Member Info for smasher

What I keep thinking is just how big is the structure below casc as they have been blown away by what's above it that's for sure.
What's others thoughts on this being sold if Chinook and casc deep are very good as well. We have to be looking at a share price near the £2 mark before shell or whoever make an offer. Will they go for Royston early next year if Chinook is huge or will they drill another well at Chinook after casc deep. . In other words prove up existing assets before moving on . If that pushed back Royston then so be it as casc and Chinook would be getting closer to production.
Would let's say shell wait for Royston to be done especially like txp say a new play across the southeast could be there and txp have had ( fingers crossed ) 3 big hits on it with 2 already confirmed.
At what point would someone come in as the more proven the more expensive to acquire.
I can see a an offer coming In late next year or I should say that's what I hope for as I don't want txp to be sold on the cheap.

Bring on Chinook.

If they crack the deeps it will be beyond 10p that's for sure. Just hope they are working on A5 or what's the point of them moving the rig to that position . No acid needed and what would be a simple fix to repair a broken link then get on test to prove to all .
As for the acid who knows if it's on site or not as transportation of goods is allowed . I have no problem if it's not as it will come soon enough and very quick job to do all 3 wells targeted .

So they think a lot more to come from casc . I think absolutely everyone agrees 67p is far to cheap as it stands at this point.

Now we need a good deal with NGC and Paul did say the negotiations are going well . At least we know what we will be getting. Was reading that Trinidad is lifting the price of gas up to some customers by 100% .

North are certainly holding this back at the moment .

Wrong bb

Quicker north are out the better as they are holding this back.

So around 6 weeks for news on Chinook and fingers crossed a great deal with NGC bring it all together nicely. We have money so no need to bring in anyone so even better for us.
Sorry shell you will just have to wait till at least the next 2 drills are done. Also very very cheap to drill and bring online. Mountain of cash next April onwards or what. .
At some point this share price has got to be let go.

Paul plays it to perfection keeping everyone in check. As we knew all reserves just for casc and not casc deep so really looking forward to that one.
Chinook looks good with the added bonus of gas already found on the old drills and a lot broader than casc but Paul is playing it down which is expected even though this is the one that he most excited about of all 3 .
The second drill at casc which will be the deeps will also prove up casa1 more so very exciting to be in this share at the moment.

It will slowly rise over the next few weeks as that news is outstanding for the company a a world class find without anything else added. No way hell on earth shell is not looking at us especially as Chinook is about or has kicked off . We could be talking well above 1 TCF of gas alone if Chinook and casc deep is good . .

Well there's one thing and that is the company was spot on with world class find and that's without the deeps on the well done . Think this well has a lot more to give once we have completed Chinook . Most now will be re evaluating targets for sure as it's become obvious this is going beyond most investors expectations. We know Chinook has gas from 7600ft down so I expect so much more to come over the 2 months.
Outstanding from Txp.

Really really good news , hey can't wait to drill casc deep next month.
Absolutely fantastic and for once in my life boom boom and boom

Actually it is pretty clear. Just need to research it. Like I've been banging on about the find of the Herrera sands upper and middle but not found in the original drills . Now have a peek at the Herrera sands depth at Chinook to the southwest of casc and you start to understand what they have said.
Casc deep I think is going to produce a crap load more in my opinion as Chinook already found gas at guess what depth.
Read faz41 post then work out the trend line and you get a lot better picture
Yes it will take quite a few days to do so but gives a better insight as to why Paul and the team are so excited about this block.
Always just my opinion. .

Think of it this way that if Chinook is as good as casc I would expect another drill at Chinook before Royston as we will have time to do so before Royston next year . Again it makes sense to prove it up while also more production so 2 wells on both of them .
Danawinner
Agree with you but we don't have to take a shell offer at a silly price especially once in production and maybe about 200mill plus depending how good Chinook is. What would be our share price if on five wells on the block all in production at great rates . I agree that shell could come in before it kicks of especially if Chinook is good. Paul I hope tells them to come back late next year or upper the offer.
For us it's sit back and fingers crossed watch it unfold before our eyes. Not often you get to do that knowing that casc easy covers this share and some.

The great thing is if Chinook is good it only just over a mile from casc so cheap to get online for Txp.

When production starts from the assets the cost goes up as proven and producing from them. The production rate at coho and casc look outstanding as it stands without anything on top. Now if Chinook does come in and anything like casc then you have txp at 140 plus million a year.
Let's wait and see but hey what an exciting time to be in this company

If casc is as good as Paul says and Chinook comes in it will be between 1 and 2 pounds anyway and early next year a mountain of cash coming in. Depending on reserves and if good would shell wait till next year when it would cost them more.
Let's wait and see but if good I would not except anything below £2 and that would be cheap.

Just got to wait and see but shell will be taking great interest in this especially with a ready made buyer on the doorstep.

Well we won't have to wait long .
Trying to find out if Carapal ridge or central block found the upper and middle sands if not and they produce from lower sands then I getting even more excited as that was one of the targets. South west is lower I think.
If you take a look at Chinook the the Herrera sands upper is 7600 roughly . To me I think they are connected below 7000 ft but as always just an opinion. If Look at the thrust sheet traps you can see where I'm coming from .
Casc is around 1 mile and no boundaries. But let's face it if not connected and they find a sh.. load more gas or oil who cares haha.
Bring it on Txp.

Thanks your both. Really hope A5 is about sorted and that acid is on site . The roads are open to transport goods but to what extent I don't know. This share really needs some great news on them deeps and that would be on a 90 day flow test .

Should say bopd.