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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
  -0.015 -4.05% 0.355 0.33 0.38 0.37 0.34 0.37 22,136,482 15:24:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.8 -1.0 - 5

Tower Resources Share Discussion Threads

Showing 25301 to 25323 of 26700 messages
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DateSubjectAuthorDiscuss
16/4/2019
08:19
Nigerians know how to push money from one account to the other magically and like oil. if it happens this could be huge if it doesn't exit the downside is limited .The nominal price of stock is 1p.gl BUY BUY BUY
purple11
16/4/2019
08:18
TRP would of got a better deal at Quckcash or Cash Convertors
mr hangman
16/4/2019
08:15
Like I said, can he can't he, that's the gamble.
encarter
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..investors believe that developments are much less riskier than appraisals....so call it a development.Banks don't lend money for appraisal, as there are no reserves to lend against. Short of a farminee, or a bank lending them $15mm (or some combination) the only option is to raise equity. If it gets to that point who wants to buy $10mm+ worth of shares in a company with a sub £5mm mkt cap in a project that can't be farmed out?
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; Nationale des Hydrocarbures ("SNH"); -- 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.altpress.com/news/prince_memorabilia_auction_yellow_cloud_guitar/
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
11/4/2019
12:10
https://www.youtube.com/watch?v=AqHqepF91us&fbclid=IwAR0Op8X0xlxcQkjObUe5Uraha5-UdQSGOLgzx5D4Nh1SzPGrI46rlxA6dC8
purple11
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
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