Member Info for Womo

I am rather disillusioned with the update on 36-2..... admittedly I have no experience in the subject but they have only pulled a further 500' of tubing since the previous update of 6th June. At that rate it could be another 3-4 months before any testing is done. As mentioned in the RNS 'multiple failures' is a new one on me too.

Yes, the news on further acreage and well production (no figures to back it up) is good news .. but rather muted in the circumstances.

Not a good update in my book!

Keeping everything crossed that CH and Team can pull everything together for the AGM on 26th July. I have asked whether there will be a live online feed on the day.... but not very hopeful.

HI Northern..... No nothing yet communicated that 36-2 test has yet started. Hopefully news on Monday.

Page 4 show non op growth in simple graph format..

https://wp-zephyr-energy-2020.s3.eu-west-2.amazonaws.com/media/2023/06/Zephyr-AR_AW-V19.pdf

Kipperfoot, have you read the 2022 annual report showing year on year growth of non op production revenues. Several reasons for non production of operated assets...... However, production testing of 36-2 imminent with full production from both wells by year end.

Interesting thought pete but doubt the gas Guzzlers of USA will be bothered about Just Stop Oil.

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.

"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.

"Our key goals for 2023 are to move the Paradox project into full commercial production while continuing to grow our non-operated asset portfolio.

"I would like to thank our employees and contractors for their hard work in 2022, especially those on site who worked tirelessly through historically difficult conditions last winter. I also wish to express gratitude to our Shareholders, lenders, advisers and other stakeholders for their ongoing support to the Group.

"The Board is looking to the future with a high degree of confidence as we continue in our pursuit of building a group of which all our stakeholders can be proud."

MrEMC2 .... some info on ggp website:-

https://greatlandgold.com/investors/share-information/

Near seven-fold increase in revenues from prior year to US$41.1 million (2021: US$6 million), and a profit before tax of US$22.6 million (2021: US$1 million), highlighting the extent of the Group's growth during the period.

· Net profit after tax of US$19.3 million, equating to a profit of 1.26 cents per Ordinary Share for the year ended 31 December 2022 (2021: US$0.8 million or 0.08 cents per Ordinary Share).

· At 31 December 2022, the Group had cash and cash equivalents of US$9 million (2021: US$1.8 million).

More to come me thinks! Could be just 6 months from Paradox production.

Yes, hopefully we will now see a steady climb back to 7p with an expectation of double figure SP by end of year.

Yes my top up this morning of 17208 showing as sell. CH! I have topped up (as suggested) and await the good news.... Please!

It now certainly looks like the company needs help to move the Paradox project forward after the recent events.

'The Company is committed to advancing the Paradox project drilling programme as soon as possible, and plans to explore options for partnerships, joint-ventures, project finance and farm-in opportunities in the second half of 2023. In the meantime.'

Well that is a nice slap in the face for a Tuesday morning, wasn't expecting that. I expect CH has had the smile swiped from his face too.

There have been a couple of things that the BOD seem to have rushed into recently and then back tracked which gives an less than assured feeling (Bitcoin and now not sure about size of purchased gas plant).

IMO Zephyr are realising (after the event at 36-2, taking 100% of WSU and the gas plant) that they need a partner to move things along at a greater pace (maybe some pressure from Gov bodies too).

But a JV is highly likely.

Harryshang....good point to which CH made reference in his recent video.

Https://www.zephyrplc.com/turner-pope-research-note-16may23/

Will hopefully answer some of your questions Setanta1 and provide some reassurance that things are heading in the right direction.

Setanta1,

Zephyr produced and sold oil from the initial production test of 16-2 well.

Zephyr have told the market what caused the blowout - Faulty Value and the secondary backup also failed.

Yes Zephyr did raise/dilute to purchase the Wilston assets to produce quarterly revenue at a profit which is being used to move the company in the right direction IMO.