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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 | -4.88% | 0.0195 | 10:13:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0205 | 0.0195 | 0.0205 | 0.0205 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 03/4/2024 10:13 by riskyinvestor Well some good news for you Investors hereThe AIM Market is not dead GDR is up 60% today on news If Tower Resources actually bring out good positive news then I beleive it can do a 500% rise in sessions over a 4 week period |
Posted at 03/4/2024 08:37 by riskyinvestor The AIM Market is deadJA needs to list on another Exchange Investors have finally realised that the AIM Market is a con market |
Posted at 03/4/2024 08:23 by riskyinvestor Says it all what Investors think of Tower ResourcesNOT EVEN ONE TRADE YET |
Posted at 02/4/2024 19:17 by riskyinvestor The London AIM Market is finished. Too many Companies on AIM are duds. Directors use AIM companies to feed their lifestyle instead of creating Shareholder Value.Investors have finally found out that the AIM Market is a con market and hence deserted it. Instead they are investing in Crypto for better returns. |
Posted at 28/3/2024 15:00 by riskyinvestor Anyone can ring me on that numberThe AIM Market is a Fraudalent Market All these directors need to be banged up for misleading Private Investors |
Posted at 28/3/2024 14:23 by riskyinvestor I want JA to resignThe man has cost Private Investors a lot of money whilst he has been transferring funds from Tower Resources to his own Private Company |
Posted at 21/3/2024 16:51 by chinahere If $11m is worth 32% of Thali - how much is our remaining 68% worth?I would be amazed if we get anywhere near the equivalent £17m market cap. 1p (edit 0.1p) plus per share. If I were the investors I would ask for 45% and the $2m would be included. Losing 13% of Thali must be better than diluting below 0.05p to raise the $2m. |
Posted at 21/3/2024 09:36 by ny boy Set your VPN!Investors are more into buying blue chips today, not high risk tiddlers like this one, with a strong likelihood of going to 0p |
Posted at 03/3/2024 20:09 by dicko80 Cameroon is attracting global investors with fresh exploration and innovative gas reserve exploitation.The country's focus on revitalizing the sector, showcased at the IAE 2024 forum, signals a promising future ahead. At a pivotal moment for its energy sector, Cameroon is steering towards revitalizing its oil and gas reserves through innovative strategies and international collaborations. The country's endeavor to attract fresh exploration and exploit marginal gas reserves has positioned it as an attractive hub for global investors, particularly spotlighted at the upcoming Invest in African Energy (IAE) forum in Paris. Cameroon's oil and gas sector is witnessing a significant transformation, marked by the initiation of new exploration activities and the development of marginal assets. The introduction of a floating LNG facility underscores Cameroon's commitment to leveraging its gas reserves innovatively. The recent 20-year Production Sharing Contract (PSC) between Anglo-French independent Perenco and Cameroon's National Hydrocarbons Company for the Rio del Rey Basin highlights the region's potential, boasting over a billion barrels of oil produced and an estimated 1.2 billion barrels of remaining reserves.… with Tower Resources spearheading exploration efforts under its Thali PSC in the Rio del Ray Basin, anticipated to hold significant reserves. The company's plans to drill an exploration well by 2024 further emphasize the growing interest in Cameroon's untapped potential. |
Posted at 06/12/2023 18:52 by thenorseman2 «Recommendation and target price:We initiate coverage on Tower Resources as a Speculative Buy with a 0.12p/sh target price that is based solely on the Core NAV assets and already embeds a c.£3m equity raise at the current share price (0.028p/sh), which we expect to roughly double the number of shares in issue. In our view, Tower offers investors attractive exposure to the success of the rig contracting and farm-out processes on the Njonji oil discovery, offshore Cameroon. The current share price implies only token option value is being attributed to this asset ahead of realising a rig slot and funding partner to drill the NJOM-3 appraisal well, which is expected to confirm the commerciality of the oil resources. We think that signing a rig contract for the NJOM-3 well will prompt a farm-in partner to come into the well and complete the required financing.Further upside as project milestones reached:Our target price provides over 300% of near-term potential upside for investors looking to speculate that with a rig contract place, the rest of the funding and licence requirements can be completed. Following a successful farm-out process leading to positive results from the NJOM-3 appraisal well, investors can then look to base the Risked NAV valuation at a higher level reflecting a development asset moving towards first production and cash flow within 18M. Our unrisked Njonji Phase 1 valuation is 0.57p/sh, which rises to 0.83p/sh based on a 25mb development at $90/bbl Brent oil price. Notwithstanding the potential for further share dilution or farm-downs to raise additional funds, investors can look beyond our TP towards a higher risked valuation of the wider portfolio, subject to the timing and scope of a drilling programme. |
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