Member Info for smasher

Was listening to a interview with Paul again about the spt changes in Trinidad and he says that because of those changes it should add around 5 million extra to the bottom line on the liquids at Cascadura. Totally forgotten about that and am I correct in saying those changes start in January. Let's hope Cascadura come online end of March beginning of April.
More than happy to hang on here knowing what's coming.

Best Post I've seen for a while mate.

I glad they can accelerate Cascadura and as for Royston that could very well be another huge find especially as they know it flows at 500bodp but they think it could be up to 1000bopd and oil sold almost straight away. One thing nobody can deny is Txp have had fantastic results in fing oil and gas on this block and one that is absolutely stunning.
Bring on Cascadura and Royston I say. Don't think we will see any complaints if Royston is good with proven flow rates.
Just need Paul to get his act together as you say.

Serica also has 60 million more shares in issue and a price of £2.97.
I have zero doubt we will get to £2.00 plus by end of next year, especially if Royston is good with around 750 to 1000bopd a well.
Company is doing a fantastic job finding oil and gas, it just needs better communications with shareholders.

TXP must have done some serious work on Cascadura by now to release some news and if not then we are certainly not getting Cascadura online in the first quarter or there abouts.
I call it keeping shareholders informed. Surely nobody can be happy with zero news on a world class asset that could be coming online very soon. Absolutely nobody knows how Cascadura is progressing.
That is just not good enough by anybodies standards.

First news will be pipeline is at facility as Paul just doesn't give a flying f... about shareholders of Txp. A world class asset and the company doesn't have any news to deliver to its shareholders on it's progress after 2 plus months.

BP’s Cassia C links to the B platform I believe and it started around beginning of 2017 . Cost was between $250 to $500 million and I believe again that delays occurred.
BP only holds 70% of the field.
Put in perspective just what we have and onshore at a fraction of the cost. And we haven't even tested 550 feet yet or found the bottom due to high pressure.
Nice to have a world class asset in the bag hey with more to come from it.
Share price £0.68p is a bargain that's for sure.

London-listed supermajor BP (LON: BP) is toasting first gas from its biggest facility offshore Trinidad and Tobago.

As well as being its largest, the Cassia C development is the division’s first offshore compression platform, and its 16th in total.

Cassia C will enable BP Trinidad and Tobago (BPTT) to access and produce low pressure gas resources from the Greater Cassia Area.

The platform is connected to the existing Cassia hub, which lies approximately 35 miles off Trinidad’s southeast coast.

Cassia C is expected to produce, at peak, about 200 to 300 million standard cubic feet a day of gas.

Production will go towards meeting BP’s gas supply commitments and will be important to sustaining Trinidad and Tobago’s liquefied natural gas (LNG) and petrochemical industries.

Raise some money to at least get a rig drilling on Royston as it around 4 million to do it and certainly won't do an harm to us, and especially if it is as good as you say. And plus it will have aa huge positive affect on the company all round.

Time we got a bloody good update on Cascadura and a solid plan on the drilling front as well.
They may have learned a lot from Coho but have learnt nothing about keeping us informed by the proper channel which is an rns.
Beginning to think the don't give a sh.. about the investor. There is more bloody share rns's than information to the shareholders. Shocking Paul absolutely Shocking .

£1500 pounds extra consolidated from 1st January plus another pay review September. For everyone under £50k.
I think that will be excepted.
Said I wouldn't post but thought this important to some.

I think people need to stop guessing is the reality here.
Ezhik
Well done mate. I went for a few more shares here instead as this is my only investment left after cashing all stocks in ready for retirement.
Think I've done enough gambling over the last 30 years in the market haha. Made good profits here so I'll wait a while and watch the rest grow as in no rush to sell .

All coming along nicely and really hope it comes in ahead of time.

Everyone knows that the copper network has had it's day and is coming to an end so it's just a matter of the time frames to complete that task.
We also know that not all want that service so many will remain on copper to the house for obvious reasons. I am one of them as I don't need it as i have the correct balance for what I need for my household. Not veryone
Needs fibre to the house or wants it .
I believe it's extremely hard to put a figure on it if truth be told but it will be a fair amount.
How may homes have tarmac drives or concrete ones or block paving that doesn't want it taken up to add to the people that don't need it ..
All telecom companies have this problem and that's why you have these companies coming around and gauge how many in areas actually want it. You can put it everywhere but it doesn't mean the customer wants it
Eventually everyone will have to have it so if you say a 75 percent take of the product in my eyes is fantastic with the other come over the next so many years a absolutely great in my eyes.
Openreach / BT has got it spot on and the future looks fantastic.
Like I said I don't need it at present but some point I could and it will ready and for when I do.
I will never ever go against the company I have worked for most of my life. But I do have a right to have my say on pay and conditions by exercising my right to strike.
I want this company to move forward in the right way which it will , and yes changes will will happen as they always have but one thing is a fact and that is once this bloody strike is over we will pull together and move the company forward.

This is my last post here but I truly believe the best is yet to come for this company so I wish you all the very best in your investment here .
ATB ...Smasher

Some really great points mate. I was told between 25/30 percent of the copper network between cab and customer will poss remain copper that could take many years to do and that's if the customers wants it. They will have to retain many copper jointers and especially those that can joint the many different types of copper cables. We have to remember that some customers still run on old lead cables still.

I certainly don't want to see redundancies and hope natural wastage over the next so many years will be enough.
I am aware that certain poling has been brought back in house in the North , so new jobs and retraining for others . The one thing BT/ Openreach has been absolutely fantastic is the ability move people onto new projects that's up and coming. Very thing is always superceded in this sector and fibre will be at some point.
Also fibre has a rough life span of around 20 to 25 years so we have been told depending on different things .
Anyway I'm sure Openreach will come out of this a better company if it's done the right way.

Yes mate.
Still a lot of the older generation like myself here so I think it depends on how Openreach / Bt wish to play it. Remember we are on much better contracts than all the new recruits so would cost a lot to let us go but save a lot in wages. I think if they did a package over a few years to all I believe redundancies would not be needed but it all depends on the numbers they want gone.
You could look at it the other way in which it would cost the company peanuts to get shot of the younger generation.

The one thing we all agree on is that over the next 3/6 years many will be leaving the company. Many many companies will be having these problems as technology replace the workforce.
Really hard to say for sure as depends on figures and over what time frame .
But we all have an opinion and guessing doesn't really help.

Many will leave like myself over the few years so not quite the huge redundancies as people expect.
Openreach has I believe taken on around 10 thousand over the last 3/4 years alone so I find it hard to believe redundancies will come soon but I can see a package being offered for those wishing to go and hmm possible during these pay talks . I also believe the workforce will get between £750 and £1250 extra in wages or a one off payment. In what format I'm not sure.
Just my opinion.

I thought you had filtered me...oops you lied again, just like the volumes out on strike that you mentioned yet BT have never given out any figures...opps yet another load of bs .

You very good at not telling the truth to people aren't you.

How many of us here now have so many forms to fill in on the job just to do the simplest of tasks and the filling in of forms and signed off takes long than the bloody job. I'm betting every single one of you have and got frustrated by it. No way around it because your protecting yourself and the company by doing it.

Funny how Openreach has taken on thousands of engineers over the last few years as they can't keep up with demand. This is a company that is always changing and working with new technologies and of course the way productivity gauged is all part of it.

What people absolutely fail to understand is everything else comes with that.

Take health and safety for instance and the huge implications that now has on this company without doubt has slowed productivity and no easy solutions I'm afraid.

You all assume engineers just turn up and do a job but those days are long gone I'm afraid as health and safety override everything from roadworks guarding to drilling a hole in the wall and even just get your tools out the van. Absolutely everything is governed by it. So much more information has to be interpreted by the engineers and then a stack of information sent back.
I sure you can imagine that this is a multinational company that deals with just about every health and safety law going and we must at all times abide by it. And that's just one thing. By the way this is not BT but everyone else as well.
Fail to follow it will get you sacked and right so as you put yourself/ customers and Colleagues at risk .
Funny I hear people here say all you will need soon is couple of thing to do the job which couldn't be more wrong. People see only what they wish too and conveniently forget the rest.

Oh if only you knew what's on the plate to be dished out . Plenty will eat it up. Hmmmm.