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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 | 504,591,939 | 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 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/4/2019 08:06 | They need to raise the cash to start drilling , clearly Asher beliefs its in the bag , lets hope for his sake it is. | jotoha2 | |
16/4/2019 08:05 | Really?The well can't be drilled unless they find the thick end of $15mm..it has to be repaid if they raise money. Dreaming. | rnstranslator | |
16/4/2019 07:58 | If the well comes in the share price will rise and then a placing will be made to pay off the loan. | dodge_city | |
16/4/2019 07:57 | Is Asher really putting his money where his mouth is? It's a $750k loan with $15k fee and $7500 a month in interest plus 90mm warrants at 1p...all secured on the assets of the company. This loan is to keep them in the game until they see if they can farm out.This Well is not a Development well it's at best an appraisal well, this is not yet a development project and won't be until they've appraised the discovery. There are a few companies out there selling appraisal projects as developments..invest | rnstranslator | |
16/4/2019 07:40 | If they raise the money then 5p for sure , if they confirm gas /oil in place then 30/40p will be easy. | jotoha2 | |
16/4/2019 07:17 | Where have you been? Yes they will need to borrow money or farm out or both. But if Asher can pull it off it should be a company maker. If you have confidence in him you should be in. Obviously any cash raised will be at 1p or higher so if you believe he can do it then now is the time to invest imho. If he gets the 4 wells drilled and the oil flow is as expected 20p a share is achievable. | encarter | |
16/4/2019 07:11 | Well you can’t say Asher isn’t putting his money where his mouth is | pinkfoot2 | |
16/4/2019 06:58 | pmsl its a reserved backed loan theyre talking about! 7p | purple11 | |
16/4/2019 06:56 | Even worse carrying high debt ! ! | seismick | |
16/4/2019 06:53 | No dilution. It's a loan. | encarter | |
16/4/2019 06:47 | 90 m shares huge? ROFL? | purple11 | |
16/4/2019 06:28 | dilution huge, not so lol | pembury | |
16/4/2019 06:09 | 4m cap LOL | purple11 | |
16/4/2019 06:07 | Cameroon Update Tower is in the final stages of planning the NJOM3 well, which will be drilled to a total depth of 1,100 metres intersecting at least three reservoir zones already identified by the NJOM1B and NJOM2 discovery wells drilled on the Njonji structure by the previous operator Total. The well is designed to confirm the greater reservoir thicknesses observed on the reprocessed 3D seismic in the up-dip area of the structure and also evaluate additional reservoirs that were not present in the areas where Total's wells are located. The NJOM3 well is designed to supplement Total's well data with a suite of measurement and logging tools and drill stem test ("DST") flows to surface. The Company's intention is then to suspend the well with a view to subsequent completion as one of four initial production wells on the structure, as envisaged in the Reserve Report prepared by Oilfield International Limited ("OIL") on 31 October 2018. This first phase of development envisaged by the Reserve Report, aiming to exploit the 2C contingent resources (Pmean 18 million barrels oil, gross) already identified in the structure, aims to provide significant production to Tower in 2020. Since the Company's last update, the following operational progress has been made: -- The Topaz Driller, the Vantage rig which Tower has contracted to drill the NJOM3 well, is currently expecting to complete operations for its current charterer in Gabon in mid-May, which should make it possible to spud the NJOM3 well in the last week in May 2019; -- The final location of the NJOM3 well has been agreed with Société -- A full drilling team is now in place and operating from the Company's offices in Douala and the AMT logistics base there; -- All long lead items have now been acquired and all services contracted on the basis of a late-May spud date, though this date is still subject to slippage depending on the operations of the current charterer of the Topaz Driller; -- A debris survey and other site preparation work are underway; and -- Anticipated cost of the well remains in previously disclosed ranges of around $10 million dry hole cost and around $14 million including well planning and testing | purple11 | |
16/4/2019 06:06 | Bingo The Company has for several months been discussing a loan facility with a prominent African bank, for the Njonji development of US$15 million which could be extended to US$50 million, and the Company is still hopeful that such a facility may be in place by mid-May. With or without such a facility, the Company has also been holding discussions with several possible partners for the Thali license, which the Company also hopes may be concluded in that time frame. Any one of these options, or a combination of them, could provide the additional funds required to complete the current well. | purple11 | |
11/4/2019 15:33 | Prince's raspberry beret sold at auction for 1750 dollars so would still be in profit.hTTps://www.a | encarter | |
11/4/2019 12:19 | In 5 years time £1000 invested in this, certainly wont by you a Little Red Corvette, maybe a Raspberry beret if your lucky | mr hangman | |
09/4/2019 09:57 | 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. | encarter | |
09/4/2019 08:46 | 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 | mr hangman | |
09/4/2019 08:42 | 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. | encarter | |
09/4/2019 08:39 | Please read my posts from the "glowing in the dark days" my betting most of you guys where still in nappies | mr hangman | |
09/4/2019 08:28 | sure you did ROFL | purple11 |
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