Zephyr Energy Share Discussion Threads

[ride daice] 23/7/2024 07:55

Thinking23 Jul '24 - 07:48 - 12355 of 12356

I think the additional test is to make sure we get the infrastructure right...

"The data from that test will be used to determine our future offtake and processing requirements."

[sandcrab2] 23/7/2024 07:50

Some excellent knowledgeable posts here

Thanks guys

[thinking] 23/7/2024 07:48

A very good test result in my opinion and now we know it’s economic and productive and the additional test is to see if the production can be maximised. Good prices for the production so far as well.

[molatovkid] 23/7/2024 07:47

'The key is the liquids and Colin mentioned the data is indicating the southern half of the acreage is liquids rich compare to the north. This will be very good going into discussions with potential partners.'

Damn right Cash! Put your wells where the liquid is!!

[polysale] 23/7/2024 07:43

THe maths
Using tims numbers from the other day

600boed condensate @ $80 = $17.5m revs
750boed gas @ $12* = $3.2m revs

Total = $20.7m

No down downs in calc

Not bad, not bad at all

[mirandaj] 23/7/2024 07:42

Looking good squiresquire. :-)

[cashandcard] 23/7/2024 07:40

The key is the liquids and Colin mentioned the data is indicating the southern half of the acreage is liquids rich compare to the north. This will be very good going into discussions with potential partners.If they can improve that GoR so there are more liquids, that would be a fabulous result.Cash

[squiresquire] 23/7/2024 07:35

Very good result with substantial potential for near term improvement

[2 solaris] 23/7/2024 07:32

And with more cleaning the rates are likely to be substantially higher. 1350 is good but above that will be brilliant, the quality is excellent. Colin looked happy.

[judkay] 23/7/2024 07:27

1350 barrels a day and it’s choked back , just do the maths here.
This is just the beginning …..,.

[gisjob2] 23/7/2024 07:24

All sounds great to me. Healthy amount of condensate there. With possibly improved flows after acid treatment and re-test.

[1ultimate] 23/7/2024 07:22

Can someone please explain the simple meaning of today’s news? I’m assuming it’s good news but with bad news?

[polysale] 23/7/2024 07:21

Proactive interview

Zephyr Energy sees strong results from State 36-2R well production test, outlines next steps

[cashandcard] 23/7/2024 07:21

The GoR at 180bbls/1Mmscf is top tier.Cash

[2dinvestor] 23/7/2024 07:20

But they did also say this, in the next paragraph"The Company plans to "acidise" the well to further remove any drilling mud emulsions from the natural fracture network and maximise the well's connectivity with the larger reservoir.  This operation is expected to take place in the first half of August and will be immediately followed by a second production test."

[cashandcard] 23/7/2024 07:18

Condensate yield averaged 180 barrels per 1,000 mscf produced and peaked at over 600 barrels of condensate per day. Condensate produced had an average American Petroleum Institute ("API") gravity of 58 degrees, making it a highly desirable barrel for Utah's refinery market. The condensate produced from the well to date was sold to a Utah refinery at a price close to current WTI crude oil prices (inclusive of trucking costs).'A very gassy oilfield - excellent for the economics'.Cash

[lauders] 23/7/2024 07:07

The only "downer" is: While the initial test was successful on multiple fronts, there was also evidence that the natural fracture network may be partially obstructed from the greater reservoir at this well location. The fracture network may be either plugged by the heavyweight drilling mud which was used for well control purposes (from both the well and the original State 36-2 well) or compartmentalised by faulting.

I hope this is not going to dampen the reaction today, which should be good based on the rest of the RNS.

[2 solaris] 23/7/2024 07:03

Couldn't get much better than that!

[jackthecat1] 22/7/2024 21:42

But it was a tiny sale dont forget. Just a two bit holder. throw away money. Toffee's

[molatovkid] 22/7/2024 20:26

Might be a forced sale....panic does strange things.

[saint in exile] 22/7/2024 17:53

Who on earth wanted to sell at such a low price unless they had inside information?Failing to see any logic to such a move unless someone completely shat the bed

[jackthecat1] 22/7/2024 16:20

The reality is, the share price tanked exactly at the time of that 1m trade at 3.82p, that was the cause for the sudden drop today imo.

Albiet a bobbins trade in the scheme of things either way. Buy or sell.

[polysale] 22/7/2024 15:42

Solaris... wasn't in it at the time but remember watching it drop and recover for no reason.. absolute disgrace

I was in Fogl and RKH in their earlier days but sold to put more in GKP