Member Info for McCangts

65M (USD)

Thanks shell

Mac

Anyone got a copy of this circa 2 weeks ago - cant remember the broker name!!

ISAs topped up LTA nearly maxed with 2014 protection, second house in the country, boat on the river, bl***y hell what do I do next?
Appropriate strategies please.

Review of the economy page 40

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjDx_Sg86bsAhXxaRUIHV9tANQQFjAJegQIAhAC&url=https%3A%2F%2Fwww.finance.gov.tt%2Fwp-content%2Fuploads%2F2020%2F10%2FReview-of-the-Economy-2020.pdf&usg=AOvVaw3x127NO9VZKJPdE4xEc4up

14/11/2019 - 3rd quarter results out - always an alternative narrative .! Conclusion NO LEAKAGE!

Mickey2 give me more lies you were making me feel better!

Mickey2 - I could def agree with that.
14/11 - sidetracked due to problem?
18 to 20/11 recovered after positive results?

Cascadura Timeline ?
04/10/2020 Spud date
14/11/2019 Sell off Was this when the well was side tracked after issues? lost 19% intra day
09/12/2019 Hits Total depth but unannounced "After encountering mechanical issues with the drilling rig, the well was sidetracked beneath surface casing and was drilled to a total measured depth of 6,350 feet (6,100 feet true vertical depth) on December 9, 2019.
16/12/2019 RNS "Touchstone Exploration Makes "Significant" Crude Oil Discovery At Cascadura Well"
20/12/2019 RNS "Cascadura-1ST1 Well Encountered Gas During Testing"
06/02/2020 RNS"CASCADURA TEST CONFIRMS LIQUIDS RICH GAS DISCOVERY "

If chinook follows similar then we should expect news early next week, one week following TD?
Ref leakage note the larger volumes 21/09/2020 - def a positive sign?

Not just TXP doing well for North at the moment. Reach Subsea (31% holding) end of 1st qtr -0.82 NOK currently 1.54 bouncing back strongly.

Closed at 1.72nok Friday- joint listing would do wonders for P/NAV

Here to give you a little company Dana, in yesterday with a chunk!
Rune Dana cfo Ex shell m&a interesting,

Nah Simon - there designer Jeans (so my daughter tells me) we might be able to afford some soon;-)

American Oil and Gas company EOG Resources has revealed that the average price it got in 2019 for natural gas in T&T is US 50 cents per million standard cubic feet (mmscf ); more than it earned from selling its gas in the American market, effectively making the feedstock much more expensive for local petrochemical companies than it is for their American competitors.

In its 2019 annual report, EOG said it earned US $2.72 per mmscf for the gas it sold to the National Gas Company (NGC) while it earn US $2.22 per mmscf in the US market.

In specie transfer - only problem is you are out of the market for 5 to 7 days

My recollection when I went through their accounts is that they had distributed max allowable reserves having taken a write down on one of the companies they have a majority holding in. Its my belief that they are booking profits from their earlier investment in TXP to enable further distributions (FIFO). Like norb notes they don't want out, but the question remains what do they want / need to reduce to?

The largest gas field in the world - South Pars/North Dome Gas-Condensate field covers an area of 3700 sq miles with reserves of 1800 trillion cu ft ( ie half a trillion per sq mile) with a depth circa 1300 ft. so you could deduce the reserves from that simplistic formula. assuming casc and chinook are of the same fields.

In our March 11th press release we stated that flow testing supported an initial production range from the Cascadura-1ST1 well of between 7,750 and 9,700 boepd (gross) in a combination of natural gas and condensate. That initial production rate forecast is from the Cascadura-1ST1 well alone and did not (does not) include volumes from any other source. Cascadura Deep has no impact on this initial production rate forecast.



As we touched on in our presentation on June 4th, Cascadura Deep is a “stand-alone” exploration prospect targeting two sands which were not penetrated in the Cascadura-1ST1 well, specifically the Herrera turbidite sands of the Intermediate and Deep thrust sheets. Our modelling suggests that there is a good chance that we will encounter some of the same sands seen in the Cascadura-1ST1 well, however they may be in what is potentially a unique pool, possibly separated from the Cascadura-1ST1 well by a fault. On that basis the answer to your question is somewhat complicated – yes the well will likely penetrate the same sands (as evaluated in the Cascadura-1ST1 discovery) but it is difficult to estimate the potential production impact. All that I can say with certainty is the any volumes coming from a Cascadura Deep discovery would be in addition to those realized from Cascadura-1ST1.

I don't think North want out completely - Now I'm no accountant but looking through there accounts it reads to me like they have a need to distribute divis and have no further profits to distribute.
Book some wins on touchstone and can keep the divis rolling !

Courtesy of advfn poster : https://seekingalpha.com/article/4352461-190-oil-j-p-morgan-thinks-possible
Plug that in you log term SP ;-)