Tower Resources Share Discussion Threads

[bmwman3] 12/1/2020 15:23

As I said on the LSE board! You are on the wrong board Jim you want the GBP board!

[jfreshfield] 12/1/2020 15:09

Hi Jim. The play clearly is TRP and this board is clearly TRP. No one cares about GBP who have done nothing for so long.

[jimarilo] 12/1/2020 14:41

soulsauce10 Jan '20 - 18:15 - 25666 of 25688
0 1 0
thatsmart1 check your maths, there are 1.1bn shares in issue

And near 1Bln shares more than GBP

GBP have over 4Bln barrels in prospects, in two blocks in Namibia. Substantially more than TRP, who's prospects are spread over 4 different countries, increasing expenses considerably...just saying ;-))

[schachmeister] 12/1/2020 14:11

This is primed and ready to blow, if your not in 'before' news lands, then you will have to pay 100%+ premium to get in !..Its that simple !
Not only will you have to pay the premium but you will struggle to buy in size and will have to pay more and more for each small tranche as the share price goes orbital.

The smart money is loading up now 'before'this goes Ballistic,we all know these tiny micro-oilies go Ballistic on any positive news and all the criteria has been met here ready for the launch which will come when news lands!

In the meantime,expect the steady rise to continue as speculators join the ride before the fuse is lit on news, and it could be news on more than one project !

Tower could be the best multi-bagger of 2020 for those who arrive early !

[trulyscrumptious] 12/1/2020 12:30

Yes, I think JA deserves some success as he has put a lot into this and let's face it he has some awesome African prospects far away from the turmoils of the middle east.

[saw89] 12/1/2020 12:30

Fair value at the moment is 1.5-2

[saw89] 12/1/2020 12:29

This has real potential to be the stock of 2020 imo

[jimarilo] 12/1/2020 11:02

TS, Totals PEL 56 is in the Orange basin and on the S/African boarder. Then you have the Luderitz Basin and then to North TRP & GBP have adjacent licences in the North of the region in the Walvis Basin. So not close but in the same region which is vast

Venus 1 well will be targeting 2Bln barrels and will prove Totals new concept, since their Brulpadda discovery last year and are currently drilling in Angola, notable for being the deepest water exploration well ever at over 3,600 meters, testing the same concept, with the same rig that will drill Venus 1. A discovery here will open up the region

GBP are sitting on over 4Bln barrels and could be key here with directors in both camps. Exxon have not yet completely cornered the market in the North yet, but look very likely to do so

[trulyscrumptious] 12/1/2020 10:10

Hi hangman, good to see you as well.
I bought in a few months ago and have topped up a couple of times and at last there seems to be light at the end of the tunnel. Wouldn't it it be amazing if they do succeed, I wouldn't want to be out at that stage.
Fingers crossed the 'major' is going to come out of the closet this month. My bet is Exxon!

[mr hangman] 12/1/2020 09:56

Hi TS nice to see you back here, I think the torch paper has been lit here

[trulyscrumptious] 12/1/2020 09:29

Not sure JA would be looking to sell out just yet, a success at Total's Venus well will put this share price through the roof so there is a lot more in the tank. Let's not forget Venus is a multi billion barrel play, that' not big, it's not huge - it's humungus! And it's not far from Tower's blocks 1910A, 1911 & 1912B.


"If I were to pick two explorers as being the ones to watch anywhere in the world right now, they would be Total and ExxonMobil. They are both companies with significant footprints in the Namibian offshore," says Andrew Latham, an exploration research analyst at Wood Mackenzie.

www.petroleum-economist.com/articles/upstream/exploration-production/2019/qp-farm-in-throws-spotlight-on-namibian-potential

[thatsmart1] 12/1/2020 08:58

Interesting posts from GBP board, here's one from emptyend:

emptyend 10 Jan '20 - 12:17 - 7361 of 7373
0 2 0
......because, if TRP are getting close to closing a farmout on their Namibian acreage, the blocks immediately south and west of theirs are.....err.....ours.

And then there is the possibility that, instead of being interested in Tower's Namibian blocks, they (Exxon?) were merely filling in the gap between the Exxon blocks and ours.

Either way, Exxon (or any other major) could take out both TRP and GBP in a heartbeat if they were so inclined (which, usually, they wouldn't be......but at these prices??).

[jotoha2] 12/1/2020 08:48

Majority will be happy with 2.5 p , come on Jeremy you are running late with the news.

[jfreshfield] 11/1/2020 22:03

At least if you are going to copy my posts word for word then at least have the commondecency to credit me for the material. Thanks No problem OMM

[jfreshfield] 11/1/2020 17:12

4.5p price target per earlier post. 9x from here

[jfreshfield] 11/1/2020 17:12

Following on from the Envoi flyer sheet for Tower's Thali licence I took a look at the flyerfor South Africa which was a bit of eye opener.Whereas previously I had assumed the 360m bbl prospect Asher refers to when talking about South Africa was an oil in place number I have released it is actually a P50 mean recoverable number. This is a bit of a game changer for me.Together with our JV 50/50 partners New Age we are offering a percentage in exchange fora 3d survey programme which will cost between $5m and $7m. That is Just one large targetin the Slope 'post rift' play. (see diagram in link). There are also numerous shallow waterleads in the Gamtoos and Algoa basins. All in all recoverable oil in the licence could be as muchas 200m bbl for our 50% share. Obviously we need to farm out to get the 3d survey completedbut I Imagine we would retain 35% going forward in order to farm out again for the 1st drill.Tower should end up with 20% of the 364M bbl recoverable so 73M bbl net with another 15m oddpossible on the smaller leads..Using the $7m for 30% of the block values TRP's remaining 35% at £6.2m on a farm out deal.Thats 0.56p a share which is v close to the increased share price after Fridays trading. It certainly does look like some kind of SA farmout deal is about to be announced. So v good news on the way here IMO.The numbers on the Cameroon farmout and appraisal drill success are:51% of $118m = £46.2m or 4.2p a share. Being conservative and valuingthe 9m Bbl proven reserves at $4 a bbl gives 2.5p a share.Namibia is more of a guess and although the potential is much bigger it is thelongest term of all our assets. A conservative estimate would be 1bn bbl recoverableand assuming we have to Farm down to 50% to get a 3d survey funded and 20% forthe first drill thats still 20% of 1bn bbl. Even at just $1 per bbl pre drill thats $200m.At 1/10 th of the price i.e. $0.1 it is £15.4m or 1.4p a share.Adding it all up the total is 4.46p a shareThis is an extremely undervalued company and the slightest spark and itwill light up for all to see. Friday was just a glimpse of the way this is going.http://envoi.co.uk/wp-content/uploads/2019/11/P253-NewAge-SouthAfrica-AlgoaGamtoosOuteniqua-Envoi-Project-Update-Nov-2019.pdf

[imjustdandy] 11/1/2020 14:24

Super Summary Freshfield.

[jfreshfield] 11/1/2020 11:27

Yes absolutely. It's a slam dunk drill so any farmout will mean huge huge value accretion here notwithstanding news on SA and Namibia both Q1 events I would hazard

[thatsmart1] 11/1/2020 11:11

I got the Cameroon CoS wrong, I said 80%, it is actually 90%! Apologies, and for my sins I will be buying more first thing on Monday morning.

I wonder who the major is...

[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