Zephyr Energy Share Discussion Threads

[assagai] 18/10/2024 07:51

Oh for pity sake Loglorry. Can't you get it though your thick head WHO is correcting your misinformation???????

[loglorry1] 18/10/2024 07:47

A Youtube video is not an official channel the RNS doesn't state that the proposal for the partner is to pay $7m. If you want to invest based on YouTube videos then you are a fool. His comment at 4:15 was

"And they are going to be funding all $7 million for the lateral"

Clearly contradicts the RNS as it is a statement that they will fund and they are currently only in a non-binding LoI. He shouldn't even be saying this publicly. Also he clearly states "... for the lateral". The RNS says the c$7m is for more than the lateral so even that statement is at best sloppy.

[fenners66] 18/10/2024 00:15

loglorry1 - really should have given molatovkid first dabs on answering my question....
now they have a cheat sheet to work from...

[hez1] 17/10/2024 22:26

The extended lateral, workover and everything else is going to cost circa $7m which is in the RNS (dated 10th October).

The video on Proactive Investor today with CEO Colin Harrington includes him saying the non operator investor is funding $7m for the lateral.

Full binding funding RNS will be out in the coming weeks and will confirm what CEO and already released RNS states.

[loglorry1] 17/10/2024 22:09

" A non-binding letter of intent (the "LOI") has been signed with a U.S.-based industry investor to fund 100% of the estimated cost of the extended lateral"

"The proposed length of the extended lateral is expected to be 5,500 feet and the cost of the operation is expected to be circa US$7 million (including the workover preparations on the existing well, the drilling of the lateral extension, acidisation and the well production test)."

Bulls conclusion

"The partner is paying $7m for the workover, lateral drill, acidization and testing"

And you think I'm reading it wrong! Your conclusion is not supported by the facts stated I'm afraid and anyone with half a brain cell can see that.

[assagai] 17/10/2024 22:02

hez1. Thank you for taking the trouble to open an account in order to react immediately to the nonsense spouted by Loglorry1 following the proactive interview. What you have explained totally clarifies the funding and I'm very comfortable that you are well placed to explain.
PS you are of course correct that he posts in order to try and inflict damage on Zephyr Energy

[loglorry1] 17/10/2024 21:51

Yes the RNS says the expected cost includes workover, acidization and production test but where does it say the partner is paying for all these items? It only says they are paying for the lateral and that was confirmed in the video today.

Suppose I send you to the supermarket to buy eggs, milk and flour which I expect to cost $7 and you agree to pay for the flour and in return expect up to 50% of the cake and you get to eat it first once baked and if it turns out edible.

That is entirely consistent with what they wrote.


On the other point:
"with no issue of Zephyr's equity or any further exposure into the Paradox project."
This just means no further exposure to other parts of the Paradox as in future explo or existing wells, other than 36-2R. It just means the extent to which the partner has a revenue share is only on this wellbore not prior or subsequent wells. That's totally clear. It doesn't mean they are paying for anything other than the drilling of the lateral.

[jaknife] 17/10/2024 21:34

Thank you Mark, I hope that you enjoy the rest of your paternity leave!

[hez1] 17/10/2024 21:26

Loglorry, you really do not properly read an RNS do you! You are spouting absolute rubbish that is misleading any potential investors who visit this site for information. It’s frustrating the delays that have occurred but I really do not understand your vendetta against Zephyr. It is an exciting phase for the company and lots of potential upside next year.

IAW RNS on 10th October the $7m covers lateral drill and everything else. PSB info from said RNS!

The proposed length of the extended lateral is expected to be 5,500 feet and the cost of the operation is expected to be circa US$7 million (including the workover preparations on the existing well, the drilling of the lateral extension, acidisation and the well production test).

Maybe in the future take the time to gather correct information before posting. Just advice.

[fenners66] 17/10/2024 19:39

molatovkid - can you spell out just what exactly you think :-

"with no issue of Zephyr's equity or any further exposure into the Paradox project."

in the context of

"Zephyr would retain operatorship and receive a majority of the economic benefits from the well. In addition, the investor would not receive any further interest or option in the Paradox project other than the individual wellbore interest"

as it seems to me you have understood differently - but you are not spelling out what you have understood....

[ride daice] 17/10/2024 17:35

Checklist...

* Oversized shoes ✓
* Plastic flower that squirts water ✓
* Car with wheels that fall off ✓

[molatovkid] 17/10/2024 17:15

They said in the 10/10/24 RNS announcing the lateral and financing that there was no further Paradox exposure. Make of this, what you will...

'A non-binding letter of intent (the "LOI") has been signed with a U.S.-based industry investor to fund 100% of the estimated cost of the extended lateral, on commercially attractive terms to all parties, with no issue of Zephyr's equity or any further exposure into the Paradox project.'

Email CH and find out once and for all.

[loglorry1] 17/10/2024 16:15

He says clear as day that the partner is spending up to $7m on the lateral. He doesn't say the partner is spending anything on the acid wash, work over or testing.

Are you being thick or something? Do you think he would omit to say they are paying for everything if they were?

He explicityly says they are funding the lateral drill. This means they are not paying for the other parts! If they were he'd say so.

[molatovkid] 17/10/2024 13:32

Log, not only do you not read the RNS properly. I think you hear what you want to hear in the videos ffs!!

'Very clear the funding is just for the lateral and only the wellbore and doesn't cover the workover, acidization, testing part of it. I think there will be some spend coming from ZPHR.'

>>>> There was no split of who is paying for what, so your 'very clear' statement is wholly incorrect.

'Investor probably spending (up to $7m) for the lateral and getting call on first $7m+ of resulting revenue before ZPHR get any then some sort of revenue split thereafter with interest payable on the 7m until repaid.'

>>>> Again , no detail was provided. Just guesswork on your part. You forgot to mention we've saved $150k on the re-financing !

[molatovkid] 17/10/2024 13:19

Video here:

[loglorry1] 17/10/2024 10:57

Of course, its the same old game over and over. The videos are just mug punter adverts for the stock.

Interviewer: So it seems you are really awesome?
CH: Yes we are.
Interviewer: So the future looks amazing for shareholders?
CH: Yes everything is wonderful.
Interviewer: thanks for paying us.
CH: No worries - the shareholders pay - they pay me a lot more ;-)


Welcome to the sell side.

[fenners66] 17/10/2024 10:35

loglorry1 - "and make sure you ask the right questions."


I have had many attempts at getting the Tomco board to ask the right questions.
Before one AGM where they said some were attending the bb asked for questions they
should put forwards.
I think they ended up asking things like "do you think TOM has a bright future?" to which
the answer would have been "yes"
So they could all go home with a warm glow.

I put forward some pertinent hard to answer questions - they did not use them.
Now the share price sits at an all time low and they have no employees,no business and huge accumulated
losses...

The convinced bulls don't even want to ask the hard questions. They bury their heads and hope...

[loglorry1] 17/10/2024 09:04

New video out.

Very clear the funding is just for the lateral and only the wellbore and doesn't cover the workover, acidization, testing part of it. I think there will be some spend coming from ZPHR.

Investor probably spending (up to $7m) for the lateral and getting call on first $7m+ of resulting revenue before ZPHR get any then some sort of revenue split thereafter with interest payable on the 7m until repaid.

[loglorry1] 17/10/2024 08:14

GBP15K of stock traded. Pathetic! I guess the bulls huff and puff a lot about it being stupendous value but none of them want to buy any. Probably net sellers.

[loglorry1] 16/10/2024 20:44

Nothing I write her can make the wells stop flowing if they are going to flow! It won't affect the share price one bit. I just don't want to see Colin make a fool of you and make sure you ask the right questions.

Perhaps you should demand to know how many bbls of condensate were produced in the 36-2R test? Surely not asking too much is it?

Just tell him you want to know to silence the naysayers.

[molatovkid] 16/10/2024 20:01

Speaks the man actively trying to reduce our hard earned.....

[loglorry1] 16/10/2024 18:00

We are, or maybe not, but regardless, what has that got to do with ZPHR?

You lot need to spend more time looking at what's going on with your hard earned and less time trying to discredit bears.

[assagai] 16/10/2024 17:20

No, they're not the same person.

[molatovkid] 16/10/2024 15:07

Hi Jak....errrr....sorry Log!

[ride daice] 16/10/2024 11:06

Honk Honk !!!