Member Info for tidd83

How about a tiny url?

Would expect the PR to increase now and discussions with analysts and investors.

Get IPF back on the radar

110p target - good start

Big correction on the cards now.

With the bonds and convenant concerns put to bed, collection rates at 95% and plenty of liquidity and headroom there is no reason why this can’t surge back above 100p now.

Great work making dough.

Hope my comment ref the guesses didn’t ruffle feathers ;)

A recap of the extracts from the Cascadura well are below; note that 3P case of 571bcf and peak 22,600boepd production is modelled on the data “as we now understand it”. GLJ are likely to have been conservative on their estimations on the initial well, Cas deep (excluding the new deeper structures) will help better understand the first discovery so it will be interesting to see the reflective change on reserves post drill.

Based on the data obtained during both tests, the Cascadura-1ST1 reservoir appears to be unbounded within the area of investigation, confirming a larger pool than originally anticipated.

Gross Discovered Petroleum Initially-in-Place ("DPIIP") is estimated to be between 571.5 Bcf of natural gas in the High Estimate and 241.2 Bcf in the Low Estimate, with a Best Estimate of 398.5 Bcf.

Net peak production is estimated to be 22,600 boe/d in the 3P forecast, 15,108 boe/d in the 2P forecast, and 10,266 boe/d in the 1P forecast.

"GLJ's independent evaluation of the Cascadura-1ST1 production test results and the subsequent reserves evaluation of the Cascadura Assessment Area confirms the tremendous potential of the Ortoire exploration block. The Cascadura Reserves Report combines both the pressure and flow testing of the Cascadura-1ST1 well with the 3D seismic data which covers the entirety of the Cascadura structure as we now understand it.”

Predictions are great and an excellent way to pass the time and/or raise money for charity but let’s not flood the board.

Some good links and research are shared here so anyone new reading in can pickup on knowledge that would be helpful for an investment decision.

Maybe someone setup a shared google sheet and keep the readings on their - just a suggestion?

Please Copy & Paste your entries...
£1.18 spawny100
£1.24 Urzz
£1.28 Trek
£1.30 Photo
£1.46 Mrs Photo
£1.48 David Black
£1.50 Proselenes
£1.50 Brighty1
£1.55 Finnjavel
£1.61 Lexion
£1.67 Leapinglemming
£1.77 tidd83
£2.00 Climbingwosster
£2.20 Corpse (Ihope so)

Yep UK currently 5p under Canada..

Markets also turning up

https://www.malcysblog.com/2020/11/oil-price-genel-iog-bpc-touchstone-and-finally/

Just out;

https://www.valuethemarkets.com/2020/11/03/touchstone-exploration-raises-30m-to-capitalise-on-incredible-ortoire-opportunity/

If Cas deep comes, it extends outward to Chinook and they are connected?

That will blow the two “World Class” discoveries they have already made out of the water.

Hats off to you PB.

Puts to bed the funding discussions and last raise to take us straight through to production with additional exploration included to boot.

It came out in the Q3 update the other day.. I personally assumed it had been brought forward and looks to be the case

Spawny, offsetting an extension (without the need for reapplication) and a reduction in seismic to drill an additional well is much better use of capex!

Ref NGC, I personally believe they are waiting to see ideas of total flow rates to negotiate the best possible deal, with a rising price at Henry hub this could prove to be very lucrative.

AIMHO

It’s like the market has short term memory.

When oil crumbled on the first wave of COVID both Saudi and Russia were flooding the world storage.

Hardly the same.

Alligator, the restructured loan was with national T&T banks.

The initial loan terms was for US$20m of which TXP have drawn down US$15m.

“ This is a real bank – there are no sweeteners, no warrants, no royalties, and no covenants until 2023. Republic is capable of lending up to US$50 million without syndication, so this means we can go back to them as we grow and make more discoveries on Ortoire, and they can grow with us.
It’s a super simple story right now; we’re going to drill the next two exploration wells, and away we go.”

50k worked sell just appeared

Got a few more funds due to be released soon so will be looking to add a good slug in here.

Given Cascadura is not even priced in fully, we then have Chinooks latest "World Class" discovery and anything found at Casc deep, Royston (both of which are now largely de-risked) and the 20+ identified targets - couple that with a major multi billion $ deal with the government due to be announced for offtake all of which are effectively thrown in for free.

Patience as has always been the case will be hugely rewarded here.

Derbon, the 20ft of pay you refer to is in the shallow Cruze formation not the deeper target.

Chinook TD in deeper pay, it never reached full potential due to rig limitations.

The thickness of Casc deep (and if it’s connected) should be detailed post drill.