Member Info for smasher

Yes thats true mate and then creeps back up ready for news and when it comes it always takes a few days before a surge upwards. The deal being the big one as the market took a few days before responding to it.
Going to be an interesting few weeks ahead of us thats for sure.

Dropping this down on very low volume, so let's hope whoever is selling will soon be gone .

Sorry mate , I assumed it was for testing wells.

This was due to start in December and rig immobilised to site around 23rd December but been delayed as Paul stated then the approvals would be sorted before that point which would span a certain time frame. They would be leaving it very late if the Testing company are due on early next week.

If we have 1 to 1.5tcf at Chinnock and casca combined and the share price is let's say £2.20 and Royston can match that or there about then you have to say this would go beyond £3.00 . We have 209 million shares in issue which is very low for an oil and gas explorer. I've a feeling we will hit oil on casca deep or kraken . Hopefully kraken as its huge.
Not long to go before Chinnock testing gets going. I'm certainly not going to give my shares away on the cheap .

So looking forward to these results and info. Hoping casca can deliver condensate at around the same as other well (2500) and poss better gas rates due to 300ft of new play. We are about to find out so bri g it on Txp.

This board has been fantastic last year with many contributions that have help us all in some way. Just talking about this and other shares with no backlash if you get it wrong . Been on many many boards that just talk each other down and attack each for a simple mistake.
Off course it does help having a company like Txp that communicate with it's investor's as soon as they possibly can.
Can anyone here think of something Txp could improve on in its communications with investor's as I can't.
All in all an extremely well run company.

Till results come in we are pi..ing in the wind. The flow rate could be higher than casca with Chinnock or a lot more condensate which is worth a lot more . The reserves could be far more and remember casca is not drilled to full deep and as Paul says its a very big structure and for all we know contain a sh.. load of oil which changes the game completely in terms of revenue.
How can Txp know how big casca is when they haven't completed the drilling of it.

These results are not just about flow rates they are about getting a better understanding of the structures found and everything that goes with that . The fact very much is very time they drill down they hit a load more pay to the point they can go no further as the rig is not up to the job and thats with a top drive added to help.
Casca is turning out to be an absolute monster of a well yet Chinnock is bigger ( broader) . Of course the share price will be higher on results and may well go £2.50 as some say but what does the structures contain and we won't know till casca deep is done . My opinion is casca and Chinnock hold well above 1tcf of gas and of course some here like me have always stated they could be connected.
I believe this year will be absolutely stunning for Txp and shareholders alike. As always just my opinion.
What a ride this has been so far and this year fingers crossed will be no different.
Bring it on I say.

Well results soon so will have a shed load more info to work on . I've seen so many share price predictions my head is spinning.
I think each and every one of us mate has had to re assess this company and targets many times so far and will do so again this year . My first target was 60p then 85p/ £1.10 / £1.35 /£1.60 and next £2.
I just was not expecting this from Txp from the first coho find and as we can see it's just exploded with find after find and know we have Royston and kraken to go at . If just one of those 2 come in then I'm just guess the price till info comes out but it would be a lot lot higher thats for sure.

If your like me mate then what a ride this is going to be as not often on Aim do you find a company so well run and has 2 world class assets to date and poss another 1 or 2 by early next year.

I know it sounds crazy what I've said but with 2 world class gas wells found and Royston known already to 700ft of gas while being so much bigger than the 2 world class finds combined then you can see my point. Then kraken underneath Royston is just mind blowing for us all. I believe Txp have found the holy Grail even without kraken on trinidad as our block looks absolutely fabulous. Without doubt we will be the biggest onshore producer of gas in trinidad and poss even out stripping some off shore producers to boot.
Love this company and how it's being managed.

The field development plan is being work on , but what I would like to know is after results we have up next Royston in April or May so are Txp going for a 2 rig approach as in one drilling exploration and the other for infill

Would people except we would need a small raise of money to implement that if need be through the banks or shares to push the project forward . Surely it would worth every penny to do so as it would be a one off to say get the first say 4 infill wells done bringing in much more revenue. To continue at that pace .
If Royston is as good as we all think then that's many more wells next year on that structure and on top that if kraken is good as well.

Surely 2 riges will have to be working as it would take many years with just one rig on the go . 16 well poss at Chinnock and casca and if Royston is good then it starts getting crazy if you see what I mean. If and its a big if that kraken is the Holy Grail às I think Royston already known to have 700t of gas effect is good then we are going to have a big problem.

Yes I'm looking forward but at what point do you say let's work on what we have before moving on . I would say after kraken if both Royston and kraken are that good. Always just my opinion but you can see that the amount of infill wells would be huge taking many many years to complete. When I say we would have a problem it's a fantastic problem.

10 days and the testing starts at Chinnock but hoping they get onside earlier than expected.

Could very well be what you say mate .

So is it 16 wells plus's the 2 already done. Looking at what Paul said then casca and Chinook
Should produce roughly 420mcf/d.
I'm really hoping Chinook has condensate at around the same rate as casca as that could be around 400 to 500 a day each from them wells . Paul has said that casca will do around 2500 from the wells so fare.
That would be fantastic but just got to wait for theses next 2 results.
The potential is staggering from our block that's for sure.
Don't think I'll be selling these for a while that's for sure.

Paul knows Trinidad are desperate for gas big time so very much in both parties interest to be done as soon as. Don't BP put own pipelines in to connect to NGC.

McCangts
Thanks for info on tax mate.

Wonder if heritage will take 20% going forward after Royston . Does that mean they have to pay up on costs.

No expert, but people can always e-mail the company and they will be glad to help.
May be worth a shout just to confirm if any other taxes is to be payed . I'm sure Paul would have said as he stated twice about it.

Thats for the gas , oil will obviously be different as taxed depending what you produce as it changed i think last year that actually benefits us at the moment.

Paul has clearly stated what taxes and cost to get out of ground at least 2 times.

This is from July 2020.

Property taxes
The moratorium on the payment of the property tax ended on 30 September 2017. However, incomplete land and property valuation assessment rolls and legal challenges have led to non-collection of the tax since its reinstatement.

All ‘land’ in Trinidad and Tobago is subject to property tax. Land under the Property Taxes Act (PTA) is broadly defined to include land covered with water and all buildings, structures, machinery, plant, pipelines, cables, and fixtures erected or placed upon, in, over, under, or affixed to land. The PTA stipulates the process for arriving at the quantum of tax payable as follows:

The Commissioner of Valuations is to assess the annual rental value (ARV) of the property.

For the purposes of computing the ARV where a rental value is not readily available, the capital cost of the property is used and converted by applying the following factors:
Residential: 3.5%.
Commercial: 5%.
Industrial: 5%.
Plant and machinery not housed in a building: 3%.
The Board of Inland Revenue (BIR) will determine the annual taxable value (ATV) using the ARV less such deductions as it sees fit for voids or loss of rent of 10% of the ARV.
The applicable tax rate is then applied to the ATV, as follows:
Agricultural property: 1%.
Residential property: 3%.
Commercial property: 5%.
Industrial plant and machinery housed in a building: 6%.
Plant and machinery not housed in a building: 3%.

Bloody Samsung tablet is doing my head in. That's my excuse but I've always been crap at spelling haha.