Post by
Proselenes on Jul 31, 2023 5:18am
Good news on Cascadura.........and..........
Cascadura online in a couple of weeks at most, excellent news.
I get the feeling they are doing "prologned and extended" testing at Royston, as they dont want to make the final results public before the Rio Calro license swap deal is finalised. They can use the guise of "extended testing" as a simple way to draw out when they release the final news on the intermediate flow testing.............makes sense to me............
if Royston is a fliyer then the other party might want to renegotiate terms..............so maybe we will not hear about Royston until the Rio Claro swap deal is done and signed off.................
Comment by
Proselenes on Jul 31, 2023 5:40am
I beleive they were hoping to get the asset swap deal done by Autumn. So we might see Royston intermediate being on "3 months" or "6 months" extended flow testing before any results are released............ maybe.............
Comment by
matt2018 on Jul 31, 2023 9:46am
Thanks for all the updates pro. I think you are correct on Royston as his news release didn't elaborate much on it. But don't you think the company they are swapping the assets with know this as well and will want to renegotiate just the same? Also, If swap deal has been signed off on by both parties, do they really have recourse to try to stop/delay it?
Comment by
Proselenes on Jul 31, 2023 10:05am
Possibly........but they (the other party) dont want egg on their faces now...........better the swap deal gets done and all signed off............and then Royston news............. Bascially its swapping potential for real assets.............so the other party gets real production and TXP get the potential of what might be.