Tower Resources Share Discussion Threads

[jimarilo] 27/2/2019 17:25

Hi HM, I see your point and you have to go with your gut and research For me ducks are being lined up with regards to Namibia, but don't take my word for that As you know the thing with exploration, as Asher keeps saying, every well sunk provides extremely valuable data, to help understand the nature of the play In 2014 there were probably only about 14 wells drilled in the whole of Namibia and only a further two since Exxon, Total and Shell are next up this year with four wells. A discovery will certainly boost any Namibian licence holder for sure Currently in the Walvis basin they are chasing migrated oil from Cormorant, which is looking to be squeezed towards PEL30 and more so PEL94 & PEL29(GBP). Beyond these blocks are TRP's newly acquired licences TRP's interests in Cameroon are already sitting on a discovery and sat beside one in S/Africa

[purple11] 27/2/2019 09:09

spinning stories from a 5m cap is where its at. im taking another million if I can get them for 1p. monster riser. 5p

[mr hangman] 27/2/2019 09:04

Jimarlo, How much you making out of GBP ? must be quite a bit after a year of ramping, Just putting the point across, the management team at Tower have never had a hit Uganda,Nambia,Kenya & counting, the only thing they seem good at is spinning stories, & raising money

[encarter] 26/2/2019 12:41

Nar pointless looking back. New chapter init.

[mr hangman] 26/2/2019 12:13

Best you look back on the "glowing in the dark" Nambian well & how much that cost to drill..

[encarter] 26/2/2019 12:09

I wouldn't call £2m no money.

[mr hangman] 26/2/2019 09:10

err, the BOD have never hit a bean, the Company has no money...

[jimarilo] 26/2/2019 00:55

Nice turn around, Cameroon is already a discovery S/Africa has a high cos % and they have Namibia with 4 wells to be drilled this year by supermajors Whats not to like ?

[2solaris] 25/2/2019 13:31

Only 31 views on the YouTube video so not much interest at the moment. Here's the link once again as it is well worth taking the time to watch. https://www.youtube.com/watch?v=lChdIaiBBNY&feature=youtu.be

[trulyscrumptious] 25/2/2019 10:03

It seems he has booked the rig so he must be confident!

[tim000] 25/2/2019 09:46

They don't yet have finance in place for the well in Q2. I'm guessing they might farm out a share of the interests in the well, maybe to New Age? I'm fairly confident that Jeremy Asher will find the money on reasonable terms.

[encarter] 25/2/2019 09:23

Massive upside, IF they can get the financing. Asher sounds confident he can do it and so am I.

[purple11] 23/2/2019 08:33

all aboard.

[trulyscrumptious] 23/2/2019 08:29

That's my take on it as well. On the previous video he did emphasise he was a finance man which is interesting and explains how he has kept this show on the road. He sounds very confident that they will be drilling appraisals and producers, very different from the Tower of old. A part of me is sceptical but I have bought in as this will rocket if what he says is true. A top up on Monday is in order! The rig is booked for Q2 and, 'first oil by the end of 2019.' Can they raise the funds? He seems to think so and calls it the elephant in the room and says that is what they are working on now.

[farnham] 23/2/2019 08:11

Yes it works thanks So he's saying our Mcap of 6m should be nearer £70m and when extra depth drilled nearer £150mHe says the reason it's not is because the market is worried about finance raising which he hopes will not be placing But with proven reserves of 18m ,to increase to double this ,barrels and production close financials are not an issue He also says there is no geological risk to the market cap being 10 times where it is now He says the upside for investors is enormous We still have other assets too Is this an accurate summary ?

[trulyscrumptious] 23/2/2019 08:03

Thanks for the link, happy weekend.

[encarter] 23/2/2019 07:44

Does that work?

[encarter] 23/2/2019 07:42

https://youtu.be/lChdIaiBBNY

[trulyscrumptious] 22/2/2019 22:04

Every video has a specific link. I can't find any new one or are you referring to the old one of three weeks ago, 'Chairman Jeremy Asher presents to investors at Oil Capital'. https://www.youtube.com/watch?v=xI8udOF_Ka8

[encarter] 22/2/2019 20:26

www.youtube.com

[encarter] 22/2/2019 17:24

New presentation on YouTube.

[pre] 22/2/2019 13:33

from LSE thread courtesy of Bear666: Bear666 Posts: 263 Opinion: No Opinion Price: 1.05 JustThu 15:35looked and seems Tower was £14 five years ago? Obviously it`s fallen to 1p? 20p three years ago... Time to rise again I think :-)

[encarter] 21/2/2019 16:38

Cameroon looks like a sure thing from the available research.