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TRP Tower Resources Plc

0.02
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Tower Resources Plc TRP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.02 12:02:21
Open Price Low Price High Price Close Price Previous Close
0.02 0.019 0.02 0.02 0.02
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Tower Resources TRP Dividends History

No dividends issued between 18 Apr 2014 and 18 Apr 2024

Top Dividend Posts

Top Posts
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 15:35 by bionictroller
FYI

Panmure Gordon have been joint broker for TRP some time. They have not done any work for TRP for some years. The other joint broker has done all corporate work for TRP.

Panmure will not be replaced.
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 07/3/2024 21:23 by bionictroller
Why are you so bothered as you own no TRP shares ?

The rig is not listed as "under negotiation" with TRP as they have signed a contract you complete moron

TRP will be drilling end July / Aug I was told only this week.

Why do you care anyway loony ?
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 10:54 by dicko80
SA

Totals large gas condensate discovery with AVO analysis has now been mapped and confirmed TRPs deepwater fan leads x2 are not only on trend with their discovery but also exhibit AVO analysis

Interesting bit is where Totals exhibits AVO class III (gas) then deeper down dip class IIp (oil/condensate) at deeper depths, highlighting the change in gas to fluids at greater depths

TRP deepwater prospects exhibit AVO analysis observed downdip in Totals discovery below the gas suggesting the sands in tiny old TRPs deepwater prospects to be charged and oil bearing

These two large prospects are estimated to contain

A mean of 3.75 billion bbls

P10

7.5 billion barrels OIP

Discussions ongoing with the JV partner on the next steps
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.
Posted at 08/2/2024 09:08 by deanmatlazin
16/5/23

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").

18/12/23 - Another placing

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.


This company burns average £600k per month. WOW!!!


Another fundraising is imminent!! NO money for March onwards. Bloody ellllll

Wait for JA Special - fundraising at 0.01p in 2-3 weeks. Luckily he is given another lifeline to get people to fund his luxury lifestyle :)
Posted at 04/1/2024 08:13 by neilyb675
Buy 10000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.023p

Buy 20000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.023p

Buy 30000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.023p

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: 40000000 TRP - TOWER RESOURCES ORD GBP0.00001

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