Tower Resources Share Discussion Threads

[jimarilo] 19/2/2020 09:32

From the last Azinam presentation

Slide 4....... "targets 5 & 6 being negotiated"

Slide 7......and the balloons....second balloon along is target 6 and is bang on the 15% cos line and the centre of the balloon is on 775mmboe



From GBP's recent PEL94 CPR .......

" Of particular note, the Albian carbonate reservoir at Welwitschia Deep has been estimated to have Best Estimate unrisked gross prospective resources of 772 million barrels of oil with a probability of success (“chance of geologic discovery”) of 15%."

This fits target 6 to a "T"

Being more advanced and with new data and concept this well would de-risk GBP & TRP's prospects and open up the Walvis basin

[purple11] 19/2/2020 09:31

get into PRD at around the placing price if you want exposure to a fully funded monster drill in 2 months.most likely double before spud giving chance to derisk.8m cap only.

4p to buy 80-240p If it comes in!best drill out there atm

[purple11] 19/2/2020 09:27

tick me up who wishes they sold at .70!

[purple11] 19/2/2020 09:26

yet another quick it down the road rns

they cant get funding simple as that.

[jimarilo] 19/2/2020 09:23

No mention of Namibia, but is still in play imo, for both TRP & GBP

[soulsauce] 19/2/2020 09:20

Is that something new for Jeremy mr hangman, was anything glowing in the dark?

[daar] 19/2/2020 09:18

0.30 entry incoming :()

[encarter] 19/2/2020 09:12

Those that bought in the placing at 0.325p are making money. Another placing is due.

[mr hangman] 19/2/2020 09:05

Jeremy seemed very confident last night, the figures quoted for a 5M cap company,
were huge

[rayrac] 19/2/2020 09:00

Trouble is...they haven’t anything worth announcing. What kind of partner is going to throw money at that potential tiny resource?! Ffs

It seems it’s sa or nam or die.

[thatsmart1] 19/2/2020 07:31

There are some positives but still a long way to go. They could have waited a while until there was something concrete to announce.

[jotoha2] 19/2/2020 07:24

Very poor RNS , nothing firm in either the drill date or farm in , will the man never learn , the market likes good positive news , which is set in stone , more time delays here , very inept.

[jotoha2] 19/2/2020 03:01

Why waste your time going through the motions if there is no new positive news to give , very few takers at this level until there is something worthy to report .

[jimarilo] 18/2/2020 22:41

The presentation looks like a cut & paste from the previous one

[jotoha2] 18/2/2020 22:38

Presentation needs to be confirmed by RNS to state when Drilling takes place and what progress has been achieved on farm in , otherwise it's back to sleep for LTH .

[jimarilo] 18/2/2020 19:24

Read the rns

[lardner 23] 18/2/2020 18:22

Where is this investors presentation being held?

[iamnotanumber6] 18/2/2020 14:08

Think you need to be on grindr hangman.

[mr hangman] 18/2/2020 11:09

Anyone going tonight ?

[schachmeister] 17/2/2020 17:31

An Investor'Update' & an Investor 'Presentation' can be two very different things ! If the update proves to be nothing,which is,of course, possible, this will barely move - so it's a low risk trade which could potentially offer a high return,What's not to like about that ?

[schachmeister] 17/2/2020 17:21

Any update could indeed be considered price sensitive and should be rns'd before or after the event as long as its before the market opens the next morning.

There is minimal downside if the update proves to be insignificant but should it prove to be significant then those not in will be locked out and have to pay a 100%+ premuim,so it's a low risk trade with a potentially high reward in a very short time frame.

News on Cameroon is due soon regardless of tomorrow's update, so you'll get some bang for your buck soon one way or the other.

[mr hangman] 17/2/2020 17:06

You really can't make it up, the function room would of been booked months ago,
Edison & Hardman are there, they would of had to have decent notice, it's just a
investors update/presentation, one hopes Jeremy does the buttons up on his shirt

[jimarilo] 17/2/2020 16:40

If there is something price sensitive it would have to be announced before the evening event

"maybe they just want to get bums on seats" The free nibbles and drinks would do that lol

[mr hangman] 17/2/2020 16:24

i do love ADVFN it does make me laugh, maybe they just want to get bums on seats
at the Brewers Hall

[schachmeister] 17/2/2020 14:20

Good volumes today as speculators take their positions ahead of the Investors Update tomorrow.The update could be rns'd anytime tomorrow or after the update on Wednesday before 8.

The CEO would not rns the fact there will be an update on Tuesday unless there was something worth updating. I expect he's been waiting to sign something off...could it be the long awaited farm out in Cameroon ? Or maybe they have agreed terms with the major in Namibia ?...We don't know what it will be but we do know that Tower definitely has something to update, so it could get very exciting here over the next few days.

Make no Mistake,This will go Ballistic on any positive news !