Member Info for Adon30

What gets me most is the blatant lie in the RNS from 27th Feb as they knew prior to this that it was not true.

"We continue to wait for the approval of the Environmental Impact Assessment ("EIA"), with ALL the relevant reports and information submitted for regulatory review."

They had not submitted ALL the required information as the latest RNS 6th July proves

"Following receipt of a second RAR on June 24, 2022, Touchstone has submitted a partial response"

I still believe that TXP will get this over the line but it is just so frustrating the contempt shown. Why wait 6 days from the deadline and a near 20% SP drop before issuing a RNS and after all the shareholders had found the information anyway. I was a big fan of cutting the management some slack but this has tipped the balance.
They really need to pull there fingers out and shareholders need to put constant pressure on the company to deliver. This cannot continue on a wing and a prayer.
There is so much to gain from this for all involved.

MJ do you have the discord link? I tried the one that was on here from the other week and it may have expired as couldn't access it.

To me, saying that the NEDs have contributed a lot in a short time suggests that they have something cooking nicely. Wait for the RNS to confirm though....

Hi PT, Haven't looked for a while and until they prepare the pad it won't be very easy to spot. Would have to refresh myself as to where it will be. I may just message Lonny asking for them to save time :)

This 'expected' EIA information has been due to come at an awful time. Canada day on Friday and July 4th Independence day (US) yesterday. Not great to release market news with two holidays going on. However the fact it has not been released today has lead to further speculation (that may be true). Maybe at the moment they do not know how much longer is going to be needed to get the EIA over the line. The 'meeting' may determine that and outline things for TXP.

If however it is still yet another Month and Coho not until August they need to get Royston back on long term test. It could be several months before they even have a rig drilling again at Royston and the extra production and cash will help them along if there are even more delays.

I was only thinking yesterday about the NEDs appointments and what influence they will be having on the negotiations.
A lot of people mention PG an Lonny, and rightly so, but these guys were bought in for a reason. Good to see Lonny recognising their contributions in such a short period.

According to another poster on the other forum who had been in contact with PB. Coho was supposed to be connected last week and there was something that happened that prevented it. (Shell? Contractors not available? Weather? Anybodies guess…)
Either way management were not happy.
Last week it looked like they were doing final preparations and the frustration is there for everyone. Lightning storms in T&T at present but hopefully that doesn’t stop them with this final hurdle early this week.

Also noticed that the EIA page has been updated at last to "Delay Letter 24-May-22"

I've been offline for a few days and just caught up with the latest satellite picture from a few days ago. There is a possibility that they were flaring.... (although that could be something else.)
Not sure exactly why they would flare when there is a pipe in the ground but maybe it is some part of the preparation?? Bringing rates up or checking systems?
Someone with more knowledge may know....

Think they used the drone footage from the May 16th tweet
https://twitter.com/TouchstoneExp/status/1526241552934154240?s=20&t=LVQJAYY0joqwGfGw_j3iDQ
Pipe was still lay along the roadway in the video also. So not recent footage.

No news still on whether they have the work over rig in Tunisia yet. That would bring an immediate upturn in production and revenue.
But at least drilling in Romania should have a positive effect. It was good that they bought all the long lead items early as these things are now very very long lead items and are impacting other companies drill plans.

Only into week 8 of the 14 week drill time so plenty of time still.
Rig is still in situ so will leave them to get on with it. Could possibly hear results in the next couple of weeks but no bother if it takes another 6.

From what I remember the drill start window for Copernicus was somewhere between June and September so that could start soon also.

https://www.energy.gov.tt/for-investors/2022-onshore-competitive-bid-round/

You posted the map!
https://ugspub.nr.utah.gov/publications/public_information/PI-22.pdf

The one marked QST is the Questar pipeline. It is an interstate pipeline. Paradox is south of Green River.
The North West pipeline is the main one in the area and has a link to the gas facility. However Dominion are planning to put a pipe to Green River as they want the gas.

How many times.
Questar pipeline is no where near the paradox area!

Dominion bought the PE&M pipeline.

They are not the same thing

CH said they would hopefully be finalising the crypto contracts in a month. Not within the month of May. So 4-5 weeks from when it was mentioned and contracts can be lengthy negotiations so I wouldn't want either party rushing it.
So it could be announced anytime in the next few weeks and no need to get ansty if it is not before the end of May

Yes. That is likely the pipeline Dominion have purchased and replacing to the processing plant. It connects to the Northwest pipeline (Williams interstate).
The processing plant can be seen on google satellite.
Think the Questar pipeline sale is a red herring. Nothing to do with the paradox area. But not unusual for companies to sell pipeline infrastructure.

The pipeline map you have linked to only shows the Mapco & Northwest pipeline as being in the vicinity of the white sands lease. Although not sure how old that plan is.
The QST pipelines are further north.
There are older (local) pipelines in the area and these are being assessed. But will most probably need to be replaced.

The pipeline being built is brand new so doubt they would have sold it last year.

Eyeore has posted a link to coho satellite image on the other site. One of the best images we’ve had of the area for months. These are my comments on the image comparison below (also on other site)

Looks to me like they are working around 50m from the shell facility. The white dot may possibly be the digger. But also if you compare the image with the 13th you can see a large pile of dirt on the one side of the road that wasn’t there 5 days ago. Also where there was vegetation around the shell facility it is now mud so recent activity there.

Nearly finished??? ………fingers crossed……