Post by
Margin321 on Mar 31, 2021 4:23pm
only thing that bothers me in update
Only thing that really bothers me so far is uper zone at Chinook not being a gas discovery, but that was my most important number.
If the upper zones at Cascadura deep are not prolific natural gas producers (step out 900 feet from proven reservoirs) then that would be awful, because TXP has to fill that new pipeline trunk to the Cascadura site. And they have to start sending meaning natural gas volumes into the system if they are to benefit Trinidad as well as their shareholders.
But otherwise we can recover from this.
Comment by
AliNaimi on Mar 31, 2021 5:27pm
Margin you are a scholar. Its simple yet scary...next drill result TXP goes to $1 if unsuccessful or $3 with success. Place your bets....
Comment by
Wildcattter on Mar 31, 2021 7:00pm
This post has been removed in accordance with Community Policy
Comment by
Margin321 on Apr 01, 2021 7:02am
If by next drill results you mean the results of current test of the presumed gas zone at Cascadura deep, the odds of that are pretty good. But probably won't push price to 3 pounds. If you mean the results of the next well at Royston, odds of that are somewhat lower. But if positive upside more than 3 pounds.