Member Info for smasher

Up 11.3% in Canada

On or about July 8, 2023, we will remove the downhole safety plugs from the Cascadura-1ST1 and Cascadura Deep-1 wells and commence facility commissioning operations.

Open up the beast at last and with so much news over the next few months coming after so long waiting. Really looking forward to the Cascadura c drills and Royston results.

First slice for me will be around £ 1.24 then if everything still good 154 then leave the rest for divi fingers crossed.

Got to say the last few days on Discord the posts have been very informative from those that have worked across the oil and gas sector.

Bring it on.

Sorry for not getting back to you mate as I had to rush out.

I'm very much like yourself in I'm very busy so I do have to rely on others for info.

It's nice to see we have started the move up after so long at these levels and with a lot of news coming our way I expect the shareprice to be much higher.

Off to have a sleep as I've just done 15 hours sorting out damaged communications cables .

Atb mate.

I'll be over the moon if the subthrust is flowing at commercial rates and a Cascadura online in early July.

Cascadura C will be huge as well especially because it's the sweet spot so possible much better flow rates.

I certainly believe the shareprice will be between £1.60/£2.00 if all good and keep growing as production increases at both.

We've waited a few years for this and it all begins in a week or two. Then what actually does Cascadura hold as it's certainly got the potential to hold 1Tcf and possible more if it goes into Balata east, so very exciting times .

Bring it on.

Not long now till Casca online even if a week or two delayed.

More than happy that Paul has got us to this point when others fall by the wayside.

How many here or on Discord would last being a CEO of an oil and gas company with very limited budget and be able to do what he and the company have done in finding a huge gas field and bring it online in around the standard time to do so. Yep he's made a mistake or two but show me a CEO that never makes one in this game.

Nope I'm more than happy to have them continue the development of Casca and fingers crossed Royston.

I extremely pleased with what we have got.

The asset swap is the most important thing for Txp with both Royston and casca next door. They have many many years of exploration on these blocks. If casca c site is successful you'd think it almost certainly goes into the Rio block and I'd rather they concentrate on that plus Royston than the new block.

So so close to bringing Casca A facility online and becoming the biggest onshore producer in Trinidad ,and it will just get bigger and bigger over the next year.

While some knock Paul I believe he has done ok to get us to this point a very limited budget compared to those around us. Yep mistakes have been made but the fact is we have done it while many companies would have fallen away.

Being it on I say

And people said Shell wouldn't be interested in little old Txp even though it could be producing 200 plus (mmscfd) and condensate.

And I believe they will come in for us next year.

Wow Joey

I'd personally retract what you have just posted as it could land you in serious trouble .

Could someone please invite me again to the discord chat board. Thanks in advance.

They will easily hit those figure .

14000 applied to go last year on a 2 year plan so over the next 7 years it won't be a problem whatsoever. Me I apply next April to go along with many many more.

Time to hand over to the younger generation to carry on.

What a fabulous ride it's been.

Roughly 46 days before Cascadura facility comes online and some test results from Royston come in during the wait.

Big few weeks coming up.

More than happy with that news especially the Cascadura info. Just wish she'll would sort out what needs to be done to get Coho flowing better.

Is this the reason why the timeline for development gets put out.

6.2 Development

(A) Following appraisal of a Discovery, the Operator shall, as soon as practicable, submit to

the Parties a report containing the results of that appraisal and the Operator's

recommendation as to whether the Discovery has commercial potential, including an

explanation and the reasoning adopted in arriving at such recommendation. If the

Operating Committee determines that a Discovery is a Commercial Discovery, the

Operator shall, as soon as practicable, deliver to the Parties a Development Plan together

with the first annual Work Programme and Budget (or a multi-year Work Programme and

Budget pursuant to Article 6.5) and provisional Work Programmes and Budgets for the

remainder of the development of the Discovery, which shall contain, inter alia:

(1) details of the proposed work to be undertaken, personnel required and

expenditures to be incurred, including the timing of same, on a Calendar Year

basis;

(2) an estimated date for the commencement of production and production forecast

on a Calendar Year basis;

(3) a delineation of the proposed Exploitation Area; and

(4) any other information requested by the Operating Committee.

Yep you wouldn't have the sv stuck on Royston when Cascadura c can be drilled . Why would you stop the testing at Royston to move it when a service rig would be there till finished, it could be there for a long time . To me that makes perfect sense. We all would be going nuts if the sv rig was stuck at Royston when it could be drilling at Cascadura.

3 years 4 months from confirmation we had a huge find (tested) to fingers crossed production. From what I've been reading that is very quick from discovery to production especially when you look at just what's required to get to this point. The average from what I can see is about 5 years .
For a small company to get this far without having to continually raise huge money from the market is remarkable. All well and good knocking the company ( and rightly so on certain things) but overall I believe Txp have done a excellent job upto now.
Just my opinion .

500 bopd from Royston would be very good especially when you have seen the average on shore oil wells produce less than 100bopd and in America it around 30 bopd . I certainly wouldn't be disappointed with 500 bopd and anything else is a huge bonus.

They have the pencils but they don't know how to operate the pencil sharpener. Must be a weeks course to train a few I'm guessing.

But can't say they are testing 100 % no matter what or they are using the rig . Will find out soon enough.

Looking forward to Royston test results soon and hopefully around 500 to700 bopd plus would be a great result, any or would be a fantastic . Lots of news over the next few months.

Just to put things into perspective about what we have. This the average across America.

What is the average production rate of a well, and how does this rate differ
between oil wells and natural gas wells?
In 2021, the average oil well produced 26 b/d (or roughly 33.5 BOE/d if including natural gas), and the
average natural gas well produced about 181,647 cf/d (slightly more than 33.5 BOE/d of total oil and
natural gas). The distribution by well size, however, is generally skewed. Many wells produce smaller
volumes per day, and fewer wells produce very large volumes per day. In 2021, 77.9% of the more than
916,934 U.S. wells produced less than 15 BOE/d, and 6.4% of the wells produced more than 100 BOE/d.

If Royston production is 500+bopd I'd be absolutely over the moon .