Member Info for Monkey_Junkey

So we can top up easier …… that’s what I’ve been doing anyways.

10 or 11 would make the sun pretty high, and expect more lighting up and reflection of whole pad and around the entire edge of the pool. Was thinking it would have to be early morning for the trees to be cutting off light so much light, and the clouds look kind of,small and thin, but maybe it’s a cloud shading the other part so well?

Anyways, we will find out in a few days if they RNS after initial flow test before pressure build up.

Time to top up as we are falling back down towards levels before the successful and very interesting first Royston test.

Quite early because trees and or clouds block out the sun to the rest of the well pad making it dark.

****ing spell checker destroyer of sentences ….

Bernieman, have you ever noticed that flares are kept as far away as possible from all surrounding stuff, whether it’s offshore, or on land, you put it in a safe place, and that place is certainly not right next to a wellhead, or derrick as you are suggesting.

I can see the reflection angle, the sun might be at just the right elevation to make this effect happen, clouds helping out, but at the same time, it’s does appear glowing out from what would be a logical position for the flare next to the pool (like we have seen on other well pads too). Only part of the plastic is reflecting light be it light from the flare or the sun, is it the sun’s position, or is it the angle of the southern plastic is sloping away from the satellite camera? Who knows, but certainly an interesting image,

Is there a time stamp on the picture, I didn’t find one? Would help with the sun angle. Sun rises in the east, and sets in the west, so it must be early morning sun in the east for the reflection to be like this off the pool plastic, and Quitos earls because tres and or clouns couture out the sun to the rest of the well pad making it dark.

If you can’t sleep after seeing the flare, read this about gas flow testing.

https://www.google.no/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiOpL-i_5j0AhWKjosKHdP9B90QFnoECAUQAQ&url=https%3A%2F%2Fpetrowiki.spe.org%2FFlow-after-flow_tests_for_gas_wells&usg=AOvVaw29xQTwYmvFlKtKdVZc9vdx

There looks to be a small cloud over the pad, so this would light up diffuse from a flare, and the double picture posted looks like there is also reflection from the white plastic around the pool, which would reinforce that effect as well.

I will vote that it looks like a flare. A blowout and fire would mean failure of a couple barriers, and loss of control, something that is much more likely during drilling than during testing, but of course not saying that it can’t happen.

One thing for certain, is it’s not a bunch of water that’s shooting out of the ground there, so kaboom, Banda boom unless it’s all gone really really wrong, it gone really really right !!!

If we have 100ft. drilled of this formation that is from 10,600 to 10,700 ft. I know it’s TD and not TVD, but the two numbers will be close enough.

If the average depth of the formation is at 10,000 ft, that means we had oil at 10,700 ft, and the formation top on average is 10,000 ft, which means we have 700 ft up to the average top of the formation over a wide area, and we had an oil discovery, with only a tiny amount of water 700ft. down from the average top.

So we are potentially sitting on a massive high pressure oil filled pool 700ft. thick and very wide and very long, or maybe there is gas on top of the oil, but from the test so far was very little water even so far down, and down can be a lot more down as well, just need to drill it to find out.

Fantastic start to the weekend!

From another forum, a question to Xavier to which he respondere, hope this link will work, but if not:

Question to Xavier:
Picture of Test 1 from the presentation - “what’s average depth on intermediate sheet?”

Xavier replied:
“Around 10,000 ft”

Question to Xavier:
“Huh so it’s massive deep pool?”

Xavier replied:
“Yup”

Wonder why Paul was so excited ……

https://shareville-media.s3.amazonaws.com/streams/1636549168-image.png

TXP has hundreds of wells producing down to 1 barrel a day and even regular swabbing. Maybe this has to do with the the differential to TRIN if they have a smaller number of wells producing more bopd per well on average?

I don’t remember exactly, but Paul maybe said like half of production was hedged?

I think oil companies typically hedge a certain percentage that works out well with the numbers they want to risk or be safe but still leaves them some upside potential. They don’t hedge the entire production.

I don’t reside in Canada.

Maybe someone can explain to me why they get no quote or no trade when trying to buy on AIM? There should always be shares available in the book. It might not be the price you want to pay, but the shares are there, so why would you not be able to receive a quote from what is available in the book?

I’m only in Toronto. Can’t hit AIM from my online broker, but wouldn’t want to anyways. Seems to be a manual and very fishy system of snakes there. I have never not been able to buy or sell in Toronto. You have the book on both sides, stock is always available, and the book is based on real orders from real people.

I also don’t understand why people bother so much about buys and sells. There is always a buyer and a seller, sometimes you buy the ask, other times you maybe wanna try a bit lower and sit on a bid. Same for selling. The spreads are usually very small, and if you have lvl 2 you can run some volume at times. Sometimes there are hidden orders. All in all a lot of energy people use on something that doesn’t really matter unless your trading floor is packed with snakes that play games with you.

I wish TXP were not on the AIM, and hope they will delist there in the future.

Chinook is in no way written off in line with ….. the off didn’t make it to the post.

Scott22 - the short term traders cause a lot of swinging that can discourage potentially long term holders that are newer in the game that don’t understand how it all works. TXP is such a good case, with a clear path to seriously high potential reward and low risk, that it’s a very good place for newer investors to park some of their hard earned money long term. I for one have several friends and family in TXP, and there are not many stocks if any that I would recommend to anyone. News traders can go play somewhere else.

Coho pipeline - expected completed Q1 2022 - started mid October - 60 days - Christmas holidays, COVID issues, has to be constructed and tested and commissioned for operation into Shell’s existing facility. I think it’s only natural to guide Q1, and getting all this done in 2.5 months before the end of the year with christmas and COVID isn’t very realistic. By Q1 I imagine they mean closer to 1 Jan then 31st March.

WD-4 - Hit a gas pocket and got stuck - these things happen, it’s not uncommon to either hit a high pressure gas pocket, get stuck, or both. There are many different types of sticking, and they didn’t say exactly what occurred here, but one can google stuck pipe if you want to learn more about it. Could be some form of differential sticking, collapsed formation, who know, but we don’t need to care. They tried to pull it, couldn’t get it, so they cut the drill string and side tracked further up a made a successful well out of it. These wells are sooooooo cheap it’s not even worth thinking about it. Offshore things like this are much more painful due to the high cost of the drilling rig day rates.

Cascadura - TXP still jumping through the paperwork hoops of joy. Things take time when every Tom Dick and Harry are allowed to be heard. What Paul has said before, and this is very important, TXP is only dealing with the top side facilities at the well site, and the additional well pads. NGC is dealing with the pipeline, and this is a separate paperwork exercise. Our paperwork will makes things go much faster when it’s done as it covers all that we want to do. Paul has said that NGC will have the pipeline completed before TXP is done with the paperwork and completing the top side facilities, so really this is on us to go as fast as possible.

Chinook - the Cruse formation tested here only had a pressure of 200 psi. One might have thought that was a typo and should have been 2000 psi, but it wasn’t and as such, there is nothing commercial in the Cruse gas right here. Cascadura is 4000 psi, so 20 times more pressure and gas volume per m3 than here, says a bit. The very positive reinforcing signal here though is that Chinook is in no way written in line with what many of us technical people have tried to convey in here. The updip drilling locations are on the presentation, there is every reason to drill here, and in my opinion a high chance of hitting commercial oil. We just have to hope for a nice deep oil water contact. The high pressure water coming in from the bottom here will be like a natural enhanced oil recovery injection from below, for free.

The guys that only last two minutes in a position will likely be leaving shortly, so bye bye. Come back when you learn to read and would like to sit in a long term fundamentally sound position of ownership. Your in and out trading does none of us long term holder nor the company any good, so don’t let the door hit you on the way out, and don’t come back for a quickie

Pick - my position timing and building at 0.15 to 0.30 cad interval was what I would call impeccable. It was based on fundamentals and risk reward, not momentum trading on news flow.

So, you weren’t hiding under a rock, you just simply weren’t here or paying attention, and are only here for a short term trade and will then go and jump on something else.

Do us all a favor and don’t come in here spouting off “facts” that are false because you haven’t done your homework, and are only based on your assumptions. We have two very good boards for TXP full of facts and long term holders, and we were doing just fine before you came and will continue to do so after you leave again.

If you bother to do your homework, you will see that sticking around for the fundamentals and the day that someone wants to buy the whole company isn’t a bad idea. Personally I hope for massive dividend yields for years to come, but have a feeling someone will come and try to take the whole thing.

Malbrad - the flow test STRING was optimized for gas. The flow test would have been better ad the flow test STRING had been optimize for oil.

You are confusing a well with a flow test STRING or production STRING. Your point 1 is incorrect.

Point 2 - as texting is moving upwards anyways, and it’s difficult to produce from further down again after plugging it is only natural that this first Royston well will be produced from the last zone tested, whatever fluid that may be. The production STRING will then be optimized for producing that fluid.

Cascadura 1 well does not have a large enough diameter to produce all we would want to from the well, or what the formation could provide. It is typical to have smaller diameters on exploration wells because it is cheaper, but if it is planned for production, the diameters will be bigger. And biggest for gas to accommodate larger production tubing. So, TXP are likely planning production from these wells at the start anyways, and the diameter chosen here will be large enough for gas production, which will easily enough accommodate an oil production STRING if one so desires.

Re-read the RNS about the flow test. Google production string and look at the pictures. You may also want to google multi zone completion strings

Width and depth of the bucket on the excavator

Don’t know what happened there, spell check changed bucket to ****er maybe?

I hate spell check

Pickuzawinnah, maybe you live under a rock somewhere, but the rest of us have seen the picture of the excavator start the digging for the Coho pipeline. This was posted on Twitter. The COHO pipeline IS UNDER CONSTRUCTION.

I’ve also seen a picture of a similar sized pipeline being installed by the very same excavator and I have to tell you, the ditch isn’t very wide, and it isn’t very deep (this has not been seen by everyone, maybe only me?). The access around isn’t very wide either, and so I see it as entirely possible that this pipeline gets built in 60 days. It’s much less excavation than what you see outside your house when they are working on the pipes in the street. Trench, layout pipe, weld it together, pressured test, shift pipe into trench, pressure test, fill in trench. The trench itself is basically the width and depth of the ****er on the excavator. Will be super fast to dig and fill.

The EIA will be getting leaned on pretty hard by the Energy Minister, they are desperate to get more gas online, so maybe we will be a bit fortunate here, and the red tape will be reduced a bit. ‘Help” from the ministry has also,been mentioned by the mail from Paul that was posted here not so many days ago.

While being firmly against raising and dilution, with the oil discovery at Royston, I would be highly in favor of raising a little bit at the current market price (not discounted - just you get to buy a chunk without running the price up carrot) to spin around quickly and drill to Krakken exploration from the current Royston pad, which after testing turns into an immediate oil to trucks producer from Royston until such a time that an oil pipeline is built rom Royston. In other words, fine with a small raise for almost immediate cash flow. This would be a tremendous move for us, but also requires that the well can be drilled from the Royston pad quickly without paperwork or construction delays.

The reserves update coming up is going to look massively different than last years version. This will certainly help to solidify the companies value for the market. Cash flow coming on top of this will make it impossible for the market to not price the company correctly.

Oh Mommy - Paul looks more excited than he did for the Cascadura discovery !

Fantastic that he is concentrating on the analysts so we can get the share price up to a level where it should be and help ward off any takeover bids. Should also be reaching to any industrial investors that want to talk with him so we can some more serious long term holding on our side.

Wonderful day for all us long term holders, CHEERS !