Member Info for mbarnholdt

A nice week for us. I hope we get some more like that this year. Have good weekend all.

Maybe my dream of 2TCF 2P resources at year end will be realized. Here's hoping.

Pretty senior guy in Shell NBD. On another note, best wish to all for a safe(r) and happy 2021. Appreciate the contributions of all on the board.

The downside of this is that we are a bit at their mercy as far as timing. I'd sure like to see Coho hooked up and flowing asap, and generating cash. But I agree, Touchstone should stick to E&P-having others build out the gathering lines, etc. is capital efficient, and leaves Touchstone to concentrate on what it does well.

Its sort of odd, we were up a good chunk yesterday in the states here. Have always wondered if its movements in exchange rates, arbitrage, or something else when the three markets move in different directions.

A new hall of shame for me, I own some Alibaba. Fortunately, had reduced my holding yesterday in order to buy more TXP. But it is a stern reminder that this is not a risk free business.

Hope things keep going. Just topped up yesterday to about my risk limit. Was nice to have a day like today right after. Did that once before with Cheniere, and it dropped from 27$ to 3$ in one day, my all time hall of shame trade.

I hope so guys, just topped up some this morning. Need a lift in my portfolio big time.

I could see Atlantic LNG being interested in this at some point if good news keeps coming in. As far as I know, they are still running short of gas (vs. capacity). Whilst at Shell, I was told there was good money to be made shipping LNG, but I am not that knowledgeable of that end of the business. Perhaps someone could comment on margins, etc on, I'd appreciate.

In theory, if all the volumes are connected, should require fewer wells to develop. If they are all different compartments, generally need a well for each.

A transition zone is what I heard it called at Shell. If the water contact has not been determined yet, it leaves the possibility also of an oil rim perhaps below the gas, as at Troll in Norway, and Coulomb in the US GOM, which can be a pleasant surprise, but may also present field management issues. Not knowing OWC is probably a limiting factor in the calculation of proved reserves, i.e. lowest known hydrocarbon, although not so much in working 2P.

Work like this is why i really like this board-serious investors who do and share their own homework with other shareholders.

This was well done and very helpful, and you have to like it when the Chief Geologist provides comments to it.

I thought about Romania too, somewhere in Transylvania suits me, with an old castle. Somewhere in the Ionian sea would also suit me, particularly with sea view and short walk to the beach. Maybe one of those villages in Sicily that pay you to move there if you fix up and old house. I have lots of ideal venues, just need the big hit I have been waiting all my life for.

I was in one called dividend.com for awhile. Its about 150$ per annum. Not bad and has different strategy ideas.

I am still hoping for my house in Tuscany, but probably need it to get to 20 or 30$ a share for that. I keep dreaming of it though.

My guess is that it was a scoping study done by Ryder Scott for the government, just looking at possible resources to drum up interest in the license. I saw a few of these at Shell. Nowhere near ready to put up that kind of number-look for something from GLJ maybe about 60 days or so after the well tests and we will likely have a better feel for what we have so far. Its not out of the realm of probability if these structures are connected, and they have 21 exploration leads in the license.

Oh that would be so nice. I liked 6-8 TCF because that used to be an accepted amount to start up an LNG project. I feel like the market has only priced in about 500 BCF or so as a wild guess.

I don't want to jinx the board by making a price guess. But I'd like to see something like 2 TCF in 2P reserves at year end. I think a lot will depend whether or not they can get the new wells tested before the year closes-will be harder to get a good booking without that. I keep remembering what another gentleman quoted a few days ago about not seeing the boundary effects of the reservoir on the first cascadura well........

I was also a doubting Thomas, having been burned on dilutions many times in the past. Looks like they did a good job of it. I more than doubled my stake yesterday. Still hoping that this will get me my olive farm in Tuscany but will settle for a nice jump in my retirement funds. Heres hoping PB and XM can keep bringing us success.