RE:9 TCF top upside comment!Where did this come from and when was it dated. We only discovered Cascadura on
Dec 16/2019 so a bit early to suggest we even had 1TCF back then. If the article is current then I do agree that 1TCF could be possible and why not 9 TCF for the rest.
There seems to be a rule of thumb that suggests 1 TCF of gas is worth $ 1 Billion so that would be $ 5.00 per share.
And Cormark's target is $ 3.75 but I suspect that's based on reserves of far less than 1 TCF
Davidblackgreen wrote: Now that made me choke on my lunch!
Trinidad professional KPM
"The Trinidad Natural Gas Audit done by Ryder Scott to end December 2019 has warned that more natural needs to be found if we are not to run into supply issues going forward from 2023 and urged more deep water drilling.
While I agree that deep water is the area where the bulk of our natural gas will be found I want to point to the Ortoire Basin where Touchstone has already found nearly one TCF of gas and the expectation is for lots more..up to 9 TCF perhaps. And the beauty about this, is that it is onshore and not too deep.
This could form a good stop-gap in the interim until the deep water gas already found is brought to market and new finds are made."
Turns put 9TCF is now a stop gap!