Member Info for Monkey_Junkey

For me the most interesting part was the geochemical analysis which shows that Royston oil is spot on the same as cretaceous Guyana oil.

This is as interesting as the initial 4 well drilling program om Ortoire twinning old wells with HC shows on a fairway, which is the reason I went in hard to begin with.

The risk reward TXP provides is even better now than it ever was. This is huge news which most of the market will not be able to understand the technical significance of.

I’ll be pleased when the NGC gets the pipeline for Cascadura completed. Minister Young should have his foot so far up their asses for both the approval and construction that neither of them can walk straight.

The discovery was a couple years ago and so much work could have been done on the ground already, earning way more money for everyone sooner, had the government, Mimister Young, and TXP been more proactive in getting the ball rolling immediately instead of dicking around.

So Minister Young can be pleased all he wants, but the reality of the situation is that the government has dropped the ball costing them precious and massive revenues with unnecessary incompetence and delays. Seems to be a recurring theme in Trinidad.

Maybe it’s time Trinidad change the clock from fluid time to get the f’ing paperwork and pipelines done time.

I know which company is digging the trench, and have seen pictures of similar trenches they have dug for pipelines of a similar diameter. It’s very small, shallow, and very simple pipe handling Only way they won’t get this finished on time is if they don’t show up for work.

I also know who is making the separators in Canada.

Not going to share the details, hope no one is offended by that.

4% of the whole area because you only have one data point. You still need to verify through drilling more wells what the extents of your hydrocarbon pool really are before you can book them as reserves. You will see the reserves for all TXP properties at Ortoire going up each year.

You can’t drill one well and say “We definitely know we have 100 million Barrels recoverable now from this one little 6 inch hole in a formation thousands of feet underground that is 7k long and 2 km wide.”

This is why TXP is talking about it looking very similar to Penal Barrackpore in size and geological characteristics, and it’s right next door. So, yes, everyone thinks there will be over 100 million barrels recoverable from Royston, but the independent engineers cannot “book” the reserves until they have more information. They are very very conservative, and reports like this can be used to get loans from banks, so no guessing or speculation.

The 4% is of the WHOLE formation, and 4% is a lot more conservative than most of us envisioned, expect this to rise substantially with the next wells. It probably didn’t help either that the EWT is being done with a long section of junk pipe and spent guns stuck in the well ….. which affect the flow rates.

I think Paul has hit the water cut nail many times and explained it to the point that people either get it or they never will no matter how much explanation they receive. It’s not an issue for the commerciality of Royston.

Maybe you could google reservoir engineering and read a bit …….

Well, they have started on the Coho pipeline again, and so it is going into Shell territory as we speak. The paperwork is approved, now it’s just the mechanical link as you say, which should be the hardest part of building something, but often times is actually the easiest part of building something compared to getting planning permission and other ridiculous approvals.

Might be finished well ahead of May “deadline”. The weather is good as well …………. And we’re in good weather season.

POO @ 114 this morning ……. Bring it on!

They have drilled “combo” wells before in legacy, and in Ortoire, so I expect them to do it again, it makes perfect sense. And yes, it has been done in the legacy, some years ago. I don’t remember which well(s) it was in, but I am 110% certain it was done.

Should have never stopped the rig from drilling, just kept at it continuously.

We deserve a break, and for Paul to got on an airplane with enough clothes for the rest of the year.

Trinidad culture is face to face - get face to face. There is no Covid excuse anymore. Ship needs a captain on board, not on land.

9 inches

It’s in the last Q&A video.

Paul said Shell is messing about on a 1200 page document that needs to be signed for final tie in.

My dream is to get really rich, and hit the pipe. Like Hunter Biden ……..

Well, Paul could certainly do a better job of highlighting the value here for the markets to understand, since he himself understands the market doesn’t understand, but he seems not care what the share price is at any point in time.

Where is the geology presentation we were supposed to get from Xavier?

We don’t need a pumper CEO, but Paul is definitely not putting much energy into telling us everything we want to know ……

He should also be living in a Trinidad now until Cascadura is online. The island where as he himself says it’s much easier to get things done face to face.

What is Cascadura Deep?

Drilling exploration that becomes production anyways no matter the outcome is what TXP has done before, so you should totally expect that this is the plan.

Well, for news, you can consider that Royston is commercial, no if’s, and’s, or but’s. It’s commercial. The news isn’t out there yet, and in this, no news means continued testing, which means we are getting a commercial quantity of oil to surface, no matter what ratios may be inside the trucks. The trucks, the trucks the trucks.

Paul did elude to separation volumes on site, so they might be separating and trucking, but they also have facilities elsewhere to do the separating as well if they need to or desire to.

Couldn’t pick a better time to do an extttttttttended well test and sell the oil. I wonder really how long we can extend it? Can we extend it all the way into pipeline production? When does the test really really have to stop by law?

Paul clearly said in the last video that Royston will be included in the reserves report. Very clearly.

Now, Scott is a bit older than most of us, like he could be my dad easy, and I’m old, so to be honest, good on Scott for even investing in companies like TXP, and I won’t jump on him for missing those details.

TXP is actually free to do an updated reserves report whenever they want, but it costs money, and takes time. They do have to submit once a year for the previous year, and before end of March. I seriously doubt this will be late, and they also probably do several companies reports as well, so they are a well oiled machine, and know how to meet deadlines, like accountants during tax season.

Let’s hope the price remains low so we can buy more as funds become available.

But you do know that moves comes very suddenly and without warning sometimes.

And one idiot named Smasher