Member Info for Monkey_Junkey

Life isn’t easy when your IQ is in your name

Maybe you guys should look into the history of the closing of the refinery and the lazy old spoiled over payed workforce and culture that was rampant there. Also check out how much money there were losing before the politicians finally pulled the plug.

And, no, we couldn’t even begin to afford an operation like that, even if it was a good business, which it’s not.

I certainly hope TXP is NOT one of these three. Not our business, and we should go nowhere near it. That would be bat**** CRAZY !!!

Get that money …… and some info ……

https://www.google.no/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwityquEvuT0AhVEmYsKHYnVDuoQFnoECAYQAQ&url=https%3A%2F%2Fwww.expro.com%2Fproducts-services%2Fwell-flow-management%2Fextended-well-testing-ewt&usg=AOvVaw1EWCt2RtrlRxf0I0ptTO-U

A subsea drilling template offshore will do 4 wells in say 50m2. You see in some of the TXP pics, they have pump jacks right next to each other. It can be done so close, they might not do it that close with gas wells on land because they have more options for space than offshore.

Offshore you produce and drill simultaneously, you also have several decks of equipment on a platform, so there isn’t a space conflict. Some of the rigs I have been on are very large. Offshore also makes extensive use of sidetracks. TXP on land isn’t anywhere near the level of sophistication an offshore platform is.offshore. This is great, cause it’s cheap to be a simple man.

I highly doubt Touchstone would try to drill a well with the rig sort of standing over another well or several of them, or even in the near vicinity. especially a gas well like Cascscadura without the other wells being very properly shut in, and multiple barriers in place. The consequences of having an accident and have massive amounts of gas spewing under a rig full of equipment is just begging for a massive fire. They have shut in to drill close to drill another well before, some years ago.

Wasn’t there a drone video of WD-8 from Xavier not too long ago with a video of a second pad basically next to the first pad?

I accept your kind offer, request switching out the Champagne with Don Julio 1942 Tequila. An event like this requires a proper proper party that you may or may not remember for the rest of your life.

Mine is much simpler than yours.

#1 Touchstone (TXP)

Wish Paul had done do a 30 minute video presentation of the log and say these things that none of us have heard him say to everyone, instead of a private group of “analysts”. The 6 minute videos we get are leaving much untold, and are not fair information disclosure to the market.

From other things I have seen, they might only be doing 80cm or so, but that’s not much difference anyways for those size excavators. Bucket width is trench width, and bucket height is not far from trench depth. Doesn’t look they have many mountain or rocks in the way either. The welding is probably the bottleneck.

Norway is like a solid rock compared to Trinidad, everything there looks soft.

The original statement of 60 days for the pipeline construction is 50m a day, so that’s not unreasonable, but then you have the testing and commissioning of the bits at the end as well, so 90 days should have some buffer in it for small delays.

Maybe a Katie will smash a bottle of wine on it when it’s completed, or should we save that for Cascadura?

Shallow trench, pipe shifted by excavators and not special equipment, no need for wide access road. A very simple pipeline construction indeed. I’m also thinking January first gas.

John - The comment was not for you at all. It was for a certain moron on ADVFN who was asking for Paul’s CV, amongst several other idiotic posts last week. Maybe you didn’t see it and understand the point. I assume that most read both boards, so sorry if that created some confusion. Good post.

Seeing as how I don’t have 80 years left, I might have to reconsider the idea about never selling out. Or at least really push the idea of Swiss Cheesing the structure with horizontals.

Petrotal got 9000 bopd flush from the last horizontal well. And they deal with massive water cuts. 9000! And they use those cool passive valves to limit water production.

TXP has one well that produces 1 bopd, and is 100 years old, or something like that. And then there’s this swabbing for a couple hundred bopd as well. Wish I had a well or two in my garden, I’d swab em.

Paul Baays father wan an oil man, so he grew up around oil, and has built up companies to over 20,000 bopd from very little twice before Touchstone.

Just in case someone might be thinking Paula isn’t very qualified for the job, and like they would be better suited for the position. Throw out your CV, we try to keep it serious in here, but it never hurts to have a good laugh. Remember to use the spell checker.

I woke up today to a massive rise, must have been dreaming about convoys of trucks with separated oil where every 20th truck was water.

If I could travel to Trinidad, I would be living at the wellsite, like that guy who lived in the airport.

The end of day move in both London and Toronto may be a sign that a few people are nervous about missing out when the news drops next week.

The rise might be a sign that someone is spotting trucks filled with oil ………. It’s entirely possible that they are flowing oil now given the time since the interview where Paul said they were running in the hole right now.

IIIIIIIIII’m dreaming of a Blackkkkkkk Christmas !

Thanks fo the link.

I think the internet being used primarily for social media, and probably a component of “I can just look it up” changes to the education system which seem to focus more on forming the thoughts of kids instead of increasing their hard skills is the underlying reason behind it. Funny that they mentioned that film, which is over the top, but you can see the associations to the trends already anyway.

The world in general has gone soft, and how uninformed people feel about things seems to now be much more important than the actual facts related to things, Nuclear Power being the prime example.

I only need another 30 years or so before everything goes off a cliff, and I’ll be happy. Then I’ll be 80, and can just go jump off a cliff to check out. Until then, I’d like the world to function to provide the goods and services I need to buy to stay alive and have fun.

We need a lot of people to work to keep the wheels turning while we are spending the proceeds from our oil and gas production. This is probably one of the biggest challenges we face.

The question is do you want to own those if they come in when the downside for your investment is protected anyways even if they don’t come in?

I’d say it’s like getting free lottery tickets, it can only go one way, the same life where you were before, or you are some multiples richer than you were before. That’s my kind of gambling.

We know that it is multiples of the current market cap, and there are some unknowns and many future blanks to be filled in, some figures have been thrown around on the boards earlier, and we basically know the market cap doesn’t even represent Coho and Cascadura, so it’s kind of a silly exercise to use a lot of energy on.

If you say that the company is worth twice as much in a year, would you invest, likely yes, 100% in a year is great. If Royston has 100 mil boo that’s 2 to 3 billion dollars netbacks over a few decades, and so like 4 times the current market cap discounted absolutely free on top of the current discoveries and reserves.

So then you have all the other exploration upside potential, and so let’s say 100% to 1000% or more is what TXP is likely worth in a few years. Is it investable, yes, do we know how much it will ultimately be worth, no. Does it matter if it’s 300% or 1000% not really.

It’s like we’ve built the foundation of a house, but we don’t know how tall the house will be in the end because we haven’t received all the materials to build it yet. The foundation reserves are there though, this is the low risk downside vs. high potential upside that makes TXP a share that a lot of us have gone unusually high weighted into.

Already done 1000% since I got in. Should I take the money and run ……. no. It’s not done cooking yet, and with dividends coming up in the medium term, my “high risk” exploration investment is going to turn into my high yielding dividend investment. How amazing is that? My whole invesment strategy potentially prepared, cooked and done by one company, with desert. I haven’t found anything better to invest in that gives me the low side security with the high side potential and massive cash flow right around the corner.

And people are calling for Paul’s head on a stick and asking for his CV. Take a long walk on a short pier. Get the F out.

And let’s not forget that Heritage is now paying for 20% of the costs now as well.

Wonder if there is any financing possibility there for a well or two?

Now that TXP have sourced an optimized oil test string, I would think it highly probable that they go down to the second test zone and isolate various intervals starting at the bottom and work their way up to find the OWC profile. Doing this before perforating the upper zone would give better data for the second zone than commingling a flow test with the 2nd and 3rd zones. This may be why Paul has moved from 10 days to 14 days ……. Tripping in and out takes some time, and the flow tests at different intervals would take som time.

After testing the 2nd zone again, and then perforating and testing the 3rd zone on it’s own, a proper long term commingled test could be performed. This is assuming that the 3rd zone is also oil, and that the pressure differentials between the two zones are not too high. This the way to maximum production during the test.

If 3rd is gas, that will be isolated, and if both oil and differential pressure too high, choose the best zone fo the log test, and as Paul said, also put it in a pump to see even higher rates delivered.

A well free flowing from these depths has some serious friction and gravity to overcome to get to the surface. So with the free flowing so far I’d say it’s safe to say permeability doesn’t seem to be an issue.