The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I have a Husqvarna 216T AWD I am very happy with.
They have bigger ones more suitable for 3 acres. Suppose it depends on whether you want a tractor than can cut grass, or a big ride on lawn mower for a nicer cut.
Kubota has some neat mini tractors. Very happy with my Kubota excavators.
Ahhhh, the old “I drive your tractor, and you drive my tractor” ehhhhh
Nudge Nudge
I posted on Other place yesterday, but I’m case someone has not seen the presentation or video, copied to here.
JM's notes from QA presentation, this is straight what I was writing fast Roughly 15-1600 up from 134 legacy production Up over 120 bopd from 2 wells 3rd next couple of weeks 75 bopd per day target for these wells, are ahead of that currently Paul believes Chinook is a discovery, they need to work more with it Penal 7 Barrack 130 mil boo produced probably and ½ tcf of gas Royston overthrust is deeper so more oil there Didn’t catch the rest Wait until reserves report for NPV Royston (I think Paul means this is going to be big) EWT is ongoing and they are moving along and will report at end of test (didn’t say when that would be) Coho is physically ready to tie in – waiting for permission to do the tie in 350k to 400k usd / month My be 30 days or 60 days …… Paul says stop worrying about it 14 million available cash so Coho cash not needed anyways Cascadura moving along – EIA was sent in before Christmas Seperators and compressors being built Cascadura is more under TXP control (also NGC, but no Shell to slow us down) Drilling will start at Royston after EWT – and then 2 years continuous drilling program afterwards! Key is reserves report Great NPV’s for Royston 2022 90mmcfd to 200mmcfd 9200 boepd initial Coho facility and pipe done for hookup is 1200 pages (WTF?) and then comment about getting things signed on Tuesday in Trinidad, but which Tuesday No issues from town meetings etc. about Cascadura pipeline NGC has done paperwork for pipeline and ordered pipe NGC will be done before TXP is done with facilities (Paul has said this before) Star rig is working well for us Market’s value of Royston is zero or negative and this makes no sense 3000 boo capacity storage in Touchstone tanks at Orotoire (not very sure about the figure) Can move 1000 boo out right now by truck Handling facility at Barrackpore for oil has 2000 boo capacity (not sure which storage he was unsure of) Star Rig will not move to Coors for 2 wells until they will start up continuous 2 year drilling program, this has to do with sourcing mud pumps (hired equipment), bringing in some expats (yes), and after Coora will be two Royston wells. Continuous 2 year drilling program!
Maybe we should tip them to write an article about the ridiculous amount of time it takes to get gas into a pipeline we are sitting right next to. Light some media fire under their ***’es.
Sarah has always asked more pointed questions, and yes, there are some viewer questions at the end, at least the two times I think it’s been with her.
Maybe we can discuss what color to paint the separators, skids, and pipe loops for Cascadura and Cascadura Deep?
Personally I would go for a red/white combo with a Red Maple Leaf in the middle, basically the Canadian flag on the separators to reinforce to the Trinidadians what happens when they can’t deliver construction projects on time.
Skids can be black so the Canadian flag stands out better, and any children that might try to climb on it will get burned by the hot metal and fall off.
The piping should be green to represent the cash flow inside the pipes.
Other than that I expect in the very least a finish date for the Coho hookup, and generally an operations update fo every single other thing that is being drilled, will be drilled, has been drilled, will be built, is being built, is built, is tested, testing currently, and will be tested in the future.
Lots to talk about. Should use the entire time on just updating and drop the rest of the normal presentation. We don’t need to attract new funds, or new investors, we need to deliver the assets we already have found to monetization, quickly.
I’ve driven my excavators all over my pristine property over many years, and you can’t see any signs of where they have been.
The depth as width of the trench they are digging for this pipeline isn’t much different than I would dig to put things frost free like water and sewer line to your house, or domestic electrical lines. It’s really really really simple and easy. The trench is the width of the bucket, and basically the depth of the trench if the height of the bucket. The pipeline diameter for Coho is smaller than your waist. It’s tiny stuff, simple stuff, and not very much of an environmental impact to put in place. About the same as cutting a track for a dirt road.
If you want to work in the wet season you use mats (logs basically) to drive on and tarps to cover up dirt piles and ditch edges to keep them dry or help them dry out. You do your welding under tents. You cut sidetracks off the main ditch to gather water for pumping it out. It’s not impossible, you just have to use the extra time and extra money and crack on. It’s not even cold there. They just don’t know what they are doing, or just don’t bother to do it.
Every transaction has a buyer and a seller, never understand why you lot are so obsessed with the bid or ask being hit when there is really no advantage to be gained from the info besides maybe very short term trading, but even then the volume is too low in TXP to do any meaningful trading, so ……
Nice to see more subscription purchases by the CEO, CFO, and COO. More lovely cheap shares for them. Not a lot, but builds up over time.
It’s almost like they have an incentive to not communicate so much with the market ……..
Lower for longer as they say. Nudge Nudge Wink Wink
You hold and wait for them to get production online. Yes, it’s painfully slow.
At what cost? A lot of investor and borrowed funds went into all that shale fracking. Not much money has been made. On top of that the idiots crashed the oil price and messed things up for the rest of us that were doing fine drilling and working around conventional techniques that were very profitable. You can’t say that US shale has been very profitable.
Horizontal wells work just fine in sand, actually they work extremely well, and they can stay insanely accurate within a couple meters thousands of meters away from the rig. This is of course in Norway. In Trinidad they can hardly cut down a tree or widen a road apparently, so not going to compare apples to oranges. Different people, different place.
Drilling and fracking shale is crap.
Happy New Year all you Muppets!
Make it Rain!
You wouldn’t be impressed with the equipment, the depth of the ditch, or the size of the pipe. It’s all super basic small stuff compared to for example the North Sea. I’ve never met the guys or seen them work, so I can’t say anything about them in that respect, but I hope it’s a different group of guys than we’re working on the Royston road.
At the end of the day, they have simple tools, simple methods, and “simple” people. It’s not the guy’s fault really, as they have not been exposed to the methods we use here, don’t have the equipment to pull it off, and they likely lack education in general compared to here. It’s a tropical island, they take life slower, they beat on oil drum drums, party and get laid. They don’t have to prepare for cold winters and plan ahead. It’s just how it is. Why do you think the “western” world goes into so many places around the world to mine natural resources? If the locals could do it all themselves, they would have already have been doing it before we showed up.
I spent Christmas complaining and mostly crying about the 500% gains TXP has given me so far. It should be at least 2000% at this point, so I hope that 2022 will be the year the cash finally arrives.
Saw a film about a comet hitting Earth yesterday. I would like to see the Wall of Cash online and flow test the Cretaceous before this happens. I don’t think this is too much to ask.
I think what we are in need of is a good old fashioned Q&A with Paul and the technical team. Maybe they can give a presentation about the technical stuff and progress on all the projects, and then we can have already sent in questions plus live questions.
If everyone sends a mail to Touchstone requesting this, we may get something. Katie is nice to look at, but 5 minutes reading a script is so much less than an hour of back and forth questions and answers. This will help everyone get educated. Send a mail!
You can look at Katie anytime, but we need to talk to the technical team!
https://www.google.no/search?source=univ&tbm=isch&q=katie+pilbeam+pics&hl=en-no&client=safari&fir=Y-fX7wOXPmiI9M%252CTQwxGDSPKlNjyM%252C_%253BhSJ0RkLJU1Dh_M%252Cx_Tz019yOfhTrM%252C_%253BxlkBZ7ih6QiXlM%252CjhGy-sKKLBjTeM%252C_%253BxFbG_0T71zeQZM%252CVfSxouux3lbQsM%252C_%253BfTZIiNCpFKHwtM%252C7Lyo-qw2Pn3XDM%252C_%253BTbhNdTKPOpwJ3M%252CVfSxouux3lbQsM%252C_%253BzTBKmM837xWmiM%252C68k9cSQpyAk7mM%252C_%253BOukKW1oH0du6bM%252CcPlBZT7M-cz3nM%252C_%253BxUvTQC1skbCr1M%252CxklpL20WE-bQlM%252C_%253BkcuQmslfwzEKPM%252ChaSyV8N8K_7ecM%252C_&usg=AI4_-kSMXDMNYp_SD605wuBQxiwuaQ2EAw&sa=X&ved=2ahUKEwibj4DxjPv0AhUtSvEDHZ4tB2MQjJkEegQIAhAC&biw=1366&bih=921&dpr=2
We haven’t been told if Heritage have to prepay, or wether they take it out of production. I think they should prepay after we’ve done all the heavy lifting up to this point. I think they should completely pay for the next 10 wells, and take our part out of production. Free loaders.
I’d just like to point out that today’s volume of panic selling in Canada is less less than twice the amount I personally own. It is like half or less of what MT personally owns, and it is smaller than several posters on this forum personally own. The volume in London is more than Canada as usual, but not huge by any stretch of the imagination, and something that could easilly be set in motion by someone or some group with ulterior motives with the added benefit from panic selling and stop loss raiding.
The drop in share price is illogical vs. the content of the RNS. Complete disconnect from reality.
Rocket Launch at 7 a.m.?
Next week should give us the golden buzzer, or the gong.