Member Info for smasher

I was going to say most here are sitting on huge profits . Casca is worth around £1.40 plus so undervalued at the moment by a considerable amount. If Royston is not good I'm waiting in the wings to pounce for obvious reasons like everyone else. If they wish to drop it to 60 ish I'm ready.
Got to love this game we play. A win no matter what.

As Paul has stated a reserve update after Royston.

Just how big can Cascadura get when you think of that pipeline to the main. Anyone else thinking Cascadura has a lot more to give!

https://media.ngc.co.tt/wp-content/uploads/2021/09/2021-09-04_notice_works-at-poole-valley-cascadura.jpg

Fingers crossed news next week. We've been waiting a long time for this first well and won't take long to put the pipe line in. And it all starts with little Coho that will more than double our production.

CASCADURA PROJECT
by Chinara James | Sep 2, 2021 | Works and Public Safety Projects | 0

Residents/business owners are encouraged to share any comments or concerns about this project. Submissions must be made between September 4th and 14th.
Cash is going to be coming in in the roughly 6 to 8 weeks.

Makes it more imperative we drop another well as soon as possible on Coho. Makes absolute sense to do so with it being extremely quick to bring online. Royston news very soon then and legacy drill news soon followed by 3 more.
Bring it on I say . Kraken next year and that's a huge structure like Royston.

The test equipment isn't being used as aren't we the only one's drilling at the moment this year so fingers crossed we can get on that quickly if there is something to test. Not long now to find out.

I'm hopeful that they will do a second well at Coho quickly after it comes online as every thing in place to bring it online fast . I for one will feel more confident and I'm sure we all will that they can bring these wells online and it all starts with Coho.

Just to say that the reason the share price hardly went up on the confirmation of the NGC gas contract was we couldn't work out what we would be getting.
Paul a few weeks later told us what we would roughly get and the market reacted on that news.

Do people remember Paul actually saying that they had almost forgotten about Coho when they realised that they had found a world class find in Casca, then reminded us that Coho would more than double our production when it comes online.
That to me is a significant step forward and the market fingers crossed should react well to it. Of course the focus is on Casca and Royston but Coho is a cracking well to get us off the mark .

If Royston is a no go the price will drop but the problem is the market knows that Casca is worth as it stands around £1.40 and they are fully aware that a lot more to come with the reserves update after Royston. Drop it to much and every man and his dog will come in on the rebound. As Paul has mentioned the market has totally understated just how big Casca is. Gift horse or what.

The legacy fields first well we could get news before Royston . The old rig used for the legacy fields could drill a well injust over a week, but God knows how the new rig 205 can cut upto 25% off drilling times . The advancement in technology in just incredible when you think about it.
Bring in on Txp.

So we are looking at roughly 7 days to drill the well from start to finish. And the rig can be put up in around 3 hrs, let's call it a day haha.
Lots of news coming in the next few months.
Fingers crossed its good.

Thanks mate , I understand the reason why Paul said it's not up to the job. Makes total sense as you say

Cheers all , just wondering if that made a difference as I had it in the back of my mind about Paul mentioning saying the casing wasn't up to having maximum flow on Casca st1.
You can understand why it takes time to get these wells online a little better .
Thanks.

If memory serves me right wasn't Casca st1 not able to take maximum flow as casing wasn't up to it so they changed that for the second well. So does that mean they can produce better flow rates with better casing or would it mean it more stable with the new casing so the flow remains the same and more stable . Of course I know the deep us damaged and the flow is impacted by it.

Is fully developed it will produce up to 5000 barrels of condensate a day plus the gas.

Paul thinks Casca when developed will produce up to 5000 barrels a day which is fantastic . Can you imagine if Royston is the same but much bigger and then kraken underneath it.
What an investment this could turn out to be for all here . £ 0.82p in my eyes is bloody bargain considering at this moment we should be up around the £1.40 Mark.
Bring the lot on I say as I can't lose even at this price.

Once the Cascadura development plan is passed nothing can hold it back, yes a bit of a wait but everything in place for them to drill drill drill and not keep going to ministry for permits and all the rest. If Royston is successful they will do the same with that no doubt.
Agree with Scott that I can't see a big rise on Coho but it prove to the market we can get them online a big money coming in at last . If Royston is successful and as good as they thing then that would definitely rocket the share price up substantial. 25 to 30 days for results on that one fingers crossed.
Bring it on I say.

I don't agree with M-J that the company should keep explaining how big Cascadura is or accelerating reserve update schedule.

Sorry but I agree with MJ on this as if the market or Txp have understated just how big Casca is then it's his duty to put that right. On the reserves front Paul has clearly stated it would be after Royston but Royston is late in spudding.
Paul stated this only 3 months ago.