The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Well for certain there is no leak of news at mo....searched for ages last night just to find any snippet - but nothing.
The only thing was a picture on LinkedIn showing damaged tubing and a pile of new tubing - no date against it.
So GLA for tomorrow.
Couple of articles from April and May 2023 that make very interesting reading (apologies if already posted) and highlight the challenges and opportunities that Zephyr face going forward. Obviously events have frustrated the company but it does give what seems a down to earth view.
The sooner we get a comprehensive update from the company the better.
https://moram.eu/?s=Zephyr+Energy
Dominion discussions already taken place as mention in the May Turner Pope research note.
'From that point, Zephyr will remain at the mercy of Dominion with regard to completing the refurbishment of their 16-inch infrastructure, regarding which TPI understands positive discussions have already taken place and construction
of the Dominion pipeline extension is currently underway.'
Thanks Bamps.... and the main point is that due to very high grade ore which they are targeting first will allow the the initial high costs to be recovered very quickly.
And I don't have the answers especially in the faltering timescales. However, looking back at the company financials over last two years I take some reassurance in the company AGM statement.
"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," said Non-Executive Chair Rick Grant.
"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."
Think this has been posted before - but serves as a reminder what Zephyr and DOE are looking to unleash.
https://geology.utah.gov/map-pub/survey-notes/utahs-emerging-northern-paradox-basin-unconventional-oil-play/
the prize is that the Cane Creek still holds 99.2% of 1.2 billion barrels of oil.