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TRP Tower Resources Plc

0.0185
-0.001 (-5.13%)
Last Updated: 11:32:54
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tower Resources Plc LSE:TRP London Ordinary Share GB00BZ6D6J81 ORD GBP0.00001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.001 -5.13% 0.0185 0.018 0.019 0.0195 0.0185 0.02 381,826,086 11:32:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -1.01M -0.0001 -2.00 1.69M
Tower Resources Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TRP. The last closing price for Tower Resources was 0.02p. Over the last year, Tower Resources shares have traded in a share price range of 0.0165p to 0.1625p.

Tower Resources currently has 8,443,981,022 shares in issue. The market capitalisation of Tower Resources is £1.69 million. Tower Resources has a price to earnings ratio (PE ratio) of -2.00.

Tower Resources Share Discussion Threads

Showing 25051 to 25074 of 43600 messages
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DateSubjectAuthorDiscuss
08/2/2019
12:48
While you're here take a look at BRD. It should multibag if all goes to plan.
encarter
08/2/2019
12:46
Nope. Could be about to win Cruffs.
encarter
08/2/2019
12:42
Haha same old merchants crop up here !! this old dog with fleas does not die .. GLA
pal44
08/2/2019
12:36
It has to be worth a punt now.
trulyscrumptious
08/2/2019
12:25
Stupid not to be involved, even if just in a small way. Did someone mention £5m mc?! Nearly £6m having checked. Bought a few today...get lucky one day?
rayrac
08/2/2019
10:07
These were trading at +20p a few years back and even much much higher looking at several years ago...its great news imo and paves the way for a farm out in this lucrative basin.
pre
08/2/2019
10:03
I have been following this since Brulpadda was re-entered. Great result for total, their partners and SA. A new province is born. This is the best time to invest in a newly opened frontier - but I am reluctant. Why? My main issues with TRP, is their management track record (failure) but also (perhaps just as important) the fact Algoa-Ghamtoos license only has two small areas (relatively speaking) exposed to the Outeniqua basin. Most of that basin has been snapped up by Total, Exxon and others. In fact, of the 3 basins on their A-G license, Outeniqua has the least exposure. Consider they have only mapped 334mln of prospective resource potential in this new play. They will need to farmdown from their 50% aswell. What will that leave them with? Its very rough seas and expensive wells - $40-50mln a pop. I think there is upside if they can workup further potential in this trend, but I'll await their next move - with this management, even a crucial lifeline can be fritted away.


Cash

cashandcard
08/2/2019
09:39
Still need lots of funding for Cameroon well. See how that plays out first.
soulsauce
08/2/2019
09:37
Defo read across to ECO in terms of market mechanics, discoveries next door on ECO licences just look at shareprice/mcap.
ileeman
08/2/2019
09:35
If they are serious a first step would be a 100 to 1 consolidation.
If not then this is a mere breadcrumb to be swallowed as they run out of cash in a few months time.

davidblack
08/2/2019
09:33
This has the potential to play out like ECO in Guyana, sitting back and letting Exxon do all the exploration, but adding value to the ECO sp

Total are coming back with at least 4 more wells

jimarilo
08/2/2019
09:31
What do you reckon hangman?
trulyscrumptious
08/2/2019
09:29
It’s not completely derisked but it’s a damn sight more attractive on that news. Maybe some stale bulls from the placing to get through but at this mkt cap it’s pretty compelling.
bumpa33
08/2/2019
09:27
Tower Resources plc (TRP.L, TRP LN), the AIM listed oil and gas company with its focus on Africa, notes the announcement dated 7 February 2019 from Total S.A. ("Total") regarding the results of the Brulpadda well, which has reported a significant gas condensate discovery in Block 11B/12B (Total 45% (Operator), Qatar Petroleum 25%, CNR International 20% and Main Street, South African consortium 10%) located in the Outeniqua basin, offshore South Africa.The well was drilled to a total depth of 3,633 metres and encountered 57 metres of net pay in Lower Cretaceous reservoirs, and with this discovery opens a new world class gas and oil play. Total have stated that they believe the new discovery could hold between 500 million to over one billion barrels of oil equivalent and they now intend to drill several further exploration wells on Block 11B/12B to test additional prospects.
davidpines
08/2/2019
09:14
RNS - SOLD BY SCHEME OF ARRANGEMENT🌋Before 8:00am Tuesday 19th FebruaryðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOME ðŸ'–ðŸ'ŸðŸ–¤ðŸ–¤ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–ðŸ'–ðŸ'ŸðŸ'ŸPeel Hunt issued a recent note on the company.#Valuation and recommendation. Following the above tweaks to the production profile and capex, we revise our core NAV to 392p from 387p. We continue to conservatively include no value in our target price for the 239MMbbl gross 2C in Shaikan, worth 34-136p/sh risked-unrisked.Gulf Keystone Petroleum continues to stand out as one of our top sector picks and we reiterate Buy.#They are being super CONSERVATIVE 🌋ðŸ'‹!They use 58% WI when we now know it remains 80%.So their core valuation must be revised by this, 38% higher.The do not place any value on 2C, actually 330m at 80% WI, and even at a very modest $ 2.3 boe this adds further £2 plus.They are only using $3.4 boe for 2P when MOL report $8 and Shamaran higher.So low base-case in my assessment is 470m 2p, 330m 2C (which would in my be treated as effectively 2P when new FDP approved)Working on 800m 2P without adding any value for the MOL recently reported upside and using a stil very modest $10 boe provides $ 8bn asset resource value.This is still very modest in that a land based resource of this size would be strongly fought over by IOC.With 229 million shares, using dollar exchange of 1.29, £ 27 per share would be the minimum I would expect the company’s major owners to accept.It would not be a surprise to me if this number doubled.🎈 pp
gkp_banggone
08/2/2019
09:05
Cnt believe this has gone largely unnoticed
davidpines
08/2/2019
09:05
Bought 1.5mil today, think shareprice deserves a whole lot more than 15% up on that news.

Completely derisked and farmout looks like a sure thing now.

ileeman
08/2/2019
08:47
I expect Total will snap it up.
encarter
08/2/2019
08:28
tuck some away and wait for farm in.theyll certainly get one on that news should be an easy 5 bag or more.just need to lock them in for a while.gl
purple11
08/2/2019
08:19
TRP has been a long term dog no doubt, but that result from Total (500m-1b OE from the same Outeniqua basin) is difficult to ignore.
bumpa33
08/2/2019
08:17
Ye me too. It turned out to be a 100 bagger.
encarter
08/2/2019
08:17
Raw,
Agree

judijudi
08/2/2019
08:13
100 bagger needed to break even with these crooks , I've heard this all before .....
rawv8
08/2/2019
08:08
£5m cap. That news has gone largely under the radar.
bumpa33
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