TXP Reset28 Dec 2021 15:58
Oil exploration development and production is very much like farming
We plan what to grow a year in advance. TXP -( seismic,geology,rig hire and finance planning etc ) Then they move onto Well spud while we drill our crop - having invested seed ferts sprays etc
We then wait to see what we get a year down the line- is it a duster- crop loss with disease/ weather or a 5 t/ ac wheat crop (1 tcf gas Cascadura )- then maybe store for a further 6 months before sale . In TXP case 2 years !!
I have reset my thoughts and aspirations for TXP - effectively lost a year.
2021 has seen frustratingly slow progress but 2022 surely is the year ‘our co ‘ comes of age. My timescales have extended but with Coho in March, Royston EWT ongoing and Cascadura on line Sept and the massive development projects moving up the gears with Royston Deep to kick things off before the Mighty Kraken- its going to be hugely exciting!!
I’m looking forward to a full operational update / development plan being discussed on 20th Jan.
So I know patience isn’t everyone’s virtue on the board - it def isn’t always mine - but I can see a roadmap laid out in front of me and we are def on our way
GLA