Member Info for smasher

At this moment Txp are an oil producing company and with the oil price fast approaching $100 dollars a barrel you would have thought Txp would be flying up as they will be making an absolute fortune at the moment when you add Royston and the 2 legacy wells to existing production. Can you imagine when Coho and Cascadura come online and the added condensate from Cascadura as well. Let's not forget Royston deep as well.

So January absolutely everything in place for Coho to be turned on yet up to May before it actually could be and the reason for such a big delay is what exactly. The market is punishing Txp and rightly so for such a poor performance in bring Coho online. Without a doubt they don't believe Paul can bring Cascadura online end of July/ August after such a display.
Paul said it didn't really change much to when Coho comes online as they have the money to continue but your investors said it mattered a lot and the market absolutely agrees with us as you can now see.
Stunning news about Royston for sure and to think they haven't even reached the bottom . Kraken could be just as good or better fingers crossed and find out towards end of year but poor show on delivering money in the bank from those assets. The Ortoire block is turning out to be nothing short of absolutely stunning .

Time to get the wallet out a purchase a few more as it only sitting in the bank earning f all.
Bring it on Paul ( coho that is ).

Stuart R Young@StuartRYoung1·5hMet this morning with the Board and Executives of Trinity Exploration and Production Plc. The MEEI will continue working with oil and gas companies to ensure increased production in TT. We also discussed efforts and initiatives being taken in the decarbonization space

I'm very far from being an idiot my friend, but it is obvious we need news as you can tell by a lot of the posts .

The wildlife camera picked up 43 tankers, 6 cars, 2 mini buses, 7 walkers, 11 birds, 3 cats a dog and 5 butterflies and I could have sworn I seen Paul trying to thumb a lift from a women on a push bike all in a 24 hour period.
One last thing the satellite image shows they have put the pipeline to the wrong facility.
Good luck all.

It's getting extremely embarrassing that we can't get Coho up and running let a monster like Cascadura in just another 5 months time and we haven't even got the go ahead on that.
WTF is the hold up on Coho that could take upto 60 days as that's around $800000 lost in the delay.

The story maybe intact but the share price certainly isn't that's for sure. And Paul is almost saying is doesn't matter about Coho taking longer as we can carry on drilling cause we have the money.
It matters a lot Paul to your bloody investors and the market so what part of that don't you get.

I'm getting to the point that I want kraken done and then use the rigs to do the infills on what we have already found before carrying on exploration side .
The market wants to see results from what's already been found which is just not happening . Mr young needs to get this all sorted and quickly as it's getting embarrassing for Trinidad who our desperate for gas .

I couldn't agree more about your words on Coho and the market agree. Oil and gas has absolutely shot up yet the share price stand still and knowing we could be producing around 800 bopd plus from the 2 legacy wells and Royston and Coho.
So so undervalued it's just crazy . .etc just hope we get a good rise from the news over the next few months mate.

Sorry what I mean is do Heritage pay 20 percent of the cost now as they haven't payed for the first phase if I'm correct.

Keep pumping that oil out at nearly $92 a barrel. Anyone think it's going break through $100 this month. Those 2 new legacy wells and Royston will be fantastic for us . Drop another well in at and Royston in a few months and boom.
Looks as if Royston could be an absolute money making machine. Does heritage have 20% of the second phase of drilling or is it 100% Txp as that would be outstanding for us.

And that's why Paul said we have found a world class find that is better than some off shore blocks around Trinidad. Yet still a lot more to come from Casacdura me thinks.

Absolutely Scott, this year is going to be special for all interested in Txp. We are not talking a few million but tens of millions rolling in from the Ortoire block this year. The outlay to do these first five wells will be blown out the water well within one year. I sometimes think people have forgotten Cascadura condensate is also worth a small fortune. Put it this way that one year from now Txp is going to be seriously in huge profits and very very little can stop that.
I'm with you that I keep adding each month and will continue to do so at this crazy price.

Very much looking forward to this year and next especially if this phase of drilling is as good as our first on the Ortoire Block and I wouldn't bet against that with the team they have that's for sure.
All I can say is bring it all on.

Coho and the 2 new oil wells will produce around 7.4 million a year with a net back of $30 dollars for the oil . Then you have 2 wells fingers crossed at Royston and another 2 at the legacy fields.
Say the 4 produce around 2000 bopd that would be around 30 million a year and that's without Cascadura gas and condensate and that's this year. F... me can you imagine if kraken underneath Royston is good.
What a year this is going to be for everyone in Txp. £0.90p a bloody bargain as we know Coho/ Cascadura/ Royston will be bringing in an absolutely huge amount of money this year.

I've looked at Paul's presentation from the 20th of January again and was wondering about the tests on the Royston well.
Will they be working on the oil water contact after the tests or will they just let it run as is .

Thanks Mj
Looking at some of that info it's extremely hard to begin with as so much for Txp to sort out and how it can change quickly. I'll have a good look at it over the next few day but the reality is it's by far more complicated than I'm betting most here think.
Thanks again.

Absolutely it's seems a luxury Mj that's for sure. Mj was Paul correct in saying that if the bottom section had been set up for an oil find it could poss flow at around 1000 bopd. Is this why Txp want to go almost straight back in at Royston. Thanks Smasher.

Yes I certainly believe Royston is going to be a moneymaking machine and if it's as big as they think it is then it's going to be huge especially if kraken also comes in as well. I may be wrong but didn't Paul say the bottom section of Royston could poss deliver up to a 1000 bopd if it would have been set up for a oil test.
He stated did he not that they had to use heavy mud to control the well before the could do the next test.
Didn't MJ say he would be happy if they could get around a 1000 bopd from Royston but I'd like to know others thoughts on there could be possibly be far more than a thousand bopd.
In other words is Paul correct about the bottom section believing it could do around a 1000 bopd if set up as oil and not gas. That makes a huge difference from that section, if that is correct we can totally understand why they are going g for it.
Just asking as it would put Cascadura in the shade a bit and that a worldclass asset that will just keep giving.
I ask myself why do they want to drill Royston deep straight after the first results.
I'm verymuch looking forward to this year's reserves update but when you look at it next year's could blow this year's out the water.
I agree that if Royston deep and kraken comes in then use both rigs to infill what we have as we are talking many wells on those structures.
Just my opinion as always .

You heard it from Paul that Royston is not priced in whatsoever yet it's looking like an amazing find . Cascadura isn't anywhere near priced in and on that I've taking ever opportunity to keep buying when funds are available.
I can't even guess what Txp will be making this time next year as just so many wells drilling this year that can add to production.
Just an absolute crazy company to be invested in and one I'm absolutely loving everything about it. I often hear investors say never fall in love with a company but its not about that it's about what you see before you and being part of a journey that benefits both investors the company and local people.
I invest to make money but by doing so I invest in helping others in all sort of ways.
Txp have done it the right way from the beginning and that's why we back the fully and let's face , what a fantastic job they have done and we know they will continue to do.

Well done all Txp management team.

I keep think that the reserves update will be fantastic this year with Royston and Cascadura deep but then you start thinking that if this year is fantastic then what the f... is next year's going to look like with Royston deep and kraken and infill wells.
July fingers crossed will see legacy wells done Cascadura online and both Royston wells making a sh.. load of money.
Bring it all on .