Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
They are using a cryogenic process where they boil off the gasses at different vapor points. Helium first and should be very pure. They plan to use the methane to run the plant. They hope they can sell some food grade CO2 and maybe some hydrogen (not sure about that). The vast majority of the economic impact will be from the helium.
the triple star: They will be lucky enough to get helium on production. Warren Buffett is trying to do a lithium brine operation at Salton Sea in California. Capital needed is about a billion to get a large commercial lithium brine operation going, and they are having a lot of trouble trouble. RHC has a few million dollars total. Warren can finance whatever he wants. Andrew cannot. With combination of high interest rates and recession , conventional financing has really dried up.
ITV: Saskatchewan has similar goals as Helium i - they want to supply 10% of world helium demand by 2030. Ther is NO problem exporting it. Right now it has to go to Colorado for liquification. Province wants own liquification plant to facilitate export. .
I don’t really buy the idea TXP is fairly valued. 1-2 TCF of onshore gas cannot be bought for current market cap. That said shares can be undervalued for many reasons and stay undervalued for a long time. I am glass half full at this moment and I fully expect a really good 2023 for TXP share price. Will be a big year. Nice story in Guardian this morning about TXP intentions to bid on 2-3 blocks in upcoming bid round. Bids close Dec31 and are announced by April 1. Cascadura on line will be the big one. (wall of cash finally arrives). Royston Deep has great potential. Bid round. Continuous drilling. Series of development wells with a couple of exploratory wells thrown in. That is all in 2023. I think we will all be surprised by the fast pace of the work on Cascadura facility.
Don’t they get $2.13 or something like that at Coho. It is very dry gas (essentially pure methane) with lower energy content. Price for Cascadura gas will be higher, even after most of the liquids (especially the condensate)is stripped off
Earnings report for Q 3 will have an opertaions update. Will be about a month. Should say soemthing about relized proce for Coho pipeline, progress at Cascadura, and also drilling plans. They might say something earlier if they do a presentation. If I were them I would wait for the next operations update so they have a little more to talk about with respect to Cascadura and maybe they can even announce the spud date and location for the first well of the continuous drilling program.
I think you missed my point. I did not want them to transport the rig before the audit. Just to have explored the process enough to have confidence they could use it if it checked out. Hoping they did some of that due diligence. They plan to go to Kenya personally to interface with the bureaucracy. Hoping these y can handle everything effectively and efficiently.
I guess some challenges to be expected, but kind of odd they would spend that much time and money doing an audit (and some repairs) without some confidence they could actually use their target and now proved fit for service rig. Hope they have been working both sides of this (rig audit and export approval) on parallel paths and glad they are going to Kenya to do their best to get the rig free to move without adding more delays.
itv: I was defending you on principal (not that you need it) for your real value and your discernment and ability to cut through some of the noise, and not because I thought you would be offended by the “looney itv “ name calling.. That may be somewhat akin to calling you crazy - without the like a fox qualifier.
My obsession is just from gradually adjusting to AIM wild wild west. I have been here a couple of years with a couple of holdings. There is a lot of carnage and just a little pumping.
On US market most shares with price under $5 share price eventually go bust - they are called penny stocks but they are not literally penny stocks, until the end. Here it is very different. Some AIM penny stocks even graduate to bigger board if the company is successful. I certainly do not want to split the shares. Just saying that because I have personally benefited from share splits of growing companies and that cannot happen here. I do realize that a stock going from 1 pence to 10 pence or from 10 pence to a pound is the same as going from a pound to 10 pounds. And that a penny dividend per shares on 10 shares is the same as a dime dividend on one share. But what I am noticing (and was the point of my post) is that the spread is much wider on a 8 pence share than on an 8 pound share. And the 8 pence share can drop to 4 cents on bad news a little more quickly than the 8 pound share will drop to 4 pounds. Of course both can drop to zero on especially bad news. Anyway, won't mention share count again though I may have promised that before. It is bit of an obsession but I am trying to get over it. Appreciate constructive and corrective feedback.
I am not saying that I am not adjusting the the AIM market where billions of shares are commonplace. Just saying it does create a few little math challenges when thinking about potential for share splits or dividends. JLP has about the same number of shares as Tesla. I guess that makes total sense to some.
Maybe so but: a one pence per quarter dividend still would cost them $108 million a year and their revenues are $140 million a year and their cash flow about $20 million a year. It will be a long time a coming.
If you follow XM FB page he follows Energy Ministry closely and positively and documents important ministry activities and also all interactions of PB and himself with minister Minister Young. Last year Minister Young toured all the major TXP sites and had direct education from XM. XM asked him if he would be present for first gas. There are lots of photos of interactions of TXP employees (including PB and XM) including informal photos from that extended tour of facilities last year. XM attitude always totally positive. Touchstone social media also has a lot of information. Any discussions with energy ministry, even difficult ones, always mutually respectful. Paul and especially
XM have deep understanding of Trinidad and Tobago and the perspective of the government and they are happy to work with someone who understands importance of energy to economy and want strong role for Trinidad (with economic benefit) during energy transition. This is news report of other interaction with Minister young also posted by XM. XM is very straightforward. You could ask him if he has good relationship with zminoster Young and Inbelieve he would say yes, and mean it. He knows it is an important relationship. So does Paul. Minister Young mentions TXP almost every time he talks about important projects coming on line in Trinidad.
https://m.facebook.com/story.php?story_fbid=pfbid07N3git19WAvqV7NRRWVHS2TxRxfaUV8GTjU5eNzGUGorFfTsyrPM3E9fL9dayBw7l&id=505464411
https://m.facebook.com/story.php?story_fbid=pfbid07N3git19WAvqV7NRRWVHS2TxRxfaUV8GTjU5eNzGUGorFfTsyrPM3E9fL9dayBw7l&id=505464411
johnxxxx: The next operations update will also hopefully have a progress report on Cascadura. The pipeline is VERY short and NGC can put it in place in 4-6 weeks. The facilities at Cascadura pad are more complex because it is liquids rich gas and that value stream has to be separated. But the company has been on a parallel path and the big ticket long lead time items have been constructed in Canada, brought by rail to Houston, shipped to Trinidad, and Trucked to Rio Clara.Give TXP credit for that. All the other parts and the expertise to put it together are readily available on Trinidad. Cascadura projects may come together very quickly.
Minister Young has commented on Twitter that Coho will be on line “within days.”. Which means no remedial work to be done and documentation is in order.
He gave a great speech to Parliament about the state of energy sector in TT. Very interesting. Hopefully things will get smoother and TXP can play important role in TT energy future. The relationship of PB and XM with Minister Young is important and has alway been respectful, cordial, mutually supportive. That is a good thing.
Speech is available on Trinidad Minister of Energy FB page.
https://www.facebook.com/TTMEEI
Despite all the admonition that it is market cap and not share count that matters, I still find that having billions of shares makes it hard to go up a penny, but very easy to go down a penny. Or multiples of same.
smasher: agree that they should present some analysis (like Trin did) of impact of proposed changes. But I can see waiting until changes accepted and details fleshed out.
As for Coho it has been totally frustrating with lots of delays due to external factors and likely some self inflicted wounds too. But I am not sure better communication about all of he problems as they were unfolding would have been all hat helpful. I guess we had some worries about the well not being okay that were unfounded. And now we have some worries about the infrastructure not being okay, though Paul tried to reassure us that it was only checking of serial numbers on valves and other documentation steps, and that NGC and Shell had signed off on everything before this additional safety check was added. So would it help if Paul said everyday the infrastructure was fine. And would that prevent safety checker from actually finding something that needed fixing? Isn’t that why they check?