RE:Is someone smelling the gas from Royston??yes a nice day to own it.
kinda what I hoped for, a quick pop into the testing news where it might blow the lid off the stock.
Until they test, we know not much of what it is likely.
so far txp is what we call a one well wonder, in the trade. One way to disprove that is to test an economic well, a very highly economic well is preferred with lots in between the duster and the wonder.
I do not know that cas1 was damaged as one poster wrote. if fact it was a wonder well, no? aside from a side trac early in the drill, it drilled to pay and ended in pay and it tested mega pay with two sheets each testing well above 50Mmcfd AOF so strong. yet you say damaged? both were damaged? and 3 wells to fill a plant is rediculous. you do not fill it for a day. I would expect a plant built for under 100Mcfd plant of a modular design where they can easily increase thru-put each year or two.. from 100 to 150 to 200, etc
it will be years to drill and fill a 200Mcfd plant, with a number of wells, well above the three, more like 10.. over maybe 5 years. not a quick wall of money I suspect well the money will indeed come in fast but it will need to go out fast as they build from nothin.. been well over a year and coho is not flowing. maybe plant size changes as testing comes in from royston and maybe royston becomes the area to work first? not that the pipelines have started, so running collector by cas and roy to the NGC pipe would be a short hop. txp would only get $2.50, so maybe liquids would be indeed a way to up that rev per barrel. another 2 years to get that up, maybe more as Trinidad is slow walking coho as Baay has stated more than once the covid has slowed it all down. understood, covidstill exists tho! just another excuse.
good fortune to have bought that first hour after the release. conviction as I bought a lot for one day.