RE: Txp13 Sep 2021 09:54
I mentioned Petrotal for the horizontal wells on land, but it’s kind of like a rig, since they are doing everything from one place. It makes sense for them, but it does cost a bit for the benefit. I didn’t mean it was a parallel to TXP, just what can be done. The water reducing passive inflow valves are very neat if you read about them. Petrotal is also a god example of how it can be commercial to produce something even though there massive amounts of water.
Petrotal is however very cheaply priced compared to production and very attractive like TXP, but I am completely out after locals have shut everything down twice for months and the government does not absolutely come in and crush them. Try that in Norway or the UK, or the US, swat teams would be blasting heads.
I don’t know how much trouble TXP will have establishing new pads, seems we have drilled a lot off of old pads in Ortoire up to now, and I believe new pads are not an issue in Trinidad, but if they ever were to be, we could drill some horizontals, they just cost a bit more.
XM is a very accomplished geologist, and very happy to have on the team for his knowledge and also that he likes to share info with us.
I’ll take another 10 bagger. I’m not sure what I would do with that much money, but I’d figure it out.