The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just to show people just what Txp have found and not even fully tested in the Cascadura find yet.
Deltic Energy has reported a significant gas and oil discovery at the Shell-operated Pensacola prospect in the Southern North Sea.
In an operational update on Wednesday Deltic (AIM:DELT) said the find at Pensacola could represent “one of the largest natural gas discoveries in the Southern North Sea in over a decade.”
Spudded in November using the Maersk Resilient, the Shell-operated Well 41/05a-2 reached a total depth of 1,965 metres and confirmed the presence of mobile gas and oil in the primary Zechstein Hauptdolomite carbonate target interval via wireline logs.
Deltic said pre-drill volumetrics for Pensacola had been confirmed by the well, with a P50 estimated ultimate recovery of 302 billion cubic feet (bcf).
Find it hard to believe Txp linger at this price .
Ok will take that even if it was in on the results RNs but that was nearly 12 wees ago .
Sorry but lots could have happened in that time. We are supposed to be up and running in around 8 weeks time so I'm bloody hoping a lot has been done.
But hey I don't know because I haven't had a RNs stating anything. I'm only stating what Paul said he would do and the correct way to do so is through the correct channel I'm afraid.
HLM
That's a good question and will take a look when I get home mate .
Read my posts I know they gave a little on Casca and SPT in the 10th November. The SPT was out on the 26th September by Trinidad government so TXP knew that day about upcoming changes as did Trinity exploration who released that info to it's shareholders on the 28th September ( within the 3 day ruling). Show me Txp Rns around that date. That news has a financial affect on income so must be Rns's.
I believe they broke the Aim rules by not releasing an RNs on tax changes in September that most certainly affect Txp . Trinity and others released to it's shareholders but Txp most certainly did not. And it was good new as well.
Nobody's asking for every month but I'd like a proper RNs stating to both investors and the market how the Casca project in going. While twitter is good to see pictures and a little news it's not the correct channel of communication to us and market.
As I have mentioned please show me an RNs update on Casca.
Are you all trying to say in over 4 and a half months since the 15th of September when work started on Casca there has not been anything at all worth reporting to us or market. Paul stated he would keep us updated which includes market.
I've yet to see a proper update yet .
All I'm doing is asking the company to keep it's promise to market and investors and nothing else.
Don't get me wrong, it's nice to see pictures of Cascadura and Royston on those feeds but I was promised regular updates and have had none. I'm not asking a lot from Txp other than actually them doing what they stated to the shareholders they would do.
RNS please with good information on that world class asset named Cascadura . I'll except one that is combined with the Royston st1 drill kicking off.
An example of what I'm on about is th SPT changes which has an impact on the companies taxes. Trinidad released on the 26th September 2022 of the changes that start in January 2023 .
Trinity exploration released on the 28th September an Rns to shareholders those changes as it has an affect on their finance's so must release that news.
Show me TXP news release on the subject that must under the rules of Aim be released I think within 3 days.
Since getting the environmental approval on the 15th September 2022 they Txp have clearly stated Cascadura facility should be completed around the end of first quarter 2023 and has not changed.
Work on the surface location is progressing, as the clearing of the lease expansion area has been completed, and we are currently levelling and preparing the area for pouring of the concrete foundation. Components for the facility are currently being fabricated by local contractors or being imported to Trinidad in completed form. Once the concrete foundation has been completed, delivery of the facility equipment will commence. We are currently targeting completion of the facility by the end of the first quarter of 2023.
We was told we would have updates on the progress as they move forward with the Cascadura project ( anyone care to show me one). Bit on Cascadura in the results on the 10th on November.
Not f...ing good enough by any stretch of the imagination. Forget twitter and the rest as they mean nothing compared to a market Rns. An Rns saying they are on track is far better compared to saying on twitter or the likes.
The fact is we are letting them get away with it ,it is that simple.
To me and most here it an incredibly exciting year ahead for us, yet I get the impression that Paul and management are just plodding on as if it's nothing when the reality is a world class asset is going to change the company completely.
Come on Paul, get that sparkle back in you eyes and voice, we are about to become the biggest onshore producer by a country mile in Trinidad so let's hear how it coming along in some Rns's and interviews.
Paul says there is loads going on but we never get to hear just what that is. They could've come out with some really good pick me up Rns's for us all which puts the company in better light but Instead they decided to put it on twitter or whatever. They could have done both .
I've been pi.... off for a long time about Txp not putting news out by an Rns. It's pretty disgusting treating investors this way especially when you see more shares plan Rns's than anything else.
An operational update every 4 to 6 weeks would be good especially while so much I'd happening this year . Feels like the company doesn't want it's investors to make a profit from their investments.
You have to ask yourself why won't they do this simplest of things for the investors. We have a world class asset kicking off in the next couple of months yet basically we know very little a bout it and what is known comes through twitter or the likes. Certainly not professional by anybody standards.
Yep I've said many times that Txp needs to put updates out as investors need to know what's happening with projects . A world class asset is but a few months from coming online and Royston st about to drlll and had no information on them
The National Gas Company of Trinidad and Tobago Limited (NGC) will be conveying 100 lengths of 20-inch diameter pipes from Point Lisas Port to Poole Valley Road, Rio Claro. The pipes will be transported by Southern Maintenance Services Company Ltd (SMSCL).
Movement of the pipes is scheduled for:
23rd January to 4th February, 2023
And what a fabulous game that's unfolding before our eyes. The asset swap was a brilliant move, Coho was a nice starting point and Casca is a monster that's about to be released, and that niggling Royston that could turn out to be another huge asset if good flow rates plus everything else in the pipeline.
Who wouldn't be excited about this year's planned works and what it brings to the table. What a ride it's going to be.