Tower Resources Share Discussion Threads

[judijudi] 27/1/2021 07:02

More confetti like dilution just to pay the bills imho

[jimarilo] 27/1/2021 01:15

Jan 26 | 2021 What can we expect from the region in 2021? Good piece in here on New Age and TRP https://africa-oilweek.com/Articles/south-african-exploration-gathers-momentum

[albert3591] 26/1/2021 17:25

Judi judi,,these type of shares nearly always are.

[jimarilo] 26/1/2021 13:29

Some serious volume, bodes well for the week ahead, once this churn is complete

[fillipe] 26/1/2021 11:27

Lowest ask on show is 0.47p .... highest 0.55p - all as I type. f

[pembury] 26/1/2021 11:17

4.3m buy at 0.5p nice

[jotoha2] 26/1/2021 10:42

Not t o sure about that this time , it's certainly benefiting from the gbp news , we need JA to step up and release some news.

[judijudi] 26/1/2021 10:34

Another pump n dump by the looks of it

[jimarilo] 26/1/2021 10:32

There has always been the possibility of a consolidation of licences in the Walvis basin. Eco and Azinam have taken the old Oranto blocks. Azinam walked from the southern Walvis basin. Africa Oil Corp have a surplus of cash and have 30% of Eco and Exxon cannot be discounted from a deal All sorts of permutations ahead but Namibia looks to be in play and certainly South Africa is as well

[justtrying1] 26/1/2021 10:25

Pump and dump careful

[jotoha2] 26/1/2021 10:19

Took another 5m this morning , come on JA spill some beans.

[jimarilo] 26/1/2021 10:13

Hold on to your hats, the online bid has jumped up .445 are sells ;-)

[farnham] 26/1/2021 10:06

Agreed but likely upside in gbp this month Personally I favour Trp

[fillipe] 26/1/2021 10:05

Noticed the 0959 hrs share price lift today, just now. f

[jimarilo] 26/1/2021 10:05

CPR's are normally completed by an independent company, not an inside man Of course Paul Howlett wrote the initial cpr for the prospects on GBP's block, so all a bit suspect lol

[jimarilo] 26/1/2021 09:58

Take a closer look, the upgrade from GBP is all about leads, that are not even at prospect status. It is very desperate to have your own inside man Paul Howlett do a CPR on your leads that will never be drilled, on your only tiny licence. This has been done to get the warrants over the line @ 1.5p TRP have two huge prospects just in Namibia with 2 billion barrels potential and 4 more huge structures, which are at lead status which could easily add a further 1 billion barrels Of course TRP have S/A and Cameroon in addition......TRP are is at a massive discount to GBP imo

[pembury] 26/1/2021 09:44

and for trp as the main lead is in trp block is it not! we know the oil majors have approached trp and are talking

[jotoha2] 26/1/2021 07:55

Indeed , massive good news for gbp , lets hope JA gets his skates on and starts promoting the significance here.

[farnham] 26/1/2021 07:24

Very significant for trp Global Petroleum Limited("Global" or "the Company")Updated Prospective Resources estimate for Namibian Licence PEL0094Global Petroleum Limited (AIM: GBP) is pleased to announce its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed. Global holds a working interest of 78 per cent in PEL0094, and is operator.The additional Prospective Resources, which are in the east of PEL0094, consist of 7 new leads with a total unrisked gross Prospective Resources (Best Estimate) of 2,048 million barrels of oil ("barrels"). As previously reported in July 2020, the pre-existing prospects - Marula and Welwitschia Deep - contain a total of 881 million barrels, making a new total on the licence of 2,929 million barrels unrisked gross Prospective Resources (Best Estimate).Regarding the Prospective Resources attributable to Global, the total unrisked net Prospective Resources (Best Estimate) now total 2,284 million barrels compared with the previous number of 687 million barrels net to Global for Marula and Welwitschia Deep alone.This means that the total unrisked net Prospective Resources (Best Estimate) - both gross and net - are over three times as large, due to the new leads identified. On a risked basis, Prospective Resources have approximately doubled.The technical work undertaken in late 2020 has significantly reinforced Global's confidence that the source rock is present and generating oil in PEL0094 and has further vindicated the Company's view that the acreage is highly prospective.Peter Hill, Global Petroleum's CEO, commented: "As promised in December, we are pleased to report the identification of significant new leads in the eastern part of PEL0094, together with further de-risking of our principal prospect, Marula, and additional evidence of the presence of significant source. The identification of Prospective Resources on such a scale in the new leads is obviously a great boost to the overall prospectivity and attractiveness of the Licence, which is very timely as we commence our farmout process."

[farnham] 26/1/2021 07:23

Huge upgrade to 2200 million barrels at gbp Our neighbours

[jimarilo] 25/1/2021 13:12

Namibia is gearing up for several wells that were delayed from last year, including Exxon in the Walvis basin, Shell and Total . Recon are probably a couple of weeks away from TD on their current well A commercial discovery will have a huge impact in the region, particularly for TRP with the largest net acreage holders in the Walvis basin and a 2 billion barrel potential

[jotoha2] 25/1/2021 12:55

Problem is Namibia has been a graveyard for many small E&O companies , best thing for Asher is to sell Namibia now while there is some interest , with his track record funding to drill will be virtually impossible.

[jimarilo] 25/1/2021 12:52

Online bid just gone up, they are looking for shares it would seem

[jimarilo] 25/1/2021 10:29

Tiny m/cap and 2 billion barrel potential in Namibia alone, adjacent to Exxon Already, had initial talks with a major when oil was on it's knees. Oil has over doubled since last March Azinam have been very quiet of late and will be looking for a route to market for up coming wells. They were said to be looking for deepwater blocks in Namibia, since dropping Pel 44,45 and 71 Here is the licence map, TRP pel96 in the blue. GBP's pel29 has gone in the red TRP are the largest acreage holders in the Walvis basin, Exxon to the North are adjacent, but in the Namibe basin https://www.namcor.com.na/wp-content/uploads/2020/06/Lic_Map_01112019-Received-22012020.pdf

[jimarilo] 25/1/2021 10:08

Indeed, £36k buy is significant