Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In general many bb's and other social media platforms are becoming really nasty places.Some people need to get out more.
Let's hope this one doesn't get affected as there are some good people and discussion on here.
I do read the CERP board from time to time and does seem quite toxic at times.
At least any flooding may well help CERP's water flooding project!!
Seriously, no doubt we are coming in to T&T rainy season and I am sure the pads are raised and no damaged is done to the wells. Might effect oil collections and new drills though.
I agree Tidd that we will be around your bopd figures stated. I have based on my own projections through the year that each new well will bring in nett 50-60 bopd.
Now that we would have competed our work commitments we can pretty much drill in 2019 where we want and thus maximise the returns per well. We could then hope to obtain a nett increase of 75-90 bopd. 15 wells at those figures could see us breaching 3000 bopd by end 2019 quite easily.
If we do then a SP in excess of 60p by end 2019 could be achieved without throwing any Ortoire successes through the year in to the mix.
Still believe we should be nearer 30p now considering the valuations of some of the rubbish on Aim.
Hopefully the recent stock market wobbles may see PI's putting their money in more established and growing small caps.
Great update from the company today and again production rising and 2000 bopd hit. More wells to be drilled this year and Ortoire updates get better and better with every RNS and presentation that comes out, will take us nicely into 2019.
I do get the impression with the Petrotrin business that the T&T gov. will give every assistance get the drill bits moving in Ortoire.
I still believe that TXP is undervalued not only against peers in T&T but small oilers generally on aim and it is still a little under the radar.
I follow a lot of shares on twitter and it is good to see Tidd, Kums as well as myself and others regularly banging the TXP drum. However even some twitter posters that produce various oil company lists and stats don't even have TXP in them. However this is starting to change and TXP is starting to get noticed so can only be good going forward.
One last note, Malcy's blog failed again to mention TXP, no doubt as it is not on his bucket list and probably he is not paid by TXP to lick it's arse. All IMO of course.
A good few months to come I feel and look forward to the next updates. GLA
I see that Chinese oil consumption grew over 5% during August. One reason is due to increase in air conditioning in cars being used because of higher temperatures, which therefore uses more fuel. I suppose that is one benefit to us due to global warming.
PTLP at the beginning of the year we were getting one every two months. As the last one was 9th August we could get one next week. Especially if we are now producing 2000 bopd.
I have pretty much lost track of the well situation. I think the 8th spudded back at end August and I believe 6 & 7 should be in full production by now. Hopefully 9 and 10 may have been spudded by now but news has been pretty thin including on the social media platforms.
What I like about RRE is that they have the opportunity to make a fair amount of cash while Oil prices are quite high and invest that into other products. So even if their current production runs out by 2025 they will hopefully be involved in some juicy projects to replace it.
Looks to me they have done some shrewd business over the past year and look forward to being a shareholder for the foreseeable future.
Not sure it is the same guy but has he purchased shares in the right company.
https://ftalphaville.ft.com/2017/08/04/2192226/come-in-david-newlands-your-time-at-touchstone-is-up/
Made me laugh anyway.
Russians can’t produce any more oil to cover Iran loses, Saudi’s will limit supply as they want higher prices, Trump wants lower oil prices but sanctioning Iran. Hope no one blinks first and we could see $100 by end of the year.