Scott22 Reviews: The Complete Cascadura Development Plan. Lurk & Learns:
FYI: XM's presentation was almost ten (10) years ago.
Scott22 on LSE.UK RE: TXP Value RE Discord Board has lots of information. e.g.
The Complete Cascadura Development Plan.
- Cascadura field is a 500 BCF to 1 TCF field that is sitting next to a major pipeline.
- It can be drained by 5-8 conventional wells that will produce for decades.
- The NGC is paying for a connecting 20 inch pipeline to the wellhead.
- Payment is for production at the wellhead.
- Production begins at 60 mmcf/day, ramps to 90 mmcf/day with optimization of the initial two wells, and then jumps to 200 mmcf/day after 3-5 development wells are drilled.
- After that no more drilling and production will be only slowly decreasing for 20-30 years.
- Overhead operating cost after build out will be .05 cents per MCF.
- Then there is the condensate (6000 barrels/day) which are being stripped out for sale.
Then There is the Potential Upside:
- There are also untested Hererra sands that are even considered in this analysis.
If TXP had only cascadura field the idea of a 130 million pound market cap does not make sense in terms of valuation.
The Discord Advantage as per Scott22
- If you do go to the Discord board look at the upcoming-triggers and stockprice-talk threads too. As well as the cacadura, cascadura-ced, and royston threads. A lot to keep busy and gain insight.
- Board is monitored by J-M. He is very open to different views, but also will weed the garden a bit in terms of off track or ill informed commentary that distracts from overall board.
- Which is why it remains a good forum. So sniff around and you can get a lot of information. But maybe not start with is the value of coho/ fully baked in at 130 million pounds. Until you understand the ingredients of the cake.
GLTAL GLAP Caveat Emptor
Cheers
Stanley