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Thats the best presentation i've seen from them. PB no equivocation, more technical data, comparative fields shown for the new items, etc.
Type in Touchstone on YouTube for today’s presentation and TXP are the first presentation with PB. Great watch to present an exciting 2022. March 14 looks key
happysparrow: Thanks. I have actually read that and I have listened to every presentation on-line that XM has done, back to the presentation at Houston academic conference when he was working at Petrotrin, long before he joined the TXP team
Some geology for you, Scott :-)
https://www.searchanddiscovery.com/documents/2011/20122moonan/ndx_moonan.pdf
Presentation is not up yet. It was real time but the video is always posted very quickly on the Pro-active site and on the Touchstone site. Usually within 24 hours.
It was 120 bopd for each of first two legacy wells. Said they were targeting 80 bopd per well. The third well is ready to perforate.
He didn't say Coho 30-60 days away. He said it would be better if it comes on within 30 days but it would not matter if i was within 60 days. Slightly different, but he stated why it really didn't make any difference to them anyway.
Definitely agree Scott.
Some new updates from the presentation. 2 of the 3 wells have been brought on at 120 bopd. I got the impression he meant 120 bopd each but that might just be wishful thinking. Either way it should be a nice little boost to legacy production and gets them to around 1500-1600 bopd.
Paul also confirmed that they have been selling oil from Royston so I think safe to assume the test is going well.
Also another huge positive - Cascadura timeline is still safe, Eia was already submitted and Paul says Ngc will be ready before Touchstone receives all their new equipment in March. Considering the market price of natural gas, ngc has every incentive to get this online as soon as possible.
Some slightly negative updates
Paul is now saying 350k-400k per day from Coho not 450k as in previous presentations. Also confirmed we are waiting for the paperwork to be approved and are 30-60 days away. Definitely more of a papercut (btw Paul also confirmed he reads these boards so please be respectful).
It is actually fun to listen to, especially for those of us who have a lot of background that we have lived in real time, the highs and the lows. For me since exactly 01/11/2013. I do appreciate the posters on this board.
I love XM and I have really gotten more interested in geology because of him.
I will Scott, always appreciate your input.
mbarnholdt: Paul is saying it is a little scratch, or at the most a paper cut at the worst.
I hope you listen to the presentation. Paul was the best that I have seen him and I have listened to every presentation he has done. He had covid last week and just recovered. Maybe that is why but he was really focused. And XM and the whole team put a lot of work into explaining the geology. My conviction was strong, and it is stronger now. I buy the story. I am going to keep adding TXP under $2.00 as I have stated many times, and as I have steadily continued to do.
No problem Photo.
Thanks for the updates to those who have offered an opinion on the presentation.
Positive reaction in the states, nice jump.
And at the risk of being burned at the stake, sounding like a broken record: the open wound that is Coho?
2022 money machine, development company
10 years in Trinidad, world class team, one of their best assets, enough capital, March 14 reserves report
long term test ongoing, selling oil, will inform engineering report
Hope for July Cascadura sales start, sounds possible. Pipeline will be NGC and should not delay them
New rig doing beautifully, Waiting to start Coora until there is clear path to continuous drilling - Coora, Coora, Royston Deep, Kraken all lined up. (then to cascadura development wells) Will be bringing in additional personnel with right skill sets from Canada - also some other equipment -
Geology slides new and exciting - see XM fingerprints on that.
New January 2022 slide set and whole presentation are awesome. Look at the slides, listen to the presentation once posted.
If you cannot see that, you should absolutely sell and move on. In my opinion.
March 14 will be big day with the independent reserves update.