Tower Resources Share Discussion Threads

[soulsauce] 08/2/2019 09:39

Still need lots of funding for Cameroon well. See how that plays out first.

[ileeman] 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.

[davidblack] 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.

[jimarilo] 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

[trulyscrumptious] 08/2/2019 09:31

What do you reckon hangman?

[bumpa33] 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.

[davidpines] 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.

[gkp_banggone] 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'Ÿhttps://twitter.com/Paul47293202/status/1093438614934093824?s=19ðŸ'ŸðŸ–¤ðŸ–¤https://twitter.com/Paul47293202/status/1093083284391776256?s=19🖤🖤ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–https://twitter.com/Paul47293202/status/1092516772840988678?s=19ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œhttps://twitter.com/Paul47293202/status/1092360697038688256?s=19ðŸ'šThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–https://twitter.com/Paul47293202/status/1088410900061712384?s=19ðŸ'–ðŸ'Ÿhttps://twitter.com/Paul47293202/status/1088364699039748101?s=19ðŸ'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.🎈https://twitter.com/Paul47293202/status/1090234701472772102?s=19🎈 pp

[davidpines] 08/2/2019 09:05

Cnt believe this has gone largely unnoticed

[ileeman] 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.

[encarter] 08/2/2019 08:47

I expect Total will snap it up.

[purple11] 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

[bumpa33] 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.

[encarter] 08/2/2019 08:17

Ye me too. It turned out to be a 100 bagger.

[judijudi] 08/2/2019 08:17

Raw, Agree

[rawv8] 08/2/2019 08:13

100 bagger needed to break even with these crooks , I've heard this all before .....

[bumpa33] 08/2/2019 08:08

£5m cap. That news has gone largely under the radar.

[purple11] 08/2/2019 07:50

is this a 5m cap?

[encarter] 08/2/2019 07:45

Great news this morning, looks like a farm out is on the cards in south Africa. 10 bagger here we come.

[gkp_banggone] 07/2/2019 08:37

🕰ï¸?SALE BY SCHEME OF ARRANGEMENT AT HUGE PREMIUM ANNOUNCED NO LATER FEB 19 ðŸ'ŒYOU CAN TAKE THAT TO THE BANK 😊 AND YOU ARE VERY WELCOME ðŸ'–🖤🖤https://twitter.com/Paul47293202/status/1093083284391776256?s=19🖤🖤ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–https://twitter.com/Paul47293202/status/1092516772840988678?s=19ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'–ðŸ'œhttps://twitter.com/Paul47293202/status/1092360697038688256?s=19ðŸ'šThe more their proxy Citigroup /Pareto have bought in the higher holders profits at t/o:ðŸ'–https://twitter.com/Paul47293202/status/1088410900061712384?s=19ðŸ'–ðŸ'Ÿhttps://twitter.com/Paul47293202/status/1088364699039748101?s=19ðŸ'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.🎈https://twitter.com/Paul47293202/status/1090234701472772102?s=19🎈 xxxxxx

[mr uden] 25/1/2019 09:15

1302SB was the person that set up the GKP shareholder action group. It all went pear shaped for everyone invovled, hasn't it. GKP - The Road To Takeover (Moderated) - GKP 1302SB - 12 Apr 2014 - 20:30:22 - 40789 of 56160 I'm curious why you seem so certain that J Asher will never be allowed to gain control of GKP, what do you see happening to stop that happening ?

[mr uden] 24/1/2019 18:32

Looking great at GKP. I bet Jezza wished he hadn't got sacked. Twice.

[trulyscrumptious] 24/1/2019 16:39

What were the fees if the VAT was £127k, nice little earner!

[encarter] 24/1/2019 14:16

4p by the time they break ground imho.