Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can you imagine what a rally All T&T oilers would have if this materialised.. Just a little peep from the government that they want to reform this, and we would have a good run based on that alone, PB dont think it will happen before 2020, but that dosent Mean they cant decide and discuss now :)
Trinidad and Tobago Newsday Trinidad and Tobago Newsday News Sports Tobago NewsMore Articles Kevin Ramnarine Kevin Ramnarine 14 Hrs Ago Yvonne Webb Reformed SPT can make south Trinidad great again FORMER Energy Ministry Kevin Ramnarine is calling on government to fix the Supplemental Petroleum Tax (SPT) to make “south Trinidad great again.” Ramnarine said for years the industry has been lobbying government to “fix” the SPT which he said makes no sense. With the closure of Petrotrin and the slump in employment and oil production,he suggested government make SPT zero per cent for incremental crude oil produced above base production level for a period of three years. “That is going to make south Trinidad great again. It is going to get all idle resources off the ground. There would be a lot of drilling. Every rig employs 100 people. You are going to have contractors engaged and you are going to have the economy in south pumping again.” Addressing a breakfast meeting on The State of TT Energy Sector, Threats and Opportunities Ramnarine, on Friday, Ramnarine said the competitiveness of the local energy industry is under threat by the United States which is becoming the largest producer and exporter of LNG and its shale gas is making it cheaper to manufacture ammonia and methanol. He said already the impact is being felt at the flagship state enterprise, the Point Lisas Industrial Estate.. Parallel to the threats, he said there are opportunities the country can take advantage of, including developing the port maritime sector to support the Guyana/Suriname basin as that country does not have deepwater ports. He said deepwater holds great potential for new natural gas production. Ramnarine said there is also an opportunity “to do something better, commercially” with the Atlantic Trains 2 and 3 contracts which expires in 2022/23. Focusing on the threat to Pt Lisas, Ramnarine said as the curtailment of natural gas supply adds to the landscape, plants at Point Lisas are not running at their full capacity. “So, we are losing the shine from Pt Lisas.” He explained this is due to the fact that the 10 ammonia plants make up half of the industries on the estate. “Because of the new contracts NGC signed with bpTT and EOG in 2017 and which have become effective in 2019, natural gas prices have increased by 20 to 30 per cent depending who you speak to.” “With the decreasing price of ammonia, buying raw material is now more expensive and you are getting less money for output, so the profit margin for the ammonia plants are under tremendous pressure.” He foresees NGC experiencing a negative cash flow in 2019. “By the admission of the Energy Minister Franklin Khan, NGC is now buying gas at a more expensive rate and selling it to a portfolio of customers, some with legacy contracts at a cheaper rate. Compounded with low amm
https://newsday.co.tt/2019/05/20/reformed-spt-can-make-south-trinidad-great-again/
I just surfed a bit around at the inside register at sedi.ca and actually found out that majority of the Directors and other inside staff All bought shares 18.05.2018.. PB told me they couldnt buy most of the year because of blackout periode on TSX are extreme. But it seems like May and late october/ early november is their chance to top up.. Would be very surprised if we didnt se any buying before ortoire, and their window might open today or monday :)
Thats okay sunday :) I have thought about the JV with Heritage, and it really sounds like a great deal, maybe that was what malcy was refering to, when he said im promised more details.. I especially liked the frase 'there is really No downside for us in this'.. It sounds like we will be awarded some onshore licenses, and thats why we dont spend more before it has settled, as these will most likely have some commitments.. What do you guys think?
I actually had a Word with PB yesterday and some of the points is here - spud date of coho-1 is actually only 2 weeks delayed, and was a decision taken by the management only 1 week ago. Decesion was made because another operator wanted to drill a well just North of coho, and therefore management decided to let them do it, as we would received the rig warm. Rig hasent drilled for 6 months, so not something serious there. - development wells are not being drilled right now, as management have decided to go after gas, because it is more economical at this point, I understood it as, we Are putting maximum pressure for fiscal changes, and until we get some relief from T&T on the royalties, we will focus capex were it is most beneficial.. So coho will be done as soon as the rig has completed its task, No big delays Hope fully :)
If we go in blue territory today, it really is a strong statement.. All eyes on ortoire.. Maybe some of the negative ones can keep looking at the debt, which has gone down considerably.. Its obvious that PB is also lobbying and wont drill any development wells until they change fiscal policies.. Now nobody is drilling in T&T and opposition wants change!!
Trump just ruined the sentiment.. Again.... However I dont think that the selloffs we would see coming weeks will drag down oil like we saw last time, it would most likely cap it, but the fundamentals and markets are too tight and risky right now.. On top of that we have driving season just around the corner which will make it Even tight er whilst we drill corosan :)
Jesper is also an admin in there and also and substantiel shareholder of txp.. In Scandinavia we like to discuss our holdnings in closed Facebook groups.. Another oiler called maha Energy started small like txp but now have 5740 members in a Group for investors exclusive about that company.. We will take txp there as well ;)
Hehe we Are still only 4-5 that discuss txp in here, would be funny to see People join in the next couple of months.. Not so many shares out s there, and the extra shares from the raise should be almost done now.. If we have some institutions buying it can go really really fast.. But I rather like slow and steady.. Coroson is in the horison.. Btw we had 40 new members join our Facebook page over the weekend now at 238 members, so interest is building up their as well
Online Investor Presentation and Q&A session Mon, 13th May 2019 07:00 RNS Number : 7455Y Touchstone Exploration Inc. 13 May 2019 13 May 2019 Touchstone Exploration Inc. ("Touchstone" or the "Company") Online Investor Presentation and Q&A session Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, will be holding a live online investor presentation and Q&A session for investors on Wednesday 15 May. The webcast will be recorded and made available on ValueTheMarkets.com (http://www.valuethemarkets.com/) after the event. The event will take place at 7.00pm on Wednesday 15th May 2019, please visit the following link to join: https://vtm.clickmeeting.com/txp Or to listen by telephone, call +44 (20) 7048-4146 and provide the Participant PIN 517373# followed by the # key. For further information, please contact: Touchstone Exploration Inc.