Member Info for Tobin

Sturm, I too am invested in TXP; and when you look at the 90% plus water cut at PTAL you would wonder what the issue is. PTAL are managing to drill horizontal wells and AICDs to limit water to maybe 20% initially so they are getting pay back on their wells within a couple of months. The water cut increases but its all profit. It will be interesting if TXP can do the same but PTAL has the advantage of good aquifer pressure and flow rates. I remain invested in both.
Also Advance energy looks interesting, Malcy put it in his bucket list and today sound even more positive after interviewing the CEO, DYOR.

Those who short ( or sell) lower the price for those who want to buy more. I may want to buy more, a lower price is fine by me. Maybe there will become a time I want to sell but not yet and hopefully not for many years.
The markets as always are an efficient way of transferring wealth from the impatient to the patient.

Coho PB estimated 10mcf/d with$500,000 /mth to the company.
Cascadura 2wells should produce 20mcf a day each, probably quite a lot more initially.
Ultimately looking at 200mcf/d from Cascadura

Hopefully they can drill wells better than they write in the queen's English.
"eliminating surface release of effluent discharge from our
facilities by developing a series of injection sights"

And technology has improved in the last few years. I have posted before about AICDs but I think worth posting again. AICDs, Advanced inflow control devices have it appears become much more popular over the past 5years, increasing oil, reducing water and maintaining pressure, increasing total recovered oil. This company had fitted 35,000 AICDs in 210 wells of 2019. There are others by other companies.
HTTPS://www.tendeka.com/wp-content/uploads/Improving-efficiency-and-increasing-oil-productivity-with-AICD.pdf
TXP has oil in 3 zones, each with different characteristics, each will likely require different solution to optimise returns.
These may need different wells, or maybe the lowest zone will require fracking, and then later in life the same well can be used for middle or upper zones. AICDs look attractive for the middle zone, maybe for the upper zone.
Pumps will probably be needed as there doesn't seem to be that much gas, or water reinjection or flooding later in field life.
Obviously this is going to take time to show its full potential
But with 3 zones with oil, many potential solutions to optimise oil production no wonder the company wants to drill a new well in January.

Some biggish sells going through, and SP close well under 90p.
I suspect with no new information expected we may see this trend continue, maybe to the 80p we saw in the summer. For the long term holder an opportunity to buy.

PS I think simple vertical wells will not be the ultimate optimal solution but more wells will have to be developed and this will take time.

Ultimately Royston was an exploration well, finding oil in all 3 zones.
True out put potential will only be seen with the the next wells. Each zone will likely have quite different approaches to optimal production.
PB has mentioned in the past that he thought some zones explored may need fracking on the Ortoire block..maybe the lowest zone?
Others may need horizontal wells or AiCD devices.
I suspect that simple vertical
We will know more when they announce their next well but true potential will take time.
The company thinks that structurally Royston is similar to Penal-Brarrackpore and xav moonan has reviewed the well logs of 500+ well logs of the heritage oil and still seems to believe this is the case.
Those wells were simple vertical wells with no pressure management. They were from the 1960s, that will not be how this field is now develop.
True potential will simply take time and more wells.

Thanks Trek,
I don't think that many O+G companies are going to get highly rated on ESG IMO, even though it is very clear that the world needs O+G for many years yet. Indeed in the next decade some of the biggest reductions in green house warming would come from using more O+G, especially NG and stop burning coal.
The fact that some investors (and governments) seem to believe the world is over night going to be different to the way that it is, is going to be costly.
Ultimately words are cheap and numbers count. Its going to be interesting to see what happens to the fine words at COP26 when this winters energy bills land on voters door mats.

A bit harsh, imo, the amount of rain you can get in these tropical countries can be ridiculous. Two dams in Brazil have just collapsed with the amount of rain. Then the jungle can just turn to swamp with mud. Sometimes you have to wait for mother nature.

Thanks again Newanda.
PetroTal presentation.
They are planning on a 95% water cut, and the CEO thinks that is just fine.
1.40 in.
HTTPS://www.youtube.com/watch?v=fumMZwg_zpk&t=152s

There’s still a lot of anxiety on the “Other site”, re the water cut
Posted over there was a link to article on water. Some water is often important to free up oil, other times the water cut can be reduced by various means. So it depends. And here we have PB with a team of successful geologist and years of experience in T&T saying it’s OK to have water and it’s a great find. I guess time will tell.
https ://mdpi-res.com/d_attachment/ChemEngineering/ChemEngineering-03-00051/article_deploy/ChemEngineering-03-00051.pdf

I can see it was originally posted on the Norwegian board, in English. https://finansavisen.no/forum/thread/139286/view/4074905#

Sounds genuine but can you post a screen shot on Dropbox or Google documents ?
“Trust and verify”
Thanks

PB is going to say what all CEOs say, and he has said at presentation before; the company is undervalued. In this case he is right.
Cascadura alone is worth a 2-3 of times market cap.
They have plans for 200mcf/day in full flow. Pipeline to big methanol plants that are gagging for gas, contracts in place.
$10million a month.
Not a share I am losing sleep over, just buying the dips.’

So looks commercial.

The RNS doent say much new, JLP looking at other opportunities, but what it does say is that the chairman is stepping down.
He is saying that he is doing it because he feels JLP is moving into a new phase and his expertise are best applied to earlier stage companies and that is where he is going to move onto.
Age 77, that rather surprised me, but this is a presentation he gave less than a month ago.
https://www.youtube.com/watch?v=iWwCu3DnatU
He clearly isn't planning to hang up his spades just yet!
It still makes me think that there has been a spat between him and Colin. I don't think I am that concerned though Bird has clearly got fingers in many pies.
It does look that he is mainly interested in the prospects of Xtract and that is where he will apply his energy.
I ultimately like businesses where I trust the management to do a good job, and do it for shareholders as well as for themselves and on this I feel I trust my money with Colin more than Bird.
Am I wrong?

Not a terribly active board, 10years since some one posted!
I have a few JZs in my spread bet account and i think the discount is just too much.
They are moving to wind up in the next year, there is gearing, and some of the holdings are not very tradable and the stock market in the US looks over bought.
But I will buy some more but with some hedging of the overall market.
DYOR

Well stopped clock is right twice a day.
And I agree on any normal metric the markets, especially US are overpriced.
But on any reasonable metric TXP at these prices is the exact opposite, bargain.

Thanks GM Hopefully TXP will be needing the mega flow separator https://81422d14c097702b6a9f-fdabdf1ed13d1990275f510cf3764dd3.ssl.cf3.rackcdn.com/Mega-flow-separator.pdf
Hopefully for its capacity of 25,000 bbl/day of oil and not water.