Tower Resources Share Discussion Threads

[jfreshfield] 13/1/2020 17:55

Sorry you are correct 4p is probably about right then I think

[fromthesidelines] 13/1/2020 17:53

jfresh. dont forget that theres 1.1 billion shares so 5p will be in the region of 50 mill. still not unreasonable though ;-)

[thatsmart1] 13/1/2020 17:27

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



Includes 'substantial' farm out discussions at Cameroon.

[thatsmart1] 13/1/2020 17:25

Feb 2019:

Tower Resources
Just a quick word on Tower Resources after much discussion last week about the ‘significant gas condensate’ Brulpadda discovery made last week by Total offshore South Africa. The discover potentially opens up a new world class gas and oil play according to Tower Resources who are in the adjacent Algoa-Gamtoos licence. Along with partners New Age they were planning to farm-down a stake in the block, a job that suddenly got a bit easier. With Total wanting to drill a number of wells in the area the prospects for Tower may be worth taking a look at again.

Oct 2019:

I can think of few people who have continued to back a well campaign so personally and many that would have fallen at hurdles well short of this distance and Thali deserves to be drilled at least and give Jeremy some bang for his personal bucks. With the possibility of albeit at an early stage, major investor in Namibia things are looking up for him.

And for those who still haven't seen the Africa interview Nov 2019:




Camaroon deal needs to be finalised in January.

[jotoha2] 13/1/2020 17:10

Very solid day , Jeremy needs to put out some news to keep this move going !

[jfreshfield] 13/1/2020 17:05

What happens if Cameroon and Namibia come in this month? 5p a share is only £30m market cap and that is still peanuts!!!

[thatsmart1] 13/1/2020 17:04

#1 on the ADVFN gainers board!
However big this rise we haven't even got back to the price this was year ago. It almost needs to double from here to get back to that.

[wrtmf] 13/1/2020 17:03

my isa acc showing bid at 0.75

[sanilav] 13/1/2020 16:51

Has Moneymunch joined the party under another name,we seem to have a new repetitive cut and paste merchant on board.!!!!

[jfreshfield] 13/1/2020 16:45

Back to the fundamentals
Exxon circling TRP blocks and it was a super major that started talks regarding farm out with TRP
30 Nov 2019 10:03
Exxon blocks and TRP blocks
hxxps://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
hxxps://youtu.be/aEbUs8T_0RA
Envoy working on Farmout for TRP for Africa and Cameroon .
28 Nov 2019 18:26
South Africa and Cameroon FarmOut flyers
New Age the 50/50 partner with tower resources sold Marine XII Licence to LUKOIL for USD 800 mill
Cash rich
hxxp://envoi.co.uk/wp-content/uploads/2019/11/P253-NewAge-SouthAfrica-AlgoaGamtoosOuteniqua-Envoi-Project-Update-Nov-2019.pdf
hxxp://envoi.co.uk/wp-content/uploads/2019/11/P257TowerCameroonENVOI-IntroFlyer.pdf
Major Oil Companies Believe Namibia is Africa's Next Oil Hot Spot
12 Dec 2019 19:48
hxxps://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.))
hxxps://www.linkedin.com/posts/envoi-limited_southafrica-oilandgas-farmout-activity-6603572633944551424-e14W
Assessment of Undiscovered Oil and Gas Resources of the South African Coastal Province, Africa
16 Dec 2019 17:52
The 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
hxxps://pubs.usgs.gov/dds/dds-069/dds-069-gg/REPORTS/69_GG_CH_9.pdf
The 5 Hottest African Venues for Major Discovery Upside
Namibia is on the number 1 spot
hxxps://oilprice.com/Energy/Crude-Oil/The-No1-Oil-Hotspot-For-2020.amp.html
In 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

[jfreshfield] 13/1/2020 16:44

0.77 close. day high. should gap up tomorrow and keep on going. will post research so you can all familiarise yourselves with the opportunity.

[intheknow69] 13/1/2020 16:40

Daves gone quiet. Suppose it’s another pump and dump, just like all the stocks he doesn’t buy LOL

[thedickster] 13/1/2020 16:26

Yep, 12 times upwards of 10 day ave daily vols. Stonking.

[aimshares] 13/1/2020 16:23

The volume has been intense

[thedickster] 13/1/2020 16:22

Healthy finish in sight. Burst for the tape.

[jfreshfield] 13/1/2020 16:21

Highs being paid bullish for tomorrow

[bmwman3] 13/1/2020 16:20

Whoosh nice ending coming to today

[jfreshfield] 13/1/2020 15:07

Oh yes just one of three potentially game changing bits of news due

[emptyend] 13/1/2020 15:07

....mmmm....that was certainly the suggestion late last year.....

[jimarilo] 13/1/2020 15:00

Indeed crazy volume, cannot be denied

[thatsmart1] 13/1/2020 14:54

Jeremy Asher said this.

[jfreshfield] 13/1/2020 14:53

What's your source?

[thatsmart1] 13/1/2020 14:49

emptyend. For one thing they are in talks with an oil major which should be concluding any day now.

[jfreshfield] 13/1/2020 14:38

False drop. Off we go again