zephyr face going forward. Obviously events have frustrated the company but it does give what seems a down to earth view.

The sooner we get a comprehensive update from the company the better.

https://moram.eu/?s=Zephyr+Energy

Nice try MM's...

Dominion discussions already taken place as mention in the May Turner Pope research note.

'From that point, Zephyr will remain at the mercy of Dominion with regard to completing the refurbishment of their 16-inch infrastructure, regarding which TPI understands positive discussions have already taken place and construction

of the Dominion pipeline extension is currently underway.'

JohnDough, Hmmm? I wonder why Zephyr have bought a Gas Plant if they couldn't feed into Dominion structure. Of course they have been in consultation.

Thanks Bamps.... and the main point is that due to very high grade ore which they are targeting first will allow the the initial high costs to be recovered very quickly.

And I don't have the answers especially in the faltering timescales. However, looking back at the company financials over last two years I take some reassurance in the company AGM statement.

"Zephyr continues to be well positioned as a profitable, cash generating exploration and production group and our balanced portfolio of operated and non-operated assets is expected to continue to yield strong results for Zephyr. Cash flows generated from our non-operated portfolio will continue to be primarily used for the ongoing development of our flagship Paradox project," said Non-Executive Chair Rick Grant.

"Looking ahead, with a diverse portfolio of cash-flowing assets, potential for substantial future organic growth, a solid financial footing and a talented and dedicated team of employees, we continue to be extremely optimistic about Zephyr's future."

Think this has been posted before - but serves as a reminder what Zephyr and DOE are looking to unleash.

https://geology.utah.gov/map-pub/survey-notes/utahs-emerging-northern-paradox-basin-unconventional-oil-play/

the prize is that the Cane Creek still holds 99.2% of 1.2 billion barrels of oil.

Good point Adon, but that's a question for CH, but suspect the terms of the Debt Facility didn't cover the requirement.

Thebhoys, The company have explained why they needed the £3.1m, it was to cover the Blow Out at 36-2 until Insurance covered most the costs (Insurance would not pay up front).

Matty, you missed the point...... already invested and waiting to get my head above water.

6-9p range for nearly a year.....sp will start to get my attention when in double figures.

Yep! the market takes delays and clears the market downwards at great speed. Hopefully it can recover towards end of year.

Investacat.... fair enough and hopefully all coming good by end of year.

Molatovkid, agree! if we are producing by end of year then great....but its looking ever more doubtful. Hope I am proved wrong.