Member Info for Womo

State 36-2R fluid analysis results expected shortly

• Internal assessment of well EUR to be completed shortly

• Update larger development plan

• Commission updated CPR

Next Steps - Paradox

• State 36-2R fluid analysis results expected shortly

• Internal assessment of well EUR to be completed shortly

• Update larger development plan

• Commission updated CPR

• Complete gas processing plant design planning and commercial agreements

• Deliver tie-in and tariff agreement with Enbridge (16” pipeline to Northwest Pipeline)

• Commission infrastructure and tie in the State 36-2R well

• Workover and tie-in the State 16-2 and 28-11 wells

• In parallel with all the above, Zephyr will continue to speak to potential partners

(strategic and financial) with regard to accelerating the overall development of the

project

Thanks papaduke....Great write up from Malcy..

I'd be very happy with 20p !

Quote!

However, there is an estimated 1.2 billion barrels of potential oil (barrels of oil equivalent, which includes natural gas) in the Cane Creek, meaning that 99.2 percent of the oil in the Cane Creek remains in-place. These numbers do not include all the other overlying clastic zones that also have petroleum production potential. So far, the challenges of this play have overshadowed the significant successes. This DOE-funded project seeks to provide multiple paths forward for the development of a commercially successful tight oil play.

Brilliant,,,, great result for the team.

Given such highly positive observations, the Group’s ongoing discussions with US-based industry and asset-level financial partners with respect of the larger, long-term development of the wider Paradox project is also expected to accelerate

Ezhik... Yes this is my largest investment holding. Could ZPHR and GGP be the Golden eggs I have long waited for.

I/We have waited such a long time for this.... bring it home CH.

Office.... I have opened a trading account with Hargreaves Lansdown. Account opened online. Now need to wait until account confirmed as open then will need to complete transfer form from Jarvis to HL.

Having not long opened an account with Sharedeal active - Jarvis Management. I have today received a letter stating that they are transferring part of their business to Interactive Investor and that my new account doesn't meet the criteria. So will need to change provider again. Bloody Parry! and JP Jenkins.

We are writing to notify you that the Jarvis Group has today announced an agreement to transfer the majority

of customers within the execution only business, Jarvis Investment Management Limited (JIML) to the

investment platform interactive investor.

Unfortunately, your account does not meet the criteria to be transferred within the terms of this transaction,

and so we are writing to you to inform you that our relationship with you is being terminated in accordance

with the general terms and conditions of our agreement.

Any info on another broker who deals with JP Jenkins?

Gold approaching year high again!

All sounds very promising. Look forward to test results later this month. Hopefully by then financial markets will of calmed down and Trump sees sense.

Have a great one! Go easy on the liquid refreshment!

What's going on!

Switch off and get out in the sun shine..... See you at the next update. Life's too short.

It's not just Drill Baby Drill... The US department of energy is fully behind and supportive of Zephyr the primary goal of opening up the next prolific onshore U.S. oil and gas play.

Grant Funding from U.S. Department of Energy

Following similar U.S. government grants awarded to the Company in the past, Zephyr has obtained an incremental US$250,000 non-dilutive research grant from the DOE to support well testing activity on the State 36-2R well. This brings the total DOE grant funding made available to the Company to US$3.65 million in recent years.

The grant is administered by the University of Utah's Energy & Geoscience Institute ("EGI"). Zephyr's technical team continues to work closely with the EGI, the Utah Geological Survey (the "UGS") and other Utah-based partners in utilising DOE research funds to fully evaluate the potential overall productivity of the Paradox Basin.

The objective of the incremental grant is to fund a detailed evaluation of the State 36-2R production data from the forthcoming State 36-2R well production test.

What people do forget is that Zephyr have had several grants from Government bodies in the run up to opening the Paradox. Is 36-2 the Golden Key?

Blimey Gurk......There would need to be a few ducks in line for 80p

Bring it on!! I would be saying cheers and goodbye to everyone on here.

It's been a steady climb since Jan. Bring it home CH.

A positive production test will see this well passed 5p imo.

Then an updated CPR please!

I don't think you need to worry about the mm's and shares. Need news to really see the volume rise along with SP.

But 25% will do for now.

IMO I think its far to early to be talking about Takeover, the finance provided was as stated:-

"The U.S. non-operated investment market is growing increasingly active, with notable recent transactions in proven basins such as the Williston, as well as in other emerging plays close to our operations in Utah. We are delighted to be able to utilise this type of U.S.-specific funding for our Paradox project and view it as a highly attractive form of growth capital.

"With no issue of Zephyr equity or debt, and with no residual upside exposure in the future development of the Paradox project, this is a strong endorsement of the projects' single well economics. We are hopeful that the extended lateral will be the catalyst that ultimately delivers significant value from many more wells to be developed on our Paradox acreage, and this funding provides Zephyr with full flexibility for that future development.