Massive near term upside5 Mar 2025 08:04
Ikes
touchstone_investors_group_
TXP: The Future of Natural Gas in Trinidad
TXP is rapidly transforming into a major natural gas player. With 144,893 net acres, 80.9 MMboe of 2P reserves, and an aggressive drilling strategy, TXP is on track for massive production growth, and its latest Central Block (CB) acquisition makes the story even stronger.
TXP’s Key Growth Metrics
✅ 80.9 MMboe of 2P reserves, including Cascadura & Central Block.
✅ 144,893 net acres across Trinidad’s most promising gas fields.
✅ 229 identified drilling targets ready for development.
✅ 8-10 new wells scheduled for 2025 to drive production growth.
✅ Cascadura facility to hit full capacity (~33,300 boepd) by Q3 2026.
✅ Central Block (CB) acquisition (Q2 2025) adds:
• 18 MMcf/d of gas + 200 bbls/d of liquids (~3,200 boepd).
• 80 MMcf/d gas processing plant (Evergreen Facility).
• Gas export pipeline connecting to LNG & domestic markets.
✅ Will TXP hit the Total facility capacity of 35,800 boepd by late 2026 on Central Block?
🚀 What’s Next for TXP?
🔹 Maximizing Cascadura & Central Block – full Cas production by 2026.
🔹 Exploration Expansion – Rio Claro, Cipero & Charuma could add further reserves.
🔹 LNG Market Opportunity – Selling gas at $7.50/mcf vs. $2.30/mcf today could skyrocket revenues.
🔹 And with Production Optimisation to drain – Pump jacks, gas lifts & plunger lifts to extend well life beyond 2035.
Why TXP Stands Out
💥 One of the largest onshore gas acreage holders in Trinidad.
💥 Massive near-term production growth (6,294 → 35,800 boepd) over the next 2-3 years.
💥 Central Block adds immediate cash flow & long-term drilling upside.
💥 LNG price leverage = potential for explosive revenue growth.
With major assets, growing production, and rising LNG demand, TXP is one of the most exciting energy plays today!
2025-2026 will define TXP’s future as a leading gas producer in Trinidad! 🔥
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8 hours ago