The interest will come when CH tells us what he plans to do regards production. Will it be Q2, Q3, Q4, next year... What is in place exactly or is it more of the past where delays rule and expectations never materialised. Remember the 10 ten wells a year, 200 in total, how the non ops were going to pay for it all!!! Did the insurance cough up in the end or is that still a long running saga because that mess was paid for by a fund raise that the share price has never recovered from.
All eggs are now in this basket. |
It would do if there were buyers, the fact is most believers are already holding enough.
Needs new interest which I guess will only come towards the end of drilling. |
It's a pity the share price doesn't respond with equal excitement. |
Latest X update: Colin on site sounding very upbeat. He obviously is keen to be close to the action more than usual.
I genuinely think this is the big one this time after our long wait and it’s only the beginning.
Great time to get in with such an excellent (low) share price
I think we will get an answer on the potential flow rates much sooner than 30 days after completion. Once those taps are turned on Colin will be hard pressed to hold back his “initial” excitement.
Onwards and upwards. |
Another gorgeous cold day in the Paradox Basin. Drilling is proceeding as planned and we look forward to updating #ZPHR shareholders in due course.
On target for a very exciting future
We hope! |
By my estimations circa 1000ft of the lateral should have been drilled, all being well!! |
Salt wash has NOT been abandoned.
The point of this well is to prove up the whole Paradox concept. If the outcome is as expected then it's a very golden key unlocking a very golden padlock.
Gas plant will be ordered based on the outcome and don't forget it will link 16-2. Modular plant very accessible paid for by the supplier who will receive a royalty. |
Falls are as regular as clockwork with this share.
No other news on the horizon, only the lateral. Salt Wash seems to have been abandoned, CH never mentions it now so all our eggs in one basket with no mistakes, bad luck, breakdowns. No idea when we will actually get production if the lateral is a success as they still can't sell the gas. |
I think the drop is obvious. Purely T traders who expected spudding to raise the share price and they have run out of time and have to sell. Not a problem, just noise so ignore..............or top up, as has been suggested.
In a month or so we (investors) will be rewarded |
 The ZPHR assets in the Williston prob don't cover the debt but worse they are borrowing against them at 10%+ interest rates and these types of assets are mature and only pay very high returns at very high oil and gas prices. Nat gas prices in they US are low. ZPHR has some hedges but I doubt very much they are covering the debt taken out against them.
It's fairly easy to paint a good story about them based on what they cost and what you get initially in cashflow but they require huge maint capex and they decline very fast. It's a real treadmill of a business ;model.
This is why Lucero is valued at such low multiples.
Paradox is an idea. I have to admit they've done a good job in getting someone to bank roll them on the lateral. I suspect the terms are much worse than they appear but we'll not every know that until it's too late. If it flows *and* they can expand the development it might be worth something. It's blue sky explo at best though and I don't see any reason why it justifies the £60m market cap. The risk of this failing after the last 3 attempts is pretty high and then you have £60m of hot air in the market cap. |
Read the subtlety
There is no reason why investors should sell these shares.”
There is no reason why INVESTORS should sell these shares. Correct
However, there is every reason why day traders and gamblers that can't meet their leverage have to and this share has been plagued with their like for years..
Only a complete buffoon would suggest the share was never worth 2.5 p when a third party has just divvied up 7.5 million to prove up the paradox. |
kingston78,
”There is no reason why investors should sell these shares.”
What about: the share price is driven by buying from numpties who don’t understand the basic principles of valuation. It was never worth 2.5p a share and still won’t be worth 2.5p with the drill complete?
JakNife |
The drilling programme is on course. There is no reason why investors should sell these shares. |
Obviously someone knows how well the drilling is going .... hence the share price move !
No, I don't think that.
But it's an antidote to all those posts that would appear if the share price was rising . |
Nice summary from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-january-22-2025Will it produce the hoped for production numbers? |
Whilst we wait:
Good , short video on the lateral drilling process.
Many others but this is explained quite well in just 5 mins approx.:
Ps: I should add this shows fracking, not acidisation but it gives a very simple idea of the horizontal technique. |
are we expecting updates ( within reason ) during the next 30 days folks?. |
Colin always said production plant can only be sized and ordered after the test.
Assuming all goes to plan and they proceed with:
- size, order, install, commission production plant
- link up, test/commission, gathering lines and Dominion gas pipelines
When do we expect sales? by end year?
Presumably will not start early within a flaring limitation - for both licensing and ESG reasons
Production plant will be funded by company they appoint to build - apparently normal method. And paid by a levy on throughput
Pipeline and connections etc is a relatively small cost and will be self funded from existing resources. |
I suspect the investor who is putting 7M into the hole is doing so with certain knowledge of plans to get to production pdq. |
He originally said production by end of last year so the infrastructure should have been in place, it obviously isn't. With this track record and no other information it take ages to start production. |
This may be the transformational year for Zephry in a Trump Administration. |
From 23rd Dec RNS
Following the completion of the extended lateral, the Nabors rig will be demobilised and equipment for the completion and production testing of the well will be moved to site. It is currently expected that the results from the production test on the well will be available by the end of March 2025.
Once the results from the production test are known and considered sufficient, the Company will work to finalise gas processing and related infrastructure requirements for the project, in order to tie in both the well and the State 16-2 LN-CC well as soon as practicable.
So infrastructure next and hopefully a new CPR |
CH doesn't mention what will happen, if anything, after testing. Will they sell the oil and gas or will there be another long delay before that happens? |
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