Member Info for danawinner

As I understand it, it is easily possible to treat the oil and gas separately.
The gas will be piped off to the liquification plant and won't be taxed.
The oil may go out in tankers and will be taxed.

This is amazing now we can see why Paul was so excited.

We will have to wait for the results but it looks like the gas flow is even bigger than Coho.
And this is the smallest interval.

Paul R. Baay, President and Chief Executive Officer, commented:



"This is the best possible outcome for the initial test results from the Cascadura well, as natural gas and liquids have superior economic value under the Trinidad fiscal regime. Based on the information acquired while drilling, the thick sand we encountered in the well appeared to contain oil with some associated gas. It is now evident that it is likely a liquids rich gas structure. Given this is only the lowermost 162 feet of pay in the well, these initial results are extremely encouraging."

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TXP/14389673.html

Reminds me of Jaws.
This is a monster.

RNS OUT!

I have been watching HUR for some time now, and wondering when, and if, to go in.
It is now down to its last published NAV per share.
Is this the bottom?
Views welcome.

Hi Gamflin, you seem to be pretty clued up for a new poster, have you blotted your copy book under another name?
Regarding the Operator's Licencing, RRE seems to have loads, if you look at OGA and scroll down the lefthand column to Rockrose.
https://itportal.ogauthority.co.uk/information/licence_reports/databycompanyandblock.html
I am not sure if all of these relate to the hub or not, but I think that with the track record of the people in RockRose, if we needed an Operator's Licence, it would be a formality to regain one. I admit I haven't had experience of applying for one, so my opinion is worthless!
What I do know is that we have massive cash flows, circa £500k per day, net, and that we are sitting on a massive pile of cash.
THE SHARE PRICE VIRTUALLY IGNORES THE VALUE OF A NET INCOME STREAM OF £175 MILLION PER ANNUM.
Sorry to be shouty, but it's TRUE.

It grieves me to see that so many people have lost so much money in Sirius. I looked at it when it was rising like a rocket at 17 pence and decided that it would be tricky to fund with such a huge capital requirement.
Sadly, it appears that this turned out to be true.
I sincerely hope that investors manage to salvage as much as possible from this disaster, and manage to recover what they can.
Shares where there are hundreds of posts per day on boards such as this make me nervous - contrast the BB numbers with shares like Shell, where there is an average of one post per month, nobody worries about the future and great security of income/solid share price with a microscopic spread on the buy/sell price, and you can always trade the shares.
I prefer a bit more risk than that and go for shares that have good security of income, together with a good potential upside capital gain. I will not crossramp but my chat history will show the shares that I am a fan of.
Good luck to all #SXX holders, I hope that your future dealings will reward you better.

when we least expect it.
Always the way, it's known as Sod's Law.
Not that it matters, these shares are clearly for holding, not trading.

I'm in 50% on TXP and 50% RRE. RRE is ahead 10% in the 2020 race but I expect TXP to overtake in the next fortnight or so.
I only wish I knew when the news on Cashcowdura is going to land - I wonder whether the rise in TSX is symptomatic of news to come? I appreciate that the TXP ship is not leaky, but locals on Trinidad may be watching what's going on, whether it's tankers of oil leaving the site or just chit chat in the local bars.
Time will tell and I hope that it will be HUGE!

Well it may not be meteoric, but for a company this size, with no news to speak of, it hasn't been a bad week imho.
If we can do that every week, I will be extremely happy.

I know that TXP is not leaky but there may be local evidence such as tankers going to the refinery - who knows?
Let's hope that we get an update soon and that it will be worth waiting for.
Have a good weekend all.
Moving in the right direction.

Moved up briefly to 40 which is 23.5p.

Won't take effect until July, after OGA approval - even then it's irrelevant.

but has no effect, according to RNS

I did a quick check on the OGA website, and it appears that we have loads of Operator licences, so Press speculation on the potential loss of one is irrelevant.
https://itportal.ogauthority.co.uk/information/licence_reports/databycompanyandblock.html

Dusterinmong it is with the OGA see my post 5 down

see below