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[jfreshfield] 07/1/2020 11:48

I think it might be quicker - working back from September presentation and factoring in current delay

[mr hangman] 07/1/2020 11:07

First oil 2021

[jfreshfield] 07/1/2020 10:48

Excited for what this quarter and indeed year could bring. Cameroon farm out and drilling schedule SA farm out and drilling ScheduleNamibia wildcard farm out First cashflows New assets

[imjustdandy] 07/1/2020 08:29

We will see 1p this week , that I'm sure of.

[2solaris] 07/1/2020 07:54

Are you changing your tune now mr hangman? If so, I don't blame you.

[imjustdandy] 06/1/2020 20:25

Gaining momentum now. 3p very possible on next news.

[jfreshfield] 06/1/2020 16:30

What we do know is there was a major major find next to our block in SA and that Exxon are incredibly active near us in Namibia. Join the dots

[mr hangman] 06/1/2020 16:27

South Africa farmout = 1p to 1.75p err try 5p at least...

[jfreshfield] 06/1/2020 16:15

I think you're right. Not forgetting Cameroon is a proven oil field and COS 80pc. This should be around 15p leading up to that drill

[aimshares] 06/1/2020 15:54

Post from lse regarding price predictions RE- Farm-out price estimates12 Dec 2019 17:45These are just my short term predictions on individual sets of news for each Farm - Out Cameroon farmout = 0.75p to 1.00pSouth Africa farmout = 1p to 1.75pNamibia farmout 1.50p to 3.50p But if all 3 get a farm out ,that's not even including Cameroon producing oil.Your looking at - Low = 3.50pHigh = 7.00pThen your have the drills to come after the farm-out then you looking at a very different high price range

[mr hangman] 06/1/2020 15:51

Certainly not to late to buy back in

[purple11] 06/1/2020 15:49

keep it real please

[mr hangman] 06/1/2020 15:48

i see the Purple pain has sold out for a loss, how bitter can one get

[jfreshfield] 06/1/2020 15:42

and that is just for Cameroon.

we know majors have been asking about Namibia (Exxon perhaps) and SA going through farmout currently where we sit next to a 1bn barrel find. so much upside potential here.

[purple11] 06/1/2020 15:41

5p lol

in your dreams.

more like a 1000-1 dilution or a suspension of trading.

[jfreshfield] 06/1/2020 15:41

think you have to be looking at at least £50m market cap - COS on the drill is 80% so almost guaranteed.

[jotoha2] 06/1/2020 15:38

Depends on the detail , 2/3p will do for starters .

[imjustdandy] 06/1/2020 15:17

Any price targets on successful farm out?

[imjustdandy] 06/1/2020 15:09

Volume picking up here. I had these at 1.1p and have decided to buy back in. The farm out news looks imminent and Asher has £750,000 of personal funds riding on this

[jfreshfield] 06/1/2020 15:03

Farm out is the key. The last operational step before the drill, the survey, is about to commenceany day now. Asher mush have a farm out partner lined up here ,hence hisaggressive positioning with a 27% stake bought with his own cash. Pegasus PetroleumLtd (Asher) have also provided $1m of loan finance to Tower which is secured againstthe 100% owned Thali license.Asher is no stranger to taking on personal risk in his own projects.In 1989, he and a partner acquired the Beta oil refinery in Wilhelmshaven,West Germany, which he developed as one of its managing directorsand subsequently sold.

[jfreshfield] 06/1/2020 13:00

Some renewed interest this week.m and hopefully start of a nice rerate

[jfreshfield] 06/1/2020 09:11

So news soon ?