I feel there is going to be a massive push for Cascadura cashflow and that new exploration drilling will be pushed to H2 2022. For those who are going to attend the LSE Webinar featuring TXP on 25th May I would base probing questions around the below.
The way forward I see as we stand now is :
Q2 Cascadura pressure readings released/reserves comments.
Q3 Royston drilling result / Chinook testing result / Cascadura development planning/progress.
Q4 Four wells in the South West oilfields, 3 shallow and 1 deep (testing for elephants - a covert explo drill - to test the new rigs capabilities and of course, to check out what XM has been investigating down there, if there is anything lurking in the deep.........but the headline is its another production well from the shallow)
Q4 Cascadura work being fast tracked to get online year end or as close to it as possible.
Q1 2022 Cascadura development drilling - getting as much gas on line as possible/infill drilling
Q2 2022 Chinook development drilling - getting as much oil into the liquids pipeline from Cascadura
H2 2022 Development drilling at Royston (all being well) and then exploration drilling.
Gaubine likely to be oil target, fast tracked following Chinook result - will feed into the liquids pipeline route being put in place for Cascadura liquids.
Steelhead next, tie into Royston pads.
Finish 2022 with a bang, and Kraken gets drilled Q4 2022.
That plan will leave them absolutely rolling in cashflow end of 2022, with Coho and Cascadura gas and liquids, Chinook oil, Royston potential gas and Gaubine potential oil - all on production.
Link to register page for the 25th May presentation is below : https://us02web.zoom.us/webinar/register/9115997398446/WN_4mo_Tp8iTNyczo4hxQ_QcQ