Member Info for smasher

Let us hope we have a good day as about time we started the climb back up.

Come on market it's about time this was going back up after weeks on the down side.

Great post mate and recommended.

Just got myself 1737 more a few minutes ago. Let's see if a buy or sell comes up.

Should have put that of course offshore is so much more expensive to bring online and maintain.

Aren't they going through that process at the moment as already done some work on certain ranges of bopd . Under a certain amount you pay less tax. Unless it's now completed .
Just from memory.
I think it was BP that said one of its field they will not proceed with due to not being economic because high tax and royalty so not profitable enough to invest in.

I respect your opinion as I do all mate.

How was that last Rns average . We increased our 1p reserves by 189% alone. We have found what could be a huge amount of oil. That is not average news in anyone's eyes.

Now we are in bargain territory, soon it will be coho alone could cover the share price at this rate.

Just type in Barrackpore/Penal oil in Google as there is lots of info on it. Going back almost 100 years mate.

I would be over the moon with anything from 600 to a 1000 bopd any more and thats a bonus.
Just got to sit back and wait.

you beat me to it.
I was reading around 850 bopd was the average so sink a few wells on that zone and thank you very much indeed.

It always seems to me they penalise great companies for doing well and shift many ridiculous companies up on f...all .
Don't get me wrong this will go up big time and rightly so because it's building solid foundations that will last a very long time.
Just keep the scavengers away.

It is considering we just sell oil at the moment and its around $70.00 a barrel. Most oil and gas are up well over the last week or 2 but Txp are down on what is a cracking reserves update.
Makes absolutely zero sense to me.

Looking good isn't it.
If Royston is as good as we think it is and Casca has delivered again for us then yes between £2.50 / £ 3.00 poss more depending on market reaction. Royston is the one Paul's most excited about and we can all see why that's the case. Just to have the possibility of 700ft of gas across that structure is absolutely huge without finding anything else.
The potential that is underneath is absolutely huge as well in kraken. The potential of this block is fantastic especially when you look at the trend across it we are in the middle.
I do believe that the Ortoire block is going to be absolutely stunning on the grounds Txp know exactly what to look at after 4 successful wells. We have some huge structures to go at this year and beginning of next which if only a couple are successful will push this company into a much bigger league.

This just my opinion but I can honestly see an offer come in end of year or early 2022 as companies will know 100% this block is superb. I think Shell or BP will snap us up . That's if a couple of the big structures are good.
It's ok finding huge amounts of oil and gas but it needs to be put into production as soon as or we could very well get taken out on the cheap. The 2 big guns have been in Trinidad many many years and shell being next door would be the obvious one.
I have always stated ( let the big boys wait) .

Very much looking forward to the Casca deep test which starts fingers crossed somtime next week. A lot of news coming over the next few weeks on both Casca and Chinnock.
Test equipment expected to be onsite (within ) the next 10 days.
Shouldn't take long to test the zones at Casca deep and then pressure test it while we move to Chinnock and repeat.
Txp I would of thought will not jump between the 2 as Chinnock is going to have an extended oil test done so no point.
Bring it on Txp.

To me it was obvious when the Ngc deal came through it was a fantastic deal that was being questioned by all and rightly so but it gave us the ability to just concentrate on the drilling while leaving the infrastructure and permits required to the experts (Ngc / government ) which will be much quicker than we could do it.
Yes it's taken time as you have said but the processes are in place now so should be much faster going forward for both companies.
Been around 20 years since a find of this magnitude on onshore Trinidad and it's looking like it will compete with some large offshore ones, so you can see the good problems in front of us. Pipeline size is not a problem as they will have a field development plans so I can't see them going wrong on that front.

As more infrastructure is needed and we move forward then it will be put in place by Ngc at no cost to us. All we do is drill test and tell them what it flows at and how many wells we going to do on the structures and move on.
The market took a few days to understand it but they certainly like it as we do..
Trinidad need this gas big time so they aren't going to hang around and wait and Paul has stated that on many occasions.
David like I said spot on mate.

We know we have at least 3 commercial on our block and Chinnock is going to be tested . Both casca going through same structure with the second going deeper .
4 wells drilled and 3 at least will be good . At this point that is absolutely outstanding and poss 4 if Chinnock is good.
We have had the drill max out on us and the testing also so e of course are going to be behind but thats in a very good way.

yes considering a rig was supposed to be onsite just before Christmas to test Chinnock and now March.
OK they have done some testing but they could have just said in an rns it's delayed but we are doing other tests in the meantime.
First strike against Txp for me. Paul has slipped up and sure he will be told next week that it's not acceptable . He clearly said the 1st February it would be available. Nobody would of minded if he put news out that its delayed again due to problems .
Everything else in the rns I'm extremely happy with mate.

It will add to current reserves ready for the next report so we will know throughout the year the its getting a lot bigger.