Member Info for Tobin

I don't know premier oil well but even a quick look at the fundamentals the only comparison is vaguely the same boe, but PMO does it with massive debt and no huge upside that TXP has. TXP looks like it has the opportunity to drill $5million wells that may deliver $50million/year each, well after well, year after year, and it is onshore and doesn't even need to pay for the hook up. PMO is going to have a lot of short term volatility and over a few weeks or months may do better; but long term I can not see any comparison.

The placing shares are to be issued and admitted tomorrow, it will be interesting to see what happens to the share price

There is a later comment on the facebook entry when pressed on the 9 TCF number https://www.facebook.com/krishnamohan.persad/posts/812892602877035
KMP replied " From personal communication that I cannot divulge...but look at Touchstone's latest releases I believe Paul Baay may have give some numbers"
PB hasnt quoted numbers like that to my knowledge, so I wonder where KMPs personal communication comes from. I have a good idea...

Thanks Corpse, but I can not see a clear reference from the report to reserves in the Ortoire basin.
I do note that Xavier Moonan and Dr Krishna Persad should know each other well. Both are past presidents of the Geological Society of T+T, 2013-14, and 2014-15 respectively.
https://uh.edu/nsm/earth-atmospheric/news-events/assoc-meetings/CGC/docs/cgc_meeting_summary_2015.pdf

9TCF?? has anyone any idea where that figure has come from??
I hope the de-ramper shorts the stock with all the money he has, an others follow suit as I hope to have a few quid to buy more TXP shortly.

RE: EOY SP Guesses To Date....Today 21:16
Please Copy & Paste your entries...
£1.15 Tobin..
£1.18 spawny100
£1.24 Urzz
£1.28 Trek
£1.30 Photo
£1.33 Mrs spawny100
£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
£ 1.79 shellguy
£2.00 Climbingwosster
£2.20 Corpse (Ihope s

I’ll believe you, thou if you where Richard Sneller that’s just what you would say...
But at least your in good company!

Proselenes not sure thats right, There is a rig that can drill deep on Trinidad, and its from the same company that drilled Chinook, but it can apparently drill to 16,000 ft. Presume that is the one they are signed up to use? https://wellservicespetroleum.com/land-operations/

Trytry etc .. your not richard sneller are you ? That seriously hot city wiz-kid who sold down below 3%, probably lent the the rest and bought back in?

As I recall the original 3D siesmic was going to cost $3-4million so should save a couple of million $.
Logically will do it on the road to Royston, at least to start with, there are 4-5 targets, its along the turbidite fairway, and there is a lot of jungle.

MoneyDan, S04 is pretty well sorted, its plant is being built, and they are waiting on the potash ponds; production expected Q1, which maybe quicker than TXP. But for clarity I have just bought more TXP. I really didnt think I would be able to buy at less than £1 again after Chinook. Such a bargain. If it goes down more I may even sell some S04 for more TXP but not yet.

Presentation isn’t new, but it’s good especially on the geology, gives a feel to what they are doing and size of what can yet come from the company.
“Unfortunately” it makes TXP hard to complete with as an investment. Justin Waites thinks Salt lake potash could 10bag, I agree. Some of the earlier stage SOP projects APC and Trigg could do more. JLP looks very good. All going after easy to get resource like TXP.

Finishing down at 97p mid price. Will be interesting to see what we have tomorrow. Wouldn’t have thought TXP had just made a huge gas find.

Even with the SP up on the day the discount is painfully wide, and the RNS seems to have produced a lot more sells than buys. It would be a good opportunity of share buy backs, but the company seems reluctant to do this even though it passes a resolution every year at its AGM to allow it to buy back upto 15%.
Though Pershing Square has had a spectacular year, and has been buying back and sits on an even bigger discount to NAV.

Interesting on the geology. I didnt appreciate that this was a valley and turbidites on the side of the hills, if I got it right. And the significance of hydrocarbons in the lower sand sheet of chinook and the size of cascadura deep; and for PB to raise the possibility of cascadura deep and chinook being connected seemed to imply that the size of resource could be even bigger.

Likewise. Selling out of share I have held for 10 years to do it. You have to buy on the dips. If it goes down more, I will be buying more.

In the same vein, I was looking at the WSPCL website, who supplied the "rig 20" for chinook. They do have another rig, "rig 60" that does look better for doing these deep wells. I guess there is a reason it wasn't used? PB did mention maybe using 2 rigs.
https://wellservicespetroleum.com/land-operations/

I agree, delaying the testing seems driven by the desire to desire in part to spud cascadura deep to fulfill the exploration contract. Even with covid as a pretty good excuse they dont feel they want to be on the back foot. The NG contract has taken longer than envisaged, and the election, and covid are good excuses. Also the idea that this is "island time" , a nice way of saying that things just don't happen quick in T&T. Things are what they are and I dont feel that I wish to put anything negative at the door of PB. It would be nice to get things sorted and moving quicker though.

He said it at the end of an interview, "couple of billion", but we are talking oil/gas, its US dollars, the pound isn't what it was.

Thanks Ezhik Learned something new. Presume they were using the synthetic mud because it was such a deep hole?