Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Https://wiki.seg.org/wiki/Paradox_basin
The Cane Creek Reservoirs have produced interest from several companies, however the unconventional properties have made it difficult to produce and scale. There is currently research being done on how to efficiently produce from some of the unconventional plays in the basin. The current project being conducted by National Energy Technology Laboratory, University of Utah, and Zephyr Energy will take four years to complete and will result in the the testing to determine optimal stimulation techniques using at least one horizontal well. If the project is successful it could lead to a boom in production of the Paradox unconventional plays. There are several major pipelines within the basin including the Northwest Pipeline, Southern Trails Pipeline, and TransColorado pipeline for natural gas; the Western Refining pipeline for crude oil; and the Rocky Mountains pipeline owned by Enterprise for natural gas liquids.
Is this the start of the Boom!
IMO Zephyr has more than enough on its plate without looking at another play (apart from Williston assets that are providing revenue).
Get this 36-2R drilled and in production and gas infrastructure... then wait for big brother to take us out or massive JV
I have just picked up this statement from the 21st Dec RNs - 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.
I await reply to my email in confirmation of the above.
In the Nov Corporate presentation it states that 'Repayment of related $8.6 million bridge note is due by 15March 2024 on the Slawson wells. No mention in the recent Auctus Note about this....I have emailed the company asking how this will be covered off.
Thanks Hawaii, this is usual practice with mum's - in this instance they just keep playing the spread.
However, My view is that the company is moving into a strong development phase with further JV support.
Get the drill bit going and increase the JORC and it's quids in. IMO....Good Luck all
IMO 2024 is a potential breakthrough for Zephyr.
The November Corporate Presentation gives an idea what hopefully will happen... so pays your money and takes your choice!
https://www.zephyrplc.com/presentation-apr23-2/
Anyoneforcricket.... Last October you were ok with giving the company 12months to turn things round - under the heading..
'Is bad news really good news'
Once you look beyond the short term timescale issues that will be frustrating retail punters (i imagine behind todays drop) I suspect a fresh drill is actually long term good news. Pity they could not get the insurers to agree this approach sooner….but that the insurance industry for you. Hydrocarbons with a lot of pressure are proven to be there, this dip may we’ll be a buying opportunity . I am holding onto what I’ve got… believe in circa 6-12 mths this should look very different….gla, but respect to those who need to release their cash now