Member Info for Monkey_Junkey

I reckon it’ll take about 12 years, and the production facilities will have rusted away by then due to lack of maintenance, so we will need to build new ones and ship them down from Canada again. By this time Coho may be online, and the legacy production will be down to 99 bopd.

https://youtu.be/Fpu5a0Bl8eY

I went back and double checked the drone footage vs tower pics.

The tower is not even started in the drone footage, not even the footings. So, I think this drone footage is maybe even up to a month old. This is accounting for digging, concrete forms, pouring, curing at least a couple weeks for proper strength, and then construction of the tower itself.

The tower sits directly between the well and the storage tanks / processing facility.

Tease with something more recent Xavier …….. and Touchstone.

Anything to improve the cash flow Gamflin, just keep it away from our employees and subcontractors, they have more important things to do for the next few years.

We do have some land area around the wells that needs to be greened up a bit …….. should grow like crazy in that climate.

Xavier was the only one in the office, everyone else was at the beach with the subcontractors.

We need more Xavier’s. We should probably just hire his entire family.

John2727 - I think you are way off with the lifestyle comment. The board is bigger than it needs to be, but Paul is not running the company as a lifestyle company. These depend on capital raises from shareholders, and use all funds generated in general to pay salaries.

Touchstone will throw off significant cash, but the delays in getting the production online are very frustrating, so Paul needs to make changes to the organization to make sure we don’t go down these roads again with other construction projects.

He may or may not have already made adjustments with employees and or subcontractors, but he hasn’t told us about them, and he hasn’t given us any detail on what the delays have been caused by. He would look a lot better if he would share the details about what has happened and what he has done to correct it, if he has done anything that is.

The second test was perforated over an interval that was too long (deep), so they got more water. They were thinking it was gas, and so this is why it was perforated this way. Had they been thinking oil, they would have been more careful and perforated a shorter interval higher up.

A lot of people are saying negative things about Royston. I’m not negative to Royston at all.

I’m not happy about the stuck pipe in the hole and really wonder what they tried in terms of fishing it, and what the root cause is, but these things happen all over the world everyday, completely normal.

The drilling and geology which are the core of the business seem to be quite satisfactory in TXP.

My main issue at the moment is construction / infrastructure project management that is not functioning well at all, and want very much to see changes to the organization to help solve the types of issues moving forward. The easiest problem to fix in an oil company. We already the the difficult core competencies covered.

Doesn’t matter what they drill at Royston, the knuckleheads will leave thousands of feet of junk tubing in the wells, so they will never be able to produce properly. These guys just screw things up one after another, like the packages falling off a conveyor belt at an Amazon fulfillment center.

We’ve given up on the idea that Coho will ever be online.

Don’t even know why we’re sending equipment down to Trinidad, we should just sell it to someone that can use it in North America. Cascadura won’t be online for a few years at least, so should wait to build the production equipment until after the Cascadura pipeline is completed (if it ever gets completed at all).

One would have to look far and wide to find an oil company which displays more incompetence for completing small simple production projects. The only exception to this may be the NGC itself which has demomstrated extreme levels of incompetance. Paul would classify it as World Class.

The point was Scott is an older fellow with 6 million dollars. I can’t in my wildest dreams understand how he feels like not having a stable income changes anything about his life unless he has a massive spending habit. Yachts and hookers, and blow will eat up fortunes quickly, but even then with 6 million you could go for year and years …..

Don’t take everything so seriously mbarnholdt. I also hope to have 6 million dollars one day, well done Scott! If you need any more kids, I’m up for adoption.

Scott - 112,000 shares of TXP is 2% of your portfolio, so 100% of your portfolio would be 6 million shares of TXP, or roughly 6 million pounds or dollars or whatever. I feel sorry for you that you don’t have any stable source of income to supplement this portfolio, and hope you will make it through life before running out of funds. The world is not fair, and it’s about time we take back what is rightfully ours from the privileged aliens that run the planet.

P.S. I’ve recovered from the last yacht party with hookers and blow, so let’s take the next one in Ibiza. Send the chopper over to Mallorca to pick me up when you get there. Wicked.

You pay day rates for the rig while moving it, setting it up, and rigging it down you know, so 6 months is 180 days left in the year, so easily achieving 120 days of those 180.

Even the guy giving the interview went slow, what’s wrong with these people?

Paul was swimming in BS by the end, politically correct BS. What he should have said is it’s extremely painful and slow to work with you people in Trinidad, and you should all be embarrassed of yourselves. All the talent in Trinidad ……. What a joke.

Norway takes 78% tax from the oil companies.

Trinidad tax may be high, but it’s not the highest, and it’s not risky like Africa, even though it feels like Africa when they can’t get anything done in a timely manner. If only one would look at what Trinidad and Africa have in common, one would find the answer to the delays and incompetence. I know the answer to the puzzle, but it’s so easy that everyone should get it without thinking too hard.

Whoever is managing the construction crews needs to be fired and replaced by an expat.

Has this happened, and if not when?

Who and when of the senior TXP management will be moving down to Trinidad to oversee operations on a permanent basis? If not permanent basis, a rolling position should be created.

Paul should also move to Trinidad until Cascadura is hooked up and producing.

LV1991 - how well is your trading strategy working out after today’s significant rise in Canada?

Are you really trading, or are you just actually gambling, and sometimes you get it right and sometimes you get it wrong?

I would say the latter.

But anyways, keep it up, you might not be on the train when Coho drops, or the EIA drops, and you will be left behind.

Has anyone written a book on how to make the Trinidadian employees and subcontractors work faster? We need to get a copy of this to Paul ASAP!

Where do you find information on the 50.5% blackjack technique?

Craps is near 50% if you play right. Blackjack is far worse, down towards 40%.

You don’t see many craps tables around, even though it is the most exciting game in a casino.

I like my odds on TXP, even though I get quite annoyed with the workers sometimes.

Been waiting so long for Coho, I don’t have the energy for anything more than a shrug and a soft Ya.

Cascadura should go quite different, but Coho has been a complete and utter embarrassment for every single person involved.

They is quite some detail on all three pipelines construction in the EIA attachments. I might do a little summary one day, but it’s there if anyone wants to see the drawings and construction requirements. Basically very simple to do, and shallow trenches.

There are also quite detailed plans for drilling the production wells.

I came across a bottle of Kraken Rum in the tax free last night. I don’t know what’s gonna happen on the Coho announcement, but I can sure tell you what’s gonna happen to that bottle on the Kraken announcement!