ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TRP Tower Resources Plc

0.02
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tower Resources Plc LSE:TRP London Ordinary Share GB00BZ6D6J81 ORD GBP0.00001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.02 37,025,014 08:00:19
Bid Price Offer Price High Price Low Price Open Price
0.019 0.021 0.02 0.02 0.02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD USD -1.01M USD -0.0001 -2.00 1.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:34 O 5,000,000 0.0195 GBX

Tower Resources (TRP) Latest News

Tower Resources (TRP) Discussions and Chat

Tower Resources Forums and Chat

Date Time Title Posts
19/4/202414:57TOWER RESOURCES35,376
18/4/202412:14Tower Resources, stratospheric RISER from 0.25p4,515
08/4/202416:02The Real Tower Investors Thread9
05/4/202407:04Jeremny Asher needs to RESIGN15
20/2/202414:27Tower Resources, stratospheric RISER from 0.05p3,158

Add a New Thread

Tower Resources (TRP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:28:350.025,000,000975.00O
15:21:430.024,523,425877.54O
14:50:520.025,035,0001,027.14O
13:58:590.02530.01O
13:27:330.0210,000,0002,050.00O

Tower Resources (TRP) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Tower Resources Daily Update
Tower Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TRP. The last closing price for Tower Resources was 0.02p.
Tower Resources currently has 8,443,981,022 shares in issue. The market capitalisation of Tower Resources is £1,688,796.
Tower Resources has a price to earnings ratio (PE ratio) of -2.00.
This morning TRP shares opened at 0.02p
Posted at 12/4/2024 13:33 by neilyb675
Buy 50000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0219p

Buy 60000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.022p

Your order can not be completed automatically

Your order cannot be completed automatically at this time, but can still be submitted as a negotiated order. Reasons for this could include market volatility, the size of your order, or because there is not enough electronic stock available to match your order.

Because your order cannot be completed automatically we cannot guarantee the share price at the time of your trade.

Your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time. All orders will be completed in fair and due turn as soon as is practically possible.

Once you have placed a negotiated order you do not have the facility to cancel this instruction online.

BUY: 61000000 TRP - TOWER RESOURCES ORD GBP0.00001
Posted at 11/4/2024 09:36 by bionictroller
Core USA inflation has been much higher in recent years.

USA inflation data has no relevance to TRP drilling offshore Cameroon.

In fact the more relevant statistic for TRP is the price of oil which at $91 is great news for TRP
Posted at 28/3/2024 12:43 by bionictroller
RI

JA has only made you poorer if you sold your TRP shares today.

Why did you buy TRP in the first place ?

I and many others have bought for Thali to get drilled. I couldn't care less about the short term share price as of today.

JA has done wonders to get TRP were we are now.
Posted at 21/3/2024 20:44 by chinahere
Ha. Thanks bullrun1.

I forgot how diminished we are!

I have to ask though, what is your '0.01' ? is it a hundredth of a penny or a hundredth of a pound?

It is hard to calculate this share price isn't it !

(Hargreaves Lansdown can't cope with such a low share price, they can only do hundredths. lol.)
Posted at 07/3/2024 18:21 by steveberyl
If Chevron are paying the sums Published for the Quantities Mentioned, TRP could well expect a Monumental figure, a life changing Share price for many holders in the event of a similar deal falling into the lap of TRP.
Posted at 05/3/2024 07:11 by dicko80
The share price Angel research note assumes 32% farmout for $10m

If this was the case the value of njom3 on a 100% WI would be $10m / 32 x 100 =

$31.25m

TRP retain 68%

$31.25m x 68% =

$21.25m / £17m

TRP current mkt cap £3m

Some 450% upside on the value of the deal alone



There after, leading up to the drill the share price should start to price in some success with it being an appraisal drill
Posted at 25/2/2024 09:09 by affc21
$6 or $7m has already been spent on equipment for the upcoming NJOM-3 Appraisal wellI have been reading and watching a few share price Angel analyst reports on TRPWhat I noticed was that$6 or $7 million in Rig Pipes and Other Equipment has already been purchased upfront for the upcoming Njom-3 appraisal well, which greatly exceeds the present market capitalization as it presently stands.(see below for details, with my cap's to highlight:)SP AngelResearch Note6 December 2023VALUATION:PAGE 14This suggests a post-money gross valuation of just over $30m for a farminee to enter the Njonji opportunity at the ground floor level ($10m past costs plus $20m NJOM-3 cost, c.$6 MILLION OF WHICH HAS ALREADY BEEN SPENT) This is equivalent to attributing a c.40% chance of commercial success to the Njonji Phase 1 development @ $60/bbl in our Risked NAV, or approximately half the chance of success (80%) attributed in the 2020 independent resource report. These terms are less generous than seen in historic transactions, which reflects the decline in sources of risked equity capital to fund exploration and appraisal activities in the junior oil and gas sector.https://www.towerresources.co.uk/wp-content/uploads/2023/12/TRP-2023-12-06-Initiation-Report.pdfAndBR Business News:David Mirzai, Head of Energy Research, share price Angel on Tower Resources, 21 December 2023:David Mirzai (5 minutes in):"Have probably a cost of $20m for this well,PROBABLY ABOUT $6 OR $7 MILLION OF THAT HAS BEEN PAID UPFRONT IN TERMS OF TOWER GOING OUT AND GETTING RIG PIPES AND GETTING SOME OF THE EQUIPMENT IT NEEDS TO DRILL THIS WELL...but that leaves $13m or $14m that it needs to fund this appraisal well on the Njonji Discovery"BR Business News: David Mirzai, Head of Energy Research, share price Angel on Tower ResourcesToday Tim is joined by David Mirzai to get his analysis of Tower Resources. ------Core Finance is part of Core London, a TV production company based in Londo...https://youtu.be/LGJPfX7_8Fw?si=6sW_hLmNKCNlK2Dz
Posted at 18/2/2024 15:36 by riskyinvestor
From Oilman Jim

Tower Resources (TRP.L TWRFF ULF1.F) announced repayment of the Energy Exploration Capital Partners facility (an effective death spiral type arrangement) and a subscription to raise £600,000 to pay for it. The shares are being issued at a price of 0.018p, a discount of approximately 10% to the closing bid price the previous day (the share price was down from a high of 0.029p a week previously). Tower says it is pursuing multiple asset-level financing discussions and remains confident of spudding the NJOM-3 well in Cameroon this summer.
Posted at 18/2/2024 09:05 by dicko80
10 O&G companies to follow in 2024

Tower Resources

Africa-focused exploration and production group Tower Resources (AIM:TRP) has spent 2023 constructing a balanced portfolio ranging from exploration through appraisal to production, initially focusing on lower risk appraisal and development within the proven Rio del Rey basin in Cameroon, where there is also low-risk exploration upside, while maintaining selective exposure to longer term and higher risk/reward prospects in Namibia and South Africa.

TRP is seeking near-term production and revenues through its 100pc interest in the shallow-water Thali PSC, offshore Cameroon, within the prolific Rio del Rey basin in the eastern part of the Niger Delta. The Thali Block has the potential to hold at least four distinct play systems, including two established plays in which three discovery wells have already been drilled. TRP’s priority is to drill PSC’s NJOM-3 well and thereby illuminate the potential of the asset’s Njoni structure. Risked pMean recoverable resources for reservoirs connected to the NJOM-1 and NJOM-2 wells have been estimated at 35.4 million barrels. TRP is seeking farm-out or equivalent funding at the asset level, estimating the funding requirement at around $13m. 

The company says it is

‘discussing this with multiple parties, and one discussion is now at a very advanced stage’.

Earlier this month TRP announced the company had executed a contract for the hire of a suitable jack-up rig to drill the NJOM-3 well on in 2024.

TRP also has an 80pc operated interest in licence PEL 96 covering Blocks 1910A, 1911 and 1912B spanning a swath of the northern Walvis Basin and Dolphin Graben offshore Namibia, an under-explored region in which past drilling results have already proven the presence of a working oil-prone petroleum system, along with good quality turbidite and carbonate reservoirs. The blocks are located directly adjacent to licences in which ExxonMobil has interests. An initial (unaudited) resource estimate for PEL 96’s primary prospects and leads indicates billion-barrel oil potential in the licence’s Outer High Structural Closures, and includes individual leads ranging from 250 to 686 MMbbl in the Dolphin Graben Structural Closures, although this work is now being reviewed in the light of TRP’s recent basin modelling work. The company is developing an updated prospect and lead inventory leading to the specification of the optimal area for 3D seismic data acquisition and contractor selection for that work

TRP has a 50pc interest in the 9,369 km2 Algoa-Gamtoos licence, offshore South Africa, operated by New Age Energy. The acreage straddles the Algoa and Gamtoos basins on the shelf, and the outboard slope edge of the South Outeniqua Basin where Total made its Brulpadda and Luiperd discoveries in its Blocks 11B/12B, which are adjacent to Algoa-Gamtoos to the west. The updated (unaudited) prospective resources estimate, summarised on an unrisked volumetric basis, indicates a summed mean of Oil in Place of 5,273 MMbbl, and a summed mean of Recoverable Oil Equivalent of 1,983 Mmboe, but the most important part of this is in the deep-water Outeniqua basin lead. TRP continues to discuss the possible schedule for 3D seismic acquisition over Outeniqua, which may be feasible in 2025.

The challenge of securing financing for Thali’s NJOM-3 well have weighed on TRP’s value, currently 0.02p, keeping the company’s market cap at £2m, a figure dwarfed by the value of the company’s assets. The company ended 2023 on a positive note, securing a rig for NJOM-3, and raising £600,000 to support work programme commitments in all three of its licenses over the coming months.
Posted at 16/2/2024 09:34 by deanmatlazin
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that the Company has raised gross proceeds of GBP2,300,000 through a conditional placing and subscription of approximately 4,600,000,000 new ordinary shares of 0.001 pence each (the "Placing Shares") at a price of 0.05 pence per Placing Share (the "Placing Price") (the "Placing").
As part of the Placing, Jeremy Asher, Chairman and CEO, has entered into a subscription agreement to subscribe for 100,000,000 new Placing Shares in the Placing for GBP 50,000 as further detailed below.


Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that, further to the Company's announcement earlier today outlining the proposed subscription (the "Subscription") for 3,000,000,000 new Ordinary Shares (the "Subscription Shares"), the Company has successfully placed 3,000,000,000 new Ordinary Shares and raised gross proceeds totalling GBP600,000 at a Subscription Price of 0.02 pence per share. The Subscription Price of 0.02 pence per share represented a 13% discount to the closing bid price of the Company's shares on 15 December 2023.
Pursuant to the Subscription, Jeremy Asher, Chairman and CEO, has entered into an Agreement (the "Subscription Agreement") to subscribe for 400,000,000 new Ordinary Shares in the Subscription for GBP80,000 as detailed below.


Placing to raise GBP1.5 million and Director Dealings
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that it has raised GBP1.5 million via a placing and subscription of 576,923,077 new ordinary shares of 0.001p each (the "Placing Shares") at a price of 0.26 pence per Placing Share (the "Placing"), a discount of 29% to the closing share price on 13 January 2022.
Novum Securities Limited ("Novum"), has acted as sole broker on this Placing.
As part of the Placing, the Company's Chairman and CEO, Jeremy Asher, has entered into an agreement to subscribe for, in aggregate, 9,615,384 new Ordinary Shares in the Placing for GBP 25,000 (the "Subscription") .


Completion of Subscription and Director's Dealings
Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that, further to the Company's announcement earlier today outlining the proposed subscription (the "Subscription") for 20 million new Ordinary Shares (the "Subscription Shares"), the Company has successfully placed 20 ,000,000 new Ordinary Shares and raised gross proceeds totalling GBP 50,000 at a Subscription Price of 0.25 pence per share. The Subscription Price of 0.25 pence per share represented a 2% premium over the closing price of the Company's shares on 23 June 2021
Pursuant to the Subscription, Jeremy Asher, Chairman and CEO, has entered into an Agreement (the "Subscription Agreement") to subscribe for 20 million new Ordinary Shares in the Subscription for GBP 50,000 as detailed below


Jeremy has forked out £200k of his money so far for fundraising. I am sure he wants his money back.
Tower Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock