RE:RE:Paul Baay upstreamonline interviewKadiddelhopper wrote: Chreca..nice find and a happy walk down Memory street , with '80's names like Orbit, Remington, and Abacus
Not that hard to find as it was highlighted by TXP themselves on Twitter !
Anyone here has any anticipated cost calculations for drilling Chinook, Casca Deep and finalize the Coho tie-in and eventual testing of successful drills, very much a guessing game at this point as we don't know if any additional techincal issues will erupt extending the drill operations etc. But just wondering if the 10+5 MM $ should be enough for the planned work ?
There is also hopefully a positive cashflow from ongoing operations but on the other hand there is the ever present ongoing G&A costs etc to off-set those.
And yes I know Paul said everything is in fine on the liquidity front, but that is his job to say so and it doesn't completely remove my slight concerns on this.
Not really worried here or anything just some ongoing thoughts of mine. Now should the cash on hand not be enough afterall they can extend the credit facility or do another raise most likely so I'm not worried here things will stop in it's track until the new wells Coho starts contributing and building up cash flow along the road, it's just that it would be great if they could avoid anymore raise or increased loan if not absolutely neccessary at this stage of the program.