Tower Resources Share Discussion Threads

[oilmanmike] 10/2/2020 12:14

SMeister given that you didn't actually expect anything more that a 'survey finished' RNS I find you post a little baffling. This am's announcement has confirmed the survey
did not throw up any problems with the positioning of the jack up rig over the NJOM-3
appraisal(90%GCOS) wells location. This is a step forward towards the farm out and drill schedule confirmation. I can understand the report will not be out for a week or so but given the very low valuation thats no wait at all IMO. Asher will we working hard now
to cross all he t's and dot the i's. The farmout is a lot closer than people think and as we have seen over the last 2 RNS the price action here is in advance of the news.
Best strategy here if you are not trading is to buy any hold. Of course traders can make
50% on the day but they will miss the prior 50%.

[jfreshfield] 10/2/2020 09:01

Yup. More waiting here

[schachmeister] 10/2/2020 08:05

That's not news, everyone knew the short survey would end....More waiting,where's the farm out ?

[thedickster] 07/2/2020 15:54

Bid and offer so the tightest in memory. Bodes well.

[jimarilo] 07/2/2020 15:38

Limbo....lol

[oilmanmike] 07/2/2020 15:16

Asher won't place at this price
At 1.2p he may to get Cameroon started
still plenty to play for here Jim.
Obviously GBP do not need a placing
at the moment cos they are stuck in Limbo

[jimarilo] 07/2/2020 15:13

Your right, it could be Cameroon related, if it goes much higher expect a placing

[oilmanmike] 07/2/2020 14:12

Jim it obviously Cameroon related for TRP this morning since GBP are going nowhere today.
I agree news on Namibia would be brilliant for both, it's just it doesn't seem to be happening now.

[jimarilo] 07/2/2020 11:23

Lundin Petroleum through their subsidiary Africa Oil Corp (AOI) have this week completed a $25m funding for Africa Energy (AEC) and today $40m into Impact Oil&Gas, both are involved in Namibia and S/Africa

This could be the start of news flow from this region

[farnham] 07/2/2020 09:30

About time

[saw89] 06/2/2020 11:29

People would also do well to remember that in October the CEO put £700k of his own cash into this as part of the placing. Interestingly that was done after the Namibia update that technical information was disclosed to a super major.

[saw89] 06/2/2020 10:01

Clearly off the radar of the herd right now so perfect time to accumulate. As usual they will only start noticing this when it’s gone up 50-100% . Mcap incredibly low given looks like we’ll be drilling for 7000 bopd in the next few weeks. The market won’t be able to ignore it For much longer

[saw89] 06/2/2020 09:58

Farm-out news can land anytime soon
Drill schedule can land anytime soon both will put a rocket under this

[oilmanmike] 05/2/2020 22:27

the question is was it pulled because of the increase in price over the last few months or because they do not need it as they have found a partner?
I say it is the former and there is a slight delay (nothing to worry about in the 12 year scheme of things I am sure all will agree) whilst some funding gets sorted.

Meantime TRP will be pushing ahead with the consequent increase in share price associated with progress.

[mostro] 05/2/2020 19:55

Will be adding here tomorrow morning.

[darkglasses] 05/2/2020 18:21

BPC £10m placing has been pulled

[mr hangman] 05/2/2020 15:04

OM, The spud will be 3rd week of April

[oilmanmike] 05/2/2020 15:01

Hangman they haven't even sorted the finance for the drill
so how can that be? All needs to be confirmed prior to that
Also still awaiting environmental go ahead.

[mr hangman] 05/2/2020 14:53

OM, the BPC rig is arriving in April, at present 100% of over 1 Billion Barrels
it will be worth the 12 year wait

[oilmanmike] 05/2/2020 14:49

BPC mkt cap is £78m currently.
Tower is closer to a drill than
BPC IMO.

[mr hangman] 05/2/2020 14:38

I'm a big fan of both BPC & ECO, BPC is certainly the place to be come April,
Even with the Heavy oil news a few months back, ECO is in a very exciting part
of the world, with oil heavyweights all around them, in a few years time, they
will be taken out for multiples of the current share price, buy both while stocks last..

[2solaris] 05/2/2020 13:31

ADVFN quote BPC as having a market cap of £58m. And they are almost drill-ready for April.

[oilmanmike] 05/2/2020 12:55

In South Africa we have already identified a 372m bbl recoverable target in the same basin as the Total 1bn bbl discovery. Total will be sinking a couple more well this year
moving eastwards towards our blocks.
If you look at something like BPC (£80m cap) or ECO Atlantic (£75m) then it is very clear that TRP should be multiples of current share price
All that is needed now is the spark to light that touch paper!!

Hangman best you are here early for multi Billion Namibian assets cos the entry price is about to increase steeply IMO,

[mr hangman] 05/2/2020 11:50

"Multi billion super giant structures with Exxon circling"
That's why i'm here..