Member Info for Argylerich

Cash has gone from £15m in Jan 21 to £14m now, in other words there are trading cycles too, to take into account.

Considering over that time they have opened 7 new stores (300k inv each plus stock?), a Euro distribution centre (plus at least £2m stock for it) and temporarily increased UK stock to overcome supply chain issues, I think the cash management here has been much, much better than usual. You see far more Co's splurging when they have spare dosh.

Re Margins, the figures are all there to see and the growth of their own brand seems to be giving them that ability to compete.

Things certainly look to be stablising nicely.

It's important to remember that despite the recent negative sentiment, the Covid times have actually accelerated this Co's developemt hugely.

Euro break-even forecast @ £16m by 2026, a big ask/drag/investment. Re-emerging growth in target countries where new facilities have solved post brexit issues will be key. Likely accelerated by small single digit £m bricks and mortar aquisitions at some point in the next couple of years.

I watched the last couple of years of Proactive vids last week and have to say the CFO Crowe impresses despite him looking like a figety teen when not speaking! I'd love to see him get some skin in the game.

RE FWD - Stores flat but adding 3-4 a yr at £1m turnover each. Online returned to growth H2 and £14m more than enough to see plans to fruition with a surplus.

My sentiment positive at these prices.

Place your bets...

Last guidance from the Board:

The Board is confident that revenue and pre-IFRS 16 EBITDA for the year ending 31 January 2023 will be not less than £73.8m and £2.2m respectively

Along with approx £14m cash guidance.

Seekin, you're commenting on technicalities that you have no working experience to compare with.

If you have even the slightest suspician that a company is lying to you, then you should move on immediately, and yet you stay, trying to 'prove' that they.re lying or at minimum trying to undermine standardised reporting proceddures.

The mind boggles.

"Testing operations at the State 16-2 LN-CC well were interrupted for a significant period in December and January due to weather. The well is back online and testing has once again resumed."

Full note: https://wp-zephyr-energy-2020.s3.eu-west-2.amazonaws.com/media/2023/02/Auctus-15.02.23.pdf

Lol Chesh!

LOL grumpypants

B'jesus Darien! You've got out of the wrong side of bed this morning. No flowers from the missus?

It seems that they're rightly being more cautious with timescales and we even sqeezed a 'line' about 16-2.

Williston update should be this week too, judging on normal timescales.

So Seekinvalue claimed:

"Further to that I posted the current rate of production as reported for February 23. And the production is not materially different in my opinion and certainly isn’t prolific."

but what he meant was:

I posted the data for the 12 days testing that was done in December ...
(note it does look as though the "report period" is actually for the month starting that date, looking back to the 2021 testing dates points to this.

So what can we read from this data? Sod all really as we have no idea about contraint rates, time flowing etc etc It needs fuller context to be added.
One thing that can be gleaned is that the water return rates have massively dropped off as they said they would.

Now, should this info be in a public sphere prior to an RNS? Probably not, especially considering the probable price volatility resulting.

Lol Seekin so obviously you didn't keep a copy and now it's been removed.....

Sorry Setanta, that's obviously @ Seekin

Still no link to the well log - you've been asked multiple times and never provided it.

The longer this goes on, the more it starts to look like a telegram tree shake and your credibility suffers.

Seekin, it may actually help if you post the link to reference the current well log data

Seekin, those logs are from before the production test commenced?

Nice thanks Duffs, yes Gunnison Valley Unit , I recall it now. I guess the 3D didn't lend itself to following them up.

Great find Duffs.

Anyone recall GVU 29 - 1 or GVU 22-1? Two Rose wells with approved permits that I don't remember being mentioned directly before??

Adon, another couple of nice finds again thanks. And yes you were the first to find the 16-2 pipeline application which will link into the 6" gathering lines purchased by #ZPHR as per the presentation map (Nov 22).
As for the current owner of the 'Paradox' or 'Greentown pipeline' as it seems to be called, what we can say is that whoever it is, they are pushing forward with their investment.

The link below is regarding the shutting down of that pipeline and the 6" gathering lines when they were being run by Pacific.

It's a whole load of technical argument about which regulations should be applied and we know that the State won. What is fascinating for us lay persons is the explanation about how the stages of gas processing progress through the different facilities.

https://www.phmsa.dot.gov/regulations/title49/interp/PI-18-0015

Page 20/33 November 22 #ZPHR presentation, the map shows us the gas connections including the new proposed 'Dominion' pipe to Green River eminating from end of the 16" 'Paradox pipeline"/Powerline Rd plant (is this now called 'Greentown Dew Point Control Plant'?)
It also shows our recently purchased 6" gas gathering infrastructure leading into the Powerline Rd which the 16-2 connection pipeline is going to connect to:
https://eplanning.blm.gov/eplanning-ui/project/2022212/510

OK now I have found a clearer reference which indicates that all of the local gas infrastructure is now in Williams' ownership.

Link below is an application for the new Green River 6" connection started by Dominion and filed on 2nd Feb. It shows the applicant as being "Questar Gas Company dba Dominion Energy".

https://eplanning.blm.gov/eplanning-ui/project/2023341/510

As earlier in the thread, Questar was sold to Southwest, then sold on to Williams.