Member Info for smasher

Wonder what the netback is now as must be $40 plus.

The market wants to see production from the Ortoire block it's that simple. Coho good but no production/ Cascadura good but no production/ Royston good but small production due to problem. Of course over this year we will have an absolute huge production increase and as we keep saying it starts with Coho. Assets are fantastic but nothing coming in from them. Good rns around but now we need those rigs drilling as quickly as possible.

Our independent reserves evaluator estimates that the Royston structure has a low estimate of 128.3 MMbbl, a best estimate of 165.7 MMbbl and a high estimate of 211.7 MMbbl of total petroleum initially-in-place from the overthrust and intermediate sheets of the Herrera Formation, with no estimate provided in the subthrust sheet.

So a lot more reserves to come from Royston then . Same with Cascadura so very happy with that.

Maybe shell will want to get a move on now with Coho as they are shipping out of Russia or buy us.

Just got another 3178 shares to add to the pot.

Both companies will do very well going forward.

Bearing this in mind, Trinity started a farm-down process in November to find a partner for its Echo fields, which house broker Cenkos estimates could have peak production of 7,000 bopd and require capital expenditure (capex) of $150mn (US$8 per barrel). Assuming a farm down is completed by the summer, then first oil is likely by the end of 2023.

Basically Royston could out do that and is already bring in money and that's without Cascadura / Coho. Like Paul says we will produce more than some offshore fields around us. Not bashing Trin as its a good company but it does show you just what Txp has.

Shorts closing by any chance .

Oil is absolutely flying up . Net back is going to be very high .

Get them wells drilled.

Fingers crossed Txp will give me a nice retirement present as my wife just said.

No I actually did not see that and hold my hands up if that's the case . But still could take that long to sort out is just unbelievable by anybodies standards. Why would Shell do that after agreeing the pipeline could go the facility before Christmas.
Anyway I just did not see that bit of info so I apologies to you all .
Just getting old I guess and why I've closed all my investments but 2 and retiring in 13 months.
Cheers all.

What I can't get my head around is it was ready towards the end of January yet could take to May to bring online. The question is why as that's around 2 million that could've been in the bank for Txp. Could do with a bloody good explanation as to why that is not the case.

I understand that but negotiations has been done or no pipeline would have been put to the facility that's a fact . You don't put a pipeline in and then negotiate afterwards. Surely the prices would have been agreed before and not after by Ngc. Maybe Shell or Txp want more money for the gas as the prices have gone through the roof.
Just my opinion.

Agreed with Ngc Trinidad or we wouldn't be putting the pipeline in to the central block owned by Shell . Agreed before Christmas and everytready to go so why a poss 3/ 4 months just for permission to turn on.

Got the assets just need to get them online as just not good enough at the moment. Coho is getting to be a total embarrassment for the company considering it was ready in January and could be April or May before its online.
I just can't get my head around it as shell had given the go ahead so it's got to be the government. I'd be surprised any body goes for the onshore/ offshore blocks as Trinidad is just so slow at anything. Like I said Mr Young talks the talk but that's it as we are seeing. Desperate for gas yet can't be bothered to pull it's finger out and do the work required.
Paul needs to get out to Trinidad and start pushing them face to face . Always next Tuesday as Paul says. Just my opinion.

Absolutely I couldn't agree more. I'm really hopeful Paul comes out fighting with the reserves update and coho news coming. Fantastic assets but he needs to get to Trinidad and shake it up .

Nice and to think we have Coho and Cascadura and it's condensate to come then Royston deep.
The infill on those structures is going to generate that huge wall of cash going forward.
I'm up for that mate.

All I keep thinking if Royston holds a sh.. load of oil and we haven't even reached the bottom then we have the mighty kraken underneath it .
Amazing success rate so far and long may it continue going forward. I think if you have the legacy wells plus Coho/ Cascadura/ Royston/ Royston deep all flowing and kraken at least drilled and good I'd say it would over £2 but this is aim so could be less could be more.
Those reserves are about get a lot bigger in the next few weeks that's for sure especially if Royston is added.
Much to look forward to this year but we need a certain Mr Young to get things moving quicker.

With Royston on top as well will have 3 wells on that beauty with one soon and another for kraken towards end of year. The share price is absolutely a bloody bargain at this price that's for sure.