Member Info for Scott22

This week was supposed to be the rig move (to Royston drill pad) week. Most of the time that is not a huge accomplishment but that seems to be worth an RNS if it moved. Hopefully the spud will be next week or two, or at least in July. For sure that is an exciting drill. This is the biggest prospect by far in the first five well exploration project. Paul named it after his father because of it’s importance. (rather than after a fish). How many times do you get to watch a drill on a prospect so good that the CEO named it after his father (also an oil guy

This was from their operational update of May 25. No progress has been reported on any of these items. Pretty soon the updates will start rolling in and then maybe that will help strengthen this little attempt at a reversal toward a new uptrend. There are a list of vey important items to follow these ones - more ahead for TXP than behind.

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Royston location preparation has been delayed due to COVID-19 restrictions impacting construction, with the well anticipated to spud in June 2021.

Royston seismic program continues with 149 of 370 shot holes drilled and data acquisition anticipated to commence mid June 2021.

Coho surface facility is nearing completion and awaiting pipeline installation and tie-in.

Chinook-1 testing continues with the planned completion of the Cruse sands currently awaiting regulatory approval.>>

.. than temperature gradient

pressure gradient is a lot steeper that the temperature grading so I think that high pressure is more important in determining how many gas molecules are crammed into the reservoir. Correct me if I am wrong.

Continuous monitoring of helium levels in mud gave the basis for a “show”. A wireline is needed to announces a ”discovery”. DM said he would disclose a show when they had that - and they had that 70 meters. He said he would report a discovery when they had that - and they haven’t - no wireline, no discovery.

Wireline is enough to announce a discovery but they still need an appraisal well done and flow tests done to get reserves and an idea of the rate at which the well can be produced.

David has been so very clear and so very patient in informing us about all this.

we were not waiting for DST results until total 1200 meters drilled and wireline done on the entire wellbore.

We were waiting for wireline on first 400 meters before they cased it, but DM has clearly explained why they skipped that step. Well cased, drilling on to 1200 meters. Collecting helium levels in mud. Won't do wireline until well drilled to depth. Would do DST until wireline done and targets identified.

As for #4 the Minister of Energy just said that he expected Chinook project (that has to be the Cruse since the rest is plugged) on line in Q4. That is six months. Don't let your July wish list accept a built in delay already.

Fair enough for sure. Would not even watch Caerus (would not even know about them) except for the possibilty of JV with them - which could also be big deal for us.

My grandkids at school use GOAT as a superlative for Greatest of All Time. As in "He (or she) is a GOAT. At their school that is a teacher called Dr. Bean. Sounds kind of British.

I'm not saying that TXP has to up their game, more that Trinidad has to up their game. NGC and Heritage are part of the government of Trinidad. The Minister of Energy should be able to resolve that issue with one phone call. What can they talk about in months of negotiation whether to connect 10 mmcf/day of gas into a half empty pipeline in a country that by report is short of gas and trying very hard to increase supply.

Thanks for sharing that.

Pretty soon share price of CMRS will be double JPL.

DM is a BOSS, but is he a GOAT. We are going to find out, maybe shortly. And certainly over the next 1-2 years as the company makes discoveries and moves toward helium production in 2023. This project is very complex and so far has been managed extremely well.

Got all that, but they picked the Coho site for their first exploration well (despite smaller size of the prospect) because it was right next to a processing plant and a main natural gas pipeline. And they have the spigot ready to turn, all the approvals in place, and the pipe just sitting on the well pad for many months.

I am just saying, maybe they ought to up their game a little bit if they want that part of their economy to flourish.

Did not pull back much in US on OTC. Did not get any yesterday with a 34 cent bid. Got only 550 shares from a 5000 share bid at 34 cents this morning. Hoping to fill that limit order.

Huge upside, much that is exciting is ahead.

But I still can't quite get my head around Trinidad. I just got an update from Advantage Energy in Montney - smallish company with market cap of 750 million. They drilled 10 wells in last quarter - 6000 feet deep and one mile laterals. Average time from spud to rig release was 9 days. Fracking them and getting them on production averaged less than a week.

It is hard to understand that connecting Coho to a nearby pipeline takes a year or two and testing 20 feet of shallow Cruse at Chinook takes months. Trinidad has been in Oil and Gas business for 100 years and it is a big part of the economy.

Small companies that have been on a rocket ship trajectory do not need much of a misstep to pull back even 50% from their surge. In fact it is normal for that to happen for no particular reason reason other than to consolidate the gains in preparation for next up leg. It is silly but not surprising that the anxious waiting for next RNS and the wording of the first dawn tweet have temporarily taken a few pennies off the price. I have a limit order in at US .34 waiting for open.

Seems like my three London shares open down every morning,at least recently. For all of them I eep waiting for a little positive open that will set stage for nice US opening. Guess for He1 that will have to wait for next RNS with positive news.

Only one target is above 400 meters. The other two are much deeper. They are drilling to 400 and running a wireline to give more info about any helium down to lakebed, including the helium show they have already reported. Then they will case and cement, then drill to 1200 through the other two potential traps while monitoring the mud continuously, then wireline and possibly DST test the last 800 feet. I think I finally have the sequence down. We will see.

I am a JLP shareholder who has been following Caerus since the announcement of a possible collaboration to process tailings in Cyprus. I am finding it more interesting. At first it seemed to be a one person project with a CEO and a couple of experienced (ie old) non-executive board members. At first blush it seemed to be designed to enrich a few. But they do have a very good idea and have done quite fantastic work on accumulating a big potential source of minerals especially tailings. The deal with JLP would provide cash faster than other avenues though cash would still be a year or two away. The real beauty (for Caerus anyway) is that JLP would provide all the capital investment for the project. So far I cannot buy it in US, though I haven't talked to SCH international desk yet. I am thinking I could probably buy it for a $100 commission plus some modest charges over here. Is anyone here from US who owns it? S o far I have learned that Caerus was the god of opportunity, luck, and favorable moments. I have also learned that the word copper is derived from aes cyprium ( metal of cyprus) and that eventually was simplified to cuprum and that morphed into the word copper in English.