Quote RNA “both in Trinidad and globally”. Which if course still leaves Touchstone. The RNA also emphases the importance of water flood in Trinity, which is lower cost than water flood.
Anterra has a very low NPV for its reserves due to the type of reserves which are not economical until the oil price is much higher. It does however undo LO’s financial situation. Interesting to see which way this goes. There is also water flood potential.
The USA and Canada are signalled out, but SOX will prevent then buying in the USA as they will be required to disclose the interest in SIBO and Abrahams at an individual level.
TRIN shareholders should see a decent recovery as profits are reinvested rather than used to repay debt, which must be approach $28.2M in RRL
Come on Oma, Keep Up. You should listen to other people instead of only listening to yourself. The BOD made it clear that they didn't want any further T&T assets as the mature nature of the islands oil fields caused pressure problems when it came to well production. OPEC have also asked T&T to cut production. Why on earth would Range want TRIN under these circumstances. The geology of the Anterra fields ain't that hot either. They say they have hundreds of millions of reserves but struggle in some fields to produce under 40 bopd. Why then go for Anterra?
Minimal Debt, Retain Full Control, No "strategic" partner to maintain, better fields, water flood potential, diverse onshore and offshore, oil filed expertise, AIM only listing, a real premium to the share price...what a miss
I have kind of resigned myself to the fact, more so since the AGM QnA and other feedback, that the drills are nothing more than a sideshow.
I used to know off of the top of my head the full scope of drills, targets etc from the past (over the 6 ish years Ive been around)
All of the name changing etc lead me to let my research slip from the intimate knowledge I used to have to more of a view that the waterflood is the main show here and that appears likely to move the SP (excluding purchases...).
What happened to all the colourful presentations under Landau... oh wait... Ill stop before I open a can of worms.
Cheers for the help. On mobile a lot of late, makes reading and processing RNS announcements. Somewhat hard work.
MD250 and MD251 - one delivered 50bopd and another delivered gas Then we had LD-1 (or QUN 159 ) - spud 8th August 2016 , which also delivered 50bopd QUN 158R (renamed QUN 160 spud 11th Nov 2016 - hit lower TD of 2140 as per RNS on 5th Dec - testing underway GY 218 SE well (renamed GY 681 well) suppded 1 dec 2016 - td due in 3 weeks.
So should completed 5 wells by end of year , but disappointingly , we will almost certainly not hit the 500bopd the BOD was targettting and they themselves moved this down to 200bopd after the MD250/251 results
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