Member Info for davidblack

1776 was the year of independence from these strange folks and their strange ways so given this thread is about a rubbish processor perhaps let them look after their own rubbish?

Really great news.

So if they find something “Interesting” at depth they can chase this to depth.

Also a nice big drill is just the ticket for going through broken rock areas where “Issues” can arise. Cuts the risk of troubles substantially and suggests that PB is no longer too tight on costs.

Their obligation was 4 wells and seismic. All parties clearly are keener on seeing cashflow from Royston if the gas is there than slightly more academic seismic which can be done at a later date if required.

The big winner here is NGC as they don’t now have to pay for Royston and equally TXP who have just had $4m of expenses taken out and means if they want to equity finance it might happen at £1.75 in six months rather than £1.25 post the Cascadura testing.

NGC swooped $1m of drilling cost on Royston next year for letting TXP reduce its seismic costs. This is a very good deal for all parties.

It also hints that the “Chinese walls” between the government regulators and NGC are rather thin if it suits them! But in a good way in this instance.

California is a medieval kingdom with kings and serfs nothing more.

Most of the world moved on from that ....

Chances are PB has a very firm idea of how much gas there is at Chinook with “Massive” being my take. He obviously is hoping to hit twice on the Cascadura Deep which if it happens will get him two tests. If he only gets the top one commercially he can then announce that test then Chinook before declaring victory and a $25m placing at $2?

Just a guess but I think any placing will happen after all the good news has been assembled.

Drilling it this way also means they hit the licence commitments allowing them to bid for more!

Sardine?

Better still just sell it to institutions and avoid the retail overhang that takes weeks to clear.

For those capable of grasping what this all means as one of the lesser people I would be grateful for your thoughts.

???Within, and buried beneath the Ortoire syncline Touchstone Exploration has identified 24 independent prospective structures, most of which are SW-NE trending Mid Miocene anticlines dissected by NW-SE trending extensional faults

???3 of these structures have since been drilled– the COHO Anticline, the Cascadura Anticline which follows the trend of the prolific Penal Barrackpore field, and the Chinook Anticline immediately to the south

??? Our portfolio of stacked structures are refined and migrated to drill ready status as we learn more with each drill. We are surrounded by prolific oil and gas fields which serve as great analogues for our Mid Miocene turbidite and Late Miocene - Pliocene deltaic plays. And as such, additional structures will likely be illuminated in due course as we calibrate with each drill

??? We will now test deeper thrust sheets of Mid Miocene Herrera sands at Cascadura with Cas Deep -1

??? We will then shift focus to the centre of the block where we will drill Royston, a large buried fold, undisturbed since the Mid Miocene and with a potential of 700 feet of gas bearing Mid Miocene Herrera sandstones

Touchstone Exploration Inc.

Someone yesterday suggested that By not testing the well it meant any bidders were also left in the dark.

So perhaps best not to know until the Coho and NGC deals are in place?

Sounds paranoid possibly but paranoia rarely goes out of fashion in real life!

Just a comment not a suggestion!

Indeed more than fair point although Alaska without hydrocarbons would probably lose 80% of it population because of finance and cease being a State and this go back to being a Federal district, which suits no one politically. Also they are going to produce oil somewhere to bridge the next three decades so out of sight is probably handy.

Here is an interesting observation I spotted, it was that ESG could become the best friend of decent oil projects in existing locations. Given ESG has raised the bar re the reduced amount of investment funds available and will make the likes of TXP at least in revenue terms much more valuable, even if the capital value slips a bit. Essentially paralleling the tobacco experience. It will be interesting to watch.

But agreed gas is a lot more fun!

Jaykee take a gander at Pantheon who appear to have something colossal right beside the trans Alaska pipeline, actually some of the acreage is under it! Known turbidites previously discovered 40 years ago by ARCO who were bought by BP for Prudhoe Bay and they ignored the rest. It’s the same logic.

My largest holding with TXP second for full disclosure. Sorry if off topic.

Merely commentating that both Canadian and US investors will be AWOL on Monday for different historical reasons.

Monday in Canada is celebrated as Thanksgiving which occurred there 43 years before the US copied the idea.

Elsewhere it’s Columbus Day to celebrate the man who found the island of Hispaniola and then made it his life’s work to enslave an murder the inhabitants.

Anyway Tuesday should be a very suitable day for making the Market wake up to news.

But will Mr Drill be talking at that point?

Under 0.5% is not reported anyway even if they were doing it properly which doesn’t happen all the time.

It just feels like a paid for advert and clearly the Nomad thought so too as it was pushed out as a Non RNS which means it wasn’t price sensitive for shareholders.

Nice though but not important apparently as per those in the know.

He also has been pointing out that there maybe a second possibly contributory oil sand called Karamat. It is present and productive in other neighbouring oil fields and likely at Royston in particular.

Possibly an academic issue but hopefully it might chip in connecting sands to aid productivity.

Seems like a lot of other things working in this area?

“??????????? Time travelling with turbidites #10

The Mid Miocene Karamat sands!

The non-calcareous clays of the Karamat Formation are developed southwards from the crest of the SW-NE trending Barrackpore anticline and a maximum true thickness of 1000ft has been penetrated. In vicinity of the frontal fold, Rock Dome anticline, to the south, the clays are stacked in imbricates attaining thicknesses of more than 5500ft.

The formation ranges from the Globorotalia fohsi robusta at top Cipero Formation to the overlying Globorotalia mayeri zone.

Sandy, channelized 'salt & pepper' Karamat turbidites, sometimes referred to as the Karamat Herreras, occur near the base of this formation and are found oil, gas and condensate bearing in Siparia, Barrackpore, Catshill, Moruga, Balata and Bovallius fields. They are identified via the presence of Jarvisella karamatensis and Eggerella karamatensis Bronnimann. The extent of these sandy turbidites reveal the undulating seabed geometry post Herrera deposition with thick Karamat sand development in footwall synclines.

The Karamat sandstones were encountered in Ortoire Lizard OL-2 & OL-4 wells within the Ortoire Syncline and will be tested along with the traditional Herrera sandstones by Touchstone's upcoming Royston-1 exploration well.

Many thanks to ResiLog for their micropaleontological pictures and guidance on the Karamat turbidites.

Touchstone Exploration Inc.
AAPG Young Professionals Trinidad & Tobago Chapter
AAPG Latin America“

Kalkin?

There are rampers, derampers and a wide range of nefarious souls in Calgary you know, London does not have a monopoly!

They are the ones wearing the black cowboy hats.

Probably not going to happen until the budget is out of the way just in case there are fiscal implications. So pencil in at least a week or two to the timetable.