Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Stuff should start happening.
1. Royston 1-ST) had been completed and cased. It is being tested. (sub-thrust and intermediate). Results should be out within a few weeks.
2. Cadcadura field is set to come on line at 60 mmcf/day by end of June 2023 with optimization of first two wells to 90 mmcf/day by end of 2023.
3. Cascadura C pad is nearly complete and two development wells there should be drilled in Q3 or Q4 2023.. They will not come on-line until well into 2024 because a 1.5 km pipeline from C pad to the main cascadura facility has to be built and maybe some additions to the facility itself will be needed to ramp production to 200 mmcf/day by end of 2023.
4. On-shore bid results were due April 9. They are late, maybe arrive in next month or so.
5. They are waiting on approval of Rio Clara asset swap. Should happen by end of year.
Those things are pretty certain, as certain as can be in Trinidad. Importantly Cascadura field coming on line and ramping will create increased production and revenue quarter after quarter after quarter - and will accelerate developmentt drilling and further exploration drilling on Ortoire block and on any new blocks they get in bid round.
Other possibilities where sequence and timing is less certain include:
1. Several development wells at Royston if current tests are favorable. Probably Q4 2023 or Q1 2024. Royston oil wells can go onto immediate production further increasing production and revenue.
2. two Coora legacy wells late 2023 or sometime in 2024, one with a deep test for underlying Herera resource
3. Kraken cretaceous test (HUGE) probably Q1 or Q2 of 2024. As I said - HUGE.
4. Optimization of Coho 1 production once Shell can accept the gas (late 2023) - and maybe drilling a Coho development well to double production there. (Late 2024).
5. Some sequence of chinook up dip well, steelhead and guabine exploration wells (all on Ortoire block) , and as yet to be determined wells on Rio Clara block (once acquired) and also any new blocks acquired in on-shore bid round. Likely all that late 2024 or 2025.
That is a lot. Just saying. After a long stretch where Star Valley Rig was parked and nothing much happening except puhsing ahead on the Cascadura facility.
You are right. I have pretty much drifted away from participating on this board but I do read it and there are a lot of good posters here that I appreciate. The trouble with ignore is there are two sides to every rant and you can get the gist from the responses and hearing one side of the conversation. Anyway I should not have been triggered. I won’t again. I just hate to see a good board unravel - and that happens all the time. It has not happened here yet. It is kind of an exciting time period for TXP with lots of balls in the air and outcomes that could propel the shares higher - or sink them lower if disappointing. Best to all including DH.
If it (this advice) is good for the goose, it is good for the gander.
"... as long as you keep your personal stuff away from the bb as well - then I have no problem.
....I'll also gladly educate you of some of your technical ignorance(s) / mis-understandings"
"all I was doing was calling a prat a prat - so really don't see what is wrong with that?
It would be interesting to see if you were willing to state such insults to my face if we were to ever meet as opposed to behind your laptop?"
"You then attempt to "shame" me about name calling, ffs if a twat is a twat let's call it one, what's the big deal?"
"Why don't you just apologise for being rude then I'm sure I can guide you in a more friendly way when you talk cr*p again?!"...
Waiting for your response buddy?"
In my humble opinion only, DM is almost a prototype message board irritant/wrecker. Who else talks like that? And adds so little. And will never leave as long as he gets a response. Sorry guys. I won't comment again on this topic. I can only pray that he has me on ignore. I am not interested in his predictable response.
I hope he does well in TXP, because if he does, then I do too. But that does not require his presence here. Nor mine of course. It is a very interesting time for TXP as many separate threads are advancing within next few months. Royston-ST results, on-shore bid round results, Cascadura on-line with details about initial flow rate, confirmation of Rio Clara asset swap, spudding of first of two Cascadura C pad development wells. Optim,ization of flow from first two cascadura wells (will that really be a 60 to 90 mmcf/day jump as Casca-Deep cleans up?" There is a lot more right behind that. Including potential for several Royston development wells and most importantly a dive into the cretaceous with drilling of the Kraken monster well. I am thinking Q1 2024 for that. And there will be 3rd and 4th Q results which will begin to show the actual robust increase in production and revenues that is projected and will continue all through 2024 as well.
Nice post over there. Discord is great but a little complicated and it took me awhile to get used to it. Lots of good information. Started to wobble a little and I am taking a little break from posting, but I am still reading it every day. Moderator is pretty good at herding cats. Just that every board once it gets to a certain size gets a few zealots who rant the same message again and again. Nothing terrible there, just I am tired of "management sucks" 50 times a day and getting drawn into the same discussions every day . But that is only really destructive when if veers to political and philosophical and theological diatribes, which it really has not.
The plus of Discord is deep knowledge and connections and willingness to share. Plus the site structure which allows photos and files and archiving. It has been very fun. And useful. TXP story is very good story. It is still intact. We are in an early chapter. They have not even started what will be a massive ramp of production and revenues. My conviction remains high (compared to universe of other small cap high risk high reward microcaps).
Tongue in cheek is right. The value of a farm in partner (for Noble) is they bring in cash or at least ready access to capital. We have neither of those. I tend to think we need a JV partner, now or at some point when the discussion is about the need for $50 million dollar processing plant (God willing).
Copper we will need but battery science is working very hard to reduce overall need for cobalt. Just trouble how China has locked up Congo sourcing and just sad how workers are exploited there. Though I would think country could be even more stressed without high prices for cobalt bringing revenue into country.
https://www.msn.com/en-us/news/technology/the-coming-ev-batteries-will-sweep-away-fossil-fuel-transport-with-or-without-net-zero/ar-AA18k5Nx?ocid=msedgntp&cvid=228118a51ea541c68fbb1c5739eb6fc1&ei=47
Selling AIM shares when everything is this dismal and dark is generally not the wisest move. Trouble here is really the astronomical share count
(Carl Sagan like - billions and billions of shares). So even though there is potential to move up somewhat from here (in fact it is likely), the chance of a really big gain seems pretty remote. Problem is to set a sell price, harvesting at least some of the potential value but also moving on the other less capped opportunities. Just my opinion of course.
happysparrow: I would not be happy if I read this as showing the subthrust is not productive. It actually says the opposite is very likely. There are sands in subthrust that tested positive by wireline for hydrocarbons. That has be be confirmed by further testing. The intermediate sands show hydrocarbons by wireline testing and previously flowed 94% light oil. The overthrust showed hydrocarbons by wireline testing, had big water cut at Royston 1 but overthrust was entered 330 feet higher here.
There is nothing negative here. Need more test data and need LT production test. But to say this RNS indicates subthrust is non-productive is a little ridiculous.
.....now DM is out of the equation, I wonder if he is about to stock up on He1 with what he already knows?....
That would be unusual. To not buy very much when he was running the show as CEO, and then load up majorly after being fired. Must admit I have not seen that play.
Thanks Ginmunger. . that does make sense as another way to quickly grow production and revenues (at Royston field) since a few oil wells can be put on long term test. I agree that things are just getting started now (Coho was an appetizer) but the share price is not going to react to "just getting started" but only to quarter by quarter substantial growth in production and revenues. In US I would call it a Missouri stock - the state motto is show me. But after that growth starts to play out then there will additional attention again from news items that are forward looking and promise bright future. But right now items like that are not likely to move the needle. (asset swap, new blocks awarded in on-shore bid round, spudding of new wells, even new discoveries with uncertain timelines to production and revenues. (except maybe a Kraken discovery which might blow the roof off but that won't be drilled this year).
So there are only two current items of importance. Production and revenues from Cascadura, huge and still by far most important. And a good result at Royston that can god on immediate production and also can confirm beyond any doubt exceptional commercially of the Royston field, which so far has only one discovery well that had huge technical problems and could not be produced. Commerciality is a step beyond discovery. Production is a step beyond commerciality.
Remember that I used the term stagnating and got a lot of push back. I think stagnating may be a generous description. There is work to be done to get back on a steady growth path. Could happen, potential is there. But not happening at the moment.