Member Info for smasher

Hard to believe that 88e has a MC now of 291 million against our 279 million the market has gone mental

On another note doesn't IG have to be done by today 29th march.

If chinock is good that could hold more gas than Casca so we could looking at well over 1 TCF of gas from them and that's without the condensate so that alone you would think is above £2.00 . Bloody hell if Royston comes in and again due to just how big it is it could hold well over 1Tcf of gas so I think £ 2.00 would be blown out the water and probably £3 .
This share price as it stands is embarrassing to what we have found and the first well will be coming online in April .

16th March on YouTube.

The share price is embarrassing.
88s Mc is £219 million while ours is £273. Million . I just keep shaking my head.

I've had another look at the interview last week with Paul . He is so upfront on the questions it is amazing. The institutional investors are not needed and would have to buy on the open market as Paul says we really don't need the money as fully funded up to production then the huge money comes in. My heart sinks for them as we put the money in to help them get to this point as well so I'm delighted that they will have to pay the going rate if they want in just like the rest of us.

Managing expectations is huge for Paul but you can see he is very excited about Royston and kraken which look absolute monsters especially as Royston has that 700ft of gas from the old shell logs..

Again the reserves have gone through the roof this year and the market has given nothing whatsoever for this . Fingers crossed we get some amazing results over the next few weeks .
Another great interview by Paul but I'm expecting him to do a lot more if the results are good.
Bring it on I say.

Chinock may not be as prolific as Casca and may only produce from one zone but it certainly can be classified as world class if the test comes back as a crap load of gas in place. The other thing id like to say is, why would Txp spend a huge amount of money on an extended well test if they didn't see a good volume in the first place as that makes little sense to continue. They are testing to see how much oil there is down there. Of course it's only my opinion but it could very well be a huge find especially as Chinock is much broader than anything else we've found up to this point.

We are pi..... in the wind till we get news which could be any day .
Bring it on Txp.

Hope we get between 600 and a 1000 bopd from extended well test from Chinook which would put us in the same bracket as the central block if we had four 4 on Chinook plus the gas if all good .
It's looks to me that Chinook and Cascade will put shells block to shame in fact I think Cascade on its own will do that and news could drop literally any day now.

I was going to post some information to you about the wells on central block the other day but my broadband at home is being done on Monday ( fibre problems ) .
It wasn't well logs but the company information on certain wells mate.

You have to laugh when 88e has an MC of £196 million and nearly 12.2 billion shares and we have 209 million shares and an MC of £ 285 million. Market is absolutely crazy. Do we really expect anything else from Aim. And we have a crap load of gas and condensate and anyday poss a crap load more..

Out working today but just put in central block and work your way through vermilion reports on wells as it almost describes Chinook the exact same.
I will try and post later if poss mate.
Getting some crap from contractors at moment so better get back a sort it. The joy of still working .

Like I said check central block ( vermilion wells ) as almost exactly what Chinnock found as in water lower sands then oil above and gas above that with oil flowing from 650 bopd to over 1000 bopd . Not world class in the fact of flow rates but world class as the asset just keeps producing 20 years later and still going strong.

I've been doing some research on the central block and I can almost certainly say Casca alone is stunning in comparison and will produce more gas a condensate. Chinnock correlates more with shell in terms of the central block. If you read Vermillion energy reports from 2001 to 2003 it will give you a much better understanding of just what has been found by Txp in comparison.

Central block was a stunning find and Paul has stated just how good it has been over 20 years . 4 wells producing 25 million barrels of oil in that time if I've got it correct so around 850 to 900 bopd on average times 4 and I have taken 20 days for each well a year off production for maintenance.
I'm so looking forward to Casca results as we will clearly see its far bigger than Shell has onshore Central block. Chinnock hopefully will just keeping adding to it.

We have had the reserves update which was fantastic and now await the testing for Casca which if good will increase it much further and thats without the deep being done. Txp has found something special and they know it and to me the only problem is so do Shell and the other big companies.
As I have always said....... LET THEM WAIT......

Paul said test is around 2 weeks mate.

Did Paul say he was going to give news when each zone has been tested. Getting old i can't remember.
Paul is more than happy they have found oil at Chinnock and as Bully says it's a lot broader than Casca so could be big find, let's hope for some amazing results over the next month.

I was just thinking about Chinnock poss not as good as Casca but if it only produces double what coho does and also around 1200bopd thats poss a 20 million dollar a year well sitting there. I'd be over the moon with that. Add in the infill wells.

Wonder if the Chinnock oil find is on the 2 week extended test yet. Casca is hopefully being set up ready for testing anyday now so a few weeks for that news . Fingers crossed for good news from all the testing over this period.

Thank God Txp are not look to raise any more money. Not sure i want news till those selling have finished.

Delays will happen going forward as with all companies in this sector but the Ngc deal will absolutely cut them down due to Ngc putting all infrastructure in for us and are experts at doing so.
You certainly can't pick Coho as an example as Txp and Paul has clearly stated they had no idea the complexity of it all in building and getting it all pasted and what didn't help is government hadn't done this for 20 years onshore.

I agree with davidblack that a bigger pipeline should be put in but it's our opinion( Chinnock and Casca) but await results but again Ngc will do so if needed.

World class is not all about massive flow rates so let's not go down that route as longevity is important. ( shell just a stones throw from us comes to mind as it just keeps going .

I do have a question for the few here who have worked in this business. We know the casing was change for Chinnock but would the casing need changing for the deeper drills due to higher pressure as over a certain depth the drilling gets much harder i believe.
Let me take Royston as an example and that the well design is good and gas confirmed and tested. Would the well design for kraken be the same down to the point of find or do they start for scratch again on each well even if going through zones already know.
Hopefully not a daft question but it does intrigue me.

My God all, we have but a few weeks to wait and get the information we require. Most posts just opinions on what they see at this moment with some acting on them which is correct if that's what they believe. I could counter most of what investors have said here but it's just my opinion and nothing more.
Everything that's happened to this point I have no problem whatsoever concerning how Txp has moved forward in what has been a truly shocking time this past year.
The very fact Txp stand out as being one of the best performing oil and gas companies this past year is a testament to them .
The one think Paul should have done is let us know sooner of delays, and while I was annoyed at first I could understand he's explanation as to why it happened but they still tested the zone at Chinnock and got oil .
Each to their own and good luck to all.