Member Info for Gamflin

That’s a bit harsh MJ they’re probably harvesting the pot they planted in those oil drums a few weeks back.

It didn’t say anything it was a short film about Trinidad but included a shot of a completed wellhead designated Coho1 which wasn’t in keeping with most of the film.

A little cryptic, but are they nearly ready to cut the ribbon.

136000 oz based on given dimensions, try moving up to a premium brand cigarette they tend to be more accurate :-)

That’s even worse, world inflationary pressures alone might increase our costs( drilling, development etc) by 50% in that time.
I can’t believe TXP negotiators struck a deal with no contingency for this scenario.

Henry Hub $8900 mmcf
Ice/winter 22 $31000 mmcf
Price review every five years (2025) what is this going to look like then, the waiting has only just begun.

Even s/22 waivers this must be the bottom? I once held a share for fifteen years eventually realising eighty bags(I’d like to know who first coined that phrase) not withstanding I had my original stake returned in divi’s, retraced by fifty percent at least twice during that time.
People have to appreciate that there is a significant short open here and it will suppress the SP until it is overwhelmed, personally I’m sure it’s protection for a profit ( not the more recent Canadian which where opened at a much lower price) and they’ll be hedging with put options even though the people pressing the buttons don’t understand the algorithms.
Moving on 200mmcfpd might be a long way off but one hundred is nailed on it’s going to happen, I understand the frustration at the timeline but the real problem is expectation, PB has done an awful job of managing the market, imagine what it must be like for a trader.
My position here? 2025, what will the five year price review yield? 200 mmcfpd @ what? Plus 4000bpd liquids.

Well, maybe if it works.

They’ve done that on the other board, as long as they like it would seem.

And your post is ….

You’re becoming a little less than opaque with your negative comments, cast your mind back to the intermediate test 360 bpd from a gas fit up from a poor location. I would ask others not to use that negative header.

“May” it would seem. I think Shell had intended to get Sid from BG to sign it off but he forgot his pen and then passed before they could get another ……to bo cont.

Q3 reported £27.77 net back for oil. Production Currently (with WD8) is around 1700 add Coora and Royston and it could quite possibly be 2500(no one has mentioned that two at Coora will be five not four wells over there). We sold oil at a 13% discount in Q3 which now would equate to $80, production and taxes were $35 in Q3 that takes us to $45, taxes will be proportionately higher but we’re still almost certainly over $40 net at current pricing ironically with all the fuss over delays our net income from oil may eclipse that from the gas if the above assumptions are correct.
On the subject of the gas pricing I cannot believe there’s no contingency for the current situation, consider what would have happened had the price gone down and the NGC were losing $600/700 on each mmcf Such a situation would have been included in the contract. If not would they agree to $4000 mmfc in 3.5 years time?

Yes they are liable for 20% of costs.

Nice summary Trek, this is a little fish in a big pond many of the big boys are working hard on this tech, my strategy here is to sit on my holding until it inevitably gets gobbled up by a bigger one. Looking forward to the ride GLA.

Ah, hadn’t considered that’s what it meant,
Trek, hope you’re marking a few coppers with your trading my trading days are over seemed too much like hard work these days I try and build sizeable holdings in companies that seem to have legs. I’m hoping for great things from my 1/4% here this year.
Some key events
Royston test results
Xav’s presentation
March numbers
Royston 2nd drill
Coho
First gas Cas
Kraken
Success at first Cas development well
Maybe another Cas well
Happy Xmas.

Haven’t you been paying attention?

Firstly let’s not forget Heritage have a voice in this now, not sure how much influence they have but some for sure.
They are going back to Royston because they can and they need to know more about the inter/sub sheets before making a plan not withstanding Karken which would change things substantially if good but Royston won’t put Cas in the shade, rational, slide 13 of the new presentation.
Permeability 900 md well, it doesn’t get much better than that, I’m guessing that it was the lower horizon of st-1 (stopped by uncontrollable gas) and cast your minds back to the testing maxed out test equipment in seconds and in Paul’s words “ when we shut it off the pressure just came right back”. They tested 170’ of sand which flowed at a restricted 5500 boe ( this is now shut in we are set to produce from the upper sheet which flowed at a similar rate from 345’). When drilling Cas deep 900’ to the NE we intersected an additional 245’ in this lower sheet … so two more wells from this pad accessing different horizons of that sheet will give us another 10000boe ( 90 mmcfd plus 2000 bls liquids in total).
If similar results are achieved on the three new pads to the south and north, the 200mmcf pipe will be full and the need for a liquids pipeline becomes clear
As for the drop off,shell’s ( spits in disgust( first delays and now shafting us on the price))fields came on 18 years ago and are shill running at 45% of initial rates and permeability is not even close to the best at Cas.
Not wanting to go on but ‘900md more for longer’ given that the independent numbers will be conservative the P3 figure is the one you should be remembering one TCF inbound. Agree with Smasher nexts years numbers could mind blowing.

TBH I won’t watch there’s nothing material to say I’m fed up with the jam tomorrow patter further more given the price action in Canada yesterday it’s leaky as well no wonder they not worried about closing the short.

No comment.