Member Info for speculater

JBL on discord has received word from PB that he is buying shares.

1.26 in Canada. 77p.

Check the royston thread on discord.

Royston ST to spud next week. Then 2 more wells at Cascadura to add 60 mmscf/day. All using the Star Valley rig. Article in today’s Express newspaper.

So according to PB at the presentation just concluded everything is ready to go just waiting on Ministry’s consulting Engineer to final sign off his report and they can turn the valve. Apparently wellhead pressure is 3,000 psi at Coho and 4,000 psi at Cascadura!

“We will soon have this water cut issue behind us”. “Test #3 will really show what these wells are capable of”. “Coho very early 2022”. “CASC online Summer 2022”. “Royston development is a massive light oil pool”. What’s not to like.

Getting mauled - down over 8% FFS.

Toronto closed at about 120.5p today. Noice.

Trinidad has been on the US CDC’s red list level 4 since Monday. Life there goes on.

http://www.guardian.co.tt/business/shellgovernment-sign-new-production-sharing-contract-6.2.1415056.f1812404ccTrinidad Government signs 700 mmscf deal with Shell. Shell to invest US$1.8 bil. Wonder if Shell are interested in another 200 odd mmscf in Trinidad.

Canada closed up 3% to nearly 140p. Gap up tomorrow for us?

Canada very weak this afternoon. Down over 4%. Hope it is not a “leak” from wellhead FFS.

Why is this in free fall? Cash position or leaked well test result? Or short term traders exiting? Anxiety building again.

Trinidad Pineapple Farmers Association President is kicking up a massive fuss right now not only for this CEC but for past and future drills!!! Anyway Touchstone hope to submit their application this month. EMA then have 110 days to make a decision provided there are no requests for additional information (there always is) or any objections by concerned parties.

Costs were given as follows. CASC A central facility US$8 mil. Pipeline US$4 mil. Wells US$5.5-6.5 mil. per. No cost given for the 8.3km condensate pipe or the 7.5km roadway but we can estimate.

Very nice Webinar put together by Touchstone. As you know and EIA is required in order to apply for a CEC for the 200MMscf/day gas, 5,000bbl/day condensate and 8,800 bbl storage facility to be sited at Cascadura A. Phase one is Cascadura A which is expected to produce 70-80 MMscf/day plus 1,500-2,000 bbl/day condensate. Start-up for this phase was given as 2022 (no quarter was given but obviously Q4). Cascadura B and C is designed to allow increased production to the facility limit of 200 MMscf/day gas and 5,000 bbl/day condensate. Timeframe given was 2024 (no quarter). They also have to build a 5m wide x 7km long road from Saunders Trace to site. Also an 8.3km. x 6” diameter condensate line from Cascadura to Heritage’s condensate manifold at Saunders trace. NGC to construct a 20” diameter pipeline from Casc A to the 30” transnational pipeline. All for now - still ongoing. Waiting to see expected cost of these projects.

Anyone else logged in to the Cascadura CEC webinar? Xavier talking at present.

TXP would need a CEC in place from the EMA to drill wells. Not sure how many drills they have pre-approved down in WD-4 but surely any (potential) discovery would have to be RNSed? I have found that late news is bad news in this business. Anyone have a line to the Company and can ask when we can expect formal news on the first Star Valley drilled well? Getting antsy.

Star Valley rig sat on top WD4 for four weeks now and no news! Wasn’t this a 7-10 day drill. RNS please TXP. Anxious.

TXP have applied to the EMA for a multi well surface production facility with a capacity of 200 MMcf/d gas plus 5,000 bbls/d condensate plus 200 bbls/d produced water and an 8,800 barrel oil storage tank. All at Cascadura A wellsite. Also 8 production wells at Casc B and C to the East. CEC6214/2021. There is a public consultation on Nov 10. Register at bit.ly/upstreammgmt.

If Coho at 10MMcf/day nets US$500,000 per month what will Casc contribute?