Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tower Resources Plc | TRP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.001 | -3.64% | 0.0265 | 08:24:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0275 | 0.0265 | 0.0275 | 0.0275 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 10/11/2024 19:53 by dicko80 It would be highly positive for a number of reasonsGot to remember the asset has been on long term care and maintenance, so to get a partner who’s going to take it forward would be huge news, it’s highly prospective lying on trend to totals previous discovery and also clear DHI/AVO anolmy is present over massive structures - deep play and basin fan Remember TRP have only a mkt cap of c£5m , we talking billion bbl prospects , so clearly would be massive for little old Tower 3D to firm up the two plays and then potential drilling So if we farm out and go down to 25%, we would be heading towards drilling a 1.5billion bbl prospect with 25%, that’s 375mmbbls to TRP we currently sit at £5m mkt cap Discussions will have been thorough and no doubt discussing equity when we get into production, maybe our equity will reduce further for free carry to production Hopefully we are now coming to to value creation events from these levels, with clear development plans and routes to production 2025 Cameroon Drilling four wells Production Namibia farm out Booking reserves Cameroon Mkt cap £100m+ 2026 further drilling Cameroon , deeper plays Ramping up production 3D SA 3D Namibia £200m+ 2027 Drilling SA Drilling Namibia Each billion bbl prospects … Due to their sheer size of the prize the mkt cap based on 25% stake in each would have to be £500m On the basis of £1per bbl that’s without factoring Cameroon which should be £200m + Hopefully there is money to be made here short term with confirmation of Cameroon farm out , but the huge returns is holding for drilling the billion bbl prospects So a SA farmout would be transformational |
Posted at 16/10/2024 20:28 by thiopia It was a good guess. But it's had almost zero impact on the price. D+. Try harder.mr hangman - 02 Oct 2024 - 19:25:12 - 36037 of 36451 TOWER RESOURCES - TRP Lots of excited junior investors, wonder I& they actually know what a placing is, and what it can do to a share price mr hangman - 02 Oct 2024 - 20:29:02 - 36038 of 36451 TOWER RESOURCES - TRP Shall we have a friendly game, predicting the next placing price ? I will do a list Friday at 430pm I will go first Mr Hangman 0.028 |
Posted at 16/10/2024 19:13 by emrysiorweth TRP need to progress the Namibian asset and some of this money will go towards that. Also TRP will be using some of the money on the ground in Douala for drill preparations |
Posted at 09/10/2024 21:30 by dicko80 Thanks China , the share price angel note had 23.63p target but there was no allowance for GBP deep asset that overlaps our licence, c200mmbbls to TRP in a success case, nothing in for the deeper plays offshore Cameroon but we now know some numbers based on TRP presentation 600mmboe+, Namibia is just getting bigger, the stratigraphic traps and large anticlines never been looked at and now we are being told further work is required due to the sheer size and scale , the licence area is huge ! Sp angel only give 800mmbbls towards their sum of parts price breakdown, we could have many many times this resource in NamibiaSo 34p might look conservative |
Posted at 08/10/2024 19:59 by dicko80 Cameroon infoInvestment case part 1 With any stock timing is key... TRP have suffered due to timings for all 3 assets.. but the following information outlines the investment case with all 3 projects now in play Cameroon Appraisal drill high COS, targeting 16,000 BOPD. first production from Njonji estimated at just 6 months after drilling phase 1 @ 8k bopd 8000bopd x 365 days x $90= $262.8million gross per annum phase 2 production estimated to double to 16k bopd with the deeper sands 16000 x 365 days x $9 = $525.6 million gross per annum TRP mkt cap just £7m June 2022 "The Company has also updated its estimate of the NPV10 of the base volumes in the 24.9 million barrel pMean recoverable case, to $305 million, as set out in the linked presentation at page 11." April 2023 "Updated resource estimates and risks for the reservoirs connected to the NJOM-1 and the NJOM-2 discovery wells, substantially lowering risk attributed to PS9 Sup and PS3 HW reservoirs, and increasing total risked pMean prospective resources to 35.4 million bbls." $305/24.9*35.4 = $433.61m NPV10 (On a pro rata basis) technical overview Njomi 3 - 90% COS according to OIL report as below additional 111 million bbls of prospective resources identified in the OIL report may be found. you'll note on the farm out flyer they have now included the Dissoni & Ideneao prospects with pmean recoverable of 111.3mmbbls making pmean recoverable total of 149mmbbls quick maths on the revised recoverable plus the increase in resources noted in the RNS link above 149 + 7 = 156mmbbls recoverable quick maths for NPV10 on a pro rate basis $305m/24.9mmbbls*156 $1911mNPV10 "equally large undrilled deep play upside identified on 3D on trend with proven reserves..." Then there are much deeper prospects which currently have no numbers on potential in the public domain but are turbidite and sandstone exploration plays are analogous to giant fields such as Alba and Zafiro which are on trend within the same basin which TRP are keeping this information to themselves for now ;) So whilst we await farmout completion and drilling to commence early Jan, njomi is only a small percentage of what we have in the licence areas , proven oil , derisks close to 150mmbbls recoverable then we have the deeper exploration plays as free shots as we progress and ramp up |
Posted at 02/10/2024 20:03 by charlieharper1 "Why would you put £12m for a drill when you could buy the licence for peanuts ie when it expires or buy this company for £7m"A lot of your posts are nonsense but the above takes the biscuit. TRP won't let the licence just expire. TRP have a 6 month contingency lined up with the governemnt and SNH post 4th FEb 2025 if needed. Nobody could buy TRP as a company for the £7 million which is 0.045p per share. When someone bids for a company they have to get over 50% acceptance for the offer to become conditional Would JA (owns 10%) accept 0.045p ? NO Would I accept 0.045p ? NO Very few would accept 0.045p So to get a bid to go through they would have to bid much higher I might consider a takeover at 0.25p Clearly you haven't got a clue. |
Posted at 02/10/2024 17:27 by charlieharper1 NYBOYWhatever the deal TRP annouce you will try and pick holes in it. You hold no shares in TRP Clearly you are bitter about your past losses in TRP Move on with your life. |
Posted at 30/9/2024 08:29 by sharebuyerzero A farm out with a major is likely to be on 75/25 terms - with TRP being 25% obvs.If this is a billion barrel asset , you are looking at something like $70bn. Post capex and opex are looking like something like $50bn profit. TRP will have 25% of $50bn profit stream over 25 years. $8 - 10bn net cash flow to TRP. Current mkt cap £4.5m. Wow |
Posted at 01/9/2024 09:54 by bionictroller TRP did have a contract signed for the Norve rig but it was all depenedent on the current company using the rig. The current user of the rig needs the Norve rig for longer than initially thought. The Norve rig is not now availabe until March 2025 which is too late for TRP. This is why TRP are looking at other rigs like the brand new VALI rig. |
Posted at 08/8/2024 08:08 by neilyb675 Buy 20000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0169pBuy 30000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0169p Buy 40000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0178p Buy 50000000 TRP - TOWER RESOURCES ORD GBP0.00001 at a price of 0.0179p 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: 60000000 TRP - TOWER RESOURCES ORD GBP0.00001 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
