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Those who eat the cascadura will, the native legend says,
Wheresoever they may wander, end in Trinidad their days.
And this lovely fragrant island, with its forest hills sublime,
Well might be the smiling Eden pictured in the Book divine.
Cocoa woods with scarlet glory of the stately Immortelles,
Waterfalls and fertile valleys, precipices, fairy dells,
Rills and rivers, green savannahs, fruits and flowers and odours rich,
Waving sugar cane plantations and the wondrous lake of pitch.
Oh! the Bocas at the daybreak – how can one describe that scene!
Or the little emerald islands with the sapphire sea between!
Matchless country of Iere, fairer none could ever wish.
Can you wonder at the legend of the cascadura fish?
https://socawarriors.net/forum/index.php?topic=60921.0
Https://trinidadexpress.com/business/local/woodside-begins-phased-restart/article_0c3491aa-358b-11ee-8b4e-cfb4dfe1dfde.html
'Given that growth in natural gas production is questionable for 2023 and 2023’s oil production is in decline compared to 2022...where will growth in the energy sector in 2023 come from?' Kevin Ramnarine asks.
I think we know.
However, I note it is dated 10th August 2022 - hence the stupid masks. False Alarm!
Thanks, John. This is the source:
https://www.ttt.live/touchstone-meets-with-minister-young/
Https://www.guardian.co.tt/news/youngwoodside-to-resume-gas-production-soon-on-phased-basis-6.2.1768194.96706ef600
'The company accounts for 13 per cent of T&T’s total natural gas output.'
Globalsolution - you are at cross-purposes with Ayecumba. People in the O&G industry (and investors) know full well that 'Man-made Global warming' is utter scientific nonsense - a scam - making duplicitous politicians, business corporations, and others, a lot of money whist real environmental threat goes untackled. This delightful video sums it up: https://www.youtube.com/watch?v=9Z6z7pDyJpY
I guess Mr Stuart Young will be phoning Mr Paul Baay this weekend.
Https://www.guardian.co.tt/business/dragon-deal-not-dead-but-it-cannot-be-main-focus-6.2.1763164.b29ac7f932
(includes Dragon Gas deal): https://newsday.co.tt/2023/07/28/technical-issue-stops-production-at-major-upstream-natural-gas-supplier/
Https://trinidadexpress.com/newsextra/gas-crash-shuts-down-pt-lisas-petrochemical-plants/article_cafba82e-2d86-11ee-8a57-9ff66edf1922.html
https://trinidadexpress.com/news/local/gas-shortage-hits-pt-lisas/article_07874406-2db9-11ee-a9c2-dbcf5275073e.html
https://www.guardian.co.tt/news/four-pt-lisas-plants-shut-down-after-safety-incident-at-woodside-energy-6.2.1763714.e71b7f895a
(see comment by Kevin Ramarine at end of this article)
Interesting development?
https://www.guardian.co.tt/business/ngc-buys-heritages-natural-gas-interests-6.2.1742003.8753c0c3e3
Https://www.londonstockexchange.com/news-article/TXP/results-of-2023-shareholders-meeting/16021145
Interesting to read this as a 'popularity stakes'. Many a shareholder might ask what do these slugs do all day. NINE board members - there is no justification for that. At least three or four need to be shown the door.
From Pro on advfn (Thanks):
Canaccord Genuity view
Cascadura close to readiness, Royston sub-thrust test disappointment
Cascadura field facilities commissioning now expected to start "on or about 8 July". That is, we think, only marginally later than previous guidance, and it has essentially no impact on long-term field value and only very limited effect on near-term cash flow. Overall, given the complexity of the various elements of the development and considering that not all those operations were controlled by Touchstone, and bearing in mind some difficult recent weather conditions, that is a very satisfactory achievement.
The commissioning timetable should see first production, in our view, around mid July. Of far more importance than this small delay will be to see that commissioning proceeds smoothly with no significant issues and that the subsurface and infrastructure combine in the early months to deliver on-target performance.
Royston-1X well test disappointment in second sub-thrust test. The second test interval in the well - over three zones targeting a gross 80 ft interval in the Herrera sub-thrust sheet - produced light oil but at non-commercial rates. The company naturally hoped for better results, but now two sub-thrust tests in Royston-1X have failed to deliver positive results. We expect that will lead to a detailed analysis of the potential for this reservoir elsewhere on the Ortoire licence. We do not include any sub-thrust reservoir potential in our valuation. The next test zone will target a gross 106 ft interval within the intermediate sheet, the primary target for this well.
Webinar - 5 July, 1800 BST CEO Paul Baay will host a webinar just ahead of Cascadura field facilities commissioning.
Target price and rating We maintain our Speculative BUY rating and our risked NPV12.5-based target price of 160p
Informative article and report:
https://reliefweb.int/report/colombia/
This was the original plan: (Feb 1st RNS)
10 well drilling program:
- 3 C7 wells at RCE, each expected to add initial 300-500 bbls/d net to Arrow
- 3 wells at CN, each expected to add initial 300-500 bbls/d net to Arrow
- 2 Gacheta wells at RCE, each expected to add initial 200-400 bbls/d net to Arrow
- -2 wells at Oso Pardo, each expected to add initial 300-500 bbls/d net to Arrow
Today's RNS:
"Upcoming Drilling
After the CN-3 well is completed, the rig will move to the Rio Cravo Este ("RCE") field to drill two dedicated Gacheta wells, RCE-6 and RCE-7. A third well, Rio Cravo Sur-2 ("RCS"), is also expected to be drilled at that time targeting the C7 formation.
Following completion of the RCE and RCS wells, the rig will move back to the CN field where low risk infill drilling is expected to begin before the end of 2023.
Incorporating CN-1, total Corporate production is between 2,700 and 2,900 boe/d. "
Thus, if we add 1,000 bopd for CN2 + CN3, and 400 bopd for the 2 gatcheta wells (they may be on the low side?), and zero for the two Oso Pardo wells (now to be drilled in 2024?) but 300 bopd from the extra RCS well - with infill drilling (beginning) matching the decline rate - but with the 500 boepd from the Canadian assets not contributing much to the bottom line, and the Capella production written off - if drills are successful, I would go for a 2023 year-end production figure of about 4500 bopd. (with OP wells, and more CN wells, for 2024).
A highly creditable performance.