Member Info for Argylerich

Interesting article:

https://www.barrons.com/articles/oil-markets-2023-creative-destruction-51672260688

The attempted shortcut solution trying to copy Kirkwood (likely because the infrastructure owners thought they had them over a barrel and were asking too much) was always a temporary, also worded deeper in the RNS.

And the timing sce2aux?

"RNS 1 year ago.
"Zephyr is now proceeding with plans to equip the well and facilitate the export and/or sale of hydrocarbons.""

From the same RNS if you read a bit beyond the headlines:

"Gas rates are substantially higher than expected, with modelling suggesting the well is capable of production plateau rates of 10 million square cubic feet of gas per day and 500 boepd of liquids."

It seems that you are admitting that you only take in the exciting part of an RNS rather than the gritty bits.

Sce2aux if you're that well read in the company, then you should be well aware of the answer to your moans.

GAS.

Much more than expected, signed up not to flare, can't truck out, infrastructure needed, takes longer.

Setanta, we are dependent on 3 things:
1) The Dominion refurbishment (16" main pipe)
2) The new Zephyr connection being built which Adon found the application for.
3) The Zephyr 6" gathering pipe which they recently purchased which connects 1 & 2 being refurbed if needed.
Since the gas was found at 16-2 Zephyr have repeatedly stated 2023 for gas sales. The most recent reference now states H2.

Adon my guess is that he's simply skipped the whole idea of the webinar now as so much is already out there. It'll be the site visit for IIs that he'll be looking to and as much discussed here before, the real target to get the SP moving.

States "currently production testing Paradox Basin State 16-2 well" p6

There was also a site visit postponed which it seems is in the offing again from Malcy's comments.

A few stops being triggered as a result of this rinse and repeat fun and games.
I'll take advantage with my 'trading pot' for a quick (hopefully with 16-2) 160k

As has been pointed out elsewhere, they're busy putting in the structure for both an extended test and full production but the problem is that full production limited by the gas issue.
I think they are being really canny with what they're doing, by calling it an extended test, they can get away with flaring I believe inspite of their ESG status.
Basically they look to be pushing towards full oil production for as long as they can get away with it under the testing status, while the gas is flared.
The bonus value will come when the gas connections are completed and unhindered production can commence. The pipeline application found by Adon and the Dominion refurbishment. This has always been stated as 2023 in RNS's.

Will the sellers of the last few days come to regret?....

Nice find with the map Armada.
It looks like the 'gas plant' and gathering pipes are the ones shown in the May presentation with the "tie-in" looking like the connection at Powerline Rd?

Tweet from Zephyr showing the rig being assembled

https://twitter.com/ZephyrEnergyPlc/status/1593209111768100864

I've been trying to research what's going on with gas export infrastructure for Zephyr which has been pushed up the importance scale since 16-2 had a higher gas level than expected.

There have been several references in RNS's (26.1.2022, 7.6.2022)or presentations (8.2.2022) since the 16-2 test completed, all stating that work for a tie-in would commence H2 2022 for sales in 2023.
Adon found the following application which would appear to be what is being referred to being put into action:
https://eplanning.blm.gov/eplanning-ui/project/2022212/510
This pipe would head North East and the RNS's refer to the pipe it's connecting to as being recently purchased by Dominion, however the application references Pacific Energy & Mining (PEMC). This is likely just an administration anomaly as Zephyr's application is filed under Rose.
The recent separate acquisition of gas infrastructure by Zephyr detailed in the RNS 14.9.2022 refers to 21 miles of pipe from the acreage ending up at the Powerline Rd/Ruby Ranch Rd processing facility.
Although I don't recall any direct reference to PEMC it can only be the pipelines referred to in the following:
https://commerce.utah.gov/2019/04/12/moab-natural-gas-pipeline-shut-down-operator-fined-100k-after-investigation-by-utah-division-of-public-utilities/
Zephyr acknowledge their status in the RNS.
This infrastructure heads out South East and appears to be preparation work ready to receive from the current proving up of the South Western side of the acreage i.e. 36-2 and 36-3.
There are still many questions which should be answered by the future webinar, the biggest being the current timeline for the 16-2 connection/Dominion refurbishment, as this is what will virtually double production at a stroke.

Adon, I'll have to double check later but didn't Dominion buy the Pacific pipeline? Isn't that the only pipe out of paradox?

I know there's the Questar but that's interstate isn't it? And then there's the Dominion project to bring gas to customers at Green River but that's got no relevance to Zephyr has it?

Excellent find Adon, nice one. This will start to give us a tangible timeline until we can release that pent up pressure at 16-2 into $ and a meaningful share price uplift.
The other piece in the jigsaw here will be the refurbishment progress for the Dominion/Pacific pipeline.

The reality is that not huge amounts will change (baring some speculation over the 36 drilling) until:
1) the 36 drills are successful and oil is actually produced (this well has been flagged as oily so the product can be tankered away). Timeline 2 months earliest?
2) 16-2 is connectable to the Dominion pipeline. Timeline???
I've tried wading through the SEC filings for Dominion and can't find anything on the pipeline refurbishment progress. Anyone else find anything as this will be crucial for 16-2?

A dozen 'sells' but no real price drop. Someone is happily pocketing these at leisure.

And that's with Williston payments being made up to 5 months post production.

Very healthy and with $25m income already this year, likely an income forecast update due.