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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
|
|
|---|---|---|---|---|
| -0.0005 | -1.61% | 0.0305 | 16:10:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.031 | 0.0305 | 0.0325 | 0.0305 | 0.031 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 15/1/2025 18:00 by labourout TRP cash position.16th Oct 2024 £1.2 million raised 11th Nov 2024 £275,000 raised Last Friday $937,500 received on execution of farm out When approvals come by end of Q1 a further $937,500 and $2,500,000 will be paid to TRP On approval $15,000,000 due from Prime which will pay fot the Cameroon drill in FULL Today £1.4 million ish received from JA for his 5.6 billion shares at 0.027p that he paid for. So it is fair to say that TRP is fully cashed up and raring to go. I bought another 60 million shares today Now got 700 million ish |
Posted at 12/1/2025 09:40 by neilyb675 Share Price vs Fair ValueWhat is the Fair Price of TRP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model. 99.5% Undervalued Current Price UK£0.00039 Fair Value UK£0.082 Discounted Cash Flow Simply Wall St UK£0.082 Fair Value 99.5% undervalued intrinsic discount 1 Number of Analysts Below Fair Value: TRP is trading below our estimate of fair value (£0.08) Significantly Below Fair Value: TRP is trading below fair value by more than 20%. Key Valuation Metric Which metric is best to use when looking at relative valuation for TRP? Historical Price to Book Ratio compares a stock's price to the book value of it's equity over time. Higher ratios indicate that investors are willing to pay more for the stock. |
Posted at 11/1/2025 15:27 by labourout weak hand ?TRP's didn't have the money to complete 2D reprocessing data let alone 3D seismics for Namibia Now they have $2.5 million and a lower % of future costs to pay for any work programme There was lots of interest in the Cameroon farm out Whatever TRP does or says they will always have their knockers. On all valuation models TRP are massively undervalued. |
Posted at 11/1/2025 15:10 by labourout "Tower are left with 55% not 60%. Also, 25% interest is not small."NOT TRUE TRP owned 80% of the Namibian PSC They have farmed out 25% of THEIR portion of the licence So TRP are left with 60% |
Posted at 10/1/2025 09:09 by moneymunch Lol Mr hangman, you muppet,Any good news for GBP will be also be good for TRP as they have a 25% free carry on GBP's Namibia prospect. Gl ;-) From TRP June 2020 "Tower observes that this figure corresponds to the portion of the prospect on block 2011A, and notes that approximately 25% of the Welwitschia structure lies in block 1911, which is covered by Tower's license PEL 96. Although this proportion is an estimate made without the details of Global's detailed reinterpretation, it would imply that the total Best Estimate unrisked gross prospective resources of the Welwitschia Deep prospect's entire structure would be in the region of 895 million barrels. Of this, approximately 224 million barrels would lie in block 1911, of which approximately 179 million barrels would be attributable to Tower." |
Posted at 07/1/2025 19:49 by labourout HangmanClearly you are not up to speed. GBP have 3D siesmics for their license area and that is why they are way ahead of TRP is getting a farm in partner for Namibia. Also GBP have actively been looking for a partner. TRP have no 3D data yet for their license offshore Namibia and aren't even looking for a partner yet. TRP's priority is Cameroon for real cash flow. |
Posted at 31/12/2024 09:46 by chesty1 Just one question for TRP holdersHow long has TRP been talking up farm outs & has any farm out happened to date? |
Posted at 27/12/2024 07:18 by southway2 Interesting, but according to ny/tanboy it's administration bound .Believe that idiot or the below.........Tower Resources Tower Resources (AIM:TRP), pursuing a portfolio of oil and opportunities in Africa, is now close to concluding an agreement for the farm-out of its highly prospective Cameroon licence, and has made progress in clarifying the potential of its interests in Namibia and South Africa.TRP's current focus is on advancing its operations in Cameroon to deliver cash flow through short-cycle development and rapid production with long term upside, and de-risking exploration licenses through acquiring 3D seismic data in the emerging oil and gas provinces of Namibia and South Africa, where world-class discoveries have recently been madeTRP has a 100pc interest in the shallow-water Thali Production Sharing Contract covering 119.2 km2 of the Rio del Rey basin, offshore Cameroon. The basin has to date produced more than one billion barrels of oil and has estimated remaining reserves of 1.2 billion boe, primarily within depths of less than 2,000 metres. It is a sub-basin of the Niger Delta, an area in which over 34.5 billion barrels of oil have been discovered, with 2.5 billion boe attributed to the Cameroonian section.The Thali Block has the potential to hold at least four distinct play systems, including two established plays in which three discovery wells Rumpi-1, Njonji-1 and Njonji-2 have already been drilled on the Block. The latest company estimate of risked PMean recoverable resources is now 35.4 million barrels.TRP's second major prospect is a 80pc operated interest in Blocks 1910A, 1911 and 1912B (PEL 96) covering 23,297 km2 of the northern Walvis Basin and Dolphin Graben offshore Namibia, an under-explored region in which recent drilling results have proven the presence of a working oil-prone petroleum system, along with good quality turbidite and carbonate reservoirs. Recent licensing activity in the area has included the farm-in of Chevron to the PEL 82 license to the south.The company also has a 50pc interest in the Algoa-Gamtoos licence, offshore South Africa. The 9,369 km2 acreage straddles the Algoa and Gamtoos basins on the shelf, and the outboard slope edge of the South Outeniqua Basin, where TRP made its Brulpadda and Luiperd discoveries in Blocks 11B/12B.TRP reported positive developments across all of its licenses in 2024, notably in Cameroon, where it is close finalising financing for the development of the NJOM-3 well, having received a proposal for the financing of the well via a farm-out of a minority position, 'from a substantial upstream company with existing production'. Spudding has now been targeted for 'early in 2025'.An October update reported that the company had received an updated proposal from the interested party, which would provide more than $15m funding for the Thali PSC work programme, including drilling the NJOM-3 well in return for a minority interest in the PSC, with TRP remaining as the operator. Importantly, the proposal does not contain any financing contingency as the counterparty has available funds, and a portion of the funding would be secured by a bank guarantee. TRP is currently reviewing the current proposal and clarifying its terms where appropriate, and expects to work on detailed contracts with this partner, or one of the other parties interested in the licence, 'over the coming weeks'.TRP has raised £1,188,500 to 'remove any funding pressure while the Company concludes its Cameroon farm-out negotiations, and to allow the Company to keep operational preparations for drilling the NJOM-3 well moving forward without delay'.In Namibia TRP spent the first six months of 2024 analysing more than 20,000 kms of 2D seismic data held over the PEL96 license area to identify the most promising structures along the likely oil migration paths identified by basin modelling and the oil seep analysis. The company has found 'interesting structures in several areas of what is a very large license area, covering nearly 24,000 kms at present'. Rather than acquiring new 3D seismic over such a large area the company is reprocessing some of its existing 2D data to decide on which structures to focus on.TRP said that although the company is 'not formally seeking to farm out our license interest in Namibia, as we consider it somewhat premature given the current stage of work', it is pleased to have 'received unsolicited interest in the license and are sharing data with parties who wish to discuss it with us even at this early stage.'Regarding South Africa, the company has been in discussions for some time with a potential partner for its Algoa Gamtoos license. This has 'now reached the stage where draft documents are being prepared'.TRP currently trades at 0.032p with a market cap of £8.44m. |
Posted at 06/12/2024 07:25 by dannymaz89 "Finally, an undisclosed customer has issued a firm and binding Letter of Award for a campaign expected to begin between Q4 2024 and Q1 2025, with an estimated duration of 480 days"-TRP drill plan is 12-15 months (460 days)The new contract is with an undisclosed operator in Africa and is scheduled to begin around the fourth quarter of 2024 to first quarter of 2025 and run until the first or second quarter of 2026-TRP plan to start drilling Q4 2024-Q1 2025"In fact, that rig was delayed for operational reasons, but there are now more rig alternatives available to us"-After this happened the vali rig was commissioned and the norve reassigned to marathon oil"Borr Drilling is to take delivery of new 400-ft jackup Vali from a Seatrium shipyard in Singapore this week and is in the final stages of assigning the rig to a previously announced contract"-TRP is the only previously announced African contract that doesn't have a rig assigned "While Borr has not revealed the rig's destination, market sources have indicated that the contract is for work in Africa"Hmmmm ?#TRP |
Posted at 27/11/2024 22:06 by emrysiorweth I am expecting fireworks at GBP tomorrow. I own 60 million all bought sub 0.1pTRP will follow suit soon. I own 2.4% of TRP (did own 2.7% but recently got diluted) All shares in my SIPP so tax free. I predict a very merry Xmas to all GBP and TRP holders. |
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