RE:Comments from North ASA - a TXP major shareholderI am long with a large position. You rose colored glasses guys can call me a basher if you want. I firmly believe in the long term value here. However, I constantly see folks asking why the price is not moving up as much as it should. In my opinion, it is due to the snails pace of gaining approval for and building pipelines. A lot of lip service regarding timeframes, but we have yet to meet one.
When I see that Cascadura will be online H1 2022, I don't believe it. The EIA will not be submitted until the beginning of 2022, and the approving agency has 80 business days (4 months) to approve it. That leaves 2 months to build the pipeline. This takes us to June 30 2022. Therefore, I think everyone should temper their short term expectations regarding when Cascadura comes online.
Paul needs to to do everything he can to work with the T&T government to shorten that EIA approval timeframe. I would like to hear what he is doing to move this along. I have heard nothing.