Member Info for Monkey_Junkey

I’d love to know how much of the rock is “crappy” and how much is better than crappy, cause if crappy flows well, better than crappy will flow even better ……. And it was still cleaning up when the test was stopped. And there wasn’t exactly a lack of pressure down there to put it mildly.

Ginmunger is the preacher, that was the best post I’ve read on any forum ever. Period. I am weak, and a sinner.

Sit on your hands and let the great business take care of things for you.

Soooooo ready to do that, but also want Royston to come in like a dog in heat, it aches in my bones, I need the fix from Doctor Paul and Doctor Moonan.

Doctor Doctor give me the NEWS!

I doubt it will take weeks to analyze the pressure data. I also expect it to be unbounded, but only the pressure curve knows the answer to that right now. For Cascadura I think PAUL said a week to analyze the data, and if you want to use this for reserves reporting it is likely looked at by a 3rd party.

None of this matters anyways, let’s just have the results, awfully tired of waiting now.

Some pressure tests can be longer than 2 weeks as well, up to say 4 weeks. Then you have to retrieve the pressure logger, download the data, and then interpret the data.

KABOOOOOOOOOOOOOOOOM

just practicing ……

Yup and double Yup Yup

The “fees” vs the value of Manatee must be considered in your arguments. I think Shell knows what they are doing, and by throwing up some numbers with many zeros, the locals will be happy, not understanding that some zeros that could have been there are misssing.

The energy minister understands they have to be competitive on taxes and fees in order to get investment, or Trinidad is going to be stuck with stranded assets in the longer term future. It’s that simple really. He job now is to make the other lawmakers understand this so they can do something about it.

Can only be positive for TXP.

Minister Young gets it, Minister Young has his head screwed on straight.

His predecessors have done a lot to ruin the potential for Trinidad and it’s citizens. Minister Young is taking the steps necessary to encourage foreign investment by lowering or removing the extra taxes which force oil and gas companies to choose other areas for investment. Smart man.

The pressure loggers uses before by TXP were stand alone units with no connection to surface. It is possible to have connections to the surface, it’s more complicated, costly, and in this case completely unnecessary.

The pressure slogger is probably run down on wireline or slick line (just a cable, no electrical wires inside) and dropped off around the perforated zone. The wireline or slick line is then removed from the well and the well is shut in. There will be pressure recording at surface as well. After a couple weeks or a moth or whatever they determine the length of the test should be, they run the wireline, or slick line in again and retrieve the pressure logger. Then they download the data from the logger, or hard wired memory chips on the pressure recorder and analyze the graph of the pressure build up.

The pressure response downhole is a better set of data than the surface pressure data due to the vertical column of fluid in the well. This is why they don’t just shut in and measure pressure at the well head.

Wireline or slick line is fast, it’s cheap, and it’s easy.

Touchstone operates in a very simple way compared to what is possible and you see offshore. It is much cheaper to do it this way, and you can take the simple solutions when you are not paying rig rates of up to several hundred thousand dollars a day trying to drill very fancy wells with very fancy solutions.

For the logging, you have MWD (measurement while drilling), LWD (logging while drilling), and then wireline logging after drilling in open holes (preferred) or cased holes (Coho or Cascadura was done this way because they wanted to get the well cased before they lost it and then had to log after casing - sorry don’t remember which one it was at the moment).

The suit of wireline logging tools available is amazing. Some are very expensive, and likely not even considered for use by TXP. Some are very cheap basic services that still give a lot of information.

So google wireline, slickline, MWD, and LWD if you want to learn more. If you want more than that google directional drilling, hopefully TXP will doing a bit of that in the future.

Mbarnholdt - when I understood that TXP was going to drill a 4 well “exploration” program, which was actually twinning old wells where they had the well logs because an old geologist gave them to Touchstone and sat down with the team to talk about what was done way back when I got very interested. These logs were not part of the public record. The part about them probably using heavy mud back then was also considered. I did pay attention to the surrounding fields, and you don’t have to be a rocket scientist to see the obvious trends. All this combined with the well costs and pipelines already in place made this a no brainer risk reward scenario from my perspective. With a dismal exploration track record the last 10 years at least in the North Sea and massive costs for drilling wells (can be 100 times more than a legacy well), TXP was my chance to become a little Oil Barron and I went in hard, real hard. Only bad part was I chickened out a bit before Coho thinking what is we get a blowout, and I reduced from 0,5% of TXP to about 0,25%. This was risk reduction instead of YOLO, and the worst investment decision I have ever made. To be honest I did not expect this to be so successful, I don’t think anyone did, not even internally in TXP, but it was a very good risk reward ratio in the category of junior exploration risk.

Paul said once that you are going to hit hydrocarbons wherever you drill in Trinidad, it’s just a question of whether they are commercial or not.

Many people have asked me what the stock price will be if Royston hits, and I have no idea. The market in general has not been able to understand the potential, or at least not pay for it. I can only think that the market will not be able to withstand not pricing the company correctly when the production is flowing and the numbers are looking very big on the quarterly statements. So, the direction is up, even without Royston, even more so with, and that’s all that really matters.

My background over 25 years in oil and gas, in logging, and date management (well data), and exploration / geophysics all contributed to me being able to se this opportunity screaming at me. I’m not a genius, I just had the right background, and stumbled upon TXP at the right time, and managed to put the two things together. Coming off the back of another hit in an oil junior offshore in Africa where the ducks were also quite lined up, this has changed my life.

I don’t know anything about medical studies, or biotech, and never come close to investing in them. This is why I ride people on here sometimes to read more about how oil and gas works, and try to correct statements that are wrong so other people don’t learn things that are wrong, It never hurts to know more, and if you’re already smart enough to be here looking at TXP, you’re smart enough to grasp the basics of oil and gas with a little study.

Mickey2 - I’m not at all happy about the delays, or the way the reasons weren’t communicated in a better way. Actually quite ****ed off about it a long time to be honest. But I suppose Paul has to be careful who’s toes he steps on in a public statement because it could do more harm than good. The mail response from Paul said it quite clearly what happened, and we know now that everything is in motion. At least Cascadura doesn’t have the same involvement of Shell, so anyone’s fears of a repeat aren’t really justified.

If we don’t end up having to raise any capital, COHO will not have materially mattered much, if we do because we are lacking that cash flow it’s a bitter pill to swallow, but at the same time a part of being so small. Being small is something that is rapidly changing moving forward, and I personally look forward to not going around thinking constantly what the outcome of Royston will be. If Royston goes well, my stress level will drop 50x. I got in mostly from 0,20 to 0,30 cad, and screwed up a little my not sitting on my hands when I had 0,5% of the whole thing, but I still have a lot, and it’s definitely life changing already, but god I can’t wait for this Royston news, the suspense is driving me CRAZY !!!

Coho - the pipeline in under construction, the well facilities are in place, and all the paperwork for going into production is in place, so besides completing the pipeline and hooking up both ends and the final testing of everything, Coho production is right around the corner. There is no other way to look at it, not an if, but a when, and that when is coming up quickly.

We know why Coho took a long time, it was beyond TXP’s control, and was probably used as leverage by Shell for something in return.

So Mickey2, drop that kind of nonsense commenting about Coho. You know very well when it’s going to be online now, and you know why it’s been delayed.

Exactly …… Oil AND Gas emoji’s where the Royston oil was known, but the gas isn’t known yet, or maybe it is

With well logs looking very similar to Cascadura according to Paul (and not similar to Chinook), we can have a high confidence that what we will find here is gas, and probably wet gas.

The porosity is not as good (on the well logs) as Cascadura which was really really good, but good in a way like average for what we would expect at this depth, which is more than good enough. So now we just need to see how well it flows.

Oil and Gas. Oil and Gas.

Maybe Xavier just likes to use emoji’s in general, and all of this pure coincidence.

Paul has moved the clouds over the pad once again to keep the prying satellite eyes away, and we are left wondering if we indeed did see a flare or reflection from the sun, or was it a bird, or a plane, or the new bisexual Superman.

The input to my Enigma machine was

Barrel =

Oil =

The answer returned was

Barrel = Oil

Fire = Gas

I mistyped oil barrel = oil in the previous post. A barrel could hold many other types of liquid, including water.

Maybe if you read the next tweet with the oil barrel and the fire in the header and then read the title of the link below it and then understand that (oil barrel = oil) and (fire = gas) by substitution.

Now insert the emoji’s into the Royston tweet and it becomes ROYSTON-1 OIL GAS

Using a barrel and fire emoji on tweet(s) about an oil and gas company would never be considered insider information, and one would be absolutely crazy to base trades on an emoji or lack of emoji’s in social media, and even crazier to try to make some kind of insider information case out of emoji use. That being said, Xavier has done nothing wrong tweeting the links to these articles, and I very much appreciate the information he links to often.

Xavier might be giving us a wink here because I bet he is just as excited or even more excited about the results of this well as we are, and he hasn’t posted anything illegal or inappropriate by doing so.

TXP is a Cash Mining company. We’re just building the mine, and not yet down to the pay yet, but it’s coming, we are getting very close.

MT, what about 6 discoveries from 5 drills?

I consider Chinook a hit until it is not from updip drilling, or at least COS so high that we have to write it in as a hit for now.

So, that makes the exploration program so far 5 for 5, and if Royston main targets come in we can say 6 for 5 actually, or that the oil discovery was #6 of 5 targets as pure opportunistic exploration..

I have never heard of an exploration program with such a success rate, ever, anywhere.

Up here in the North Sea, it seems that the commercial discovery rate of exploration wells is less than 10% the past decade or so.

Here is a link to an article that has a panning video of the Cascadura ST1 flare with sound at night. It’s beautiful, and shows the colors and light cast by a massive flare.

https://www.share-talk.com/touchstone-explrtn-tsxlontxp-cascadura-1st1-well-gas-discovery/