Member Info for Monkey_Junkey

Well, by the pictures it seems things are moving along again after a longer period of WTF. Still no news on Chinook, but every day is a day closer.

The Energy Minister in Trinidad has taken TXP into his strategy to look good, and this is good for us to help move things faster.

Royston rig is being assembled as we speak, spud very soon

Super rig is on the boat and soon arriving in Trinidad

Chinook testing results will come very shortly

Next thing we are waiting on is pictures of the Coho pipeline being welded together ..... and buried, or above ground or whatever they do with the pipelines in Trinidad.

No reason what so ever to hold a short unless you think Royston is going to have a catastrophic blow out. They used to happen quite often before, but not that much in modern drilling. Lots of good sensor technology to show problems occurring before they reach the surface so you can get everything set to handle the kick and get it all balanced again. Shorting here is very little to gain, and potentially quite a large quick loss. Notice how the bear crowd has been very silent lately.

When we get the Coho pipeline pic, the whole train will be back on the rails, and we chug away back towards much higher share prices where it deserves to be.

Do you have a link to a video of the rig?

Paul has said they wouldn’t go to 3 rigs, or the operations guy would kill him.

You mean Xavier in front of the old Royston well with Riga parts on a seminar truck trailer with a big mobile crane behind it.

RIG IS ARRIVING AT ROYSTON !!!

Tick Tock Shorters, you really sitting a on bomb you really should disarm before it blows you into space like a billionaire. But unlike the billionaire, you’ll be a broke *** trembling sack of meat in a state of shock. You’re new nickname will be Poor Fella.

That’s an old picture of the well pad, would be nice with a newer picture, hopefully one will come soon with the big rig standing tall and proud on it ready to grab the monster by tail.

Coho, Cascadura, and Chinook are all in the Bush. Legacy oil is in the hand. Getting an agreement about Coho and the first pipe in the ground after such massive delay is so worthy of an RNS it’s hard to express in words. An RNS with pictures, several picture of the work actually happening. Will go a long ways to restoring confidence here. Maybe everyone should send a mail demanding exactly this.

R a c I s t was bleeped out

A bird in the hand is better than two in the bush

I don’t write to please anyone. You mis-interpreted what I wrote and took it out of context by trying to associate it as something ******, which it was not, so that’s your issue, not mine. Like the news media when they clip sound bites to completely change the meaning of what someone said to fit their agenda. It’s a bad practice.

I have 5 half black grand children by the way, so you can see how far up the creek you can shove that paddle.

I’m referring to road construction (very basic as well, not the Autobahn, and not very long), pad construction for drill rigs and concrete work here, the Coho topside facilities is a tiny tiny little spec of a thing on a skid and some small tanks, took them months and months to even get it roughly built, took further weeks and weeks to get it painted, then they moved it to sight and took pictures with a bunch of trash around, and the covers off hookup points on the tanks (if they even had covers) and posted it on Twitter like look what we accomplished. I almost went through the roof and had to really restrain myself from not sending a disgusting email that no one would have liked to receive. Up here we could knock out that skid and tanks in a week easy if it had to go fast. If it was a normal job say 3 weeks once the design was done and signed off.

But up here, we have very professional suppliers of engineering, material, machining, fabrication, welding, surface treatment, trucking with nice cranes, and project management. Norway lives off efficiency, otherwise it could never compete with exporting anything because the wages are quite high here for skilled labor. But even though hourly rates are high, they work fast, the quality is very high. The quality of construction work done up here is also very high, and we have a lot of nice construction equipment. It’s easy to be spoiled I guess.

What it looks like down there is they have small companies with little equipment, and not much pressure to get switched out with different suppliers because there aren’t any other suppliers, or somebodies got some friends in the right places so they aren’t worried about it.

Once we get into the bigger production equpiment I imagine most of it will be built outside Trinidad and shipped in which will help.

Will be interesting to travel down there one day to see what it´s like.

When you fund something, performance is key. It’s completely natural to expect timely execution, and to be very ****ed off when things slide out as far as they have.

He did mention something a long time ago about lawyers have to review each RNS etc etc ..... so get the feeling he doesn’t like to do them so much. But there probably is some cost to it, maybe someone in her knows much that is?

Other than that he’s not a ramping salesman CEO either, he has a plan moving forward, and sees delays as a natural thing. I personally would like to see more information about things now. Later on when we get to more standard production we won’t be hanging on every detail, and Paul’s RNS strategy will be fine. It’s just right now when we feel that every little thing will move the bar we want so much detail. Paul knows these things will happen. When we don’t hear anything or get delays, some people freak out and sell thinking it will never happen at all.

There is an issue with the way construction projects are being completed in Trinidad. Just don’t know if it’s Paul’s fault (he just has to go on what his technical team tells him - so can’t blame him so much, but maybe he could push harder and release funds for earlier starts (if systematic local delay culture is issue)), the technical team overseeing the construction should definitely be held accountable for delays no matter where they are coming from because they need to start earlier or find different suppliers or more suppliers in parallel to deliver on time, or is suppliers promising things and then not delivering anything close to what they said, or maybe it’s simply the working culture overall down there is so bad that nobody gives a f, and they all take it all at a snails pace regardless.

I have heard a bit about Trinidad from Offshore colleagues, and while not as bad as some places, it’s certainly not what we are used to up here. You would think with 100 years of oil production they would have a decent equipment and knowledge base for these construction projects as well as supply chains in order.

I think you can see from NCG’s issues there is a cultural problem of not solving issues before they arise. It’s tragic to see they shut down Train 1, because ohhh no, we don’t have any gas for it. Well, exactly what they need for Train 1 can be delivered from TXP in very short order, it’s already been discovered, production wells are in place and more will come rapidly.

So why isn’t pipe ordered, facilities ordered (can always scale up), and pipe being put in the ground yesterday. They are reacting to a problem instead of proactively preventing a problem. That’s the big difference between the major western strong countries and the “developing” countries. There’s a reason why the very developed countries are that way, and there is always the upside that Trinidad can improve. Let’s hope we get through this year without any more significant delays and get down to the production side of things turning assets in the ground into cash in the bank and dividends to those of us who are funding the whole thing. And when you fund something performa

You seem to think it has something to do with color, which is your own small mindedness. It has nothing to do with color, but rather the level of organization and getting things done in a timely manner that certain groups tend to excel at and others are not so good at. Monkeys are loosely organized is the point. You are so busy trying to be politically correct that you don’t read the words, you inject your own meanings and assume it is somehow meant to offend you, because everyone in the world today loves to be offended.

But anyways, to further your education, in addition to the posts I write here involving technical aspects of the oil and gas business, you can read about the various colors of monkeys since you seem to think the word monkey has to with a specific color.

https://www.google.no/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiGgtW10O7xAhVsk4sKHZDdBLMQFjAYegQIAxAD&url=https%3A%2F%2Fwww.quora.com%2FWhat-is-the-most-common-color-of-monkeys&usg=AOvVaw1L_qe-kNTrGDKbRIyTIbiN

MPPOTUS - 30 days? Remember when China built that massive hospital in 7 days? Not monkeys.

China - builds really fast and then it falls apart later maybe. Work like ants or bees with strong leadership and low emphasis on laziness or personal agendas.

West - uses a bit longer, but build quality is much better. Is a good mix of individual goals and societal goals.

Monkeys - either can’t get things done, or get them done slowly. Lots of infighting and deals done based on which monkey grunts to which monkey, lots of corruption and you pick the lice off my back, I pick the lice off yours (and eat it). The group as a whole puts more individual emphasis on sitting back eating bananas than trying to work hard and fast to increase the welfare of the entire group. Tends to get help from the West or from China to get things done.

NGC takes all the gas now, they would then sell it to Shell instead of us, which was the original plan or agreement with Shell before NGC came into the picture. This is why Coho should have been kept out of the agreement. We had already purchased the pipe as well (but now NGC has to pay for the pipe as well as laying it). Somewhere along the line Shell got ****ed off by the NGC, or had intentions of ****ing with TXP all along, or is now using this a political tool for leverage. I’m sure the story is a good one, but Paul doesn’t like to air politics in the public space (smart), so we’ll likely never hear what he really thinks about it, and what the nitty gritty details of the issue are. I would just chalk it down to the island being full of monkeys, but I can’t say that in the world today as someone somewhere might be offended.

Well, if Paul doesn’t want to bother with IR, the energy minister is there to pick up the slack. Could be worse.

Maybe Paul is just really busy whipping people to get things done. Let’s hope that’s the case.

I would sure love to see a picture of a pipeline being put in the ground or a liquification spread on site at Coho.

Lol, both posted same minute .....

The rig being shipped is not the rig being used on Royston. Royston rig is likely being moved and set up as we speak. The rig being shipped will first do 4 wells on legacy property this fall (they go fast), and this rig can rig up and down very fast with telescoping Derrick making it very suitable to do quick wells. I think it will rig in like half the time as the other rigs there were using before. This rig can also drill deep, and so will be used for Ortoire exploration and production as well next year. So we will have two rigs drilling simultaneously next year. Paul said he would like to see 3, but that the operations manager would likely kill him. That day will come too, but organization needs to grow heads first.

This rig should be all ready to go in September, sailing and port will probably take 2 weeks.

They should have been putting pipe in the ground a year ago, and a bunch of facilities for Cascadura should have already been ordered. You can always scale up with extra capacity with a ****ing wall of cash coming in, but now we just sit with stranded assets.

Chinook is right next to Cascadura, and so obvious pipeline. Coho is the problem with Shell, so if going the other way is quite a bit longer, and with the volumes there would make sense for handling on site.

Coho was, after all, discovered, tested and TXP had arranged pipeline route and hookup with Shell BEFORE the NCG was involved at all! The pipe lying in a pile on the ground was ordered and paid for by TXP, not NGC, they weren’t in the picture at all. Perhaps NGC should quickly un-involve themselves because the only thing that has happened once they became involved at Coho is nothing. Coho was, and should have remained a separate development compared to the rest of the block, which is fine because NGC owns those pipelines.