Tower Resources Share Discussion Threads

[judijudi] 19/9/2019 19:33

At running a company with hard earned peoples money, JA is as useless as a piece of Shyte
That’s the very best I can say without risking a Libel case
imho

[jotoha2] 19/9/2019 19:21

The poor soul liked to blame other people for the companies lack of progress , clearly the problem lies with him and other Board members , Chairman / CEO is also very strange with a PLC .

[ohisay] 19/9/2019 05:04

Its all rather deja vu.

[bebehuge] 17/9/2019 18:20

The pilot left the plane???

[jotoha2] 17/9/2019 15:29

So now we have the house broker selling down , come on Jeremy sort out this little mess of yours , or sell up , am sure there will be takers , at a price.

[mr hangman] 17/9/2019 14:10

I feel sorry for the "investors" who have taken part in the placings over the years

[jotoha2] 17/9/2019 14:04

Is Archer for real , he needs funding , is happy to lend the company money but wants it back just in case he fails , no sensible lender will let him have more cash on that basis , if he beliefs there is gas/oil in place then put some skin in the game , or farm out the asset and settle for a minority stake , easy.

[encarter] 17/9/2019 11:05

Loan is secured against assets if I recall correctly. Dangerous for shareholders.

[jotoha2] 17/9/2019 10:17

Jeremy , convert the loan to stock and you will find the lenders a lot more willing to help , you are showing no commitment to this drill , it's the only way with your track record.

[mr hangman] 17/9/2019 10:07

Anyone seen Purple about ?

[mr hangman] 17/9/2019 10:06

LOL, the only diffrence is Larry has still got Brazil to play

[jotoha2] 16/9/2019 18:13

Come on Jeremy give Larry a call at Char , he has cash , and a record which is similar to yours in finding oil , match made in heaven .

[jotoha2] 16/9/2019 17:53

Last week the Newtons dumped around 9 million shares , now holding 6% , looking at their other holdings it appears that luck has not been on their side , down on most .
Lets hope Jeremy comes good for them here .

[burtond1] 16/9/2019 09:22

https://total-market-solutions.com/2019/09/16/oil-capital-conference/Investor @Robin25461631 attended the Oil Capital Conference last week & gives his view on #TRIN #TRP #IOG #TETY #SENX #BPC who attended.@AndrewScottTV & @proactive_UK also filmed the presentationsA fee was donated to @olivercurdtrust for this article

[jotoha2] 15/9/2019 21:35

Come on Jeremy , this coming week is your opportunity to raise some interest here , now or never !

[jimarilo] 14/9/2019 16:47

There is plenty written about that well (Welwitschia-1) and the disaster it was from before the drill bit even turned

The rig was well over due, it was the rigs first well as it was a brand new rig. They had to move offsite to re-spud as the initial start to the well went wrong. They then had trouble with the BOP. The well was drilled at peak day rates and over run, costing $110m

However the deeper target was not reached which is where the Gemsbok prospect is next door in GBP's PEL29. Apparently at the time, a further $40m was required to reach that target and TRP were already over stretched, so it didn't happen

Since the Brulpadda discovery in S/Africa there has been a new concept and confirmation that the Albian/Aptian source rock runs from SA to Angola and previous wells did not reach/penetrate this target

Welwitschia-1 well was drilling into the Delta 12Bln barrel prospect which was in a block, part of the old PEL10. That block is now PEL94 and been taken over by GBP, which is in between their PEL 29 and Eco's PEL30.

What ever you think of JA, you also got to think the partners were Repsol and they thought it real enough. That was 2014 and since then more data is available and the Majors are queuing up

You pays your money and all that jazz....

[0ili0] 14/9/2019 13:26

Cash - apparently he didn't want to talk about "Glowing in the dark" Namibia lol. He has introduced appalling Corporate Governance, doing the Chair and CEO jobs. He has no oilfield experience anyway! All just a vanity project - or a fantasy, like Tobsha's porn novels? 50 shades of value destruction lol

[encarter] 13/9/2019 15:25

D&M taking a hit. Still a chunk to offload too.

[robo21] 13/9/2019 14:45

Surprised to see such a well run company down another 8%
Hahaha

[trulyscrumptious] 13/9/2019 12:40

No point in reading the presentation fully until they have cash or a partner. A cursory glance and this sentence in orange type caught my eye,

Farm-out process underway...


Can they???

[cashandcard] 13/9/2019 12:14

Can they ride out long enough for one more bout of drilling in Namibia by majors?


Cash

[0ili0] 13/9/2019 09:26

hxxps://www.towerresources.co.uk/wp-content/uploads/2019/09/TRP-Corporate-Presentation-12-September-2019.pdf

Phase 1 development with 3 further wells in 2019/20 to deliver 8,000 bbls/day production in 2020

...all on fresh air?

[jotoha2] 12/9/2019 14:45

Looks like the conference has really been taken well , down another 5% whatever next .

[0ili0] 11/9/2019 14:00

Maybe they could use that to drill? Lol