RE:TXP FINALLY Takes Trini Assets to Steady State Production Lurk & Learns:
As with all "DD" it is sometimes better to get the POV of others with the "incoming" not withstanding. Some recent (IMHO relevant) posts taken from ADVFN:
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[img]Pro_S200924 Nov '23 - 14:26 - 1563 of 1578 0 0 3
Under 4 weeks to the next update, will be interesting to see progress at Casca and Coho. Bottom done and rising now.
Herman00725 Nov '23 - 19:49 - 1564 of 1578 0 11 0
I would expect that the week starting on Dec 18, we might get the following information:
Royston: PB said we might have to wait until the beginning of Jan to get an update, but it seems they already started on the workover.
Maybe some info will be shared. Royston originally flowed at 500 B/d, then surprisingly did not flow in the sidetrack where they expected even better flow than in the original well.
If they can crack the code and declare Royton highly commercial, it will be a major trigger as it is currently written off by the market.
Coho: Expect them to confirm that the water issue has been solved and that there is some improvement in production volumes.
Cas A: Expect them to have fixed the compressors and taken the wells to 60 mmcf/d. Anything else will be a new scandal in my book.
Asset swap and new licenses: TXP has little or no influence over the progression of these processes, but if this drags into next year it is a great embarrassment for MEEI.
The asset swap is what is of most interest to investors at this stage.
Pro_S200926 Nov '23 - 02:15 - 1565 of 1578 0 4 4
The compressors have to be fixed and we are at 60 per day. If that is not done by mid/late December then heads in Trinidad need to role.
Coho is a free hit as the service company are doing the work at thier cost after their initial one worked then failed.
Royston, I will remain that they have already cracked the code but are dragging their heels until the asset swap is approved. People may not agree, fine. Dont expect any updates until Q1 next year........ I expect only Coho and Casca good news in December, along with the plan.
Pro_S20098 Dec '23 - 02:10 - 1566 of 1578 0 0 0
Decent rise in Canada... Decent volume as well. Not unexpected as only a complete tosser cannot see the value here[/img]
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GLTAL GLAP Caveat Emptor
Cheers
Stanley