bub, slow it down6 of the last 7 posts? anyway, yes selling gas would be on the plan.
only market is xport I figure. That can swing so much you would be in bizz one day and out the next.
TXP has like zero production, so they need to prove the capabilty to produce big numbers, so far coho is a nothin burger as it proves a small pool not worth building facilities for by itself. Cas changes that and now they can add the 10 Mmcfd from coho since they have shown an ezy 50Mmcfd at cas. No matter now, if this structure is filled and it is a huge one on Seismic.. this is now development based on a structure they can build out past 200Mmcfd.. within maybe 3 years. since they have not the processing on the island with head room in their plant to handle what TXP would need. or they sell it to the export owners and walk away with a wad of cash. YES my vote is YES
until the fllow tests come out, we don't know.. they don't know.. as Chinook proved. bring in the testers and light it up, then they know. Such a big reservoir potential. this is a 2 bcf sized football. It is, it is a 2 tcf field potential. A very meaningful discovery and early stage exploration, so massive upside remains to production and this has to be of interest to the owners of that lng terminal, or get NGC to figure it out and now that rotten, lousy $2.50 deal for NGC.. my gawd ngc can buy all TXP gas for like $2.50 NGC might want to just take this gas for $2.50 straight into the lng plant train. Baay has left a lot on money on the table.
A 2 tcf field is worth a lot. a 5tcf fairway is now in the eyes of the geologists tho, so if txp can only hang on and raise enuf to prove it then the payday is ezy $20 a share. can he raise the $100 mill needed to prove the $2+ Bill in value? the big bet folks.. 3 years tho..know it tho in 2 years somone will make a ton here, looks like ngc has the inside play to fortunes.
This has the looks of a stock soon to have a 5 handle.