Tower Resources Share Discussion Threads

[saw89] 04/2/2020 10:18

I like the idea that a Namibia farm-out or JV could be partly used to fund the well in Cameroon as of course that’s a good cash generator on 7000 barrels of oil per day so we’ll worth getting online ASAP for the company. Either way good progress and I can see this rising in anticipation of drill schedule etc.

[saw89] 04/2/2020 10:12

CEO very aligned to shareholders with huge skin in the game at this price... so very good reward potential at a piddly £3m Mcap. Many other O&G plays trading multiples higher than TRP with less exciting prospects.

[mr hangman] 04/2/2020 09:22

Don't worry, 2 rabbits are coming out the hat later in the year, just forget about
this Cameroon nonsence

[schachmeister] 04/2/2020 08:54

No farm out news ? Just another vague delaying rns to buy some more time to consider their options,of which, there don't appear to be many.

JA needs to pull a rabbit out of the hat !

[jimarilo] 04/2/2020 08:34

Both Shell and Exxon are acquiring assets in Namibia

The Most Exciting Oil Plays Of 2020

Namibia is one of the most oil-friendly up-and-coming oil venues in the frontier of Africa. Ask Shell, or Exxon, both of whom are acquiring assets there.

[jimarilo] 04/2/2020 08:19

Is possible they are looking at raising cash from Namibia, as it seems the heat is being turned up there

GH of Eco yesterday, looking a bit sheepish (Guyana related ;-) However 11.15 mins in Namibia

[krowelet] 04/2/2020 08:12

Lack of any news on funding is the problem here, looks like they are going ahead with the survey anyway,shows some confidence at least imo.

[farnham] 04/2/2020 07:07

All on track End of feb schedule

[oilmanmike] 03/2/2020 22:36

thing is Hangman the 18m bbls is enough for a £25m market cap compared with current £5m
So 5 bags with not a lot of risk as GCOS is 90%. With a cash flow producing asset any
dilution for Namibia drilling will be minimised and so we retain more of the Elephants you like. Beside Namibia will be a while yet IMO.
Meantime the survey is running here.

[soulsauce] 03/2/2020 09:51

Well it's changed a bit but there was still money to be made when you were calling the likes of me stupid for investing in it at the time.

Anyway good luck, I may even join in again at some stage.

[mr hangman] 03/2/2020 09:47

The games changed some what with Exxon & other majors presence in Namibia,Total drilling the deepest well ever in Africa (in Namibia), then they move on for 2
drills next to Towers licence in S Africa...
As for the 18Mln Barrels in that exploration hot spot Cameroon, frankly it's quite
embracing that Asher has got a high impact/High reward company like Tower involved
with this, but ha ho, it might attract a few North Sea muppets in, they enjoy buying
into companies going for a thimble full of oil.

[soulsauce] 03/2/2020 09:30

You've changed your tune mr hangman. I remember you calling those who made money after this relisted between 0.8p and 1.6p idiots.

I guess you hold shares now lol.

[mr hangman] 03/2/2020 09:20

18mln Barrels, what a waste of time. I'm in here for Namibia, S Africa

[oilmanmike] 01/2/2020 21:48

SMeister ship has sailed and so the journey begins!
Don't hang around too long and don't pretend to be
a potential investor when you are trading this.

[schachmeister] 31/1/2020 18:58

You have to admit Mike this survey ship fiasco is another attempt to draw out the process and buy some time to plan their next move ? I appreciate there is little Tower can do,they're stuck between a rock and a hard place as it would be extremely difficult to raise the capital themselves with a 3mln mkt cp and its clearly not easy to get a farm in partner for 18mln barrels.

If the farm in partner was ready to sign then this ship would have done the survey weeks ago, my guess is that Tower haven't yet secured a F/O so don't want the survey to be done and then have to rns that the survey is done but they do not have any realistic options to move the project forward.So they have no choice but to play for time as they have done in the previous years.

They may still be negotiating, so it could still happen but it isn't in the timeframe JA told investors in his videos so its only to be expected that this will drift lower as interest wanes.

I have money to invest here but I need to see some progress,all I see at the moment is more time wasting !

[judijudi] 31/1/2020 13:07

OMM
That’s good
You have a nice weekend

[oilmanmike] 31/1/2020 12:17

Judi Judi Judi.
You should know by
now the game that
AimShares is playing.
Don't come the innocent darling
with the flowery language you chose
in your penultimate post.

[judijudi] 30/1/2020 21:32

I REST MY CASE


AimShares30 Jan '20 - 10:23 - 25928 of 25933
0 1 0
Grow up judi
Not a pump and dump , a lot News expected for trp hence the rise the last couple of weeks,Cameroon,South Africa ,Namibia News expected , The problem is people are getting fed up waiting for the drill rig going to the survey site, it has been in Cameroon for months now and not set sail for drill site yet. I personally think a placing is coming .Trp have very limited funds left most of the money spent on site survey and prep work for Cameroon.If it is placing let’s get it out of the way ,so they can get Cameroon going and hopefully news from South African and Namibia will come .

[oilmanmike] 30/1/2020 20:57

the very very poor is IMHO
The post starts with the statement
"Oh dear another placing at under 0.5 🤷‍a94;️🤷‍♂ᥧ9;"
scaremongering IMHO

[oilmanmike] 30/1/2020 16:57

Judi talking cr.. again.
Nothing to support your
suggestion which as it is
posted as a statement is
against posting rules Imo.