Zephyr Energy Share Discussion Threads

[2 solaris] 06/6/2024 13:49

And you have to subscribe! For what, old news.

[paddyfool] 06/6/2024 13:44

Just rehashes the RNS!

[saint in exile] 06/6/2024 13:26

Hope you dont mind me creating a link cat.You just need to make one of the first 5letters a capital

[cat33] 06/6/2024 13:15

Good summary of the well updatehttps://oilman.beehiiv.com/p/oilman-jims-letter-june-6-2024Worth reading

[cashandcard] 06/6/2024 12:25

Agreed. The flowrates are what needed to confirm the opportunity/scale to a bigger player."Zephyr Energy's flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah which has been assessed by third party consultants Sproule International to hold, net to Zephyr, 2P reserves of 2.6 mmboe, 2C resources of 34 mmboe and 2U resources 270 mmboe"I think we are just weeks away from this, here's hoping things go as planned.Cash

[molatovkid] 06/6/2024 12:22

Even 50 wells @ $6m a well say....small beer to some cash rich oilers.

Happy to see ZPHR partner up, just trust we don't get a poor deal.

[tima441] 06/6/2024 12:15

Turner Pope note link and other info

[saint in exile] 06/6/2024 12:04

We really need a partner with deep pockets if we are to develop 200 wells in the Paradox from a timescale and funding point or view.If the figures are good it wont be hard

[parsons4] 06/6/2024 11:38

Don't you think they have already shown many potential partners what the paradox acreage is capable of !! My guess is that several big names are also waiting for the flow rates !!

[cashandcard] 06/6/2024 11:34

If they can show what this play is capable of, the prospect of a partner to assist with development would be amazing. Cash

[2 solaris] 06/6/2024 10:58

From TP

'The blowout of State 36-2 reported on 11 April 2023 resulted in hydrocarbon
release from the original well in an uncontrolled manner over three days.
This left an impression of a large well capable of producing significant
volumes of both natural gas and high-API gas condensate (that typically
trades on a price/bbl slightly above WTI). Today’s high impact drilling results
from State 36-2R reinforce this expectation'.

[2 solaris] 06/6/2024 09:31

It is beginning to sound like a huge discovery in Zephyr's acreage and I bet Malcy will not be lowering his 20p target. This has been worth waiting for.

[2 solaris] 06/6/2024 09:28

You may need to go to LSE for full TP note but here is a paragraph.

Rock pore pressure analysis
suggests formation pressures estimated at c.9,300 pounds per square inch
(which is broadly consistent with previously drilled offset wells).
Furthermore, it confirms the presence of hydrocarbons within a large
structural compartment that falls within Zephyr's acreage and 3D seismic
coverage. The coming weeks will see equipment mobilised for well
completion and commencement of production testing. This will determine
reservoir pressure, fluid composition, well flow rate, bulk reservoir
permeability and deliver an early estimate of the overall potential
recoverable resources. A successful outcome could then be translated quite
rapidly into 2P reserves and potentially spike overall Group production from
Q4 2024/Q1 2025.

[polysale] 06/6/2024 09:21

New Turner pope note

Following this, output might be expected to rise steadily on a quarterly basis.
Assuming expectations of the scale of the discovery can be confirmed along
with its implications for the greater field development, TPI considers it
possible that Zephyr may at some point seek to partner with a larger oil
producer, in order to accelerate development of the overall Paradox Basin
play. This would likely be based on upfront/ milestone payments plus free
carry for Zephyr as it earns-in to the opportunity

Won't let me post a link

[saint in exile] 06/6/2024 09:07

Will H&P be doing the production testing side of it too?

[cashandcard] 06/6/2024 09:03

Let's hope the testing goes to plan. So far, H&P have done a great job to get this far safely and without trouble. Hoping for confirmation of commercial flowrates in a few weeks from now.Cash

[saint in exile] 06/6/2024 08:33

This is getting very exciting.Cant wait to see those figures barring accidents.9000psi is a phenomenal amount of pressure.Would imagine the majors will be watching this closely

[2 solaris] 06/6/2024 08:04

The well has been a resounding success now it only remains to be seen how much it will flow. This is the plus side of high pressure and I expect good figures. I hope CH will do an interview, perhaps even a question and answer session as there is still a lot in the pipeline, pardon the pun!

[judkay] 06/6/2024 08:01

Boom next stop 0.0633 blue sky above

[mojad5] 06/6/2024 07:47

9300psi - wow.! No wonder Colin is delighted.:)

[thinking] 06/6/2024 07:28

Another great update, all looking very positive for the future.

[arooster] 06/6/2024 07:25

Is 9300 very high for pressure and does higher pressure mean greater flow, or how does it work?

[haveapunt1] 06/6/2024 07:19

Good news. Big chunk de-risked although don’t see the market getting too excited until flow rates announced and confirmed its commercial. A lot of work still to do and confirm yet over the coming weeks. I always felt the TD has been baked into the price, thus it’s the flow numbers that will give us the next lift. However great to see the drill hit TD with no issues

Interesting times