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annoying typos fixed. thick thumbs.
Market cap is now 190 million. Cascadura Field is worth a billion dollars (200 mmcf/day of natural gas and 6,000 bpd of condensate - show me how to get a lower valuation). Surely they will be able to exploit Cascadura Field eventually. Then there is the rest.
I bought a little this morning at $US 0.69. As someone said, the gas is still there. If I believe in the company enough to hold all the shares that that I have accumulated, then I felt adding a little - not a top up, just a symbolic 1k shares - seemed necessary at this price
Market cap is now 190 million. Cascadura Field is worth a billion dollars (200 mmcf/day of natural gas and 6,000 bpd of light condensate - show show to get a lower valuation). Surely they will be a little le to exploit that eventually. Then there is the rest.
I bought a little this morning at $US 0.69. As someone said, the gas is still there.If I believe i the company to hold all the shares hat that I have accumulated, then I felt adding a little - not a top up, just a symbolic 1k shares - seemed necessary at this price
With you guys on this one. Best endeavours, sensible standards, even if the toughest in the world ‘but what happens if the pipeline gets hit by an asteroid’.
You get the gist!
Ostensible scenarios to magnify departmental and individual self importance seems to be a cultural issue in this institutionalised bureaucracy!
Yep like I said TXP haven’t helped. Naively trusting but I think it’s all recoverable as lessons will be learnt.
The press article will really help.
Let’s hope the prevaricators run for cover!
Usual caveats
Trek
Largely agree MJ. The consultants they hired should have been able to help with the technical data. No one can help with the unanswerable questions. What are all the things that might happen and what are all the possible actions you might take if one of them did happen. Seems like biggest risk to environment is sabotage with deliberate attacks on facilities and pipelines. Remediation is prevention by having stable society with good governance and respect for rule of law. We are having problems with that here (US) as well. And the policies and procedures for isolating leaks and doing the clean up are the same for ALL pipelines. The designs of all the equipment have to be optimal. Just think of the care they took on constructing the separators - getting them built by world class fabricator in a world class O and G country to make sure they are state of the art.
It’s really not that much work at all to hook up the Cascadura well-site facilities Scott. Simple concrete footings, all the units are pre-fabricated, just have to put the pipes in between.
Cut down some trees, build a road …… c’mon.
Super Super Simple, like construction 101.
Writing the EIA and answering all the questions from the environmental nerds that have no grounding in reality is much much much harder. They will make stuff up that needs to be answered, while they themselves don’t know the answer because it’s so unlikely to ever happen, or so hard to model what would happen, they don’t have a f’ing clue.
Just look at the global mess we are in now because of these environmental fantasies that are absolutely impossible to achieve. Not enough resources to do I, even if they did allow the mining to happen (which they won’t). Oil is gonna be dead in a few years ….. they’re all smoking crack.
They’re asking a bunch of stupid questions about the Cascadura pipeline, that is gonna hook up to a much BIGGER, and much LONGER pipeline that is running through exactly the same forest and environment as the little one we need to build. How in the world did they manage to build the big one? It runs across the whole f’’ing COUNTRY, from corner to corner.
If you look at a map, there are f’ing pipelines all over the country. There are probably more pipelines per square km in Trinidad than any other place in the world!
Son of a bit ch these people are ******ed.
They are the construction arm of TXP. Primera was originally a smaller oil company acquired by Touchstone in 2012 and they held WD-4 block at that time. Located in Fyzabad where headquarters are. Employees are from Trinidad and do construction aspects of TXP operations. They also had outside consultants to help with the massive Cascadura EIA submission.
Primera is constructing the Coho pipeline. (NGC will do main pipeline to the Cascadura site). Primera builds all surface facilities. They will have a lot of work in the Cascadura field including installing the new separators built in Canada and all the connecting lines and storage tanks and also building the liwlquids pipeline to the south. I am not saying Primera is at fault in any of this but they are right in the center of all of it. Might be worthwhile how they are incorporated into the whole TXP operation. I think they operate more like a department than a wholly owned subsidiary but I am not sure.