Zephyr Energy Share Discussion Threads

[john henry] 10/7/2024 12:57

Cat33 cut out your own Promotion of this cut and paste Rag.

[cat33] 10/7/2024 12:18

Good summary from Jim https://oilman.beehiiv.com/p/oilman-jims-letter-july-10-2024Worth reading

[cashandcard] 10/7/2024 11:57

Loglorry,It's important to understand the local geology This is right near the acreage and they've learnt from the previous failings/blowouts. So far so good. What we know is the well is flowing Gas and Condensate (ref 60 API oil - that's condensate). Let's see where we are in a couple of weeks when they conclude testing operations and prepare an early estimate of resources.Cash

[loglorry1] 10/7/2024 11:41

There have been many many attempts on this basin that have been sub-commercial. Not sure cherry picking one that worked adds anything at all.

They need substantial oil or condensate to make this commercial.

[1ultimate] 10/7/2024 11:23

Hi all, I’ve just come across this company and have read that they are drilling with imminent results.

Can some of the more knowledgeable investors please outline the potential upside share price wise if this well produced what they are expecting and also the downside if results aren’t as expected?

Any help would be much appreciated, my gut is telling me to buy 100k as it will be a good result but….

[cashandcard] 10/7/2024 11:11

Loglorry,Maybe, but I doubt it. It's simply the initial high flowback, very common in this area in many wells.This is from an old update from Delta petroleum regarding a well that the old Zephyr (Rose petroleum) mentioned a number of times in their historic updates. To the West of their acreage;"Delta PetroleumDelta Petroleum's Federal 28-11 well began flowing from the bottom interval of the 16 clastic intervals through a separator at 6:00 a.m. on Friday, December 14, 2007. Over the first 24 hours, the well produced 4.32 million cubic feet of natural gas (Mmcf) and 794 barrels of 60 gravity oil on a 28/64" choke. Over the first 48 hours, the well produced 7.5 Mmcf of natural gas and 1,379 barrels of oil. During the last 24 hours the production stabilized.This is an un-stimulated "open hole" test. When drilling the well, Delta was unable to penetrate completely through this interval due to the very high pressures that were encountered. The Company plans to recommence drilling to access the remainder of this interval and additional deeper zones.This is the same clastic interval that experienced the surface blow-out in the Greentown State 36-11 discovery well, and the pressures encountered in the Federal 28-11 well are very consistent with pressures seen in both the Greentown State 36-11 and 32-42 wells, which are located six miles to the north and 1.5 miles to the south, respectively. The Federal 28-11 has 15 additional oil- and gas-bearing clastic intervals that contain approximately 900feet of potentially productive zone that the Company plans to test and complete in the future"Cash

[loglorry1] 10/7/2024 10:48

Cash don't you think maybe they'd crank up the flow for the photoshoot? They were certainly wise enough to take the picture at night for best effect :-)

I don't think you can conclude anything about flow rates from this picture other than some sort of flow has been achieved.

[thinking] 10/7/2024 10:07

Three more large rollovers showing as sales this morning….

[packman8] 10/7/2024 09:16

The output from the well will be flowing thru a separator with the gas going to the flare stack and the condensate to tanks.
If it is a high pressure well a 1/4 inch choke is a common starter size increasing to 1 inch over time depending on the constraints of the surface equipment.
The other limit which has been previously talked about is the amount of gas which can be flared during the test.

[molatovkid] 10/7/2024 07:58

36-2R In Action!!

hxxps://x.com/ZephyrEnergyPlc/status/1810618745926123911

Apologies...just seen it posted previously, but it is worth repeating

[cashandcard] 10/7/2024 04:00

From Cruicky6464 on LSE"Flow ratesA couple of things I took from the image of the flareOne is that it is so clean burning it's only gas, so are they flowing the condensates to some sort of storage for onward sales.Also the size of the flare I would estimate to be greater than 12 mmscf/d with liquids on top of this.Also as I previously stated it's normal to start initial flow rates with a small choke. So hopefully the well is capable of flowing a lot more.The next few days they will be able to have a lot more information of how big the find is.I am hoping they will post the initial flow rate's tomorrow or Thursday.Exciting times indeed"

[argylerich] 09/7/2024 17:40

For those moaning about gas prices:

FOR IMMEDIATE RELEASE
July 9, 2024
EIA expects rising electricity demand and natural gas prices to affect electricity fuel mix for the rest of 2024
The U.S. Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and natural gas prices increase. In its July Short-Term Energy Outlook (STEO), EIA forecasts that natural gas prices will be about 36% higher in the second half of the year than in the first half of the year, which the agency expects will lead to a decrease in electricity generation from natural gas—the largest fuel source for U.S. electricity.

[obmuj] 09/7/2024 15:23

....and I would hazzard a guess the 2 x 400k "sells" were Bed 'n ISA. Close to £20k.

[jackthecat1] 09/7/2024 15:10

exactly, we may end even or slightly blue. Matters not to me.

[assagai] 09/7/2024 14:47

Those rollovers seem to be all below mid, painting quite a distorted picture of a "balance" wheteas in reality buys outweigh sells making the share price action somewhat questionable.

[jackthecat1] 09/7/2024 14:39

best post all day thinking & spot on imo re 3 or 4 bigger trades / rollovers etc.

[thinking] 09/7/2024 14:16

Noting a few rollovers today following the update, so confidence being shown by traders.

[assagai] 09/7/2024 13:36

The moment i scrolled down and saw "jaknife' i played a little game with myself ( just for fun). Without reading a single word of his diatribe I made bullet points as to what he would say and I got seven out of 10 not bad eh he and superrich really should get married or maybe they are already. 🤣🤣

[gisjob2] 09/7/2024 12:39

Ignore the doom-mongers and take any supporters comments with a pinch of salt too. Let's all be grown ups and make our own minds up by doing our own research and making our own decisions. Group-think either way is unhealthy for your bank balance, it's your money, everyone get their big boy pants on and take responsibility for your own investments and ignore the noise. It's much better that way.

[buffinman] 09/7/2024 12:33

Malcy:

This is a very solid announcement from Zephyr but just to put things straight, the company, who are amongst the most open about keeping shareholders in touch, had said that they would tell shareholders when the production test was starting and that is simply what this is about.

For me it is actually pretty good news in its own right even though it is only the start of testing. For starters the fact that they are seeing both gas and condensate straight away is encouraging as typically one would expect to see gas first and then oil/condensate later as the flow back progresses.

And shareholders should not panic, in my view this announcement was never meant to be anything technical today, it really is only the start of the process and CEO Colin Harrington and the whole team are feeling in a good spot right now. Nevertheless the next two weeks should be exciting and shareholders have every right to dream the dream, watch this space…

[fenners66] 09/7/2024 11:58

I would much rather read both views.
Those that support shares in a vacuum - wanting to surpress any negatives - are often left holding the baby.
Making money is as much the avoidance of losses as making profits.

[2 solaris] 09/7/2024 11:54

Oh for goodness sake, why are people still responding to these cranks whose only purpose is to try and bring any share they have not tipped, down?

[jaknife] 09/7/2024 11:49

john henry,

”Jacko re( Shareprophets) im guessing you closed your position”

Do you need a lesson on past and present tense?

Your post at 12,196 remains a fabrication.

JakNife

[obmuj] 09/7/2024 11:46

and, quote:

"Exciting times at the State 36-2R well - production testing has commenced and #hydrocarbons are flowing!"