Tower Resources Share Discussion Threads

[jotoha2] 26/1/2021 07:55

Indeed , massive good news for gbp , lets hope JA gets his skates on and starts promoting the significance here.

[farnham] 26/1/2021 07:24

Very significant for trp Global Petroleum Limited("Global" or "the Company")Updated Prospective Resources estimate for Namibian Licence PEL0094Global Petroleum Limited (AIM: GBP) is pleased to announce its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed. Global holds a working interest of 78 per cent in PEL0094, and is operator.The additional Prospective Resources, which are in the east of PEL0094, consist of 7 new leads with a total unrisked gross Prospective Resources (Best Estimate) of 2,048 million barrels of oil ("barrels"). As previously reported in July 2020, the pre-existing prospects - Marula and Welwitschia Deep - contain a total of 881 million barrels, making a new total on the licence of 2,929 million barrels unrisked gross Prospective Resources (Best Estimate).Regarding the Prospective Resources attributable to Global, the total unrisked net Prospective Resources (Best Estimate) now total 2,284 million barrels compared with the previous number of 687 million barrels net to Global for Marula and Welwitschia Deep alone.This means that the total unrisked net Prospective Resources (Best Estimate) - both gross and net - are over three times as large, due to the new leads identified. On a risked basis, Prospective Resources have approximately doubled.The technical work undertaken in late 2020 has significantly reinforced Global's confidence that the source rock is present and generating oil in PEL0094 and has further vindicated the Company's view that the acreage is highly prospective.Peter Hill, Global Petroleum's CEO, commented: "As promised in December, we are pleased to report the identification of significant new leads in the eastern part of PEL0094, together with further de-risking of our principal prospect, Marula, and additional evidence of the presence of significant source. The identification of Prospective Resources on such a scale in the new leads is obviously a great boost to the overall prospectivity and attractiveness of the Licence, which is very timely as we commence our farmout process."

[farnham] 26/1/2021 07:23

Huge upgrade to 2200 million barrels at gbp Our neighbours

[jimarilo] 25/1/2021 13:12

Namibia is gearing up for several wells that were delayed from last year, including Exxon in the Walvis basin, Shell and Total . Recon are probably a couple of weeks away from TD on their current well

A commercial discovery will have a huge impact in the region, particularly for TRP with the largest net acreage holders in the Walvis basin and a 2 billion barrel potential

[jotoha2] 25/1/2021 12:55

Problem is Namibia has been a graveyard for many small E&O companies , best thing for Asher is to sell Namibia now while there is some interest , with his track record funding to drill will be virtually impossible.

[jimarilo] 25/1/2021 12:52

Online bid just gone up, they are looking for shares it would seem

[jimarilo] 25/1/2021 10:29

Tiny m/cap and 2 billion barrel potential in Namibia alone, adjacent to Exxon

Already, had initial talks with a major when oil was on it's knees. Oil has over doubled since last March

Azinam have been very quiet of late and will be looking for a route to market for up coming wells. They were said to be looking for deepwater blocks in Namibia, since dropping Pel 44,45 and 71

Here is the licence map, TRP pel96 in the blue. GBP's pel29 has gone in the red

TRP are the largest acreage holders in the Walvis basin, Exxon to the North are adjacent, but in the Namibe basin

[jimarilo] 25/1/2021 10:08

Indeed, £36k buy is significant

[jotoha2] 25/1/2021 09:35

Wake me up when it gets to 2p

[fillipe] 25/1/2021 09:27

8.0 mill shrs taken just now at the full 0.45p asking.

f

[pembury] 25/1/2021 09:26

huge buy full offer

[fillipe] 25/1/2021 09:25

0.43p/0.45p being paid today.

f

[farnham] 22/1/2021 15:50

Not surprising I'm holding there for this months updates hopefully

[jimarilo] 22/1/2021 15:28

I think you will now find Panmure have 2p as the target price for GBP, since the dilution and lose of licence

[farnham] 22/1/2021 15:11

Seem to remember last year there was an analysis giving 150p target for gbp . I guess that was before license loss.I'm weighted 80/20 in Trp favour for now

[jimarilo] 22/1/2021 14:57

Slide 9, shows the Alpha and Gamma prospects have a potential of 1Billion barrels each

Is it any surprise a super major has expressed an interest ?



Recon are currently drilling ahead onshore Namibia, with offshore drilling expected soon with the Total and the Venus well, Shell with two wells and Exxon/Galp due to drill in the Walvis basin

The interest in TRP can only increase from here

[jimarilo] 22/1/2021 14:43

Not only that, GBP LOST their flagship licence PEL29, adjacent to TRP licence in early December, which had a potential 3.66 bln barrels

GBP have just one small block left, were as TRP are one of the largest net acreage holders in the Walvis Basin Namibia, in addition to Cameroon and S/A

[pembury] 22/1/2021 14:07

how is it that gbp have multi bagged while trp is down here? gbp primary lead runs into trp block in namibia and trp have sa and cameroon also!

[jimarilo] 22/1/2021 13:49

Was just a matter of time.....news expected on three fronts. TRP don't have all their eggs in one basket and all their eggs are in hot spot locations

[jotoha2] 21/1/2021 15:33

At this rate its going to be buy one get one free soon ,what a mess has been created here.

[jamins] 21/1/2021 07:34

Especially as there is news expected this month regarding the outcome of New Age reprocessing the SA data.....

[jotoha2] 20/1/2021 15:58

Most astute CEO's would of released major positive news prior to getting out the begging bowl , poor old JA has little to offer the money boys hence the manipulations of these shares . Resign and bring in an experienced deal maker.

[chinahere] 20/1/2021 15:32

There are 384 million new shares from the placing today so it will take some trades to shift them.

[sanilav] 20/1/2021 15:23

Strange goings on with this 12 million,is it a buy,is it a sell,or is ot 3 seperate deals,most peculiar.Or is it so simple iam missing something.

[jotoha2] 20/1/2021 13:08

If it's a buy why drop the price straight after , dodgy stuff going on here.