Member Info for SimonT

Yes it seems the MM's here have a chunk to dispose of, probably from North? They are matching the buying volume with sells so we wont be going anywhere until they are out. Hopefully before the reserves are announced!

Trade, my thinking is that a well that could theoretically when wide open flow 482MMcfd (nearly 0.5bcf) then surely it must be being fed from a source way larger than the 200-300bcf you are suggesting. Just my logic, nothing else. If Chinook hits large and we are pretty safe presuming Cascadura deep will then this is going to be a real monster for all of us! It may take a while until all the volumes and flow rates are know for all 3 wells but when we get there TXP will be Very Hot Property!

My understanding on the gas pricing deal is that NGC needed to know more info on the volume of gas produced as this would allow them to calculate the pay back term for their investment in infrastructure connecting the wells together and to the main. Which is why it has been said the price couldn't be agreed until later in the year when the outputs of both Cascadura and Chinook where known, so I don't see this being decided until after Chinook testing. I could save them some time, just use the biggest pipes you can find!!

390MMcfd!
https://www.investegate.co.uk/touchstone-explrtn---txp-/rns/cascadura-test-results---independent-verification/202006150700098915P/

Corpse, There were some valuations done based on reserves for TXP a while ago, although I suspect we are off the scale of these suggestions, click the link and scroll down to find the detailed break down.
http://hydracapital.ca/hydra-blog.html?fbclid=IwAR2f_pvyGg9ZyeY4gMSDl4aSH3RbxctLxcI-uTBOJquhUEMMdVsxGyvyPLs

I have just read through the RNS again, and I will again later to take it all in, something I didn't spot on initial flirt through it this morning is that the proposed initial flow rate of between 40-50MMcfd is only from the upper zone with the bottom zone isolated!!
A quote;
Analysis of the data supports an initial gross production rate of 40 to 50 MMcf/d with an estimated 1,100 to 1,400 bbls/d of condensate (net production rate of approximately 6,200 to 7,760 boe/d). This initial estimated production rate is based upon the AOFP modeling performed following analysis of the flow and buildup pressure data. Touchstone will design the production and surface facilities to meet these initial production capabilities. These rates reflect the well production from the upper interval (test two), with the lower interval (test one) initially isolated, as per the current well configuration.

Just how big is this if when wide open the well can flow at nearly 0.4Bcf a day??!!

Top of the chat boards, and hopefully top riser today too?
That will bring it to people's attention.

Photo you be careful you don't pull a muscle dancing at this time in the morning! Is Mrs Photo back yet to share the excitement?

I was not cynical, my hopeful estimate was 500bcf, I am wondering now if Photo's tongue in cheek 1tcf is nearer the mark?!

I am afraid we will have to wait another month for the reserves figures JTD to find out who was closest!

Wow!! Zone 2 flowing 28MMcfd with only a 4% drawdown at 4550psi!! And an absolute open hole flow rate estimated at 390MMcfd! And a larger than anticipated pool. This is bigger than Carapal Ridge!!

It is hardly a landslide sell off! They will move this back up immediately when the data is published!
Maybe the CFO called a halt until after the monthly GDP figures were released? He is a shrewd cookie if he did!

Paul quoted in one interview that while the numbers for the 2 tests were similar the tests were actually dramatically different, the second test had higher pressure and much less draw down.

NMH is right, Paul did say not to expect too much from these results. All we are likely to get are AOF figures and maybe a minimum estimate placed on the resource size, the full info gleaned from the recorder data will be analysed externally and follow in early July.

Maybe they all have an hangover and will post the results as soon as the paracetamol kicks in!

Not exactly, it is the company putting aside shares for that purpose in the future. Yes it is 10% dilution but it also suggests they are expecting to see an increase in the SP or why do it?

I am sure the delay is a third party fault and TXP will release the news as soon as they have the info. there is no cause for panic!

LoL, I was thinking from a dogs eye view!

i spy with my little eye something beginning with R,,,,,,,,,, Sole???