Member Info for Womo

Yep and the non-operated Williston Basin Q1 average operating expenditure was US$11.87 /boe...... $100+ profit per barrel
Bring on the Paradox - 4 wells 2022 and possibly another 10 wells 2023

at end of trading. Chunky too!!

Sorry Scottie, I'm busy watching paint dry.

investor110, Having just checked the presentation slides you are correct in that the Q1 was $9.8m to Zephyr. However the RNS of 11th May does say that the $11.5m was net. Hey Ho

invest110, excellent summary Thanks. I think that the WB wells generated $11.5m in last quarter was NET to Zephyr.

Evan3020, Give it a rest as you just don't understand the complexity of the business. Even without production you have missed how these four wells in the Pardox will move the increase the reserves by millions of barrels by end of year.
Sixteen more wells to come online in the Willston H2 too. As CH mentioned there will be loads of communication by the company in H2.
I took another 31k shares tis week and will be certainly adding at this price.

Need to watch again a few times to pick out the important info. CH talks so bloody quickly.

Well the pertinent questions have been put forward for tonight so maybe CH can enlighten us about the Paradox and State 16-2 (as much as he can anyway).

Scriven, I can only think its still some placing shares from January. Can't see why on earth anyone would sell with what is going on here.

Will be even stronger revenues next quarter, as March alone produced $6m... and another 16 wells to come online within next six months. Plus State 16-2 at some point.

Northern, State 16 -2 Initial simulation modelling suggests possible plateau rates of 2,100 boepd are possible when the well is fully equipped and no longer rate-constrained. So without any further information its an unknown.
But CH did mention about a 10 well programme in 2023 too.

Argylerich, not sure about that but would be good.
CH seems to be back on full communication mode now as news flow via interviews has increased.

Sroddy, we may not hear further production results from Willston this month as Zephyr are looking to now give details on a quarterly basis (as per RNS of 8th April)
All money is going into the next three Paradox Wells in second half of 2022.

Blueshoes... I had to laugh ay the 'Revenues Slim' statement.... Tell me! how much profit do you think ZPHR are making on a barrel of oil from the Willston Basin? and how much they will be making per per barrel of oil from the Paradox when in production.
Also to transport 10m cubic feet of gas per day after converting into liquified form would still be over 50 trucks per day.

setanta... from what I remember from the last Proactive/Malcy inetrview (can't remember which) CH intimated that the infrastructure would be in place for when the other Paradox wells are completed. This does tie in with the statement in Jan RNS that sales from gas would be in Q1 2023.
I agree that the daily share volume is not good and any decent rise is bein sold into. Just need to hold and let CH do the business.

Setanta1, its all in the RNS of 26th January if you care to read it-
Further infrastructure buildout at the State 16-2 well is expected to facilitate additional gas sales via a nearby pipeline. Work for a pipeline tie-in is expected to commence in the second half of 2022 for sales in 2023.
The strategy for this infrastructure is due to be announced very soon.
The semi botched placing has now allowed the company to purchase non operated wells that is now bringing in $6m per month, some of which has now been hedged to give the company the foundation and funds to complete three further wells in the Paradox (self funded).

The foundations are there but CH does not control the markets. Maybe next time at 7p you will get the opportunity to sell (hope so!)

Management’s ambition is now to increase all reserve and resource classes by this time next year and, ultimately to unlock the next unconventional onshore resource play in the U.S. Indeed, the fact that Sproule has estimated the Paradox Project’s unrisked recoverable (3P/3C/3U) boe to be more than 3x previously stated management guidance demonstrates the true scale of this opportunity. Given the cash now being generated through the Group’s portfolio of non-operated working interests, its ability to deliver exactly this through funded, organic growth now appears to be significant.
Deliver exactly this through funded, organic growth!!!!

In March $6m = £4.75m with another 16 wells to come online before end of September. Paradox 16-2 well hopefully to come online in next couple of months which should give another 1000+bopd. Which should push it to £6m per month (conservative).. £72m per annum net revenue.
Market Cap £91m Go Figure - Unless I have got my figure totally wrong then ZPHR is due for a re-rate upwards soon.

Sorry should of said 'will morethan triple the BOPD and revenue.'

Just listened to the interview and it really gives a perspective on where Zephyr is going. Maybe a little while longer before 16-2 gets into production but the strategyand infrastructure needed to be adjusted due to the large amount of gas. But to have possible four wells from the Paradox in production by end of year/Q1 2023 will double the BOPD and revenue.
The intimation of a 10 well programme at Paradox in 2023 sounds amazing and sounds like all self funding from current producing assets in Willston and the four wells in Paradox.