Member Info for Scott22

Thanks, you are right on some of your items. I do think the Holbrook basin has produced hydrocarbons from other zones but not from the specific zones that have produced helium. There are 28 statigraphic intervals. There has been natural gas produced from other intervals, as well as natural gas and oil. The Holbrook helium (with minimal hydrocarbos) has been found specifically in the Fort Apache limestone and the Coconino sandstones. Helium was produced from those zones (22 wells in 3 fields) from 1961 to 1976 (9 BCF total with 6 BCF from one field called the Pinto Dome). The best well at Pinto Dome produced 300 MCF/day for 15 years, almost 2 BCF or 1/3 of the Pinto Some production. Production was stopped because of low helium prices and current high helium prices make it very economic again.

There are no faults in the area. Like all helium, the gas was produced by radioactive decay (uranium, thorium) deep in earth more than a billion years ago. There was just some very fortunate sealing that must have occurred at one particular time over the eons. As the gas was migrating toward surface.

This is all over my head in terms of geology but at least I have been reading about it and trying to understand what is unique about Holbrook basin and about Tanzania helium - and trying to understand it.

Differences in Holbrook basin: 1) there are hydrocarbons in stacked geological layers. 2) helium mainly found in one or two zones that can be drilled horizontally, 3) the reservoir has been tested and produced at high level some years back from several fields, there is more knowledge about porosity and permeability of the reservoir 4) there is a great seal with salt. At Rukwa they are looking for more conventional traps along path from deep and ancient source to the areas of seeps. There are no stacked zones and no hydrocarbons. THe1 does not have have a discovery well yet, there is only only speculation about presence of a suitable reservoir and how it will flow. Uncertain if the traps will have adequate seals. (Some of the other targets if Rukwa fails are in old lake bed and may have salt seals.)

Another difference is that He1 is hunting a much bigger total resource. Both companies are kind of exciting for different reasons. HBer1 has a bigger potential prize, but also a bigger chance of being a bust.

you are right on mentioning mud weight, in relation to the pressure and the formation too. they did almost lose the Cascadura1 well. And had similar trouble at Casca despite upgrading rig

Damage to well bores is complex issue. Many factors including formation, water, pressure, perforations. Sometimes hard to test multiple levels in same well. Salt is issue in some geological formations but not here. Appraisal wells sometimes don’t produce perfectly but can be used to target specific development wells that are completed in manner to minimize damage and risk to production.

No, about the 400 barrel a day pump jack.

just curious, where did you get that nugget?

Clearly Royston is the biggest item for TXP for the rest of this year. Not often is there a 1 TCF prospect all teed up and about to be drilled - with a clear a yes/no answer, and tilted toward yes. As Paul says it is exciting and nerve racking.

But NGC could also add to our momentum. They keep saying Trinidad needs more natural gas. If so why not ramp up the construction of this pipeline spur to the Cascadura site and do it in three months. I know it is in the jungle, but this is not exactly the Manhatten project. The main pipeline is very close. In the Montney or the Permian or the Bakken a new pad this close could to a pipeline be hooked up in a month. Or less.

That accelerated timeline would have the advantage of accelerating TXP production and cash flow too. Plus there is no reason (except bureaucracy and operating execution) that TXP could not put in a second cascadura pad and drill 2-4 development wells in the same three months. Put that new Canadian rig to work. Hooking up the second pad could be done in a week or two. All this would have benefit of establishing TXP as skilled operator and producer and not just an explorer and a sleepy manager of 1300 barrel of oil portfolio from multiple small shallow wells over on the west side of the island. TXP would add more than 100 mmcf/day to Trinidad natural gas supply. There would also be the matter of adding 5,000 to 10,000 barrels/day of liquids, that alone likely 10 times current production.

The wall of cash would become a reality rather than a metaphor. Royston could be a magnificent new chapter to replicate the proven rapid development of Cascadura. With lots more exploration to come.

I don't see why all that could not be done. The gas is there, the first two wells are drilled and are tested and are ready to go. The pipeline is not far away. Trinidad needs some good news. Trinidad economy needs some help. The NGC is an agency of Trinidad government.

This is what I was trying to post

IBM agreed to a 10-year tie-up with the Cleveland Clinic as its official partner for artificial intelligence (AI) and quantum computing. In the deal, the nonprofit academic medical center would have the first on-premise quantum computing system in the private sector. That's no small feat considering the system requires near absolute zero temperatures (about negative 469 degrees Fahrenheit) and a continuous supply of helium and liquid nitrogen to operate.

I am holding at 30k shares. Small position but a fun one with this story to follow. I have a smaller position in DME.

Saw this today, another place (quantum computing) where helium is needed. Only way to get supercooling.'

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DME took off based on one good well with high flow rate and 7% Helium. Also had one lesser well. They are drilling three more wells. They have a known resource with great salt cap that has produced in past. But it has not as large a resource potential as He1.

All wHe1 needs is a discovery well. That is a lot to ask, but they have been preparing to ask this question for years. It will be asked and answered with the 3 (or 4) planned wells. If the answer is yes, then He1 is in business. shares will bounce nicely. If the answer is no, shares will drop and the company will step back and see what kind of resources will be needed to further evaluate and test a slightly different geological model at the other sites which might have a salt seal (more like DME resource in Arizona). I imagine it is pretty hard to seal helium, that is why it is so good for leak testing.

Exciting times.

You would think that there would be some urgency for the NGC to build the pipeline connection to the Cascadura pad as fast as humanly possible.

NGC can add 50 mmcf/day or more to natural gas supply very quickly. They might even ask TXP to move up the timeline for drilling of a couple more Cascadura development wells. TXP could do that right after Royston is drilled or as soon as the Canadian rig arrives, which every comes first.

Wait a minute. It is not a surprise that there is gas in this particular sand being tested. This zone is really a development well targeting a known reservoir that has already been tested.

Casca1-ST tested this zone - encountered gas at high pressure in upper Herrera Gr7c thrust sheet that kicked back to surface, had trouble controlling the well. Stopped early. Tested at greater than 5000 BOE/day constrained by test equipment. Had huge flare during testing which was at 25 - 30 mmcf/day.

Now we are testing a thicker section (twice as thick) of the same Gr7c thrust sheet 900 feet way. Despite upgrading the drilling rig the same thing happened - hit high pressure gas that kicked back to surface and they had a hard time controlling it. Again they had to stop early. Now they are testing and there is a big flare as they are burning off the gas being produced during the flow test.

This isn’t exactly a flip of the coin whether this well will produce gas. This particular well is a development well and not an exploratory well, it is exploiting a known discovery and likely will extend reserves somewhat. The well was designed as a hybrid well with an exploratory component to enter a deeper untested sand. But once again they could not safely go there because the could not safely control the gas under pressure they encountered, even though they knew it was there and prepared for it.

It has a date on it April 8, 2021. It has location coordinates on the image. I don’t see a specific time stamp. At first glance it does look real.

I’m a small investor??

I tried to add another thousand shares to celebrate that photo of the flare in the jungle. Bid $1.25 US but only filled 954. Seemed to soak up all the offers, at least for the moment.

If Casca Deep comes in as expected that will help get more gas into sales in the new pipeline that NGC is building to Cascadura site. Then all we need is a discovery at a Royston and the crash will be history and the beautiful TXP story can resume, accompanied by beautiful share price increase. I know that my overly optimistic gene is kicking in. Sorry.

they have been saying 900 feet apart for the two well bores (Casca1 and Casca Deep) - anyway very close and drilled off the same pad

Sorry - March 31 press release stated:

"After the interval has been perforated, the Company expects to perform a three day flow back test followed by a minimum two-week build up test. Well test results will be released upon completion."

"Stand by for news" - but we will stand by a little longer.

The Press release on March 31 clearly stated:

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So it took a few days to get ready, clean things up, and perforate. Then the three days started. Probably the flow test is ongoing (hence the supposed flare). Let's say the flow test ends Thursday. Then they take some measurements and cap the well (flare goes away), then watch the pressure build up for two weeks (minimum). That would be April 21 and it might take a day to make measurements and draft a press release. Then Paul will come onto Pro-Active again.

It will take a lot of patience to wait to get the numbers I was expecting on January 14. Who knows what share price will do over these two plus weeks. But nothing to do but wait.

I have been adding modest amounts, but I have reached a round number and will likely just sit where I am. If it gets even crazier to low side I might reconsider that and start buying again. Or not.

Not pumping. Need a new number to pump. Just checking out the post here that referenced another post on Stockhouse. Otherwise would not have known about it.

claim is - “have someone who is” - meaning in Trinidad somewhere nearby.