The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Yep, with 6 million in cash, a lot of sins can be forgiven. For us grumpy old men, loose women and blow usually don't figure into the equation any more, although maybe 40 years ago......
For me, my family did once have a 14 foot john boat with an evinrude 3.5 horse engine that we ran up the Shell Rock River for catfish on occasion. I always wanted that little boat.......
And Scott, you would find no more worthy charity case than me, or if you need a ward like Dick Grayson, I am available. I also do personal valet service like Alfred Pennyworth from time to time.
Dr. Egon Spengler: I'm always serious.....have a great weekend gentlemen.
Forgive me Scott, I meant no disrespect to you and I apologize if I gave that impression. I think by and large this is one of the better boards I have ever experienced, and I respect the views, opinions, and information shared by all. My only point in all this, was that some have expressed dissatisfaction with several of the directors mentioned here from time to time. I think there is a lot of business sense in the collective membership (and shareholdings) here, and I think would greatly benefit TXP to have someone to provide the perspective of shareholders on the board. Perhaps there are other means to effectively do this, such as regular communication with management,
And MJ, Iike reading your posts, because I think you have a lot of petroleum experience and knowledge, and I like when you share your views on the technical side and that is valuable to me. With all due respect, your last post went a bit too far.
My personal stake here is much smaller probably than most, but no less dear to me. I have searched for companies like this most of my adult life, the small company that sits on promising interests, that just needs a push to reach the promised land (wall of cash); or perhaps like Jed Clampett, "boils up a bubbling crude-Black Gold-Texas Tea" (Kraken-Suriname trend extension). We will see.
I agree that there is still a lot of potential here, and think a greater sense of urgency is needed from management and Trinidad. I'd like to see this pan out, and all of us find a bar on a beach in Trinidad and have tropical drinks and pat ourselves on the back for being smart enough to do our homework and see this before the rest of the market.
Its Friday night and it has been a long week. Lets see what the annual meeting brings if anything. Maybe June 9 is the timing for Coho kickoff, although I am not going to hold my breath.
Gentlemen: I have thought for awhile that the esteemed membership of this board represents a substantial number of shares ("the London Board Group"). I think its almost time one of us put up our name as candidacy for the TXP Board. Scott or MJ I think would be my candidate, and as the movie said, "to him i give my obedience..". Maybe is too late for this time, but I would suggest for next year, we put up a candidate and vote together. Thoughts all?
Scott, please tell me we are not paying day rate for that rig for sitting idle.
I loved it, thanks for sharing.
Starting to wonder if they need a proven development manager with a track record of driving hard and getting things done.
I tried once to try and rank countries by exploration potential and correlate it against the fiscal regime (government take + taxes). Not surprisingly, places that had the most possibilities for large additions had the highest taxes/take. I worked New Zealand for awhile and was a fan of what they had. Be curious how Trinidad compares (lets say modest prospectivity)/fiscal regime vs. neighbors (Guyana/Fr. Guiana/Venezuela), and factoring in political risk. I know where Venezuela would be on my list, anyone know what Guyana/Fr Guiana look like?
Yes MJ, have wondered aloud to myself whether TXP needs hire an ex-Shell or XOM development/operations manager who has a reputation for getting jobs done on time, on site, on budget.
Probably right, but lets not wait too long afterwards if we don't get the answers needed.
Ok, lets get our question list submitted well in advance on behalf of the LSE Board SH Group. Here is an opening salvo, and I invite input from all:
1) Coho-if not online when. Good explanation.
2) Results from legacy wells? Better or worse? Next drill sequence?
3) EWT volumes and revenue realized-when can get better zone on-what needs happen? When?
4) Cascadura EIA, surface facilities, hookup all thought out? When?
5) Exploration and Development sequence-what and when?
I invite input from all, be happy to draft and send out say late next week? Hope you will all help me out.
Anyone know if more disappointments on the horizon? Got some slippage here in US today.
Would be a nice add to the growth story for TXP, particularly if Kraken Cretaceous is present in some hydrocarbon bearing form. Would think our boys would have a bit of an edge as fast mover. Assume the bid is seismic and work program over time? Any cash up front-I am not familiar with bid rounds here.
I know Mr. Baay doesn't like to be releasing every little tidbit of news, but it does seem to me that the information sharing strategy is flawed a bit. I would like to see a formal monthly operations update provided. I think his focus is more on the long term share price, as it probably should be, but reassurance to existing shareholders helps support that also, and keeps the cowards like me from running for the door when things start looking squirrelly. Just a thought for Friday morning, and I'd love to hear what the wiser investors here think. Me, I tend to be the sadder but wiser variety.....
A lot will depend on where US interest rates go. Usually as they go up, markets will go down some, but it usually draws in some money from overseas to support the dollar. I think your view on recession of some sort is likely, but if oil prices come off some that might help stave off. Agree, wish that extended well test would have been more like 500-600 b/d, but will take what I can get. Please Paul, get Coho online. I have been waiting and waiting........
Scott,
thanks for the reply, appreciated as always.
Scott,
have never been a big fan of trucking oil. How far is the connection from the Royston area to the nearest oil pl? Appreciate it, Mike
For those who also like to speculate on the horses, Tom Ainslie's Complete Guide to Thoroughbred Racing is also a book that will pay for itself in short order.
Scott, I like how you think.
The best book I have ever seen on blackjack was written by Lawrence Revere in the 1970's and is called Playing Blackjack as a Business. It has basic strategy and various card counting techiques. I was not mentally adept enough to do the card counting, but the basic strategy portion paid back the cost of the book in about month (in 1977 dollars).
Typically is on energy equivalent. I have seen factors used from 5.6-6.0 for the gas to oil conversion used over the years.