Member Info for Womo

Yes! Would be really interesting to see how the reserve amounts could change.

Anyone aware if the AGM is being streamed?
Looking strong today with some chunky buys. Lets hope the non op production results early July push us WELL into the 5's.

For hundreds of millions of Barrels of Oil. 6 Months to massive increase in 2p reserves.
Trading at negative value according to CH - Wilston assets alone worth $100-130m

I hadn't spotted this before and it is from 2021 but gives background info on the US Government backed programme with Zephyr.
https://netl.doe.gov/node/10482

Quote..
At the time of writing, we expect to have the State 16-2LN-CC in production by the end of September, and we are making final preparations for our fully funded three well campaign which is due to commence in the coming weeks.

Cash balance of £9.75million as at end of May.

“Today's announcement demonstrates Zephyr's continuing capacity to grow our underlying asset value, which will in turn provide more resources for the long-term organic development of our Paradox project.”

That's all you need to concentrate on. Non operated wells net revenue far exceed the expenditure and allows ZPHR to concentrate on the Paradox.
With oil currently generating such a high price then seems very wise to take advantage.

Jonny missed it by 1 ball.

Jonny Bairstow - Ledgend - Fastest ever 100 for England.

No sense in the markets and certainly not with ZPHR and its revenue.

Just read the company ESG.
State 16-2 was/is a concept design well.... All will become clearer in the coming months

That's why CH is the CEO and you aren't.

Pardon!!! The 1m Gas Facility will allow the commencement of oil production from sate 16-2 well too.

Paradox Basin oil is light and demads a premium.

For filling yer boots.

Evan, why should there be any doubts about 1m Facility that is $2m cost. It is allowing the production of oil from 16-2.
The cost is being taken from company capital.

Evan, The RNS states generators! to supply a 1MW facility.
No point in guessing the rates. In the meantime The non op wells provide us with the cashflow.

But CH has said that it is not the long term view to do this. I expect at some point we will either JV or sell on.
The good news is that we have a forecast of state 16-22 production start up.
Forecast on rates .....
'During the test, the well averaged rate-constrained daily rates of 716 barrels of oil equivalent per day with rate-constrained highs of 1,083 boepd achieved with limited pressure drawdown.
The Company highlighted that initial simulation modeling suggests possible plateau rates of 2,100 boepd are possible when the well is fully equipped and no longer rate-constrained.'

Armchair Trader interviwe earlier this monthe with Colin Harrington really worth a listen as to where the company is heading during remainder of 2022.
https://soundcloud.com/armchairtrader/carbon-neutral-oil-drilling-zephyr-energy