Member Info for smasher

I think absolutely everyone agrees with MJ that they need a top man in Trinidad to move these projects forward who's not afraid to kick ass when needed.
It makes you think that employing locals just isn't working for Txp at present.
Going for a nice Sunday lunch with the family. Have a great day to all.

Sorry I should also have stated I do agree it has taken longer than I expected, but we can't change that can we so we move on to it's completion and first gas from the Ortoire block which no matter what is fantastic news.
Hopefully we will see Ngc do a better job in pushing the crews for Cascadura. We also get the money back for the Coho pipeline.

No it is not in all in Txp's court I'm afraid for obvious reasons. Government/ local councils still have huge control over the process on most aspects with safety being the most important and trust me they will stop a section of the job without hesitation on the simplest of things( I've had it done to me many times ).
So so many things have to come together for an underground structure to be put in it's bloody frightening. If you have a fantastic
crew it can be done very quickly but you do need good luck as we all know when doing projects something will always rear its ugly head when you least expect it.
Anyway we must be due news very soon.

NGC have already been given regulatory approval for the gas pipeline
Some one posted it up on here .

I'll be really pis... off if Paul comes out and says thanks to our staff and contractors/ government for doing a great job in getting the coho facility online as it's been nothing short of totally embarrassing by the lot of them.
Personally Txp should of raised money from the market to continue drilling in this period and I'm not talking a huge amount but enough to do 2/3 drills especially when you think that Royston would have been st and flowing .
Need Paul in trinidad from now to at least Cascadura first gas to push these so called workers. And no more bs about the weather as machines can work in rain extremely easily as do people every single day around the world .

Shell must make very good profits from oil and gas In Trinidad or they would be here for over 100 years. Also didn't shell drill 2 new oil wells on the onshore central block last year. Do agree that shell at this moment would just wait and let Txp prove the Royston/ Kraken up then if interested would make a move. To have Royston and Kraken plus Cascadura would be good for any company at the right price and obviously producing so we great good value.
Dare I say news anything now .

Yep and I put in a recovery rate of 17% but could be more could be less. The point is absolutely nothing has been added for Royston whatsoever. Basically it's worth a crap load of money. Just got to see what this side track will do for Royston but we do know the bottom section can flow at 550 bopd and no water and top section I think was 75 bopd but could be wrong on that bit.
What's people's thoughts on a good realistic flow rate from the side track if successful at Royston. A few here have said between 750 to a 1000bopd would be great and I'm the same. Also got to remember if it flows at that rate its straight to market.

Hard to say what the share price will be as we are talking Aim it's as simple as that. Take Royston for instance and the market has add absolutely nothing whatsoever for it so if it flows at let's say 800 to 1000 bopd it brings in to the equation hundreds of millions barrels of oil and what they can recover from that. Let's say they can recover 34 million barrels at say $30 average so that's around 1 billion dollars and could be more and of course less.
That's a fabulous find as Paul and the team have been saying and alone could be worth 5 times our market cap . What does that actually mean to the share price on Aim is anyone's guess but those assets would just be building up producing many tens of millions year on year profit.
Txp share price ?

All coming together, just need the all clear from government as nobody wants to see any more delays. Paul clearly stated the pipeline will be completed before Txp are done so am I right in saying 16 to 18 weeks for Cascadura to come on line. I would like Paul in Trinidad while this is happening to push this because investors will not be happy with a delay on Cascadura especially after the Coho farcical.

Yes a slow rise will do just fine up to news . Been a long wait for first gas but I just keep thinking this one well will double production straight away then Cascadura gas and condensate in around 4 months time will be huge . Coho 2 and Royston st as well fingers crossed makes for a very interesting year ahead.
Really hoping they can get between 750 to 1000bopd from Royston as that will also send a message to the market that Royston is actually a huge find and money generating straight away. Yes much to look forward to.

https://guardian.co.tt/business/first-gas-from-touchstone-delayed-by-two-weeks-6.2.1498989.18b7a432b6.

Says 5000 to 7000 bopd in 2 years time and I read it the same as around mid June for coho.

Much appreciated mate. Definitely need my eyes testing.

Can anyone point me to the document that say reviewable five years after first gas. I've seen the Rns Txp put out but can't see that. Then again I do need my eyes testing.

Glad it's just your opinion which means absolutely nothing in the grand scheme of things. Basically the same as your comment about Royston being a duster.

6408/2022 2022-04-12 Primera Oil and Gas Ltd 25 Abandonment of 18 wells in the Koilan Block Gowers Well Road Fyzabad

Much appreciated for sharing.

Very interesting the 3 belts across the southern basin in Trindad and the fact they have repositioned them to the correct position. He didn't want to talk about that to much when asked and said something I could understand but when you look at the picture it hit me.
Onshore blocks up for grabs and bingo.
............. Guayaguayare block............

Thanks for posting.

That presentation is fantastic and definitely helps you understand why Txp wish to drill kraken. Xm is on the ball that's for sure and I liked the part about the Ortoire block and how it came to be and why its different to other parts of the southern basin in Trindad.
Much to look forward to on the next phase on drilling and that is why I invested here because they are looking at in a different way and having great success as we have seen.

Thanks Xm that was a great presentation .

But Mr expert says otherwise and his been in the industry decades. Like I said duster my ....