Tower Resources Share Discussion Threads

[fredo1976] 01/7/2021 08:15

Prem has a lot more shares in issue.

[holts] 01/7/2021 07:40

I understand the strategy now , it’s an attempt to have a market listing with the highest number of shares in issue , I don't know what the record is but it’s a valiant attempt.

[fredo1976] 24/6/2021 15:45

A no brainer at these levels

[fredo1976] 24/6/2021 15:43

I have been adding myself

[fredo1976] 24/6/2021 15:38

Whilst someone has been unloading, someone else has been loading up.

[fredo1976] 24/6/2021 15:37

He is privy to some info none of us know about. That is my take.

[jotoha2] 24/6/2021 15:22

Are u being serious , company has no cash , and needs to raise it at such a low price to keep the wolves from the door , and the can will again be kicked down the road for another few months , nothing new from the main man, how not to run a oil company.

[mr hangman] 24/6/2021 10:02

Really can't work people out, on other threads if the MD was subscribing for shares above the market price, the posters would be getting very excited

[pembury] 24/6/2021 09:24

another dull 'update' on trend

[glowing in the dark] 16/6/2021 22:04

Low point of the year. Can Asher breathe some life into this ? Probably not.

[jotoha2] 09/6/2021 21:57

Man this dude is one experienced bull shiiter , does he have a problem with trying to use his brain in making fairly easy decisions .

[encarter] 08/6/2021 11:09

He's burned his bridges and can't find a farm in partner or raise enough cash, thus far.

[searcher0] 07/6/2021 17:44

When Jeremy the can kicking Asher kicks the bucket. Until then enjoy a serving up of tumbleweed and dilution. Oil at $70 and the state of this Board, deary me.

[mn100mobile] 02/6/2021 12:54

Oil now at $71 per barrel and these guys still can't RNS a drilling schedule yet!!! ?

[lw425] 21/5/2021 18:56

I agree with Purple regarding ADV.

TRP dreamers should take note. Funding ALREADY raised. Cap 23m. You can still buy at 2.4p early Monday I should think but the window is closing fast. Large late buys reported. The 20m capital raise in the reverse takeover was at 2.6p


This is low risk appraisal given the past 8 well penetrations of the Elang reservoir with a high probability of encountering the undrilled crest. The projected peak of gross oil production is 40,000 bopd within 2023. Based on the RISC CPR 2C oil forecast and associated cost estimates his would mean free cash flow (FCF) of US$276 million in the first 12 months at an oil price $50, the majority of which would be net to Advance.

[mn100mobile] 21/5/2021 07:48

Probably go down on that news....

[johncasey] 21/5/2021 07:34

good tax news...should add a penny to the share price

[jotoha2] 19/5/2021 07:36

Now "due course " from this chap has meant many years in the past , lets see if he has changed after all.

[purple11] 19/5/2021 07:18

it'll never get financed...

for a sure thing pick ADV

drilling a 95%COS massive well in Sept/october fully funded will double by spud.gl

[southway2] 19/5/2021 07:15

The Company has now received formal confirmation from the Minister of Mines, Industry and Technological Development ("MINMIDT") of the details of the formal extension of the First Exploration Period of the PSC. As previously announced the Company declared Force Majeure in March 2020 in respect of the First Exploration Period of the PSC, in light of the restrictions required to combat the Covid-19 pandemic, and on 31 March 2021 the Company announced that the President of the Republic had also approved a formal extension of the First Exploration Period.The formal "arrête" from MINMIDT extends the First Exploration Period to 11 May 2022.This formal extension allows the Company to proceed with finalising a schedule for drilling and testing the NJOM-3 well.Jeremy Asher, Chairman and Chief Executive Officer, commented:"We are once again grateful to the Republic of Cameroon and to the Minister of Mines, Industry and Technological Development and his staff for their continued support of the Thali project, and also to the President of the Republic, the Secretary General of the Office of the Presidency, and the Prime Minister for taking a direct interest in our activity, as well as all the staff at the Societé Nationale de Hydrocarbures who have supported us during this First Exploration Period. We are looking forward to seeing the NJOM-3 well drilled as soon as possible, and we will have more news for investors about the schedule in due course."

[pembury] 07/5/2021 09:37

getting near to completion according to the ceo........................and about time!

[ohisay] 06/5/2021 16:03

High volume ..today ..for what ?!