Should be a good day tomorrow then…. |
It won't be long before the share price rises to the 5 p level. |
Q4 results (due end of February) will also give non op revenues for the year. |
Q4 results from the non op due any day imo. |
Now I know your only pulling peoples plonkers but
Third Quarter 2024 Williston Basin production results
production from the portfolio averaged 1,047 barrels of oil equivalent per day ("boepd") net to Zephyr, and 96,324 barrels of oil equivalent for the period
Production....triple it....give or take 3000 boepd |
Triple production over next two years, what production, they haven't started production yet?
What figures in boepd? |
Nice one.End of March things are doing to look different. |
Thanks for that link Tima441.
Very interesting indeed.
More or less sums up most of the pertinent points on everyone's mind.
The potential here is for a sudden surge after the 36-2 result.
The share price right now reflects those concerned that there "might" just be another issue with the well but those who actually listen and have evaluated the potential should this produce "the figures Colin specifically mentions" are in for a very profitable future with ZPHR.
I liked the way he answered the different routes the company might take and a very genuine (imo) reminder of consideration of shareholders.
Ignore the share price now (still a handful of T traders; no harm in that as I have had a few with ZPHR) and soon 3p will look ridiculously cheap when you also consider we have been at 7p+ without being anywhere near where we are now.
Hold or Buy. |
Interesting podcast with Colin |
Patience will be rewarded. Just another month to go. |
and then
A "hydrocarbon reservoir zone with high permeability" refers to a geological formation containing oil or gas where the rock has a high capacity to allow fluids to flow through it easily, meaning hydrocarbons can be extracted from the reservoir at a faster rate due to the large pore spaces and well-connected pathways within the rock matrix; essentially, a zone where oil and gas can readily move through the rock with minimal resistance.
🤞🤞🤞 nearly there. Just hope no RNS on 1st April. |
Note from the latest RNS - quote:
"Encouragingly, elevated mud gas levels with notable peaks were evident throughout the drilling of the Cane Creek reservoir."
Quick Google search states:
"Elevated mud gas levels with notable peaks" refers to a situation in drilling operations where the amount of gas detected in the drilling mud significantly increases at certain points, showing sharp spikes on a mud logging graph, indicating a potential hydrocarbon reservoir zone with high permeability or porosity where gas is readily escaping into the mud stream."
I like the bit - "indicating a potential hydrocarbon reservoir zone with high permeability...." |
At least they are keeping us informed of progress which is more than some companies do. ? |
steady now |
polysale thanks, not sure about the slow bit but progressing as stated in the last announcement. |
Tweet from Zephyr
Zephyr Energy
@ZephyrEnergyPlc
At the State 36-2R well, casing has been run and cemented, and the Nabors rig is in the process of demobilising from site. At that point, the pad will be prepared for the upcoming completion & production testing operations. We will provide further updates as operations progress.
Progress ....slow but sure |
 Superarch. The statement simply refers to concentrations of gas having been recorded in drilling fluids (synonymously refered to as mud) at certain points during the drilling of the horizontal drain through the prospective reservoir section.
It's very common to record gas in the mud, particularly the closer you get to the reservoir. 'Gassy mud', as you put it, could actually happen, where too much gas enters the well bore due to drilling fluid density being too low, which would be a dangerous scenario that could lead to a kick or blowout. There's no such thing as 'muddy gas'.
What was omitted, however, was any reference to signs of oil shows in the cuttings, which is significant but not necessarily definitive of an absence of hydrocarbons - possibly due to a markedly increased drilling mud density through the reservoir, to supress the release of HCs, about which no mention was made. So, good reason for some caution..
To answer your question, then, most of all there is to know, including the rates of flow, will be revealed following testing. |
Yes hadn't spotted that, all 260k 3.1 and 3.11, 3 of each. |
All rollovers. By the look of it, |
Could be, can still sell 100k for 3.18p |
Interesting group of sells going through this afternoon are they options? |
How come they've only made reference to gassy Mud (or was it muddy Gas ??) and definitely haven't mentioned Crude or Oil ??!!!
Have they simply been very honest & transparent and avoided misleading Investors by definitely not specifying that Oil/Crude has been found and that non is flowing ??
BoE when it's a gassy Mud is definitely some form of Energy with some equivalence to Oil but not Oil.
Have they already revealed all there is to know ??? |
Nice 1.15m [assumed] BUY just after close yesterday.
Let’s hope for another at 0805 on Monday and more to follow.
I think we can safely assume a tick-up during March “includingR21; many who may well be T20 traders.
Can enjoy the rugby fest this weekend in the meantime to take our minds off ZPHR. |
Final word from Malcy for the weekend:
So the well has started in good order with the lateral drilled within the Cane Creek reservoir section successfully, no easy task and in a ‘structurally complex play’ with 97% within the section. The elevated levels of mud gas are highly encouraging, and were present across the reservoir with multiple notable peaks – always a good sign.
The Zephyr operations team is now preparing to run casing across the drilled section after which the rig will be demobilised from the site after which the company will mobilise equipment for completion and testing of the reservoir zone.
So we now have 4/6 weeks of waiting whilst the well is tested, after all this time the tomb will soon be opened up to the public and the Paradox Basin will be revealed…
🤞🤞🤞🤞9310;🤞 |
My ISA is offering me 3.25 to sell. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
