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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
|
|
|---|---|---|---|---|
| -0.001 | -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 13/11/2024 17:58 by dicko80 Rig discussions on other siteTowers current contract is for the Norve rig, BW extended it again a few months back, they expect to finish their drilling campaign now early in the new year, then the norve rig is released and is expected to us in Feb but this is where tower are trying to improve and get an alternative rig to spud earlier in the new year , this is what JA refers to in the email below and a lot of investors believe to be the Vali rig , as it is again through Borr and is ready for Jan. Borr have previously stated on record that it’s going to a previously announced contract Links below |
Posted at 05/11/2024 13:16 by jungmana For potential new investors |
Posted at 31/10/2024 12:02 by hazl I stress that my point in bringing these articles to the table are to understand better, what is happening in the oil industry and Africa in particular.And again to bring them to the attention of like minded people for discussion. It is not a ramp before people jump to conclusions but to support the research here on my fairly modest investment. I think it looks more interesting the more I research. We will see. Again interested in genuine investors thoughts. |
Posted at 31/10/2024 11:06 by riskyinvestor Would be nice if we could move in anticipation of the Farmout but that does not seem to be happening.Looks like Investors would rather wait until its actually concluded and pay 0.06p/0.07p |
Posted at 17/10/2024 19:54 by mr hangman Must admit, there is nothing like a good old fashioned placing, to calm these Junior investors down |
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 08/10/2024 16:54 by riskyinvestor CommentOnly Investors who have made money here are the ones who averaged down BIGTIME or maybe a few newbies or bought at 0.015p... What about all the poor investors who bought at 0.30 to 0.60p ?? WISHBONE GOLD (WSBN) is the stock to be in That is behaving exactly like Tower Reosurces ie saying it is a LIFESTYLE COMPANY |
Posted at 03/10/2024 07:06 by edgein Riskyinvestor,Perhaps the longer term investors are just patiently waiting for the outcome of the JV talks in Cameroon and South Africa, bank funding negotiations, rig talks and drilling of Njom-3. Rather than giving running commentary on the current daily trading. The rise has only started if JA completes on the above list. Regards, Ed. |
Posted at 20/9/2024 07:07 by gaf55 Not that I am clock watching, but time is not on JA side to actually deliver on his intention to drill before year endQuote - The Company still intends to drill the NJOM-3 well with Borr this year and is working with Borr on the timing in light of the situation with BW Energy. The Company will update investors when this process is finalised.Have I missed the investor update ? |
Posted at 02/8/2024 06:50 by neilyb675 Tower Resources plc (AIM: TRP), the AIM-listed oil and gas company focused on Africa, is pleased to provide the following update on its activities in respect of its PEL 96 license, offshore Namibia.Highlights · Tower has been notified by the Namibian Ministry of Mines and Energy ("MME") of its agreement to the extension of the Initial Exploration Period of PEL 96 to October 31, 2024 and has invited the Company to apply to enter the First Renewal Period of PEL 96, for a period of 2-3 further years. · The remaining work commitment for the Initial Exploration Period is already substantially complete, and the MME has also agreed to defer the Company's commitment to acquire 1,000 square kilometres ("km2") of new 3D seismic data to the First Renewal Period. · The Company is continuing to work on the evaluation of large stratigraphic and structural leads and prospects and plans to reprocess the previously acquired 2D seismic data over large areas of the license both in the remainder of the Initial Exploration Period and in the First Renewal Period. The Company has been notified by the Namibian MME of its agreement to the extension of the Initial Exploration Period of PEL 96 to October 31, 2024 and has invited the Company to apply to enter the First Renewal Period of PEL 96, for a period of 2-3 further years. The MME has also agreed to defer the Company's commitment to acquire 1,000 km2 of new 3D seismic data to the First Renewal Period. The remaining work commitment for the Initial Exploration Period, comprising the oil seep satellite analysis, play fairway analysis, development of an updated prospect and lead inventory, and the high-grading of acreage, is already substantially complete. However, the Company is continuing to work on the evaluation of large stratigraphic and structural leads and prospects and plans to reprocess the previously acquired 2D seismic data over large areas of the license both in the remainder of the Initial Exploration Period and in the First Renewal Period, in order to support the optimal selection of an area for the further 3D data acquisition. The evaluation of leads and prospects has required further time commitment due to the encouraging discovery of a large number of substantial stratigraphic traps, in addition to the large anticlines and other structural traps that had already been identified. Our basin modelling work, completed in 2023, had previously identified source rocks deep within the PEL96 portion of the Dolphin Graben calculated to be mature for in excess of 100 to 150 billions of barrels of oil generation, and also identified well-defined migration paths for this oil, and this work has been shared with investors in the Technical Presentation that the Company made to Africa Oil Week and posted on Tower's website on 11 October 2023. Since that time, the Company has reviewed and interpreted in excess of 20,000 line kilometres of 2D seismic data across PEL 96. This has resulted in the identification of a substantial number of very large stratigraphic traps in five main areas of the license, favourably located adjacent to those deeper source rocks of the Dolphin Graben and the migration paths we identified. The results of this intensive technical effort have given Tower new and favourable insights into the prospectivity of the acreage, however, it cannot acquire new 3D seismic data over all of them in the next phase of work. Due to the variability of quality or coverage of data over some of these leads, the PEL 96 Joint Venture currently intends to reprocess the existing seismic data in these areas to extract as much information as possible from the original data files and significantly improve seismic data quality. The seismic reprocessing work will enable the PEL 96 Joint Venture to make a final choice regarding the optimal 3D data acquisition area - a view Tower shared with MME in the Company's Technical Advisory Committee meeting in Windhoek last week. The Company and its partners, alongside the MME, are all pleased by the number of leads and prospects that are already identified, and look forward to sharing more information about these when the further work has been completed. Tower Resources Chairman & CEO, Jeremy Asher, commented: "We are grateful to the Minister, the Hon. Tom K Alweendo MP, the Executive Director, Mr Penda Ithini, and the Petroleum Commissioner, Ms Maggy Shino, for their continued support and enthusiasm for our PEL 96 project. Our view of the prospectivity of PEL 96 has improved greatly since we began the current phase of work in 2019, and we look forward to having sufficient data quality to share a more detailed picture of the structures we wish to explore further with the 3D data acquisition, as soon as we have it. In the meantime, we plan to prepare a more detailed report summarising our findings to date, the main conclusions of which we will share with investors in due course." |
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