Tower Resources Share Discussion Threads

[jotoha2] 07/10/2019 13:31

Jeremy is very happy to allow farmin for Namibia , so would most companies of this size with very little financial clout , not sure what the back costs are here , but most likely around £4/5 million , so he will probably take that plus a 20% free carry , or a 5% royalty payment , win win if it comes good , share price of around 3-5p should reflect a result .

[jimarilo] 07/10/2019 12:29

Both Namibia and S/Africa are hot postcodes currently, why would a Major bother dealing with a micro cap ? It would be easier to take them out. Same could be said for GBP imo

[2solaris] 07/10/2019 11:32

He may be edging towards only taking a very small % of the profits from a major as far as Namibia is concerned. That would make sense. Whoever the major is they have approached Tower and hold the upper hand.
Updates on Cameroon in the pipeline.
Active farm out in S Africa.

I think Peel Hunt had wind of this some time ago.

[jotoha2] 07/10/2019 11:19

Peel Hunt feeding the demand , am surprised if it's going to get funding shortly!

[2solaris] 07/10/2019 11:13

He is confident of getting a farm in partner.

'Can do it on a shoestring but need the shoestring.'

[2solaris] 07/10/2019 10:58

'Major oil firm' expresses interest in Tower Resources' Namibian assets.'



'Tower Resources explains ‘why’ a ‘major oil company’ is interested in Namibian blocks.'

[2solaris] 07/10/2019 10:52

Very quiet today. Here's a post from LSE board.



Trying to make sense of what happened last week.

It all seemed very orchestrated, with an RNS and then JA being interviewed on the same day on both

IG TV:
and
Proactive: hxxps://youtu.be/ldzsLPZIvtM

Surely those interviews must have been arranged weeks ago?

In both he says they have been approached by a major (what is the early stage of an approach - an offer?) regarding Namibia and they need to raise funds for the Cameroon operation.

Was he hoping that this RNS alone would vastly increase the share price, or could it be TRP was just priming the market this week with the RNS about a major's interest in Nambia, knowing the farmin is about to be done?

A further farmin RNS next week would then definitely put a rocket up TRP and allow them to do a placing to fund Cameroon.

Any thoughts?

[robo21] 04/10/2019 15:04

It�s still glowing then !!!

[trulyscrumptious] 04/10/2019 13:51

I hope you bought some hangman, this is number one on ADVN's riser list, now who would have guessed that apart from me?

[2solaris] 04/10/2019 13:49

Seriously, if the major gives the thumbs up this will really fly.

[2solaris] 04/10/2019 13:47

Crikey Rodderz, 'We're rich!'

[jimarilo] 04/10/2019 13:44

GBP are also in talks with counter parties regarding farm out talks with two blocks adjacent to TRP and ECO

Namibia is obviously receiving much interest currently

[trulyscrumptious] 04/10/2019 11:21

Are you trying to say something without saying it?
However you look at it, it seems to me that there is a major interested in Tower's Namibia blocks and if so this will multi-bag overnight. If not, not far to fall so it surely has to be worth taking a few of these. As they say, you have to be in it to win it. I have added.

[0ili0] 04/10/2019 09:21

Mr Asher served as a director of Better Place LLC and its subsidiaries, from
February 2008, and remains a director of two subsidiaries, having resigned from Better Place in
2010. Better Place is an electric car venture which has raised over US$850 million from investors
since its formation. In May 2013, the Better Place group of companies collapsed with the loss of
shareholder funds and was placed into a liquidation process. The Company notes that the now
insolvent Better Place declared on its website “Oil isn’t working, if you ask us, the last drop can’t
arrive a minute too soon”

[2solaris] 04/10/2019 09:08

Maybe more than just one deal as well jotoha2.

[jotoha2] 04/10/2019 08:53

I did think this was finished as a prospect , but if we are to belief yesterdays news , then a deal is in the making here , have taken a couple of million for a small punt.

[jimarilo] 04/10/2019 07:53

Yes, you would think he would raise the cash first, then source a rig etc

BPC seem to be following the same method

[rayrac] 04/10/2019 07:36

✈️€086;

[ohisay] 04/10/2019 04:47

Talk about flying by the seat of your pants!

[rayrac] 03/10/2019 15:29

If not, then Asher isn’t gonna make it

Must be on the radar of some larger guys...very interesting blocks.

[rayrac] 03/10/2019 13:53

Come on, 100k shares cost virtually nothing. Must be on the smaller punters radar surely.

I tried a few today...one day it...!

[2solaris] 03/10/2019 11:24

Interesting Jimarilo!
I know a lot of people lost out here last time around but I had quite a few then as well. I went to Vrindavan to see the playground and birthplace (yes, I know he was born in Mathura)of Krishna, checked my TRP shares and they had gone up to around the 7p mark, I think it was in that region anyway. So I sold more than half as I had bought them for around 3p. I sold the remainder at about 3p. Great stay in Delhi as well.
Anyway, I am open-minded and back the underdog so I am not going to slag JA or anyone else off but I do have a handful of shares in TRP now.
Incidentally, I am planning an even more auspicious pilgrimage for 2020!

[jimarilo] 03/10/2019 10:57

The initial talks in the summer coincides with GBP announcing initial talks in the June quarterly results

GBP blocks are adjacent to both ECO & TRP

[jotoha2] 03/10/2019 09:58

One also has to take into account that no viable oil has been found in the area , however lots of gas has been found , but not recovered due to the high cost of getting it onshore .