RE:RE:Cascadura starting soonGood post Stanley. TXP is a great story and is still intact, even in an early chapter.
The Discord site is not all bad. Thge site has a good ability to handle images and videos.Easy to edit posts. Easy to archive information in acessible way. Lots of good discussion about geology. Some posters with good knowledge base on many different facets of interest.
There is some uncivil noise but that happens on all boards,unfortuneately. But there is a moderator who can step in and ignore function is easy, though you can still see replies to ignored posters.
In the end a negative voice is okay and can be rightly cautionary. The problem in repetitive rants that take on personal, political, theological, or philopophical tone. Some of is related to personality. There is always worry that some is designed to pump or bash the shares, but there little overall evidence that message boards are powerful in that way. The discord group is for shareholders only (self-policed and self reported). There are 600 plus members owning about 40 million shares. There is some appropriate input to company (no insider info for sure but a willingness to hear concerns).
My first new TXP shares from the Petrobank Shell renaming were on 11/11/2013 at $2.06 and have a minus 63% performance in almost 10 years. So not all has been smooth and it has unfolded very slowly. .
But there is so much more to the company and its prospects today than back then when the plan was to grow production maybe 5-10% a year from shallow legacy blocks with more forest in-fill wells and some workovers. No one believed that South Trinidad on-shore land had much promise because the majors had failed and left. Then came successful Ortoire bid, study of old wells, XM expertise and drive, exploration success at Coho and the CASCADURA (the latter will be one TCF or more when fully developed), Royston still unfolding, Kraken a lottery ticket, many other Ortoire prospects, a possible major asset swap for Rio Clara and Balata East, the new bid round adding Cipero (promising) and maybe Charuma (uncertain). Amazing.
The company has also lived through Covid time and then a more recent major interest rate jump and associated marked tightening of capital markets and increasingly prohibitive terms for loans. In a sector (small company oil and gas exploration) that is totally out of favor for new investment dollars.
And yet we are on the cusp of an ORDER OF MAGNITUDE step change in production, with fixed pricing at a highly profitable level, that will supply enough cash flow to SELF-FUND continuing operations, development drilling, infrastucture needs, and an increased pace of exploration. The successful build out of the major Cascadura A facility has been a big accomplishment for a small company without easy access to capital. And while everything else had to slow down to accomplish that, they still drilled another better designed Royston well with the Star Valley Rig and are testing that right now. And they built the Cascadura C pad for development wells and staged the Star Vally rig there to launch drilling as soon as cash is coming in. And they worked out the Rio Claro asset swap, and they entered the on-shore bid round with (reportedly) success at getting the Cipero block.
Order of magnitude step changes (10 fold increases) do not not occur often in any system and usually have a profound impact. It is kind of an exciting time. We should enjoy the next 6 months as Cascadura comes on-line and increased to 90-100 mmcf/day, and the year after that as Cascadura production is doubled again and a panoply of other items unfold.
S\TXP shares are very undervalued anywhere below $US 1.00. . Have to admit that TXP has been a "buying opportunity" for a very long time. It still is.