Tower Resources Share Discussion Threads

[felix0007] 19/10/2022 07:34

JA's session on today at 12.15 local time (11.15 for us here in Blighty!!)...

[moneymunch] 19/10/2022 07:22

Ker-Ching!!! Gla ;-)


AEC, Afreximbank sign MoU to boost private-sector investments in Africa’s oil & gas


18/10/22




The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry.




AEC, Afreximbank sign MoU to boost private-sector investments in Africa's oil & gas.

The MoU was signed by NJ Ayuk, the executive chairman of the AEC, and Benedict Oramah, president, Afreximbank, during the first day of the ongoing African Energy Week (AEW) conference and exhibition, which runs from October 18-21 in Cape Town, South Africa.

The new development is expected to accelerate increased participation of private sector investors and local service companies in boosting capital across Africa’s entire hydrocarbon industry, with the AEC leading various mechanisms aimed at simplifying the entrance and expansion of financial institutions.



Speaking at the signing ceremony, Ayuk noted that the deal is meant to encourage private sector individuals to drive energy sector growth in the continent.



“I would like to thank Afreximbank for bringing us an opportunity to bring more private sector players across the African energy industry. With this MoU, we can get guys working on mini grids and local service and financing companies and get them into boosting industry growth,” he added.



On his part, Oramah expressed excitement entering an MoU with the AEC, noting that the bank had for long searched for a connecting voice with an intellectual depth and capacity to do research.



He maintained that working with the AEC will enable Afreximbank to begin to make big transformations towards ensuring Africans gain more access to energy, thereby reducing the number of people with no access to clean cooking.



“As we launch the African Energy Bank, we look at the AEC becoming part of the instrument which we will use finance to change the course of history regarding the way energy access is on the continent,” he said.



With global energy transition-related policies currently disturbing the flow of investments across the continent’s hydrocarbon industry, the MoU between the AEC and Afreximbank is expected to play a key role in transforming the industry.



Prior to the event, AEC had stated its commitment towards making energy poverty history by 2030. The chamber is optimistic that its vast experience in uniting African governments, energy companies and investors with global stakeholders will be crucial in accelerating their participation and collaborations with Afreximbank in energy financing and development.

[gasman19] 19/10/2022 00:51

Market cap here should swell into many multiples here shortly think the next few weeks are going to be very interesting.

[moneymunch] 18/10/2022 20:05

Exxon  "two assessments are expected in Namibia."....Highly significant for Tower. Gla :-)

The webinar explored ongoing exploration trends as well as opportunities in Africa, with Ayukegba stating that “As a result of the COVID-19 crisis, exploration revenue has dropped significantly.

However, due to recent price developments, an increasing number of companies are looking to increase investment, evidenced by a rapid increase in offshore exploration activities in Namibia, Angola and Zimbabwe.


ExxonMobil will launch a massive campaign in Angola next year, while  two assessments are expected in Namibia.

For Africa to ensure long-term energy security and supply while meeting global demand, we need to focus more on exploration.” Commenting on whether the focal points of exploration in Africa have changed, Mahajan explained that “We see a lot of frontier exploration.

[andymunchkin] 18/10/2022 17:54

yup theyWiLL be lefT HunG&DrY

[mr hangman] 18/10/2022 17:40

Hi Tanboy

You are observant, yes that's when I turned up here, if my memory serves me right
that was 12 Billion Namibian Seismic Survey report the our Jeremy released.
Like the Falklands it got my juices flowing, I'm only interested in Elephant fields, NOT 2 barrels of oil like Cameroon.
I have been in & out for the 3 Ugandan drills, the 1 in Kenya & the massive
glowing in the dark (made lots of money)
I have a medium holding here at present, the only thing stopping me going large
is Cameroon, I'm afraid the teenage scribblers that we have on this thread have
not got a clue

[sheepshagger1] 18/10/2022 14:48

1.5p is still only £50 million market cap

[neilyb675] 18/10/2022 14:37

no resistance to 1.5p

[sheepshagger1] 18/10/2022 12:51

News very soon

1p coming

[moneymunch] 18/10/2022 12:48

Profit takers done, get ready for the next move North...Game changing news possible on several fronts. Gla ;-)

[neilyb675] 18/10/2022 12:38

Can't buy, can't buy

[moneymunch] 18/10/2022 10:54

Namibia could prove to be very extensive indeed. WoodMac’s current estimate for total reserves is 6 billion barrels, but the upside could be more than twice that dependent on future appraisal. TotalEnergies’ second well on Venus is planned for next year.

Second, upstream investment in Africa is on a strong upward trend. These big discoveries feed into a healthy existing development pipeline which could drive a doubling of spending by 2025 from the regional lows of two years ago. With global spending showing little sign of growth, Africa is outperforming other upstream regions. Investment is no longer dominated by Nigeria, Angola, and the Congo. Much of the future spending will be in Uganda, South Africa, Senegal, Cote d’Ivoire, Mozambique, and likely Namibia.

[moneymunch] 18/10/2022 10:27

Funding news for Cameroon could be fast approaching, or even better, Exxon deciding on Tower's offshore Namibian acerage with its multi-billion barrel potential, following their extensive analysis on the best prospective targets of the Walvis Basin. Gla holders...On and UP!!! :-)

[moneymunch] 18/10/2022 10:20

Get UP there!!! Gla :-)

[sheepshagger1] 18/10/2022 10:10

I can smell a great RNS

[moneymunch] 18/10/2022 08:30

JA has a presentation tomorrow and Exxon on Thursday. It should be very interesting to hear what Exxon has to say on their offshore Namibian acerage, much of which lies adjacent to Tower's, any immediate plans to drill will be highly significant. Gla ;-)

Oil & Gas in Namibia - hosted by Presentation by Namcor

Presentation by Bridget Venner, Namibia Lead Country Manager, ExxonMobil

[tanboy1950] 17/10/2022 21:41

Hangman I Noticed That You Were Posting On TRP In 2008. Did It Close Down Untill 2014 Or Go Bust. ??

[tanboy1950] 17/10/2022 21:32

Dusters 17 Oil Strike 0 Thats Not Too Bad lol

[tanboy1950] 17/10/2022 19:52

90% Of Nothing .. 18 Years Of Nothing ..

[maqsood7] 17/10/2022 16:52

Really.Chevron recently made 100million deal in Namibia. HahahaDidn't you tell them all this?

[apache_dropout] 17/10/2022 16:33

Asher is a con artist.

[tanboy1950] 17/10/2022 16:27

Just Watched A Video Of Asher Talking About Cameroon.., Total... Gave It Up As A Dud, Asher Is Spending Big Money Drilling A Dud. Get Out On The Next Spike

[maqsood7] 17/10/2022 15:05

According to last update,finance news is due now.We seen a nice 50% spike last time and actual news will make bigger difference here.imoThey were saying that there are actually two banks were ready to lend, so maybe done deal and just need to finalise it? Door, news is expected on many fronts here.