Tower Resources Share Discussion Threads

[jfreshfield] 11/1/2020 08:25

Weekend reading for newcomers to TRPFri 22:27Exxon circling TRP blocks and it was a super major that started talks regarding farm out with TRP30 Nov 2019 10:03Exxon blocks and TRP blocks https://mobile.offshoreenergytoday.com/nambia-tower-resources-in-talks-with-oil-major-over-potential-cooperation/Namibia farmout was expected by year end 2019 ( so it is due imminently now )As stated by Asher we should get a update regarding Namibia farmout discussions The LSE interview Asher says he hopefully will have a Decision regarding super major Farm out for Namibia by the end of the year ,conversion starts when asked - 5.40 in interview Do you have any idea the discussions with the super major might end - 6.08 in interview - He answers I would like to think where we're going regarding this discussion by the end of the year with in the next 3 months ,- interview was in October https://youtu.be/aEbUs8T_0RAEnvoy working on Farmout for TRP for Africa and Cameroon .28 Nov 2019 18:26South Africa and Cameroon FarmOut flyers New Age the 50/50 partner with tower resources sold Marine XII Licence to LUKOIL for USD 800 millCash rich http://envoi.co.uk/wp-content/uploads/2019/11/P253-NewAge-SouthAfrica-AlgoaGamtoosOuteniqua-Envoi-Project-Update-Nov-2019.pdfhttp://envoi.co.uk/wp-content/uploads/2019/11/P257TowerCameroonENVOI-IntroFlyer.pdfMajor Oil Companies Believe Namibia is Africa's Next Oil Hot Spot12 Dec 2019 19:48https://www.prnewswire.co.uk/news-releases/major-oil-companies-believe-namibia-is-africa-s-next-oil-hot-spot-896198561.html(Quote)((it will be an exciting start to 2020 in the Algoa-Gamtoos permit))(Quote) From ,Senior exploration geologist for New Age 17 Dec 2019 12:51((And with our seismic reprocessing almost complete, it will be an exciting start to 2020 in the Algoa-Gamtoos permit.))https://www.linkedin.com/posts/envoi-limited_southafrica-oilandgas-farmout-activity-6603572633944551424-e14WAssessment of Undiscovered Oil and Gas Resources of the South African Coastal Province, Africa16 Dec 2019 17:52The Algoa and Gamtoos Basins Which New Age and Tower Resources are a 50/50 partner are positioned at the eastern end of a series of en-echelon petroleum basins on the southern margin of South Africa , Page 7 on report below https://pubs.usgs.gov/dds/dds-069/dds-069-gg/REPORTS/69_GG_CH_9.pdfThe 5 Hottest African Venues for Major Discovery UpsideNamibia is on the number 1 spot https://oilprice.com/Energy/Crude-Oil/The-No1-Oil-Hotspot-For-2020.amp.htmlIn coming expected news 1.Site survey for Cameroon 2.Farmout for Cameroon 3. Start of Drill for Cameroon 4.2D reprocessed data for South Africa 5. Farmout for South Africa 6.Farmout for Namibia

[jimarilo] 11/1/2020 01:11

Thanks, I did see that. Change the hxxp to HTTP and the links will work ;-)

[thatsmart1] 10/1/2020 18:38

Jimarilo. That ties in with the Envoi project introduction that was referred to earlier today.
Here's the link:

hxxp://envoi.co.uk/wp-content/uploads/2019/11/P257TowerCameroonENVOI-IntroFlyer.pdf

[thatsmart1] 10/1/2020 18:31

I didn't do any maths, just quoted ADVFN. Maybe you should contact them soulsauce.

[soulsauce] 10/1/2020 18:15

thatsmart1 check your maths, there are 1.1bn shares in issue.

[jimarilo] 10/1/2020 18:07

This link will explain to why there is much excitement currently in S/Africa and Namibia

[wrtmf] 10/1/2020 17:10

i bought in this morning. at one point it looked like i was going to get spiked, but given the volume of buys during the afternoon, i think by 11am monday i might be ok!

[jfreshfield] 10/1/2020 16:11

Close to a 100m day. Phenomenal

[thatsmart1] 10/1/2020 15:10

Here's another link to the Malcy interview last November if anyone missed it.

[mostro] 10/1/2020 15:03

Ditched most of my KEFI ( which is drifting back down ) and got in here @ .535p

[aimshares] 10/1/2020 14:12

Sea off blue buys going in

[razor shark] 10/1/2020 13:54

Bought just over 5 million shares here today.

[jimarilo] 10/1/2020 13:51

80m shares changing hands

[bmwman3] 10/1/2020 12:39

Friday afternoon profit taking going on here imho

[thatsmart1] 10/1/2020 12:27

Market cap only £3.4m at the moment!

[jfreshfield] 10/1/2020 12:25

Too much game changing news due. Cameroon already seeing farmout activity and interest. High COS as not explo. SA we know there is activity there as their partner has stated that early 2020 will see activity. Chairman intimated Namibian active back in October. Huge optionality and upside. Market cap still TINY and any one of these should bag the share.

[saw89] 10/1/2020 12:06

Can see this hitting 1.5+ before farm-out news as the word spreads. News imminent on multiple fronts. Hidden gem.

[smudge104] 10/1/2020 12:02

thatsmart1
Thanks for that, I was doing my research, but bought 903000 shares as a punt, just couldn’t find info on the discovery no wonder as it was in 2008 and on the 20 page of trp news releases on ADVFN, will hold and accumulate on weakness

[thatsmart1] 10/1/2020 11:56

In other words, Tower need to appraise the wells and flow test.

[thatsmart1] 10/1/2020 11:51

smudge104. All this info is at the website. Lots of information there and no one should really be investing without proper research.

'The Thali PSC covers an area of 119.2 km², with water depths ranging from 8 to 48 metres, and lies in the prolific Rio del Rey basin, in the eastern part of the Niger Delta. The Rio del Rey basin has, to date, produced over one billion barrels of oil and has estimated remaining reserves of 1.2 billion boe, primarily within depths of less than 2,000 metres. The Rio del Rey is a sub-basin of the Niger Delta, an area in which over 34.5 billion barrels of oil have been discovered, with 2.5 billion boe attributed to the Cameroonian section. The Thali Block has the potential to hold at least four distinct play systems, including two established plays in which three discovery wells (Rumpi-1, Njonji-1 and Njonji-2) have already been drilled on the Block.'

hxxps://www.towerresources.co.uk/operations/cameroon/

[emptyend] 10/1/2020 11:44

So....,given three possible farmouts, how do you know it is Cameroon that is sparking the price move rather than, say, Namibia? And if it is Namibia, how do you know it is Tower that will farmout rather than another small player in Namibia?Just interested....currently away so haven't followed details.

[saw89] 10/1/2020 11:27

2008.

35 API light crude

[smudge104] 10/1/2020 11:07

When was this discovered

[saw89] 10/1/2020 10:45

By the way Cameroon is an appraisal well for production. Already discovered..