RE:Re: Touchstone Acquisition of Central Block Lurk & Learns & Tad:
Excellent presentation by the Touchstone Group. Meaning the segments (financial & technical) are well worth the time for any serious/potential investor.
In that the timing of next two (2) wells (for the dry season), is critical. In that accompanied with the reasoning of the front loading of $10 million "LOC" is very well explained vis a vis cash flow optimization.
WRT to Central Block "tuck-in" acquisition (in retrospect), the 3x gas price (potential) expectation might portend a shift to the Coho targets previously indentified which could relegate/downplay the "pressure" (high expectations) on the next two(2) Cas wells. Now there is the underutilized plant capacity of the recently announced acquisition of the Central Block that comes with the Atlantic LNG upside.
The 2024 EPS of $0.04 (after 2023 writedowns) is expected to stay positive.
Decline rates were very well explained using Canada & US comparisons. In defferance to those who continue to traffic in "the sky is falling" diatribe. Probably the same "outfit" (when shorts were harvested) that used the same logic when Chinook encountered water and Royston was declared non-commercial.
On balance, the Cascadura "name plate" that I have previously mentioned is discussed/suggested as the plant design (140m) minus a "factor" that would bring it to a comfortable/sustainable operating rate (aka plant optimized sweet spot) Thus using a 30% SF (safety factor) suggests ~ 100m boe.
BWDIK? As previously mentioned/cautioned Trini's will ALWAYS remenber the two(2) (unintended?) malignments: The "evolved" accent of the locals we depend on to run our infrastructure; and the JS's "characterization" of the Northern & Central Ranges (as they are what they are in comparison to what?).
We could improve with a more careful choice of "bad talk".. as it might detract with what was other wise excellent presentation.
So next year; might we expect to see a reference to an expat in addition to running in marathons, "playing mas" or like Methanix or Nutrien expats in "pan camp & sponsored steelbands" or even (co) sponship of "Invaders" Steel Orchestra ot Tassa ?
GLTAL GLAP Caveat Emptor
Cheers
Stanley