Member Info for smasher

Maybe Cascadura getting the go ahead earlier than expected as that would certainly give it a good rise.

If around 1000 yards your talking around 10 days at most especially if tress are down and roots out. Bloody hell please tell me it's not one excavator and a man with a chainsaw.
Anyone know how long it takes to test the actual pipeline as May seems a long time with just that yardage left to do.

Paul did state that with Cascadura that as each new well drilled will give them a much better understanding on the structures and be able to adjust the reserves against it.
2 wells are happening at Royston this year in Royston deep and kraken which will give a lot more information.
Question
If Royston deep and kraken was good do you think they would side track Royston. The reason I ask is because having 2 poss good wells on the same pad become dangerous for a side track on Royston if possible .

Like I said the market at this present time doesn't give 2 hoots about Royston for the reasons you state and fingers crossed the Royston deep will change that but the question is does that give the market anymore confidence in Txp.
The market will say yes Royston deep is good at let's say 1000bopd but they will be trucking it out for a long while.
Difference with Coho and Cascadura is can Txp deliver on pipeline and facilities which gives a long term future for the company this year and by delivering a second well at Coho as soon as possible gives all concerned with Txp huge confidence that they can.
Royston I believe will be a huge play for Txp but at this moment the market wants to see results from Coho and the world class asset that is Cascadura.
Just my take on it but let's see how it pans out this year as it looks real good if Coho/ Cascadura/ Royston deep are all producing this year plus the share price should be much much higher.
Bring it on Txp.

If Coho comes online and the legacy wells completed by then but Royston not ready then it makes sense to use the rig at Coho does it not. We have 2 rigs so if Royston ready star valley to Royston the other to Coho.
If a second well successful at Coho it will be put straight online as facility is already operating and while it could be less for the second well it could also be a sh.. load more as well .
Difference is its more cash coming in from a 4/5week drill and it proves that Txp can start delivering these wells quickly.
One things is for sure the market at present doesn't give 2 hoots about Royston yet but it absolutely says everything about Coho and Cascadura so it makes a huge statement that Txp not only can bring Coho online but can and has done the second one successfully and got it online very quickly . Txp happy /shell happy / market happy/ investors happy and confidence restored.

Yes mate I did look at that and some of the questions by one individual was ridiculous but they have to act on all that's been put forward.
One question was the road conditions at the junction that the vehicles will use is already needing repair but they will not be using that junction the company said. Hunting was a big issue but looks like Txp have that sorted. I think it was 13 Hunting groups use the land. The rest was about light and noise with up to 56 ( I think )people that could be an issue, but again from vehicles but once again once pipelines in that will be reduced considerably.
All in all not that many Questions asked.
Fingers crossed all goes well in the meeting.

Got to agree that Coho second well makes absolute sense as a instant win and goes straight online and something the market would very much like as that proves Txp once infrastructure is in place they can smash them out quickly.
Cascadura pipeline not a problem as will be done before Txp has completed their end so I can't see much of a hold up on that front. I don't get why people keep going on about the weather as Trinidad weather year round is great compared to many places on this planet that have drilling happening almost all year round.

Anyway like you said get star valley rig to Coho as it would smash out the second well extremely quickly and would certainly prove to market that Txp are back in the zone and firing on all cylinders.

I bet Coho will be online before May plus Cascadura news could come before May so a gamble to take out but then again investing is one big gamble.
Do I put 28 grand in here or buy a new car and I'm honestly leaning towards Txp at this price .
Cascadura first phase this year and Coho plus legacy wells and Royston , then Royston deep if good puts Txp bringing in around 70 plus million before any infill wells.
Got to run it past the wife first but I can't see her saying no to it ( gulp). When they come online this year I just can't see this under £1.50 so easy money from this point .
Just my opinion as always but I believe Paul is right in the fact Cascadura is in the companies hands and Ngc will have the pipeline in before they finish their end. They are shipping over some components already built in Canada so I can't see that being anything like Coho thank God.
Each to their own I say and whatever you do good luck as we always need a bit of that.

About time we see some blue here for once.

Just hope Trinidad gives us the go ahead early on Cascadura and they start using the rigs soon on legacy and Royston deep. The market wants to see real movement on the ground getting these assets into production and it's just not happening.
I want Paul to get his ass out to Trinidad as that's where our assets are and not in Canada.

America to ban Russia oil today .

Which ever way you look at it the starting gun this year should be around 60 plus million and anything more is a huge bonus. The infill wells will just keep adding to it .
Royston will give 675 bopd so very much looking forward to Royston deep as it will give us a better understanding of what we have and will be set up for oil and not gas which fingers crossed give us much better flow rates. I'd be extremely happy have 1000bopd from each Royston well that's for sure.
To put things in perspective America has 1.2 million wells and 850000 thousand produce between 1 to 800 bopd so certainly can't complain about the Royston first well considering it wasn't set up for oil testing for the most part. If we can have between 675 and a 1000bopd that's very good for an onshore well.

So Txp highly confident Royston will flow at 675 bopd when put on production. Very much looking forward to Royston deep soon that's for sure. Would be nice to go after kraken straight after as will be off the drilling pad.
The Ortoire block is looking absolutely fantastic when you think what they have found to date on phase 1. I wouldn't bet against phase 2 being the same or better .

Much appreciated mate.
Goes to show what we have about to hit us this year plus another legacy well and Royston deep and any infill wells. Net back going to be a lot higher as well .. Desmond45 was completely wrong to put that up on the board.
Onwards and upwards.

Paul was absolutely correct in the fact a wall of cash is coming .
Didn't someone put up here roughly by year end if everything goes to plan it was about 60 something million including the legacy wells but Royston wasn't drilled at that point but it did include the condensate from Casca.

Sqz 46 million half year profits so I very much doubt it . By the end of this year txp should be doing well over 50 million with Coho / Casca / legacy/ Royston ,then start adding all the infill wells for 2022/2023 . And that's before anything else we could find
One thing is fact and that is
Txp has an outstanding block in Trinidad that just keeps giving.
Phase 1 drilling was 5 wells of which 4 are big hits and Chinook 50/50 going forward.
Don't know about the rest of you but I'm more that happy to add more.
Phase 2 campaign should kick off very soon and the mighty Kraken and Royston deep.

We know what Cascadura is going to produce and it's huge and that's without the condensate on top. Coho the same which will have infill wells added so Txp know roughly what's about to come. Royston is good and can produce around 700 bopd but let's wait and see when we do the Royston deep as I'm betting with the proper set up it will around 1000 bopd.
By this time next year I doubt we will recognise Txp . It's not a few million coming in but 10s of millions coming in . At the end of day the assets are fantastic and will come online but we need Paul over in Trinidad to push it forward and keep it all on track.

Then what is Panr shareprice based on.

I totally understand the reaction from the market as they know we have fantastic assets but can't even get one well online after 3 years.
While that is about to change and I'm hoping before May and Txp need to pull out all the stops and get Cascadura online in the time frame they have give if not earlier as we can clearly see the market has had enough of the excuses and need to see real improvements.

Because as I say the market is feed up of excuses with Txp and till they see production from Coho and big progress from Cascadura this is what happens. Coho has been a complete embarrassment for the company yet Paul is not concerned as it's not a big a deal as we have money but he could not have been more wrong, and what's more annoying is we investors knew this .
The rns is a good one with the reserves update and Coho go ahead . We are making very good money from the oil sales that's for sure .