RE:Gas economics onshore Trinidad
We have good handle on economics.(high level view)
For every 10 mmcf/day of naturall gas they sell under NGC contract, they have profits (clear after operating costs, taxes, royalties) of $6 million a year.
Coho = 6 million a year
Cascadura at 40 mmcf/day = 24 million a year
Cascadura developed at 200 mmcf/day = 120 million a year
Royston ??? = pencil in 300 mmcf/day fully developed = 180 million a year.
Then add liquids which trade separately at local market price. Cascadura when developed will have 5000 bpd, Royston totally unknown if gas, if dry gas or wet gas.
Plus there will be $10 million a year or more from legacy shallow wells.
All that is plenty to be debt free, fund all the 10 year development plan on Ortoire block (2 rigs), and start to pay a dividend. Any future discoveries just add to the cash coming in.
It has taken time and it will take more time, but I think it will play out that way.
Yet to come are Royston (but SOON), Coora Deep test, Cruse production strategy, Chinook updip wells, Steelhead, Guabine, Bass, KRAKEN, and about 10 other prospects on Ortoire block. TXP is early in this journey.