TXP Gas15 Aug 2022 12:20
By 2023, the Touchstone Exploration (Trinidad) Ltd Cascadura Field project is expected to produce up to 200 million standard cubic feet per day (mmscf/d) of natural gas with the aid of its new separators.
On Friday, the company revealed the equipment, which was housed at its Forest Reserve Road, Fyzabad office. The large CAS-1 ST1 and CAS DEEP-1 horizontal separators and the vertical flash separator were shipped from Stettler Alberta, Canada, while the vapour recovery units were shipped from Midland Texas, USA.
Touchstone said, when Cascadura starts production, it was expected to start at 60 mmscf/d and then ramped up to 90 mmscf/d by end of 2022 from the two existing wells.
Exploration manager Xavier Moonan said, “The Cascadura field, from getting all that data from these two wells, we were able to establish that there's potentially 700 billion cubic feet in place. That's impressive in onshore gas fields. That makes it actually the largest onshore gas field ever discovered in Trinidad.
“Natural gas will go to Point Lisas but there are also liquids (condensate) which will go via a pipeline, that we will construct southward and that's where we will be able to add oil production to the country as well.”
So based on fag packet Coho pipeline is 20mcf per day, bring both pipelines to 220mcf per day which equates to 36,000 boe per day.
From Directors talk PB after 20,000 boe per day at 30$ profit per barrell equates to 600,000$ per day X 365 days = $ 219 million in profit, comparable to a 200 million market cap, must be the wall of cash he is talking about and he wants to fill the pipeline onto, am l wrong or right.