Tower Resources Share Discussion Threads

[encarter] 15/10/2018 09:03

They Announced in results that they need to raise 7.7m quid so the share price is heading for 1p imho.

[jimarilo] 11/10/2018 12:50

Something going on, Peel Hunt hold 20% now

That is a serious holding for a micro cap like TRP

I know they have applied for new Namibian licences including PEL10

GBP's Peter Taylor holds 6% here and 20% GBP with licences adjacent to PEL10

[judijudi] 10/10/2018 12:34

Asher and co are going to send this into oblivion
imho

[dodge city] 10/10/2018 10:29

Huge placing imminent, this could easily go back down below 1p.

[encarter] 28/9/2018 07:23

Results out. Trouble in Zambia. Need to raise £7.7m next year. Yikes!

[lardner 23] 26/9/2018 22:08

Extremely dull here.

[jimarilo] 19/9/2018 04:22

Ray if you check out the GBP thread, you will see GBP have just taken block 2011A from PEL10, your quite right they were a bit quick on the draw moving out of PEL10.

However there is till a fair bit left that they have applied for

GBP I think are about to be taken out by ECO and AEC, if that happens they are bound to be interested in the rest of PEL10

GBP now has assets with over 15bln barrel potential mid case

[rayrac] 18/9/2018 17:30

Well, I did say I’d have a snifter...but I haven’t as you can see..no trades today!

But it’s on watch! They could get taken out, they have some very interesting areas of interest. :)

[soulsauce] 18/9/2018 12:30

Rayrac I made a very decent turn from when it returned from suspension to when I sold between 1.55 and 1.7p but I feel now it is a lot more risky.

They are looking to drill offshore in a short space of time but don't have money to even pay the rig tug fees so either they are going to have to do a massive raising or get a partner in with deep pockets.
I am not sure given the vagaries of the 3d and the manner it has been reported that there will be much interest from a 3rd party as there are better prospects.

GL anyway.

[mr hangman] 18/9/2018 12:24

Must be mad

[rayrac] 18/9/2018 12:14

I don’t hold trp, but have in the past. I thought they were a bit quick on the draw when exiting Namibia after the drill failure.

They have some very interesting prospects and I feel certain they will get there sometime soon.

Might have a snifter.:)

[jimarilo] 12/9/2018 23:07

Indeed at some point they will need cash

[dodge city] 12/9/2018 14:28

Placing imminent.

[jimarilo] 10/9/2018 23:17

They are re-applying for PEL10. I have noticed on a few recent presentations describing new comers to Namibia including Repsol and thought it old news, but are they coming back ?

PEL10 is next door to GBP PEL29, both are hugely prospective

Peter Taylor holds 4% TRP and 20%GBP

I am sure a deal is about to be closed ahead of the C1 results at GBP, something might be in the pipe here as well

[oilslick93] 10/9/2018 19:44

It is a Jeremy Asher business, after all.

[ian 50] 10/9/2018 17:30

A WORTHLESS PUNT

ITS A TOTAL LOOOSER

DONT WASTE YR MONEY

DOOOOMED FROM THE BEGINNING

EVEN IF THERES RUMOURS

[trulyscrumptious] 06/9/2018 16:52

lardner23. No, paint doesn't take this long to dry!

[jimarilo] 06/9/2018 16:49

I thought the presentation was to be put on the website ?

[lardner 23] 30/8/2018 09:02

It's like watching paint dry.

[jimarilo] 20/8/2018 07:54

oh dear, not the most convincing rns you will ever see

[mr hangman] 17/8/2018 11:21

Totaly agree Jimarilo, and you have not factored in the management team & their
10+ years of failed results, still appeals to some

[jimarilo] 17/8/2018 11:04

Looking at the estimated numbers in Cameroon they didn't look like they had the potential to be very exciting in any case

GBP have a CPR with 3.66bln barrels mid case potential, trading at cash £4m

If they get their farmout deal ahead of Cormorant spud/results, it will be at a multiple of the current m/cap

I just don't see the fascination here

[judijudi] 13/8/2018 11:54

Must fancy a holiday to SA
Hope he travels 2nd class as I presume it will all be at TRP's expense
In my humble opinion

[jimarilo] 13/8/2018 08:40

Jeremy Asher will be presenting at the Africa Oil Week in November

[judijudi] 10/8/2018 21:07

“I don’t hold”
Funny
:)
:)