||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Tower Resources Share Discussion Threads
Showing 49351 to 49373 of 49375 messages
|I am thinking of dipping my tow into TRW. Can. Someone quickly summarise couple of bullet points what the potential benefits are of this country company. Any feedback appreciated.|
|2017 may be the year for change of fortune,we hope!-----Tower are currently negotiating new acreage positions offshore Namibia, with the aim of providing economies of scale and lower risk in future exploration, full details of which will be announced in due course:
Namibia remains, in the Company’s view, a highly prospective area with only 15 exploration wells along a 1,600km section of the Atlantic Margin, with proven source, reservoir and seal
HRT’s Wingat #1 well, drilled in 2013, was the first Namibian well to recover oil to surface and has demonstrated the presence of a working petroleum system
Interest in the area remains high with wells planned by Shell and OMV/Murphy in 2016/17, and with Chariot and Tullow also likely to drill within a similar timeframe.|
|Seeing as they plugged abandoned back in early 2014, they've had plenty of time to assess further. How long do they retain the right to drill in the Namibian block?Hope they do hit in Cameroon as I have several of these! Bought in the 'Glowing in the dark' mania. But have a feeling this is in a slow death spiral.Gla|
|Apparently they didn't go deep enough at the time-----"The estimated cost of continuing the current well to test the deeper targets, including the Albian, now appears to be as much as a further $40 million gross. Despite our interest in the deeper targets, with their large potential resources, this raises the question whether it may be better to wait for the full analysis of the current well before deciding whether and where to drill a second well and test the deeper targets with the benefit of that further information. As a result, the Partners have agreed not to drill further at this time and to evaluate the information and its implications for the Block. The well is being plugged and abandoned."|
|lol what was the comment in the past about there drills pre dusters. Something about glowing if I remember rightly.
Don't know how emptiness can glow.|
|ok cheers soulsauce
I doubt they can survive anymore dusters, but maybe they will finally hit the black stuff. It's a shame oil price is so low at the moment.|
|Nick although I am a bit rusty on trp I believe they are looking to farm down their Cameroon licence with a view to drilling sometime next year. Wouldn't expect anything before Q2.|
|Not followed TRP since a string of dusters.
Can anyone (bulls preferably if there are any) give a brief overview here?
How many wells to drill and when?
Are they looking to farm out anything or have done already etc?|
|Good luck to them this time.
They never did me any financial harm|
|No problem Acamas, now they are going for it again in Cameroon as a last throw of the dice :-/|
Thanks for the reply|
|Just looked in on my travels across the BB's. Have Tower found any oil yet that they can produce in the future? I have been out of them for years started to go cold on them following Uganda dry wells situation seems like a decade ago now|
|In rns 8 Sep. In addition, in order to provide shareholders the opportunity to subscribe for Ordinary Shares at the Placing Price, the Company intends to make an Open Offer to all qualifying UK shareholders shortly following Admission to raise up to £0.56 million (US$0.73 million) (the "Open Offer") at the Placing Price. The Placing is not conditional upon the Open Offer. The Open Offer will be subject to shareholder approval. A circular concerning the Open Offer and Notice of EGM will shortly be sent to Shareholders and will also be made available on the Company's website www.towerresources.co.uk.|
|When is the open offer for us P.I,s ?
Thnx Edlog,didn't want to post anew.|
|How's adgo doing loo|
|Adgo are a loss making company and had a torrid time|
|Fyi please check ADGO will be the next fast mover
will multibag once news on Albert 2 spreads around...|
|RayracIt means they have 250,000,000 shares to get rid of (just a small part of "the overhang" here).Massive quantity of shares to circulate and dump.Will depress the price of this failing company. Plus the previous rns clearly states they will need MORE funding.Shocking stuff..|
|Close to the beginning of the placing document it says:
"We have reduced our cost base further and will continue to do so, but we still require a modest amount of further working capital to extend cash reserves into the first quarter of 2017 as we proceed through the farmout process."
I read that as the Thali farm-out is all that is stopping a further fund-raising.
|So what does today's news mean? Do they hold 25% of TRP now?!|
|Dreadful state of affairs--would say more but do not want to get moderated!!|
|Nearly down to the placing price|
|Mr Hangman---and then do you think it would be a good time to buy back in!!!!!!!!!!!!? Ho Ho|