Tower Resources Share Discussion Threads

[jotoha2] 19/5/2020 14:46

Like the look of the chart today , is she ready for some real action.?

[thatsmart1] 19/5/2020 12:34

mr hangman. Has anyone ever made any money out of Morocco? I seem to remember Sound were a big cheese there not so long ago with an share price in the 80's of 90's. Now they are struggling to get above a penny. Purple is a big head with a tiny brain.

[jimarilo] 13/5/2020 08:12

As international oil companies farmed-down their interests in Namibia’s offshore, a series of leading independents came in and invested, raising hopes to see world class disocveries in the near future. These notably include Chariot Oil & Gas, Tullow Oil, Africa Energy Corp, AziNam, BW Energy, Chariot Oil & Gas, Eco Atlantic Oil & Gas, Global Petroleum, Impact Oil & Gas, Maurel & Prom and Tower Resources.

[mr hangman] 11/5/2020 13:36

LOL, Morocco, the small cap oil punters graveyard, might of guessed Purple would be there

[jotoha2] 06/5/2020 15:48

PRD , only 5% COS , time waster !

[purple11] 04/5/2020 13:50

get your cash out of this basket case into PRD

FULLY FUNDED MONSTER MOROCCO DRILL COMING UP IN JUNE.4M CAP.WILL BE 4-6P ON SPUD.2P TO BUY NOW.

GIVE YOURSELF A CHANCE.

PRD

[hermanngoring] 31/3/2020 18:58

This is bust.

[chinahere] 31/3/2020 18:29

I agree they aren't small figures but Jeremy Asher has put a lot of money into this himself and compared to many AIM companies the wages are very low.

I follow Rockhopper (RKH) and the CEO there is on around £500,000 per annum in a £25m market cap. company with no revenue!

[take_that] 31/3/2020 18:09

Thanks China, missed a decimal place but it's still areasonable amount to be issued at a time when other CEOs are working for nothing.Share warrants for Asher's 6 month tenure = 21,978,02221,978,022 x 0.2p (nominal value per warrant) = £43956£43956 x 2(to get annual figure) = £87,912GBPNot to shabby when the economy and oil is on its knees.

[purple11] 31/3/2020 14:16

dead duck.

[chinahere] 31/3/2020 11:01

Are you looking at the total warrants held (at the column on the right)?

The award yesterday is around a tenth of the total size - they said an equivalent of £68,000 I think.

[take_that] 31/3/2020 10:49

Am I alone in thinking that the warrants issued today to the management team are an obscene amount? That's equivalent to nearly £1 million value per year for Asher alone.Many big name FTSE CEOs don't get paid that in an average year. However, due to the global virus issues many CEOs are working for no remuneration.I'm stunned. If there was money available in this Company, I'm sure they'd have been paid this extortionate amount in cash. So when there's little money left after poor stewardship, they still want to take virtual payments from the Company. Who decided on this figure?

[sanilav] 30/3/2020 15:09

Taken from LSE

Tower Resources
A brief Cameroon update from Tower Resources where Covid-19 has created travel restrictions in-country and thus the company has declared Force Majeure and with current obligations has temporarily suspended operations with 7 months remaining. With HoT with OilLR still underway they have been extended until June 30th which seems a positive move. Thali ticks a number of boxes, partners remain committed, management is positive still and ‘the project remains very attractive at current Brent prices all good news for Jeremy Asher and the Tower faithful.

hxxps://www.share-talk.com/malcys-blog-oil-price-egdon-resources-union-jack-oil-tower-resources/#gs.1ojrao

Sorry hermann,dont think so,but thanks for your in depth comment.

[hermanngoring] 30/3/2020 13:59

This will go bust. It is just a matter of when.

[jimarilo] 30/3/2020 13:54

You called that right;-)

[encarter] 27/3/2020 10:06

I feel it will be extended.

[mynameiskhan] 27/3/2020 09:40

Yes encarter, there is possibility of extension due to current market conditions. But as per rns, if they fail, HoT will terminate

[encarter] 27/3/2020 09:25

Or they can agree to extend it.

[pembury] 27/3/2020 09:08

wicked, thanks mate
confident as think this was why the level of placing was were it was

[mynameiskhan] 27/3/2020 09:04

There will be news on Monday with regards to farm out. Either OilLR has shown proof of fund or otherwise HoT terminates.

[pembury] 27/3/2020 08:36

placing just done at .375p so happy to add

[encarter] 27/3/2020 08:26

Looks like it.

[pembury] 27/3/2020 08:18

news coming?

[sanilav] 26/3/2020 16:39

interesting day today,something brewing maybe.