Member Info for smasher

Sorry mate but I've seen him on the boards for many years and while he may have an off day or 2 he is absolutely fine. And we all have an off day now and then. Of course if he being knocked by people because he gets something wrong then people shouldn't lanbast them for it. ATB.

Canada is 2.20

Enjoy Paul and team especially after a cracking year we've had. Now on to results of Chinook and casc deep and the mighty Royston next year.

Just got to wait for results mate but yes could very well have that amount combined. Yes Chinnock is if memory serves me right is around either 2 or 4 times bigger ( broader) than casc so expecting good results from it. Casc deep as Paul states the best drill to date so also expecting great results also.
I will keep to 1 Tcf and anything more is a huge bonus .

I still believe casc and Chinnock will have over 1 Tcf combined with the deeps still to do which is a very big structure. Work still in progress but even without the deeps don't they look a fabulous find and world class. By far the biggest gas find onshore trinidad. With Royston which is known to have 700tf gas effect and absolutely huge compared to Chinnock and casc combined it could very well blow those 2 out the water in terms of gas.
Very much looking forward to 2021 as I believe it will better than 2020.

The results going to be very interesting with Chinnock being a lot bigger than casc and then the fact casc deep Paul said was the best well drilled to date. So no infrastructure to do and just drill wells sounds good to me .

Without a doubt more money is needed till end of 2021 if we are having 2 rigs on the go with one infill and one exploration . My thoughts are we need around 40 million as well as what we've raised recently with 2 deeps to do and poss 3 infill wells between Chinnock and casc but maybe slightly less as coho will be online. The reality is Txp has hit the jackpot and needs to bring the assets online by year end .
Royston if as good as we think will need more wells but it will be covered easily by that mountain of cash coming in.
My guess is 235 million o 240 million shares in issue by end of next year. Just my opinion and only If 2 rigs on the go.

The deal is amazing for sure but income generated from the wells is going to change dramatically if we are going to have 2 rigs working on wells next year so extremely hard to work out figures but that does give a rough baseline to work from.
We must not forget about the condensate which at the moment Paul said is around 2000 barrels a day and await to see if Chinnock produces condensate. The figures are going to improve dramatically over the coming year.
Anyone else excited about what's coming in 2021.
That a year this is going to be for all concerned.

Haha you would be correct Wrongun. But will certainly add to my holdings.

I will add tomorrow on that for sure. Can you imagine when they infill casc and Chinnock of around 10 wells between them. If the market don't get it now now they are going to be in for one hell of a shock towards the end of next year.

1.6 to 2.2 billion for the gas to date condensate not included and expecting around 2000 from the casc wells to date as Chinnock has got to be tested yet. Rubbing hands together hoping for more condensate at Chinnock.
Absolutely fabulous deal done by Paul and the team. Let the market pick the bones out of that beauty.

now thats what you call an outstanding quick interview with Paul. I think scott22 say it all .
Got to remember that the 1.6 to 2.2 billion is just for coho Chinnock and casca to date. Another mention of the mighty Royston as well and test results from Chinnock in January. $2.5 dollars at well head price.
Think he has just stuck 2 fingers up to the market haha.

Absolutely it's a win win for all concerned. The Txp team have done an outstanding job and will continue to do so next year.
I look forward to the results of these world class finds over the next few months. I said earlier that I would prefer a slow climb upwards but I certainly expected this would be around £1.35 to £1.40 on a multi billion dollar contract signed and not at 1.5p higher and looking like going into the red .
Should get results on Chinnock end January fingers crossed then onto casc deep .
Very strange day here and can but laugh at how the market works. And we move on to next bit of outstanding news.

You do have to laugh at the market when a share can rise 20/ 40 100% on nothing yet a multi billion dollar contract gives a 2.01% increase to a company that is outshines most aim stock hands down and is about to get even bigger.
Is the market corrupt , well this could point you in that direction couldn't it. Just my opinion of course.

I think Paul said around 8 to 10 wells on Chinnock and casc so do the maths on condensate alone at let's say 1100 boe/d of condensate. The picture just gets bigger and bigger. Royston I'm not even going to go there .

Should have put at a around $39.00 a barrel we will know a lot more after testing casc and Chinnock and if we get roughly the same condensate from them as I stated below. As Paul stated a multi billion dollar contract done.
And the share price is £128.50 .

You also have to take in the 1100 to 1,400 boe/d of condensate poss from each well and around 1500 bopd from existing oil wells.

Does that include the 1,400 boe/d of condensate. And each infill well could produce around that, which is a lot more per barrel.
More info needed which Paul will give us when he's ready.

Think about the fact this share price barely covers casc well without the rest. We are about to start a month or 2 of testing at 2 world class wells. Extremely happy knowing what coming early next year.

The market doesn't know what to price this at but know it's worth billions for the company. Slow and steady is absolutely fine by me building up to end of next year .

He has stated enough times its a multi billion pound contract how can it be anything else with what we have found today. How many other companies know what they have for 20 or more years. Many Wells next year in infill and exploration and each infill increase the revenue coming in by a bucket load. Extremely happy investor.