Tower Resources Share Discussion Threads

[encarter] 11/4/2019 16:33

Prince's raspberry beret sold at auction for 1750 dollars so would still be in profit.hTTps://www.altpress.com/news/prince_memorabilia_auction_yellow_cloud_guitar/

[mr hangman] 11/4/2019 13:19

In 5 years time £1000 invested in this, certainly wont by you a Little Red Corvette,
maybe a Raspberry beret if your lucky

[encarter] 09/4/2019 10:57

You're joking right? You can't buy as many as you like at 0.75p. if you have a large sum to invest 1p is the price.

[mr hangman] 09/4/2019 09:46

That sounds a good deal, buy as many shares as you like at over 1p, when one can
buy them in the market for 0.75p, AIM certainly attracts the loonies

[encarter] 09/4/2019 09:42

Any placing won't be below 1p imho. But they can spud with the cash they have and then finance the rest against the asset so may not be a placing.

[mr hangman] 09/4/2019 09:39

Please read my posts from the "glowing in the dark days" my betting most of you
guys where still in nappies

[purple11] 09/4/2019 09:28

sure you did ROFL

[mr hangman] 09/4/2019 09:25

I'm glad i sold these for 7.10p old money, when the next placing comes that will
wipe excisting shareholders out, i may buy somemore

[2solaris] 09/4/2019 08:03

Not sure why hangman is here.

[purple11] 05/4/2019 10:53

once ppl get wind this drill is on this will move v quickly.

[encarter] 05/4/2019 09:49

2m is enough to spud

[purple11] 04/4/2019 16:20

lumped in 850k

[purple11] 04/4/2019 08:14

^^^WALLY ALERT^^^

[mr hangman] 03/4/2019 16:42

lol, yes 2M goes along way in Oil Exploration

[encarter] 03/4/2019 16:40

Aways darkest before the dawn. their 2m cash give them plenty of time.

[mr hangman] 03/4/2019 14:56

purple11 - 28 Mar 2019 - 07:47:02 - 25108 of 25142 TOWER RESOURCES - TRP
watch and learn.

lol, Who's watching and learning

[mr hangman] 03/4/2019 14:54

TIMBEERRRRRR

[rnstranslator] 03/4/2019 14:37

Can someone tell me how they're planning to pay for this well??

[encarter] 03/4/2019 14:15

Alex having just raised cash at 1p I doubt that they will.

[purple11] 03/4/2019 14:09

7 December 2018

Tower Resources plc

Cameroon Drilling Contract for the proposed NJOM-3 well

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM listed oil and gas company with its focus on Africa, is pleased to announce that its wholly owned subsidiary, Tower Resources Cameroon S.A, has signed a contract with Vantage Drilling International ("Vantage") for the Topaz Driller jack-up rig ("Topaz Driller") to provide drilling operations for the NJOM-3 well which is planned for Tower's 100% owned and operated Thali licence, offshore Cameroon, in Q2 2019.

The Topaz Driller is a Baker Marine Pacific Class 375 jack-up, which was recently mobilised to Cameroon by NewAge as operator for the Etinde license for two appraisal wells and is currently employed in Gabon.

As announced on 1 November 2018, the terms of the contract are confidential, however, the economics are consistent with Tower's current drilling cost estimates.

The NJOM-3 well will be targeting gross mean contingent (2C) resources of 18 million barrels across the Njonji-1 and Njonji-2 fault blocks located in the south of the Thali licence with an EMV10 of US$118 million, as identified by the recent Oilfield International Limited ("OIL") Reserves Report announced on the 1 November 2018. Furthermore, the NJOM-3 well is expected to de-risk an additional 20 million barrels of gross mean prospective resources across Njonji South and Njonji South-West.

The objectives of the NJOM-3 well are to test the thickness of reservoirs already identified by NJOM-1 and also to test for other reservoirs which may be present at the new location. It will also provide key flow-rate data for the Njonji reservoirs from a drill stem test ("DST"), which would allow reclassification of contingent resources into 2P reserves as well as providing critical reservoir characterisation data for the potential field development strategy.

Jeremy Asher, Chairman and CEO commented:

"We are very pleased to have secured the Topaz Driller, the same rig which our well management team at Bedrock Drilling used to drill the two recent Etinde wells. We see the NJOM-3 well, in Q2 2019, as just the beginning of our drilling activity on the Thali license, as we explained in our Corporate Presentation of last month. The rig timing remains consistent with that schedule, including its target of first oil by the end of 2019."

[alexios1201] 03/4/2019 13:57

No issue they will adjust the nominal and boom