Member Info for shellguy

Is it this C7 formation you are talking about? From the CN-2 well test:

"The CN-2 well also tested the C7 formation where early water production resulted in the Company making the decision to move immediately to the Ubaque formation where more economic results were encountered. "

Looks like more water is incoming in the next test results middle of September.

You know nothing in this game until its been tested on an EWT. Lets talk about those zones when those results land. Today we talk about all the water they found in the other zones.

I think many was hoping for a good result so we could have high volume to clear out the remaining 46 million warrants. Seems like the volume will go into sells today. My entrance around 9-10p got much closer today. Its wrong to call CN3 a duster since there is 98% water, but a really really poor result. And people are talking about 8-10k production next year LOL. How are they gonna keep the SP up when there is 46 million warrants expiring in 1-2 months and the volume in Canada is 30k and they are drilling water wells?

Great outlook here, but sadly the warrants are gonna crush this the next 2 months. 46 million warrants at 9p is gonna be exercised the next couple of months. Most of them likely to be sold right away in the market as long as the SP is so much higher than the warrant price. Im a buyer in october around 10p.

Those red objects you can see on the newest satellite image was there on the 23rd also. And if you look at newest company presentation on page 10 you will see that the Power Jet Sandjet perforating tool is a red "truck". So it looks like testing has started at MOU-4 - and maybe have been going on for a couple of days. Possible first test result next week then if it was 10 days for each test?

Looks like production have been running on full steam for the last week. Hopefully any problem is solved and we can look forward to next drill and ONP opening soon.

https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producción+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos

And in regards to the comment about the flare is not in correct position. What is the correct position anyway? If you look at this image from the Cascadura flaring the flare is right next to the water pool, and not at the spot where the rig was located. You also see a nice reflection from the flare in the water. But dyor of course.

https://www.share-talk.com/touchstone-explrtn-tsxlontxp-cascadura-1st1-well-gas-discovery/#gs.giklvo

I have posted the images of what I'm looking at, so it's pretty simple for everyone to make up their own minds. To me there is nothing similar when I look at all the images back in time. For me it looks like a flare, and the timing seems perfect. Others think it is a reflection of some kind. We will know soon enough. Perhaps PB will be on Proactive today talking about the Q3 results since he was busy in London last week. We might get some hints then.

Give it some days Bernie.. If you go back in time on the satellite website at the Cascadura drillsite you can see a flare there to on the 8th of April image this year, but the RNS didnt come before the 12th of April. You also see a flare on the same location 9th of March 2020 and that RNS came 11th of March.

Never David but I might try it out one day when I have sold my shares here in a far distant future.

For those that are not convinced here is a picture from the same location on both 4th and 14th of November.

https://ibb.co/30Pb5tD

If that's not a flame then I'm a princess in a pink dress.. But, as always, DYOR.

https://soar.earth/satellites/sentinel?pos=10.245222840620766%2C-61.09884588357646%2C15

10.250557183685507
61.10860436176264

You cant zoom to close because then the last image is from 9th of November. If u keep some distance you will get the newest image from 14th of November. You can go as far back in dates as you please, there is nothing thats like this.. For some reason the link here doesnt work on my Iphone, so Im using my laptop.

Somebody call the firedepartment because there is a huge fire ongoing at the Royston well pad..

https://ibb.co/HxsJWZJ

Thanks for your post Che7win.

« No need to speculate on this any further, those talking about fund raising are going a dead end rabbit hole. Management are a bit upset that this is even being discussed.»

This is interesting. Care to tell where this is coming from? Im not concerned either way. If a placing is coming it will create shareholder value faster and put the placing ghost to bed once and for all. After last placing the SP rose to new ATH pretty fast. If it is not coming the placing ghost will haunt us until Cascadura is online. I would welcome a placing here with a small discount because I know it will go to development of this Majestic Ortoire block and give me lots of value in return - just like the last 2 placings have done. Where would we be without them?

What a day yesterday! Potentially double discovery with oil in the bottom and gas on top. Could be much more with Kraken-1. In my head this increases the chances for commercial oil updip in Chinook-1 and 2. But we have so many targets now so who knows when those will be drilled.. Ortoire is a monster, and just the Royston or Cascadura field would be enough for most oilers.. We have it all - or at least 80% of it. And my stake is approx 0,07% of those 80%. Yes Im feeling happy today.

Well, Cascadura Deep is not included in your 45 mmboe. And they never got to TD at Cascadura, so there might be more there. If Gaubine proves commercial gas they might connect it to the Cascadura pipeline, but then 200 mmcfpd seems to small..

Lexion as long as Royston is commercial I will be happy. I do not expect any flow rates at Royston to rival Cascadura. Lets say around 15 mmcfd - and then we drill the whole area to look like a Swiss Cheese...

Yes Cascadura A is the original pad where the 2 first wells have been drilled. B and C is development locations for up to 4 development wells on each pad - as Smasher is saying. FWIW I think we will see a good process and first gas from Cascadura in Q2. There is no Shell to **** this up. Domus is even estimating that pipeline for Cascadura will start around week 49 this year. The Public Consultation for Stakeholders on November 10th at 10:00 am will be interesting.

Apparently the MEEIP (Ministry of Energy & Energy Industries) was gonna give the green light to Coho in September after NGC and Shell agreed terms, but then they found out that they had forgotten to put it all out on a 30-day hearing/trial (dont know the English word). Those 30 days are over, so hopefully we will get some pictures of pipes in the ground this week. Much has been forgotten since the last gas discovery more than 20 years ago..

FWIW my portifolio is 96% TXP. Been holding and adding regulary for around 2 years. Will hold and live on dividends... :)