TXP - nytt kursmål $4.00

erinho
TXP 24.09.2020 kl 17:16 64012

Kursmål oppdatert 22.12.2020.

Cormark Securities analyst Garett Ursu upgraded Touchstone Exploration Inc. (TXP-T) to “top pick” from “buy” with a $4 target, up from $3.75. The average is $3.31.

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-tuesdays-analyst-upgrades-and-downgrades-141/
Redigert 21.01.2021 kl 09:34 Du må logge inn for å svare
Slettet bruker
25.11.2020 kl 00:18 4877

Er vel bare 17 dager igjen av estimert tid for boringen. Og gass avtalen kan bli ferdig når som helst. Blir en interessant juletid fremover...
Redigert 21.01.2021 kl 04:19 Du må logge inn for å svare
Emonks invest
27.11.2020 kl 16:40 4648

Noen spesiell grunn til den voldsomme duppen i dag?
Redigert 21.01.2021 kl 04:19 Du må logge inn for å svare
Herbius
27.11.2020 kl 16:44 4652

Interesting RNS this morning from BPC. Clearly they are tight for cash.Today 07:33
In that RNS they commented:

As an option

“-- Farm-out options or similar transactions: For several years, the Company has been engaged in a process to secure financing whereby another entity will acquire an interest in the project in The Bahamas, and in exchange will pay for all or a substantial part of the cost of drilling and cash payments in respect of back costs, thus freeing up capital for redeployment elsewhere in the Company's operations. Discussions remain ongoing.”

HTTPS://uk.advfn.com/stock-market/london/bahamas-petroleum-BPC/share-news/Bahamas-Petroleum-Company-PLC-Perseverance-1-Cos/83775561
Redigert 21.01.2021 kl 04:19 Du må logge inn for å svare
Slettet bruker
27.11.2020 kl 16:49 4658

Avisartikkel om at NGC kan gå tom for cash om 2 år...
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Emonks invest
27.11.2020 kl 16:54 4648

Fader da.. Hva er deres tanker rundt dette? Sitter vi bare stille i båten?
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Slettet bruker
27.11.2020 kl 17:07 4660

Jeg tenker at det er en major kjøpsanledning... Kan godt være at det plutselig ligger en deal på mandag... Gassen er der, boret er i bakken, industrien er der, behovet er der. Kan jo være en plantet artikkel for å få litt bedre forhandlingsvilkår opp mot Txp...
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slejpner39
27.11.2020 kl 17:14 4751

Mount Teide Friday 27 November 2020
The current crisis in T&T's petrochemical sector could actually play into the hands of Touchstone Exploration when its brings its ultra low development and production cost Ortoire reserves into production in 2021 - and so its not surprising the NGC wished to negotiate a contract to purchase Touchstones's entire Ortoire nat gas production.

The NGC are stuck between a rock and hard place as their business is dependent mainly on buying gas from upstream producers like BPTT and Shell and selling gas to the downstream petrochemical industry.

As mentioned previously BP and Shell's offshore Nat Gas field development and production costs have been materially rising over the last decade, so unless the NGC pay the going rate, exportation as LNG, where pricing has rebounded by 350% since the Covid-19 low point in H1/2020, is likely to increasingly offer a more attractive commercial outlet for their nat gas production.


This report in the T&T Guardian from the summer give some good insight and perspective as to the issues, and why Touchstone looks very well placed as a near term ultra low cost nat gas producer to supply either the NGC or the Port Fordtin Atlantic LNG Terminal.

hTTps://www.guardian.co.tt/article/save-the-petrochemical-sector-6.2.1116302.65b93610ce



'Even before the advent of the COVID-19 crisis the local petrochemical sector was reeling from the relatively high price of natural gas and the continued curtailment of the main feedstock into the production of ammonia and methanol.

As far back as 2011, the petrochemical sector was complaining about natural gas shortages that was impacting its average cost of production and the reliability of operations.

The then Minister of Energy Kevin Ramnarine assured that it would be solved by 2012, eight years later the situation is still unresolved.

Speaking at a breakfast meeting of the Energy Chamber Ramnarine said, “There continues to be a shortage of natural gas to the Point Lisas Industrial Estate. This problem is not due to a lack of reserves. It is a result of poor co-ordination. In terms of a solution, there is light at the end of the tunnel. We expect that the EOG Toucan platform would commence production in mid-January to February and that this would provide relief to the problem at Point Lisas.â€

This, of course, proved to be wishful thinking and when the present government took power it found an upstream woefully short of gas behind pipe and a downstream sector eager for supply.

The National Gas Company which has the role of aggregator and was expected to supply the gas to the downstream was short and facing legal challenges. It was also in negotiations with the upstream companies who insisted that they could no longer sell gas at the prices the NGC had been accustomed to and the hikes had to come before they would unlock investments.

The NGC stood its ground insisting it could not agree to the prices being demanded and the situation reached a position where contracts were coming to an end and the Upstream would be under no commitment to supply gas to the NGC.

Enter Prime Minister Dr Keith Rowley, Energy Minister Franklin Khan and Minister in the Office of the Prime Minister Stuart Young. They jetted off to Houston in what they used to call the famous Houston Trip, a phrase that has now been apparently removed from their lexicon.

He met with the leaders of the companies and when the meeting was over the NGC signed an agreement that is now proving to be unworkable.

For the record this newspaper more than a year ago warned that the agreement brokered by the Prime Minister was going to have disastrous consequences. It was a view shared by my colleague Mariano Browne.

The government led by Minister Young rubbished the concerns calling those raising the issue of the price as arm chair experts who did not know what was negotiated, but as they say time is longer than twine, and now according to the chairman of the NGC the government has had to return to the negotiating table. Young has since focused on COVID-19 and has not said a word on the re-negotiation.

It is only group think that could allow the Minister of Energy to defend a price that he must know was not workable and it shows why politicians need to stay out of commercial arrangements.


But we were warned about this eventuality. Renowned economist, Dr Terrence Farrell did a significant study about the state of the petrochemical sector and predicted it could be lost if as a country we do not make the right choices.

In his study he said: “The downstream petrochemicals industry is at a point of inflexion. In a scenario of scarce and expensive gas feedstock, the industry is set for decline and possible demise. Energy policy has not adequately addressed the challenges which the industry now faces.â€

This warning was ignored by the government because in this society when red is the colour of choice all advice that does not come from that colour or is critical of it is seen as yellow and similarly when yellow rises all advice that is not yellow is seen as red.

According to Farrell, T&T has moved from being a high- reserves, low-cost gas producer and the largest exporter of LNG to the United States, to a low-reserves, high cost gas producer exporting LNG to markets in Europe and South America.

He explains that the Gas Supply Agreements with the downstream petrochemicals plants are confidential but essentially involve

(a) a floor price;

(b) a product reference price

(c) product market price

(d) a factor which is applied to the difference between the reference price and the market price when the market price exceeds the reference price.

He pointed out that the intent of the pricing arrangement is that NGC shares some of the upside of rising methanol and ammonia prices during cyclical upswings but the downstream producers have a degree of gas price certainty in respect of the cost of natural gas when methanol and ammonia prices are cyclically low.

“Each of the elements of the pricing formula is potentially problematic. The floor price needs to reflect the cost of gas to NGC from the upstream producers plus the costs of compression, transport and removal of liquids. NGC does not control the well-head price, and development costs of gas have been increasing.

“In addition, NGC purchases gas from the upstream producers on a take-or-pay basis and there is no provision for cushion gas to manage supply disruptions or scheduled turnarounds upstream. As a major source of dividends and tax revenue for the Government, apart from the subsidy which is explicitly given to the power sector, NGC will not price gas to the downstream producers that would result in a loss,†The report read.

It is therefore not an easy solution. Energy economist Gregory McGuire has suggested that the market should decide the price and the removal of the certainty that long-term contracts provide. I agree with McGuire that a T&T natural gas price will provide transparency but I suspect a better way of doing this is indexing the well head price to commodity prices so that there is risk throughout the value chain while at the same time re-examining the role of the NGC.

McGuire was confident that the NGC could survive on tolling fees and making wise investments in LNG, petrochemicals, trading and some upstream and insists that part of the company’s challenge was the raiding of its savings by the past UNC. This is true and I have condemned the party for its role in almost bankrupting the NGC and in its poor decisions in making the NGC lose opportunity with Cheniere Energy and in Ghana. But the problem is deeper and more complex than that.

Often it is difficult to really understand the importance of the sector an Farrell’s report helps us.

Over the ten-year period 2009-2018, revenues from ammonia and methanol (Corporation Tax, Business Levy and Green Fund Levy) ranged from a low of $1 billion (US$156 million) in 2009 when product prices were cyclically low, to a high of $ 3.1 billion (US$489 million) in 2012.

In that regard, the economic impact of the downstream petrochemicals industry is clearly significant. Capital employed in the industry is estimated at US$8 billion. It accounted for 3.4 per cent of GDP in 2017 down from 7.0 per cent in 2012.

“Petrochemicals contributed over 20 per cent of total export earnings since 2011, and it contributes an estimated 15 per cent of the cash inflows of foreign exchange to the banking system. While the downstream petrochemicals industry is not itself an employer of large numbers of workers, it does provide jobs demanding high levels of skill and knowledge that need to match the best in the world in a variety of technical and management disciplines.

Payment of wages and salaries and expenditure on local suppliers and inputs amount to US$400 to US$500 million and local value added amounted to between US$338 and US$415 million.

“Applying an expenditure multiplier of 1.9, local value added by the downstream petrochemicals industry is of the order of $5.3 billion or 3.5 per cent of GDP.

Over the period 2013-2017, taxes paid by ammonia and methanol companies averaged US$300 million/annum,†the report revealed.

According to Farrell these results support the conclusion that existing plants will be earning a lower than target rate of return and/or fail to generate sufficient cash flow when product prices are cyclically low and as gas inlet prices increase.

That the companies have now come to the government for temporary support and the reality that 15 per cent of the country’s production is down at least temporarily if not permanently is cause for deep worry.

Action is needed now to solve the problem before it is truly too late.'

Tweeted By wheniamfree | Retweet
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Slettet bruker
27.11.2020 kl 17:23 4778

Står jo rett ut at NGC trenger TXP sin gass for å få ned kostnadene. Moro at noen blir skremt på grunn av dette men de leser vel bare NGC konkurs... Det som er bra er at korte hender forsvinner fort og aksjene havner hos de langsiktige...
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Herman*
27.11.2020 kl 18:07 4718

På kort sikt skaper dette usikkerhet, men på litt lengre sikt er jo TXP en del av løsningen og ikke problemet. Synes selskapet er generelt gode på IR, men her har de sviktet i å forklare markedet at det er strukturelle og politiske utfordringer som forsinker prosessen.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
27.11.2020 kl 18:36 4681

1H fra NGC og det underskuddet viser jo bare at NGC trenger gassen til TXP fremfor dyr gass fra offshore felt. TXP sin gass er billig å få i produksjon, noe som er mere lønnsomt for NGC. Vi må ikke glemme at 1H i år har vært spesielt, og underskuddet er nok godt backed up av Covid.

Enig med Herman. Det er usikkerhet rundt avtalen som kjører fallet. Nå må vi få avklart dette før jul PB. Ellers så må vi tåle noen slike dager å. Kursen er bare 2 uker tilbake, og går nok like fort opp igjen hvis det kommer en avklaring.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
27.11.2020 kl 18:40 4698

«@MS If these articles/sound-bytes are the reason that TXP is selling off, that's an interesting reaction. To me, it only serves to underscore what a critical piece of business TXP is to T&T. No wonder NGC is under pressure to improve performance, they have massive spare capacity and a dismal volume outlook. A project like TXP's is the antidote IMO and the project has relatively low sensitivity to gas pricing, so I'm good with $2.50, $2.75, $3.00, $3.25/mcf, $3.50... whatever. TXP's production costs will be shockingly low and the gas is desperately needed.«
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erinho
27.11.2020 kl 21:09 4604

Thanks to che7win at ADVFN for sharing :

I contacted the company today regarding the share price fall.

I have requested permission if it’s ok to post here, so here is the reply:

“Thanks for reaching out and requesting clarification. I agree the share price is likely reflecting the NGC article which like a lot of news is not fully correct and doesn’t provide the entire picture. The truth is NGC has had a tough first half of 2020 as has every company involved in energy throughout the world. The bottom line is NGC is a crown corporation in Trinidad and backed by the Government so failure isn’t an option as natural gas and the petrochemical business are the main drivers for the country. The article is also driven by the opposition party which is trying to make the government look bad after they took some long over due steps to disband the unions and close down the money losing refinery.
If you look at third party credit rating for NGC it is evident they are not going broke.
With regards to doing another deal for selling the gas it would be significantly detrimental to all the shareholders to do so as NGC is the main aggregator on the island and can assure high load factors with the best price.
In summary this is really an internal political matter that isn’t going to affect us in anyway.
NGC is a world class company with a positive independent credit rating.”
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Emonks invest
27.11.2020 kl 21:20 4591

Herlig, erinho! Takk skal du ha. Da var vel fallet i dag preget av panikk og det er vel like så greit å være kvitt uromomentene før vi fortsetter oppover. Klatret tilbake til 2,09 nå også :-)
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Herman*
27.11.2020 kl 21:36 4622

Takk for info, bare synd for de av oss som ikke hadde cash i dag...:-)
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
27.11.2020 kl 21:37 4646

Likte godt denne..

«and can assure high load factors with the best price»

Må da være nærme en avtale nå..
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Jæims Bånn
27.11.2020 kl 22:03 4634

Takk for gode innlegg, erinho.
Kjekt å ha en som følger med og skriver om det som skjer rundt selskapet framfor personlige kursmål fra minutt til minutt 😉
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Herbius
03.12.2020 kl 08:32 4227

Det var hurtigt 😃😃

Brilliant news..........Today 07:12
Another brilliant drill result. We need a bigger rig, had to terminate early as pressures too high.

This license area is going to be massive, multi-TCF development ahead. Not just 1 TCF, more than that imo.

Four success from four drills and every one "exceeding expectations".

Just how big is Cascadura deep going to be, when we can drill it with a big rig.

https://www.londonstockexchange.com/news-article/TXP/cascadura-deep-1-drilling-results/14778559

.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 08:51 4193

Må si jeg hadde hjertet i halsen når jeg så det kom en RNS om Cascadura Deep nå 2 uker før planlagt, men du verden...

Det er rett og slett for mye gass på Cascadura til at den riggen vi har kommer helt ned. Et fantastisk resultat med 20% større pay i de sonene fra brønn nr. 1 + 308 fot med gass i 2 nye soner. Og vi har enda ikke kommet ned til den største sonen som potensielt er større enn de 4 øvrige og kan være sammenkoblet med Chinook...

Nå regner jeg med de skal teste Chinook og Deep de neste ukene. Hvor mange TCF kan vi bekrefte her da? Regner også med et riggen bare blir stående i området sånn at de kan starte boring av utviklingsbrønner her tidlig Q1.

Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Jæims Bånn
03.12.2020 kl 09:00 4183

Det er et helt ellevilt felt de har 80% av.
Helt utrolig lav prising ifht hva som finnes i bakken.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 09:08 4163

Vi må nok vente til alt er i produksjon her før TXP prises riktig. Det er en gavepakke for oss som er langsiktige at vi enda kan handle på disse nivåene.
Det er også kritisk at vi nå får undertegnet en avtale med NGC slik at det er 100% spikret at vi får solgt alt vi finner.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Slettet bruker
03.12.2020 kl 09:14 4172

Hæ? Boreresultat allerede? Oi, det var virkelig ikke forventet men ekstremt positivt! Og for mye gass er jo bare helt konge. Nå bør TXP virkelig gå mangegangen her!
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
d12m
03.12.2020 kl 09:27 4164

"The Cascadura structure continues to exceed our expectations, and the Cascadura Deep-1 exploration well confirms that this is a unique structure with tremendous potential. Although we were unable to drill to our planned total depth, the information gathered while drilling and the hydrocarbon accumulations encountered are truly exceptional"
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Slettet bruker
03.12.2020 kl 09:35 4165

Jeg tror de er oppe i multiTCF allerede... Denne kommer til å ta av fremover!
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Emonks invest
03.12.2020 kl 17:41 4042

Helt herlig! Intervju med sjefen sjøl her:

https://m.youtube.com/watch?v=Uye8cf2qrSM
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 18:38 3996

Fra Tobin på LSE:

Takes from the interview.
Coho $500K/ mth of free cash flow, for 10mcf/d, so around $2/mcf of gas; which is what we are looking at for the NCG deal.
3 wells chinook, cascadua x2 delivering 75mcf-100mcf, so about $50-60million/yr
Also 6-8wells on cascadura, and 4-6 on chinook ( not tested but PB seems without doubt) Say 12
So $200-$250m/yr.
A conservative NPV of x4, discounting Royston and 20 other targets, then we are looking at a $1billion company. £4-5 share = $6.93-8.66cad
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 18:44 3994

NGC avtalen før jul blir en viktig trigger. Det er nå på styrebordet og kan komme når som helst. Da har vi unnagjort emisjonen og vi vet at vi får solgt all gassen vi finner!

«More cash than we can spend» kommer til neste år. Da blir nok første utbytte Q1 2022. Potensielt 14 utviklingsbrønner på Cascadura og Chinook som kommer til å spy ut gass de neste årene.

På tide å få et oppdatert kursmål, det vi har boret 2 megabrønner på Chinook og Cascadura siden den gang! $3,25 er en vits nå... Men vi må vel vente til penga renner inn før TXP blir priset ordentlig - ikke at jeg som skal holde 3-4 år til har noe i mot det☺️
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Jæims Bånn
03.12.2020 kl 20:06 3941

Prøver meg:
Det ser ut til at de har laget seg en mal på hva brønnene inneholder.
For hver av de 3 siste er det 30 mcf/dag som selges for 2$ og gir til sammen 5M$ i måneden, 60 per år.

La oss leke med tanken om at dette er et snitt de klarer på 20 brønner:
20 x 1,5 M$ per mnd = 360M$ per år

Riktig forstått?
De har tidligere presentert at de har over 200 brønnlokasjoner.
Er dette bare Ortoire eller er det hele øya?
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
Herman*
03.12.2020 kl 20:18 3938

De 200 er oljebrønner om jeg har forstått riktig. Det er brønner hvor det forventes en produksjon på ca 100 f/d minus en viss decline. Antall produksjonsbrønner for gass har de ikke definert, men det kan jo fort bli fem brønner per funn. Hva om de får treff på ytterligere 15 letebrønner? Det er lov å drømme. Jeg har for egen del et mål om å få 1.5 CAD i utbytte per aksje fra 2023. Det er mer basert på magefølelse enn detaljerte utregninger, men en trenger jo ikke så uendelig mange brønner før de bikker 300-400 mill usd i omsetning.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 21:44 3874

Det som er vanskelig å vite er jo selvsagt hvor mye hver utviklingsbrønn vil produsere. Fra Cascadura testen på de 2 øverste sonene er det anslått produksjon på hhv. 5.472- og 5.157 boepd. Vil det være tilsvarende for de 2 andre sonene vi har funnet nå? (Det får vi nok vite nå når de skal testes)

PB antydet opp mot 8 brønner totalt på Cascadura. 2 pr. sone. Vil hver brønn da produsere ca. 5.000 boepd? Eller vil en ekstra brønn pr. sone føre til litt lavere produksjon pga. fordelt trykk? Vi kan jo ta et konservativt anslag på 4000 boepd x 8 = 32.000 boepd kun på Cascadura da fullt utviklet. Og kanskje doble det med Chinook?

Hvor mye er vi da oppe i om 3-4 år når vi legger til et mega treff på Royston som allerede har påvist gass + 21 andre letebrønner + Coho + oljefeltet vi allerede har.. Hvis noen tror toget er gått må de ta en sjekk. Vi produserer enda bare 1.400 fat idag.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
03.12.2020 kl 21:46 3876

Vi har til nå boret 4 av 25 letebrønner. Det tilsvarer en fremdrift på skarve 16%. Fortsatt i startgropen!
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Herman*
04.12.2020 kl 00:04 3770

Det blir vel mer enn 25 letebrønner hvis de skal bore en cascadura deep 2 og en Chinook deep?
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
04.12.2020 kl 10:19 3623

Nytt kursmål fra Finncap på 188p = 3.25cad.
Finncap er jo veldig konservative, noe som betyr at Comark nok kommer med nytt kursmål nærmere 5-6cad snart.

Det er kun tatt med hhv. 30,9- og 31,6p for Chinook og Royston.
Dersom det nå i desember ved testing viser at Chinook er samme størrelse som Cascadura (med Deep) så vil de nok øke det til nærmere 90-100p for Chinook.
Dersom Royston er større enn alt vi har funnet til nå til sammen så vil jo den gå fra 31,6 til 150-200??

Kan nok komme noen fine oppgraderinger her i 2021 med testing av Deep og Chinook og boring av Royston.
Pluss en haug med utviklingsbrønner og flere letebrønner etter hvert.


https://ufile.io/x7ik3b30
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
04.12.2020 kl 10:21 3621

Ja det vil jo potensielt det. Blir spennende nå når de skal planlegge videre leteboring etter Royston og utviklingen av Cascadura og Chinook.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
oilbiz
06.12.2020 kl 23:32 3409

finnCap has upgraded its share price target by 58% to 188p
https://ukinvestormagazine.co.uk/touchstone-makes-fourth-discovery/
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
11.12.2020 kl 20:41 3132

Vært stille den siste uken. Har kommet en del artikler i diverse medier om TXP som jeg prøver å samle her.
Har også fått et oppdatert kursmål på 200pence = 3.35cad - så nå kan jeg endelig oppdatere tittelen på denne tråden. Etter NGC avtalen er signert og Chinook er testet så kommer det nok kursmål langt over dette.


Her er link til nytt Q&A med Paul Baay 14. januar. Dette kan bli spennende med ferdig test på Chinook og NGC avtalen.
https://www.proactiveinvestors.co.uk/register/event_details/311?fbclid=IwAR2blbknjsiJegCrG-3WUL2bWsk8b0QXHWNR4XnUoBepes_83-nsgEWDCYI


Artikler:
https://energynow.tt/blog/energynow-issue-34?fbclid=IwAR0ddnNYjVz3_zy6d2NqrIOCL9bkplm5xTdntxtr3HHRaLKh34AH5s08FPs

https://www.petroleum-economist.com/articles/corporate/pe-award-winners/2020/petroleum-economist-reveals-2020-award-winners?fbclid=IwAR0H7rfbcyDlW3uGuu_SPVOXOLj9ESu48JwpyIEA7mereL2_UPCONZaopJQ

https://www.directorstalkinterviews.com/touchstone-exploration-inc-shore-capital-hail-exceptional-drilling-results-and-future-strong-earnings/412946496?fbclid=IwAR1kUxYVh9AL8DVcsshDF5vnB5kELrh6sg0MGjALxYZ2wnyoaiGFYSDsJNI

https://d1ssu070pg2v9i.cloudfront.net/pex/bahamas/2020/10/09092601/Investors-Chronicle-09.10.20.pdf?fbclid=IwAR1kUxYVh9AL8DVcsshDF5vnB5kELrh6sg0MGjALxYZ2wnyoaiGFYSDsJNI


Youtube intervju med ny storaksjonær i Premier Miton. Veldig bull på energi og TXP. Fra ca. 7 minutter.
https://www.youtube.com/watch?v=u0Fx3ySbii4&feature=youtu.be&fbclid=IwAR1NMmsR2Zn8uRa2H_dnp_QLZHEPZg3hIZ1CbvhWshgyUUTHffBLROY0BZs


God helg alle sammen :)
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
14.12.2020 kl 09:38 2884

Fra LSE:

Trinidad currently produces an average of 3600 mmscf per day. If the current Cascadura, Chinook, and Cascadura Deep discovery wells were brought on at about 40-50mmscf/d each, and a further 8-12 development wells are brought on at similar rates then TXP could be contributing around 500 mmscf/d. Fingers crossed for good strikes at Royston and other targets thereafter..

500 mmscf/d!!
Coho was 10 mmscf/d giving 6 million USD a year.
500 mmscf/d should then give around 300 million USD a year....

And thats with just what we have to date..
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare
erinho
14.12.2020 kl 09:40 2879

Dette var til opplysning et svar fra Xavier Moonan som er Senior Geologist i TXP.

Da har vi ca. hele dagens markedsverdi i revenue om 1 - 1,5 års tid ca.
Redigert 21.01.2021 kl 02:58 Du må logge inn for å svare