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| 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% | 0.0125 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0125 | 0.0125 | 0.0125 | 0.0125 | 0.0125 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 23/7/2024 09:02 by bionictroller Having little cash is not the same as having "debts which are ridiculous"You are a silly little child NY BOY. You also said months ago that TRP were going bust. Do you have a timeline for this ? The assets are worth far more than the current market cap of £2 million even if there was a fire sale of assets |
Posted at 23/7/2024 07:36 by nick tims Mr Asher, has 9.57% of shares in TRP, he has a greater interest in ensuring that the company has success! Furthermore he has considerable experience. Who do you think should run the company? |
Posted at 22/7/2024 13:36 by bionictroller Q3/4 news flow:✅ Asset level Well financing ✅ Service contracts ✅ Spud date ✅ Rig Mobilisation ✅ Drill Q4 ✅ South Africa / Namibia news ?? New video 21/12/23 Excellent new SPANGEL research note: hxxps://www.towerres Great video: |
Posted at 18/7/2024 14:14 by neilyb675 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 at the Annual General Meeting ("AGM") of the Company held earlier today, all the resolutions proposed in the notice of meeting were duly passed.The voting in respect of each resolution was as follows: In favour Against Ordinary Resolution 1 97.5% 2.5% Ordinary Resolution 2 86.5% 13.5% Ordinary Resolution 3 97.5% 2.5% Ordinary Resolution 4 92.3% 7.7% Special Resolution 5 92.3% 7.7% |
Posted at 01/7/2024 10:29 by bionictroller So TRP's costs for SA have been $13.7 million to date. TRP own 50% of the licence.So if say TRP farm out half of their postion in SA they could get nearly $7 million of their costs back. TRP would be them left with a 25% free carry in SA |
Posted at 28/6/2024 08:48 by bionictroller BP has more shares in isue than TRPVOD has a similar amount of shares in issue to TRP Totally irrelevant. Its the market cap and valuation of the company that is crucial |
Posted at 05/6/2024 09:17 by bionictroller Expires end FEB 2025. Option to extend by 6 monthsRig delay has nothing to do with TRP Can't get a confirmed date until current user has finished with it. of course this is all TRP's fault |
Posted at 23/4/2024 08:49 by dicko80 *Reminder*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 But further upside from the exploration element of the drill 35mmbbl prospect at 68% 24mmbbls net to TRP in the success case @ $3 per bbl that’s $72m/ £57m mkt cap Trp £3m mkt cap Then there is an additional 111mmbbls in other mapped leads , plus the larger deeper targets , to which no numbers in the public domain at the minute, which I’m sure will change We also have multi billion potential offshore Namibia. & SA We await updates on these also All for £3m |
Posted at 18/2/2024 09:05 by dicko80 10 O&G companies to follow in 2024Tower 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 ove 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. |
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