Zephyr Energy Share Discussion Threads

[jackthecat1] 18/12/2024 07:40

hey have the option to buy back the 50% funder split at a DISCOUNT if the funder wants to sell their share post drill

There is no issuance of Zephyr's equity or any form of debt as part of the funding, and the wellbore investor will not receive any further interest or option in the Paradox project. In addition, Zephyr has retained a right of first refusal to repurchase the working interest at a discount to fair market value in the event that the wellbore investor chooses to sell its 50% non-operated working-interest in the future.

[parsons4] 18/12/2024 07:31

Yes at last a positive update, I think the delay was probably due to the investor wanting a higher percentage than the company wanted to give. So they agreed on 50% including a further $500,000 for contingencies !!! This now enables the company to start planning other existing wells and new wells on the Paradox. Providing the 36R well goes ok then the first 6 months of the new year should see the shares racing ahead. GLA

[jackthecat1] 18/12/2024 07:29

Well done CH & the Team, not easy securing that funding at any time, let alone the week before Xmas. Early Jan to start the lateral too. Excellent stuff.

Big rise to come from here on in

[jackthecat1] 18/12/2024 07:27

50% of a gusher is better than 100% of nothing. This sets a solid footing for ZPHR on the paradox & can only lead to further industry interest / farm in's etc. Bear in mind, the investor MUST be super confident of success, OR they just lost $7.5m

I can nice rise's over the next few days / weeks / months.

[thinking] 18/12/2024 07:24

Great update with a confident investor financing the next phase of the project, this should be an exciting low risk phase for shareholders with hopefully a very positive and proven outcome.

[saucepan] 18/12/2024 07:09

Was giving away 50% of the well in the ballpark of what people were expecting? Personally, I am rather surprised it was that much, and I wonder if ZPHR was had over a barrel, so to speak.

(No position)

[assagai] 16/12/2024 16:10

Just idly wanted to see if you'd bite.
Get ready with the scoreboard.
2 -0 as it stands.....

[loglorry1] 16/12/2024 15:08

It's nailed on this week unless its not. Why do you care anyway as you think the funding is 100% anyway?

[assagai] 16/12/2024 12:37

Common sense tells us that the news won't be next week, so I guess it must be this week.

[stuart little] 12/12/2024 20:05

A few more of those (late reported) £65k buys would help!!

[hoper1] 12/12/2024 16:01

Hope you're right

[assagai] 12/12/2024 15:32

Well maybe it's because we're running out of December.....i.e. the month the 7m funding will be signed off...

[hoper1] 12/12/2024 15:27

The question is why?

[cheeky13] 12/12/2024 14:48

SHOCK RESULT.ZEPHYR UP. Is this the end of months of misery.

[oilbuy] 11/12/2024 16:51

Fulcrum Metals is one to watch

[thatsmart1] 11/12/2024 13:50

Malcy's Bucket List 2024 has a huge hole in it! Love the last sentence - 'big returner', my _____ fill in the blank.

Zephyr Energy
Zephyr are returning to their flagship project at the Paradox Basin where the previous attempt to drill ended in tears after an encounter with too much in the way of hydrocarbons. The drilling rig is preparing to drill the State 36-R well and which is mostly funded by the insurance on the last drill. With immense knowledge of the rocks one hopes that this barn burner will be tamed this time and expect the redrill to deliver the goods. Zephyr have used the canny purchase of the Williston Basin assets to provide cash flow and also have an interest in the Salt Wash Helium project which whilst not considered to be top of the list of assets are considered to have ‘significant and unrecognised potential’. All in all this should be a big returner from one of the best teams in the sector.

[saucepan] 10/12/2024 16:22

Looking at the chart in the top right of the header is a salutory reminder of what an opportunity cost there is hanging onto stocks in a downtrend, when there is so much more money to be made in stocks with positive momentum.

I have long been fascinated by the ZPHR story and have traded in and out over the past few years. But, I think I have finally kicked the habit and am trying to stick to stocks with upward sloping moving averages. Perhaps ZPHR will be such a stock one day. If so, there is always the chance to buy back in.

[loglorry1] 10/12/2024 07:34

"stated as an unequivocal fact in the last RNS."

What utter tosh as usual from you Assagai. What they actually wrote is

"We fully anticipate signing the binding documentation ... later this month"

Which has plenty of wiggle room to slip.

[fenners66] 09/12/2024 22:12

But these small companies never spill "blood on the carpet" - I know examples where it does not matter how much money they lose or deadlines missed , nothing changes...

[assagai] 09/12/2024 17:37

Well, the detail of the LOI will be known this month and that has been stated as an unequivocal fact in the last RNS. Now if that doesn't happen....well you will have a perfect right to demand blood on the carpet.

[2 solaris] 09/12/2024 09:05

I find it hard to believe anything they say any more, take everything with a pinch of salt jackthcat1 until it is fact. Not so long ago I would never have thought they would let the share price fall below 4p let alone 3p. This is one of the worst shares of 2024 and yet the hyped it up with their false promises of actually selling oil and producing some income. The speed of the CPR was just another empty promise, a sound byte to fill in a blank.
'All words and little action'

[jackthecat1] 06/12/2024 12:20

I know we are waiting for various things to kick off. But from memory on this board, we haven't mentioned the timings for the updated CPR after the last drill??. Surely that in itself would aid the share price short term. How long can it take for that to be sorted out??.

From the 6th September RNS : With the new data generated from the second test and that from the Company's other Paradox wells, Zephyr will move as quickly as possible to produce an updated Competent Persons Report.

"Quickly as Possible"............ 3 months and counting Colin......

[thinking] 04/12/2024 10:20

The 2x200,000 sells are 2.64 & 2.65 were buys through HL they are now asking 2.84p that’s my final top up.

[cheeky13] 04/12/2024 09:44

The worst is over.