Tower Resources Share Discussion Threads

[moneymunch] 22/11/2022 06:53

Lol satkaur, good luck with GBP, although not sure if you are aware but as well as Cameroon, South Africa and Namibia , TRP also has a 25% free carry on GBP's offshore Namibian block. Gl ;-)

From TRP June 2020

"Tower observes that this figure corresponds to the portion of the prospect on block 2011A, and notes that approximately 25% of the Welwitschia structure lies in block 1911, which is covered by Tower's license PEL 96. Although this proportion is an estimate made without the details of Global's detailed reinterpretation, it would imply that the total Best Estimate unrisked gross prospective resources of the Welwitschia Deep prospect's entire structure would be in the region of 895 million barrels. Of this, approximately 224 million barrels would lie in block 1911, of which approximately 179 million barrels would be attributable to Tower."





"As previously disclosed, Tower received an unsolicited approach from a Major oil company regarding its license PEL 96 in the second half of 2019. That company has told Tower that it remains interested in working on this project, but has not prioritised it during the first half of 2020, and we expect discussions to remain on the back burner in the second half of the year, or at least until the Covid-19 pandemic situation is clearer. This has not affected our own plans for the license, and we await with great interest the outcome of further work, such as Global's, and also further wells being drilled in Namibia, including Shell's well on license PEL 39 and Total's Venus well, all of which will enhance our own basin modelling and prospect evaluation."

[nestoframpers] 21/11/2022 21:22

761 Felix , I lost money on WET yonks ago , hence I dont like African stocks as it is so corrupt.

If you are able to catch the bottom here with a modest amount then one of these days Asher has to hit oil ( doesnt he ? ) these blocks look promising .

0.18p might seem low but it can go a lot lower yet , I will get a few once funding is done. GLA

[sanilav] 21/11/2022 18:26

Shares go down as well as up,dont invest what you cant afford to lose,jeez if only people understood and stuck by those really simple principals,life on these boards would be so much more pleasant,maybe duller,but pleasant.

[dodge_city] 21/11/2022 17:35

"This balance may be funded by further financing at the asset level, or with corporate funds."

In other words a huge placing, that's if they can get a placing away.

[dodge_city] 21/11/2022 17:30

It's unlikely Tower will be drilling it though, doesn't the license expire next year.

People who claim to be investors in Aim stocks are either idiots or liars.

[sheepshagger1] 21/11/2022 17:18

5k to me is nothing to worry about.

I haven't bought TRP as a short term trade.

I can wait as long as it takes for Thali to be drilled.

I am an investor.

[sheepshagger1] 21/11/2022 17:09

MALCY TODAY:

Jeremy Asher, Tower’s Chairman and CEO, commented:

“We are very happy with the progress in our discussions with BGFI Bank Group, and the support that the local bank has shown towards our project in Cameroon.

“Discussions regarding the rig options with suppliers and other operators are also continuing as expected. As previously announced, long lead items for the well have already been purchased, and the environmental and social impact assessment, site survey and site debris survey are complete. Therefore, we are in a position to move quickly once a rig slot is finalised.

“We remain very confident that we will be able to drill the NJOM-3 well in good time and thank our shareholders for their patience while we seek to conclude these discussions.”

This announcement speaks for itself, this is a crucial step but Group level will be an equally tough hurdle but the company seem confident that patience with regards to the Thali PSC.

[tanboy1950] 21/11/2022 16:33

Get Out Sheep Before You Lose Your Shirt 5k Is Bad

[mr hangman] 21/11/2022 16:14

Come on Mr Dipper, be a man, tell us what you have lost..

[tanboy1950] 21/11/2022 15:46

Mm Game Changing News At Anytime... Neily boy No Resistance To 1.5 The Rampers Are Finished Sheep Looks Like You Lost A few THOUSAND Today..

[satkaur1973] 21/11/2022 15:43

Asher should resign and give somebody else a chance to create Shareholder Value.


His history is Placing after Placing.

This Stock is corrupt hence concentrating on Global Petroleum (GBP) now.

If GBP get Exxon on board then it will go through the roof.

Goodbye here.

My last post here.

Will pop back back when a Placing happens.

[andymunchkin] 21/11/2022 15:42

moneymunch25 Oct '22 - 12:24 - 1484 of 1526
0 0 1
Lol....I've bought more on the drop.
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uCnT buy smeMre today
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sheepshagger13 Nov '22 - 17:29 - 1503 of 1526
0 3 0
1p soon
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wiTh aName likeSheepShaGGer wiLL anyone takeU serIouSLy???

[andymunchkin] 21/11/2022 15:37

mr hangman20 Nov '22 - 11:16 - 31720 of 31763
0 0 0
I will be making a major announcement at 10am Monday
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moneymunch13 Oct '22 - 10:35 - 1437 of 1526
0 2 0
Game changing news at anytime..
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moneymunch18 Oct '22 - 11:48 - 1457 of 1526
0 1 0
Profit takers done, get ready for the next move North...Game changing news possible on several fronts.
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Neilyb67518 Oct '22 - 13:37 - 1459 of 1526
0 4 1
no resistance to 1.5..
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moneymunch18 Nov '22 - 20:34 - 31711 of 31763
0 0 0
Yep, me too toyboy,....

[0ili0] 21/11/2022 15:24

Oil isn’t working

We can feel it—in the air, at the pump, in our neighborhood.

It’s running out. And if you ask us, the last drop can’t arrive a moment too soon. The massive spills, the air and water contamination, the geo-political turmoil. We’ve had enough of oil.

From Asher's "Better Place" company. You have to laugh. 🛢️
29312;⛈️;

[andymunchkin] 21/11/2022 15:03

dodge_city17 Nov '22 - 14:49 - 31684 of 31761
0 0 0
5 million sell is not a micro trade. Be careful of people coming on here bearing gifts.
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dodge_city17 Nov '22 - 12:47 - 31679 of 31761
0 0 0
The trades are all sells so it must be bad news.
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yup co.Is HaPPY SeaSonSaLe i$$tiLL on

[felix0007] 21/11/2022 14:56

so Nest are you suggesting that the 'if its confirmed' statement could have been planted to spook the market and drive down the share price with a second statement to come this week once certain entities have loaded up?? If thats the case we should see some serious buying coming up...

[nestoframpers] 21/11/2022 14:46

757 just like Africa get the share price down so they can load up before giving out the good news , bent as bent can be . Lets see if Asher buys at rock bottom .

[bad gateway] 21/11/2022 14:32

Funnily enough I did think they may be more likely to get the cash from a crooked bank than a straight one just don't know if I want to trade it.

[felix0007] 21/11/2022 14:25

good info BadG and from this article looks like we could get full sign off here within about 24 hours!!

[bad gateway] 21/11/2022 14:05

Quite a bit of previous for the bank they want to deal with.


Few other news stories come up on google search none of them complimentary.

[mr hangman] 21/11/2022 13:28

Last chance to buy under 20 at ECO

[felix0007] 21/11/2022 13:04

Satkaur noted and best of luck buddy!