Member Info for Jake1444

I have heard the issues with Shell being difficult to deal with but once they worked out the details which they supposedly have, the work moving forward was going to be all in TXP's court. Given this, the delays fall completely on TXP. The time to build this pipeline to Coho is absolutely ridiculous. I have worked in the Alberta oilpatch for many years. Months to build this pipeline of this diameter and length is unheard of. I'm with MJ on this one, bring in some experienced facility and pipeline people who can expedite these projects. Coho should have been on production months ago.

I was responding to Scott22 who said that if Royston wasn't ready then they should drill Coho development well right away. Coho must be online before drilling the development well. We have had so many delays that to drill that well without the initial well being online is a foolish risk of capital.

Obviously if Coho was online then a development well is a no brainer if Shell has agreed to take the additional gas.

Why would Royston not be ready for drilling? Rig should go to Royston before Coho. Just because there seems to be activity at Coho does not mean that production will be online by May. We have seen this many times before. Coho should be online and producing before drilling a development well. Could drill another well and it could sit and wait for quite some time before production. No need to tie up capital in this fashion. And also, to assume that a development well will produce at 10 mmcf per day is foolish. Nothing is for sure until the well is drilled and tested. Have we already forgotten the results at Cascadura? There were a lot of people assuming 30 mmcf per day on each Cascadura well and that is just not how it works sometimes.

Royston first simply because production can be achieved as soon as the well is on test, if successful.

Any produced water would have to trucked out as well. If they are trucking emulsion then you need to know the water cut. You could count the number of trucks but without other data, it would be difficult to determine the oil production level.

Nothing too exciting in the press release. I thought Coho was going to be online before end of year but that was wishful thinking. Curious to know why they didn’t drill back down to where they encountered the high pressure gas in the initial wellbore on the first legacy well. Too risky since they got stuck in hole the first time?

Maybe going to post financial results and drilling/testing results all in one operational update?

Stage a big flare? It wasn’t a big flare so I agree with you Scott. Could have really done it up right if they were looking to.

Flare stack looks larger at Coho than at Chinook. 1-3 mmcf per day is a great success in my opinion.

I thought the Royston spud date has been delayed due to the overly wet conditions and thus the access road cannot be finished (soil stabilization)?

Hard to say for sure but the announcement of Coho production and the doubling of production would buoy the share price. Like you said, it would help remove some of the doubts of the process with the NGC. Tying in one well means that others will be tied in in due course.

Cascadura is west of both pipelines and Royston is east of both pipelines.

If it flows gas I will say about 3 million per day.

Scott, you know that the design for the Cascadura production facilities is completed, and they are working on the EIA for Cascadura. The guys doing this work are not the guys doing the completions on the wells. They can all these things concurrently without any one of these projects being ignored. The drilling guys are awaiting spud of Royston and the completions guys are working on Chinook. Xavier is likely bouncing around between drilling, completions and future prospects. If you have concerns about any of this, contact Xavier or Paul.

Pretty simple answer....more delays, more waiting. People get frustrated with the delays seemingly every press release about Coho and Cascadura and drilling schedules.

My understanding is that a 400 barrel of fluid per day pumpjack was being considered as the pump for Chinook. They could move 400 barrels per day of fluid if it is there. Who knows if it is oil? Who knows if there will be 400 barrels of fluid per day to pump?

400 barrels of oil per day from Chinook? Where did you find this Desmond?

Scott22 send me an inbox on stock house bullboards.

About the 35 degree API? Press release.

35 degree API

Sounds like they are going to use a 400 barrel a day pump jack on Chinook.